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From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #303 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Sunday, September 28 1997 Volume 01 : Number 303 In this issue: [CANSLIM] ACTC breakout? [CANSLIM] MSON restated earnings for Q4 Re: [CANSLIM] ACTC breakout?/CAML Re: [CANSLIM] ACTC breakout? Re: [CANSLIM] ACTC breakout?/CAML Re: [CANSLIM] MSON restated earnings for Q4 Re: [CANSLIM] MSON restated earnings for Q4 Re: [CANSLIM] Re. WHY? WHY? WHY? [CANSLIM] Short interest Re: [CANSLIM] Re. WHY? WHY? WHY? Re: [CANSLIM] Short interest Re: [CANSLIM] Re: ACRT Re: [CANSLIM] Re. WHY? WHY? WHY? Re: [CANSLIM] Short interest Re: [CANSLIM] SCOR Re: [CANSLIM] SCOR [CANSLIM] Re: JBIL & REAL [CANSLIM] Newcomer Re: [CANSLIM] Newcomer Re: [CANSLIM] MSON restated earnings for Q4 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: Sat, 27 Sep 1997 12:53:21 -0500 From: "Gess Shankar" <gess@earthchannel.com> Subject: [CANSLIM] ACTC breakout? Applied Cellular (NASDAQ: ACTC.) put on some 10% on increased volume (3 x ADV). I want to do some calmer trading... even "investing" for a change. I am wondering if I can buy some on Monday. Is the stock extended or does it have some more steam? Any opinions appreciated. Gess PS: Some daytrading comments prompted by a previous post referring to the Motley Fool site for the PEG information: I participated in Camelot (CAML) orgy (+200% in a couple of days). I I took profit for most of my purchases, but held some. Motley Fool soundly trashed the stock on Thursday after close and Friday saw CAML gap down and never recover. Apparently the AOL version of the Fool is widely followed. Trading in CAML was halted at 3:30 pm Friday and never resumed. No statements and no news. Hopefully something will break on Monday. But a good number of traders are in tense suspense. Is there no obligation by the company, the market maker or the exchange to offer an explanation? CAML has a weird past, not at all an investor grade stock, but this has become too weird even for me. :-) Fortunately XYBR came along to add some excitement. Some of you with a speculative bent may want to look at XYBR. I expect it to gap up on Monday. Sorry for the diversion. GS ------------------------------ Date: Sat, 27 Sep 1997 12:48:33 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: [CANSLIM] MSON restated earnings for Q4 Well, looks like Ricardo is exactly correct. Finally downloaded and saved the news release from PointCast (would have attached it but haven't figured out yet how to do that, I still have amazing gaps in my internet and computer literacy!). In fact, the way the release reads, they are reporting results for Q4 (which ended June 30) based on the nr of shares that will exist in October once they do a 3:2 split which wasn't even announced until September! This is a first for me, talk about fully diluted, conservative reporting! Gotta check this with an accountant, I think they are going overboard. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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. Hopefully my comments will better inform and educate all investors. tom w ------------------------------ Date: Sat, 27 Sep 1997 13:08:20 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] ACTC breakout?/CAML I have been talking up ACTC since 7, unfortunately didn't have the buying power for my acct at the time. At least did get some of my brokers into it in the low 7 range, while I kept waiting for it to pull back a little, or for one of my other stocks to spike to a sell point. I am still hoping, even tho it is now rather extended. On the other hand, these small caps with great CS nrs just aren't pulling back and giving new entry points from what I can see. All the CS nrs still are real strong, and PE is still quite low. If it were to start consolidating here, then I would wait for another volume signal, which is what I have been using on it (set my limit at 400K, hit it right at the closing bell on Wed, at about 2PM on Thu, and by noon on Friday, for the fifth straight day of increasing vol). On CAML (Camelot), if you caught my comments at misc.invest.stocks, then you already know my opinion, but for those that missed it, here goes. For a periodically hyped, touted and manipulated stock, this past week was still extraordinary. From $2/share to over $13 in one week, right after a 40:1 reverse split, all because they announce that they "plan" to talk to some computer mfrs about the "possibility" of including their technology in PCs to be built in 1998! Note: no firm contract, no upfront licensing fees yet set, no production nrs agreed to as a minimum, no existing serious revenues just losses, and no proof of the efficacy of their product over many competitors other than the cos claims, both for internet telephone and videoconferencing. I guess my real surprise is that Motley Fool actually encouraged its followers to take profits rather than buy more at highly inflated prices (you can judge my opinion of MF from this). Could it be that some of my public comments scared them?? Nah, I'm not that well known. Still, this stock is seriously overinflated with no realistic, proven fundamentals as of yet. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Gess Shankar <gess@earthchannel.com> > To: canslim@mail.xmission.com > Subject: [CANSLIM] ACTC breakout? > Date: Saturday, September 27, 1997 1:53 PM > > Applied Cellular (NASDAQ: ACTC.) put on some 10% on increased volume > (3 x ADV). I want to do some calmer trading... even "investing" for a > change. I am wondering if I can buy some on Monday. Is the stock > extended or does it have some more steam? Any opinions appreciated. > > Gess > PS: Some daytrading comments prompted by a previous post > referring to the Motley Fool site for the PEG information: > > I participated in Camelot (CAML) orgy (+200% in a couple of days). I > I took profit for most of my purchases, but held some. Motley Fool > soundly trashed the stock on Thursday after close and Friday saw CAML > gap down and never recover. Apparently the AOL version of the Fool is > widely followed. Trading in CAML was halted at 3:30 pm Friday and > never resumed. No statements and no news. Hopefully something will > break on Monday. But a good number of traders are in tense suspense. > Is there no obligation by the company, the market maker or the > exchange to offer an explanation? CAML has a weird past, not at all > an investor grade stock, but this has become too weird even for me. > :-) > > Fortunately XYBR came along to add some excitement. Some of you with > a speculative bent may want to look at XYBR. I expect it to gap up on > Monday. > > Sorry for the diversion. > GS ------------------------------ Date: Sat, 27 Sep 1997 10:55:31 -0700 From: Tim Fisher <tfish@spiritone.com> Subject: Re: [CANSLIM] ACTC breakout? At 12:53 PM 9/27/97 -0500, you wrote: >Applied Cellular (NASDAQ: ACTC.) put on some 10% on increased volume >(3 x ADV). I want to do some calmer trading... even "investing" for a >change. I am wondering if I can buy some on Monday. Is the stock >extended or does it have some more steam? Any opinions appreciated. > FWIW below is a rather long-winded analysis from VectorVest. I cut out their explanatory language to save bandwidth. Looks pretty good to me. A little cheap for CANSLIM. BTW their %VOL shows 167% ADV instead of 300%. Stock Analysis of Applied Cellur ACTC is traded on the NASDAQ. PRICE: ACTC closed on 25-Sep-1997 at $7.60 per share. VALUE: ACTC has a Value of $9.40 per share. RV (Relative Value): ACTC has an RV of 1.45. On a scale of 0.00 to 2.00, an RV of 1.45 is excellent. RS (Relative Safety): ACTC has an RS rating of 0.79. On a scale of 0.00 to 2.00, an RS of 0.79 is poor. RT (Relative Timing): ACTC has an RT rating of 1.70. On a scale of 0.00 to 2.00, an RT of 1.70 is excellent. VST-Vector (VST): ACTC has a VST-Vector rating of 1.38. On a scale of 0.00 to 2.00, an VST of 1.38 is excellent. GRT (Growth Rate): ACTC has a GRT of 36 % per year. This is excellent. Recommendation (REC): ACTC has a Buy recommendation. STOP-PRICE: ACTC has a Stop-Price of $6.20 per share. This is $1.40 or 18.4% below its current closing Price. EY (Earnings Yield): ACTC has an EY of 4.27%. This is below the current market average of 4.82%. EPS (Earnings Per Share): ACTC has an EPS of $0.32 per share. P/E (Price to Earnings Ratio): ACTC has a P/E ratio of 23.41. GPE (Growth to P/E Ratio): ACTC has a GPE of 1.54. This ratio suggests that This ratio suggests that ACTC is undervalued. % VOL: ACTC had a Volume change of 67.2% from its 50 day moving average volume. OPEN: ACTC opened trading at $7.20 per share on 25-Sep-1997. HIGH: ACTC traded at a high of $7.70 per share on 25-Sep-1997. LOW: ACTC traded at a low of $7.10 per share on 25-Sep-1997. CLOSE: ACTC Closed trading at $7.60 per share on 25-Sep-1997. % PRC: ACTC showed a Price change of 7.0% from the prior day's closing price. INDUSTRY: ACTC has been assigned to the Computer (Services) Group. VectorVest classifies stocks into over 190 Industry Groups and 50 Business Sectors. ACTC has well below average safety with well above average upside potential. It reflects a stock which is likely to give well above average, inconsistent returns over the long term. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------ Date: Sat, 27 Sep 1997 17:03:38 -0500 From: "Gess Shankar" <gess@earthchannel.com> Subject: Re: [CANSLIM] ACTC breakout?/CAML On 27 Sep 97 at 13:08, Tom Worley wrote: > On the > other hand, these small caps with great CS nrs just aren't pulling > back and giving new entry points from what I can see. All the CS nrs > still are real strong, and PE is still quite low. If it were to > start consolidating here, then I would wait for another volume > signal, which is what I have been using on it (set my limit at 400K, > hit it right at the closing bell on Wed, at about 2PM on Thu, and by > noon on Friday, for the fifth straight day of increasing vol). > Good input. I also thought I would see a dip, but after a short period of sideways trading, it is moving north. May be still money is moving to small caps. > I guess my real surprise is that Motley Fool actually encouraged its > followers to take profits rather than buy more at highly inflated > prices (you can judge my opinion of MF from this). Could it be that > some of my public comments scared them?? Nah, I'm not that well > known. Still, this stock is seriously overinflated with no > realistic, proven fundamentals as of yet. > I missed your m.i.s. posting, but it is not a newsgroup I read avidly. Motley Fool comments pretty much were similar to yours, as you well know. Basically they wondered about the power of a simple press release (and I about their power to deflate this stock with a simple article). Basically the technology is reworked "Digiphone" with some video thrown in. Based on their track record, I doubt any serious OEM contracts will happen, though I didn't let my lack of confidence cloud my judgement into not taking an easy $5 profit. One does not often get opportunities to double the stake in a single day. :-) Gess ------------------------------ Date: Sat, 27 Sep 1997 17:07:25 -0400 From: "Surindra J. Singh" <sjs7b@worldnet.att.net> Subject: Re: [CANSLIM] MSON restated earnings for Q4 http://biz.yahoo.com/prnews/97/09/26/mson_y001_1.html Above is the address to log on and here is the news: Friday September 26 7:10 PM EDT Company Press Release Misonix, Inc. Announces Restated Results for Fourth Quarter And Year Ended June 30, 1997 FARMINGDALE, N.Y., Sept. 26 /PRNewswire/ -- Misonix, Inc. (Nasdaq:MSON), today reported restated earnings for the fourth quarter and fiscal year ended June 30, 1997 reflecting the effect of a 3-for-2 stock split announced on September 10, 1997, payable to shareholders of record at the close of business on October 10, 1997, as well as a non-recurring, non-cash compensation charge of $0.185 million recorded in the fourth quarter. After giving effect to the stock split, net income including the non- recurring, non-cash compensation charge of $0.185 million was $2.108 million, or $0.33 per share, for the quarter ended June 30, 1997, compared to net income of $0.247 million, or $.06 per share, for the comparable period in 1996. Net sales for the three months ended June 30, 1997 were $6.054 million, a 119% increase over the $2.771 million reported for the comparable 1996 period. For the fiscal year ended June 30, 1997, after giving effect to the stock split, Misonix recorded net income of $0.177 million including the adjusted non-recurring, non-cash compensation charge of $4.545 million, or $.03 per share, compared to net income of $0.389 million, or $0.09 per share, for the year ended June 30, 1996. Net income for the year ended June 30, 1997 would have been $4.722 million, or $0.91 per split-adjusted share, without the effect of the adjusted non-recurring, non-cash compensation charge. Net sales for the fiscal year ended June 30, 1997 were $17.560 million, a 77% increase over the $9.913 million reported for the comparable 1996 period. Misonix, Inc. develops, manufactures and/or markets medical, scientific and industrial ultrasonic and air pollution control systems. MISONIX, INC. AND SUBSIDIARIES COMPARATIVE RESULTS (in thousands of dollars, except per share data) Three Months Ended Twelve Months Ended 6/30/97 6/30/96 6/30/97 6/30/96 Net sales $ 6,054 $ 2,771 $ 17,560 $ 9,913 Cost of goods sold 2,357 1,427 7,591 5,181 Gross profit 3,697 1,344 9,969 4,732 Selling, general and administrative expenses 1,588 1,044 5,492 4,139 Research and development 160 52 351 204 Non-cash compensation charge 185 -- 4,545 - -- Total operating expenses 1,933 1,096 10,388 4,343 Income (loss) from operations 1,764 248 (419) 389 Other income 376 23 680 69 Income before minority interest and income taxes 2,140 271 261 458 Minority interest in net income of consolidated subsidiary (9) (24) (32) (69) Income before income taxes 2,131 247 229 389 Income taxes* (23) -- (52) - -- Net income 2,108 247 177 389 Net income per share $ 0.33 $ 0.06 $ 0.03 $ 0.09 Weighted average shares and share equivalents outstanding 6,477 4,373 5,178 4,301 * Includes income taxes due at the Company's foreign subsidiary. It does not include domestic income taxes due to the use of net operating loss carryforwards. SOURCE Misonix, Inc. More news for referenced ticker symbols: MSON, and related industries: healthcare, medical. Tom Worley wrote: > > Well, looks like Ricardo is exactly correct. Finally downloaded and > saved the news release from PointCast (would have attached it but > haven't figured out yet how to do that, I still have amazing gaps > in my internet and computer literacy!). In fact, the way the > release reads, they are reporting results for Q4 (which ended June > 30) based on the nr of shares that will exist in October once they > do a 3:2 split which wasn't even announced until September! This is > a first for me, talk about fully diluted, conservative reporting! > Gotta check this with an accountant, I think they are going > overboard. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted 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. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------ Date: Sat, 27 Sep 1997 17:07:25 -0400 From: "Surindra J. Singh" <sjs7b@worldnet.att.net> Subject: Re: [CANSLIM] MSON restated earnings for Q4 http://biz.yahoo.com/prnews/97/09/26/mson_y001_1.html Above is the address to log on and here is the news: Friday September 26 7:10 PM EDT Company Press Release Misonix, Inc. Announces Restated Results for Fourth Quarter And Year Ended June 30, 1997 FARMINGDALE, N.Y., Sept. 26 /PRNewswire/ -- Misonix, Inc. (Nasdaq:MSON), today reported restated earnings for the fourth quarter and fiscal year ended June 30, 1997 reflecting the effect of a 3-for-2 stock split announced on September 10, 1997, payable to shareholders of record at the close of business on October 10, 1997, as well as a non-recurring, non-cash compensation charge of $0.185 million recorded in the fourth quarter. After giving effect to the stock split, net income including the non- recurring, non-cash compensation charge of $0.185 million was $2.108 million, or $0.33 per share, for the quarter ended June 30, 1997, compared to net income of $0.247 million, or $.06 per share, for the comparable period in 1996. Net sales for the three months ended June 30, 1997 were $6.054 million, a 119% increase over the $2.771 million reported for the comparable 1996 period. For the fiscal year ended June 30, 1997, after giving effect to the stock split, Misonix recorded net income of $0.177 million including the adjusted non-recurring, non-cash compensation charge of $4.545 million, or $.03 per share, compared to net income of $0.389 million, or $0.09 per share, for the year ended June 30, 1996. Net income for the year ended June 30, 1997 would have been $4.722 million, or $0.91 per split-adjusted share, without the effect of the adjusted non-recurring, non-cash compensation charge. Net sales for the fiscal year ended June 30, 1997 were $17.560 million, a 77% increase over the $9.913 million reported for the comparable 1996 period. Misonix, Inc. develops, manufactures and/or markets medical, scientific and industrial ultrasonic and air pollution control systems. MISONIX, INC. AND SUBSIDIARIES COMPARATIVE RESULTS (in thousands of dollars, except per share data) Three Months Ended Twelve Months Ended 6/30/97 6/30/96 6/30/97 6/30/96 Net sales $ 6,054 $ 2,771 $ 17,560 $ 9,913 Cost of goods sold 2,357 1,427 7,591 5,181 Gross profit 3,697 1,344 9,969 4,732 Selling, general and administrative expenses 1,588 1,044 5,492 4,139 Research and development 160 52 351 204 Non-cash compensation charge 185 -- 4,545 - -- Total operating expenses 1,933 1,096 10,388 4,343 Income (loss) from operations 1,764 248 (419) 389 Other income 376 23 680 69 Income before minority interest and income taxes 2,140 271 261 458 Minority interest in net income of consolidated subsidiary (9) (24) (32) (69) Income before income taxes 2,131 247 229 389 Income taxes* (23) -- (52) - -- Net income 2,108 247 177 389 Net income per share $ 0.33 $ 0.06 $ 0.03 $ 0.09 Weighted average shares and share equivalents outstanding 6,477 4,373 5,178 4,301 * Includes income taxes due at the Company's foreign subsidiary. It does not include domestic income taxes due to the use of net operating loss carryforwards. SOURCE Misonix, Inc. More news for referenced ticker symbols: MSON, and related industries: healthcare, medical. Tom Worley wrote: > > Well, looks like Ricardo is exactly correct. Finally downloaded and > saved the news release from PointCast (would have attached it but > haven't figured out yet how to do that, I still have amazing gaps > in my internet and computer literacy!). In fact, the way the > release reads, they are reporting results for Q4 (which ended June > 30) based on the nr of shares that will exist in October once they > do a 3:2 split which wasn't even announced until September! This is > a first for me, talk about fully diluted, conservative reporting! > Gotta check this with an accountant, I think they are going > overboard. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted 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. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------ Date: Fri, 26 Sep 1997 21:28:23 +0400 From: MacMama&theLooneyTunesGang <Duncan@US-South.net> Subject: Re: [CANSLIM] Re. WHY? WHY? WHY? Thanks for the welcome Tom! My uncle introduced me to the market, to IBD, and to CANSLIM this summer. He gave me the tape and brochure he received with his IBD subscription. I've about worn them out! Also have read a lot of WON's HTMMIS but had to rest for a while - my brain was going numb from overload! I've also had my free 2 weeks and subscribed to IBD. I devour it every day and feel lonely on Monday. I'm a tax practitioner by choice. For more fun, I remodel fixer-up or "dated" houses. I enjoy logic, strategy, making money, and competing with myself. Suspect this makes me a prime candidate for addiction to the stock market. I'm already on my way! My investing background. Gee...this won't take up much space. . That's it! My motivation: When I called my broker's office to learn what it meant to "go out on margin", it was pointed out by one of the staff that there had been a margin call on my account earlier in the year. After digging through my statements, I hired a new broker - me! I may not be as knowledgeable, but I'm honest. I have questions - lots. If y'all have the patience, I'll be most grateful for any help you're offering. For openers: 1) From Tom's post "...it is now rather extended. On the other hand, these small caps with great CS nrs just aren't pulling back and giving new entry points from what I can see. " What are "nrs"? And (assuming volume is there) is the entry point the first new high or the first rise off the bottom of the consolidation area? It seems I'm seeing both in the examples I've studied. 2) Why do stocks with low EPS and/or RS ranks run up so fast and so high? Amazon, for example. I see the crap-shooters in there for a fast buck when it starts to roll, but what gets it moving to start such a buying frenzy? And what makes a stock that's been quiet suddenly shoot up $15-20 a share on huge volume in one day? Is program buying causing that? I'm going now to look for those DGs you recommeded. Thanks for the tips. Great meeting y'all! Gail ------------------------------ Date: Sat, 27 Sep 1997 18:11:05 -0700 From: Steve <scg@sirius.com> Subject: [CANSLIM] Short interest http://www.viwes.com/invest/shorts.html has short interest figures for NASDAQ stocks. Check it out. Steve ------------------------------ Date: Sat, 27 Sep 1997 21:46:12 -0500 (CDT) From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] Re. WHY? WHY? WHY? Haven't seen anyone answer this directly: Gail (with an interesting sense of humor) wrote: > > Thanks for the welcome Tom! > > My uncle introduced me to the market, to IBD, and to CANSLIM this > summer. He gave me the tape and brochure he received with his IBD > subscription. I've about worn them out! Also have read a lot of WON's > HTMMIS but had to rest for a while - my brain was going > numb from overload!... I know that feeling. I had a stretch where I was devouring books on investing and investors. Pretty soon I couldn't keep straight what I had read. > .... I've also had my free 2 weeks and subscribed to IBD. > I devour it every day and feel lonely on Monday. Yeah, I've always got a kick out of having the weekend report in Friday's edition. By the time I read it, the numbers are dated. Wish they'd put it in Monday's edition. Then I could read it at my leisure on Saturday, and know everything is current. > > I'm a tax practitioner by choice. For more fun, I remodel fixer-up or You must have a REAL sense of humor... > "dated" houses. I enjoy logic, strategy, making money, and competing > with myself. Suspect this makes me a prime candidate for addiction to > the stock market. I'm already on my way! Nah... most people with an addiction to the market don't get into taxes... > > My investing background. Gee...this won't take up much > space. . That's it! > > My motivation: When I called my broker's office to learn what it meant > to "go out on margin", it was pointed out by one of the staff that there > had been a margin call on my account earlier in the year. After digging > through my statements, I hired a new broker - me! I may not be as > knowledgeable, but I'm honest. > > I have questions - lots. If y'all have the patience, I'll be most > grateful for any help you're offering. > > For openers: > 1) From Tom's post "...it is now rather extended. On the other hand, > these small caps with great CS nrs just aren't pulling back and giving > new entry points from what I can see. " > > What are "nrs"? And (assuming volume is there) is the entry point the > first new high or the first rise off the bottom of the consolidation > area? It seems I'm seeing both in the examples I've studied. "nrs" is Tom's abbreviation for "numbers". In this case, I assume primarily EPS and RS. I would say the entry point was the first rise off the bottom of the consolidation area. But that's in hindsight. We all interpret charts a little differently. > > 2) Why do stocks with low EPS and/or RS ranks run up so fast and so > high? Amazon, for example. I see the crap-shooters in there for a fast > buck when it starts to roll, but what gets it moving to start such a > buying frenzy? And what makes a stock that's been quiet suddenly shoot > up $15-20 a share on huge volume in one day? Is program buying causing > that? I don't know in the case of Amazon. I'm sure a lot of people are falling all over themselves to get in it. The Motley Fool is getting pretty influential as well. On some occasions, someone finds out news early, and starts buying big. (This could be a fund, or a bank, or Buffett, or Soros <grin>). I have seen cases where a low EPS stock quickly becomes a high RS stock. Sometimes the EPS catches up (someone knew something), sometimes it doesn't (then the stock crashes). CANSLIMers tend to stay away. There are enough high EPS/RS stocks out there to keep away from the Amazons. You can make big money, but IMHO, the risks outweigh the potential gains more often than not. > > I'm going now to look for those DGs you recommeded. Thanks for the tips. > Great meeting y'all! Not sure you can "find DGs" except by ordering. > > Gail > > welcome aboard, Dave Cameron dcameron@info1.harper.cc.il.us ------------------------------ Date: Sat, 27 Sep 1997 20:00:05 -0700 From: Chune Lee <shen@sj.bigger.net> Subject: Re: [CANSLIM] Short interest Steve and All, I checked the site and found that ITEQ has 1,132,734 short a big increase from last month of with a C/A ratio of 3.49% from .08%. The C/A is a rough indicator of # days to cover short. The Float is 9.2 M as reported by Yahoo. How would one interpret this. Chune Steve wrote: > > http://www.viwes.com/invest/shorts.html has short interest figures for > NASDAQ stocks. Check it out. > > Steve ------------------------------ Date: Sat, 27 Sep 1997 23:40:27 -0700 From: Sam Funchess <sam5@mindspring.com> Subject: Re: [CANSLIM] Re: ACRT I hate replying to this so late after it was posted but I have a very hard time getting to a computer that sends e-mail out (I can receive them but my school has turned of the option to access the sending out of e-mail, makes me so mad.) IBD also had a good article last week in the "Companies in the news" section. It was in the paper one or two days before the explosion in volume. I got into it because I had some money sitting in an account and decided to gamble. At the time of the article it had no mutual fund sponsorship or analysts following it. I saw this as an easy opportunity to move the price easy once it was spotted. I was willing to take a little risk with the fund. being what they were. From memory I got in in the 16 range. Sam Craig Griffin wrote: > Dave, > > In a sense you are correct :>). In another sense, no boasting > involved, it > is not a big enough position (even after 3 small buys) to have that > much > impact on my portfolio, whichever way it goes. (One never knows does > one?) > > I bought some on 8/26 when it gapped up on news around $17. More when > the > "pipe" formed on 9/16 at $15 1/2 (I should have been stopped out the > day > before on my first purchase, but I had set my stop at support at 14 > 7/8, and > I refused to sell without a close below that - easy to do with a small > > position). Then bought some more today. Not exactly Canslim buying, > but > then again it was small nibbles along the way. I would have probably > done > about as good, with less to worry about, to buy at about 17 today on > the > initial surge. > > Regards, > Craig > > PS. The "elephant in the bathtub" analogy is not mine. I have seen > it used > a few times regarding breakouts on big volume. The reference is to > institutions and their inability to take big positions without > "displacing > quite a bit of water" ;^). > > PPS. Joan - Thanks for the Bottom Line info. I should have it around > here > and will look it up. > > At 08:56 PM 9/23/97 -0500, you wrote: > >Craig, > > > >Nice analogy (elephant in the bathtub). I'm not sure if > >your disclaimer is a disclaimer or a boast <grin>. But... > >I am curious as to when you bought in. > > > >Dave Cameron > > > > ------------------------------ Date: Sat, 27 Sep 1997 02:14:20 +0400 From: MacMama&theLooneyTunesGang <Duncan@US-South.net> Subject: Re: [CANSLIM] Re. WHY? WHY? WHY? Hey Dave (with the also interesting sense of humor) ! Hi back at you! Thanks for the moral support as well as the answers. >Wish they'd put it in Monday's edition. Yea, I still expect to find it there...but it keeps getting here a day early! Always a surprise! Why do they make us read it on Friday when by printing it on Monday we could get it two days earlier and read it a day later? >Not sure you can "find DGs" except by ordering. That's WHY I'm looking...so I can find out where to order them, silly <GG>! I'm watching JBIL, REAL. What do y'all think of these? Gail ------------------------------ Date: Sun, 28 Sep 1997 07:31:57 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] Short interest Worth noting also that the short interest on NYSE dropped several percent on the latest monthly report, while increasing on both AMEX and NASDAQ. The bears are still alive and well. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Steve <scg@sirius.com> > To: canslim@mail.xmission.com > Subject: [CANSLIM] Short interest > Date: Saturday, September 27, 1997 9:11 PM > > http://www.viwes.com/invest/shorts.html has short interest figures for > NASDAQ stocks. Check it out. > > Steve ------------------------------ Date: Sun, 28 Sep 1997 15:33:52 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SCOR On Fri, 26 Sep 1997 12:06:07 -0400 (EDT), you wrote: : :This company showed up on my scan last night. It's a drug/pharmacy = company :that seems almost obscenely cheap. If anyone has noticed this company = as :well, would appreciate your thoughts. My apologies if it's been = mentioned :before. : :What's interesting about the chart pattern is the upcoming squeeze = between :the 50d and 20d EMA. If it's going to do anything, it'll probably be = soon. : :Thanks. : :----Db Db, Are you a bit confused? SOCR is Scan Optics, a small float computer peripherals company and software company. I believe they make scanning equipment in tandem with optical character recognition software systems (hence the "OCR"): Business Summary SOCR designs, manufactures, markets and services in-formation processing systems used for imaging, data capture, document processing and information management. Revenues for the six months ended 6/97 rose 23% to $26.5 million. Net income totalled $2 million, up from $570 thousand. Revenues reflect sales of the enhanced Series 9000's sold to a Japanese health agency. Earnings reflect production efficiencies, and reduced expenditures for interest.=20 You are right in that it is (in Tom Worley's words) ridiculously cheap. Dan ------------------------------ Date: Sun, 28 Sep 1997 12:08:11 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] SCOR In a message dated 97-09-28 11:35:42 EDT, you write: << Db, Are you a bit confused? SOCR is Scan Optics, a small float computer peripherals company and software company. I believe they make scanning equipment in tandem with optical character recognition software systems (hence the "OCR"): >> Nope. Referring to SCOR (Syncor). Not a big deal, though. Thanks anyway. - ----Db ------------------------------ Date: Sun, 28 Sep 1997 09:55:52 -0700 From: Tim Fisher <tfish@spiritone.com> Subject: [CANSLIM] Re: JBIL & REAL At 02:14 AM 9/27/97 +0400, you wrote: >I'm watching JBIL, REAL. What do y'all think of these? > Both solid LLURs (lower left - upper right) w/ good numbers (JBIL has much better numbers IMHO). Many of these LLURs don't present much in the way of entry points and the best almost never gap up on 2x volume (i.e. DELL) - by the time they do then in my experience they are probably headed for the dreaded 15% correction. Buy them anytime - the sooner the better. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------ Date: Sun, 28 Sep 1997 11:53:33 PDT From: "William Sloan" <billsloan@hotmail.com> Subject: [CANSLIM] Newcomer Hi. My name is Bill Sloan and I have been subscribing now to the canslim itself at ultra-guru Tom's suggestion and enjoy it very much. Have read WOM several times and took my first plunge last week with ECGOF. Will see what happens. Decided to use 15% for a point to get out - hope that doesn't happen - however, since I'm admitted total novice will keep trying. Good luck to all of you - Bill ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------ Date: Sun, 28 Sep 1997 18:59:40 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] Newcomer I claim neither credit nor blame. Still, glad to have you here, Bill. Hope it helps. Tried to get into DG Online all day today, no joy. Anyone doing any better?? Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted 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. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: William Sloan <billsloan@hotmail.com> > To: canslim@mail.xmission.com > Subject: [CANSLIM] Newcomer > Date: Sunday, September 28, 1997 2:53 PM > > Hi. My name is Bill Sloan and I have been subscribing now to the > canslim itself at ultra-guru Tom's suggestion and enjoy it very much. > Have read WOM several times and took my first plunge last week with > ECGOF. Will see what happens. Decided to use 15% for a point to get > out - hope that doesn't happen - however, since I'm admitted total > novice will keep trying. Good luck to all of you - Bill > > ______________________________________________________ > Get Your Private, Free Email at http://www.hotmail.com ------------------------------ Date: Mon, 29 Sep 1997 03:05:09 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] MSON restated earnings for Q4 Tom, If you can't figure out how to attach a file to a message you send from your email program, you can open the file (I presume it is a reasonably simple text document in most cases) and select and copy the text to your clipboard. Then you can just paste it at the end of your email message. In many if not most cases, that's the simplest and most elegant way of doing it anyway. Dan On Sat, 27 Sep 1997 12:48:33 -0400, you wrote: :Well, looks like Ricardo is exactly correct. Finally downloaded and :saved the news release from PointCast (would have attached it but :haven't figured out yet how to do that, I still have amazing gaps :in my internet and computer literacy!). In fact, the way the :release reads, they are reporting results for Q4 (which ended June :30) based on the nr of shares that will exist in October once they :do a 3:2 split which wasn't even announced until September! This is :a first for me, talk about fully diluted, conservative reporting! :Gotta check this with an accountant, I think they are going :overboard. : :Any statements or opinions are strictly my own and not that of my :employer. My comments should not be interpreted 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. Hopefully :my comments will better inform and educate all investors. : :tom w ------------------------------ End of canslim Digest V1 #303 ***************************** To subscribe to canslim Digest, send the command: subscribe canslim-digest in the body of a message to "majordomo@xmission.com". 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