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canslim-digest         Friday, July 12 2002         Volume 02 : Number 2597



In this issue:

       Re: [CANSLIM] Boomer Babies
       Re: [CANSLIM] Doom and Gloom
       Re: [CANSLIM] Doom and Gloom
       RE: [CANSLIM] Doom and Gloom
       RE: [CANSLIM] Doom and Gloom
       Re: [CANSLIM] Doom and Gloom
       Re: [CANSLIM] Boomer Babies
       [CANSLIM] LLUR vs. Late Stage Base
       Re: [CANSLIM] Boomer Babies
       RE: [CANSLIM] Cheap?
       [CANSLIM] Online subscription to Barron's
       Re: [CANSLIM] Online subscription to Barron's

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

Date: Fri, 12 Jul 2002 09:01:45 -0700
From: "Jim Fulling" <[e-mail]>
Subject: Re: [CANSLIM] Boomer Babies

tks. & whats that all about?
- ----- Original Message -----
From: "Patrick Wahl" <[e-mail]>
To: <[e-mail]>
Sent: Thursday, July 11, 2002 4:39 PM
Subject: RE: [CANSLIM] Boomer Babies


> I had already started thinking of you two as the "good" Duke and the
"evil" Duke, if
> that makes you feel better ;)
>
> On 11 Jul 2002 at 16:26, Duke Miller wrote:
>
> > (Speaking of boomers, you'll never know how much I hated, albeit
> > briefly, being referred to as "Old Duke"!! Thank God he's gone.)
>
>
>
> -
> -To subscribe/unsubscribe, email "[e-mail]"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.


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

Date: Fri, 12 Jul 2002 13:52:13 EDT
From: [e-mail]
Subject: Re: [CANSLIM] Doom and Gloom

Ed
YOU ARE A WISE MAN. YOU WILL HAVE RICH LIFE BOTH SPIRITUALLY AND MONETARILY.
MAY YOU LIVE A LONG LIFE TO ENJOY THIS LIFE AND BEYOND.
KRIS

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- -To subscribe/unsubscribe, email "[e-mail]"
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------------------------------

Date: Fri, 12 Jul 2002 13:55:36 EDT
From: [e-mail]
Subject: Re: [CANSLIM] Doom and Gloom

Ed:


I should have also added watch the bear sitting on you balcony and DO NOT HUG
THE BEAR!

Kris


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- -To subscribe/unsubscribe, email "[e-mail]"
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------------------------------

Date: Fri, 12 Jul 2002 14:03:04 -0400
From: "Edward McDonough" <[e-mail]>
Subject: RE: [CANSLIM] Doom and Gloom

Kris,

Thanks Dad!!  Checks in the mail.

Not wise, just learned the hard way.  Lost lots of money and learned
from my mistakes.  The only good stock is one that makes money.  That's
all that matters.

Play the game to win.

Go with the flow.

HUG THE BEAR!!

Call me crazy,
Ed

- -----Original Message-----
From: [e-mail]
[mailto:[e-mail]] On Behalf Of [e-mail]
Sent: Friday, July 12, 2002 1:52 PM
To: [e-mail]
Subject: Re: [CANSLIM] Doom and Gloom

Ed
YOU ARE A WISE MAN. YOU WILL HAVE RICH LIFE BOTH SPIRITUALLY AND
MONETARILY.
MAY YOU LIVE A LONG LIFE TO ENJOY THIS LIFE AND BEYOND.
KRIS

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- -To subscribe/unsubscribe, email "[e-mail]"
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------------------------------

Date: Fri, 12 Jul 2002 13:56:44 -0400
From: "Rocky Sanghvi" <[e-mail]>
Subject: RE: [CANSLIM] Doom and Gloom

Ernie,

Thanks for the insight.  Its truly appreciated.  If this scenario does come
to pass - the ramifications for all the invested "common folk" - from the
non-affluent class of people who believed that they need to squirell away
50-100 a month into their retirement programs to the affluent baby boomers
who still havent touched their IRAs, Roths or 401Ks -  will be massive.

The dollar continues to be low with implications for our structural
finance - interests rates, inflation and the economy.  Mortages and easy
money continue to multiply - worse yet - credit availability is now
contingent on the abilities of the "credit-risks" to pay back.  For
creditors to stay in business they must constantly make more in interest
payments than they lose in defaults.  While this is possible when interest
rates are low - watch out - if the interest rates are forced upwards by the
falling dollar.  Also, there are still significant numbers of "cooked books"
out there.  Accounting is not black and white - someone said recently :).

All this comes as the baby boomers head of into retirement.  Maybe I am just
a chronic worrier not taking my medication, but those charts (S&P and Dow)
are pretty compelling.  I appreciate everyone's feedback and while these are
not CANSLIM posts - a discussion on market conditions is healthy.

By the way, did anyone see the CNBC article on baseball salaries?  I didnt
know that the average baseball salary in 1969 was only 25K.  Its now 2.5mil.

Rocky

- -----Original Message-----
From: [e-mail]
[mailto:[e-mail]]On Behalf Of Hill, Ernie
Sent: Friday, July 12, 2002 9:37 AM
To: '[e-mail]'
Subject: RE: [CANSLIM] Doom and Gloom


First I will address the article and the H&S chart pattern of the S&P. The
H&S pattern is unquestionably obvious in the chart. What the author says
about the pattern is true to the best of my knowledge. One positive note
here is that H&S patterns aren't super reliable. I think their reliability
is somewhere along the lines of 60-65%. Someone may need to correct me on
this one.

As for the fundamental problems that could precipitate such a collapse, take
your pick there is plenty to choose from.

Back to the charts and the technical condition of the market. We have
already discussed recently the similarity of 29-32 price action to that of
our present market, and I mentioned and tried unsuccessfully to post a chart
of the S&P overlaid on the Japanese market with a 16 year shift. In both
cases the similarities are striking and frightening. I also spoke about the
15-17 year cycle (which some believe varies between 14-20 years) I am
convinced of the validity of this cycle and believe it has peaked in 2000.

I have also applied my stuff to look at the S&P long term. It too paints a
very scary picture. My short term stuff is continuing to result in lows that
come later than expected and hit or exceed my low targets. The short term
highs are occurring earlier than projected and finding it more and more
difficult to even reach my low targets for them. With my method this tells
me that there is strong underlying weakness in the market even more than
what is obvious to anyone who looks at a chart. Just from looking at what I
do the evidence is building that there could be an acceleration in the rate
of decline, and it could be about to happen very soon. The earliest time
frame that my method is forecasting for a bottom to the down-trend that
began in March of this year is March of next year, with a bottom in
September of 2003 being more likely.

The bottom line is this, from a purely technical perspective everything I
see from my work to other peoples work points to a 29-32 style collapse in
equity prices. However, have you ever noticed how when you get a new model
of car you start seeing the same model car  everywhere. I can only hope that
this is the same phenomena that I am experiencing with regards to my
technical analysis. I am not as eager as some of you are to see a cliff
style collapse in the equity markets. I fear that if this scenario is indeed
played out that there will be serious economic consequences to be suffered.

As for the DOW 20 year chart I don't follow the DOW so I would have to start
from scratch to give an assessment of its condition. Since I don't like to
give un-researched opinions and I don't have the time to do the research it
would be best for me not to comment on this chart.

E


 -----Original Message-----
From:     Mona Guarino [mailto:[e-mail]]
Sent:    Friday, July 12, 2002 12:37 AM
To:    [e-mail]
Subject:    RE: [CANSLIM] Doom and Gloom

Ernie,

try: www.design21.com/canslim/doom.html

I put a very simple page on my server with the links. You should be able to
get to it easier.

I, too, am very interested to hear your comments and value your sharing your
market info.

- -- Mona

> -----Original Message-----
> From: [e-mail]
> [mailto:[e-mail]]On Behalf Of Hill, Ernie
> Sent: Thursday, July 11, 2002 7:12 PM
> To: '[e-mail]'
> Subject: RE: [CANSLIM] Doom and Gloom
>
>
> I have followed your instructions to the letter and I keep getting the
> Prudent Bear commentary archives.
>
> E
>
>  -----Original Message-----
> From:     Mike Gibbons [mailto:[e-mail]]
> Sent:    Thursday, July 11, 2002 8:02 PM
> To:    [e-mail]
> Subject:    RE: [CANSLIM] Doom and Gloom
>
> Ernie, Outlook wraps the links and makes them ineffective.
>
> To correct the problem, I do the following:
>
> 1. Click "forward" - this gives an editable orm of the message
> 2. Move cursor to the beginning odf the second line of the link and hit
> backsapce - this will put thetwo parts of the  link back together
> 3. click the link
> 4. delete the editable message.
>
> Hope that helps. Looking forward to your comments on this topic.
> Thanks for
> sharing all your other M wisdom
>
> Aloha,
>
> Mike Gibbons
> Proactive Technologies, LLC
> http://www.proactech.com
>
>
> -----Original Message-----
> From: [e-mail]
> [mailto:[e-mail]]On Behalf Of Hill, Ernie
> Sent: Thursday, July 11, 2002 2:19 PM
> To: '[e-mail]'
> Subject: RE: [CANSLIM] Doom and Gloom
>
>
> Your first link does not lead to a chart and I am unable to open
> the second
> one.
>
> E
>
>  -----Original Message-----
> From:     Rocky Sanghvi [mailto:[e-mail]]
> Sent:    Thursday, July 11, 2002 5:27 PM
> To:    [e-mail]
> Subject:    RE: [CANSLIM] Doom and Gloom
>
> http://www.prudentbear.com/archive_comm_article.asp?category=Guest
> +Commentar
> y&content_idx=13396
>
> Can any technical folks on this board confirm or deny what this author is
> saying about the long term S&P chart?  Also what are you thoughts
> on the 20
> year DOW chart from a technical perspective?
>
> http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dj
> ia&sid=164
> 3&o_symb=djia&freq=2&time=20
>
> Thanks
> Rocky
>
>
> -----Original Message-----
> From: [e-mail]
> [mailto:[e-mail]]On Behalf Of Edward McDonough
> Sent: Thursday, July 11, 2002 3:40 PM
> To: [e-mail]
> Subject: RE: [CANSLIM] what a crazy day
>
>
> Volatility is here to stay.  That's what bear markets do.  Play the game
> to win, HUG THE BEAR!! Gold is Great!!
>
> Call me crazy.
> ED
>
> -----Original Message-----
> From: [e-mail]
> [mailto:[e-mail]] On Behalf Of
> [e-mail]
> Sent: Thursday, July 11, 2002 4:15 PM
> To: [e-mail]
> Subject: [CANSLIM] what a crazy day
>
> Today was NOT for the faint of heart........when will M stabilize?
>
> Guess it gives me more time to work on the next rev of screen
> compiler.....
>
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel [phone]
> Fax [phone]
> [e-mail]
>
>
>
> -
> -To subscribe/unsubscribe, email "[e-mail]"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "[e-mail]"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
>
> -
> -To subscribe/unsubscribe, email "[e-mail]"
> -In the email body, write "subscribe canslim" or
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>
>
> ******************************************************************
> This email and any files transmitted with it from the ElPaso
> Corporation are confidential and intended solely for the
> use of the individual or entity to whom they are addressed.
> If you have received this email in error please notify the
> sender.
> ******************************************************************
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>
>
> -
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>
>
> ******************************************************************
> This email and any files transmitted with it from the ElPaso
> Corporation are confidential and intended solely for the
> use of the individual or entity to whom they are addressed.
> If you have received this email in error please notify the
> sender.
> ******************************************************************
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******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************

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

Date: Fri, 12 Jul 2002 14:12:28 -0400
From: "Winston Little" <[e-mail]>
Subject: Re: [CANSLIM] Doom and Gloom

Rocky:

Clearly we should all be playing baseball.


- ----- Original Message -----
From: "Rocky Sanghvi" <[e-mail]>
To: <[e-mail]>
Sent: Friday, July 12, 2002 1:56 PM
Subject: RE: [CANSLIM] Doom and Gloom


> Ernie,
>
> Thanks for the insight.  Its truly appreciated.  If this scenario does
come
> to pass - the ramifications for all the invested "common folk" - from the
> non-affluent class of people who believed that they need to squirell away
> 50-100 a month into their retirement programs to the affluent baby boomers
> who still havent touched their IRAs, Roths or 401Ks -  will be massive.
>
> The dollar continues to be low with implications for our structural
> finance - interests rates, inflation and the economy.  Mortages and easy
> money continue to multiply - worse yet - credit availability is now
> contingent on the abilities of the "credit-risks" to pay back.  For
> creditors to stay in business they must constantly make more in interest
> payments than they lose in defaults.  While this is possible when interest
> rates are low - watch out - if the interest rates are forced upwards by
the
> falling dollar.  Also, there are still significant numbers of "cooked
books"
> out there.  Accounting is not black and white - someone said recently :).
>
> All this comes as the baby boomers head of into retirement.  Maybe I am
just
> a chronic worrier not taking my medication, but those charts (S&P and Dow)
> are pretty compelling.  I appreciate everyone's feedback and while these
are
> not CANSLIM posts - a discussion on market conditions is healthy.
>
> By the way, did anyone see the CNBC article on baseball salaries?  I didnt
> know that the average baseball salary in 1969 was only 25K.  Its now
2.5mil.
>
> Rocky
>
> -----Original Message-----
> From: [e-mail]
> [mailto:[e-mail]]On Behalf Of Hill, Ernie
> Sent: Friday, July 12, 2002 9:37 AM
> To: '[e-mail]'
> Subject: RE: [CANSLIM] Doom and Gloom
>
>
> First I will address the article and the H&S chart pattern of the S&P. The
> H&S pattern is unquestionably obvious in the chart. What the author says
> about the pattern is true to the best of my knowledge. One positive note
> here is that H&S patterns aren't super reliable. I think their reliability
> is somewhere along the lines of 60-65%. Someone may need to correct me on
> this one.
>
> As for the fundamental problems that could precipitate such a collapse,
take
> your pick there is plenty to choose from.
>
> Back to the charts and the technical condition of the market. We have
> already discussed recently the similarity of 29-32 price action to that of
> our present market, and I mentioned and tried unsuccessfully to post a
chart
> of the S&P overlaid on the Japanese market with a 16 year shift. In both
> cases the similarities are striking and frightening. I also spoke about
the
> 15-17 year cycle (which some believe varies between 14-20 years) I am
> convinced of the validity of this cycle and believe it has peaked in 2000.
>
> I have also applied my stuff to look at the S&P long term. It too paints a
> very scary picture. My short term stuff is continuing to result in lows
that
> come later than expected and hit or exceed my low targets. The short term
> highs are occurring earlier than projected and finding it more and more
> difficult to even reach my low targets for them. With my method this tells
> me that there is strong underlying weakness in the market even more than
> what is obvious to anyone who looks at a chart. Just from looking at what
I
> do the evidence is building that there could be an acceleration in the
rate
> of decline, and it could be about to happen very soon. The earliest time
> frame that my method is forecasting for a bottom to the down-trend that
> began in March of this year is March of next year, with a bottom in
> September of 2003 being more likely.
>
> The bottom line is this, from a purely technical perspective everything I
> see from my work to other peoples work points to a 29-32 style collapse in
> equity prices. However, have you ever noticed how when you get a new model
> of car you start seeing the same model car  everywhere. I can only hope
that
> this is the same phenomena that I am experiencing with regards to my
> technical analysis. I am not as eager as some of you are to see a cliff
> style collapse in the equity markets. I fear that if this scenario is
indeed
> played out that there will be serious economic consequences to be
suffered.
>
> As for the DOW 20 year chart I don't follow the DOW so I would have to
start
> from scratch to give an assessment of its condition. Since I don't like to
> give un-researched opinions and I don't have the time to do the research
it
> would be best for me not to comment on this chart.
>
> E
>
>
>  -----Original Message-----
> From: Mona Guarino [mailto:[e-mail]]
> Sent: Friday, July 12, 2002 12:37 AM
> To: [e-mail]
> Subject: RE: [CANSLIM] Doom and Gloom
>
> Ernie,
>
> try: www.design21.com/canslim/doom.html
>
> I put a very simple page on my server with the links. You should be able
to
> get to it easier.
>
> I, too, am very interested to hear your comments and value your sharing
your
> market info.
>
> -- Mona
>
> > -----Original Message-----
> > From: [e-mail]
> > [mailto:[e-mail]]On Behalf Of Hill, Ernie
> > Sent: Thursday, July 11, 2002 7:12 PM
> > To: '[e-mail]'
> > Subject: RE: [CANSLIM] Doom and Gloom
> >
> >
> > I have followed your instructions to the letter and I keep getting the
> > Prudent Bear commentary archives.
> >
> > E
> >
> >  -----Original Message-----
> > From: Mike Gibbons [mailto:[e-mail]]
> > Sent: Thursday, July 11, 2002 8:02 PM
> > To: [e-mail]
> > Subject: RE: [CANSLIM] Doom and Gloom
> >
> > Ernie, Outlook wraps the links and makes them ineffective.
> >
> > To correct the problem, I do the following:
> >
> > 1. Click "forward" - this gives an editable orm of the message
> > 2. Move cursor to the beginning odf the second line of the link and hit
> > backsapce - this will put thetwo parts of the  link back together
> > 3. click the link
> > 4. delete the editable message.
> >
> > Hope that helps. Looking forward to your comments on this topic.
> > Thanks for
> > sharing all your other M wisdom
> >
> > Aloha,
> >
> > Mike Gibbons
> > Proactive Technologies, LLC
> > http://www.proactech.com
> >
> >
> > -----Original Message-----
> > From: [e-mail]
> > [mailto:[e-mail]]On Behalf Of Hill, Ernie
> > Sent: Thursday, July 11, 2002 2:19 PM
> > To: '[e-mail]'
> > Subject: RE: [CANSLIM] Doom and Gloom
> >
> >
> > Your first link does not lead to a chart and I am unable to open
> > the second
> > one.
> >
> > E
> >
> >  -----Original Message-----
> > From: Rocky Sanghvi [mailto:[e-mail]]
> > Sent: Thursday, July 11, 2002 5:27 PM
> > To: [e-mail]
> > Subject: RE: [CANSLIM] Doom and Gloom
> >
> > http://www.prudentbear.com/archive_comm_article.asp?category=Guest
> > +Commentar
> > y&content_idx=13396
> >
> > Can any technical folks on this board confirm or deny what this author
is
> > saying about the long term S&P chart?  Also what are you thoughts
> > on the 20
> > year DOW chart from a technical perspective?
> >
> > http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dj
> > ia&sid=164
> > 3&o_symb=djia&freq=2&time=20
> >
> > Thanks
> > Rocky
> >
> >
> > -----Original Message-----
> > From: [e-mail]
> > [mailto:[e-mail]]On Behalf Of Edward McDonough
> > Sent: Thursday, July 11, 2002 3:40 PM
> > To: [e-mail]
> > Subject: RE: [CANSLIM] what a crazy day
> >
> >
> > Volatility is here to stay.  That's what bear markets do.  Play the game
> > to win, HUG THE BEAR!! Gold is Great!!
> >
> > Call me crazy.
> > ED
> >
> > -----Original Message-----
> > From: [e-mail]
> > [mailto:[e-mail]] On Behalf Of
> > [e-mail]
> > Sent: Thursday, July 11, 2002 4:15 PM
> > To: [e-mail]
> > Subject: [CANSLIM] what a crazy day
> >
> > Today was NOT for the faint of heart........when will M stabilize?
> >
> > Guess it gives me more time to work on the next rev of screen
> > compiler.....
> >
> >
> > Mike Niemotka , PE
> > Sr. Principal Engineer
> > Baxter Healthcare Corporation
> > Route 120 & Wilson Road
> > Round Lake, IL 60073
> > Tel [phone]
> > Fax [phone]
> > [e-mail]
> >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "[e-mail]"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
> > -
> > -To subscribe/unsubscribe, email "[e-mail]"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "[e-mail]"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
> > ******************************************************************
> > This email and any files transmitted with it from the ElPaso
> > Corporation are confidential and intended solely for the
> > use of the individual or entity to whom they are addressed.
> > If you have received this email in error please notify the
> > sender.
> > ******************************************************************
> >
> > -
> > -To subscribe/unsubscribe, email "[e-mail]"
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> > -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
> > -
> > -To subscribe/unsubscribe, email "[e-mail]"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
> > ******************************************************************
> > This email and any files transmitted with it from the ElPaso
> > Corporation are confidential and intended solely for the
> > use of the individual or entity to whom they are addressed.
> > If you have received this email in error please notify the
> > sender.
> > ******************************************************************
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> > -
> > -To subscribe/unsubscribe, email "[e-mail]"
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>
>
> -
> -To subscribe/unsubscribe, email "[e-mail]"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> ******************************************************************
> This email and any files transmitted with it from the ElPaso
> Corporation are confidential and intended solely for the
> use of the individual or entity to whom they are addressed.
> If you have received this email in error please notify the
> sender.
> ******************************************************************
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------------------------------

Date: Fri, 12 Jul 2002 14:30:54 EDT
From: [e-mail]
Subject: Re: [CANSLIM] Boomer Babies

Winston and Duke:

     IBD's Trend and Innovations (Page 2) of 7/11/02 confirms the belief that
the baby boom trend is expected to have an impact on individual stocks in the
market.  Here is what it said (the relevant passages):

     "Doctors gave out 146 prescriptions per 100 vistis in '99.  That's up
34% from '85.  That trend, spurred largely by an aging population is likely
to result in a doubling of drug spending in the next 5 years.  Psychiatrists
had the biggest increase in prescription rates, 117%."

     To me this is surprising (the psychiatrist part), and doesn't bode well
for my upcoming goldie-oldie years-although, come to think of it-this may
indicate that more drugs are now available (and are being prescribed) to
ameliorate dementia and Alzheimers.

jans




In a message dated 7/11/2002 8:41:06 AM Eastern Daylight Time,
[e-mail] writes:

<< Duke:

 I believe that you are on the right track.

 The concern that I have with "health care/pharma" type of companies is these
 appear to be under the magnifying glass now, and all the warts and moles are
 coming into view. It makes me believe that many of what one may view as the
 obvious potential leaders here may end up as a small division of some
 unknown company after the mob is through with them. For example, six months
 ago, BMY was clearly a leader in drugs. Today all that I hear is how much
 they juggled the books and clinical studies and the price drops day by day.

 The high end housing still looks good, and TOL is the leader in that group.
 The builders of houses is still very fragmented, as the largest builder in
 the country only controls 2 to 3% of the total market.  Much consolidation
 action is in place as the larger companies buy out several of the smaller
 ones.
 BBBY will go along with housing cycling.



 ----- Original Message -----
 From: "Duke Miller" <[e-mail]>
 To: <[e-mail]>
 Sent: Thursday, July 11, 2002 8:24 AM
 Subject: [CANSLIM] Boomer Babies


 > WON would tell you you're correct about the market telling us (hopefully
 > before "the middle of the next bull market") the identity of the next
 > leading groups.
 >
 > As some of you know, because I've leaned this way more than once on this
 > list, I'm mining for companies that can turn big profits from the wave
 > of boomers heading for retirement.  I call these my Boomer Babies.  For
 > instance, right now, you're seeing boomers drive the high-end housing
 > markets, and don't forget the impact of their off-spring in this search,
 > i.e., HOTT, et al.
 >
 > A recent Smart Money column listed some Boomer Babies; a list of "...the
 > best names in each of the major health-care industries: pharmacy,
 > devices, biotech, hospitals, drug distributors, and health-care
 > conglomerates."  They listed AMGN, BAX, CAH, JNJ, NVS, PFE, THC. The
 > article did not mention boomers, but my assumption is healthcare is very
 > much boomer driven and that will only increase as they age. Granted,
 > these are not exactly "N" stocks, but very soon they could meet the
 > criteria for CAN SLIM.  I quote again from the article: "Two years ago,
 > health-care stocks were pricey, but now much of the sector is at that
 > sweet spot where fundamentals are turning up just as stock prices are
 > bottoming out." (This was written June 24, well before the "bottom"
 > we're at now!)
 >
 > I guess the problem, as it relates to CAN SLIM, is boomer babies more
 > likely will be spread across numerous industry groups, and as we say in
 > today's Corner, next to markets, the groups rule.  Most of the time,
 > anyway.
 >
 > So, that's the mine I'm panning for gold in at this time whilst perched
 > atop my stash of cash.  If you have any suggestions, I'll be gladly be
 > the repository for Boomer Babies and keep a list going.  (During the
 > coming week I will be sorting through six months of IBD's, scouring New
 > America and other areas for some gems to add to my list.)
 >
 > Duke >>

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

Date: Fri, 12 Jul 2002 14:56:33 EDT
From: [e-mail]
Subject: [CANSLIM] LLUR vs. Late Stage Base

Tom:

     I often had troubles in identifying LLUR's and distinguishing them from
WON's late-stage bases.   While LLUR's look bullish and strong (and I've read
often that "the trend is your friend"), I wasn't able to understand the
difference between them and late stage bases-since they are both ascending
bases (with LLURs being bullish and late-stage bases being bearish [according
to WON's analysis]).  To me, however, both were like an indecipherable Elliot
Wave in that invariably:  One can always identify the wave AFTER the fact.

     So I wrote Ask WON (in investors.com) and here is his answer:

     "My question is: how do you distinguish between an ascending base and a
late stage base-they both rise from  about 3 bases. Cincinnati, OH    (AskWon
answered it 7/8/02)
      WON's Answer:  The difference lies in the shape of the bases. In a
late-stage base, the stock might have already run up anywhere from as much as
100% to 400%-500% or more. The bases it made along the way had a minimum
correction of 20%, assuming they were all cup bases. But in an ascending
base, there are three pullbacks from 10% to 20% each, and the low point
during each sell-off is higher than the previous.  Since the pullbacks were
smaller than in a normal cup base, you can count this as one long base
structure. These bases occur when a stock has much power but is held back by
a sideways-moving market. Always keep in mind that ascending bases are rare.
Also remember that if a stock breaks out of a base, but then corrects so far
down that it undercuts the bottom of its base, you can then reset the base
count."

jans

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

Date: Fri, 12 Jul 2002 11:58:56 -0700
From: "Bill Triffet" <[e-mail]>
Subject: Re: [CANSLIM] Boomer Babies

- ----- Original Message -----
From: <[e-mail]>
To: <[e-mail]>
Sent: Friday, July 12, 2002 11:30 AM
Subject: Re: [CANSLIM] Boomer Babies


> Winston and Duke:
>
>      IBD's Trend and Innovations (Page 2) of 7/11/02 confirms the belief
that
> the baby boom trend is expected to have an impact on individual stocks in
the
> market.  Here is what it said (the relevant passages):
>
>      "Doctors gave out 146 prescriptions per 100 vistis in '99.  That's up
> 34% from '85.  That trend, spurred largely by an aging population is
likely
> to result in a doubling of drug spending in the next 5 years.
Psychiatrists
> had the biggest increase in prescription rates, 117%."
>
>      To me this is surprising (the psychiatrist part), and doesn't bode
well
> for my upcoming goldie-oldie years-although, come to think of it-this may
> indicate that more drugs are now available (and are being prescribed) to
> ameliorate dementia and Alzheimers.

Hans,

I'd not be surpized by the psychiatrist part at all. I'm not sure if a
40,50, or 60+ person is any more stressed today than 100 years ago but there
are a lot more drugs for the problem. Look at deppression, OCD, and anxiety
treatments now. Drugs like Paxil, Prozac, and Buspar (sp) are VERY popular
prescriptions EVEN for the HMO's to dish out. I have several friends and
family on long term use of these drugs. It's quite the norm now. As physical
health improves so does the need for mental health. It will be interesting
20 years from now to see where it all lead us. I'd keep a close eye on these
trends.

- -Bill




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

Date: Fri, 12 Jul 2002 16:36:40 -0400
From: "Rocky Sanghvi" <[e-mail]>
Subject: RE: [CANSLIM] Cheap?

S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65

NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & Poor's 500
index at the close of trading Friday, July 12, was 37.31.
Thursday, the ratio was 37.65.

The lowest price/earnings ratio on the S&P 500 came in the second quarter of
1949, when the reading slipped to 5.9. Over the last decade, the low was
15.77 in the first quarter of 1995.

The price/earnings ratio, known as the multiple, is a measure of the average
stock price divided by the average earnings per share. The earnings data is
based on the trailing four quarters.



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

Date: Fri, 12 Jul 2002 13:58:29 -0600
From: Jeff Salisbury <[e-mail]>
Subject: [CANSLIM] Online subscription to Barron's

<!doctype html public "-//w3c//dtd html 4.0 transitional//en">
<html>
Hello Canslimers,
<p>Does anyone out there have a subscription to the online version of Barrons
(www.Barrons.com)?  If so, will you email me privately off-list?
<p>Regards,
<p>Jeff Salisbury - canslim admin/owner</html>

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

Date: Fri, 12 Jul 2002 17:13:41 -0400
From: "Joan Sherman" <[e-mail]>
Subject: Re: [CANSLIM] Online subscription to Barron's

This is a multi-part message in MIME format.

- ------=_NextPart_000_02AD_01C229C7.78389500
Content-Type: text/plain;
    charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

Jeff, unable to locate an address that reaches you.....i have a =
subscription to Barrons.....how can i help you?

Joan=20
  ----- Original Message -----=20
  From: Jeff Salisbury=20
  To: [e-mail]=20
  Sent: Friday, July 12, 2002 3:58 PM
  Subject: [CANSLIM] Online subscription to Barron's


  Hello Canslimers,=20
  Does anyone out there have a subscription to the online version of =
Barrons (www.Barrons.com)?  If so, will you email me privately off-list? =


  Regards,=20

  Jeff Salisbury - canslim admin/owner - -To subscribe/unsubscribe, =
email "[e-mail]" -In the email body, write "subscribe =
canslim" or -"unsubscribe canslim". Do not use quotes in your email.


- ------=_NextPart_000_02AD_01C229C7.78389500
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 http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Jeff, unable to locate an address that =
reaches=20
you.....i have a subscription to Barrons.....how can i help =
you?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Joan </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=[e-mail]=20
  href=3D"mailto:[e-mail]">Jeff Salisbury</A> =
</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=[e-mail]=20
  =
href=3D"mailto:[e-mail]">[e-mail]</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, July 12, 2002 =
3:58 PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Online =
subscription to=20
  Barron's</DIV>
  <DIV><BR></DIV>Hello Canslimers,=20
  <P>Does anyone out there have a subscription to the online version of =
Barrons=20
  (<A href=3D"http://www.Barrons.com">www.Barrons.com</A>)?  If so, =
will you=20
  email me privately off-list?=20
  <P>Regards,=20
  <P>Jeff Salisbury - canslim admin/owner - -To subscribe/unsubscribe, =
email "<A=20
  href=3D"mailto:[e-mail]">[e-mail]</A>" -In =
the email=20
  body, write "subscribe canslim" or -"unsubscribe canslim". Do not use =
quotes=20
  in your email.</P></BLOCKQUOTE></BODY></HTML>

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