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canslim-digest        Thursday, April 12 2001        Volume 02 : Number 1269



In this issue:

       Re: [CANSLIM] quix
       Re: [CANSLIM] Re: Intro:B. Gregory Fedoriw
       RE: [CANSLIM] so many stocks, so little money
       Re: [CANSLIM] quix
       Re: [CANSLIM] Funds Ownership
       Re: [CANSLIM] Re: Intro:B. Gregory Fedoriw
       Re: [CANSLIM] Funds Ownership
       [CANSLIM] John Adair
       [CANSLIM] Will rally continue?
       RE: [CANSLIM] Will rally continue?
       Re: [CANSLIM] John Adair
       Re: [CANSLIM] Will rally continue?
       Re: [CANSLIM] Will rally continue?
       RE: [CANSLIM] John Adair
       Re: [CANSLIM] Funds Ownership
       RE: [CANSLIM] What is a Pivot?
       RE: [CANSLIM] What is a Pivot?
       [CANSLIM] Today's Opening
       Re: [CANSLIM] Today's Opening
       Re: [CANSLIM] Today's Opening
       Re: [CANSLIM] CHCS is now CHS and is ready to  break out on heavy volume

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

Date: Wed, 11 Apr 2001 20:20:06 -0400
From: "Robert McGill" <[e-mail]>
Subject: Re: [CANSLIM] quix

Quix looks like it trades to a new high, falls back then to slightly under
50 ema.  Next range looks to be 21 to 26. Any ideas who is doing this?
- ----- Original Message -----
From: "Tom Worley" <[e-mail]>
To: <[e-mail]>
Sent: Wednesday, April 11, 2001 7:56 PM
Subject: Re: [CANSLIM] quix


> Funds own 43%, and sales look a little stagnant to me for three
> of past 4 qtrs. But then they also looked that way for 1999, and
> yet 2000 sales were better.
>
> For a thinly traded stock with small float and no options,
> surprised the volume on a good day did not move it further.
>
> Tom Worley
> [e-mail]
>
>
> ----- Original Message -----
> From: Surindra <[e-mail]>
> To: <[e-mail]>
> Sent: Wednesday, April 11, 2001 1:44 PM
> Subject: [CANSLIM] quix
>
>
> QUIX looks like is breaking out on very high volume. I was unable
> to find
> any major news. rs 95, esp 93, I am not sure about the group as
> the company
> is involved in making crash cushions for high ways. Comments
> welcome.
>
> Surindra
>
>
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------------------------------

Date: Wed, 11 Apr 2001 20:28:22 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] Re: Intro:B. Gregory Fedoriw

This is a multi-part message in MIME format.

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    charset="iso-8859-1"
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Welcome, Gregory, this is a much more friendly place than the Pits.

Tom Worley
[e-mail]


  ----- Original Message -----=20
  From: B. Gregory Fedoriw=20
  To: [e-mail]=20
  Sent: Wednesday, April 11, 2001 8:09 PM
  Subject: [CANSLIM] Re: Intro:B. Gregory Fedoriw


  As a new member of this discussion group I'd like to introduce myself.

  My name is Greg Fedoriw. I trade Eurodollar futures on the floor of =
the CME. I've been managing my funds,both qualified and unqualified
  all my life,which lead me to Mr. O'Neil's CANSLIM philosophy. I look =
forward to contributing to this group.

  Sincerely,
  B. Gregory Fedoriw
  [e-mail]=20

- ------=_NextPart_000_0090_01C0C2C5.F4423760
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    charset="iso-8859-1"
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content=3D"text/html; charset=3Diso-8859-1" =
http-equiv=3DContent-Type>
<META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>Welcome, Gregory, this is a much more friendly place =
than the=20
Pits.</FONT></DIV>
<DIV> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:[e-mail]">[e-mail]</A></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: =
0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A href=3D"mailto:[e-mail]" title=[e-mail]>B. =
Gregory=20
  Fedoriw</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
href=3D"mailto:[e-mail]"=20
  title=[e-mail]>[e-mail]</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, April 11, 2001 =
8:09=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Re: Intro:B. =
Gregory=20
  Fedoriw</DIV>
  <DIV><BR></DIV>
  <DIV>As a new member of this discussion group I'd like to introduce=20
  myself.</DIV>
  <DIV> </DIV>
  <DIV>My name is Greg Fedoriw. I trade Eurodollar futures on the floor =
of the=20
  CME. I've been managing my funds,both qualified and unqualified</DIV>
  <DIV>all my life,which lead me to Mr. O'Neil's CANSLIM =
philosophy. I=20
  look forward to contributing to this group.</DIV>
  <DIV> </DIV>
  <DIV>Sincerely,</DIV>
  <DIV>B. Gregory Fedoriw</DIV>
  <DIV><A=20
href=3D"mailto:[e-mail]">[e-mail]</A> </DIV></BLOCKQ=
UOTE></BODY></HTML>

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

Date: Wed, 11 Apr 2001 19:03:45 -0500
From: "John Adair" <[e-mail]>
Subject: RE: [CANSLIM] so many stocks, so little money

Position Sizing seems to be the answer to your delima
Position  Size (P)
C=% of your account you are willing to risk on a position.  Say you have a
trading account of $100,000 and you will risk  1% or $1000.00
R= $1000.00
P(position Size)= C/R
Lets purchase Cisco at close today @ 17.4. I use a stop of 2.5 x the ATR
(ATR today is 1.63)  Therefore 1.63 X 2.5= 4.07.    so your stop is placed
at 13.33 (17.4-4.07)
1R= 4.07
C/R=P    $1000/4.07= 245 shares. If stops are successful your loss will be
1% of your trading account
If you choose to use an 8%  stop R would be  $1.39  ( .08*17.4)
Now use 1000/1.39=719 shares of Cisco


- -----Original Message-----
From: [e-mail]
[mailto:[e-mail]]On Behalf Of Kent Norman
Sent: Tuesday, April 10, 2001 10:00 PM
To: CANSLIM
Subject: [CANSLIM] so many stocks, so little money

so many stocks, so little money

feeling good!
Kent Norman

__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/

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

Date: Wed, 11 Apr 2001 20:36:34 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] quix

My first suspicion would be funds reducing that large percentage
on any rally. Second suspicion would be market makers that are
shorting the stock to fill demand at the highs, then covering
their short either when it falls back down, or by getting
insiders to sell to them cheap if it doesn't.

Tom Worley
[e-mail]


- ----- Original Message -----
From: Robert McGill <[e-mail]>
To: <[e-mail]>
Sent: Wednesday, April 11, 2001 8:20 PM
Subject: Re: [CANSLIM] quix


Quix looks like it trades to a new high, falls back then to
slightly under
50 ema.  Next range looks to be 21 to 26. Any ideas who is doing
this?
- ----- Original Message -----
From: "Tom Worley" <[e-mail]>
To: <[e-mail]>
Sent: Wednesday, April 11, 2001 7:56 PM
Subject: Re: [CANSLIM] quix


> Funds own 43%, and sales look a little stagnant to me for three
> of past 4 qtrs. But then they also looked that way for 1999,
and
> yet 2000 sales were better.
>
> For a thinly traded stock with small float and no options,
> surprised the volume on a good day did not move it further.
>
> Tom Worley
> [e-mail]
>
>
> ----- Original Message -----
> From: Surindra <[e-mail]>
> To: <[e-mail]>
> Sent: Wednesday, April 11, 2001 1:44 PM
> Subject: [CANSLIM] quix
>
>
> QUIX looks like is breaking out on very high volume. I was
unable
> to find
> any major news. rs 95, esp 93, I am not sure about the group as
> the company
> is involved in making crash cushions for high ways. Comments
> welcome.
>
> Surindra
>
>
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>
>
>
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------------------------------

Date: Wed, 11 Apr 2001 20:32:39 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] Funds Ownership

I checked my 1st Edition (revised, wish it was the original!) and
did not find specific nrs mentions, other than regarding the nr
of institutional representation needed.

I would be interested in hearing from someone who has picked up
the new HTMMIS, and whether there is anything specific in it.

Because WON shifted over to big cap stocks so much in the past
few years, I suspect his standards have gone up quite a ways.

Tom Worley
[e-mail]


- ----- Original Message -----
From: Mike Lucero <[e-mail]>
To: <[e-mail]>
Sent: Wednesday, April 11, 2001 7:53 PM
Subject: Re: [CANSLIM] Funds Ownership


I just looked and didn't see it in HTMMIS either.  I forget
exactly where
I've gotten these numbers: the IBD workshop or
TradingMarkets.com. Anyway, I
believe the best range to buy is 5-20%, and the max is 30%. Above
40% you
should be looking to sell.

Mike
- ----- Original Message -----
From: "esetser" <[e-mail]>
To: <[e-mail]>
Sent: Wednesday, April 11, 2001 3:50 PM
Subject: [CANSLIM] Funds Ownership


> Several recent posts have reminded me about WON's suggestion on
limiting
> fund ownership.  This hasn't been something I've used directly,
since it
> was not available in IBD.  Now that I'm paying for DGO, maybe I
should
> reconsider using this as a secondary consideration for purchase
decisions.
>
> So, I decided to pull out my copy of HTMMIS, and review exactly
what the
> guidelines are.  Hmm, I can't find it!!  I guessed I've
misplaced it in
> this mess I call an office.  Could someone take a minute and
refresh me on
> the suggested minimum and maximum fund ownership suggested by
WON in
> HTMMIS.  Thanks.
>
> I don't see any reference to this limit in the 26 week
investing course.
>
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> -To subscribe/unsubscribe, email "[e-mail]"
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>




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

Date: Wed, 11 Apr 2001 17:48:55 -0700
From: "B. Gregory Fedoriw" <[e-mail]>
Subject: Re: [CANSLIM] Re: Intro:B. Gregory Fedoriw

This is a multi-part message in MIME format.

- ------=_NextPart_000_0158_01C0C2AF.ADDBC360
Content-Type: text/plain;
    charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

Thank You. I'm looking forward to this.  :)-




  ----- Original Message -----=20
  From: Tom Worley=20
  To: [e-mail]=20
  Sent: Wednesday, April 11, 2001 5:28 PM
  Subject: Re: [CANSLIM] Re: Intro:B. Gregory Fedoriw


  Welcome, Gregory, this is a much more friendly place than the Pits.

  Tom Worley
  [e-mail]


    ----- Original Message -----=20
    From: B. Gregory Fedoriw=20
    To: [e-mail]=20
    Sent: Wednesday, April 11, 2001 8:09 PM
    Subject: [CANSLIM] Re: Intro:B. Gregory Fedoriw


    As a new member of this discussion group I'd like to introduce =
myself.

    My name is Greg Fedoriw. I trade Eurodollar futures on the floor of =
the CME. I've been managing my funds,both qualified and unqualified
    all my life,which lead me to Mr. O'Neil's CANSLIM philosophy. I look =
forward to contributing to this group.

    Sincerely,
    B. Gregory Fedoriw
    [e-mail]=20

- ------=_NextPart_000_0158_01C0C2AF.ADDBC360
Content-Type: text/html;
    charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content=3D"text/html; charset=3Diso-8859-1" =
http-equiv=3DContent-Type>
<META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Thank You. I'm looking forward to this.  :)-</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: =
0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A href=3D"mailto:[e-mail]" title=[e-mail]>Tom =
Worley</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
  href=3D"mailto:[e-mail]"=20
  title=[e-mail]>[e-mail]</A> =
</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, April 11, 2001 =
5:28=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Re: =
Intro:B.=20
  Gregory Fedoriw</DIV>
  <DIV><BR></DIV>
  <DIV><FONT size=3D2>Welcome, Gregory, this is a much more friendly =
place than=20
  the Pits.</FONT></DIV>
  <DIV> </DIV>
  <DIV>Tom Worley<BR><A=20
  href=3D"mailto:[e-mail]">[e-mail]</A></DIV>
  <DIV> </DIV>
  <DIV> </DIV>
  <BLOCKQUOTE=20
  style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; =
MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV=20
    style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
    <A href=3D"mailto:[e-mail]" title=[e-mail]>B. =
Gregory=20
    Fedoriw</A> </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
    href=3D"mailto:[e-mail]"=20
    title=[e-mail]>[e-mail]</A> </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, April 11, =
2001 8:09=20
    PM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Re: =
Intro:B. Gregory=20
    Fedoriw</DIV>
    <DIV><BR></DIV>
    <DIV>As a new member of this discussion group I'd like to introduce=20
    myself.</DIV>
    <DIV> </DIV>
    <DIV>My name is Greg Fedoriw. I trade Eurodollar futures on the =
floor of the=20
    CME. I've been managing my funds,both qualified and =
unqualified</DIV>
    <DIV>all my life,which lead me to Mr. O'Neil's CANSLIM=20
    philosophy. I look forward to contributing to this group.</DIV>
    <DIV> </DIV>
    <DIV>Sincerely,</DIV>
    <DIV>B. Gregory Fedoriw</DIV>
    <DIV><A=20
  =
href=3D"mailto:[e-mail]">[e-mail]</A> </DIV></BLOCKQ=
UOTE></BLOCKQUOTE></BODY></HTML>

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

Date: Wed, 11 Apr 2001 21:11:45 EDT
From: [e-mail]
Subject: Re: [CANSLIM] Funds Ownership

esetser:

     I got this from the IBD Web Page (Directory->Lessons on
Buying->sponsorship): "In general, a stock should be owned by at least a few
institutions. Some investors may feel tempted to go with a small, obscure
stock in hopes that Wall Street will discover it and send it to the
stratosphere. But that rarely happens. You're much better off concentrating
on stocks the top-performing institutions are already buying. Signs of new
institutional buying emerge all the time, so it's important to watch for
sponsorship changes every day"

     I couldn't find any percent of min and max.  However in HTMMIS on page
39 under the section, "Is It Overowned by Institutions", it says that, "A
stock can also have too much sponsorship and become overowned.....  Excessive
ownership can be adverse since it merely represents large potential selling
if anything goes wrong in the company or the general market."  Also, 3
paragraphs above, it says:  "If a stock has no professional sponsorship,
chances are that its performance will be ... run of the mill. The odds are
that... the more than 1000 institutional investors looked at the stock and
passed it over.  Even if they are wrong, it still takes large buying to
stimulate an important price increase in a security."



In a message dated 4/11/2001 6:51:20 PM Eastern Daylight Time,
[e-mail] writes:

<< Subj:     [CANSLIM] Funds Ownership
 Date:  4/11/2001 6:51:20 PM Eastern Daylight Time
 From:  [e-mail] (esetser)
 Sender:    [e-mail]
 Reply-to:  [e-mail]
 To:    [e-mail]

 Several recent posts have reminded me about WON's suggestion on limiting
 fund ownership.  This hasn't been something I've used directly, since it
 was not available in IBD.  Now that I'm paying for DGO, maybe I should
 reconsider using this as a secondary consideration for purchase decisions.

 So, I decided to pull out my copy of HTMMIS, and review exactly what the
 guidelines are.  Hmm, I can't find it!!  I guessed I've misplaced it in
 this mess I call an office.  Could someone take a minute and refresh me on
 the suggested minimum and maximum fund ownership suggested by WON in
 HTMMIS.  Thanks.

 I don't see any reference to this limit in the 26 week investing course.
  >>

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

Date: Wed, 11 Apr 2001 21:46:43 -0400
From: "Robert McGill" <[e-mail]>
Subject: [CANSLIM] John Adair

ATR=1.63?  What is atr?


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Date: Wed, 11 Apr 2001 21:54:19 -0400
From: "Robert McGill" <[e-mail]>
Subject: [CANSLIM] Will rally continue?

Just looking at a couple big cap techs, csco, chkp, it seems they opened and
closed at their lows?  Does this mean the rally was short-lived?


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Date: Wed, 11 Apr 2001 21:02:57 -0500
From: [e-mail]
Subject: RE: [CANSLIM] Will rally continue?

- --openmail-part-2e7e31c0-00000001
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    ;Creation-Date="Wed, 11 Apr 2001 21:02:57 -0500"
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I believe today to be a distribution day. This is because it opened
higher and closed lower. IBD had once mentioned such a day with higher
volume as being a distribution day.

Regards,
Pritish

- -----Original Message-----
From:    bmcgillatlcom.ne [SMTP:[e-mail]]
Sent:    Wednesday, April 11, 2001 9:54 PM
To:    canslim
Subject:    [CANSLIM] Will rally continue?

Just looking at a couple big cap techs, csco, chkp, it seems they opened
and
closed at their lows?  Does this mean the rally was short-lived?


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Date: Wed, 11 Apr 2001 19:37:22 -0700
From: Dan <[e-mail]>
Subject: Re: [CANSLIM] John Adair

A decent discussion of ATR can be found at:

http://traderclub.com/cgi-bin/discus/show.cgi?107/107 beginning at
Bulletin 10

Robert McGill wrote:

> ATR=1.63?  What is atr?
>
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------------------------------

Date: Wed, 11 Apr 2001 22:44:50 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] Will rally continue?

I guess I don't understand your question, Robert. CSCO closed
today up 1.54 at 17.40. That's a one day gain of 9.7%, hardly a
close at its low, either intraday or of recent days (it closed
13.62 on 4/6, so that's a recovery of nearly 28% in 3 trading
days). CHKP closed up 4.17 today, a 7.2% gain for the day and 49%
up since 4/3.

I would not be embarrassed by these gains in a week, give or take
a day or so.

Tom Worley
[e-mail]


- ----- Original Message -----
From: Robert McGill <[e-mail]>
To: <[e-mail]>
Sent: Wednesday, April 11, 2001 9:54 PM
Subject: [CANSLIM] Will rally continue?


Just looking at a couple big cap techs, csco, chkp, it seems they
opened and
closed at their lows?  Does this mean the rally was short-lived?


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Date: Wed, 11 Apr 2001 22:48:51 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] Will rally continue?

You must be only looking at the DOW, S&P 500, and/or NYSE
Composite. Certainly you could not have looked at the Naz index,
and said this.

Tom Worley
[e-mail]


- ----- Original Message -----
From: <[e-mail]>
To: <[e-mail]>
Sent: Wednesday, April 11, 2001 10:02 PM
Subject: RE: [CANSLIM] Will rally continue?


I believe today to be a distribution day. This is because it
opened
higher and closed lower. IBD had once mentioned such a day with
higher
volume as being a distribution day.

Regards,
Pritish

- -----Original Message-----
From: bmcgillatlcom.ne [SMTP:[e-mail]]
Sent: Wednesday, April 11, 2001 9:54 PM
To: canslim
Subject: [CANSLIM] Will rally continue?

Just looking at a couple big cap techs, csco, chkp, it seems they
opened
and
closed at their lows?  Does this mean the rally was short-lived?


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Date: Wed, 11 Apr 2001 21:53:15 -0500
From: "John Adair" <[e-mail]>
Subject: RE: [CANSLIM] John Adair

ATR is the average true range of a stock. It is a stock indicator of
metastock. It is used as a loose stop  on a volatile stock which will give
you slack for a volatile market in this case the average movement of Cisco
is $1.63 so I subtracted $1.63 from today's close and placed a stop there
 if I get it at todays close price)

- -----Original Message-----
From: [e-mail]
[mailto:[e-mail]]On Behalf Of Dan
Sent: Wednesday, April 11, 2001 9:37 PM
To: [e-mail]
Subject: Re: [CANSLIM] John Adair

A decent discussion of ATR can be found at:

http://traderclub.com/cgi-bin/discus/show.cgi?107/107 beginning at
Bulletin 10

Robert McGill wrote:

> ATR=1.63?  What is atr?
>
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Date: Wed, 11 Apr 2001 21:41:01 -0700
From: DougC <[e-mail]>
Subject: Re: [CANSLIM] Funds Ownership

It's Mark Boucher at TM who uses max. 16% fund ownership as one of the
parameters he looks at when picking stocks. He also says to start unloading
when it hits 40%.

Someone posted here, I believe it was Steve Limbert around 03/31, that in a
WON workship he claimed to prefer Fund ownership of under 5%. But that may
have been from 10 or more years ago.

I know that WON in the past few years has favored higher cap stocks which
naturally had higher fund ownership. But I think that was a function of the
ultra
strong market conditions. That was up until March 00. From there on high fund
ownership was a good condition for shorting stocks.


3 PM 4/11/01 -0700, you wrote:
>I just looked and didn't see it in HTMMIS either.  I forget exactly where
>I've gotten these numbers: the IBD workshop or TradingMarkets.com. Anyway, I
>believe the best range to buy is 5-20%, and the max is 30%. Above 40% you
>should be looking to sell.
>
>Mike
>----- Original Message -----
>From: "esetser" <[e-mail]>
>To: <[e-mail]>
>Sent: Wednesday, April 11, 2001 3:50 PM
>Subject: [CANSLIM] Funds Ownership
>
>
> > Several recent posts have reminded me about WON's suggestion on limiting
> > fund ownership.  This hasn't been something I've used directly, since it
> > was not available in IBD.  Now that I'm paying for DGO, maybe I should
> > reconsider using this as a secondary consideration for purchase decisions.
> >
> > So, I decided to pull out my copy of HTMMIS, and review exactly what the
> > guidelines are.  Hmm, I can't find it!!  I guessed I've misplaced it in
> > this mess I call an office.  Could someone take a minute and refresh me on
> > the suggested minimum and maximum fund ownership suggested by WON in
> > HTMMIS.  Thanks.
> >
> > I don't see any reference to this limit in the 26 week investing course.
> >
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>
>
>
>
>-
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Doug Chiurato
[e-mail]

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Date: Thu, 12 Apr 2001 08:40:31 -0400
From: "Rick Parsons" <[e-mail]>
Subject: RE: [CANSLIM] What is a Pivot?

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nycbWould someone remind me what a pivot is?  Or where I can go to find =
the definiton.

Thanks,
Rick

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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>nycb</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4522.1800" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D310363912-12042001><FONT face=3D"Comic Sans MS" =
color=3D#0000ff=20
size=3D2><STRONG>Would someone remind me what a pivot is?  Or where =
I can go=20
to find the definiton.</STRONG></FONT></SPAN></DIV>
<DIV><SPAN class=3D310363912-12042001><STRONG><FONT face=3D"Comic Sans =
MS"=20
color=3D#0000ff size=3D2></FONT></STRONG></SPAN> </DIV>
<DIV><SPAN class=3D310363912-12042001><STRONG><FONT face=3D"Comic Sans =
MS"=20
color=3D#0000ff size=3D2>Thanks,</FONT></STRONG></SPAN></DIV>
<DIV><SPAN class=3D310363912-12042001><STRONG><FONT face=3D"Comic Sans =
MS"=20
color=3D#0000ff size=3D2>Rick</FONT></STRONG></SPAN></DIV></BODY></HTML>

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

Date: Thu, 12 Apr 2001 08:59:38 -0400
From: Surindra <[e-mail]>
Subject: RE: [CANSLIM] What is a Pivot?

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nycb Pivot Point (or Buy Point)Optimal buy point of a stock as it emerges
from a sound and proper basing area or chart pattern (the most common of
which include the 'cup with handle,' 'flat base' and 'double bottom') and
breaks out into a new high in price. This is the point of least resistance
and has shown, through William J. O'Neil's research, to have the greatest
chance of moving substantially higher based on its current and historical
price and volume activity.
  -----Original Message-----
  From: [e-mail]
[mailto:[e-mail]]On Behalf Of Rick Parsons
  Sent: Thursday, April 12, 2001 8:41 AM
  To: [e-mail]
  Subject: RE: [CANSLIM] What is a Pivot?


  Would someone remind me what a pivot is?  Or where I can go to find the
definiton.

  Thanks,
  Rick

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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>nycb</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4611.1300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2> </FONT>Pivot Point (or Buy Point)Optimal buy =
point of a=20
stock as it emerges from a sound and proper basing area or chart pattern =
(the=20
most common of which include the 'cup with handle,' 'flat base' and =
'double=20
bottom') and breaks out into a new high in price. This is the point of =
least=20
resistance and has shown, through William J. O'Neil's research, to have =
the=20
greatest chance of moving substantially higher based on its current and=20
historical price and volume activity. </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  [e-mail]=20
  [mailto:[e-mail]]<B>On Behalf Of </B>Rick=20
  Parsons<BR><B>Sent:</B> Thursday, April 12, 2001 8:41 AM<BR><B>To:</B> =

  [e-mail]<BR><B>Subject:</B> RE: [CANSLIM] What is a=20
  Pivot?<BR><BR></FONT></DIV>
  <DIV><SPAN class=3D310363912-12042001><FONT face=3D"Comic Sans MS" =
color=3D#0000ff=20
  size=3D2><STRONG>Would someone remind me what a pivot is?  Or =
where I can=20
  go to find the definiton.</STRONG></FONT></SPAN></DIV>
  <DIV><SPAN class=3D310363912-12042001><STRONG><FONT face=3D"Comic Sans =
MS"=20
  color=3D#0000ff size=3D2></FONT></STRONG></SPAN> </DIV>
  <DIV><SPAN class=3D310363912-12042001><STRONG><FONT face=3D"Comic Sans =
MS"=20
  color=3D#0000ff size=3D2>Thanks,</FONT></STRONG></SPAN></DIV>
  <DIV><SPAN class=3D310363912-12042001><STRONG><FONT face=3D"Comic Sans =
MS"=20
  color=3D#0000ff=20
size=3D2>Rick</FONT></STRONG></SPAN></DIV></BLOCKQUOTE></BODY></HTML>

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

Date: Thu, 12 Apr 2001 09:04:32 -0400
From: "Tom Worley" <[e-mail]>
Subject: [CANSLIM] Today's Opening

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Retail Sales fell, and below expectations

PPI fell, also below expectations

Core PPI up 0.1%, below expectations of up 0.2%

New Jobless Claims rose, and higher than expectations

Futures jumped on the news from essentially flat to up 1.5% on Naz, now =
back to even flatter than before.

Going to be a confused opening at this rate, economy is even worse than =
expected, but the Feds now have more leeway, and motivation, for a rate =
cut before the next meeting. Conflicting dynamics.

Now looks like futures heading south a little, guess the fear quotient =
of a Recession stronger for the moment than hopes for a quick Fed rate =
cut.

Tom Worley
[e-mail]



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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content=3D"text/html; charset=3Diso-8859-1" =
http-equiv=3DContent-Type>
<META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>Retail Sales fell, and below =
expectations</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>PPI fell, also below expectations</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Core PPI up 0.1%, below expectations of up =
0.2%</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>New Jobless Claims rose, and higher than=20
expectations</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Futures jumped on the news from essentially flat to =
up 1.5% on=20
Naz, now back to even flatter than before.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Going to be a confused opening at this rate, economy =
is even=20
worse than expected, but the Feds now have more leeway, and motivation, =
for a=20
rate cut before the next meeting. Conflicting dynamics.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Now looks like futures heading south a little, guess =
the fear=20
quotient of a Recession stronger for the moment than hopes for a quick =
Fed rate=20
cut.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Tom Worley<BR><A=20
href=3D"mailto:[e-mail]">[e-mail]</A></FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2></FONT> </DIV></BODY></HTML>

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Date: Thu, 12 Apr 2001 06:19:13 -0700 (PDT)
From: Kent Norman <[e-mail]>
Subject: Re: [CANSLIM] Today's Opening

I am glad to see conflict. Some indicators turn sooner
than others. Conflict can indicate change in trend.

Thanks
Kent Norman


- --- Tom Worley <[e-mail]> wrote:
> Retail Sales fell, and below expectations
<snip>
>
> Going to be a confused opening at this rate, economy
> is even worse than expected, but the Feds now have
> more leeway, and motivation, for a rate cut before
> the next meeting. Conflicting dynamics.
>


__________________________________________________
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------------------------------

Date: Thu, 12 Apr 2001 09:31:57 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] Today's Opening

yeah, except now futures on Naz suggest about a 2.5% gap down on
the opening. Techs have been strong past few days, won't help if
they falter now.

Tom Worley
[e-mail]


- ----- Original Message -----
From: Kent Norman <[e-mail]>
To: <[e-mail]>
Sent: Thursday, April 12, 2001 9:19 AM
Subject: Re: [CANSLIM] Today's Opening


I am glad to see conflict. Some indicators turn sooner
than others. Conflict can indicate change in trend.

Thanks
Kent Norman


- --- Tom Worley <[e-mail]> wrote:
> Retail Sales fell, and below expectations
<snip>
>
> Going to be a confused opening at this rate, economy
> is even worse than expected, but the Feds now have
> more leeway, and motivation, for a rate cut before
> the next meeting. Conflicting dynamics.
>


__________________________________________________
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Date: Thu, 12 Apr 2001 07:40:00 -0600
From: esetser <[e-mail]>
Subject: Re: [CANSLIM] CHCS is now CHS and is ready to  break out on heavy volume

I also agree on this one (CHS) right now.  I don't like the chart as is
enough to buy on a cup with no handle breakout.  Looking at DGO, it's high
in November was 43.50.  What would you opinions be if it formed a nicely
downward sloping handle on lower volume starting at this level and then
broke out on high volume?  I am still watching this one, and would consider
it if a good handle formed at this point.


At 07:42 PM 4/11/01 -0400, you wrote:
>Steve,
>
>I counted back 13 weeks (usually that's too long for a basing
>action, anyway) and see no base. In those 13 weeks, it traded
>from 31.38 to 41.88 (over 30% move) then back to 31.75, and as of
>4/10 to 39.02, up 2.01 for the day.  I agree with Tim, I see
>nothing on this chart to motivate me to watch, much less buy,
>even in good "M".
>
>Tom Worley
>[e-mail]
>
>
>----- Original Message -----
>From: Steve Porter <[e-mail]>
>To: <[e-mail]>
>Sent: Wednesday, April 11, 2001 10:55 AM
>Subject: [CANSLIM] CHCS is now CHS and is ready to break out on
>heavy volume
>
>
>Looks like nice chart, 13 week base, 4 week handle,
>good news today, up over 50% sales from last year,
>instore over 20%
>
>99 99 95 A A C
>
>Caution on ticker change make sure you get up to date
>info...
>
>
>Thoughts?
>
>__________________________________________________
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