- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 03 Aug 2001 09:07:06 EDT
From: Spencer48@aol.com
Subject: Re: [CANSLIM] Ian and Tom - Subject Matter Pertains to Potential or Non CANSL...
Steff:
I'm on vacation, so I don't have access to my old mail (just my new mail). This is why I may not be quoting Tom accurately or in full-but I believe I am.
Tom wrote to me, concerning my objection to the 47% management ownership. He said (and I believe this was his reason)that there is unlikely to be a huge dumping of EBAY by mgt because management is restricted by Federal law from selling more than 3% at one time of the shares each one of mgt owns.
However, I'd still feel hinky about mgt owning so much. Also, my other objections still apply. I, also, might add that if we were in a bull market, I'd probably reconsider my ROE, long handle and large float reservations.
jans
On July 30th, steff@csrlink.net wrote:
Thanks Jans
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, July 28, 2001 11:42 PM
Subject: Re: [CANSLIM] Ian and Tom - Subject Matter Pertains to Potential or
Non CANSL...
> Stef:
>
> Yes, you should have asked the question.
>
> EBAY has most of CANSLIM's characterisitics (except for one major
> proviso: The market is not bullish). It's annual and quarterly earnings
are
> very nice (as are its quarterly sales). Its ROE is only 6% (I believe WON
> prefers around 15-17%), and the float is 143 million shares (in the past
WON
> said to keep away from stocks with floats of more than 100 million shares,
> his reason being that with so many shares out the stock is less likely to
> move quickly).
>
> Also, management owns 47% of the shares outstanding. Now you'd want
> management to have a stake in its own company-but 47% seems kind of
top-heavy
> to me (for example, if some high management official whose in the know
> decides to sell, everyone in management could sell. This would dump a lot
of
> supply in the market).
>
> As for its chart: I don't know when you wrote your original post on
> EBAY (you don't say), but to me it looks currently as though it has made a
> long cup (with the lips in Sept. and June, and right now is working on the
> handle. To me the handle seems as if it will be commensurately long (ie.
it
> will take some time to complete).
>
> I say this because the market is weak right now, and I don't believe
> EBAY will BO until the market turns. Also, I believe I read somewhere
that
> in WON's experience, long-forming- cups usually precede longish handles.
> (Watch what EBAY does in relation to the 50 day moving average. Notice
that
> it has tested it, and now it is below the 50 again. Before it can BO, it
> must rise above the 50 again-and preferably it should be on high volume.)
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 3 Aug 2001 08:00:01 -0600
From: owner-canslim@xmission.com (Jeff Salisbury)
Subject: [CANSLIM] Accessing the discussion canslim archives...
From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message.
Here are the two ways to access the archives:
1. The best way is to use your web browser. To browse the archives, point your browser to:
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 03 Aug 2001 10:10:32 EDT
From: Spencer48@aol.com
Subject: Re: [CANSLIM] MME
Patti,
Good point. I'm a libertarian, so I believe people should look out for themselves (the fewer laws the better); however, helping others to conserve capital is both a nice gesture-and anyone who has lost most-if not all of their capital-must appreciate Patti's caution that-especially in this market-one should follow WON's CANSLIM program and trade stocks with strong fundamentals.
However, for a newbie to stock trade in this crazy market is crazy. And remember: Conserving Capital is neccessary in order to continue to buy stock in the stock market (much less in order to buy food at the corner market).
jans
On August 2, 2001 curry2@clnk.com wrote:
You have been able to make some good gains on swing trading ( buying a stock based on chart and technical indicators with little or no regard to fundies) so you can afford to be more bold. And there is nothing wrong with learning to make profits this way. But I would request that you please consider putting a disclaimer in your subject line (or first sentence of the body of the e-mail) that it is a swing trade/non- CANSLIM stock. I am smart enough to figure this out on my own but maybe the newer members are not aware that you are mainly swing trading and not doing what the rest of us are here to discuss and learn about.
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 03 Aug 2001 15:45:51 EDT
From: Spencer48@aol.com
Subject: Re: [CANSLIM] fundamentals
BIKEAR:
I have a good book on fundamentals. I won't be home till around 8/20. If noone has suggested a book on fundamentals by that time, write the question again in Canslim, and I'll send you the name and author of the book.
jans
On August 3,2001 BIKEAR@aol.com wrote:
looking at the market guide profile of a stock...does anyone know of a book
at I can get to understand the fundamentals better...thanks jan
