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canslim-digest      Wednesday, December 31 1997      Volume 02 : Number 074



In this issue:

       [CANSLIM] Watching these Wednesday
       Re: [CANSLIM] CCE, WPSN
       [CANSLIM] 12 days of Christmas...
       Re: [CANSLIM] CCE, WPSN
       Re: [CANSLIM] Watching these Wednesday
       [CANSLIM] Int'l Markets
       [CANSLIM] Stocks to learn from.
       Re: [CANSLIM] CCE, WPSN
       [CANSLIM] Dow 33%, 26%, 1997 look inside!!
       Re: [CANSLIM] Stocks to learn from.
       Re: [CANSLIM] Watching these Wednesday

----------------------------------------------------------------------

Date: Wed, 31 Dec 1997 04:24:13 GMT
From: [e-mail] (Dan Musicant)
Subject: [CANSLIM] Watching these Wednesday

cce keg uti sfam=20
alnk iece cbr atmi mdcc sotr

Virtually all of these showed good gains today (a good day) on above
average volume. Some are breaking out. Ideas?

Dan

- -

------------------------------

Date: Tue, 30 Dec 1997 20:23:43 -0700
From: Tim Fisher <[e-mail]>
Subject: Re: [CANSLIM] CCE, WPSN

At 07:10 PM 12/30/97 -0500, you wrote:
>Obviously, you can temporarily adjust the "avg daily vol" to account for
>seasonal reduced vol, and still apply the actual vol to show that it is
>trading heavily. However in the two cases you cite, CCE did about 140% of
>adv and WPSN nearly 200%, so looks like you hit them right.
>
Well, I hit CCE right. Didn't have enough cash for two ;) Get this the
spread was ZERO. I checked twice. It traded right up through my buy price
and finished up 1/8 from there, +1-9/16. Wow. Now I'm getting scared.

Tim Fisher, 1995 President, Pacific Fishery Biologists
Ore-ROCK-On Rockhounding Web Site
PFB Information
[e-mail]
WWW http://www.spiritone.com/~tfish -- See naked fish and rocks!


- -

------------------------------

Date: Tue, 30 Dec 1997 23:14:18 -0700
From: "Joe J." <[e-mail]>
Subject: [CANSLIM] 12 days of Christmas...

I know it is a little late for this but, a friend of mine heard this on
the radio and was kind enough to pass it along to me in an e-mail.  I
thought all of you might get a kick out of it.

I heard this on the radio over the Christmas (sung to the tune of "The
12 Days of Christmas")...

On the first day of Christmas, my broker gave to me,
a promise that the Dow would go up.

On the second day of Christmas, my broker gave to me,
2 shares of Disney,
and a promise that the Dow would go up.

On the third day of Christmas, my broker gave to me,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the fourth day of Christmas, my broker gave to me,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the fifth day of Christmas, my broker gave to me,
Michael Eisner's bonus,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the sixth day of Christmas, my broker gave to me,
6 Intel warrants,
Michael Eisner's bonus,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the seventh day of Christmas, my broker gave to me,
7 Korean puts,
6 Intel warrants,
Michael Eisner's bonus,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the eighth day of Christmas, my broker gave to me,
8 stocks a rising,
7 Korean puts,
6 Intel warrants,
Michael Eisner's bonus,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the ninth day of Christmas, my broker gave to me,
9 real-time stock tips,
8 stocks a rising,
7 Korean puts,
6 Intel warrants,
Michael Eisner's bonus,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the tenth day of Christmas, my broker gave to me,
10 NASDAQ winners,
9 real-time stock tips,
8 stocks a rising,
7 Korean puts,
6 Intel warrants,
Michael Eisner's bonus,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the eleventh day of Christmas, my broker gave to me,
11 bank take-overs,
10 NASDAQ winners,
9 real-time stock tips,
8 stocks a rising,
7 Korean puts,
6 Intel warrants,
Michael Eisner's bonus,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

On the twelfth day of Christmas, my broker gave to me,
12 million dollars,
11 bank take-overs,
10 NASDAQ winners,
9 real-time stock tips,
8 stocks a rising,
7 Korean puts,
6 Intel warrants,
Michael Eisner's bonus,
4 weeks of Barron's,
3 free trades,
2 shares of Disney,
and a promise that the Dow would go up.

- -

------------------------------

Date: Wed, 31 Dec 1997 07:18:28 -0500
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] CCE, WPSN

You can get "zero spreads" on listed stocks typically when some third mkt
isn't paying attention to how the stock is trading. Moves up or down on the
primary market and crosses right thru some bid or ask on the Pacific or
Midwest or whatever. Oftentimes they are only good for one or two hundred
shares, tho, if they even honor that.

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
- -----Original Message-----
From: Tim Fisher <[e-mail]>
To: [e-mail] <[e-mail]>
Date: Tuesday, December 30, 1997 11:23 PM
Subject: Re: [CANSLIM] CCE, WPSN


>At 07:10 PM 12/30/97 -0500, you wrote:
>>Obviously, you can temporarily adjust the "avg daily vol" to account for
>>seasonal reduced vol, and still apply the actual vol to show that it is
>>trading heavily. However in the two cases you cite, CCE did about 140% of
>>adv and WPSN nearly 200%, so looks like you hit them right.
>>
>Well, I hit CCE right. Didn't have enough cash for two ;) Get this the
>spread was ZERO. I checked twice. It traded right up through my buy price
>and finished up 1/8 from there, +1-9/16. Wow. Now I'm getting scared.
>
>Tim Fisher, 1995 President, Pacific Fishery Biologists
>Ore-ROCK-On Rockhounding Web Site
>PFB Information
>[e-mail]
>WWW http://www.spiritone.com/~tfish -- See naked fish and rocks!
>
>
>-
>


- -

------------------------------

Date: Wed, 31 Dec 1997 07:25:40 -0500
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] Watching these Wednesday

I would add KEA and EPIQ, both hit new highs, altho vol on KEA was only
average (I hate AMEX stocks!) but EPIQ was double daily average. Remember on
microcap thinly traded stocks you don't have to eat the typically large
spread. You can try to go in between with a limit order and under the new
rules they have to show you unless you complicate it with special conditions
like all or none (AON).

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
- -----Original Message-----
From: Dan Musicant <[e-mail]>
To: [e-mail] <[e-mail]>
Date: Tuesday, December 30, 1997 11:23 PM
Subject: [CANSLIM] Watching these Wednesday


cce keg uti sfam
alnk iece cbr atmi mdcc sotr

Virtually all of these showed good gains today (a good day) on above
average volume. Some are breaking out. Ideas?

Dan

- -



- -

------------------------------

Date: Wed, 31 Dec 1997 08:30:05 -0500
From: "Tom Worley" <[e-mail]>
Subject: [CANSLIM] Int'l Markets

With much of Europe closed today, and some of Asia (including Japan) last
night, I suspect today will be more that of consolidation. NASDAQ 100
indicating off 1%, but S&P showing up, and what trading there is in Europe
is positive so may not be a terrible day, altho likely to show light vol
again. Remember, if you have any last minute tax related decisions to make,
do it early as this will be a shortened session (I get to go home EARLY for
a change!!!). Will likely close by 1PM.

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, 31 Dec 1997 09:18:52 -0500
From: Connie Mack Rea <[e-mail]>
Subject: [CANSLIM] Stocks to learn from.

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Members--

Should any member have taken a position in TTNP, he should be sitting
nicely.  I doubled down from 5.25 to 5 and sold one half of my position
at 5.625.  I hope to sell one quarter at 6 and the remaining quarter at
6.25. Did you notice the action in the last 15 minutes.  Shorters
frequently cover in the final minutes

I hope to get back in on a retreat.  You might wish to pull up my
initial comments on TTNP.

There is no reason to let loose of any stock that you may still hold.
There would seem to be resistance at 6.25 or so.  See what the stock
does at that level.

This morning there are two stocks with characteristics that can benefit
the trader|investor.  The first is LOGN.

I have day traded this stock three times this month.  Note how price is
being controlled by someone.  If you can rely on the control, there is
easy money for the trader.  Before I trade the stock again, I want to
see what it will do at the new level.

Further points: [1] Notice how the stock has held to the 20MA. [2] The
OBV continued to rise while the stock held in place.  [3] The Money Flow
also rose while the stock held.  The divergences between [2] and [3] and
price is what you are looking for; these are powerful indicators even
when they are not in divergence.  But when they show bullish divergence,
as here, they are still more powerful.  TTNP had a similar chart.

The second stock is VSAT.  Here is another stock that has very short
term divergence between price and OBV|Money Flow.  The divergence occurs
only in the last 3-4 days.  If the stock rises today, my 3|7|10
indicator will probably give a buy.

My strategy this morning is anticipatory: I will guess that the stock
will advance and will try to buy a bit at yesterday's close and double
down for a half point or so.  I rarely double down on any stock that
does not show a divergence [as mentioned above].

I presently own MU, ORCL, AMD, VECO, and AWIN; I  am modestly up in
each. With the exception of VECO and AWIN, I bought the others on the
come. I have one short that is going no where.  I hope to close it out
at break-even this morning.

Remember that I always take a look at the market at the opening before I
make any final decisions.  I will relax my concern some when I try to
buy VSAT.  I have already commented on TTNP.  Investors can view VSAT
and TTNP as legitimate longer term buys.

If you get a profit, tell yourself that you'll never take a loss.  Sell
some part of your lot when you have profit; then let the other be free
to advance still further.  You never go broke taking a profit.

Connie Mack

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Content-Transfer-Encoding: 7bit

<HTML>
<B>Members--</B><B></B>

<P><B>Should any member have taken a position in TTNP, he should be sitting
nicely.  I doubled down from 5.25 to 5 and sold one half of my position
at 5.625.  I hope to sell one quarter at 6 and the remaining quarter
at 6.25. Did you notice the action in the last 15 minutes.  Shorters
frequently cover in the final minutes</B><B></B>

<P><B>I hope to get back in on a retreat.  You might wish to pull
up my initial comments on TTNP.</B><B></B>

<P><B>There is no reason to let loose of any stock that you may still hold.
There would seem to be resistance at 6.25 or so.  See what the stock
does at that level.</B><B></B>

<P><B>This morning there are two stocks with characteristics that can benefit
the trader|investor.  The first is LOGN.</B><B></B>

<P><B>I have day traded this stock three times this month.  Note how
price is being controlled by someone.  If you can rely on the control,
there is easy money for the trader.  Before I trade the stock again,
I want to see what it will do at the new level.</B><B></B>

<P><B>Further points: [1] Notice how the stock has held to the 20MA. [2]
The OBV continued to rise while the stock held in place.  [3] The
Money Flow also rose while the stock held.  The divergences between
[2] and [3] and price is what you are looking for; these are powerful indicators
even when they are not in divergence.  But when they show bullish
divergence, as here, they are still more powerful.  TTNP had a similar
chart.</B><B></B>

<P><B>The second stock is VSAT.  Here is another stock that has very
short term divergence between price and OBV|Money Flow.  The divergence
occurs only in the last 3-4 days.  If the stock rises today, my 3|7|10
indicator will probably give a buy.</B><B></B>

<P><B>My strategy this morning is anticipatory: I will guess that the stock
will advance and will try to buy a bit at yesterday's close and double
down for a half point or so.  I rarely double down on any stock that
does not show a divergence [as mentioned above].</B><B></B>

<P><B>I presently own MU, ORCL, AMD, VECO, and AWIN; I  am modestly
up in each. With the exception of VECO and AWIN, I bought the others on
the come. I have one short that is going no where.  I hope to close
it out at break-even this morning.</B><B></B>

<P><B>Remember that I always take a look at the market at the opening before
I make any final decisions.  I will relax my concern some when I try
to buy VSAT.  I have already commented on TTNP.  Investors can
view VSAT and TTNP as legitimate longer term buys.</B><B></B>

<P><B>If you get a profit, tell yourself that you'll never take a loss.
Sell some part of your lot when you have profit; then let the other be
free to advance still further.  You never go broke taking a profit.</B><B></B>

<P><B>Connie Mack</B></HTML>

- --------------D12CC488E94C01E941E2F82C--


- -

------------------------------

Date: Wed, 31 Dec 1997 08:47:59 -0700
From: Tim Fisher <[e-mail]>
Subject: Re: [CANSLIM] CCE, WPSN

At 07:18 AM 12/31/97 -0500, you wrote:
>You can get "zero spreads" on listed stocks typically when some third mkt
>isn't paying attention to how the stock is trading. Moves up or down on the
>primary market and crosses right thru some bid or ask on the Pacific or
>Midwest or whatever. Oftentimes they are only good for one or two hundred
>shares, tho, if they even honor that.
>
Now it makes sense since my trades are executed on the Pacific Exchange and
it was trading up 1/16th at a time with zero spread every time I updated my
real-time quote. If I would have been 10 minutes faster I think I would have
gotten 1/2 pt. off it. Looking at the 5-minute chart I can see how the
movement actually started on Monday, sputtered late in the day, and really
went vertical Tuesday morning. Now I'm sounding like a day-trader.

Tim Fisher, 1995 President, Pacific Fishery Biologists
Ore-ROCK-On Rockhounding Web Site
PFB Information
[e-mail]
WWW http://www.spiritone.com/~tfish -- See naked fish and rocks!


- -

------------------------------

Date: Wed, 31 Dec 1997 13:29:53 -0800
From: "Ken Davidson" <[e-mail]>
Subject: [CANSLIM] Dow 33%, 26%, 1997 look inside!!

This is a multi-part message in MIME format.

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The market made a new record today!  For the first time the market has =
made
over 3 consecutive 20% plus years.  We have seen another incredible year =
go
by as we started the year in an upward tilt and ended it with some =
incredibly volatile days the last few months!  Most of the gains this =
year were made into August when the Dow hit a new record high of =
8259.31.  The S & P 500 also made a new high hitting 983.11.  Since =
then, they have basically gone sideways.  The S & P 500 made a slight =
new high earlier in the month at 983.76.  The Dow closed the year at =
7908.25.  Down -7.72 for the day.  The S & P 500 closed the year at =
970.42.  Down -.42 for the day.   We are very excited here at the Agora =
Outlook as we expect the overall market to be relatively flat for 1998 =
with a little more volatility.  Our yearly summary and outlook for 1998 =
comes out next week but for now we would like to wish you all a Happy =
and Prosperous 1998!!  The exact changes for the indexes are listed =
below:


Index           Dec 31st 1996            Dec 31st 1997              =
Percentage Change
Dow                  6448.27                       7908.25 +1459.98      =
    +23%
S & P 500          740.74                         970.42  +229.68        =
    +31%=20
S & P 100          719.98             split     459.94  +199.90          =
  +28%
Nasdaq            1291.04                       1570.35  +279.31         =
   +22%
30 year Bond          6.63%                          5.92%

Ken=20
www.agoraoutlook.com
The information contained in this commentary is based upon data that is =
believed to be accurate, but is not guaranteed, and subject to change =
without notice.  All projections, forecasts, opinions, and track records =
cannot be guaranteed  to equal our past performance.  Persons reading =
this are responsible for their actions.  Officers and employees of this =
publication may at times have a position in the securities mentioned, or =
related services.


- ------=_NextPart_000_021B_01BD15F0.2D733060
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    charset="iso-8859-1"
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>

<META content=3Dtext/html;charset=3Diso-8859-1 =
http-equiv=3DContent-Type><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 =
HTML//EN">
<META content=3D'"MSHTML 4.71.1712.3"' name=3DGENERATOR>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>
<DIV>The market made a new record today!  For the first time the =
market has=20
made<BR>over 3 consecutive 20% plus years.  We have seen another =
incredible=20
year go<BR>by as we started the year in an upward tilt and ended it with =
some=20
incredibly volatile days the last few months!  Most of the gains =
this year=20
were made into August when the Dow hit a new record high of =
8259.31.  The S=20
& P 500 also made a new high hitting 983.11.  Since then, they =
have=20
basically gone sideways.  The S & P 500 made a slight new high =
earlier=20
in the month at 983.76.  The Dow closed the year at 7908.25.  =
Down=20
- -7.72 for the day.  The S & P 500 closed the year at =
970.42.  Down=20
- -.42 for the day.   We are very excited here at the Agora =
Outlook as=20
we expect the overall market to be relatively flat for 1998 with a =
little more=20
volatility.  Our yearly summary and outlook for 1998 comes out next =
week=20
but for now we would like to wish you all a Happy and Prosperous =
1998!! =20
The exact changes for the indexes are listed below:<BR></DIV>
<DIV> </DIV>
<DIV>Index           =
Dec 31st=20
1996            =
Dec 31st=20
1997           &nb=
sp; =20
Percentage=20
Change<BR>Dow          =
       =20
6448.27           =
           =20
7908.25 +1459.98          =
+23%<BR>S=20
& P 500         =20
740.74           &=
nbsp;           &n=
bsp;=20
970.42 =20
+229.68           =
 +31%=20
<BR>S & P 100         =20
719.98           &=
nbsp;=20
split     459.94 =20
+199.90           =
=20
+28%<BR>Nasdaq          =
; =20
1291.04           =
           =20
1570.35 =20
+279.31           =
=20
+22%<BR>30 year =
Bond         =20
6.63%           &n=
bsp;           &nb=
sp; =20
5.92%<BR><BR>Ken <BR><A=20
href=3D"http://www.agoraoutlook.com">www.agoraoutlook.com</A></DIV>
<DIV>The information contained in this commentary is based upon data =
that is=20
believed to be accurate, but is not guaranteed, and subject to change =
without=20
notice.  All projections, forecasts, opinions, and track records =
cannot be=20
guaranteed  to equal our past performance.  Persons reading =
this are=20
responsible for their actions.  Officers and employees of this =
publication=20
may at times have a position in the securities mentioned, or related=20
services.<BR></DIV></DIV></BODY></HTML>

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- -

------------------------------

Date: Wed, 31 Dec 1997 18:46:45 -0500
From: "sboone" <[e-mail]>
Subject: Re: [CANSLIM] Stocks to learn from.

This is a multi-part message in MIME format.

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You never go broke taking a profit.   I like that connie, one bite of =
the apple at a time.
    -----Original Message-----
    From: Connie Mack Rea <[e-mail]>
    To: canslim <[e-mail]>
    Date: Wednesday, December 31, 1997 9:28 AM
    Subject: [CANSLIM] Stocks to learn from.
   =20
   =20
    Members--=20
    Should any member have taken a position in TTNP, he should be =
sitting nicely.  I doubled down from 5.25 to 5 and sold one half of my =
position at 5.625.  I hope to sell one quarter at 6 and the remaining =
quarter at 6.25. Did you notice the action in the last 15 minutes.  =
Shorters frequently cover in the final minutes=20

    I hope to get back in on a retreat.  You might wish to pull up my =
initial comments on TTNP.=20

    There is no reason to let loose of any stock that you may still =
hold.  There would seem to be resistance at 6.25 or so.  See what the =
stock does at that level.=20

    This morning there are two stocks with characteristics that can =
benefit the trader|investor.  The first is LOGN.=20

    I have day traded this stock three times this month.  Note how price =
is being controlled by someone.  If you can rely on the control, there =
is easy money for the trader.  Before I trade the stock again, I want to =
see what it will do at the new level.=20

    Further points: [1] Notice how the stock has held to the 20MA. [2] =
The OBV continued to rise while the stock held in place.  [3] The Money =
Flow also rose while the stock held.  The divergences between [2] and =
[3] and price is what you are looking for; these are powerful indicators =
even when they are not in divergence.  But when they show bullish =
divergence, as here, they are still more powerful.  TTNP had a similar =
chart.=20

    The second stock is VSAT.  Here is another stock that has very short =
term divergence between price and OBV|Money Flow.  The divergence occurs =
only in the last 3-4 days.  If the stock rises today, my 3|7|10 =
indicator will probably give a buy.=20

    My strategy this morning is anticipatory: I will guess that the =
stock will advance and will try to buy a bit at yesterday's close and =
double down for a half point or so.  I rarely double down on any stock =
that does not show a divergence [as mentioned above].=20

    I presently own MU, ORCL, AMD, VECO, and AWIN; I  am modestly up in =
each. With the exception of VECO and AWIN, I bought the others on the =
come. I have one short that is going no where.  I hope to close it out =
at break-even this morning.=20

    Remember that I always take a look at the market at the opening =
before I make any final decisions.  I will relax my concern some when I =
try to buy VSAT.  I have already commented on TTNP.  Investors can view =
VSAT and TTNP as legitimate longer term buys.=20

    If you get a profit, tell yourself that you'll never take a loss.  =
Sell some part of your lot when you have profit; then let the other be =
free to advance still further.  You never go broke taking a profit.=20

    Connie Mack=20


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<HTML>
<HEAD>

<META content=3Dtext/html;charset=3Diso-8859-1 =
http-equiv=3DContent-Type>
<META content=3D'"MSHTML 4.72.2106.6"' name=3DGENERATOR>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>You never go broke taking a profit.<B></B> <FONT =
color=3D#000000=20
size=3D2>  I like that connie, one bite of the apple at a =
time.</FONT></DIV>
<BLOCKQUOTE=20
style=3D"BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: =
5px">
    <DIV><FONT face=3DArial size=3D2><B>-----Original =
Message-----</B><BR><B>From:=20
    </B>Connie Mack Rea <<A=20
    href=3D"mailto:[e-mail]">[e-mail]</A>><BR><B>To: =
</B>canslim=20
    <<A=20
    =
href=3D"mailto:[e-mail]">[e-mail]</A>&g=
t;<BR><B>Date:=20
    </B>Wednesday, December 31, 1997 9:28 AM<BR><B>Subject: =
</B>[CANSLIM] Stocks=20
    to learn from.<BR><BR></DIV></FONT><B>Members--</B><B></B>=20
    <P><B>Should any member have taken a position in TTNP, he should be =
sitting=20
    nicely.  I doubled down from 5.25 to 5 and sold one half of my =
position=20
    at 5.625.  I hope to sell one quarter at 6 and the remaining =
quarter at=20
    6.25. Did you notice the action in the last 15 minutes.  =
Shorters=20
    frequently cover in the final minutes</B><B></B>=20
    <P><B>I hope to get back in on a retreat.  You might wish to =
pull up my=20
    initial comments on TTNP.</B><B></B>=20
    <P><B>There is no reason to let loose of any stock that you may =
still=20
    hold.  There would seem to be resistance at 6.25 or so.  =
See what=20
    the stock does at that level.</B><B></B>=20
    <P><B>This morning there are two stocks with characteristics that =
can=20
    benefit the trader|investor.  The first is LOGN.</B><B></B>=20
    <P><B>I have day traded this stock three times this month.  =
Note how=20
    price is being controlled by someone.  If you can rely on the =
control,=20
    there is easy money for the trader.  Before I trade the stock =
again, I=20
    want to see what it will do at the new level.</B><B></B>=20
    <P><B>Further points: [1] Notice how the stock has held to the 20MA. =
[2] The=20
    OBV continued to rise while the stock held in place.  [3] The =
Money=20
    Flow also rose while the stock held.  The divergences between =
[2] and=20
    [3] and price is what you are looking for; these are powerful =
indicators=20
    even when they are not in divergence.  But when they show =
bullish=20
    divergence, as here, they are still more powerful.  TTNP had a =
similar=20
    chart.</B><B></B>=20
    <P><B>The second stock is VSAT.  Here is another stock that has =
very=20
    short term divergence between price and OBV|Money Flow.  The =
divergence=20
    occurs only in the last 3-4 days.  If the stock rises today, my =
3|7|10=20
    indicator will probably give a buy.</B><B></B>=20
    <P><B>My strategy this morning is anticipatory: I will guess that =
the stock=20
    will advance and will try to buy a bit at yesterday's close and =
double down=20
    for a half point or so.  I rarely double down on any stock that =
does=20
    not show a divergence [as mentioned above].</B><B></B>=20
    <P><B>I presently own MU, ORCL, AMD, VECO, and AWIN; I  am =
modestly up=20
    in each. With the exception of VECO and AWIN, I bought the others on =
the=20
    come. I have one short that is going no where.  I hope to close =
it out=20
    at break-even this morning.</B><B></B>=20
    <P><B>Remember that I always take a look at the market at the =
opening before=20
    I make any final decisions.  I will relax my concern some when =
I try to=20
    buy VSAT.  I have already commented on TTNP.  Investors =
can view=20
    VSAT and TTNP as legitimate longer term buys.</B><B></B>=20
    <P><B>If you get a profit, tell yourself that you'll never take a=20
    loss.  Sell some part of your lot when you have profit; then =
let the=20
    other be free to advance still further.  You never go broke =
taking a=20
    profit.</B><B></B>=20
    <P><B>Connie Mack</B> </P></BLOCKQUOTE></BODY></HTML>

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------------------------------

Date: Thu, 1 Jan 1998 08:31:42 +0200
From: "David S. Pinhasik" <[e-mail]>
Subject: Re: [CANSLIM] Watching these Wednesday

Sorry Tom, could you explain the following in Novice terms, I just did'nt
catch it.

David

> Remember on
>microcap thinly traded stocks you don't have to eat the typically large
>spread. You can try to go in between with a limit order and under the new
>rules they have to show you unless you complicate it with special conditions
>like all or none (AON).


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