home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
ftp.xmission.com
/
2014.06.ftp.xmission.com.tar
/
ftp.xmission.com
/
pub
/
lists
/
canslim
/
archive
/
v02.n2705
< prev
next >
Wrap
Internet Message Format
|
2002-07-31
|
42KB
From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #2705
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 Thursday, August 1 2002 Volume 02 : Number 2705
In this issue:
[CANSLIM] canslim stocks
[CANSLIM] Fw: Fw: markets nearing crucial stage artile-07-14-02
Re: [CANSLIM] canslim stocks
RE: [CANSLIM] LNOP (was Tomorrow -off topic)
----------------------------------------------------------------------
Date: Thu, 1 Aug 2002 08:04:11 -0700
From: "Larry Worden" <lworden@attbi.com>
Subject: [CANSLIM] canslim stocks
what about (TARO) ? the generic drugs should do will in this environment.
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, August 01, 2002 7:51 AM
Subject: Re: [CANSLIM] Cramer-off topic
> David, zillagirl:
>
> I remember in the 80's during the S&L scandals, the CEO of the chief
S&L that defrauded despositors was found guilty in court. But he had moved
many of his assets to Florida, and bought many more (including a horse
ranch)-and the Florida laws protected him.
>
> So, even though he was found guilty, he did not have to disgorge many
of his profits of his ill-gotten gains.
>
> jans
>
>
> In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time,
dougald@dmv.com writes:
>
> > I do not see how it is going to stop anyone from building a million
dollar
> > House. Unless,of course, something is done about Florida. As a matter
of
> > interest, iUnder the present law if you think you are about to go
bankrupt
> > you can always move to Florida ,where your home is immune
> > to the Bankruptcy
> > Laws. For example O.J. Simpson lives in Florida
>
>
>
> -
> -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, 1 Aug 2002 08:10:32 -0700
From: "zillagirl" <zillagirl@email.msn.com>
Subject: [CANSLIM] Fw: Fw: markets nearing crucial stage artile-07-14-02
This is a multi-part message in MIME format.
- ------=_NextPart_000_0006_01C23932.E8391BC0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
this is the reply I received from the article in the L.A. Times =
regarding P/E ratio . Any thoughts?
- ----- Original Message -----=20
From: Jeff Salisbury=20
To: zillagirl=20
Sent: Thursday, August 01, 2002 6:45 AM
Subject: Re: Fw: markets nearing crucial stage artile-07-14-02
Hello Nancy,=20
By all means, post the author's reply to the group.=20
Regards,=20
Jeff=20
zillagirl wrote:=20
Jeff-there is a discrepancy in P/E values in an L.A. Times article of =
7-14. I wrote the author who has responded. I would like this to become =
available to the group for who ever would be interested. I am not sure =
if I am following your instructions properly. If not can you help me-If =
yes I will wait to hear from you so I can let them know it is available. =
thank you Nancy=20
----- Original Message -----=20
From: Petruno, Tom
To: 'zillagirl'Sent: Wednesday, July 31, 2002 10:01 PMSubject: RE: =
markets nearing crucial stage artile-07-14-02
Hello Nancy. Sorry for the delay -- I set your message =
aside, meaning to answer, but the market action got in the way. =
The short answer is, all of these numbers are "correct." It depends on =
how you define earnings. S&P P/Es listed in the upper 30s =
generally are figured on earnings per share over the last four quarters, =
INCLUDING one-time charges. S&P P/Es listed in the upper teens =
generally are figured on ESTIMATED earnings for calendar 2002, and are =
for "operating" results -- that is, EXCLUDING one-time charges. =
Which is the fairer P/E? Again, that depends on your definition of =
earnings. People who use operating earnings say that's fairer because =
operating results measure earnings from ongoing operations. But of =
course it's fair to ask today whether many "one-time" charges listed by =
companies really are recurring charges. The market bears use that =
argument, and say P/Es should be figured on net earnings. I'm =
forwarding by separate email a report from S&P that shows their current =
estimates of operating P/Es by market sector. Thanks for writing. =
Tom Petruno =20
-----Original Message-----=20
From: zillagirl [mailto:zillagirl@email.msn.com]=20
Sent: Monday, July 15, 2002 4:49 PM=20
To: Tom.Petruno@latimes.com=20
Subject: markets nearing crucial stage artile-07-14-02=20
=20
In your article last Sunday, in the second to last column on page =
A33(second paragraph), you stated that the average stock in the S & P =
500 is priced at about 19 times this years expected earnings per share. =
That is far above the historical average price to earnings ratio of =
about 14. On the web site www.dicisionpoint.com it states today =
that the PE for the S&P 500 is at 39.60 as of 7-12-02. Also at site =
www.spglobal.com/earnings.html It said last Friday that the PE of the =
S&P was at 37.31. (this is the S&P website) I belong to an investment =
chat and we are all wondering how you arrived at your figures and why =
this discrepancy (which is quite wide) exists. If your figure is wrong =
it is very misleading to tell all of you subscribers the PE ratio is 1/2 =
of what it really is. It makes the market look in a lot better shape =
then it really is. Can you resolve this for us.. Thank you Nancy =
Polcaro-we will wait for your response.
=20
=20
- ------=_NextPart_000_0006_01C23932.E8391BC0
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 6.00.2716.2200" name=3DGENERATOR></HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>this is the reply I received from the =
article in=20
the L.A. Times regarding P/E ratio . Any thoughts?</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=3DJeff.Salisbury@WallStreet-LLC.com=20
href=3D"mailto:Jeff.Salisbury@WallStreet-LLC.com">Jeff Salisbury</A> =
</DIV>
<DIV><B>To:</B> <A title=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</A> </DIV>
<DIV><B>Sent:</B> Thursday, August 01, 2002 6:45 AM</DIV>
<DIV><B>Subject:</B> Re: Fw: markets nearing crucial stage=20
artile-07-14-02</DIV></DIV>
<DIV><BR></DIV>Hello Nancy,=20
<P>By all means, post the author's reply to the group.=20
<P>Regards,=20
<P>Jeff=20
<P>zillagirl wrote:=20
<BLOCKQUOTE TYPE=3D"CITE">
<STYLE></STYLE>
<FONT face=3DArial><FONT size=3D-1>Jeff-there is a discrepancy in P/E =
values in an=20
L.A. Times article of 7-14. I wrote the author who has responded. I =
would like=20
this to become available to the group for who ever would be =
interested. I am=20
not sure if I am following your instructions properly. If not can you =
help=20
me-If yes I will wait to hear from you so I can let them know it is=20
available. thank you Nancy</FONT></FONT>=20
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DTom.Petruno@latimes.com =
href=3D"mailto:Tom.Petruno@latimes.com">Petruno,=20
Tom</A></DIV><B>To:</B> <A title=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">'zillagirl'</A><B>Sent:</B> =
Wednesday,=20
July 31, 2002 10:01 PM<B>Subject:</B> RE: markets nearing crucial =
stage=20
artile-07-14-02</DIV> <SPAN=20
class=3D203345004-01082002><FONT face=3DArial><FONT =
color=3D#0000ff><FONT=20
size=3D-1> Hello Nancy. =
Sorry for the=20
delay -- I set your message aside, meaning to answer, but the market =
action=20
got in the way. </FONT></FONT></FONT></SPAN><SPAN=20
class=3D203345004-01082002></SPAN><SPAN =
class=3D203345004-01082002><FONT=20
face=3DArial><FONT color=3D#0000ff><FONT=20
size=3D-1> The short answer =
is, all of=20
these numbers are "correct." It depends on how you define=20
earnings.</FONT></FONT></FONT></SPAN><SPAN=20
class=3D203345004-01082002></SPAN><SPAN =
class=3D203345004-01082002><FONT=20
face=3DArial><FONT color=3D#0000ff><FONT=20
size=3D-1> S&P P/Es =
listed in the=20
upper 30s generally are figured on earnings per share over the last =
four=20
quarters, INCLUDING one-time charges.</FONT></FONT></FONT></SPAN><SPAN =
class=3D203345004-01082002></SPAN><SPAN =
class=3D203345004-01082002><FONT=20
face=3DArial><FONT color=3D#0000ff><FONT=20
size=3D-1> S&P P/Es =
listed in the=20
upper teens generally are figured on ESTIMATED earnings for calendar =
2002, and=20
are for "operating" results -- that is, EXCLUDING one-time=20
charges.</FONT></FONT></FONT></SPAN><SPAN=20
class=3D203345004-01082002></SPAN><SPAN =
class=3D203345004-01082002></SPAN><SPAN=20
class=3D203345004-01082002><FONT face=3DArial><FONT =
color=3D#0000ff><FONT=20
size=3D-1> Which is the =
fairer=20
P/E? Again, that depends on your definition of earnings. People =
who use=20
operating earnings say that's fairer because operating results =
measure =20
earnings from ongoing operations. But of course it's fair to ask today =
whether=20
many "one-time" charges listed by companies really are recurring =
charges. The=20
market bears use that argument, and say P/Es should be figured on net=20
earnings.</FONT></FONT></FONT></SPAN><SPAN=20
class=3D203345004-01082002></SPAN><SPAN =
class=3D203345004-01082002><FONT=20
face=3DArial><FONT color=3D#0000ff><FONT=20
size=3D-1> I'm forwarding by =
separate=20
email a report from S&P that shows their current estimates of =
operating=20
P/Es by market sector.</FONT></FONT></FONT></SPAN><SPAN=20
class=3D203345004-01082002></SPAN><SPAN =
class=3D203345004-01082002></SPAN><SPAN=20
class=3D203345004-01082002><FONT face=3DArial><FONT =
color=3D#0000ff><FONT=20
size=3D-1> Thanks for=20
writing.</FONT></FONT></FONT></SPAN><SPAN=20
class=3D203345004-01082002></SPAN><SPAN =
class=3D203345004-01082002><FONT=20
face=3DArial><FONT color=3D#0000ff><FONT=20
size=3D-1> Tom=20
Petruno </FONT></FONT></FONT></SPAN><SPAN=20
class=3D203345004-01082002></SPAN><SPAN=20
class=3D203345004-01082002></SPAN> =20
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr><FONT =
face=3DTahoma><FONT=20
size=3D-1>-----Original Message-----</FONT></FONT> <BR><FONT =
face=3DTahoma><FONT=20
size=3D-1><B>From:</B> zillagirl [<A=20
=
href=3D"mailto:zillagirl@email.msn.com">mailto:zillagirl@email.msn.com</A=
>]</FONT></FONT>=20
<BR><FONT face=3DTahoma><FONT size=3D-1><B>Sent:</B> Monday, July =
15, 2002 4:49=20
PM</FONT></FONT> <BR><FONT face=3DTahoma><FONT size=3D-1><B>To:</B>=20
Tom.Petruno@latimes.com</FONT></FONT> <BR><FONT face=3DTahoma><FONT=20
size=3D-1><B>Subject:</B> markets nearing crucial stage=20
artile-07-14-02</FONT></FONT> <BR> </DIV><FONT =
face=3DArial><FONT=20
size=3D-1>In your article last Sunday, in the second to last column =
on page=20
A33(second paragraph), you stated that the average stock in the S =
& P=20
500 is priced at about 19 times this years expected earnings per =
share. That=20
is far above the historical average price to earnings ratio of about =
14. On the web site =
<A=20
href=3D"http://www.dicisionpoint.com">www.dicisionpoint.com</A> it =
states=20
today that the PE for the S&P 500 is at 39.60 as of =
7-12-02. Also=20
at site <A=20
=
href=3D"http://www.spglobal.com/earnings.html">www.spglobal.com/earnings.=
html</A> =20
It said last Friday that the PE of the S&P was at 37.31. (this =
is the=20
S&P website) I belong to an investment chat and we are all =
wondering how you arrived at your figures and why this discrepancy =
(which is=20
quite wide) exists. If your figure is wrong it is very =
misleading to=20
tell all of you subscribers the PE ratio is 1/2 of what it really =
is. =20
It makes the market look in a lot better shape then it really =
is. Can=20
you resolve this for us.. Thank you Nancy Polcaro-we will wait for =
your=20
response.</FONT></FONT></BLOCKQUOTE></BLOCKQUOTE><BR> =
<BR> =20
</BODY></HTML>
- ------=_NextPart_000_0006_01C23932.E8391BC0--
- -
- -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, 1 Aug 2002 08:20:30 -0700
From: "Larry Worden" <lworden@attbi.com>
Subject: Re: [CANSLIM] canslim stocks
sorry, i do not know how the, request receipt, got turned on.
- ----- Original Message -----
From: "Larry Worden" <lworden@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, August 01, 2002 8:04 AM
Subject: [CANSLIM] canslim stocks
> what about (TARO) ? the generic drugs should do will in this environment.
> ----- Original Message -----
> From: <Spencer48@aol.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, August 01, 2002 7:51 AM
> Subject: Re: [CANSLIM] Cramer-off topic
>
>
> > David, zillagirl:
> >
> > I remember in the 80's during the S&L scandals, the CEO of the
chief
> S&L that defrauded despositors was found guilty in court. But he had
moved
> many of his assets to Florida, and bought many more (including a horse
> ranch)-and the Florida laws protected him.
> >
> > So, even though he was found guilty, he did not have to disgorge
many
> of his profits of his ill-gotten gains.
> >
> > jans
> >
> >
> > In a message dated Wed, 31 Jul 2002 1:19:00 PM Eastern Standard Time,
> dougald@dmv.com writes:
> >
> > > I do not see how it is going to stop anyone from building a million
> dollar
> > > House. Unless,of course, something is done about Florida. As a matter
> of
> > > interest, iUnder the present law if you think you are about to go
> bankrupt
> > > you can always move to Florida ,where your home is immune
> > > to the Bankruptcy
> > > Laws. For example O.J. Simpson lives in Florida
> >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim". Do not use quotes in your email.
>
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Thu, 1 Aug 2002 11:23:51 -0400
From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] LNOP (was Tomorrow -off topic)
This is a multi-part message in MIME format.
- ------=_NextPart_000_0140_01C2394D.ECA9EF20
Content-Type: text/plain;
charset="US-ASCII"
Content-Transfer-Encoding: 7bit
I am starting a new company, folks. Don't ask me what it's going to
make, because I don't yet know. I have no clue what it's going to sell.
I don't know where it's going to be located. All I know is that, even
without a pro forma to show them, I'll have an unlimited amount of
venture capitalists begging me to take their money. All I have to do is
convince Katherine to be my CEO!
You're something else!
Duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Thursday, August 01, 2002 9:20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic)
I don't see the discussion of LNOP as off-topic, instead I see it as an
opportunity to practice the CANSLIM discipline. I've always believed
that what you *don't* buy is often more important than what you *do*
buy. Part of knowing what's worthy of an investment with your risk
capital is to have a disciplined approach to evaluating each potential
investment, and the CANSLIM list is a good place to practice. Following
that discipline without exception makes the difference between OK and
excellent returns, because that methodical process eliminates every
emotional dark turn from your decision making. While it may seem that
folks will post nothing but negative about a particular stock, it's
important to have a methodology that weighs the pros and cons and then
gives you a process to determine if the final weight is favorable given
the risk/reward tradeoff. In the end, there's not a single investment
decision that won't have odds. You stack those odds in your favor as
best you can and then take the plunge. But.....odds also imply that,
even if you've followed a discipline to the letter, there's *still* a
chance that it will work against you. Discipline then takes over when
you are forced to let go and move on to an alternative.
While were talking psychology, I'll just answer your question about "the
mass investor thing" by saying that it is more important to know what
*is* than *why* it is. Chart patterns are formed because folks on the
way up have differing objectives. Some have been in for a while and are
simply taking their profits and moving on to another investment, some
are taking money out of the stock because they know something about the
business/company/industry/market that others haven't yet perceived,
still others are fearful that they'll miss the boat or that they'll lose
their profits if they overstay their welcome. That causes a correction
of some sort. If there is another group of investors willing to step up
to the plate, then the stock will form some sort of consolidation, set
up and keep moving on. If there is not, then the stock falls. I wouldn't
obsess about the why's, just the how-to's.
Katherine
- ----- Original Message -----
From: zillagirl <mailto:zillagirl@email.msn.com>
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 6:04 PM
Subject: Re: [CANSLIM] LNOP (was Tomorrow -off topic)
Thank you Katherine-that's why I went off topic. He requested opinions
earlier and it interested me so I gave one. Is this o.k., to go off
topic or is it necessary to word it in a canslim type format as you
did? Also could I request your opinion on something. I sent a post this
morning about a W chart-I believe you sent the chart through. The
charts and volume thing is driving me nuts because I'm not seeing it. I
saw a run up and a shake out - a run up and a shake out. Do you have
any advice or thoughts as to why and what to do-or do you see the same
thing at all? I don't understand the mass investor thing that makes a W
or triple bottom happen like I do the cup with a handle. I was hoping to
get a response but didn't, because I'm frustrated by it. But if no
thoughts on how to help, appreciate your time. Thanks Nancy
- ----- Original Message -----
From: Katherine <mailto:kmalm@earthlink.net> Malm
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 3:42 PM
Subject: [CANSLIM] LNOP (was Tomorrow -off topic)
Donald & Nancy,
Here are the only facts you need to see this is a stinky stock...
Cashflow NEGATIVE
Earnings NEGATIVE (never had a positive year)
Growth in Sales NEGATIVE
RS 42 and DECLINING
Price LESS THAN 50 and 200 day moving averages
Research is one thing if you want to be "in the know" on a technology
with "potential"....but the only way to make (and keep) real money over
the long run is to stick to a discipline and this stock meets absolutely
zero CANSLIM criteria. If this were a short term trading forum, then
we'd be having an different discussion about an entirely different
discipline.
Katherine
- ----- Original Message -----
From: zillagirl <mailto:zillagirl@email.msn.com>
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 5:04 PM
Subject: Re: [CANSLIM] Tomorrow -off topic
Donald-I did a little checking on LNOP when I read your post. I am
always interested in new products and in some cases will buy in and wait
for the business to develop and the fundamentals to improve, to buy low.
Apparently EZ Chip won the award for the most highly integrated 10
Gigabit network processor. This company is a subsidiary of Lan
Optics(semi conductor company). Lan optics holding in EZ Chip was just
increased from 57% to 66 % by issuing Apax-a venture capitalist co. who
held the shares- 1.2 million newly issued shares of Lan Optics, for
their additional stake. The EZ Chip is suppose to save time and money of
up to 80%. I have three things that kept me from going further and
checking acc.-roe-rs etc. 1).Possible dilution of Lan Optic share by 1.2
million. 2) They are not anticipating sales to affect revenues for
apx. 1 year. 3) Semis not shining lately .I appreciate your bringing it
to my attention and I will follow it , but I think with the market like
it is there may be a better buy in opportunity closer to when company
starts to grow from the new product. But I could be just as wrong as
right. I got my research from T.D. Waterhouse web site. Good Luck with
it. nancy
- ----- Original Message -----
From: Donald <mailto:dougald@dmv.com> Wallker
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 2:21 PM
Subject: Re: [CANSLIM] Tomorrow
I'm so glad to hear from someone in the thick of things that tells me
that emotions, rather than hide-bound calculations ,rule the day in
the market. In truth, I'd rather take a risk, based on the sentiment of
the marketplace together with some reasonable input, than to always hang
my hat on CANSLIM. For example, early this morning I came within a
hair of buying into AYE, not because I thought it was a great investment
but because, at the opening bell it was paying close to %10 in
dividends and I knew in my heart that that would not last. Rather, I
thought I could easily take a %10 to %15 profit by buying early and
selling late today, since, no doubt, the brokers would be pushing the
stock. As it turned out, the ere was more that %10 invloved However,
I found a potentially more favorable, but admittedly longer term
investment, that is, LNOP. for less that its closing price. I'd rather
run a risk for a %500 gain than c\to ontinuously rake in %10 plus gains.
It's all a matter of perspective ------ Donald
- ----- Original Message -----
From: Fred <mailto:adrich@gte.net> Richards
To: canslim@lists.xmission.com
Sent: Wednesday, July 31, 2002 4:46 PM
Subject: RE: [CANSLIM] Tomorrow
Heck, it was just the wise guys pushing the market up at the end. Check
the volume. Today was month end and they were trying to pretty up
things. The turnaround looks very suspicious from my perspective
particularly as almost all of the recent ones have occurred after 3 p.m.
in NY including this one.
For me, I'll look at what the overseas markets are doing and the
pre-market NASDAQ indicator before getting too excited. Further more,
they were substantially more new lows than new highs for both the NYSE
and the NASDAQ.
But emotions, not facts, rule markets even among the big players.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker
Sent: Wednesday, July 31, 2002 3:06 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Tomorrow
"Tomorrow, tomorrow, there's always tomorrow, it's only a day away."
And I suspect that it will be a be a Bull day tomorrow given the
turn-around in todays trading. At this writing we are not yet closed,
but we are far, far up from today's earlier market weakness, which
normally bodes well for tomorrow. So-- to everyone in the Group i bid
you a Happy Tomorrow! - - Donald
- ------=_NextPart_000_0140_01C2394D.ECA9EF20
Content-Type: text/html;
charset="US-ASCII"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Dus-ascii">
<TITLE>Message</TITLE>
<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D296430915-01082002></SPAN><FONT face=3DArial><SPAN=20
class=3D296430915-01082002>I am starting a new company, folks. =
Don't ask me=20
what it's going to make, because I don't yet know. I have no clue =
what=20
it's going to sell. I don't know where it's going to be=20
located. </SPAN>A<SPAN class=3D296430915-01082002>ll I know =
is that,=20
even without a pro forma to show them, I'll have an unlimited =
amount of=20
venture capitalists begging me to take their money. All I =
have to do=20
is convince Katherine to be my CEO!</SPAN></FONT></DIV>
<DIV><FONT face=3DArial><SPAN =
class=3D296430915-01082002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial><SPAN class=3D296430915-01082002>You're =
something=20
else!</SPAN></FONT></DIV>
<DIV><FONT face=3DArial><SPAN =
class=3D296430915-01082002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial><SPAN =
class=3D296430915-01082002>Duke</SPAN></FONT></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Katherine Malm<BR><B>Sent:</B> Thursday, August =
01, 2002=20
9:20 AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
Re:=20
[CANSLIM] LNOP (was Tomorrow -off topic)<BR><BR></FONT></DIV>
<DIV>I don't see the discussion of LNOP as off-topic, instead I see it =
as an=20
opportunity to practice the CANSLIM discipline. I've always believed =
that what=20
you *don't* buy is often more important than what you *do* buy. Part =
of=20
knowing what's worthy of an investment with your risk capital is to =
have a=20
disciplined approach to evaluating each potential investment, and the =
CANSLIM=20
list is a good place to practice. Following that discipline without =
exception=20
makes the difference between OK and excellent returns, because that =
methodical=20
process eliminates every emotional dark turn from your decision =
making. While=20
it may seem that folks will post nothing but negative about a =
particular=20
stock, it's important to have a methodology that weighs the pros and =
cons and=20
then gives you a process to determine if the final weight is favorable =
given=20
the risk/reward tradeoff. In the end, there's not a single investment =
decision=20
that won't have odds. You stack those odds in your favor as best you =
can and=20
then take the plunge. But.....odds also imply that, even if you've =
followed a=20
discipline to the letter, there's *still* a chance that it will work =
against=20
you. Discipline then takes over when you are forced to let go and move =
on to=20
an alternative.</DIV>
<DIV> </DIV>
<DIV>While were talking psychology, I'll just answer your question =
about "the=20
mass investor thing" by saying that it is more important to know what =
*is*=20
than *why* it is. Chart patterns are formed because folks on the way =
up have=20
differing objectives. Some have been in for a while and are simply =
taking=20
their profits and moving on to another investment, some are taking =
money out=20
of the stock because they know something about the=20
business/company/industry/market that others haven't yet perceived, =
still=20
others are fearful that they'll miss the boat or that they'll lose =
their=20
profits if they overstay their welcome. That causes a correction of =
some sort.=20
If there is another group of investors willing to step up to the =
plate, then=20
the stock will form some sort of consolidation, set up and keep moving =
on. If=20
there is not, then the stock falls. I wouldn't obsess about the why's, =
just=20
the how-to's.</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=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</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 31, =
2002 6:04=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] LNOP =
(was=20
Tomorrow -off topic)</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Thank you Katherine-that's why I =
went off=20
topic. He requested opinions earlier and it interested me so I gave =
one. Is=20
this o.k., to go off topic or is it necessary to word it in a =
canslim=20
type format as you did? Also could I request your opinion on=20
something. I sent a post this morning about a W chart-I believe you =
sent the=20
chart through. The charts and volume thing is driving me nuts =
because=20
I'm not seeing it. I saw a run up and a shake out - a run up =
and a=20
shake out. Do you have any advice or thoughts as to why and =
what to=20
do-or do you see the same thing at all? I don't understand=20
the mass investor thing that makes a W or triple bottom happen =
like I=20
do the cup with a handle. I was hoping to get a response but =
didn't,=20
because I'm frustrated by it. But if no thoughts on how to help, =
appreciate=20
your time. Thanks Nancy</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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> Wednesday, July 31, =
2002 3:42=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] LNOP =
(was Tomorrow=20
-off topic)</DIV>
<DIV><BR></DIV>
<DIV>Donald & Nancy,</DIV>
<DIV> </DIV>
<DIV>Here are the only facts you need to see this is a stinky=20
stock...</DIV>
<DIV> </DIV>
<DIV>Cashflow NEGATIVE</DIV>
<DIV>Earnings NEGATIVE (never had a positive year)</DIV>
<DIV>Growth in Sales NEGATIVE</DIV>
<DIV>RS 42 and DECLINING</DIV>
<DIV>Price LESS THAN 50 and 200 day moving averages</DIV>
<DIV> </DIV>
<DIV>Research is one thing if you want to be "in the know" on a =
technology=20
with "potential"....but the only way to make (and keep) real money =
over=20
the long run is to stick to a discipline and this stock meets=20
absolutely zero CANSLIM criteria. If this were a short term =
trading=20
forum, then we'd be having an different discussion about an =
entirely=20
different discipline.</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=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</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> Wednesday, July 31, =
2002 5:04=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Tomorrow=20
-off topic</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Donald-I did a little checking =
on LNOP when=20
I read your post. I am always interested in new products and in =
some=20
cases will buy in and wait for the business to develop and the=20
fundamentals to improve, to buy low. Apparently EZ Chip won =
the=20
award for the most highly integrated 10 Gigabit network =
processor. =20
This company is a subsidiary of Lan Optics(semi conductor =
company). Lan=20
optics holding in EZ Chip was just increased from 57% to 66 % by =
issuing=20
Apax-a venture capitalist co. who held the shares- 1.2 million =
newly=20
issued shares of Lan Optics, for their additional stake. The EZ =
Chip is=20
suppose to save time and money of up to 80%. I =
have three=20
things that kept me from going further and checking acc.-roe-rs =
etc.=20
1).Possible dilution of Lan Optic share by 1.2=20
million. 2) They are not =
anticipating=20
sales to affect revenues for apx. 1 year. 3) Semis not =
shining=20
lately .I appreciate your bringing it to my attention and I will =
follow=20
it , but I think with the market like it is there may be a =
better buy in=20
opportunity closer to when company starts to grow from the new=20
product. But I could be just as wrong as right. I got my =
research=20
from T.D. Waterhouse web site. Good Luck with it. =20
nancy</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=3Ddougald@dmv.com =
href=3D"mailto:dougald@dmv.com">Donald=20
Wallker</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> Wednesday, July =
31, 2002=20
2:21 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Tomorrow=20
</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I'm so glad to hear from =
someone in the=20
thick of things that tells me that emotions, =
rather than=20
hide-bound calculations ,rule the day in the =
market. =20
In truth, I'd rather take a risk, based on the sentiment of =
the=20
marketplace together with some reasonable input, than to =
always hang=20
my hat on CANSLIM. For example, early this morning =
I=20
came within a hair of buying into AYE, not because I thought =
it was a=20
great investment but because, at the opening bell it was=20
paying close to %10 in dividends and I knew =
in my=20
heart that that would not last. Rather, I thought I =
could easily=20
take a %10 to %15 profit by buying early and selling =
late today,=20
since, no doubt, the brokers would be pushing the stock. =
As it=20
turned out, the ere was more that %10 invloved =20
However, I found a potentially more favorable, =
but=20
admittedly longer term investment, that is, LNOP. for less =
that its=20
closing price. I'd rather run a risk for a %500 gain than c\to =
ontinuously rake in %10 plus gains. It's all a matter of =
perspective ------ Donald </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=3Dadrich@gte.net =
href=3D"mailto:adrich@gte.net">Fred=20
Richards</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> Wednesday, July =
31, 2002=20
4:46 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: =
[CANSLIM] Tomorrow=20
</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Heck, it was just the wise guys pushing the market =
up at the=20
end. Check the volume. Today was month end and they were =
trying to=20
pretty up things. The turnaround looks very suspicious =
from my=20
perspective particularly as almost all of the recent ones =
have=20
occurred after 3 p.m. in NY including this =
one.</FONT></SPAN></DIV>
<DIV><SPAN class=3D000053820-31072002></SPAN> </DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>For me, I'll look at what the overseas markets are =
doing and=20
the pre-market NASDAQ indicator before getting too excited. =
Further=20
more, they were substantially more new lows than new highs =
for both=20
the NYSE and the NASDAQ. </FONT></SPAN></DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>But emotions, not facts, rule markets even among =
the big=20
players.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma 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=20
</B>Donald Wallker<BR><B>Sent:</B> Wednesday, July 31, =
2002 3:06=20
PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B>=20
[CANSLIM] Tomorrow <BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>"Tomorrow, tomorrow, =
there's always=20
tomorrow, it's only a day away." And I suspect =
that it=20
will be a be a Bull day tomorrow given the turn-around in =
todays=20
trading. At this writing we are not yet closed, but =
we are=20
far, far up from today's earlier market =
weakness,=20
which normally bodes well for tomorrow. So-- to =
everyone in=20
the Group i bid you a Happy Tomorrow! - -=20
=
Donald </FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQU=
OTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0140_01C2394D.ECA9EF20--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
End of canslim-digest V2 #2705
******************************
To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com"
with "unsubscribe canslim-digest" in the body of the message.
For information on digests or retrieving files and old messages send
"help" to the same address. Do not use quotes in your message.