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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #2571
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 Friday, July 5 2002 Volume 02 : Number 2571
In this issue:
Re: [CANSLIM] Yahoo in trouble or wising up?
Re: [CANSLIM] stock screener
RE: [CANSLIM] stock screener
[CANSLIM] pro forma earnings
Re: [CANSLIM] pro forma earnings
Re: [CANSLIM] IBD "Bull" Call
----------------------------------------------------------------------
Date: Thu, 4 Jul 2002 08:58:52 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Yahoo in trouble or wising up?
This is a multi-part message in MIME format.
- ------=_NextPart_000_0044_01C22339.04F888A0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Hi Rocky,
Hah...had to read your message a couple of times before I realized I'd =
accidentally (subconsciously?) written "immerging" instead of "emerging" =
technologies. Pretty funny...must've *really* been thinking about that =
swim....
Love the idea of the wireless virtual reality "immerge".... get to =
work....we need some new emerging technologies to invest in.
Happy 4th to you and All on the list,
Katherine
----- Original Message -----=20
From: Rocky Sanghvi=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 03, 2002 9:27 AM
Subject: RE: [CANSLIM] Yahoo in trouble or wising up?
Interesting you mention 'immerging' technologies Katherine. I still =
see can visualize that one day wireless will be hot again - but not =
until they are able to deliver the richess and content of the "real" =
internet in living color. =20
IMO, This has to involve a virtual reality app and wireless 'immerge'. =
Be plugged in and surf the net. While you're taking the swim. =20
Oh the good old days. =20
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Wednesday, July 03, 2002 10:26 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Yahoo in trouble or wising up?
Kelly,
Interesting you should bring up Yahoo, as there was a very good =
article on the failure of Broadband Internet and reference to Yahoo at =
yesterday's Briefing.com. From a CANSLIM perspective, I think it's an =
important one, as it shows that the technology direction that everybody =
was betting on may not come to fruition. I'm even inclined to mark it =
off my macrotheme list altogether. Up to now, I've been watching for =
signs of the ultimate broadband "killer app" , and technology and/or =
legislation which would solve the last mile problem. Turns out it may =
just not be something we'll need to monitor for some time to come. Darn, =
guess I'll have to do some more studying on immerging =
technologies....but then again, maybe I'll just go take a swim....
Katherine
PS Article pasted after Kelly's message....
- ------=_NextPart_000_0044_01C22339.04F888A0
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charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Hi Rocky,</DIV>
<DIV> </DIV>
<DIV>Hah...had to read your message a couple of times before I realized =
I'd=20
accidentally (subconsciously?) written "immerging" instead of =
"emerging"=20
technologies. Pretty funny...must've *really* been thinking =
about that=20
swim....</DIV>
<DIV> </DIV>
<DIV>Love the idea of the wireless virtual reality "immerge".... get to=20
work....we need some new emerging technologies to invest in.</DIV>
<DIV> </DIV>
<DIV>Happy 4th to you and All on the list,</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Drs@mylodestar.com href=3D"mailto:rs@mylodestar.com">Rocky =
Sanghvi</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 03, 2002 =
9:27=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Yahoo in =
trouble=20
or wising up?</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D034432214-03072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Interesting you mention 'immerging' technologies =
Katherine. I=20
still see can visualize that one day wireless will be hot again - but =
not=20
until they are able to deliver the richess and content of the "real" =
internet=20
in living color. </FONT></SPAN></DIV>
<DIV><SPAN class=3D034432214-03072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D034432214-03072002><FONT face=3DArial =
color=3D#0000ff size=3D2>IMO,=20
This has to involve a virtual reality app and wireless =
'immerge'. =20
Be plugged in and surf the net. While you're taking the =
swim. =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D034432214-03072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D034432214-03072002><FONT face=3DArial =
color=3D#0000ff size=3D2>Oh=20
the good old days. </FONT></SPAN></DIV>
<DIV><SPAN class=3D034432214-03072002></SPAN> </DIV>
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine =
Malm<BR><B>Sent:</B> Wednesday, July 03, 2002 10:26 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Yahoo in =
trouble=20
or wising up?<BR><BR></FONT></DIV>
<DIV>Kelly,</DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT> </DIV>
<DIV>Interesting you should bring up Yahoo, as there was a very good =
article=20
on the failure of Broadband Internet and reference to Yahoo at =
yesterday's=20
Briefing.com. From a CANSLIM perspective, I think it's an =
important one,=20
as it shows that the technology direction that everybody was betting =
on may=20
not come to fruition. I'm even inclined to mark it off my macrotheme =
list=20
altogether. Up to now, I've been watching for signs of the ultimate =
broadband=20
"killer app" , and technology and/or legislation which would solve the =
last=20
mile problem. Turns out it may just not be something we'll need to =
monitor for=20
some time to come. Darn, guess I'll have to do some more studying on =
immerging=20
technologies....but then again, maybe I'll just go take a =
swim....</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>PS Article pasted after Kelly's=20
message....</DIV></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0044_01C22339.04F888A0--
- -
- -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, 4 Jul 2002 11:18:39 -0400
From: "Jim & Helen Carico" <jmcarico@rose.net>
Subject: Re: [CANSLIM] stock screener
Mike,
Can't wait to use this Macro, but please help me get it on my computer. You
instruct me to go to tools and download the macro. From what program?
There is no macro under tools in the IBD. I will have to download it from
you - how? Sorry to be so computer illiterate, but I am sure there are lots
of us out there.
Thanks,
Helen
- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, July 03, 2002 2:55 PM
Subject: [CANSLIM] stock screener
> Hi all,
>
> A while back I promised to be working on a macro that would manipulate
the
> screens of the day from IBD. If you are interested, the attached file is
> the first, ie BETA version of this spreadsheet.
>
> In order to use it, place all of the screens of the day that you have
> downloaded into a single directory. Then, go under TOOLS--> MACROS, and
run
> the macro called fillmastersheet.
>
> What it will do, is open up all the individual files, create a master
list,
> sort it, and total the number of times each company has appeared, along
> with totally the number of files that were read in.
>
> For now, that is all it does, but I would appreciate any feedback that you
> can give. I will try to add additional functionality as time permits.
>
> Thanks
>
> Mike
>
> (See attached file: screenercompiler.zip)
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.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: Thu, 4 Jul 2002 11:56:48 -0400
From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] stock screener
Mike:
How terrific. Had to play with it awhile to get it to work; darn XP
security settings played havoc in the beginning.
Anyway, it searched 64 screens in my folder. I'm not a programmer, but
if you could get it to somehow indicate if the RS of each stock is
rising or falling, that would be cool. I'm sure each screen contains
the RS.
I just know you can do it!
Below are the stocks in my screens occurring more than five times.
Happy 4th to all.
Duke Miller
CHS Chicos Fas Inc 14
CHBS Christopher & Banks Corp 13
GPI Group I Automotive Inc 11
KBH K B Home 11
PENN Penn Natl Gaming Inc 11
ROST Ross Stores Inc 11
AZO Autozone Inc 10
DFXI Direct Focus Inc 10
MIK Michaels Stores Inc 10
SAH Sonic Automotive Cl A 10
ATAC Aftermarket Technology 9
CAKE Cheesecake Factory Inc 9
MDC M D C Holdings Inc 9
PECS Pec Solutions Inc 9
RGIS Regis Corp 9
RYL Ryland Group 9
DHI D R Horton Inc 8
FCN F T I Consulting Inc 8
MHK Mohawk Industries Inc 8
MME Mid Atlantic Med Svc Inc 8
NVR N V R Inc 8
RCII Rent-A-Center Inc 8
ANSS Ansys Inc 7
COH Coach Inc 7
DLTR Dollar Tree Stores Inc 7
DLX Deluxe Corp 7
GTK Gtech Hlds Corp 7
IGT Intl Game Technology 7
KNGT Knight Transportation 7
MNTG M T R Gaming Group 7
MOVI Movie Gallery Inc 7
PII Polaris Industries Inc 7
SLGN Silgan Holdings Inc 7
TOL Toll Brothers Inc 7
ACMR A C Moore Arts & Crafts 6
AHS A M N Healthcare Svcs 6
CDWC C D W Computer Centers 6
DCOM Dime Community Bancshrs 6
HOV Hovnanian Enterprises A 6
JOSB Jos A Bank Clothiers Inc 6
KSWS K Swiss Inc 6
MTH Meritage Corporation 6
NVDA Nvidia Corp 6
PIR Pier One Imports Inc 6
RYAN Ryans Family Steak House 6
SONC Sonic Corp 6
SRCL Stericycle Inc 6
TTIL T T I Team Telecom Intl 6
TUES Tuesday Morning Corp 6
UOPX Apollo-Univ Phoenix Onln 6
WGO Winnebago Industries Inc 6
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Wednesday, July 03, 2002 2:56 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] stock screener
Hi all,
A while back I promised to be working on a macro that would manipulate
the screens of the day from IBD. If you are interested, the attached
file is the first, ie BETA version of this spreadsheet.
In order to use it, place all of the screens of the day that you have
downloaded into a single directory. Then, go under TOOLS--> MACROS, and
run the macro called fillmastersheet.
What it will do, is open up all the individual files, create a master
list, sort it, and total the number of times each company has appeared,
along with totally the number of files that were read in.
For now, that is all it does, but I would appreciate any feedback that
you can give. I will try to add additional functionality as time
permits.
Thanks
Mike
(See attached file: screenercompiler.zip)
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.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: Thu, 4 Jul 2002 11:53:07 -0700
From: "Scott Gettis" <sgettis@ucla.edu>
Subject: [CANSLIM] pro forma earnings
Does anyone know where on the web where you can get free pro forma earnings
numbers?
- -
- -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, 4 Jul 2002 12:04:21 -0700 (PDT)
From: Kent Norman <kent_norman@yahoo.com>
Subject: Re: [CANSLIM] pro forma earnings
As the old accountant said .... "what do you want them to be?"
I can make up any number you want and you don't even have to pay me ;-)
Kent Norman
- --- Scott Gettis <sgettis@ucla.edu> wrote:
> Does anyone know where on the web where you can get free pro forma
> earnings
> numbers?
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
=====
Opportunities always look bigger going than coming.
__________________________________________________
Do You Yahoo!?
Sign up for SBC Yahoo! Dial - First Month Free
http://sbc.yahoo.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: Thu, 4 Jul 2002 23:19:13 -0700
From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] IBD "Bull" Call
This is a multi-part message in MIME format.
- ------=_NextPart_000_0053_01C223B1.358E58A0
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charset="iso-8859-1"
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hi tom-it seems you do a lot more cross-checking then I.One of my most =
important criteria is (N) new product. I feel like if its a great new =
product it will push sales, and sales will hopefully push earnings,and =
earnings will attract moneyflow. I don't always look for positive =
earnings if a lot has been spent on R&D to bring the product to market. =
Then its potential positive earnings -depending on sales and how well =
the company=20
is run. I check the IBD rating for accumulation and distribution( its =
amazing how many small I find with A A+ A-) I also read the sec files =
as best I can to try to detect potential risk. Do my best for low debt, =
but have ignored it for potential sales.Follow the news on each stock =
daily, but that's pretty much with the whole market lately-I am =
beginning to wonder if the mass response to the bad market and the bad =
earnings and management problems is to become a mass of traders moving =
on the news. That's one way to get The analysts back. I believe that =
every action creates a reaction.I try to buy on an uptrend in a =
correction if I miss the start of the trend. I love the graphs at =
clearstation for this. I also check volume daily on IBD charts to see if =
I can detect a major problem arising( going up on low volume =
consecutively, etc.) although I don't always sell there, it depends. I =
look at a stock as I look at hiring a new employee. They are not going =
to be the way you want them to be when you hire them, but if they have =
the potential(product, sales, earnings,ect.) then I am willing to see if =
the management can make them blossom into that thing. I like to hold on =
to it for earnings news if I think its going to be positive, it seem to =
make people take notice and pushes the stock usually. I do the (I) in =
canslim. A lot of them do have institutional sponsorship although slim =
to start. If I see an index buying in or a micro cap fund then it makes =
me feel that they think sales will push earnings also and attract new =
money. I also follow insider tradinf. The (L) they are laggards, but =
most leaders were at one time or another, although not all, I like to =
say laggards with potential. I try to keep it down to one or two =
thousand shares so if one stock tanks the others probably wont. This may =
not be true in the case of a terrorist attach, but I try to find stocks =
who's product will hopefully put them back on the map and not into =
bankruptcy. I know the stocks aren't as liquid but I don't sell without =
a good reason. I know smalls are risky but like Bill O.says "they don't =
all have to be winners-several can lose but a few winners will make you =
great money". If a stock starts to go below the moving averages and the =
trend turns down I sell, I figure I can always get in again when and if =
the problems are resolved. If stock has no new problems that I can find =
and it goes down I figure its just a shakeout and will attract new money =
as soon as the price gets where they want it. I have a couple of stocks =
I could ask you to look at and give me your advice if your in the mood , =
or if you want my opinion on yours I could try to do that also. I know =
this was long but I hope not to boring. zillagirl
I know the markets have been sucky. A couple of my stocks have had =
really low volumn the last few days but they are not losing more then a =
penny or a nickle so how can I complain.
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Thursday, July 04, 2002 6:33 AM
Subject: Re: [CANSLIM] IBD "Bull" Call
Hi zillagirl,
When you start investing in small and micro cap stocks, you are =
already taking on substantially more risk due lack of liquidity, lack of =
analyst coverage (altho lately that may be a blessing), potential for =
running out of cash and not able to raise new capital, and general lack =
of interest from institutional investors if you also are investing in =
low priced stocks as I do. Low priced stocks can substantially raise =
your risk by the spread representing a higher percentage than with =
higher priced or more liquid stocks.
That said, for my personal investing, I look primarily for stocks =
hitting new highs, this satisfies the "N" of CANSLIM without having to =
do research, and also shows that there is no recent overhang in the =
stock, as well as signaling positive momentum in an otherwise dismal =
downtrending dreary depressing "M". The reports at DGO are of no help to =
me in this, as they are limited to about one fourth of all stocks, only =
including the ones that are in the DG books (a marriage that badly needs =
to be severed now that the books get you no discount). You can get lists =
of stocks hitting new daily highs at most any free site, I use =
CBSMarketWatch as it permits me to screen for price and size so I am =
only then looking at small and micro caps within my price range (up to =
$20 currently).
Because of my personal bias against various sectors, I only look at =
stocks of potential interest. I won't look at banks, for instance. Since =
I am not a group follower, another of my many personal CANSLIM sins, =
this doesn't hurt me. In fact some of my best performing stocks this =
year have been in groups ranked E.=20
When I run my daily lists thru DGO, my first focus is on sequential =
earnings and sales. I am more interested in this than on year over year =
sales, as many lack analysts forecasts, so I am on my own for this. If =
both sales and earnings are increasing logically, sequentially and in =
step, then I can assume continued growth for some time in the future, =
again without any initial research. I, and many other investors, can =
form a mental image of what we expect next quarter, and its easy to =
assess the stock's reaction on what is delivered for results.
My next focus is the chart itself. Many by the time I find them are =
already well extended. Doesn't mean I forget about them, I study the =
prior 12 months to see where I might have found them earlier. I look for =
characteristics, is this a stock that builds a long flat base, then =
explodes. Or is it one that signals volume before a big move. Is it a =
LLUR, where I can buy at anytime? Where would it likely consolidate, or =
correct to, such that I might buy on a dip? At the least, I try to learn =
from it. I also look to see if, even extended, I consider it overvalued =
based on earnings growth, projected PE (my own or analysts), market cap =
to sales ratio, ROE, debt (usually zero or negligible). I also look at =
management holdings vs funds and the float.
All this is just the beginning of finding a new company to add to my =
watch list. Then the due diligence really starts, time permitting.
----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 03, 2002 12:13 PM
Subject: Re: [CANSLIM] IBD "Bull" Call
That is similar to what I mean. for example an earnings rule for =
micros might be the first quarter a stocks earnings become =
positive.Example=3D Last quarter earnings -.03 , current quarters =
earnings +.07. This is different then the earnings rules on canslim but =
it is still an earnings rule-just like canslim has earnings rules that =
fit larger cap stocks. This is one of the things I find important. I =
think all the canslim rules would have parallels to use on small and =
micros but if this is true we are not taught those rules or given the =
same info on IBD to decipher the stocks. Sorry about the losses-the =
markets been rough, small cap index is starting down recently.
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 03, 2002 3:44 AM
Subject: Re: [CANSLIM] IBD "Bull" Call
Zillagirl, not sure of your point. I have been using nothing but my =
version of CANSLIM for years, and invested in nothing but small and =
micro caps. I need no other system than CANSLIM, despite the lousy "M" =
we have been having. Granted, I break lots of rules, and it has cost me =
in the past week or so pretty severely, essentially giving up my profits =
for the year due lack of attention and time.
Biggest single difficulty with small and micro caps, aside from a =
lack of liquidity on many if you are buying large positions, is that you =
usually cannot use stop buy or stop sell orders. Most brokers will not =
accept stop orders unless they are NYSE / AMEX listed.
----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 02, 2002 10:58 PM
Subject: Re: [CANSLIM] IBD "Bull" Call
I have a theory on small caps,although Im sure some of you are tired =
of hearing from me today.(smile) there is a lot of money to be made in =
the right small caps. I would almost bet IBD does research in all caps =
- -not just the ones he posts on his site. Esp. for small cap mutual =
funds, etc. Some of them have good earnings, new products, the M is on =
their side right now compared to the other indexes. Someone is buying =
these stocks and making a lot of money on them before they ever hit a =
canslim list.(you can buy a lot more shares at 5.00 then with 25.00 =
eventhough the risk is greater)If in this market the risk can be =
greater. I cant help but think that there is a trading system with =
established % on earnings, growth, etc. but it is not available to us. =
And Im sure it would not be with the same criteria as the canslim =
system we are given. Its great to ride a stock from 5 to 15 or 20 =
dollars and then a whole new set of buyers comes in. I could be wrong =
but if the research is done I feel it should be made available to =
us-buyer beware. In this market when small caps seem to have been hit =
the least and canslim seems to be in reverse half the time, we could =
use more then 'one day the market will turn' from IBD.I would like to =
think bill is protecting us from bad investments but as anyone who read =
my posts today can see-my rose colored glasses got broken somewhere. PS =
dont get me wrong I love canslim but its like following the indexes-when =
they drop - you might have to think about shorting.=20
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 02, 2002 6:15 PM
Subject: Re: [CANSLIM] IBD "Bull" Call
interesting he avoids mentioning the Russell 2000, is it just too =
small for him?
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 02, 2002 9:12 PM
Subject: Re: [CANSLIM] IBD "Bull" Call
Hi Jon,
I've often wondered about that same thing as it's certainly not =
obvious there's a Bull market anywhere in sight if looking at the =
Nasdaq, S&P500 or Dow. Here's an interesting "Ask Bill" from today that =
might "explain" their point of view.
--Katherine
Ask Bill O'Neil 7/2/02
=20
Q: Would you classify the period from late Sept. 2001 to =
Jan. 2002 as a "bull market" or a "bear-market rally"? =20
- Submitted from Thornhill, Canada =20
=20
A: The bear market is alive and kicking on the Nasdaq. But =
the smaller-cap indexes such as the S&P 600 and S&P MidCap 400 are just =
10% to 11% below their all-time highs. For them, the current decline is =
a correction in a bull market. =20
----- Original Message -----=20
From: J. Lobatto=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 02, 2002 8:04 PM
Subject: [CANSLIM] IBD "Bull" Call
I wonder how long IBD is going to continue running that ad I've =
seen there featuring a graphic illustrating how they called the new bull =
market last fall???
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<DIV><FONT face=3DArial size=3D2>hi tom-it seems you do a lot more =
cross-checking=20
then I.One of my most important criteria is (N) new product. I feel like =
if its=20
a great new product it will push sales, and sales will hopefully push=20
earnings,and earnings will attract moneyflow. I don't always look =
for=20
positive earnings if a lot has been spent on R&D to bring the =
product to=20
market. Then its potential positive earnings -depending on sales and how =
well=20
the company </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>is run. I check the =
IBD rating=20
for accumulation and distribution( its amazing how many small I =
find with A=20
A+ A-) I also read the sec files as best I can to try =
to=20
detect potential risk. Do my best for low debt, but have ignored it for=20
potential sales.Follow the news on each stock daily, but that's pretty =
much with=20
the whole market lately-I am beginning to wonder if the mass response to =
the bad=20
market and the bad earnings and management problems is to become a mass =
of=20
traders moving on the news. That's one way to get The =
analysts back. I=20
believe that every action creates a reaction.I try to buy on an uptrend =
in a=20
correction if I miss the start of the trend. I love the graphs at=20
clearstation for this. I also check volume daily on IBD charts to see if =
I can=20
detect a major problem arising( going up on low volume =
consecutively,=20
etc.) although I don't always sell there, it depends. I look at a stock =
as I=20
look at hiring a new employee. They are not going to be the way =
you want=20
them to be when you hire them, but if they have the potential(product, =
sales,=20
earnings,ect.) then I am willing to see if the management can make them =
blossom=20
into that thing. I like to hold on to it for earnings news if I =
think its=20
going to be positive, it seem to make people take notice and pushes the =
stock=20
usually. I do the (I) in canslim. A lot of them do have institutional=20
sponsorship although slim to start. If I see an index buying in or a =
micro cap=20
fund then it makes me feel that they think sales will push earnings also =
and=20
attract new money. I also follow insider tradinf. The (L) they are =
laggards, but=20
most leaders were at one time or another, although not all, I like to =
say=20
laggards with potential. I try to keep it down to one or two =
thousand=20
shares so if one stock tanks the others probably wont. This may not be =
true in=20
the case of a terrorist attach, but I try to find stocks who's product =
will=20
hopefully put them back on the map and not into bankruptcy. I know the =
stocks=20
aren't as liquid but I don't sell without a good reason. I know smalls =
are risky=20
but like Bill O.says "they don't all have to be winners-several can lose =
but a=20
few winners will make you great money". If a stock starts to go below =
the moving=20
averages and the trend turns down I sell, I figure I can always get in =
again=20
when and if the problems are resolved. If stock has no new problems that =
I can=20
find and it goes down I figure its just a shakeout and will attract new =
money as=20
soon as the price gets where they want it. I have a couple of stocks I =
could ask=20
you to look at and give me your advice if your in the mood , or if you =
want my=20
opinion on yours I could try to do that also. I know this was long but I =
hope=20
not to boring. zillagirl</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>I know the markets have been =
sucky. A=20
couple of my stocks have had really low volumn the last few days but =
they are=20
not losing more then a penny or a nickle so how can I =
complain.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, July 04, 2002 =
6:33=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] IBD =
"Bull"=20
Call</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Hi zillagirl,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>When you start investing in small and micro =
cap stocks,=20
you are already taking on substantially more risk due lack of =
liquidity, lack=20
of analyst coverage (altho lately that may be a blessing), potential =
for=20
running out of cash and not able to raise new capital, and general =
lack of=20
interest from institutional investors if you also are investing in low =
priced=20
stocks as I do. Low priced stocks can substantially raise your risk by =
the=20
spread representing a higher percentage than with higher priced or =
more liquid=20
stocks.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>That said, for my personal investing, I look =
primarily=20
for stocks hitting new highs, this satisfies the "N" of CANSLIM =
without having=20
to do research, and also shows that there is no recent overhang in the =
stock,=20
as well as signaling positive momentum in an otherwise dismal=20
downtrending dreary depressing "M". The reports at DGO are of no help =
to me in=20
this, as they are limited to about one fourth of all stocks, only =
including=20
the ones that are in the DG books (a marriage that badly needs to be =
severed=20
now that the books get you no discount). You can get lists of stocks =
hitting=20
new daily highs at most any free site, I use CBSMarketWatch as it =
permits me=20
to screen for price and size so I am only then looking at small and =
micro caps=20
within my price range (up to $20 currently).</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Because of my personal bias against various =
sectors, I=20
only look at stocks of potential interest. I won't look at banks, for=20
instance. Since I am not a group follower, another of my many personal =
CANSLIM=20
sins, this doesn't hurt me. In fact some of my best performing stocks =
this=20
year have been in groups ranked E. </FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>When I run my daily lists thru DGO, my first =
focus is on=20
sequential earnings and sales. I am more interested in this than on =
year over=20
year sales, as many lack analysts forecasts, so I am on my own for =
this. If=20
both sales and earnings are increasing logically, sequentially and in =
step,=20
then I can assume continued growth for some time in the future, again =
without=20
any initial research. I, and many other investors, can form a mental =
image of=20
what we expect next quarter, and its easy to assess the stock's =
reaction on=20
what is delivered for results.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>My next focus is the chart itself. Many by the =
time I=20
find them are already well extended. Doesn't mean I forget about them, =
I study=20
the prior 12 months to see where I might have found them earlier. I =
look for=20
characteristics, is this a stock that builds a long flat base, then =
explodes.=20
Or is it one that signals volume before a big move. Is it a LLUR, =
where I can=20
buy at anytime? Where would it likely consolidate, or correct to, such =
that I=20
might buy on a dip? At the least, I try to learn from it. I also look =
to see=20
if, even extended, I consider it overvalued based on earnings growth,=20
projected PE (my own or analysts), market cap to sales ratio, ROE, =
debt=20
(usually zero or negligible). I also look at management holdings vs =
funds and=20
the float.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>All this is just the beginning of finding a =
new company=20
to add to my watch list. Then the due diligence really starts, time=20
permitting.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Wednesday, July 03, 2002 12:13 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] IBD "Bull" Call</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>That is similar to what I mean. =
for example=20
an earnings rule for micros might be the first quarter a stocks=20
earnings become positive.Example=3D Last quarter earnings -.03 , =
current=20
quarters earnings +.07. This is different then the earnings =
rules on=20
canslim but it is still an earnings rule-just like canslim has =
earnings rules=20
that fit larger cap stocks. This is one of the things I find =
important. I=20
think all the canslim rules would have parallels to use on small and =
micros=20
but if this is true we are not taught those rules or given the same =
info on=20
IBD to decipher the stocks. Sorry about the losses-the =
markets=20
been rough, small cap index is starting down recently.</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 03, =
2002 3:44=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] IBD =
"Bull"=20
Call</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Zillagirl, not sure of your point. I have =
been using=20
nothing but my version of CANSLIM for years, and invested in nothing =
but=20
small and micro caps. I need no other system than CANSLIM, despite =
the lousy=20
"M" we have been having. Granted, I break lots of rules, and it has =
cost me=20
in the past week or so pretty severely, essentially giving up my =
profits for=20
the year due lack of attention and time.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Biggest single difficulty with small and =
micro caps,=20
aside from a lack of liquidity on many if you are buying large =
positions, is=20
that you usually cannot use stop buy or stop sell orders. Most =
brokers will=20
not accept stop orders unless they are NYSE / AMEX =
listed.</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> =
<A=20
title=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV><B>Sent:</B> Tuesday, July 02, 2002 10:58 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] IBD "Bull" Call</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I have a theory on small =
caps,although Im sure=20
some of you are tired of hearing from me today.(smile) there =
is a lot=20
of money to be made in the right small caps. I would almost bet IBD =
does=20
research in all caps -not just the ones he posts on his site. =
Esp. for=20
small cap mutual funds, etc. Some of them have good earnings, new =
products,=20
the M is on their side right now compared to the other =
indexes. Someone=20
is buying these stocks and making a lot of money on them before they =
ever=20
hit a canslim list.(you can buy a lot more shares at 5.00 then =
with=20
25.00 eventhough the risk is greater)If in this market the risk can =
be=20
greater. I cant help but think that there is a trading system with=20
established % on earnings, growth, etc. but it is not available to =
us. And=20
Im sure it would not be with the same =
criteria as the=20
canslim system we are given. Its great to ride a stock from 5 to 15 =
or 20=20
dollars and then a whole new set of buyers comes in. I could be =
wrong but if=20
the research is done I feel it should be made available to us-buyer=20
beware. In this market when small caps seem to have been hit =
the least=20
and canslim seems to be in reverse half the time, we could use =
more=20
then 'one day the market will turn' from IBD.I would like to think =
bill is=20
protecting us from bad investments but as anyone who read my posts =
today can=20
see-my rose colored glasses got broken somewhere. PS dont get me =
wrong I=20
love canslim but its like following the indexes-when they drop - you =
might=20
have to think about shorting. </FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 02, =
2002 6:15=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] IBD =
"Bull"=20
Call</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>interesting he avoids mentioning the =
Russell 2000,=20
is it just too small for him?</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> =
<A=20
title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV><B>Sent:</B> Tuesday, July 02, 2002 9:12 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] IBD "Bull" Call</DIV></DIV>
<DIV><BR></DIV>
<DIV>Hi Jon,</DIV>
<DIV> </DIV>
<DIV>I've often wondered about that same thing as it's certainly =
not=20
obvious there's a Bull market anywhere in sight if looking at the =
Nasdaq,=20
S&P500 or Dow. Here's an interesting "Ask Bill" from today =
that might=20
"explain" their point of view.</DIV>
<DIV> </DIV>
<DIV>--Katherine</DIV>
<DIV> </DIV>
<DIV>
<TABLE cellSpacing=3D0 cellPadding=3D0 width=3D"80%" border=3D0>
<TBODY>
<TR>
<TD vAlign=3Dtop colSpan=3D2><FONT size=3D2>
<H2 class=3Dtxthead>Ask Bill O'Neil 7/2/02</H2><!--<span =
class=3D"sub"><b>Sponsored By Your =
Company</b></span><br>--> </FONT></TD><!--<td align=3D"center" =
rowspan=3D"3" class=3D"txtsubxsml"><font size=3D"1">
<a href=3D"../about/WJO.asp"><img src=3D"../images/staWJO2.gif" =
width=3D"59" height=3D"85" border=3D"0" alt=3D"William J. O'Neil"><br>
<u>William J. O'Neil</u></a><br>
<nobr>Chairman & Founder<br>
Investor's Business Daily</nobr></font></td>--></TR>
<TR>
<TD class=3Dcopy vAlign=3Dtop><FONT size=3D2> Q: Would =
you classify=20
the period from late Sept. 2001 to Jan. 2002 as a "bull =
market" or a=20
"bear-market rally"? </FONT></TD>
<TD> </TD></TR>
<TR>
<TD class=3Dcopy vAlign=3Dbottom align=3Dright><FONT=20
size=3D2><B><I>- Submitted from</I></B>=20
<B><I>Thornhill,</I></B> <B><I>Canada</I></B> </FONT></TD>
<TD> </TD></TR>
<TR>
<TD class=3Dcopy vAlign=3Dtop colSpan=3D2><FONT =
size=3D2> <BR>
<SCRIPT language=3DJavaScript>
<!--
OAS_AD('www.investors.com/AskBill250', 'x17');
//-->
</SCRIPT>
<SCRIPT language=3DJavaScript1.1=20
=
src=3D"http://oascentral.investors.com/RealMedia/ads/adstream_jx.ads/www.=
investors.com/AskBill250/1567613433@x17?_RM_HTML_TARGET_=3D_blank"></SCRI=
PT>
A:<A=20
=
href=3D"http://oas-central.realmedia.com/RealMedia/ads/click_lx.ads/www.i=
nvestors.com/AskBill250/124150637/x17/Investors/BCN2002050034_Cyber_250x2=
50/chess250x250.gif/34323230333035613363363331613030"=20
target=3D_blank></A> The bear market is alive and kicking on =
the=20
Nasdaq. But the smaller-cap indexes such as the S&P 600 =
and=20
S&P MidCap 400 are just 10% to 11% below their all-time =
highs.=20
For them, the current decline is a correction in a bull =
market.=20
</FONT></TD></TR></TBODY></TABLE></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Djlobatto@nyc.rr.com =
href=3D"mailto:jlobatto@nyc.rr.com">J.=20
Lobatto</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 02, =
2002 8:04=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] IBD =
"Bull"=20
Call</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>I wonder how =
long IBD is=20
going to continue running that ad I've seen there featuring a =
graphic=20
illustrating how they called the new bull market last=20
=
fall???</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE><=
/BODY></HTML>
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