home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
ftp.xmission.com
/
2014.06.ftp.xmission.com.tar
/
ftp.xmission.com
/
pub
/
lists
/
canslim
/
archive
/
v02.n1327
< prev
next >
Wrap
Internet Message Format
|
2001-04-28
|
42KB
From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #1327
Reply-To: canslim
Sender: owner-canslim-digest@lists.xmission.com
Errors-To: owner-canslim-digest@lists.xmission.com
Precedence: bulk
Content-Transfer-Encoding: quoted-printable
X-No-Archive: yes
canslim-digest Sunday, April 29 2001 Volume 02 : Number 1327
In this issue:
Re: [CANSLIM] DGO List
[CANSLIM] current holdings
RE: [CANSLIM] IGT - a "perfect" CANSLIM??
Re: [CANSLIM] current holdings
Re: [CANSLIM] IGT - a "perfect" CANSLIM??
Re: [CANSLIM] LLUR Entry/Exit Rules
Re: [CANSLIM] IGT - a "perfect" CANSLIM??
Re: [CANSLIM] LLUR Entry/Exit Rules
Re: [CANSLIM] LLUR Entry/Exit Rules
Re: [CANSLIM] LLUR Entry/Exit Rules
Re: [CANSLIM] current holdings
Re: [CANSLIM] LLUR Entry/Exit Rules
RE: [CANSLIM] IGT - a "perfect" CANSLIM??
Re: [CANSLIM] LLUR Entry/Exit Rules
RE: [CANSLIM] LLUR Entry/Exit Rules
----------------------------------------------------------------------
Date: Sat, 28 Apr 2001 16:44:15 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] DGO List
This is a multi-part message in MIME format.
- ------=_NextPart_000_0222_01C0D002.76A7E300
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
"B" for Base, the number following is the nr of weeks it has been =
basing, in my opinion.
Tom Worley
stkguru@netside.net
----- Original Message -----=20
From: dannygottlieb=20
To: canslim@lists.xmission.com=20
Sent: Saturday, April 28, 2001 5:19 PM
Subject: Re: [CANSLIM] DGO List
I guess I am getting slow in my old age(47). Tom, what does the code =
letter B signify in your list?
Danny
----- Original Message -----=20
From: Tom Worley=20
To: CANSLIM=20
Sent: Saturday, April 28, 2001 1:58 PM
Subject: [CANSLIM] DGO List
Full list totaled 245, up strongly from last week's 195. Before that =
it was 171 and 159.
Please remember, this list is my thoughts from just looking at a six =
month chart. It is intended as ideas for a watch list. Any comments like =
"at pivot" or "still buyable" does not in any way mean I am suggesting =
any member should buy the stock.
USLB - B1+
RYL - possible handle forming on the cup
CPN - B2
IGT - cup and handle, volume declining - my analysis posted earlier
TWRI - broke out Friday on less than ADV from a B4, within 4% of =
base, low ADV apparently because most of the issue is locked up (neither =
owned by management or funds, they both have 8%)
CHS - high handle, sharp decline in volume
ESI - short base on base?
CPRT - B2
GCO - almost at pivot
MKT - B2+
BWS - B7, vol and price spike on Friday after 3 weeks of below avg =
volume
EME - B2
MINI - B3
DME - B5
UVV - B5
PIR - volatile B3
ACAI - B3+
OFIX - B2
FDO - B5 below the high
ISCA - B3-
RSG - wedging
FDC - B1+
OMG - 3 days of volume, b/o Thu, crossed the pivot Fri, weak =
earnings forecast
SASOY - B7, low priced
SBMC - B3, tight, low vol
FFCH - b/o Fri from B4, below pivot
MTB - B4
DTE - B3
MATW - b/o Thu from B6, still buyable
BOKF - B5
TGT - b/o Fri on lite vol, at the pivot
EEI - B2, low price, low vol, already on my watch list
BKNG - B7
EDS - B1+ handle on a smooth cup
BANR - B3+
Happy Hunting,
Tom Worley
stkguru@netside.net
=20
- ------=_NextPart_000_0222_01C0D002.76A7E300
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><FONT size=3D2>"B" for Base, the number following is the nr of =
weeks it has=20
been basing, in my opinion.</FONT></DIV>
<DIV> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</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:dannygott@bezeqint.net"=20
title=3Ddannygott@bezeqint.net>dannygottlieb</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:canslim@lists.xmission.com"=20
title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, April 28, 2001 =
5:19=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] DGO =
List</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I guess I am getting slow in my old =
age(47). Tom,=20
what does the code letter B signify in your list?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2> Danny</FONT></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:stkguru@netside.net" =
title=3Dstkguru@netside.net>Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:canslim@xmission.com" =
title=3Dcanslim@xmission.com>CANSLIM</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, April 28, =
2001 1:58=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] DGO =
List</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Full list totaled 245, up strongly from last =
week's 195.=20
Before that it was 171 and 159.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Please remember, this list is my thoughts from =
just=20
looking at a six month chart. It is intended as ideas for a watch =
list. Any=20
comments like "at pivot" or "still buyable" does not in any way mean =
I am=20
suggesting any member should buy the stock.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>USLB - B1+</FONT></DIV>
<DIV><FONT size=3D2>RYL - possible handle forming on the =
cup</FONT></DIV>
<DIV><FONT size=3D2>CPN - B2</FONT></DIV>
<DIV><FONT size=3D2>IGT - cup and handle, volume declining - my =
analysis=20
posted earlier</FONT></DIV>
<DIV><FONT size=3D2>TWRI - broke out Friday on less than ADV from a =
B4, within=20
4% of base, low ADV apparently because most of the issue is locked =
up=20
(neither owned by management or funds, they both have =
8%)</FONT></DIV>
<DIV><FONT size=3D2>CHS - high handle, sharp decline in =
volume</FONT></DIV>
<DIV><FONT size=3D2>ESI - short base on base?</FONT></DIV>
<DIV><FONT size=3D2>CPRT - B2</FONT></DIV>
<DIV><FONT size=3D2>GCO - almost at pivot</FONT></DIV>
<DIV><FONT size=3D2>MKT - B2+</FONT></DIV>
<DIV><FONT size=3D2>BWS - B7, vol and price spike on Friday after 3 =
weeks of=20
below avg volume</FONT></DIV>
<DIV><FONT size=3D2>EME - B2</FONT></DIV>
<DIV><FONT size=3D2>MINI - B3</FONT></DIV>
<DIV><FONT size=3D2>DME - B5</FONT></DIV>
<DIV><FONT size=3D2>UVV - B5</FONT></DIV>
<DIV><FONT size=3D2>PIR - volatile B3</FONT></DIV>
<DIV><FONT size=3D2>ACAI - B3+</FONT></DIV>
<DIV><FONT size=3D2>OFIX - B2</FONT></DIV>
<DIV><FONT size=3D2>FDO - B5 below the high</FONT></DIV>
<DIV><FONT size=3D2>ISCA - B3-</FONT></DIV>
<DIV><FONT size=3D2>RSG - wedging</FONT></DIV>
<DIV><FONT size=3D2>FDC - B1+</FONT></DIV>
<DIV><FONT size=3D2>OMG - 3 days of volume, b/o Thu, crossed the =
pivot Fri,=20
weak earnings forecast</FONT></DIV>
<DIV><FONT size=3D2>SASOY - B7, low priced</FONT></DIV>
<DIV><FONT size=3D2>SBMC - B3, tight, low vol</FONT></DIV>
<DIV><FONT size=3D2>FFCH - b/o Fri from B4, below pivot</FONT></DIV>
<DIV><FONT size=3D2>MTB - B4</FONT></DIV>
<DIV><FONT size=3D2>DTE - B3</FONT></DIV>
<DIV><FONT size=3D2>MATW - b/o Thu from B6, still =
buyable</FONT></DIV>
<DIV><FONT size=3D2>BOKF - B5</FONT></DIV>
<DIV><FONT size=3D2>TGT - b/o Fri on lite vol, at the =
pivot</FONT></DIV>
<DIV><FONT size=3D2>EEI - B2, low price, low vol, already on my =
watch=20
list</FONT></DIV>
<DIV><FONT size=3D2>BKNG - B7</FONT></DIV>
<DIV><FONT size=3D2>EDS - B1+ handle on a smooth cup</FONT></DIV>
<DIV><FONT size=3D2>BANR - B3+</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Happy Hunting,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A></FONT></DIV>
<DIV> </DIV>
<DIV><FONT =
size=3D2></FONT> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0222_01C0D002.76A7E300--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sat, 28 Apr 2001 18:49:35 EDT
From: Vanchee1@aol.com
Subject: [CANSLIM] current holdings
- --part1_103.26f97e2.281ca2ff_boundary
Content-Type: text/plain; charset="US-ASCII"
Content-Transfer-Encoding: 7bit
I would like to share with the group my current holding, I realize these
stocks may not be pure canslim stocks and some may not be canslim candidates
at all, but they do have some canslim characteristics, and it just gives
others some insight on another's current likes in our current market. If
anyone else would like to post their holdings I feel we could all learn a
little. After all anyone interested in the canslim methodology does more
research and stock evaluation than most stock investors, and our holding is
what we feel stronger about than what we may talk about.
SPCH, HOV, NHCH, HOC, DCS, KDE, EDO
Watching ATRO, EASI, MCHM, CNTL
Chris.
- --part1_103.26f97e2.281ca2ff_boundary
Content-Type: text/html; charset="US-ASCII"
Content-Transfer-Encoding: 7bit
<HTML><FONT FACE=arial,helvetica><FONT SIZE=2>I would like to share with the group my current holding, I realize these
<BR>stocks may not be pure canslim stocks and some may not be canslim candidates
<BR>at all, but they do have some canslim characteristics, and it just gives
<BR>others some insight on another's current likes in our current market. If
<BR>anyone else would like to post their holdings I feel we could all learn a
<BR>little. After all anyone interested in the canslim methodology does more
<BR>research and stock evaluation than most stock investors, and our holding is
<BR>what we feel stronger about than what we may talk about.
<BR>
<BR>SPCH, HOV, NHCH, HOC, DCS, KDE, EDO
<BR>
<BR>Watching ATRO, EASI, MCHM, CNTL
<BR>
<BR>Chris.</FONT></HTML>
- --part1_103.26f97e2.281ca2ff_boundary--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sat, 28 Apr 2001 18:34:11 -0600
From: "Patrick Wahl" <pwahl@prodigy.net>
Subject: RE: [CANSLIM] IGT - a "perfect" CANSLIM??
I use Quotes Plus, which has fundamental data on about 8000
stocks, very handy.
On 28 Apr 01, at 14:12, Hiten J Shah wrote:
> Patrick,
>
> Where do you get the quarterly sales and earnings data on the internet?
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl
> Sent: 28 April 2001 14:11
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] IGT - a "perfect" CANSLIM??
>
>
>
>
> On 28 Apr 01, at 6:09, Tom Worley wrote:
>
> > I stopped my review long enough to post this, IGT looks to me to be about
> as good as it gets, even in a good "M".
> >
> > RS 96, EPS 97, ROE 82%, Cash Flow $2.67 compared to last year's earnings
> of $1.81
> >
> > Group A, GRS 96, 5 year earnings growth a weak 20%, but forecast for
> present year is 50% (recently increased) and next year 11% (also recently
> increased)
> >
>
> And, (I just looked it up, not watching it until you mentioned it)
> shows accelerating sales and earnings over the last 4 quarters,
> considered a very good sign.
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sat, 28 Apr 2001 19:49:13 -0700
From: Dan <dcash@compuall.net>
Subject: Re: [CANSLIM] current holdings
<!doctype html public "-//w3c//dtd html 4.0 transitional//en">
<html>
What <b><u>are</u></b> their canslim characteristics, specifically, Chris?
This seems to be the rub with your picks. Why not start there?
<p>Vanchee1@aol.com wrote:
<blockquote TYPE=CITE><font face="arial,helvetica"><font size=-1>I would
like to share with the group my current holding, I realize these</font></font>
<br><font face="arial,helvetica"><font size=-1>stocks may not be pure canslim
stocks and some may not be canslim candidates</font></font>
<br><font face="arial,helvetica"><font size=-1>at all, but they do have
some canslim characteristics, and it just gives</font></font>
<br><font face="arial,helvetica"><font size=-1>others some insight on another's
current likes in our current market. If</font></font>
<br><font face="arial,helvetica"><font size=-1>anyone else would like to
post their holdings I feel we could all learn a</font></font>
<br><font face="arial,helvetica"><font size=-1>little. After all anyone
interested in the canslim methodology does more</font></font>
<br><font face="arial,helvetica"><font size=-1>research and stock evaluation
than most stock investors, and our holding is</font></font>
<br><font face="arial,helvetica"><font size=-1>what we feel stronger about
than what we may talk about.</font></font>
<p><font face="arial,helvetica"><font size=-1>SPCH, HOV, NHCH, HOC, DCS,
KDE, EDO</font></font>
<p><font face="arial,helvetica"><font size=-1>Watching ATRO, EASI, MCHM,
CNTL</font></font>
<p><font face="arial,helvetica"><font size=-1>Chris.</font></font></blockquote>
</html>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sun, 29 Apr 2001 01:07:38 EDT
From: Spencer48@aol.com
Subject: Re: [CANSLIM] IGT - a "perfect" CANSLIM??
Hugh:
Interesting question. WON says that the pivot point is 13 cents above
the right lip BO. I don't think it matters if the BO to the pivot point is
above or below the left lip.
Also, I don't know if you, Tom, noticed it or not, but IGT-after dipping
below the LLUR trendline in late March to early April-is now once again
above that trendline that began in September.
Tom, would you say this is accurate, and if it is, do you think the
stock now portends strength (because it rose once more above the trendline)
or more uncertainty (because it broke the trendline).
jans
In a message dated 4/28/2001 8:12:40 AM Eastern Daylight Time, hfader@usa.net
writes:
<< This one's on my watchlist too. I'll also add to Tom's list of positives
that current price is only about 5% above 50 day MA so risk of being stopped
at 8% is lower.
A question for the group: This stock has already made a new high in the last
couple of weeks. Other stocks such as DRI have done the same. Where do you
set the pivot in cases like this?
>>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sun, 29 Apr 2001 01:35:53 EDT
From: Spencer48@aol.com
Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
Tom:
I don't know if LLUR is not (and never has been) CANSLIM. WON says a
CANSLIM stock (before making one of its bases, eg. C&H) rises at least 30%.
That way you know that it is a strong stock that is just taking a breather.
I imagine C&H's can form in stocks that are in downtrends, but WON ignores
those (as I understand his philosophy as investing in proven strong stocks
that are retracing or consolidating).
What I never understood (and still don't) is that WON also says that a
3rd or 4th stage base is suceptible to failure. This implies that he does
find valid the CANSLIM-basing analysis of the 1st and 2nd stage base of LLURs
(but he never touches on how long in time the total LLUR (ie. the
up-trendline) can be be in order to qualify for CANSLIM status). However, if
3rd or 4th stage bases are likely to fail, why even analyze an LLUR beyond
when the stock touches the up-trendline the 2nd time?
But, As Tom says, such stocks (that have fallen at least twice, and
bounced back up after hitting the up-trendlinehave been sucessful many times
in the Digest's past (and are even successful currently-just look at IGT,
ADVP, and all the other LLURs). Moreover, if the analyst shouldn't fight the
trend, then doesn't WON's belief that 3rd or 4th stage bases are likely to
fail, depend on WON's definition of exactly what are bases and what are
not-and must not this definition be idiosycratic and subjective if one wants
to analyze an LLUR?
Any comments?
jans
In a message dated 4/28/2001 9:41:36 AM Eastern Daylight Time,
stkguru@netside.net writes:
<< Hi Hugh,
Second rule is to recognize that LLUR trading is not really
CANSLIM. It was introduced to this group by a former member
trading on behalf of his clients. Once I understood how he was
combining it with CANSLIM, it made sense to consider it.
Basically, he was treating a tight trending pattern as an upward
sloping base, then buying off that base at its low, and holding
as long as it didn't violate the pattern.
>>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sun, 29 Apr 2001 05:52:29 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] IGT - a "perfect" CANSLIM??
I think the whole charts suggests strength. That it is above the
LLUR trendline simply means no overhead resistance, and also
suggests the possibility that it will resume a LLUR formation,
rather than a massive b/o.
Tom Worley
stkguru@netside.net
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, April 29, 2001 1:07 AM
Subject: Re: [CANSLIM] IGT - a "perfect" CANSLIM??
Hugh:
Interesting question. WON says that the pivot point is 13
cents above
the right lip BO. I don't think it matters if the BO to the
pivot point is
above or below the left lip.
Also, I don't know if you, Tom, noticed it or not, but
IGT-after dipping
below the LLUR trendline in late March to early April-is now
once again
above that trendline that began in September.
Tom, would you say this is accurate, and if it is, do you
think the
stock now portends strength (because it rose once more above the
trendline)
or more uncertainty (because it broke the trendline).
jans
In a message dated 4/28/2001 8:12:40 AM Eastern Daylight Time,
hfader@usa.net
writes:
<< This one's on my watchlist too. I'll also add to Tom's list of
positives
that current price is only about 5% above 50 day MA so risk of
being stopped
at 8% is lower.
A question for the group: This stock has already made a new high
in the last
couple of weeks. Other stocks such as DRI have done the same.
Where do you
set the pivot in cases like this?
>>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sun, 29 Apr 2001 06:00:47 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
jans,
A true LLUR is not a 3rd or 4th (or whatever) stage base stock. A
LLUR never really bases, certainly not for the recommended 6-8
weeks.
WON would not avoid an otherwise quality CANSLIM stock simply
because it is entering a 3rd or 4th stage base, but he would be
more careful with it (because it is more prone to failure), and
might enter it with less volume, or with a tighter stop.
A true LLUR will move up and consolidate, move up and
consolidate, etc. Some can do this for several years duration.
In some cases, if you look back to where they originally started
their LLUR formation, you will find that there was CANSLIM based
reasons for having bot it then. In other cases, it may have been
coming off a low, and took some time before RS or EPS or other
factors deserved CANSLIM attention. Each is different.
Tom Worley
stkguru@netside.net
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, April 29, 2001 1:35 AM
Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
Tom:
I don't know if LLUR is not (and never has been) CANSLIM.
WON says a
CANSLIM stock (before making one of its bases, eg. C&H) rises at
least 30%.
That way you know that it is a strong stock that is just taking a
breather.
I imagine C&H's can form in stocks that are in downtrends, but
WON ignores
those (as I understand his philosophy as investing in proven
strong stocks
that are retracing or consolidating).
What I never understood (and still don't) is that WON also
says that a
3rd or 4th stage base is suceptible to failure. This implies
that he does
find valid the CANSLIM-basing analysis of the 1st and 2nd stage
base of LLURs
(but he never touches on how long in time the total LLUR (ie.
the
up-trendline) can be be in order to qualify for CANSLIM status).
However, if
3rd or 4th stage bases are likely to fail, why even analyze an
LLUR beyond
when the stock touches the up-trendline the 2nd time?
But, As Tom says, such stocks (that have fallen at least
twice, and
bounced back up after hitting the up-trendlinehave been sucessful
many times
in the Digest's past (and are even successful currently-just look
at IGT,
ADVP, and all the other LLURs). Moreover, if the analyst
shouldn't fight the
trend, then doesn't WON's belief that 3rd or 4th stage bases are
likely to
fail, depend on WON's definition of exactly what are bases and
what are
not-and must not this definition be idiosycratic and subjective
if one wants
to analyze an LLUR?
Any comments?
jans
In a message dated 4/28/2001 9:41:36 AM Eastern Daylight Time,
stkguru@netside.net writes:
<< Hi Hugh,
Second rule is to recognize that LLUR trading is not really
CANSLIM. It was introduced to this group by a former member
trading on behalf of his clients. Once I understood how he was
combining it with CANSLIM, it made sense to consider it.
Basically, he was treating a tight trending pattern as an upward
sloping base, then buying off that base at its low, and holding
as long as it didn't violate the pattern.
>>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: 29 Apr 2001 07:04:33 -0700
From: "Tim Fisher" <tim@orerockon.com>
Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
Ian Woodward had a great discussion of 3-stage breakouts entitled
"Cha-Cha-Cha" about 18 months ago on his site. Dunno if it's still there
but it was a great analysis of stocks that double or triple in stages then
correct severely. Applies to many of the techs during the last bull.
At 06:00 AM 4/29/2001 -0400, you wrote:
>jans,
>
>A true LLUR is not a 3rd or 4th (or whatever) stage base stock. A
>LLUR never really bases, certainly not for the recommended 6-8
>weeks.
>
>WON would not avoid an otherwise quality CANSLIM stock simply
>because it is entering a 3rd or 4th stage base, but he would be
>more careful with it (because it is more prone to failure), and
>might enter it with less volume, or with a tighter stop.
>
>A true LLUR will move up and consolidate, move up and
>consolidate, etc. Some can do this for several years duration.
>In some cases, if you look back to where they originally started
>their LLUR formation, you will find that there was CANSLIM based
>reasons for having bot it then. In other cases, it may have been
>coming off a low, and took some time before RS or EPS or other
>factors deserved CANSLIM attention. Each is different.
>
>Tom Worley
>stkguru@netside.net
>
>
>----- Original Message -----
>From: <Spencer48@aol.com>
>To: <canslim@lists.xmission.com>
>Sent: Sunday, April 29, 2001 1:35 AM
>Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
>
>
>Tom:
>
> I don't know if LLUR is not (and never has been) CANSLIM.
>WON says a
>CANSLIM stock (before making one of its bases, eg. C&H) rises at
>least 30%.
>That way you know that it is a strong stock that is just taking a
>breather.
>I imagine C&H's can form in stocks that are in downtrends, but
>WON ignores
>those (as I understand his philosophy as investing in proven
>strong stocks
>that are retracing or consolidating).
>
> What I never understood (and still don't) is that WON also
>says that a
>3rd or 4th stage base is suceptible to failure. This implies
>that he does
>find valid the CANSLIM-basing analysis of the 1st and 2nd stage
>base of LLURs
> (but he never touches on how long in time the total LLUR (ie.
>the
>up-trendline) can be be in order to qualify for CANSLIM status).
>However, if
>3rd or 4th stage bases are likely to fail, why even analyze an
>LLUR beyond
>when the stock touches the up-trendline the 2nd time?
>
> But, As Tom says, such stocks (that have fallen at least
>twice, and
>bounced back up after hitting the up-trendlinehave been sucessful
>many times
>in the Digest's past (and are even successful currently-just look
>at IGT,
>ADVP, and all the other LLURs). Moreover, if the analyst
>shouldn't fight the
>trend, then doesn't WON's belief that 3rd or 4th stage bases are
>likely to
>fail, depend on WON's definition of exactly what are bases and
>what are
>not-and must not this definition be idiosycratic and subjective
>if one wants
>to analyze an LLUR?
>
> Any comments?
>
>jans
>
>
>
>In a message dated 4/28/2001 9:41:36 AM Eastern Daylight Time,
>stkguru@netside.net writes:
>
><< Hi Hugh,
>
> Second rule is to recognize that LLUR trading is not really
> CANSLIM. It was introduced to this group by a former member
> trading on behalf of his clients. Once I understood how he was
> combining it with CANSLIM, it made sense to consider it.
> Basically, he was treating a tight trending pattern as an upward
> sloping base, then buying off that base at its low, and holding
> as long as it didn't violate the pattern.
> >>
>
>-
>-To subscribe/unsubscribe, email "majordomo@xmission.com"
>-In the email body, write "subscribe canslim" or
>-"unsubscribe canslim". Do not use quotes in your email.
>
>
>
>-
>-To subscribe/unsubscribe, email "majordomo@xmission.com"
>-In the email body, write "subscribe canslim" or
>-"unsubscribe canslim". Do not use quotes in your email.
Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: 29 Apr 2001 07:07:30 -0700
From: "Tim Fisher" <tim@orerockon.com>
Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
There are no rules, the pattern is totally made up by a former member of
this group. Chart it with various MAs and find out which MA it trades off
of. This line is then the base. Best to buy on a bounce up from the base on
hvy vol, not at 52-wk highs, as it normally corrects back to the MA from
the high. Almost every stock I hold right now is an LLUR if you look at a 1
yr chart, and many have mini-cups or saucers embedded in this pattern. I
usually buy on the right side of the cup or saucer, since the tendency is
to correct very soon after a B/O.
P.S. I smashed my quadricep with a trencher so don't be surprised if I
spout off more nonsense than usual for me. This phycodan (sp?) is wonderful
stuff!
At 09:03 AM 4/28/2001 -0400, you wrote:
>Occasionally we have discussion of stocks with LLUR (lower left upper right)
>chart patterns. Can anybody post or give a reference to entry and exit rules
>for these? Disregarding fundamentals, lets use EFDS as an example. It looks
>like it has the beginnings of an LLUR. Actually more of a LCUR.
>
>Thanks,
>Hugh
Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: 29 Apr 2001 06:56:16 -0700
From: "Tim Fisher" <tim@orerockon.com>
Subject: Re: [CANSLIM] current holdings
I am holding THQI ATVI ESI HOV SRCL AMFH USPH SGR in my CANSLIM account. I
am holding SEBL in my IRA. Can you guess which account has done better over
the past 3 months? (hint: your first guess will be wrong!)
At 06:49 PM 4/28/2001 -0400, you wrote:
>I would like to share with the group my current holding, I realize these
>stocks may not be pure canslim stocks and some may not be canslim candidates
>at all, but they do have some canslim characteristics, and it just gives
>others some insight on another's current likes in our current market. If
>anyone else would like to post their holdings I feel we could all learn a
>little. After all anyone interested in the canslim methodology does more
>research and stock evaluation than most stock investors, and our holding is
>what we feel stronger about than what we may talk about.
>
>SPCH, HOV, NHCH, HOC, DCS, KDE, EDO
>
>Watching ATRO, EASI, MCHM, CNTL
>
>Chris.
Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: 29 Apr 2001 07:07:30 -0700
From: "Tim Fisher" <tim@orerockon.com>
Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
Therein lies the rub. I see an LLUR as one long, protracted base. Until
they correct or go vertical, I consider them to be "in the base". By that
definition, IGT is in its second stage base looking at the 2-yr chart. I
would buy this one based on the C&H, not the 50 dma, since it is trending
so close to the 50 that I consider it to be within the base and thus still
buyable.
At 01:35 AM 4/29/2001 -0400, you wrote:
>Tom:
>
> I don't know if LLUR is not (and never has been) CANSLIM. WON says a
>CANSLIM stock (before making one of its bases, eg. C&H) rises at least 30%.
>That way you know that it is a strong stock that is just taking a breather.
>I imagine C&H's can form in stocks that are in downtrends, but WON ignores
>those (as I understand his philosophy as investing in proven strong stocks
>that are retracing or consolidating).
>
> What I never understood (and still don't) is that WON also says that a
>3rd or 4th stage base is suceptible to failure. This implies that he does
>find valid the CANSLIM-basing analysis of the 1st and 2nd stage base of LLURs
> (but he never touches on how long in time the total LLUR (ie. the
>up-trendline) can be be in order to qualify for CANSLIM status). However, if
>3rd or 4th stage bases are likely to fail, why even analyze an LLUR beyond
>when the stock touches the up-trendline the 2nd time?
>
> But, As Tom says, such stocks (that have fallen at least twice, and
>bounced back up after hitting the up-trendlinehave been sucessful many times
>in the Digest's past (and are even successful currently-just look at IGT,
>ADVP, and all the other LLURs). Moreover, if the analyst shouldn't fight the
>trend, then doesn't WON's belief that 3rd or 4th stage bases are likely to
>fail, depend on WON's definition of exactly what are bases and what are
>not-and must not this definition be idiosycratic and subjective if one wants
>to analyze an LLUR?
>
> Any comments?
>
>jans
>
>
>
>In a message dated 4/28/2001 9:41:36 AM Eastern Daylight Time,
>stkguru@netside.net writes:
>
><< Hi Hugh,
>
> Second rule is to recognize that LLUR trading is not really
> CANSLIM. It was introduced to this group by a former member
> trading on behalf of his clients. Once I understood how he was
> combining it with CANSLIM, it made sense to consider it.
> Basically, he was treating a tight trending pattern as an upward
> sloping base, then buying off that base at its low, and holding
> as long as it didn't violate the pattern.
> >>
>
>-
>-To subscribe/unsubscribe, email "majordomo@xmission.com"
>-In the email body, write "subscribe canslim" or
>-"unsubscribe canslim". Do not use quotes in your email.
Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: 29 Apr 2001 06:51:27 -0700
From: "Tim Fisher" <tim@orerockon.com>
Subject: RE: [CANSLIM] IGT - a "perfect" CANSLIM??
You can get the current and projected sales (i.e. 2 qtrs worth) at HGS
mining co.
At 02:12 PM 4/28/2001 +0100, you wrote:
>Patrick,
>
>Where do you get the quarterly sales and earnings data on the internet?
>
>-----Original Message-----
>From: owner-canslim@lists.xmission.com
>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl
>Sent: 28 April 2001 14:11
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] IGT - a "perfect" CANSLIM??
>
>
>
>
>On 28 Apr 01, at 6:09, Tom Worley wrote:
>
> > I stopped my review long enough to post this, IGT looks to me to be about
>as good as it gets, even in a good "M".
> >
> > RS 96, EPS 97, ROE 82%, Cash Flow $2.67 compared to last year's earnings
>of $1.81
> >
> > Group A, GRS 96, 5 year earnings growth a weak 20%, but forecast for
>present year is 50% (recently increased) and next year 11% (also recently
>increased)
> >
>
>And, (I just looked it up, not watching it until you mentioned it)
>shows accelerating sales and earnings over the last 4 quarters,
>considered a very good sign.
>
>-
>-To subscribe/unsubscribe, email "majordomo@xmission.com"
>-In the email body, write "subscribe canslim" or
>-"unsubscribe canslim". Do not use quotes in your email.
>
>
>-
>-To subscribe/unsubscribe, email "majordomo@xmission.com"
>-In the email body, write "subscribe canslim" or
>-"unsubscribe canslim". Do not use quotes in your email.
Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sun, 29 Apr 2001 16:04:20 EDT
From: Spencer48@aol.com
Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
Tim:
If there is a tendency to correct soon after the BO, why do you buy
before the correction?
PS-I hope you're quadricep feels better soon.
In a message dated 4/29/2001 10:08:25 AM Eastern Daylight Time,
tim@orerockon.com writes:
<< I
usually buy on the right side of the cup or saucer, since the tendency is
to correct very soon after a B/O. >>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sun, 29 Apr 2001 16:40:29 -0400
From: "Hugh Fader" <hfader@usa.net>
Subject: RE: [CANSLIM] LLUR Entry/Exit Rules
Thanks Tom. As you say EFDS has not been in an uptrend for long hence Lower
Center Upper Right (LCUR). As I noted in my post I wanted to disregard
fundamentals and just talk about the pattern.
I'll summarize your and others' comments now:
1. Look first for CANSLIM fundamentals.
2. Then look for at least a six month uptrend with a well defined channel
preferably with a moving average defining the bottom of the channel.
3. Buy near the bottom of the channel.
4. Sell when the character of the uptrend changes either by breaking the
bottom of the channel or climax runup.
How does that sound?
- - Hugh
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Saturday, April 28, 2001 9:38 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] LLUR Entry/Exit Rules
Hi Hugh,
Second rule is to recognize that LLUR trading is not really
CANSLIM. It was introduced to this group by a former member
trading on behalf of his clients. Once I understood how he was
combining it with CANSLIM, it made sense to consider it.
Basically, he was treating a tight trending pattern as an upward
sloping base, then buying off that base at its low, and holding
as long as it didn't violate the pattern.
But you have to first evaluate the stock based on CANSLIM. That's
the first rule. Looking at your example of EFDS, I see that ROE
is only 6%, and cash flow is only 32 cents vs last year's
earnings of 34 cents. Those are both minor dings. Industry Group
is also C, GRS 43, that's also a negative. But this stock is
ranked # 1, so that's an offset.
So, meets most CANSLIM requirements, is it an LLUR? (I too
haven't figured out your LCUR, BTW)
The basic requirements that the former member was using was at
least one year of consistent pattern in which the trading range
was tight. EFDS is too "young" for that, with only 4 months at
best in the pattern. And during that time, there was considerable
volatility, esp recently. That would violate the pattern and be
cause for an exit. I have found that six months consistent
pattern is reasonably workable, but I require a tight daily
trading range, and less volatility. I have also found that the 50
dma is a good limiter on LLUR patterns.
You can get a better understanding of LLUR if you read up on
channeling patterns, it's essentially the same thing. It amounts
to a consistent trading range that is increasingly higher. Entry
point is at the low end of the channel, exit point (if you are
trading real short term) is at the high side of the channel. If
you are investing mid to long term, then you hold so long as the
lower side of the channel is not broken, or the pattern of LLUR
violated (which could happen with a sudden breakout to the
upside, in which case you make your offering to the stock gods,
say a few thank you's, and watch it like a hawk for your exit).
Because there is no clearly established "base", there is also no
defined support in case of a correction. Thus, you are on your
own to watch closely, and exit quickly. The major key for exiting
is a violation of the LLUR pattern, as I described in my analysis
this morning of IGT.
Tom Worley
stkguru@netside.net
- ----- Original Message -----
From: Hugh Fader <hfader@usa.net>
To: CANSLIM List (E-mail) <canslim@lists.xmission.com>
Sent: Saturday, April 28, 2001 9:03 AM
Subject: [CANSLIM] LLUR Entry/Exit Rules
Occasionally we have discussion of stocks with LLUR (lower left
upper right)
chart patterns. Can anybody post or give a reference to entry and
exit rules
for these? Disregarding fundamentals, lets use EFDS as an
example. It looks
like it has the beginnings of an LLUR. Actually more of a LCUR.
Thanks,
Hugh
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
End of canslim-digest V2 #1327
******************************
To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com"
with "unsubscribe canslim-digest" in the body of the message.
For information on digests or retrieving files and old messages send
"help" to the same address. Do not use quotes in your message.