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canslim-digest        Friday, December 1 2000        Volume 02 : Number 1057



In this issue:

       [CANSLIM] Buys
       Re: [CANSLIM] Buys
       [CANSLIM] Capitulation?
       Re: [CANSLIM] Buys
       Re: [CANSLIM] Market Sentiment???
       [CANSLIM] Changing your canslim subscription
       Re: [CANSLIM] Market Sentiment???
       Re: [CANSLIM] Market Sentiment???
       Re: [CANSLIM] Market Sentiment???
       Re: [CANSLIM] Capitulation?

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

Date: Thu, 30 Nov 2000 16:20:34 -0500
From: "Kutney, Stephen" <[e-mail]>
Subject: [CANSLIM] Buys

In a recent IBD article they talked about placing a buy stop with a limit.
This has to do with the idea of buying a stock as it comes out of a base and
paying no more than 5% beyond the pivot point. Do any brokers do this? I
know that I can't do this on E-Trade using the online menu. Even at that how
do you buy on volume without being in the brokers office?

Stephen Kutney
reply to [e-mail]

- -

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

Date: Thu, 30 Nov 2000 19:48:18 -0700
From: Earl Setser <[e-mail]>
Subject: Re: [CANSLIM] Buys

Fidelity doesn't do this either.

At 04:20 PM 11/30/00 -0500, you wrote:
>In a recent IBD article they talked about placing a buy stop with a limit.
>This has to do with the idea of buying a stock as it comes out of a base and
>paying no more than 5% beyond the pivot point. Do any brokers do this? I
>know that I can't do this on E-Trade using the online menu. Even at that how
>do you buy on volume without being in the brokers office?
>
>Stephen Kutney
>reply to [e-mail]
>
>-
>
>
>

- -

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

Date: Fri, 1 Dec 2000 00:40:04 -0500
From: "Tom Worley" <[e-mail]>
Subject: [CANSLIM] Capitulation?

With 2.7 billion shares trading on Nasdaq today, and over 1.5
billion on NYSE, I am hoping we finally got our blowout selloff
capitulation day. Asia, Japan in particular, is fighting the
trend and bottom fishing for bargains. My Nov and annual bonuses
to my 401K were just credited on Wed, and I already invested part
on Thursday's NAV.

If this heavy volume proves out, I will quickly move the rest of
the cash into my aggressive growth funds. Needless to say, it is
way too early (subject to multiple and repetitious recounts) to
know if we have yet reached a turning point in this dirty, nasty
selloff sparked by earnings warnings, presidential election
uncertainties, warnings of continuing inflation dangers by the
Feds, and anything else that will spook the investor.

Remaining vigilant, time permitting, from the heart of election
ballot voting recounting forever,

PS:

Q: what is the difference between Gore and a puppy?

A: after five weeks the puppy opens his eyes and stops whining!

Tom Worley
[e-mail]
ICQ # 5568838




- -

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

Date: Thu, 30 Nov 2000 22:35:32 -0800
From: "Mike Lucero" <[e-mail]>
Subject: Re: [CANSLIM] Buys

Schwab can do stop limits.

You can't have a stop that checks volume. You could sell it in the morning
if the volume wasn't enough.

Mike

- ----- Original Message -----
From: "Kutney, Stephen" <[e-mail]>
To: <[e-mail]>
Sent: Thursday, November 30, 2000 1:20 PM
Subject: [CANSLIM] Buys


In a recent IBD article they talked about placing a buy stop with a limit.
This has to do with the idea of buying a stock as it comes out of a base and
paying no more than 5% beyond the pivot point. Do any brokers do this? I
know that I can't do this on E-Trade using the online menu. Even at that how
do you buy on volume without being in the brokers office?

Stephen Kutney
reply to [e-mail]

- -




- -

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

Date: Thu, 30 Nov 2000 22:59:37 -0800
From: "Behdad Forghani" <[e-mail]>
Subject: Re: [CANSLIM] Market Sentiment???

Hello,

I always believed that actions speak louder than words. I believe that the
selloff action indicates that the bullishness in Naz is lower than 55%. I
don't think many people touch tech stocks nowadays (at least they don't buy
new issues) and have reach capitulation. Of course, at the moment Naz is a
falling knife.
There was a very interested concept in "The Bear Book : Survive and Profit
in Ferocious Markets" by John Rothchild that often there are local bear and
bull markets. While Nasdaq in the second half of last year was in a bear
market, up to August, the energy and utilities sectors had a bull market. I
believe now there is a small HMO and drug bull market. This is the reason
for checking the industry relative strength.

Does anybody else agree that we have capitulation in Nasdaq?



- ----- Original Message -----
From: "Bill Triffet" <[e-mail]>
To: <[e-mail]>
Sent: Thursday, November 30, 2000 2:36 PM
Subject: [CANSLIM] Market Sentiment???


> Not much to say about the market, but the sentiment indicators are
amazing.
> 55% bullish? Not much room for any real rally to form.
>
> -Bill Triffet
>
>
> -


- -

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

Date: Fri, 1 Dec 2000 08:00:01 -0700
From: [e-mail] (Jeff Salisbury)
Subject: [CANSLIM] Changing your canslim subscription

This is a twice monthly posting to the CANLSLIM group.

Frequently, people sign up for the canslim list and then are overwhelmed by
the volume of the email.  There are three remedies for this problem: 1) You
can leave our group. 2) you can switch to the digest version which
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If you wish to modify your canslim subscription, email a message to:

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If you need further clarification, write me directly at:

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Best Regards,

Jeff Salisbury - CANSLIM list admin / owner


- -

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

Date: 1 Dec 2000 07:13:43 -0800
From: "Tim Fisher" <[e-mail]>
Subject: Re: [CANSLIM] Market Sentiment???

I think the HMO and drug bull is reflected in the HGS lists I post every so
often. I am almost 100% invested in these stocks since I bot on the last
f/t day and haven't had a single stop triggered. I have sold a few at +25%
to preserve profits.That said, I got cratered out of all techs and oils I
have bot recently or that had held up until this week. So going nowhere on
average, but not losing my shorts either. I'm out about $2800 the past few
weeks, of which $2400 is in SEBL, which I can't put a stop on and hadn't
looked at it for 2 weeks until just now (whoops!). I would add homebuilders
to the bull ring. Mine are doing great.

At 10:59 PM 11/30/00 -0800, you wrote:
>Hello,
>
>I always believed that actions speak louder than words. I believe that the
>selloff action indicates that the bullishness in Naz is lower than 55%. I
>don't think many people touch tech stocks nowadays (at least they don't buy
>new issues) and have reach capitulation. Of course, at the moment Naz is a
>falling knife.
>There was a very interested concept in "The Bear Book : Survive and Profit
>in Ferocious Markets" by John Rothchild that often there are local bear and
>bull markets. While Nasdaq in the second half of last year was in a bear
>market, up to August, the energy and utilities sectors had a bull market. I
>believe now there is a small HMO and drug bull market. This is the reason
>for checking the industry relative strength.
>
>Does anybody else agree that we have capitulation in Nasdaq?
>
>
>
>----- Original Message -----
>From: "Bill Triffet" <[e-mail]>
>To: <[e-mail]>
>Sent: Thursday, November 30, 2000 2:36 PM
>Subject: [CANSLIM] Market Sentiment???
>
>
> > Not much to say about the market, but the sentiment indicators are
>amazing.
> > 55% bullish? Not much room for any real rally to form.
> >
> > -Bill Triffet
> >
> >
> > -
>
>
>-

Tim Fisher, 1995 President, Pacific Fishery Biologists
Ore-ROCK-On Rockhounding Web Site
PFB Information
mailto:[e-mail]
WWW http://OreRockOn.com


- -

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

Date: Fri, 1 Dec 2000 09:46:38 -0800
From: "Bill Triffet" <[e-mail]>
Subject: Re: [CANSLIM] Market Sentiment???

I do agree with the idea of local (or narrow sector) bull markets. I tend to
not invest this way as I am much more confident when the general market is
trending up. I sleep better (g). I may dabble a little in just one leading
sector during these times but not enough to make any real gains. I wonder
though if this Medical/Drug rally is too far extended now in that everyone
is talking about it?

- -Bill Triffet
- ----- Original Message -----
From: "Behdad Forghani" <[e-mail]>
To: <[e-mail]>
Sent: Thursday, November 30, 2000 10:59 PM
Subject: Re: [CANSLIM] Market Sentiment???


> Hello,
>
> I always believed that actions speak louder than words. I believe that the
> selloff action indicates that the bullishness in Naz is lower than 55%. I
> don't think many people touch tech stocks nowadays (at least they don't
buy
> new issues) and have reach capitulation. Of course, at the moment Naz is a
> falling knife.
> There was a very interested concept in "The Bear Book : Survive and Profit
> in Ferocious Markets" by John Rothchild that often there are local bear
and
> bull markets. While Nasdaq in the second half of last year was in a bear
> market, up to August, the energy and utilities sectors had a bull market.
I
> believe now there is a small HMO and drug bull market. This is the reason
> for checking the industry relative strength.
>
> Does anybody else agree that we have capitulation in Nasdaq?
>



- -

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

Date: Fri, 01 Dec 2000 11:26:44 -0800
From: Tim Fisher <[e-mail]>
Subject: Re: [CANSLIM] Market Sentiment???

 From my perspective, it is not extended, many of these leaders have based
for a long time, and are ready for 2nd stage breakouts. These rallies
usually fizzle when the leaders' 3rd and 4th stage breakouts are over with
(i.e. the internut rally) and the speculative stocks have done their spike
thing.

On 09:46 AM 12/1/00, Bill Triffet Said:
>I do agree with the idea of local (or narrow sector) bull markets. I tend to
>not invest this way as I am much more confident when the general market is
>trending up. I sleep better (g). I may dabble a little in just one leading
>sector during these times but not enough to make any real gains. I wonder
>though if this Medical/Drug rally is too far extended now in that everyone
>is talking about it?
>
>-Bill Triffet
>----- Original Message -----
>From: "Behdad Forghani" <[e-mail]>
>To: <[e-mail]>
>Sent: Thursday, November 30, 2000 10:59 PM
>Subject: Re: [CANSLIM] Market Sentiment???
>
>
> > Hello,
> >
> > I always believed that actions speak louder than words. I believe that the
> > selloff action indicates that the bullishness in Naz is lower than 55%. I
> > don't think many people touch tech stocks nowadays (at least they don't
>buy
> > new issues) and have reach capitulation. Of course, at the moment Naz is a
> > falling knife.
> > There was a very interested concept in "The Bear Book : Survive and Profit
> > in Ferocious Markets" by John Rothchild that often there are local bear
>and
> > bull markets. While Nasdaq in the second half of last year was in a bear
> > market, up to August, the energy and utilities sectors had a bull market.
>I
> > believe now there is a small HMO and drug bull market. This is the reason
> > for checking the industry relative strength.
> >
> > Does anybody else agree that we have capitulation in Nasdaq?
> >
>
>
>
>-

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

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


- -

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

Date: Fri, 01 Dec 2000 18:31:18 -0700
From: Earl Setser <[e-mail]>
Subject: Re: [CANSLIM] Capitulation?

Did you hear about the survey results?

62% of the people thought Gore should concede.

The other 38% of the people were his lawyers.



At 12:40 AM 12/1/00 -0500, you wrote:
>With 2.7 billion shares trading on Nasdaq today, and over 1.5
>billion on NYSE, I am hoping we finally got our blowout selloff
>capitulation day. Asia, Japan in particular, is fighting the
>trend and bottom fishing for bargains. My Nov and annual bonuses
>to my 401K were just credited on Wed, and I already invested part
>on Thursday's NAV.
>
>If this heavy volume proves out, I will quickly move the rest of
>the cash into my aggressive growth funds. Needless to say, it is
>way too early (subject to multiple and repetitious recounts) to
>know if we have yet reached a turning point in this dirty, nasty
>selloff sparked by earnings warnings, presidential election
>uncertainties, warnings of continuing inflation dangers by the
>Feds, and anything else that will spook the investor.
>
>Remaining vigilant, time permitting, from the heart of election
>ballot voting recounting forever,
>
>PS:
>
>Q: what is the difference between Gore and a puppy?
>
>A: after five weeks the puppy opens his eyes and stops whining!
>
>Tom Worley
>[e-mail]
>ICQ # 5568838
>
>
>
>
>-
>
>
>

- -

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

End of canslim-digest V2 #1057
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