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1997-05-27
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From: canslim-owner@xmission.com (canslim Digest)
To: canslim-digest@xmission.com
Subject: canslim Digest V1 #187
Reply-To: canslim@xmission.com
Sender: canslim-owner@xmission.com
Errors-To: canslim-owner@xmission.com
Precedence:
canslim Digest Wednesday, May 28 1997 Volume 01 : Number 187
In this issue:
Re: [CANSLIM] Stop Loss & Profit Target Based on Pivot Point
RE: [CANSLIM] Need computer wizzard
Re: [CANSLIM] Stop Loss & Profit Target Based on Pivot Point
Re: [CANSLIM] Fw: Group Strength Ranking
[CANSLIM] A quickie
Re: [CANSLIM] Need computer wizzard
Re: [CANSLIM] Need computer wizzard
Re: [CANSLIM] Need computer wizzard
Re: [CANSLIM] Need computer wizzard
[CANSLIM] Economic Calendar, week of 5/27
[CANSLIM] Stops on Semi-Canslim Stocks?
[CANSLIM] Quatro pro
Re: [CANSLIM] Stops on Semi-Canslim Stocks?
[CANSLIM] From the newbie(sp?)
Re: [CANSLIM] Stops on Semi-Canslim Stocks?
[CANSLIM] Managing Multiple Portfolios
Re: [CANSLIM] From the newbie(sp?)
Re: [CANSLIM] Managing Multiple Portfolios
Re: [CANSLIM] Managing Multiple Portfolios
Re: [CANSLIM] Stops on Semi-Canslim Stocks?
Re: [CANSLIM] Managing Multiple Portfolios
Re: [CANSLIM] Need computer wizzard
Re: [CANSLIM] JPMX? From the newbie(sp?)
Re: [CANSLIM] Managing Multiple Portfolios
Re: [CANSLIM] Need computer wizzard
See the end of the digest for information on subscribing to the canslim
or canslim-digest mailing lists and on how to retrieve back issues.
----------------------------------------------------------------------
Date: Tue, 27 May 1997 17:42:00 -0400
From: Hemant Rotithor <rotithor@zko.dec.com>
Subject: Re: [CANSLIM] Stop Loss & Profit Target Based on Pivot Point
Mike Artobello wrote:
>
> I've been struggling with the 8% stop loss & 20% profit target. It appears
> to me to be based on the ideal pivot point. If that's the case does it
> make sense that you need to increase the stop loss % and decrease the
> profit target % by the % amount over the pivot point? For example, if you
> purchase a stock at 5% above the pivot point would you have a stop loss of
> 13% and a profit target of 15%? If so, would decreasing your investment by
> the same % equalize the risk/reward? For example if you had $1000 to
> invest and bought at 5% above the pivot, then decrease your investment to $950.
>
> Does any of this make sense or have I completely missed the point?
>
>
>
> Regards,
>
> Mike
> ____________________________
> Mike Artobello (Concord, CA)
>
> email: marto@ccnet.com
> WWW: http://www.ccnet.com/~marto
With a 8% stop loss below your purchase you may have:
- -bought right at the pivot; the consolidation base had only a 3%
variation and
your stop loss happens to be at the bottom of the support
- -bought extended from pivot by whatever amount and you have a stop loss
that is hanging up above the support level 8% below the purchase.
The first scenario is an idealistic one and a desirable one; in the
second
case only if the stock keeps going up (or not fall below 8%) you will
make money
which may be a reasonable assumption (WON makes it) in a stable market
without much
volatility else you will be taken out rather easily because of the stop
loss.
The next question is about increasing your stop loss; if you do it
you are prepared to take on more risk because
- -you do not think the stock will go up without an interruption of larger
than 8%
for whatever reason
- -the market conditions are so volatile, that a non-ideal buy point will
shake your position
out
If you buy x% extended from pivot, instead of setting a loss at 8+x you
may be
better off setting at the support level based on TA (this % can be > 8%
if
the stock varies more than 3% in the base and has large spread).
My take is that if you do not trade very often, it may not be such a bad
idea to
just keep the loss at 8% from your buy point (not increase it) and hope
that the
stock will not fall below; there are cases some of which broke out
in the last month discussed here (for example, ADEX, ORBKF and I am sure
there are others)
that would meet this criteria; it may require more research in selecting
such stocks
but could be done if one does not trade that often.
If you trade often, then the logic can change.
For constant risk-reward setting you can use Zoran's strategy of fixing
your
loss at 2% (or some such) of the capital in case the stop loss is hit by
reducing the
number of shares.
The next question is about reducing the profit target and this is a
tricky one;
it depends on what other shareholders are thinking based on the
developments going
on in the stock at that time, like
how much profit they are making, whether they are instituions/long term
holders etc.
IMO it would be best to not reduce your profit target initially but
adapt based
on the price-volume action.
Just my 2c.
- --
Disclaimer: Opinions expressed in this document are those of the author.
Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062
------------------------------
Date: Tue, 27 May 1997 18:29:28 -0400
From: rkhenry@naxs.com (Robert Henry)
Subject: RE: [CANSLIM] Need computer wizzard
On Saturday, May 24, 1997 7:09 PM, Brenda[SMTP:bks@lcc.net] wrote:
> Oh well,I'll await any suggestions. I'm going to go ahead and =
attach
>one of the pages to see if anybody can download it.
>James
My E-mail application failed to decode the MIME attachment automatically =
but I was able to decode the file and view it. I have Quattro Pro for =
Windows so loading it was no problem. Now the next trick is to figure =
out what it is I'm looking at.
Anybody else get it?
- --
Bob Henry
------------------------------
Date: Tue, 27 May 1997 15:42:06 -0700 (PDT)
From: Mike Artobello <marto@ccnet.com>
Subject: Re: [CANSLIM] Stop Loss & Profit Target Based on Pivot Point
On Tue, 27 May 1997, Mike Artobello wrote:
> I've been struggling with the 8% stop loss & 20% profit target. It appears
> to me to be based on the ideal pivot point. If that's the case does it
> make sense that you need to increase the stop loss % and decrease the
> profit target % by the % amount over the pivot point? For example, if you
> purchase a stock at 5% above the pivot point would you have a stop loss of
> 13% and a profit target of 15%? If so, would decreasing your investment by
> the same % equalize the risk/reward? For example if you had $1000 to
> invest and bought at 5% above the pivot, then decrease your investment to $950.
>
> Does any of this make sense or have I completely missed the point?
>
I just ran the numbers and for the above example, the investment should be
$615 and not $950 ($1000 x 8% = 80 ; 80 / 13% = 615). This would give you
the same risk as catching the stock at the ideal pivot point. However, the
profit target would be reduced from $200 at 20% of $1000 to $92.50 at 15%
of $615.
Regards,
Mike
____________________________
Mike Artobello (Concord, CA)
email: marto@ccnet.com
WWW: http://www.ccnet.com/~marto
------------------------------
Date: Tue, 27 May 1997 19:53:56 -0400
From: "Surindra J. Singh" <sjs7b@worldnet.att.net>
Subject: Re: [CANSLIM] Fw: Group Strength Ranking
I was checking on Daily Graphs this evening. It is updated after the
market close. May be they heard you James. Just for example, acrt is at
12.750, and that is where it closed. I have been watching acrt and
considering to buy since the earning report of April 30. Do you know why
it is sliding? DG rated this es 99, rs 99. Any comments?
Surindra
Brenda wrote:
>
> Info received back from Daily Graphs sent to you for your information.
> If
> this info is something that does not please you, notify them. I have.
> That's the only way they will know. I still see the $900 a year system
> as
> opposed to the $139 IBD paper a sad situation. $900 a year for
> something
> that will almost always be up to a week late with the info? Certainly
> could
> use the service if it were free to check out a few basic ideas but
> could
> certainly NEVER make an investment decision based on the outdated
> info,
> could you? You have to have this PLUS something ELSE to give you
> updated
> info. I just imagine for $900 a year I can probably find some real
> bang up
> services that will have up to date info. Thoughts?
> James
> ----------
> > From: Info <info@ms1.dailygraphs.com>
> > To: Brenda <bks@lcc.net>
> > Subject: Re: Group Strength Ranking
> > Date: Tuesday, May 27, 1997 4:08 PM
> >
> > James Taylor,
> >
> > As of each Friday at 5pm CST the only items updated for Daily Graphs
> are
> > price and volume. Currently, group relative strength, EPS, rel str,
> and
> acc
> > are only updated late Friday, ready for viewing on Saturday. Thus,
> IBD
> is
> > more current than Daily Graphs throughout the week. Hopefully this
> has
> > helped in your future use of Daily Graphs. Thank you for your
> comments
> and
> > we appreciate you using Daily Graphs.
> >
> > At 04:36 PM 5/23/97 -0500, you wrote:
> > >Dear Daily Graphs,
> > > I put out a newsletter each week. I use the closing prices of
> stocks
> > >at the close of business Friday. I have been using IBD to give me
> the
> most
> > >up to date information that I can find as of the close of business
> on
> > >Friday. I have been attempting to use Daily Graphs for some help.
> However,
> > >running into a few problems. Can you furnish me a list of what info
> is
> > >current as of Friday at say 5 PM CST?
> > > My latest discrepancy came when I was attempting to get Group
> Rel
> > >Strength for the list of stocks that I was/am grading. I can
> understand
> > >"some" fluctuations" but I find enough fluctuations to COMPLETELY
> keep a
> > >stock totally out of my ranking system using DG's info as opposed
> to the
> > >info I receive by snails mail from IBD delievered by my paper boy.
> Some
> > >examples are cited below and I will give you the name of the stock,
> what
> > >ranking my Friday May 23 IBD gave me for group, and then what DG's
> showed
> > >as of 4:30PM CST.
> > >DELL A 85
> > >DNEX D 26
> > >FULL A 82
> > >MOPO B 72
> > >PCAR B 77
> > >PROP B 67 (that much difference?)
> > >SEWY A 86
> > >SMFC A 80 (once again, that much difference?)
> > >USBC C 47
> > >WONE A 81 (a lot of difference here.)
> > >
> > >I just want to use the most current information. Is Daily Graphs
> far
> enough
> > >behind with it's info that it is basically of NO value in getting
> more
> > >current information than that I get via snail mail (at least a day
> late
> > >already) from my IBD delivered to my home? At what date are the
> following
> > >items as current as they get?
> > >EPS, REL, ACC, Grp Str, Timeliness, U/D ratio
> > >Is DG ever more current than the paper itself?
> > >Thank You for you help. I would hate to NOT make an investment
> because I
> > >had outdated and "now" incorrect info. Especially, if I am going to
> be
> > >paying almost $800 a year for the information. A little steep for
> outdated
> > >info wouldn't you think? Or maybe, DG is just intended to be a
> almanac
> to
> > >use to see where a stock was at some time in the past? Let me know.
> I
> WANT
> > >to be able to use DGs.
> > >Thanks!
> > >James Taylor
> > >Up, Up and A Way Editor/Owner
> > >
> > >----------
> > >> From: Info <info@ms1.dailygraphs.com>
> > >>
> > >
> >
------------------------------
Date: Tue, 27 May 1997 20:13:41 -0400 (EDT)
From: Zoran Mitrovski <zmitrov@ee.rochester.edu>
Subject: [CANSLIM] A quickie
Today,
Disk storage stocks SEG, QNTM, WDC and INVX may be rebounding.
INTC breaking out above the Feb high of 165.
That's what I could catch for the ten minutes I had.
Cheers,
Zoran
------------------------------
Date: Tue, 27 May 1997 17:18:57 -0800
From: "Mike Artobello" <marto@pop.ccnet.com>
Subject: Re: [CANSLIM] Need computer wizzard
Drew,
I tried reading the Excel file you sent with Excel 5.0 and got an
invalid format error.
Regards,
Mike
- -----------------------------------------------------------
Mike Artobello
marto@ccnet.com
http://www.ccnet.com/~marto/
- -----------------------------------------------------------
------------------------------
Date: Tue, 27 May 1997 21:38:51 -0700
From: Hemant Rotithor <rotithor@zko.dec.com>
Subject: Re: [CANSLIM] Need computer wizzard
> Brenda wrote:
> >
> > OK Group!
> Here's the problem. All of this info is on what most think is an
> > antiquated system. All of my work and files are done on quattro pro. Figure
> > out how I can send one of these files and the group be able to download it
> > and read it and I think it would give ALL something worthwhile and GOOD to
> > talk about.
My suggestion: covert it to a postscript file (should be possible if you
select
a postscript device as a printer and print it to a file), this will be
an ascii
file and can be easily attached in the mail so that it can avoid the
format problems
with different mail packages.
In addition, it can be printed on a printer as well.
- --
Disclaimer: Opinions expressed in this document are those of the author.
Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062
------------------------------
Date: 28 May 97 12:53:24
From: Dean Edwards <Dean_Edwards%STATISTICS_NZ@stats.govt.nz>
Subject: Re: [CANSLIM] Need computer wizzard
Same here with EXCEL 5.0. Can't open it. Do you think you could convert the
file as a text (txt) file? A straight cut and paste from the spreadsheet.
Mail Document
To: canslim @ mail.xmission.com @ INTERNET
cc:
From: marto @ pop.ccnet.com ("Mike Artobello") @ INTERNET @
CSERVE@STATISTICSNZEXTERNAL
Date: 28/05/97 09:18 AM
Subject: Re: [CANSLIM] Need computer wizzard
__________________________________________________________________________________
Drew,
I tried reading the Excel file you sent with Excel 5.0 and got an
invalid format error.
Regards,
Mike
- -----------------------------------------------------------
Mike Artobello
marto@ccnet.com
http://www.ccnet.com/~marto/
- -----------------------------------------------------------
__________________________________________________________________________________
------------------------------
Date: Tue, 27 May 1997 19:02:35 -0700
From: "John Iding" <jfinet@crl.com>
Subject: Re: [CANSLIM] Need computer wizzard
Drew .... file would not open with W95 Excel ... what version of Excel are
you using? and doesn't Quatro Pro have conversion capability to other
formats?
- ----------
> From: Drew Davis <drew@hutchinson-ifrah.com>
> To: canslim@mail.xmission.com
> Subject: Re: [CANSLIM] Need computer wizzard
> Date: Tuesday, May 27, 1997 2:44 PM
>
> Brenda wrote:
> >
> > OK Group!
> > I'm willing to send you all something. As you know I have a sort
of
> > "funny way" of picking stocks. Right now I have a list of about 66
stocks
> > going into Monday on my current wall chart. All have been graded. I
have
> > the top 30 listed in order. Where they are will show the grades given
to
> > each stock and even it's current price. I have lots more of sheets
showing
> > different things on each of these stocks. One page has the closing
prices
> > for each of these stocks on the first Friday of each Month. Another
page
> > has the closing price on each Friday for each of these for "a long time
> > back". Another page has the closing DAILY prices on each for the last 3
> > weeks. Here's the problem. All of this info is on what most think is an
> > antiquated system. All of my work and files are done on quattro pro.
Figure
> > out how I can send one of these files and the group be able to download
it
> > and read it and I think it would give ALL something worthwhile and GOOD
to
> > talk about. I have two hardcopies of the info left which could be snail
> > mailed but I would prefer if the "group" could see the info and then
let's
> > discuss it's merit, shortcomings, etc. I would bet that this group is
smart
> > enough that what I have could be improved upon. We might even decide to
> > divide some of it up or who knows. I've just seen some of the
intelligence
> > here via various modes and yet I see most of us struggling on our own.
As a
> > group no telling what we could do. Just look at what two "fools" did
with
> > IOMG.
> > Oh well,I'll await any suggestions. I'm going to go ahead and
attach
> > one of the pages to see if anybody can download it.
> > James
> > This attachment is just the first page of my newsletter this week. If
this
> > works I will copy the entire list of stocks and it would be a much
better
> > point of discussion.
> >
> > ]
> >
> > ---------------------------------------------------------------
> >
> > Name: Pg1may26.wb1
> > Type: unspecified type
> > Part 1.2 (application/octet-stream)
> > Encoding: base64
> > Description: Pg1may26 (Quattro Pro Notebook)
>
> This file can be converted using Excel. If you send it my way I will
> convert it and post it for distribution. I am attaching what was given
>
------------------------------
Date: Tue, 27 May 1997 22:07:37 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] Economic Calendar, week of 5/27
Today
Consumer Confidence - expected 117.5 vs 116.8 last month, got 127.1
which is why bonds tanked
Existing home sales - expected 4.1 mil, got 4.06 mil, last month
4.11
Wednesday
Durable goods - expected up 1%, last mont down 2.6%
Thursday
Initial Jobless claims - expected 323K, last report 322K
Money supply (M2) - expected up $2.5 bil, last report down $2.3 bil
Friday
Revised Q1 GDP - was up 5.6%, revision to 6.0% expected
New Home sales - expected is 793K, last month was 813K
tom w
Any statements or opinions are strictly my own and not that of my
employer. My comments should not be intrepreted as a recommendation
of any kind. I am a licensed (inactive) broker and an active
investor. All investors should do their own research prior to any
investment, especially one learned about on the Internet.
------------------------------
Date: Tue, 27 May 1997 19:12:09 -0700
From: "John Iding" <jfinet@crl.com>
Subject: [CANSLIM] Stops on Semi-Canslim Stocks?
Promised myself never to buy small cap stock without having stop at least
mentally in place ... based on BORL and ATCT history ... however ... with
portfolio anchors INTC, MSFT and CSCO ... which may or may not be Canslim
stocks ... if you owned them now ... as I do ... would you place stop loss
limits for each of them ... or do they play out in the hold long term and
forget category ... thanks
------------------------------
Date: Tue, 27 May 1997 22:29:21 -0700
From: Sam Funchess <coach@spyder.net>
Subject: [CANSLIM] Quatro pro
If you don't have quatro pro and don't mind spending 39 bucks, stop by
any university book store. They sell Word Perfect Suite 7 for 39
dollars. Not a bad price compared to the store. The only draw back is
that you don't get any of the books with it, so you need a basic
understanding of the product.
Sam
coach@spyder.net
------------------------------
Date: Tue, 27 May 1997 22:49:24 -0700
From: Sam Funchess <coach@spyder.net>
Subject: Re: [CANSLIM] Stops on Semi-Canslim Stocks?
John Iding wrote:
>
> Promised myself never to buy small cap stock without having stop at least
> mentally in place ... based on BORL and ATCT history ... however ... with
> portfolio anchors INTC, MSFT and CSCO ... which may or may not be Canslim
> stocks ... if you owned them now ... as I do ... would you place stop loss
> limits for each of them ... or do they play out in the hold long term and
> forget category ... thanks
My under standing of CS is that you never play a stock long term and
forget category. If I am wrong I am sure you will get an immediate
responce.
Sam
coach@spyder.net
------------------------------
Date: Tue, 27 May 1997 23:29:17 -0700
From: Sam Funchess <coach@spyder.net>
Subject: [CANSLIM] From the newbie(sp?)
What do you guys think of the chart pattern of J P M company (jpmx)? It
looks to me as they are creating another base upon which to jump from.
The only question is up or down. What do you think? Also I was informed
not to make any fast or rash decisions, but if I see a stock make a
paticular pattern should I not jump on it as quick as possible? All the
help that has been given has been greatly appreciated.
Sam
coach@spyder.net
------------------------------
Date: Wed, 28 May 1997 10:17:17 GMT+7
From: Peter Christiansen <peterc@loxinfo.co.th>
Subject: Re: [CANSLIM] Stops on Semi-Canslim Stocks?
** Reply to note from "John Iding" <jfinet@crl.com> Tue, 27 May 1997 19:12:09 -0700
> INTC, MSFT and CSCO ... which may or may not be Canslim
> stocks ... if you owned them now ... as I do ... would you place stop loss
> limits for each of them ... or do they play out in the hold long term and
> forget category ... thanks
I think you would have to be crazy to own ANY stock without some kind of exit strategy.
Even the "best" stocks can head south in a nasty way. History is full of examples. In my
opinion, every stock is bad and must be watched very carefully. "Hold long term and
forget category" is NOT in my vocabulary.
Peter Christiansen
Bangkok, Thailand
Connected with OS/2 Warp 3.0 & The Post Road Mailer
_____________________________________________________________________________________
All life's answers are on TV. - Bart Simpson
------------------------------
Date: Tue, 27 May 1997 21:00:41 -0800
From: "Mike Artobello" <marto@pop.ccnet.com>
Subject: [CANSLIM] Managing Multiple Portfolios
I have a question about managing multiple portfolios. I have 3
accounts, my IRA, my wife's IRA, and my daughter's college fund. Is
it better to invest in the same stocks across all portfolios or
select different stocks for each portfolio. I'd hate to have my wife
ask why my account is doing better than hers, if you know what I
mean :-)
Regards,
Mike
- -----------------------------------------------------------
Mike Artobello
marto@ccnet.com
http://www.ccnet.com/~marto/
- -----------------------------------------------------------
------------------------------
Date: Wed, 28 May 1997 01:08:16 -0400 (EDT)
From: Dbphoenix@aol.com
Subject: Re: [CANSLIM] From the newbie(sp?)
In a message dated 97-05-28 00:10:21 EDT, you write:
<< What do you guys think of the chart pattern of J P M company (jpmx)? It
looks to me as they are creating another base upon which to jump from.
The only question is up or down. What do you think? Also I was informed
not to make any fast or rash decisions, but if I see a stock make a
paticular pattern should I not jump on it as quick as possible? All the
help that has been given has been greatly appreciated.
Sam
coach@spyder.net >>
At the risk of sounding patronizing, you may no mention of what else attracts
you to this stock. If it's something other than the chart pattern, my
apologies. If it's the chart pattern only, there's more work to be done.
If the earnings are what they should be, if the relative strength is what it
should be, if the float and so forth are what they should be, then yes this
is a constructive pattern. Whether you should buy here depends on the volume
and whether you are disciplined enough to set a fairly tight stop and stick
to it.
(As far as the volume goes, if the price is rising, so should the volume. If
the price is rising and the volume declining, you may be in trouble.)
There's nothing wrong with a fast decision as long as it's cold, unemotional,
and disciplined. And as long as you're prepared to bail if and when it
becomes clear that conditions are not, after all, in your favor. It is when
we are most sure of what we are doing that we are most likely to screw up big
time.
- ------Db
------------------------------
Date: Wed, 28 May 1997 01:15:12 -0400 (EDT)
From: Dbphoenix@aol.com
Subject: Re: [CANSLIM] Managing Multiple Portfolios
In a message dated 97-05-28 00:56:56 EDT, you write:
<< I have a question about managing multiple portfolios. I have 3
accounts, my IRA, my wife's IRA, and my daughter's college fund. Is
it better to invest in the same stocks across all portfolios or
select different stocks for each portfolio. I'd hate to have my wife
ask why my account is doing better than hers, if you know what I
mean :-)
Regards,
Mike >>
Depends on the goals of each portfolio and how old you are. If you have
loads of time, perhaps you can be more aggressive. If the IRAs represent
your retirement money, perhaps you want to be more conservative with that
than with the college fund. But there's little point in having the same
stocks in each portfolio.
In any case, we're all strangers to you as you are to us. I hope that at
some point you'll be seeking competent financial guidance from someone who
actually knows you or at least can talk to you face-to-face.
- ------Db
------------------------------
Date: Tue, 27 May 1997 22:38:20 -0500
From: Luke Lang <lang@inow.com>
Subject: Re: [CANSLIM] Managing Multiple Portfolios
Mike,
I treat all of my portfolios together as one big account - MY
MONEY! If you buy the same in all accounts and still want to
diversify, then you pay three times the commission. Your broker
will love you but think you are a fool nevertheless. Your wife
should understand that there is no guarantee in the stock market
and that you don't go out purposely to lose money. If she is not
happy with what your are doing, then you can let her manage it
or put it in a mutual fund. Believe me, it's no fun having your
wife second guess every move you make, especially when your are
losing money. And all of the brilliant investments that you have
ever done are totally nullified with one single fiasco. This
doesn't help the relationship and no (reasonable?) amount of
return is worth it. My life is much better now that my wife
manages her own account. We are truely partners now in sharing
research, news, thoughts, etc. But ultimately, we are each
responsible for our own trade. There is a lot more support
when things are down because we both know this game isn't easy.
I think this will be a life-long hobby that we can both share,
enjoy, and hopefully profit from.
Good luck to you.
Luke Lang
Mike Artobello wrote:
>
> I have a question about managing multiple portfolios. I have 3
> accounts, my IRA, my wife's IRA, and my daughter's college fund. Is
> it better to invest in the same stocks across all portfolios or
> select different stocks for each portfolio. I'd hate to have my wife
> ask why my account is doing better than hers, if you know what I
> mean :-)
>
> Regards,
>
> Mike
> -----------------------------------------------------------
> Mike Artobello
> marto@ccnet.com
> http://www.ccnet.com/~marto/
> -----------------------------------------------------------
------------------------------
Date: Tue, 27 May 1997 23:17:40 -0800
From: pwahl@postoffice.worldnet.att.net
Subject: Re: [CANSLIM] Stops on Semi-Canslim Stocks?
> From: Sam Funchess <coach@spyder.net>
> My under standing of CS is that you never play a stock long term and
I think you will find a lot of different points of veiw on this one,
but personally I think you let the stock determine how long you are
in, along with your own investment style. If a stock/company is
doing well, I don't know why you shouldn't hold it for several
years. I heard second hand that W. O'Neil held Price Club for
something like 7 years.
------------------------------
Date: Wed, 28 May 1997 04:37:48 -0800
From: "Mike Artobello" <marto@pop.ccnet.com>
Subject: Re: [CANSLIM] Managing Multiple Portfolios
Luke Lang wrote:
> Mike,
>
> I treat all of my portfolios together as one big account - MY
> MONEY! If you buy the same in all accounts and still want to
> diversify, then you pay three times the commission. Your broker
> will love you but think you are a fool nevertheless.....
Luke,
Thanks for the response. I didn't think about the commissions,
good point. Makes more sense to chose different stocks for each to
save on commission costs.
Regards,
Mike
- -----------------------------------------------------------
Mike Artobello
marto@ccnet.com
http://www.ccnet.com/~marto/
- -----------------------------------------------------------
------------------------------
Date: Wed, 28 May 1997 04:41:59 -0600
From: "Charles A. Wilmot" <cwilmot@azstarnet.com>
Subject: Re: [CANSLIM] Need computer wizzard
Drew,
When I attempt to convert the Eudora attachment I get the following error
message: "Brenda.xls:file is not valid". Any suggestions? I'm using
Excel 7 but I also have access to Quattro Pro 5.0.
Chuck Wilmot
At 04:44 PM 5/27/97 -0500, you wrote:
>Brenda wrote:
>>
>> OK Group!
>> I'm willing to send you all something. As you know I have a sort of
>> "funny way" of picking stocks. Right now I have a list of about 66 stocks
>> going into Monday on my current wall chart. All have been graded. I have
>> the top 30 listed in order. Where they are will show the grades given to
>> each stock and even it's current price. I have lots more of sheets showing
>> different things on each of these stocks. One page has the closing prices
>> for each of these stocks on the first Friday of each Month. Another page
>> has the closing price on each Friday for each of these for "a long time
>> back". Another page has the closing DAILY prices on each for the last 3
>> weeks. Here's the problem. All of this info is on what most think is an
>> antiquated system. All of my work and files are done on quattro pro. Figure
>> out how I can send one of these files and the group be able to download it
>> and read it and I think it would give ALL something worthwhile and GOOD to
>> talk about. I have two hardcopies of the info left which could be snail
>> mailed but I would prefer if the "group" could see the info and then let's
>> discuss it's merit, shortcomings, etc. I would bet that this group is smart
>> enough that what I have could be improved upon. We might even decide to
>> divide some of it up or who knows. I've just seen some of the intelligence
>> here via various modes and yet I see most of us struggling on our own. As a
>> group no telling what we could do. Just look at what two "fools" did with
>> IOMG.
>> Oh well,I'll await any suggestions. I'm going to go ahead and attach
>> one of the pages to see if anybody can download it.
>> James
>> This attachment is just the first page of my newsletter this week. If this
>> works I will copy the entire list of stocks and it would be a much better
>> point of discussion.
>>
>> ]
>>
>> ---------------------------------------------------------------
>>
>> Name: Pg1may26.wb1
>> Type: unspecified type
>> Part 1.2 (application/octet-stream)
>> Encoding: base64
>> Description: Pg1may26 (Quattro Pro Notebook)
>
>This file can be converted using Excel. If you send it my way I will
>convert it and post it for distribution. I am attaching what was given
>
>Attachment Converted: "C:\EUDORA\ATTACH\Brenda.xls"
>
Charles A. Wilmot
cwilmot@azstarnet.com
------------------------------
Date: Wed, 28 May 1997 07:57:26 -0400 (EDT)
From: PPNewell@aol.com
Subject: Re: [CANSLIM] JPMX? From the newbie(sp?)
JPMX is extended from the base by 50% so it would not be considered a buy via
strict canslim, it does seem to have formed an intermediate base and poised
upwards, I would consider this an aggressive trade(mkt conditions help this)
with a stop at $28 and I would try to buy in at $29 if possible. This stock
has good fundamentals. This might be a candidate for a lite position, not
sure of you situation. Otherwise, I would wait for a good breakout. This is
an excellent example of a cup and handle pattern with a breakout below the
new high. So is INVX.
Peter Newell
------------------------------
Date: Wed, 28 May 1997 07:59:55 -0400 (EDT)
From: PPNewell@aol.com
Subject: Re: [CANSLIM] Managing Multiple Portfolios
In a message dated 97-05-28 00:56:56 EDT, you write:
<< I'd hate to have my wife
ask why my account is doing better than hers, if you know what I
mean :-) >>
I'd put the winners in my wife's account :)
Peter Newell
------------------------------
Date: Wed, 28 May 1997 08:50:13 -0400
From: "Barry Marx" <bmarx@intrex.net>
Subject: Re: [CANSLIM] Need computer wizzard
This is a multi-part message in MIME format.
- ------=_NextPart_000_01BC6B44.28577660
Content-Type: text/plain; charset=ISO-8859-1
Content-Transfer-Encoding: 7bit
OK -
I've been lurking for about a month now, and couldn't resist trying to
solve a
computer problem.
I have Quattro Pro (for Windows 3.1), running under
Win 95, so clicking on the attachment opened up a Quattro Pro window
nicely.
I cut and pasted the info into a text file and inserted it below. It
viewed fairly
well under WordPad, although the tab spacing didn't come up right. I'll
also send the text file as an attachment, in case that is more easily
viewable
for some people.
Since I'm "out of the closet" now, I guess I'll have to give an intro, but
I'll
have to save a more complete one for later -- I've got to get to work right
now.
My name is Barry, and I teach Computer Engineering Technology
at a local community college.
- ----------------------------------------------------------------------------
- ---------------------------------------
May 26th, 1997 Issue 48 Page 1
Wall Chart Stocks Grading Out 92 or Higher As Of May 23, 1997
Co. Name Industry Symbol % Long Short Avg Price
(Stocks By System Numerical Ranking) MGT EPS REL ACC GRP GRF GRF Score
05/23
0
1 Dell Computer Corp BusDatPr-Computers DELL 17 99 99 95 95 95 98 98.5
$107.25
2 Unitrode Corp Elec Equip Mfg UTR 91 97 95 98 95 98 98.0 $47.13
3 Orbotech LTD BDP-Computers ORBKF 97 98 95 97 93 96 97.9 $27.91
4 ASM Lithography Heavy Machinery ASMLF x 90 99 95 97 93 94 97.3 $55.00
5 Energy Ventures Inc. Oil Field Services EVI 11 94 98 95 91 93 93 96.3
$37.38
6 Smithfield Foods Food SFDS 31 87 97 95 91 93 95 95.8 $56.63
7 ASE Test Limited Elec Equip Mfg ASTSF 2 72 99 95 98 93 92 95.7 $40.25
8 Burr-Brown CP Elec Equip Mfg BBRC 40 66 98 95 98 94 96 95.7 $32.81
9 Sho-Me Financial Banking-W.N. Central SMFC 5 94 96 95 90 92 90 95.3
$33.63
10 SPX Corp Automotive SPW 5 76 98 95 89 95 96 95.2 $60.75
11 Raymond Corp Heavy Machinery RAYM 21 79 96 95 90 93 98 95.2 $32.00
12 Timken Co Machine Tools/Access TKR 94 94 95 78 99 99 95.2 $66.38
13 Reliability Inc. Prec Elec Inst REAL 60 99 95 97 90 97 94.6 $15.25
14 ProAuction Operators Oil, Nat Gas PROP 81 96 95 85 95 95 94.5 $66.00
15 Applied Materials Elect Equip Mfg AMAT 1 54 98 95 97 92 96 94.2 $68.50
16 Banco De Santander Banking-Mid Atlantic STD 52 96 95 94 95 98 93.9
$85.63
17 Westwood One Broadcasting WONE 66 94 95 95 88 98 93.8 $26.50
18 Queens Cty Bancorp Banking-Mid Atlantic QCSB 12 90 93 95 90 88 90 93.8
$41.50
19 Seaway Food Retail Food Store SEWY 48 90 97 85 92 88 93 93.5 $19.75
20 Stratus Comp BDP - Computers SRA 69 97 95 85 93 95 93.3 $44.75
21 Centennial Bancorp Banking-Pacific States CEBC 91 93 85 93 90 92 93.3
$19.25
22 Teradyne Inc. Prec Elec Instr TER 42 98 95 97 92 96 93.2 $43.38
23 Universal Health Srv Health-inst Srvcs UHS x 91 90 85 93 92 92 93.1
$39.75
24 Assisted Living Conce Health-Inst Srvcs alf 74 93 95 97 86 88 93.0
$25.25
25 Micro Linear Corp Elec Equip Mfg MLIN 44 99 95 98 88 95 92.9 $18.50
26 Altera Elec Equip Mfg ALTR 6 79 97 85 98 95 78 92.8 $51.38
27 Paccar Inc Automotive PCAR 82 93 95 85 88 93 92.6 $43.25
28 Airborne Freight Corp Air Freight ABF 82 93 95 77 93 95 92.4 $36.25
29 Bankers Corp Savings & Loan BKCO 24 81 83 95 90 93 92 92.4 $25.63
30 Computer Learning Ctr Personal Educ Srvcs CLCX 91 98 85 90 85 88 92.3
$30.00
31 Mail-Well Inc. Paper Packaging MWL 18 93 99 95 61 95 96 92.1 $31.38
Stocks Not Making Overall Grade of 92 But with High "RECENT" Graph Grades !
Carmike Cinemas CL A Recreation-Theaters CKE 91 90 95 58 88 99 89.1
$35.00
Triarc Co. Textile-Weaving TRY 28 15 98 95 84 95 98 89.5 $23.00
AFLAC Inc. Insurance AFL 72 88 95 54 93 98 87.3 $50.00
Telefonica De Espana Communications TEF 55 94 95 52 93 98 86.5 $90.75
U. S. Bancorp One Banking-Pacific States USBC 62 94 85 47 93 98 84.6
$62.00
Cognitronics Corp Communications cgn 68 99 95 36 86 97 84.5 $8.94
Medical Resources Health-Med Instruments MRII 33 95 95 88 86 97 89.5
$14.13
- ------=_NextPart_000_01BC6B44.28577660
Content-Type: application/octet-stream; name="Qpw_file.txt"
Content-Transfer-Encoding: quoted-printable
Content-Description: Qpw_file.txt (Text Document)
Content-Disposition: attachment; filename="Qpw_file.txt"
=09
=09
=09
=09
=09
=09
May 26th, 1997 Issue 48 Page 1 =09
=09
Wall Chart Stocks Grading Out 92 or Higher As Of May 23, 1997 =
=09
Co. Name Industry Symbol % Long Short Avg Price
(Stocks By System Numerical Ranking) MGT EPS REL ACC GRP GRF GRF =
Score 05/23
0 =09
1 Dell Computer Corp BusDatPr-Computers DELL 17 99 99 95 95 95 98 98.5 =
$107.25
2 Unitrode Corp Elec Equip Mfg UTR 91 97 95 98 95 98 98.0 $47.13
3 Orbotech LTD BDP-Computers ORBKF 97 98 95 97 93 96 97.9 $27.91
4 ASM Lithography Heavy Machinery ASMLF x 90 99 95 97 93 94 97.3 $55.00
5 Energy Ventures Inc. Oil Field Services EVI 11 94 98 95 91 93 93 96.3 =
$37.38
6 Smithfield Foods Food SFDS 31 87 97 95 91 93 95 95.8 $56.63
7 ASE Test Limited Elec Equip Mfg ASTSF 2 72 99 95 98 93 92 95.7 $40.25
8 Burr-Brown CP Elec Equip Mfg BBRC 40 66 98 95 98 94 96 95.7 $32.81
9 Sho-Me Financial Banking-W.N. Central SMFC 5 94 96 95 90 92 90 95.3 =
$33.63
10 SPX Corp Automotive SPW 5 76 98 95 89 95 96 95.2 $60.75
11 Raymond Corp Heavy Machinery RAYM 21 79 96 95 90 93 98 95.2 $32.00
12 Timken Co Machine Tools/Access TKR 94 94 95 78 99 99 95.2 $66.38
13 Reliability Inc. Prec Elec Inst REAL 60 99 95 97 90 97 94.6 $15.25
14 ProAuction Operators Oil, Nat Gas PROP 81 96 95 85 95 95 94.5 $66.00
15 Applied Materials Elect Equip Mfg AMAT 1 54 98 95 97 92 96 94.2 =
$68.50
16 Banco De Santander Banking-Mid Atlantic STD 52 96 95 94 95 98 93.9 =
$85.63
17 Westwood One Broadcasting WONE 66 94 95 95 88 98 93.8 $26.50
18 Queens Cty Bancorp Banking-Mid Atlantic QCSB 12 90 93 95 90 88 90 =
93.8 $41.50
19 Seaway Food Retail Food Store SEWY 48 90 97 85 92 88 93 93.5 $19.75
20 Stratus Comp BDP - Computers SRA 69 97 95 85 93 95 93.3 $44.75
21 Centennial Bancorp Banking-Pacific States CEBC 91 93 85 93 90 92 =
93.3 $19.25
22 Teradyne Inc. Prec Elec Instr TER 42 98 95 97 92 96 93.2 $43.38
23 Universal Health Srv Health-inst Srvcs UHS x 91 90 85 93 92 92 93.1 =
$39.75
24 Assisted Living Conce Health-Inst Srvcs alf 74 93 95 97 86 88 93.0 =
$25.25
25 Micro Linear Corp Elec Equip Mfg MLIN 44 99 95 98 88 95 92.9 $18.50
26 Altera Elec Equip Mfg ALTR 6 79 97 85 98 95 78 92.8 $51.38
27 Paccar Inc Automotive PCAR 82 93 95 85 88 93 92.6 $43.25
28 Airborne Freight Corp Air Freight ABF 82 93 95 77 93 95 92.4 $36.25
29 Bankers Corp Savings & Loan BKCO 24 81 83 95 90 93 92 92.4 $25.63
30 Computer Learning Ctr Personal Educ Srvcs CLCX 91 98 85 90 85 88 =
92.3 $30.00
31 Mail-Well Inc. Paper Packaging MWL 18 93 99 95 61 95 96 92.1 $31.38
Stocks Not Making Overall Grade of 92 But with High "RECENT" Graph =
Grades ! =09
Carmike Cinemas CL A Recreation-Theaters CKE 91 90 95 58 88 99 89.1 =
$35.00
Triarc Co. Textile-Weaving TRY 28 15 98 95 84 95 98 89.5 $23.00
AFLAC Inc. Insurance AFL 72 88 95 54 93 98 87.3 $50.00
Telefonica De Espana Communications TEF 55 94 95 52 93 98 86.5 $90.75
U. S. Bancorp One Banking-Pacific States USBC 62 94 85 47 93 98 84.6 =
$62.00
Cognitronics Corp Communications cgn 68 99 95 36 86 97 84.5 $8.94
Medical Resources Health-Med Instruments MRII 33 95 95 88 86 97 89.5 =
$14.13
- ------=_NextPart_000_01BC6B44.28577660--
------------------------------
End of canslim Digest V1 #187
*****************************
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