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canslim-digest      Tuesday, September 19 2000      Volume 02 : Number 1006



In this issue:

       [CANSLIM] WON Seminar
       [CANSLIM] Oil and Interest rates
       Re: [CANSLIM] Oil and Interest rates
       Re: [CANSLIM] Re. Oneal Seminar Thoughts
       Re: [CANSLIM] WON Seminar
       Re: [CANSLIM] Oil and Interest rates
       [CANSLIM] Chart Update For 9/19
       Re: [CANSLIM] Chart Update For 9/19
       [CANSLIM] Beating down CANSLIM
       Re: [CANSLIM] Beating down CANSLIM

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

Date: Mon, 18 Sep 2000 13:38:13 -0700 (PDT)
From: Steve F <[e-mail]>
Subject: [CANSLIM] WON Seminar

I also attended the WON Seminar in New York City.
When referring to stop losses WON said the reason he
does not use stop losses or recommmends that people do
not submit actual stop loss orders to their brokers is
because the specialists for the stock, the people that
actually control the prices for the stock,would be
able to drop the prices just to pick up the stock at a
lower than market price. He recommeded that people
follow the price of the stock and when it or if it
drops 8%, then sell it.  Just do not leave the actual
stop loss order with your broker specialist.

Referring to trailing stop losses, he said he does not
use them, he follows the rules he has established for
selling stocks, which he noted is the hardest part for
most people to follow, myself included.   He also
noted that the 8% stop is for new money into a stock,
once a stock rises one has more latitude if the stock
falls back.. Just do not let it fall back further than
your original investment.

Keep up the good work everyone,  I do not post often
but read everyday.

__________________________________________________
Do You Yahoo!?
Yahoo! Mail - Free email you can access from anywhere!
http://mail.yahoo.com/

- -

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

Date: Mon, 18 Sep 2000 16:03:27 -0500
From: Kent Norman <[e-mail]>
Subject: [CANSLIM] Oil and Interest rates

OK how about a discussion on oil and interest rates? These should affect
the M right?

My take is that Greenspan had not anticipated the oil price increases
when he started slowing the economy with interest rate hikes. Now we are
going to see a double whammy resulting in inflation and slowing economy
for the next year or more.

Any comments?

Thanks
Kent

- -

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

Date: Mon, 18 Sep 2000 21:06:57 -0400
From: "John Hobbs" <[e-mail]>
Subject: Re: [CANSLIM] Oil and Interest rates

Kent,

I do not see anything about CanSlim Stocks today on a positive note, all
trends what's been presented to the group are all off. I'm just a newbe, but
i tracked recent stock picks (input), everything (majority) down today, yet
market overall not so down. Trend specific to CanSlim list ??

This could be the typical fall "fall", but oil seems to be ignored by
everyone. Everyone optimistic, yet if you listen to BBC there are all kinds
of gas blockades going on in France, followed recently by Britain. Of course
no coverage here in the good ole.

So maybe you have some early indication about "M".

I think Greenspan knows more than he says.

Then there's Mr. Clinton talking about a possible recession, why is he
talking and not leading, sorry, i tread on thin ice with the group protocol,
and being a newbie and all.

But this is just one day note of what's happening. (over the last couple
months never saw so much red on general trade tracking). Is this what
happens every year?

> OK how about a discussion on oil and interest rates? These should affect
> the M right?
>
> My take is that Greenspan had not anticipated the oil price increases



- -

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

Date: Tue, 19 Sep 2000 03:43:23 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] Re. Oneal Seminar Thoughts

Glad to share and contribute for a change, Bill.

Stops and limits used wisely make sense, esp. for those that
cannot frequently watch (or monitor via a pager or cell phone
with alerts) the market when it is actively trading.

The beauty of stops and limits are that you are either done on
your terms, or not at all. I have seen many people, both clients
and fellow brokers, set limits (terms) in a calm, rational, even
intelligent, unemotional manner, then violate all that thought
and study when the stock gets past their limit before they are
executed. Except for those few that were essentially daytraders,
and could watch a stock minute by minute, they were usually
better off letting the stock get away from them. Either it
quickly came back to their limits, or below, or didn't go far
enough that they would have traded it for the short term
(measured in hours or days).

Tom Worley
[e-mail]
ICQ # 5568838


- ----- Original Message -----
From: Bill Triffet <[e-mail]>
To: <[e-mail]>
Sent: Monday, September 18, 2000 3:36 PM
Subject: Re: [CANSLIM] Re. Oneal Seminar Thoughts


Tom,

Thanks for the clarification. Your a wealth of knowelage. I can
see now
where WON would not need to use stops. Perhaps then for those
that are not
able to monitor their holdings, stops are a good thing.

- -Bill




- ----- Original Message -----
From: "Tom Worley" <[e-mail]>
To: <[e-mail]>
Sent: Monday, September 18, 2000 2:36 AM
Subject: Re: [CANSLIM] Re. Oneal Seminar Thoughts


> Not having been at the seminar, it's hard to explain the
> reference, but I'll try.
>
> I know of no "SEC filing" requirement involved with placing a
> stop loss order, regardless of size of the order.
>
> A company "insider" is required to file with the SEC when they
> intend to sell company stock, regardless of quantity. This
filing
> is supposed to be before the fact, however the SEC is so
> negligent that it often occurs afterwards. Even when done on
> time, by the time the filing is available at the SEC site, the
> stock has usually already been sold.
>
> The only "volume related" issue I know of is that a holder of
> over 5% of the issue of a company must file with the SEC when
> they sell a quantity sufficient to take them below 5%. This
> filing is required after the sale takes place. There are also
> filing requirements for specific %age ownership when you are
> buying, 5% and 15% being two levels, and I think there is also
a
> notification requirement for 1% ownership. This applies to all
> share holders, regardless of "insider" or non-insider status.
>
> When you place a (sell) stop loss order on a NYSE or AMEX
listed
> stock, that order is ultimately placed on the books of the
floor
> specialist. Thus one person will be aware of all such orders,
and
> can potentially manipulate the market so those orders are
> triggered (I have seen this happen before, when we placed about
> 20 or so orders on the same stock totaling over 30K shares). In
> less than a minute, the stock suddenly traded down nearly two
> points triggering and executing all the orders. In less than a
> minute later, it was again trading right where it had been.
>
> When you place a (sell) stop loss order on a NASDAQ stock, that
> order is held either by the firm holding your account, or by
> another firm that is a market maker. Thus, in theory, no one
> person is aware of all existing stop loss orders (unless the
> market makers talk to each other when they see a lot of stop
loss
> orders, and I can't rule that out, nor would it likely be
> illegal).
>
> Regardless of where the stock is listed, users of stop loss
> orders tend to use practices that are pretty visible. Either
they
> select a whole dollar limit (eg 29 rather than 29.125 or
28.875)
> or they tend to group up at the same price by looking at
similar
> charts (eg bottom of the base at 43.75 so many stop loss orders
> placed at 43.625). This also makes it easy for the floor
> specialist/market maker to shake loose some stock when needed.
>
> I would not expect WON and associates to ever use any kind of
> limit order (buy, sell, stop) as they not only have the time
> (it's their job, after all) to watch the market but also would
> have both the computer systems to give them continuous live
> quotes, and also to set off audible/visual limit minders. As a
> stockbroker, I never used any limits unless so directed by a
> client, and usually recommended against the practice. Far
better
> to be able to make a human decision at the time and in light of
> what the market was doing at that moment.
>
> When you have a day job, and cannot watch your portfolio
closely,
> limit buy/sell and stop buy/sell orders tend to make more sense
> to the individual investor. When you are in the securities
> industry, living and breathing stocks for 6.5 hours or more a
> day, you tend to lose the perspective of someone with a day job
> outside the industry.
>
> Tom Worley
> [e-mail]
> ICQ # 5568838
>
>
> ----- Original Message -----
> From: Bill Triffet <[e-mail]>
> To: <[e-mail]>
> Sent: Sunday, September 17, 2000 11:54 PM
> Subject: Re: [CANSLIM] Re. Oneal Seminar Thoughts
>
>
> That refereed to O'neals large trade sizes. If he used
stop-loss
> orders,
> other traders could take advantage of it. He also mentioned
> something about
> a filing that is made if he uses them.
>
> Perhaps Tom or one of the other industry pros here could
clarify
> this for
> us.
>
> -Bill
>
> back to lurk mode. (g)
>
> ----- Original Message -----
>
>
>
>
> From: Kent Norman <[e-mail]>
> To: <[e-mail]>
> Sent: Sunday, September 17, 2000 2:35 PM
> Subject: Re: [CANSLIM] Re. Oneal Seminar Thoughts
>
>
> > I have been waiting for someone else to ask, but my curiosity
> is eating
> > me up. What is meant by "the SEC filing red flag" ?
> >
> > Thanks
> > Kent
> >
>
>
>
> -
>
>
>
> -
>
>


- -



- -

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

Date: Tue, 19 Sep 2000 03:46:54 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] WON Seminar

Hi Steve,

You reminded me of my long ago promise to dig out an old (decade
or so) article in a broker's trade journal in which WON espoused
the use of trailing stop losses. Now that I have access to a
scanner, I can even post it to the group in original form.

Tom Worley
[e-mail]
ICQ # 5568838


- ----- Original Message -----
From: Steve F <[e-mail]>
To: <[e-mail]>
Sent: Monday, September 18, 2000 4:38 PM
Subject: [CANSLIM] WON Seminar


I also attended the WON Seminar in New York City.
When referring to stop losses WON said the reason he
does not use stop losses or recommmends that people do
not submit actual stop loss orders to their brokers is
because the specialists for the stock, the people that
actually control the prices for the stock,would be
able to drop the prices just to pick up the stock at a
lower than market price. He recommeded that people
follow the price of the stock and when it or if it
drops 8%, then sell it.  Just do not leave the actual
stop loss order with your broker specialist.

Referring to trailing stop losses, he said he does not
use them, he follows the rules he has established for
selling stocks, which he noted is the hardest part for
most people to follow, myself included.   He also
noted that the 8% stop is for new money into a stock,
once a stock rises one has more latitude if the stock
falls back.. Just do not let it fall back further than
your original investment.

Keep up the good work everyone,  I do not post often
but read everyday.

__________________________________________________
Do You Yahoo!?
Yahoo! Mail - Free email you can access from anywhere!
http://mail.yahoo.com/

- -



- -

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

Date: Tue, 19 Sep 2000 04:03:36 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] Oil and Interest rates

I'll jump in with an early morning comment on this. As I
postulated some months ago, I still think the Feds and Mr. G are
done raising rates for the rest of this year (not just until the
Nov meeting, which occurs after the election).  I also think the
magnitude of the hike in oil pricing is well beyond what Mr. G
anticipated. But that is not a major issue to him and the Fed
Governors in assessing inflation, even tho it does have some
measurable impact on certain companies profits.

Energy pricing is very volatile, and subject to both politics and
governmental jawboning.  The latter has picked up recently both
in intensity, and in the number of complaining consumer nations.
The boycotts and blockades in many areas of Europe (largely led
by truckers and other commercial consumers) places further
pressure on their governments to "talk down" the price of oil
products. Meanwhile, OPEC for a change seems focused on just how
much tax money the respective govts strip out of oil products,
and that certainly suggest to me an eventual outcome - govts
start temporarily lowering the governmental taxation on oil
products in return for OPEC further increasing production.

Likewise, I do not think Mr. G expected such a severe fall in the
Euro, which is also harming corporate profits of the biggest,
global corps.  Helping offset the fear of inflation is the strong
dollar / (weak Euro - yen) which means imports cost less (we are
a net importer) while also pressuring our US sales abroad
(further slowing growth). Net net, the foreign currency exchange
rates provide further reason for the Feds to leave rates alone.

Personally, I like days like today, about the only place to still
find stocks with strong sales and earnings growth, and also
largely unaffected by either the price of oil or the weak Euro,
are some of the small / micro caps. My portfolio of same climbed
over 3% for the day even tho the Russell 2000 index gave up
almost as much as Nasdaq did. Fortunately my "cup of tea" is not
for most investors so, while often boring, I am left alone and
it's fun on days like today (but also offset by my 401 in mid and
large cap stocks, oh well, easy come, easy go, I can't be right
all the time!!)  This is also an interesting market for "fallen
angels" if you are willing to violate most every CANSLIM rule,
and do your homework as well.

Tom Worley
[e-mail]
ICQ # 5568838


- ----- Original Message -----
From: John Hobbs <[e-mail]>
To: <[e-mail]>
Sent: Monday, September 18, 2000 9:06 PM
Subject: Re: [CANSLIM] Oil and Interest rates


Kent,

I do not see anything about CanSlim Stocks today on a positive
note, all
trends what's been presented to the group are all off. I'm just a
newbe, but
i tracked recent stock picks (input), everything (majority) down
today, yet
market overall not so down. Trend specific to CanSlim list ??

This could be the typical fall "fall", but oil seems to be
ignored by
everyone. Everyone optimistic, yet if you listen to BBC there are
all kinds
of gas blockades going on in France, followed recently by
Britain. Of course
no coverage here in the good ole.

So maybe you have some early indication about "M".

I think Greenspan knows more than he says.

Then there's Mr. Clinton talking about a possible recession, why
is he
talking and not leading, sorry, i tread on thin ice with the
group protocol,
and being a newbie and all.

But this is just one day note of what's happening. (over the last
couple
months never saw so much red on general trade tracking). Is this
what
happens every year?

> OK how about a discussion on oil and interest rates? These
should affect
> the M right?
>
> My take is that Greenspan had not anticipated the oil price
increases



- -



- -

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

Date: Mon, 18 Sep 2000 18:49:44 -0700 (PDT)
From: charles maier <[e-mail]>
Subject: [CANSLIM] Chart Update For 9/19

Posted a number of recommendations on clearstation for

SEBL ENE INFS  (ALL JUST BELOW PIVOT)

NTAP IDTI CPN (ALL JUST ABOVE PIVOT)

I am long SEBL and ENE.
NTAP and CPN also look very good.  And very pricey.

Reminder that the NAVY / CSC contract will possibly be
awarded after hours tomorrow.

Chuck

- -

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

Date: Tue, 19 Sep 2000 10:58:34 -0500
From: Kent Norman <[e-mail]>
Subject: Re: [CANSLIM] Chart Update For 9/19

In an environment like this do you think it will be a case of buy on the
rumor - sell on the news?

Just playing devil's advocate !

Wish you well Charles

Kent

charles maier wrote:
<snip>
> Reminder that the NAVY / CSC contract will possibly be
> awarded after hours tomorrow.
>
> Chuck
>
> -

- -

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

Date: 19 Sep 2000 13:34:28 -0700
From: "Tim Fisher" <[e-mail]>
Subject: [CANSLIM] Beating down CANSLIM

Whoever had this theory, today proves it. CANSLIM stocks are being beaten
down en masse. I do not see a single breakout on my too-long watchlist.
Maybe some huge hedge fund has an anti-CANSLIM shorting strategy?

Tim Fisher
Ore-Rock-On and Pacific Fishery Biologists WWW Sites

[e-mail]
WWW: http://OreRockOn.com
See naked fish and rocks!


- -

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

Date: Tue, 19 Sep 2000 15:56:15 -0500
From: Kent Norman <[e-mail]>
Subject: Re: [CANSLIM] Beating down CANSLIM

hee, hee, hee ... perhaps we should start a secret cult so they won't
know what we are up to...
;-)

That's a joke son...

Kent

- --------

Tim Fisher wrote:
>
> Whoever had this theory, today proves it. CANSLIM stocks are being beaten
> down en masse. I do not see a single breakout on my too-long watchlist.
> Maybe some huge hedge fund has an anti-CANSLIM shorting strategy?
>
> Tim Fisher
> Ore-Rock-On and Pacific Fishery Biologists WWW Sites
>
> [e-mail]
> WWW: http://OreRockOn.com
> See naked fish and rocks!
>
> -

- -

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

End of canslim-digest V2 #1006
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