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From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #316 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Wednesday, October 15 1997 Volume 01 : Number 316 In this issue: Re: [CANSLIM] Public Databases Re: [CANSLIM] CTXS [CANSLIM] Today's earnings reports [CANSLIM] How the oil service sector is doing Re: [CANSLIM] Failing breakouts? Re: [CANSLIM] Short Interest Re: [CANSLIM] Public Databases Re: [CANSLIM] SMOD Crash - why? (also ACTC) [CANSLIM] World Series [CANSLIM] Neg Pre Announcements Re: [CANSLIM] How the oil service sector is doing Re: [CANSLIM] Real time quotes [CANSLIM] Some Old Favorites I Still Like re: [CANSLIM] SMOD Crash - why? (also ACTC) Re: [CANSLIM] Real time quotes [CANSLIM] NORT re: [CANSLIM] SMOD Crash - why? (also ACTC) Re: [CANSLIM] NORT [CANSLIM] Fw: Neg Pre Announcements [CANSLIM] Fw: Broker's Disciplinary History (was 19971015-074003-0036-001) re: [CANSLIM] SMOD Crash - why? (also ACTC) 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, 14 Oct 1997 19:18:49 -0700 From: Tim Fisher <tfish@spiritone.com> Subject: Re: [CANSLIM] Public Databases At 10:01 PM 10/14/97 -0700, you wrote: > >2) Somebody metioned a concern for canadian trading services, I've only >tried TD Telemax, and personally I didn't like it. However if anybody >would be interested in discussing canadian CANSLIM stocks, I would find it >very usefull as right now my RRSP is nil because my enire portfolio (save >Newbridge and Clearnet) are foriegn investments. From what I understood >most people here tend to shy away from foriegn (is Canadian too foreign for >you guys) stock markets (TSE, VSE, etc.), bre X put a whole in some friends >pants so I won't blame you if your scared of us up north. > Was personally involved in Bre-X (worked in Borneo for them) and I share your fear of Canadian mining Cos but that doesn't mean I don't consider other CAN firms. Tuboscope is one of my best recent purchases and they have significant holdings in CAN oil exploration products mfgrs. Am just lucky my parents didn't go for Bre-X when I told them about it; they could have doubled or tripled their money but they don't "do" stops and would have been caught in the big crash to $2. Try Zacks free trial for a database that you can use CANSLIM scans on; Mike Artobello on the Up up & away list has a LLUR scan that I feed into a CANSLIM scan with Zacks database to narrow it down some. I own 6 of the 13 co's that passed muster this month and they are some of my best performers. Until today when everything seems to be falling apart. P.S. CTI Chart Industries seems to be immune to this volatility - bot it Monday and it got listed by a broker as a buy today. Lucky I guess. Watch it tomorrow. 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: Tue, 14 Oct 1997 22:27:38 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] CTXS CTXS had some news early on today which seemed to spark the stock in an otherwise ugly day for techs, something about skinny clients wanting servants or some such (not being a real technical kind of guy). Actually it read more like thin client/server products, but whatever. 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: Patrick Wahl <pwahl@postoffice.worldnet.att.net> > To: canslim@mail.xmission.com > Subject: [CANSLIM] CTXS > Date: Tuesday, October 14, 1997 10:23 PM > > Earnings for Citrix System (CTXS) are scheduled to be released after > the market close on Monday (10-20). The number I have says .31 is > the expected number. > > As I'm sure most people know, Intel reported earnings after the close > of .88, 3 cents under estimates. S&P futures are trading about 4 > points lower, indicating a lower open in the market tomorrow. ------------------------------ Date: Tue, 14 Oct 1997 22:22:40 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: [CANSLIM] Today's earnings reports I usually focus on earnings reported late in the day or after the mkt closed, since I have little time to follow stocks during the day (except for ones I personally own, and nothing interferes with that usually). Overall, so far pos surprises continue to outnumber the total of neg and in line reports, certainly bullish at this point. I am also seeing an increasing nr of pos surprises that are more than one or two cents better than street (First Call) estimates. Here's a sampling of reports released from noon on: (first nr is the results, second is the estimate) And hey, Marlins ahead 7 to 3 going into the bottom of the sixth!!! Make that the end of the sixth, gotta move the TV in here, I'm getting worn out running back and forth COMR, .55, .49 MRIS, .63, .60 PCL, .63, .52 REDB, op .03, (.11) RBNC, .31, .27 SPLH, .40, .33 (blast, I was just looking at this one last night) WBST, Op net 1.05, .96 BAY, .22, .18 PGR, Op net 1.18, 1.15 Compared to this there was only two (FCOM, INTC) that reported earnings more than two cents below estimates in the same time period. 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: Wed, 15 Oct 1997 02:47:16 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] How the oil service sector is doing Did a little poking around Yahoo today and came up with the following. Dan - -------------------------------------------------------------------------= - ---- To: "'musicant@autobahn.org'" <musicant@autobahn.org> Subject: oil =46rom: Dan Musicant <dmusican@micromegasystems.com> Date: Tue, 14 Oct 1997 14:44:18 -0700 Monday October 13 3:32 PM EDT=20 Oil price slides as speculators run for cover LONDON, Oct 13 (Reuters) - Oil prices sank heavily on Monday in a sharp bout of profit-taking in reaction to gains established over the past month.=20 Dealers said some institutional fund selling combined with weak refinery profit margins to pull the rug from under a market which only a week ago was setting nine-month highs.=20 Political tensions in the Middle East which had lent support to buyers in recent weeks also evaporated, traders said.=20 London November futures for benchmark North Sea Brent blend toppled over 70 cents a barrel to hit support at $20.00, having hit $21.75 last Monday.=20 But dealers said they saw no prospect of a headlong slide towards the year's $17.30 a barrel low.=20 Monday's losses were sparked by a biweekly trading report from the U.S. Commodity Futures Trading Commission showing huge long positions -- a bet that prices will rise -- held by speculators in oil on the New York Mercantile Exchange.=20 Dealers said the report indicated the market looked heavily overbought.=20 Also undermining the recent price rally were the sickly petroleum product markets which had failed to match crude's recent gains, cutting refiners' profit margins.=20 Refinery profits were hit hard again last week in the United States after falling nearly $4 a barrel in the past couple of months. Elsewhere, margins reamined depressed.=20 On the United States Gulf Coast margins last week were negative for both domestic benchmark West Texas Intermediate and Brent for the first time since last December, according to Reuter calculations using standard product yields.=20 Oct 13 Oct 10 1500 GMT (close) IPE November Brent $20.20 $20.73 NYMEX November light crude $21.39 $22.10 REUTERS=20 LONDON, Oct 13 (Reuters) - Oil prices sank heavily on Monday in a sharp bout of profit-taking in reaction to gains established over the past month.=20 Dealers said some institutional fund selling combined with weak refinery profit margins to pull the rug from under a market which only a week ago was setting nine-month highs.=20 Political tensions in the Middle East which had lent support to buyers in recent weeks also evaporated, traders said.=20 London November futures for benchmark North Sea Brent blend toppled over 70 cents a barrel to hit support at $20.00, having hit $21.75 last Monday.=20 But dealers said they saw no prospect of a headlong slide towards the year's $17.30 a barrel low.=20 Monday's losses were sparked by a biweekly trading report from the U.S. Commodity Futures Trading Commission showing huge long positions -- a bet that prices will rise -- held by speculators in oil on the New York Mercantile Exchange.=20 Dealers said the report indicated the market looked heavily overbought.=20 Also undermining the recent price rally were the sickly petroleum product markets which had failed to match crude's recent gains, cutting refiners' profit margins.=20 Refinery profits were hit hard again last week in the United States after falling nearly $4 a barrel in the past couple of months. Elsewhere, margins reamined depressed.=20 On the United States Gulf Coast margins last week were negative for both domestic benchmark West Texas Intermediate and Brent for the first time since last December, according to Reuter calculations using standard product yields.=20 Crude oil prices in dollars per barrel:=20 Oct 13 Oct 10=20 IPE November Brent $20.14 $20.73 NYMEX November light crude $21.35 $22.00 REUTERS ------------------------------ Date: Tue, 14 Oct 1997 22:29:24 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] Failing breakouts? It's at least you and me both, Peter. 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: PPNewell@aol.com > To: canslim@mail.xmission.com > Subject: [CANSLIM] Failing breakouts? > Date: Tuesday, October 14, 1997 8:46 AM > > Is it me or are the number of failing breakouts increasing? > > Peter Newell > ------------------------------ Date: Tue, 14 Oct 1997 22:47:44 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] Short Interest Sorry, Jans, wish I could afford to be "retired", I'm just inactive and still going to work every day to earn a paycheck. I get my short reports (they only come out monthly, one report for NYSE and one for NASDAQ/AMEX) off the Dow Jones News Svc at work. I can check for you if you need one or two reports, or anyone else for that matter. Next reports will be out in a few days. These reports are also listed when released in IBD, and I assume WS Journal (which I don't read), and I would recommend each investor do like I did as an active broker and tear these lists out and save them till the next month. This way, when you get a new stock idea, you have a handy ref list without searching. However, check the actual volume then short on the last report against the current avg daily vol, as the vol changes on a daily basis (well, duh, dude!) thus the nr of days to cover the short (which is the figure used by DG) may have also changed dramatically. And if there is a measurable short position reported in IBD and DG Online doesn't show it, send an email to Tech Support, the more errors we show them in their data base, the longer we get to use it for FREE!!!! I try to find at least one error a day, come on guys with all your help we can keep it free forever!!!! (Gosh, I hope WON didn't read that, but what the heck, Marlings are winning). 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: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] Short Interest > Date: Tuesday, October 14, 1997 1:26 PM > > Does anyone at the Digest know of any Internet or AOL address where I can > find short interest for an individual stock? I use DG Online, but its > "Datablock" is leaving the "Short Interest" block blank, and in the past it > has missed and messed up with this datum. In any event, I want to confirm > whether or not this stock I'm holding has a positive short interest position. > > Tom: I know that you're a retired broker-do you know of any Web Address that > has this information? > > jans ------------------------------ Date: Tue, 14 Oct 1997 23:17:10 EDT From: jmsmith@juno.com (Jay M Smith) Subject: Re: [CANSLIM] Public Databases On Tue, 14 Oct 1997 22:01:40 -0700 "Christopher Reid" <ca2reid@novice.uwaterloo.ca> writes: > >1) I'm going to try and code some automated filter software based on >yee >old CANSLIM methods , but I am in need various info, such as: where >are >the (if there are any) public databases which I can either search or You may want to check out http://netrunner.net/~kennyg/canslim1.htm While this is not "raw" data, you may find the info helpful. Ken may have a filter screen code written (or purchased?), he has a toll free number and his email address is on the homepage. In the URL, please note that the character after the word canslim is the number one, not the letter "L". Best of fortune in writing the code for a CANSLIM screen! Keep us posted on your progress! Regards, Jay ------------------------------ Date: Tue, 14 Oct 1997 23:16:02 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] SMOD Crash - why? (also ACTC) Michael, where have you been? I've been missing your to-the-point comments?? 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: Michael A Langston <langston@cs.utk.edu> > To: canslim@mail.xmission.com > Subject: re: [CANSLIM] SMOD Crash - why? (also ACTC) > Date: Tuesday, October 14, 1997 10:23 AM > > > more likely it was the secondary announced yesterday at 8am > > oops, that should read "today at 8am" > > as usual, some of the big dogs knew it was coming well in advance > > mike ------------------------------ Date: Tue, 14 Oct 1997 23:13:15 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: [CANSLIM] World Series That's it, Miami takes the Atlanta Braves in six, and in the World Series for the first time ever! Not to mention the first expansion team to do it in five seasons, and the third of our four professional teams to be in playoffs this year (Go Dolphins). Sorry Jeff, not CANSLIM, and I'm not a baseball nut, but even I am caught up in the fever. tom w ------------------------------ Date: Tue, 14 Oct 1997 23:32:17 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: [CANSLIM] Neg Pre Announcements Spotted one tonight, COHR, warning it will only do .54 to .58 vs First Call est of .80, got some CANSLIM characteristics, altho RS at 66 very weak. Still, looks like it will be able to beat full year estimates, altho sequential and year to year comparisons will be ugly. I would expect some downgrades on Wednesday. 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: Wed, 15 Oct 1997 03:57:41 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] How the oil service sector is doing I'm reposting this because it was formatted so ugly.=20 Dan - -------------------------------------------------------------------------= - ---- Monday October 13 3:32 PM EDT=20 Oil price slides as speculators run for cover LONDON, Oct 13 (Reuters) - Oil prices sank heavily on Monday in a sharp bout of profit-taking in reaction to gains established over the past month.=20 Dealers said some institutional fund selling combined with weak refinery profit margins to pull the rug from under a market which only a week ago was setting nine-month highs.=20 Political tensions in the Middle East which had lent support to buyers in recent weeks also evaporated, traders said.=20 London November futures for benchmark North Sea Brent blend toppled over 70 cents a barrel to hit support at $20.00, having hit $21.75 last Monday.=20 But dealers said they saw no prospect of a headlong slide towards the year's $17.30 a barrel low.=20 Monday's losses were sparked by a biweekly trading report from the U.S. Commodity Futures Trading Commission showing huge long positions - -- a bet that prices will rise -- held by speculators in oil on the New York Mercantile Exchange.=20 Dealers said the report indicated the market looked heavily overbought.=20 Also undermining the recent price rally were the sickly petroleum product markets which had failed to match crude's recent gains, cutting refiners' profit margins.=20 Refinery profits were hit hard again last week in the United States after falling nearly $4 a barrel in the past couple of months. Elsewhere, margins reamined depressed.=20 On the United States Gulf Coast margins last week were negative for both domestic benchmark West Texas Intermediate and Brent for the first time since last December, according to Reuter calculations using standard product yields.=20 Oct 13 Oct 10 1500 GMT (close) IPE November Brent $20.20 $20.73 NYMEX November light crude $21.39 $22.10 REUTERS=20 ------------------------------ Date: Wed, 15 Oct 1997 03:57:44 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Real time quotes I may be naive (and please don't hesitate to point this out and/or rub it in), but I think that the whole delayed quotes thing is virtually criminal. People are paying premium bucks to get crucial information sooner than the next guy so that they can (in effect) fleece him/her. It seems to me (and I was a straight A's student in physics at one time) that from a technological standpoint, there is no major difficulty in providing everybody with *real time quotes*. I believe (hypothesize) that it's only the commercial nature of the securities industry and their desire to squeeze money from their customers that maintains the delayed quote/real time quote aspects of the trading world. Now, I do not have *insider* experience, but my intuition tells me that this may be essentially so.=20 Datek declares that they will execute your order to buy/sell stock within 60 seconds or your commission is waived. It is all done electronically, and will become more and more so at an ever accelerating pace -- probably so fast it will make your head spin if you look the other way. Fifteen minute delay will kill you in volatile issues/commodities if your competition has that much of a drop on you. One might think of it as a sort of unsavory shakedown by the securities industry.=20 Ok, now you wolves can tear me to pieces if you care to (it's only online!). Dan ------------------------------ Date: Tue, 14 Oct 1997 23:58:56 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: [CANSLIM] Some Old Favorites I Still Like Even tho severely capital inhibited, I still like to watch some old favorites. Several looking encouraging right now, esp on the cusp of earnings reports and despite the weakness recently in tech stocks, include MFAC (23), CPWR (67.25), ASTSF (72.625) and ASMLF (98.5) (despite my dislike for foreign stocks), KEA (37.125), CHSE (27.625), KEG (35.25) (despite the weakness in the oil stocks), and MCRL (42) (despite today's performance). MFAC is back to being #2 in its group, and KEG (@#$%#$@*%#@) is still on AMEX. Can't do much about the latter, I guess, but suspect it has a lot to do with its recent performance. I can find fault with any of these, but on balance I still like the balance of CANSLIM criteria and the current basing action. All worth watching. DISCLOSURE: I don't own a share of any, all too pricy for my trading dollars, altho am considering buying some options on a few. 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: Wed, 15 Oct 1997 00:16:58 -0400 From: Michael A Langston <langston@cs.utk.edu> Subject: re: [CANSLIM] SMOD Crash - why? (also ACTC) > Michael, where have you been? swamped tom -- even killed my r-t quotes a while back -- those of us who support our research programs off the federal teat often find this time of year rife with proposal and paper deadlines > I've been missing your to-the-point comments?? "to-the-point" -- now that's a very politic way of putting it ;) a few quasi-random comments, strictly FWIW: wrt b/o failures observed here, it's probably no mere coincidence that jim horan's ERG and BOX7 lists began shrinking recently even as COMPX was making new highs -- and then we're seeing speculation ala LOCKC and its ilk -- add to that the nervousness of LLUR and other forms of simple momentum players, esp w/ so many high-fliers making quick doubles and triples -- also, self-proclaimed stock gurus are now back in vogue, in fact so popular that even my local newspaper has begun carrying the motley dweebs (blech!) -- it's hard not to notice the shortness of so many 3rd and 4th stage bases, HTFs and so forth -- given so many warning signs i fear a pattern may be developing reminiscient of, say, may 1996 -- if so, HGS buy-the-dippers may be hurt soon, it often pays to be nimble -- as i said, just some FWIW-style observations oh, congrats to florida baseball! mike ------------------------------ Date: Wed, 15 Oct 1997 00:09:23 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] Real time quotes Unless you can get a "real time" quote immediately prior to entering an online order (buy or sell), then you not only have no idea what you are doing in a volatile mkt but even worse how well your BD is doing in executing your order. I deal every day with real time data, and time permitting actually watch the stock being executed on larger orders (if I am not simultaneously entering an order on NYSE, AMEX, or one of the options exchanges). I do this both to protect my dept from claims of "bad execution" (brokers are just so unreasonable) as well as to ensure that I get the best possible execution for my firm's clients and brokers (best time to protest is immediately). I cannot even begin to imagine entering an order, be it a limit or market, based on 15 minute old info unless the stock isn't moving. Today alone, I entered two separate orders of over 5000 shares each, both OTC, both thinly offered and bid (200 on each side), both with separate BDs, and watched the trading like a hawk to ensure I was satisfied with the execution (and if I am satisfied, then the brokers better be also). I agree, the sooner ALL investors insist on real time data, the 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: Dan Musicant <musicant@autobahn.org> To: canslim@mail.xmission.com Subject: Re: [CANSLIM] Real time quotes Date: Tuesday, October 14, 1997 11:57 PM I may be naive (and please don't hesitate to point this out and/or rub it in), but I think that the whole delayed quotes thing is virtually criminal. People are paying premium bucks to get crucial information sooner than the next guy so that they can (in effect) fleece him/her. It seems to me (and I was a straight A's student in physics at one time) that from a technological standpoint, there is no major difficulty in providing everybody with *real time quotes*. I believe (hypothesize) that it's only the commercial nature of the securities industry and their desire to squeeze money from their customers that maintains the delayed quote/real time quote aspects of the trading world. Now, I do not have *insider* experience, but my intuition tells me that this may be essentially so. Datek declares that they will execute your order to buy/sell stock within 60 seconds or your commission is waived. It is all done electronically, and will become more and more so at an ever accelerating pace -- probably so fast it will make your head spin if you look the other way. Fifteen minute delay will kill you in volatile issues/commodities if your competition has that much of a drop on you. One might think of it as a sort of unsavory shakedown by the securities industry. Ok, now you wolves can tear me to pieces if you care to (it's only online!). Dan - ---------- ------------------------------ Date: Tue, 14 Oct 1997 22:10:58 PDT From: "William Sloan" <billsloan@hotmail.com> Subject: [CANSLIM] NORT Hi - Started with a buy on Nort. Seems like it might be a CanSlim stock, however, am still a novice. Bill Sloan ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------ Date: Wed, 15 Oct 1997 07:21:37 -0500 From: "Gess Shankar" <gess@earthchannel.com> Subject: re: [CANSLIM] SMOD Crash - why? (also ACTC) On 15 Oct 97 at 0:16, Michael A Langston wrote: > shrinking recently even as COMPX was making new highs -- and then > we're seeing speculation ala LOCKC and its ilk -- add to that the > nervousness of LLUR and other forms of simple momentum players, esp > w/ so many high-fliers making quick doubles and triples -- My apologies to CS folks, for whom this is totally off-topic. Just mere weeks ago, I wouldn't have known what the heck you were talking about. Probably many here still do not know what the heck you are talking about. You can be too much "to the point" sometimes. :-) But due to advancing years and shrinking bank balance, I have evolved from mutual funds only investor to CAML/LOCKC/IMAT momentum player, flirting with stocks HALTed, about to be delisted etc. (Hey, I NEED the quick doubles). :-) >also, > self-proclaimed stock gurus are now back in vogue, in fact so > popular that even my local newspaper has begun carrying the motley > dweebs (blech!) -- it's hard not to notice the shortness of so many > 3rd and 4th stage bases, HTFs and so forth -- given so many warning > signs i fear a pattern may be developing reminiscient of, say, may > 1996 -- if so, HGS buy-the-dippers may be hurt soon, it often pays > to be nimble -- as i said, just some FWIW-style observations Boy, does the truth hurt? My Buy-the-dipper plays (IMNT, BLDPF) have compelled me to be an investor in these and have caused some serious drawdowns or blocked capital (Okay, so I was not nimble enough). Having laid this background, please expand on the May 1996 happenings. My investing experience does not go that far. If history is going to repeat itself, as it is wont to do - perhaps I and others can save a penny or two. A correction, perhaps? (I will research this myself of course - but your observations and those of others will be valuable as well). > oh, congrats to florida baseball! As an Atlanta resident, I guess I must "boo" or something. But I have no clue about baseball and its nuances and don't even have a passion for cricket, which people where I come from are mad about. :-) Gess Soon to be author of: "How to create wealth and destroy your fortune in 60 days" to be published by Stupid & Poor available at your nearest bankruptcy court ------------------------------ Date: Wed, 15 Oct 1997 08:05:53 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: Re: [CANSLIM] NORT William, NORT would fail CANSLIM criteria on several fronts. First, the price ($4) takes it out of the institutional arena. Second, it does not show earnings growth, in fact the latest qtr it lost a penny compared to a year ago when it netted two cents. It does have an RS of 99, A/D of A, and respectable revenue growth, but it definitely needs to show more consistency in the bottom line. It also lacks coverage by at least three analysts, hence the lack of an earnings forecast. Of course, none of this means you can't make money on it. But it would not meet CS tests. 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] NORT > Date: Wednesday, October 15, 1997 1:10 AM > > Hi - Started with a buy on Nort. Seems like it might be a CanSlim > stock, however, am still a novice. Bill Sloan > > ______________________________________________________ > Get Your Private, Free Email at http://www.hotmail.com ------------------------------ Date: Wed, 15 Oct 1997 08:35:04 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: [CANSLIM] Fw: Neg Pre Announcements Never saw this one returned, so resending it. Hope no one is holding. tom w - ---------- > From: Tom Worley <stkguru@netside.net> > To: CANSLIM <canslim@xmission.com> > Subject: Neg Pre Announcements > Date: Tuesday, October 14, 1997 11:32 PM > > Spotted one tonight, COHR, warning it will only do .54 to .58 vs > First Call est of .80, got some CANSLIM characteristics, altho RS > at 66 very weak. Still, looks like it will be able to beat full > year estimates, altho sequential and year to year comparisons will > be ugly. I would expect some downgrades on Wednesday. > > 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: Wed, 15 Oct 1997 08:33:31 -0400 From: "Tom Worley" <stkguru@netside.net> Subject: [CANSLIM] Fw: Broker's Disciplinary History (was 19971015-074003-0036-001) Many investors do not realize just how regulated and "publicly exposed" my business is. But as a periodic reminder, as well as an effort to help my industry improve, I just want to mention to all that as an investor you can get a free, online report on your broker or brokerage firm. Just point your browser to http://www.nasdr.com (NASD Regulation website), click on "Investors Check Here", and then click on "Link to About Your Broker". There you will find "Online Request Form" and fill it in and you can get a report back by email or snail mail. Mine follows, and took two business days to get (course it was short and easy, so that may be a factor). There is a proposal now pending which will require brokers with disciplinary history to disclose this before opening a new acct (course no mention of the firm disclosing its history). Just be aware, many disciplinary problems may not appear in this history, altho this too is changing as NASD requires everything to be be reported now, even settled cases that never went to arbitration. Also, when you have completed an online request for a history, don't click on the Submit button unless you want to enter another one. Scroll down a little further and you should find some more buttons. When I did mine, I just clicked on the Submit (for a Representative) button, and the silly program kept asking me for more info. 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: Generic PDPI account <pdpi@nasd.com> > To: STKGURU@NETSIDE.NET > Subject: 19971015-074003-0036-001 > Date: Wednesday, October 15, 1997 7:40 AM > > STKGURU@NETSIDE.NET 1791973 > > > > > > > > October 15, 1997 > THOMAS WORLEY (EMail) > 1151 NE 86TH ST > MIAMI, FL 33138 > > > > > PUBLIC DISCLOSURE PROGRAM > RESPONSE TO REQUEST FOR INFORMATION > > > > The Board of Governors of the National Association of Securities Dealers, Inc. > (NASD) has adopted a public disclosure policy which permits certain types of > disciplinary information on NASD member firms and their associated persons to be > available to the general public. Section 15A(i) of the Securities Exchange Act > of 1934, as amended, requires registered securities associations to respond to > inquiries regarding disciplinary actions involving its members and their > associated persons. The NASD believes that the general public should have > access to information which will help them in their determination whether to > conduct or continue to conduct business with an NASD member or any of the > member's associated persons. In that regard, enclosed please find the > information you have requested. > > The NASD disclosure policy provides for the release of the following: > > 1) Final, pending, and/or dismissed disciplinary action(s), if any, > taken by self-regulatory or federal or state securities agencies > that relate to securities or commodities activities; > > 2) Civil judgements and NASD and other self-regulatory organizations > decisions involving securities and commodities matters; and > > 3) Criminal convictions / indictments and/or dismissed criminal actions > against NASD member firms and their associated persons. > > A list of the terms and conditions of the NASD Public Disclosure Program is > as follows: > ------------------------------------------------------- > NASD PUBLIC DISCLOSURE PROGRAM > TERMS AND CONDITIONS > > 1. Information provided through the Public Disclosure Program is to be used ONLY: > > (a) to assist in determining whether to conduct or continue to conduct securities or commodities business with NASD Member Firms or Associated Persons; > > (b) in judicial proceedings or arbitration proceedings relating to securities or commodities transactions; or > > (c) for other purposes consistent with the promotion of just and equitable principles of trade and the protection of investors and the public interest. > > Unlawful or improper use of the information should NOT be made. > > 2. Provision of information by the NASD pursuant to the Public Disclosure Program does not constitute a waiver of any of the NASD's rights, privileges, or immunities with respect to the furnishing of disciplinary or registration information. > > 3. Individuals who are requesting information through the Public Disclosure Program for any purpose other than with respect to their personal investments are required to submit a processing fee of $30 for each request made. > > 4. The NASD receives much of the requested information from public records and other persons, and there are often substantial delays in the receipt and processing of such information. Further, information not disclosed or made available to the NASD may exist. The NASD does not warrant or guarantee the accuracy or completeness of the requested information. The NASD shall not have any liability to any person for any actions taken or omitted in good faith with respect to this disclosure program. > ----------------------------------------------------- > > > > ASSOCIATED PERSON: WORLEY, THOMAS XAVIER > CRD NUMBER: 1791973 > > > > > > > > Associated Person: WORLEY, THOMAS XAVIER > CRD Number: 1791973 > > > > > > 10/14/97 SUMMARY INFORMATION > > > NONE ------------------------------ Date: Wed, 15 Oct 1997 09:48:21 -0400 From: Michael A Langston <langston@cs.utk.edu> Subject: re: [CANSLIM] SMOD Crash - why? (also ACTC) > My apologies to CS folks, for whom this is totally off-topic. no apology needed gess -- these terms become first-hard to serious canslimmers, at least those familiar with ian woodward's methods, and so your questions about them should be welcome here > You can be too much "to the point" sometimes. :-) i prefer "laconic" :) > please expand on the May 1996 happenings classic top in HGS formed -- warning signs such as those mentioned were all over the place: HTFs on top of HTFs became a dime a dozen, penny stox went from boom to bust overnight, some even featured on cnbc(!), many valuations went to so-called "black spot" levels, staircase patterns turned to climax runs as new momentum players jumped on LLUR and other simple can't-lose systems, new ERG and BOX7 lists were shrinking as distribution began in earnest, b/o failures became more and more the norm, the media coverage of "experts" such as the beardstown ladies became nauseating, cabot and other newsletter hypsters were exposed, the a/d line not confirming, newsgroup chatter about expanding 8% HGS stops to 16%, 24%, etc -- these are just a few signs some of us old-timey canslimmers watch -- anything look familiar? -- but you just never know, it's always clear in the rear-view mirror and after may 1996? -- just pull up a RUT chart to see what the next few weeks brought -- it wasn't a pretty sight >> oh, congrats to florida baseball! > As an Atlanta resident, I guess I must "boo" or something. you're just 4 hours down the road, we're braves fans here too -- i just thought tom deserved something to cheer about -- after all, everybody knows the national league is for rookies anyway -- the only real question is whether it'll be the indians or the birds who win it all -- there, that ought to bring out some "colorful" coast guard language ;) mike ------------------------------ End of canslim Digest V1 #316 ***************************** 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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