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2001-05-09
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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #1354
Reply-To: canslim
Sender: owner-canslim-digest@lists.xmission.com
Errors-To: owner-canslim-digest@lists.xmission.com
Precedence: bulk
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X-No-Archive: yes
canslim-digest Thursday, May 10 2001 Volume 02 : Number 1354
In this issue:
[CANSLIM] re: [canslim] adding to a current position
Re: [CANSLIM] OFIX
Re: [CANSLIM] OFIX
Re: [CANSLIM] OFIX
Re: [CANSLIM] OFIX
Re: [CANSLIM] OFIX
Re: EPIQ (was Re: [CANSLIM] ALLY Analysis + EPIQ article)
Re: [CANSLIM] OFIX
Re: [CANSLIM] OFIX
Re: [CANSLIM] re: [canslim] adding to a current position
RE: [CANSLIM] OFIX
Re: [CANSLIM] WLSN broke out on a large volume increase today.
Re: [CANSLIM] Canslim/Haiku
Re: [CANSLIM] OFIX
Re: [CANSLIM] OFIX
Re: [CANSLIM] re: [canslim] adding to a current position
[CANSLIM] cpmments on evg and kmp?
[CANSLIM] FEIC
----------------------------------------------------------------------
Date: Wed, 9 May 2001 20:14:31 -0700
From: "Tracie Oken" <imtoken@yahoo.com>
Subject: [CANSLIM] re: [canslim] adding to a current position
This is a multi-part message in MIME format.
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What are the CANSLIM rules for adding to your position on a stock? I =
have a couple of stocks, SERO and SKX, that are up 25% and 12.5% =
respectively for the last week and a half and continuing to show =
strength. Do you wait for a pull back and a new base then another =
breakout? Don't want to buy if over extended and risk wiping out =
original investment but also want to maximize my profits.
Thanks for your help
Tracie Oken
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charset="iso-8859-1"
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<META http-equiv=3DContent-Type content=3D"text/html; =
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<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#f0e8d8>
<DIV><FONT face=3DArial size=3D2>What are the CANSLIM rules for adding =
to your=20
position on a stock? I have a couple of stocks, SERO and SKX, that =
are up=20
25% and 12.5% respectively for the last week and a half and continuing =
to show=20
strength. Do you wait for a pull back and a new base then another=20
breakout? Don't want to buy if over extended and risk wiping out =
original=20
investment but also want to maximize my profits.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for your help</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Tracie Oken</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV></BODY></HTML>
- ------=_NextPart_000_02BB_01C0D8C4.A811C3A0--
- -
- -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: Wed, 9 May 2001 23:13:34 EDT
From: Vanchee1@aol.com
Subject: Re: [CANSLIM] OFIX
- --part1_5f.14b4c27f.282b615e_boundary
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Oh, I didn't realize that canslim investing would yield a minimum percentage
gain before it would be considered canslim investing, boy have I been missing
the boat. So enlighten me and tell me what that magic percentage gain is that
I need to wait for, and by the way while your at it how many years do I wait
for that magic percentage.
Chris.
- --part1_5f.14b4c27f.282b615e_boundary
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<HTML><FONT FACE=arial,helvetica><FONT SIZE=2>Oh, I didn't realize that canslim investing would yield a minimum percentage
<BR>gain before it would be considered canslim investing, boy have I been missing
<BR>the boat. So enlighten me and tell me what that magic percentage gain is that
<BR>I need to wait for, and by the way while your at it how many years do I wait
<BR>for that magic percentage.
<BR>
<BR>Chris.</FONT></HTML>
- --part1_5f.14b4c27f.282b615e_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: Wed, 09 May 2001 21:30:21 -0600
From: esetser <esetser@covad.net>
Subject: Re: [CANSLIM] OFIX
From HTMMIS (that would be the CANSLIM book by William O'Neil in case you
missed it), page 107, under "When to be patient and hold a stock"
#2 "...You should give securities 13 weeks after your first purchase week
before you conclude that a stock that hasn't moved is a dull, faulty
selection. This, of course, applies only if the stock did not reach your
defensive sell price first."
I guess your message seemed to encourage an approach very different to this.
At 11:13 PM 5/9/01 EDT, you wrote:
>Oh, I didn't realize that canslim investing would yield a minimum
percentage
>gain before it would be considered canslim investing, boy have I been
missing
>the boat. So enlighten me and tell me what that magic percentage gain is
that
>I need to wait for, and by the way while your at it how many years do I
wait
>for that magic percentage.
>
>Chris.
- -
- -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: Wed, 9 May 2001 23:37:45 EDT
From: Vanchee1@aol.com
Subject: Re: [CANSLIM] OFIX
- --part1_cc.14a54b76.282b6709_boundary
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I have read all of WO books but don't follow all of what his books advocate.
I add my own ingredients to his recipe. I do like most of what he says but
not to the letter.
Chris.
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Content-Transfer-Encoding: 7bit
<HTML><FONT FACE=arial,helvetica><FONT SIZE=2>I have read all of WO books but don't follow all of what his books advocate.
<BR>I add my own ingredients to his recipe. I do like most of what he says but
<BR>not to the letter.
<BR>
<BR>Chris.</FONT></HTML>
- --part1_cc.14a54b76.282b6709_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: Wed, 9 May 2001 23:40:27 EDT
From: Spencer48@aol.com
Subject: Re: [CANSLIM] OFIX
Thank, Tom.
jans
In a message dated 5/9/2001 9:24:06 PM Eastern Daylight Time,
stkguru@netside.net writes:
<< sorry, jans, I failed to address your second question. My
understanding of "Management N/A" is that management owns such a
small position as to be negligible. Thus, by definition, the
difference between the issue (shares outstanding) and the float
(assuming DGO has correct and current data) is held by outsiders.
It may be restricted, or it may be freely tradable, or it may be
held under some covenant between the company and the holder (e.g.
negotiated in a private placement). Restrictions between the
company and the holder are usually easier to remove, but there is
no such thing in the securities industry as a permanent
restriction if the company is agreeable. >>
- -
- -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: Wed, 9 May 2001 21:26:35 -0700
From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] OFIX
Re-read Chapter 10. One of the interesting things about canslim is learning
to let the market tell you when to sell or hold, not just at a
pre-determined price.There are I believe 36 selling rules and 5 holding
rules. I've had my book 3 years and still have to refer to this area. Last
year I went back over my 1998-99 investing season to compare it to the
selling rules of the book. Now that was an interesting task! While I made
some good money (heck, we all did in those days) I stood to make a lot more
had I more patience.
I should also point out that at the end of the chapter it says," Achieving
giant profits in a stock usually takes one to three years time and
patience". The last paragraph reads," You've just read one of the most
valuble chapters in this book". I have to agree!
- -Bill Triffet
- ----- Original Message -----
From: <Vanchee1@aol.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, May 09, 2001 8:13 PM
Subject: Re: [CANSLIM] OFIX
> Oh, I didn't realize that canslim investing would yield a minimum
percentage
> gain before it would be considered canslim investing, boy have I been
missing
> the boat. So enlighten me and tell me what that magic percentage gain is
that
> I need to wait for, and by the way while your at it how many years do I
wait
> for that magic percentage.
>
> Chris.
>
- -
- -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: Wed, 09 May 2001 21:29:50 -0700
From: Joe Maguire <firedudejoe@earthlink.net>
Subject: Re: EPIQ (was Re: [CANSLIM] ALLY Analysis + EPIQ article)
Tom ..nice work schedule...no wonder your info is good ..Best, Joe
Maguire
Tom Worley wrote:
> I am currently averaging about two or so hours on the weekend
> reviewing the DGO List, plus another 5 or so hours reviewing my
> watch lists and lists of new highs I accumulated during the week.
> Monday thru Fri I likely spend about 4-5 hours per day in all,
> but at least half of that is reading emails from this group,
> looking at charts of stocks mentioned, and replying to some of
> the group and private email. The rest of the time is simply
> maintaining my market awareness by my global roaming, reading
> stories of what is going on in the European and Asian markets,
> etc. At work I probably spend less than half an hour a day, and
> that is spent checking quotes of what I own.
>
> So I guess it's in the neighborhood of about 40 hours / week in
> total. I consider it all to be CANSLIM related, certainly
> investment related.
>
> Tom Worley
> stkguru@netside.net
>
> ----- Original Message -----
> From: David Bojanowski <dbojanowski@csreit.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, May 09, 2001 2:18 PM
> Subject: RE: EPIQ (was Re: [CANSLIM] ALLY Analysis + EPIQ
> article)
>
> Just curious....how much time per week do you spend on CANSLIM?
>
> -----Original Message-----
> From: Tom Worley [mailto:stkguru@netside.net]
> Sent: Tuesday, May 08, 2001 7:53 PM
> To: canslim@lists.xmission.com
> Subject: Re: EPIQ (was Re: [CANSLIM] ALLY Analysis + EPIQ
> article)
>
> Hi Anna,
>
> Lots of looking at charts, lots of time reviewing lists, lots of
> watching stocks that go up without me, or go down. Lots of
> mistakes (buying some of the ones that went down). Lots of years
> learning I don't have to chase stocks like a rabid dog, and
> learning there will always be another one I like if I just keep
> looking.
>
> Patience has become my greatest ally (second to EPIQ at the
> moment).
>
> Tom Worley
> stkguru@netside.net
>
> -
> -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: Wed, 09 May 2001 23:33:13 -0700
From: Dan <dcash@compuall.net>
Subject: Re: [CANSLIM] OFIX
I see nothing wrong in booking some profit if one discerns (by whatever means
one is relying upon) that that profit is vaporizing! I do not think we are
counseled to wait for the 8% loss from purchase price.
Dan
Bill Triffet wrote:
> Re-read Chapter 10. One of the interesting things about canslim is learning
> to let the market tell you when to sell or hold, not just at a
> pre-determined price.There are I believe 36 selling rules and 5 holding
> rules. I've had my book 3 years and still have to refer to this area. Last
> year I went back over my 1998-99 investing season to compare it to the
> selling rules of the book. Now that was an interesting task! While I made
> some good money (heck, we all did in those days) I stood to make a lot more
> had I more patience.
>
> I should also point out that at the end of the chapter it says," Achieving
> giant profits in a stock usually takes one to three years time and
> patience". The last paragraph reads," You've just read one of the most
> valuble chapters in this book". I have to agree!
>
> -Bill Triffet
>
> ----- Original Message -----
> From: <Vanchee1@aol.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, May 09, 2001 8:13 PM
> Subject: Re: [CANSLIM] OFIX
>
> > Oh, I didn't realize that canslim investing would yield a minimum
> percentage
> > gain before it would be considered canslim investing, boy have I been
> missing
> > the boat. So enlighten me and tell me what that magic percentage gain is
> that
> > I need to wait for, and by the way while your at it how many years do I
> wait
> > for that magic percentage.
> >
> > Chris.
> >
>
> -
> -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: Thu, 10 May 2001 07:26:19 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] OFIX
This is a multi-part message in MIME format.
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Chris, in my opinion, you follow very little of CANSLIM or what WON =
teaches. Forget "not to the letter", very few I know do, everyone =
tailors it to suit their style, risk tolerance, time to watch the =
market, etc. But far too often, you are hardly in the alphabet, much =
less on target with even half of the letters C A N S L I M. This group =
is a CANSLIM group, that's what it's for, and we get many new members =
that may think you know what you are doing, and follow your lead.=20
Frankly, I am tired of having to watch out for your day trading posts, =
and check out the stocks, so that new members are not caught in your =
trap. If you really understand CANSLIM enough to know when your stocks =
are not a legitimate candidate, then say so in your subject line so I, =
and many others, can simply hit delete.
Tom Worley
stkguru@netside.net
----- Original Message -----=20
From: Vanchee1@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 09, 2001 11:37 PM
Subject: Re: [CANSLIM] OFIX
I have read all of WO books but don't follow all of what his books =
advocate.=20
I add my own ingredients to his recipe. I do like most of what he says =
but=20
not to the letter.=20
Chris.=20
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<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>Chris, in my opinion, you follow very little of =
CANSLIM or=20
what WON teaches. Forget "not to the letter", very few I know do, =
everyone=20
tailors it to suit their style, risk tolerance, time to watch the =
market, etc.=20
But far too often, you are hardly in the alphabet, much less on target =
with even=20
half of the letters C A N S L I M. This group is a CANSLIM group, that's =
what=20
it's for, and we get many new members that may think you know what you =
are=20
doing, and follow your lead. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Frankly, I am tired of having to watch out for your =
day=20
trading posts, and check out the stocks, so that new members are not =
caught in=20
your trap. If you really understand CANSLIM enough to know when your =
stocks are=20
not a legitimate candidate, then say so in your subject line so I, and =
many=20
others, can simply hit delete.</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:Vanchee1@aol.com" =
title=3DVanchee1@aol.com>Vanchee1@aol.com</A>=20
</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> Wednesday, May 09, 2001 =
11:37=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
OFIX</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>I have read =
all of WO=20
books but don't follow all of what his books advocate. <BR>I add my =
own=20
ingredients to his recipe. I do like most of what he says but <BR>not =
to the=20
letter. <BR><BR>Chris.</FONT> </FONT></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0035_01C0D922.8211E460--
- -
- -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: Thu, 10 May 2001 08:09:48 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] re: [canslim] adding to a current position
This is a multi-part message in MIME format.
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Hi Tracie,
WON says, on page 106 (1st Ed, HTMMIS) "The winning investor's objective =
should be to have one or two winners rather than dozens of very small =
profits (this is in bold). It is much better to have a number of small =
losses and a few very big profits. One way to maneuver your portfolio =
toward concentrated positions is to follow up and make one or two =
smaller additional buys in stocks that have advanced 2 to 3% or so above =
your original or last purchase price. At the same time, sell and =
eliminate those that start to show losses, before they become big =
losses."
Many people following CANSLIM may buy half the position they intend to =
own on the first purchase, then an additional third on the second =
purchase, and the balance on the third (all presuming the chart gives =
you three separate entry points). Each entry point should be evaluated =
the same way as the first one, altho you might not wait for as long a =
base.
Tom Worley
stkguru@netside.net
----- Original Message -----=20
From: Tracie Oken=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 09, 2001 11:14 PM
Subject: [CANSLIM] re: [canslim] adding to a current position
What are the CANSLIM rules for adding to your position on a stock? I =
have a couple of stocks, SERO and SKX, that are up 25% and 12.5% =
respectively for the last week and a half and continuing to show =
strength. Do you wait for a pull back and a new base then another =
breakout? Don't want to buy if over extended and risk wiping out =
original investment but also want to maximize my profits.
=20
Thanks for your help
=20
Tracie Oken
=20
- ------=_NextPart_000_0048_01C0D928.95092E60
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charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
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<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#f0e8d8>
<DIV><FONT size=3D2>Hi Tracie,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>WON says, on page 106 (1st Ed, HTMMIS) "The winning =
investor's=20
objective should be to have one or two winners rather than dozens of =
very small=20
profits (this is in bold). It is much better to have a number of small =
losses=20
and a few very big profits. One way to maneuver your portfolio toward=20
concentrated positions is to follow up and make one or two smaller =
additional=20
buys in stocks that have advanced 2 to 3% or so above your original or =
last=20
purchase price. At the same time, sell and eliminate those that start to =
show=20
losses, before they become big losses."</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Many people following CANSLIM may buy half the =
position they=20
intend to own on the first purchase, then an additional third on the =
second=20
purchase, and the balance on the third (all presuming the chart gives =
you three=20
separate entry points). Each entry point should be evaluated the same =
way as the=20
first one, altho you might not wait for as long a base.</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:imtoken@yahoo.com" title=3Dimtoken@yahoo.com>Tracie =
Oken</A>=20
</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> Wednesday, May 09, 2001 =
11:14=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] re: =
[canslim] adding=20
to a current position</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>What are the CANSLIM rules for adding =
to your=20
position on a stock? I have a couple of stocks, SERO and SKX, =
that are=20
up 25% and 12.5% respectively for the last week and a half and =
continuing to=20
show strength. Do you wait for a pull back and a new base then =
another=20
breakout? Don't want to buy if over extended and risk wiping out =
original investment but also want to maximize my profits.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for your help</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Tracie Oken</FONT></DIV>
<DIV><FONT face=3DArial =
size=3D2></FONT> </DIV></BLOCKQUOTE></BODY></HTML>
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Date: Thu, 10 May 2001 08:49:50 -0500
From: Tony Lumpkin <TLumpkin@clayton.forevernetwork.com>
Subject: RE: [CANSLIM] OFIX
This message is in MIME format. Since your mail reader does not understand
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Chris,
I have to echo what Tom is saying here. I've only been a "lurker" on this
board for the past couple of months, but I've expended way too much time
reading your messages which really don't belong here. Please consider not
posting them unless they are more on topic.
Tony Lumpkin
tlumpkin@earthlink.net <mailto:tlumpkin@earthlink.net>
Chris, in my opinion, you follow very little of CANSLIM or what WON teaches.
Forget "not to the letter", very few I know do, everyone tailors it to suit
their style, risk tolerance, time to watch the market, etc. But far too
often, you are hardly in the alphabet, much less on target with even half of
the letters C A N S L I M. This group is a CANSLIM group, that's what it's
for, and we get many new members that may think you know what you are doing,
and follow your lead.
Frankly, I am tired of having to watch out for your day trading posts, and
check out the stocks, so that new members are not caught in your trap. If
you really understand CANSLIM enough to know when your stocks are not a
legitimate candidate, then say so in your subject line so I, and many
others, can simply hit delete.
Tom Worley
stkguru@netside.net <mailto:stkguru@netside.net>
- ----- Original Message -----
From: Vanchee1@aol.com <mailto:Vanchee1@aol.com>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Wednesday, May 09, 2001 11:37 PM
Subject: Re: [CANSLIM] OFIX
I have read all of WO books but don't follow all of what his books advocate.
I add my own ingredients to his recipe. I do like most of what he says but
not to the letter.
Chris.
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<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=423195213-10052001>Chris,</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=423195213-10052001></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=423195213-10052001>I have
to echo what Tom is saying here. I've only been a "lurker" on this board
for the past couple of months, but I've expended way too much time reading your
messages which really don't belong here. Please consider not posting them
unless they are more on topic.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=423195213-10052001></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=423195213-10052001>Tony
Lumpkin</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=423195213-10052001><A
href="mailto:tlumpkin@earthlink.net">tlumpkin@earthlink.net</A> </SPAN></FONT><FONT
face=Tahoma size=2></DIV>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px"></FONT>
<DIV><FONT size=2>Chris, in my opinion, you follow very little of CANSLIM or
what WON teaches. Forget "not to the letter", very few I know do, everyone
tailors it to suit their style, risk tolerance, time to watch the market, etc.
But far too often, you are hardly in the alphabet, much less on target with
even half of the letters C A N S L I M. This group is a CANSLIM group, that's
what it's for, and we get many new members that may think you know what you
are doing, and follow your lead. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Frankly, I am tired of having to watch out for your day
trading posts, and check out the stocks, so that new members are not caught in
your trap. If you really understand CANSLIM enough to know when your stocks
are not a legitimate candidate, then say so in your subject line so I, and
many others, can simply hit delete.</FONT></DIV>
<DIV> </DIV>
<DIV>Tom Worley<BR><A
href="mailto:stkguru@netside.net">stkguru@netside.net</A></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:Vanchee1@aol.com"
title=Vanchee1@aol.com>Vanchee1@aol.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:canslim@lists.xmission.com"
title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, May 09, 2001 11:37
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] OFIX</DIV>
<DIV><BR></DIV><FONT face=arial,helvetica><FONT size=2>I have read all of WO
books but don't follow all of what his books advocate. <BR>I add my own
ingredients to his recipe. I do like most of what he says but <BR>not to the
letter. <BR><BR>Chris.</FONT> </FONT></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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------------------------------
Date: Thu, 10 May 2001 07:36:25 -0700
From: "Ian" <ianstm@home.com>
Subject: Re: [CANSLIM] WLSN broke out on a large volume increase today.
Man were you right about that. I figured that with 2/3 months blowing out,
the Q would be easy. Better to wait for final announced resluts and outlook.
The nice thing is that I could unload here around $19.25 for a manageable 4%
loss from the $20 1/8 pivot last week. You know you're in a bull market when
that happens. It wasn't long ago that awful news like WLSN's was a guarantee
of a 50% haircut.
Ian
- ----- Original Message -----
From: Tom Worley <stkguru@netside.net>
To: <canslim@lists.xmission.com>
Sent: Monday, April 30, 2001 8:13 PM
Subject: Re: [CANSLIM] WLSN broke out on a large volume increase today.
> Unfortunately, Ian, only speculation on how the 1st qtr may turn
> out, or more importantly how investors, esp institutionals, will
> react to it. Looks like this company loses money for three qtrs,
> then makes it all in the 4th qtr. I can recall my wife and I
> exchanging leather jackets during the post-Christmas sales, so
> understand that.
>
> So maybe the 1st qtr they will lose less than the 5 cents they
> lost last year. But the low trailing PE again, like PIR, suggests
> that expectations are not very high. And with two of the three
> months of Q2 sales already known, still expectation is not
> driving the price higher (if you don't count today). With their
> "big" quarter now out of the way, where's the excitement to drive
> expectations for another nine months. That's one of the problems
> with cyclical stocks heavily focused on one or two qtrs.
>
> Chart wise, I just see the current base from which it broke
> today. The longer term pattern, esp in light of all the other
> background noise ("M", economics, etc) only seem to confuse the
> picture. If this is the handle to a cup, then at seven weeks, it
> is suspiciously long.
>
> Tom Worley
> stkguru@netside.net
>
>
> ----- Original Message -----
> From: Ian <ianstm@home.com>
> To: <canslim@lists.xmission.com>
> Sent: Monday, April 30, 2001 5:00 PM
> Subject: [CANSLIM] WLSN broke out on a large volume increase
> today.
>
>
> I see a nice cup from late August to early March, followed by a
> shallow
> handle. The pivot point was $20 1/8, and there was a nice window
> early this
> morning to get in there. As an added bonus, it also moved past
> its 52-week
> high of $21 1/2 today. Volume was impressive.
>
> They have announced sales results for Feb and Mar (up 25% and
> 34%), so
> perhaps they will have a strong Q and not lose money. WLSN is in
> an
> ultra-lumpy business, so sequential numbers mean nothing, but the
> year-over-year #'s look good - and the P/E is less than 10.
>
> We'll see.
>
> Cheers,
>
> Ian
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
>
>
>
> -
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------------------------------
Date: Thu, 10 May 2001 08:04:19 -0700
From: Tim Fisher <Tim@OreRockOn.com>
Subject: Re: [CANSLIM] Canslim/Haiku
I like the first page of stocks except JKHY is not "pure CANSLIM" as its
GRS is in the toilet. I have noticed that these types of services often
ignore fundies in order to give you something to look at, when in reality
there are very few pure CANSLIM stocks in a C&H at any given time.
On 04:30 PM 5/9/01, DiFabio, Nancy Said:
>I am attaching a daily list of cups and handles from Haiku Laboratories.
>This list is from a trusted source.
>Let me know if this list (especially pcsc)is useful to any of you and if
>you want me to continue to forward it.
>Nancy
Tim Fisher
Ore-Rock-On and Pacific Fishery Biologists WWW Sites
Tim@OreRockOn.com
WWW: http://OreRockOn.com
See naked fish and rocks!
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------------------------------
Date: Thu, 10 May 2001 08:05:46 -0700
From: Tim Fisher <Tim@OreRockOn.com>
Subject: Re: [CANSLIM] OFIX
If you had read HTMMIS, which I doubt you have from your ignorance of the
basic principles of CANSLIM investing, you would know that your target is a
20% gain on each stock. If you don't think it can deliver a 20% gain, then
you shouldn't be here.
On 08:13 PM 5/9/01, Vanchee1@aol.com Said:
>Oh, I didn't realize that canslim investing would yield a minimum percentage
>gain before it would be considered canslim investing, boy have I been missing
>the boat. So enlighten me and tell me what that magic percentage gain is that
>I need to wait for, and by the way while your at it how many years do I wait
>for that magic percentage.
>
>Chris.
Tim Fisher
Ore-Rock-On and Pacific Fishery Biologists WWW Sites
Tim@OreRockOn.com
WWW: http://OreRockOn.com
See naked fish and rocks!
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------------------------------
Date: Thu, 10 May 2001 08:25:24 -0700
From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] OFIX
Dan,
Very true. But when you say "by whatever means one is relying upon", in this
group it should be referring to canslim selling rules - not just a
predermined few point gain. When you go into a trade with the idea, " I'm
going to sell when I make 7%" or some other value, that is not canslim.
- -Bill
- ----- Original Message -----
From: "Dan" <dcash@compuall.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, May 09, 2001 11:33 PM
Subject: Re: [CANSLIM] OFIX
> I see nothing wrong in booking some profit if one discerns (by whatever
means
> one is relying upon) that that profit is vaporizing! I do not think we
are
> counseled to wait for the 8% loss from purchase price.
>
> Dan
>
> Bill Triffet wrote:
>
> > Re-read Chapter 10. One of the interesting things about canslim is
learning
> > to let the market tell you when to sell or hold, not just at a
> > pre-determined price.There are I believe 36 selling rules and 5 holding
> > rules. I've had my book 3 years and still have to refer to this area.
Last
> > year I went back over my 1998-99 investing season to compare it to the
> > selling rules of the book. Now that was an interesting task! While I
made
> > some good money (heck, we all did in those days) I stood to make a lot
more
> > had I more patience.
> >
> > I should also point out that at the end of the chapter it says,"
Achieving
> > giant profits in a stock usually takes one to three years time and
> > patience". The last paragraph reads," You've just read one of the most
> > valuble chapters in this book". I have to agree!
> >
> > -Bill Triffet
> >
> > ----- Original Message -----
> > From: <Vanchee1@aol.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Wednesday, May 09, 2001 8:13 PM
> > Subject: Re: [CANSLIM] OFIX
> >
> > > Oh, I didn't realize that canslim investing would yield a minimum
> > percentage
> > > gain before it would be considered canslim investing, boy have I been
> > missing
> > > the boat. So enlighten me and tell me what that magic percentage gain
is
> > that
> > > I need to wait for, and by the way while your at it how many years do
I
> > wait
> > > for that magic percentage.
> > >
> > > Chris.
> > >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim". Do not use quotes in your email.
>
>
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------------------------------
Date: Thu, 10 May 2001 08:23:24 -0700
From: Tim Fisher <Tim@OreRockOn.com>
Subject: Re: [CANSLIM] re: [canslim] adding to a current position
I don't think there are rules for adding to a position, and if there were,
it would be to look at it as a new purchase, i.e. ignore that you hold it,
and look at the fundies and chart. Would you buy it now? Is it extended? I
rarely add to my positions unless I took a 1/2 position and then decided
the risk was a good one, and could still get in for about what I paid the
first time. I _used to_ average up & down but that was pre-CANSLIM, and I
didn't like the results. Averaged down on DIS and that was a disaster,
pyramided up on DELL and that was a home run, but more losses than gains
resulted as I recall.
On 08:14 PM 5/9/01, Tracie Oken Said:
>What are the CANSLIM rules for adding to your position on a stock? I have
>a couple of stocks, SERO and SKX, that are up 25% and 12.5% respectively
>for the last week and a half and continuing to show strength. Do you wait
>for a pull back and a new base then another breakout? Don't want to buy
>if over extended and risk wiping out original investment but also want to
>maximize my profits.
>
>Thanks for your help
>
>Tracie Oken
>
Tim Fisher
Ore-Rock-On and Pacific Fishery Biologists WWW Sites
Tim@OreRockOn.com
WWW: http://OreRockOn.com
See naked fish and rocks!
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------------------------------
Date: Thu, 10 May 2001 12:03:36 -0400
From: asosis@ca.ibm.com
Subject: [CANSLIM] cpmments on evg and kmp?
Both have good canslim numbers.
What do you think about charts? I am confused about evg: has it broken out
a couple of days ago?
Anna
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------------------------------
Date: Thu, 10 May 2001 11:06:15 -0500
From: Tony Lumpkin <TLumpkin@clayton.forevernetwork.com>
Subject: [CANSLIM] FEIC
I would like some feedback on FEIC.
Good CANSLIM #'s at: 76 81 A A A
3 yr EPS at 0% according to investors.com though.
Broke out today on good volume. Not sure what to call chart formation
though.
Tony Lumpkin
tlumpkin@earthlink.net
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