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From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3101 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 Wednesday, December 25 2002 Volume 02 : Number 3101 In this issue: Re: [CANSLIM] Qwest research [CANSLIM] OT - Qwest bond swap RE: [CANSLIM] OT - Qwest bond swap [CANSLIM] During the Holiday's, should you pay attention to the statistics? Re: [CANSLIM] During the Holiday's, should you pay attention to the statistics? Re: [CANSLIM] Qwest research [CANSLIM] Merry Xmas [CANSLIM] RE:Merry Whatever (was Merry Xmas) ---------------------------------------------------------------------- Date: Wed, 25 Dec 2002 07:18:47 -0500 From: "Tom Worley" <stkguru@bellsouth.net> Subject: Re: [CANSLIM] Qwest research I noted on the chart that the number of mutual funds holding "Q" has been steadily dropping for the past year, so I would agree with you on the lack of institutional interest. With the combination of the FCC approval on Monday, and the completion of the "bond swap" to lower their debt, this could change, but the forecast of continued losses for 2003 doesn't paint this company in a positive way. Here is an excerpt from one story at Yahoo on all this. It appears that the bond swap was accomplished under the threat of possible bankruptcy, and a lowering in standing of the creditors if that occurred. "Qwest, which has been trying to stave off bankruptcy, said on Monday that a new entity, Qwest Services Corp., issued $3.3 billion of new bonds in exchange for about $5.2 billion of existing bonds issued by Qwest Capital Funding. Qwest said its debt load fell to about $22.6 billion from $24.5 billion. Analysts said the transaction gives Qwest -- which has suffered from stiff competition, too much high-speed network capacity and weak demand -- greater financial flexibility. Qwest is also selling its profitable QwestDex phone book business for $7.05 billion. S&P nevertheless viewed the bond swap as a "distressed exchange." It cut Qwest's corporate credit rating two notches from "CC" and Qwest Capital Funding's debt rating one notch from "C." Some bondholders had challenged the swap as "coercive," saying that Qwest was forcing them to exchange their bonds at below face value, or else fall lower in the pecking order for repayment in case Qwest went broke. A federal judge last week denied their motion to block the exchange." - ----- Original Message ----- From: <Spencer48@aol.com> To: <canslim@lists.xmission.com> Sent: Wednesday, December 25, 2002 2:36 AM Subject: Re: [CANSLIM] Qwest research pshah: I don't want to argue the point. This is just how Q appears to me: You could be right; however, I think you are wrong. Q is not in a bullish mode. Here is why I think that: Earnings, and even projected '03 Earnings, are negative; There is A LOT of overhead resistance (I believe that both these points support the fact that institutions will not invest in Q. They would have bought Q in the 90's when "Romance" of internet stocks was in full bloom, but I don't believe they would now. Earnings are what will propel the stock tomorrow, not fanciful notions); One could argue that Q has made a V-shaped cup, but going from about 1 up to 4╜ is not my idea of a rally (the cup's subsequent trough should be a correction from an immediately preceding rally). To me the chart looks like a rally correction of an ongoing downtrend. I'll never understand (although I probably did it myself) the novice's mad love affair with technical analysis for technical analysis's sake. If something isn't kosher, why acceed to it? For example, you say that the RS has been increasing, gapping up on higher volume and "not violating the gap". I say: Big Deal. This just says that the stock is doing better than the market-so the question becomes why choose this stock over others with better and more powerful RS-Lines? Also, what is the connection between your implication that the stock is strong because the RS-Line did not violate the gap? In my opinion, the RS-Line is not the stock; the only thing that can be read in the RS-Line is: that it is steep, that it is level or that it is plunging. As I said, you could be right and I could be wrong. However, a successful stock picker must not only learn so that he/she can understand chart analysis, but also he/she must be able to view the chart realistically, and understand what is and what is not significant (even though a lot in the chart may actually be relevant). jans In a message dated 12/25/2002 1:34:53 AM Eastern Standard Time, pshah@lason.com writes: << To me the chart looks very bullish. Ofcourse, I am inexperienced >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 25 Dec 2002 08:10:38 -0500 From: "Tom Worley" <stkguru@bellsouth.net> Subject: [CANSLIM] OT - Qwest bond swap This is a multi-part message in MIME format. - ------=_NextPart_000_003F_01C2ABED.1BE81A70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Here are some more details. As I suspected, the cost of servicing the = new debt will considerably exceed what the old bonds were paying because = of the drastically higher "junk bond" rates. So total debt goes down, = but expenses goes up. Also noteworthy that only institutional holders = were involved, this bond swap could not be "offered" to the public = because Qwest's financials have not been audited, and in light of the = ongoing investigations. The FCC, while approving the entry into long = distance service, also expressed concerns over allegations that Qwest = bribed competitors into supporting their application by giving them = secret deals for access to their network, and intends to monitor Qwest = closely in the future. Several states are also investigating them and = these deals. Again from Yahoo: (formatting and marking is mine) " Holders of about $4 billion of Qwest bonds went to court to challenge = the exchange offer, which Qwest announced on Nov. 20.=20 They said Qwest was forcing them to exchange their bonds at a fraction = of face value -- between 52.5 percent and 82.5 percent, depending on the = bond -- or else fall lower in the pecking order for repayment in case = Qwest went broke.=20 Last week, Judge Denny Chin for the U.S. District Court in Manhattan = denied a motion to block the exchange, saying the bondholders failed to = prove "irreparable harm." The bondholders later dropped their complaint. = Qwest said holders of $5.2 billion of Qwest Capital Funding Inc. debt = maturing between 2004 and 2031 exchanged it for $3.3 billion of more = senior debt issued by Qwest Services Corp. maturing in 2007, 2010 or = 2014.=20 Qwest had offered to exchange up to $12.9 billion of the old bonds,(so = not what I would call a successful offering, well under half accepted) = which carried interest rates between 5.875 percent and 7.9 percent. The = new debt carries rates between 13 percent and 14 percent." Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_000_003F_01C2ABED.1BE81A70 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 6.00.2800.1126" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY> <DIV><FONT face=3DArial>Here are some more details. As I suspected, the = cost of=20 servicing the new debt will considerably exceed what the old bonds were = paying=20 because of the drastically higher "junk bond" rates. So total debt goes = down,=20 but expenses goes up. Also noteworthy that only institutional holders = were=20 involved, this bond swap could not be "offered" to the public because = Qwest's=20 financials have not been audited, and in light of the ongoing = investigations.=20 The FCC, while approving the entry into long distance service, also = expressed=20 concerns over allegations that Qwest bribed competitors into supporting = their=20 application by giving them secret deals for access to their network, and = intends=20 to monitor Qwest closely in the future. Several states are also = investigating=20 them and these deals.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Again from Yahoo: (formatting and marking is=20 mine)</FONT></DIV> <DIV><FONT face=3DArial>"</FONT> <P><FONT face=3DArial>Holders of about $4 billion of Qwest bonds went to = court to=20 challenge the exchange offer, which Qwest announced on Nov. 20. </FONT> <P><FONT face=3DArial>They said Qwest was forcing them to exchange their = bonds at=20 a <EM>fraction of face value -- between 52.5 percent and 82.5 = percent</EM>,=20 depending on the bond -- or else fall lower in the pecking order for = repayment=20 in case Qwest went broke. </FONT> <P><FONT face=3DArial>Last week, Judge Denny Chin for the U.S. District = Court in=20 Manhattan denied a motion to block the exchange, saying the bondholders = failed=20 to prove "irreparable harm." The bondholders later dropped their = complaint.=20 </FONT> <P><FONT face=3DArial>Qwest said holders of <STRONG>$5.2 = billion</STRONG> of Qwest=20 Capital Funding Inc. debt maturing between 2004 and 2031 exchanged it = for=20 <STRONG>$3.3 billion</STRONG> of more senior debt issued by Qwest = Services Corp.=20 maturing in 2007, 2010 or 2014. </FONT> <P><FONT face=3DArial><STRONG>Qwest had offered to exchange up to $12.9 = billion of=20 the old bonds</STRONG>,(<FONT color=3D#ff0000>so not what I would call a = successful offering, well under half accepted)</FONT> which carried = interest rates between <STRONG>5.875 percent and 7.9 percent</STRONG>. = The new=20 debt carries rates between <STRONG>13 percent and 14=20 percent</STRONG>."</FONT></P> <P><FONT face=3DArial></FONT> </P></DIV> <DIV><FONT face=3DArial>Tom Worley<BR></FONT><A=20 href=3D"mailto:stkguru@bellsouth.net"><FONT=20 face=3DArial>stkguru@bellsouth.net</FONT></A><BR><FONT face=3DArial>AIM: = TexWorley</FONT></DIV></BODY></HTML> - ------=_NextPart_000_003F_01C2ABED.1BE81A70-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 25 Dec 2002 08:34:54 -0600 From: "Fred Richards" <ffradrich@attbi.com> Subject: RE: [CANSLIM] OT - Qwest bond swap This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01C2ABF0.7FDBB0C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Slept in after Midnight services and delivering all those presents . . . Tom is right, Qwest is a great example of the technical and charting giving a false signal and where looking at the news and fundamentals might give an investor a better understanding of the opportunities available in the stock. From my perspective, Qwest is using the old "smoke and mirrors" strategy in an attempt to stave off bankruptcy. While some investors may profit as the stock vacillates up and down, the future for Qwest with all of the stockholder and bondholder suits as well as the states and SEC investigations is doubtful. Only the lawyers win in these types of stocks. The stockholders will be left holding the bag and the people responsible, e.g., the CEO and the Board of Directors, will take their marbles and skate free. This is not a stock a CANSLIM investor should consider. There are way too many, (if only one exists), good stocks to invest in rather than a embattled company like Qwest. Now a speculator might be willing to take the risk. But a CANSLIM investor . . . never! So now that Mrs.. Claus has said, the presents are ready to open . . . I will head back up the chimney and on the way, Wish all of you a Very Merry Christmas and Best Wishes for a Happy, Healthy, and Bountiful New Year! Fred Richards -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Wednesday, December 25, 2002 7:11 AM To: CANSLIM Subject: [CANSLIM] OT - Qwest bond swap Here are some more details. As I suspected, the cost of servicing the new debt will considerably exceed what the old bonds were paying because of the drastically higher "junk bond" rates. So total debt goes down, but expenses goes up. Also noteworthy that only institutional holders were involved, this bond swap could not be "offered" to the public because Qwest's financials have not been audited, and in light of the ongoing investigations. The FCC, while approving the entry into long distance service, also expressed concerns over allegations that Qwest bribed competitors into supporting their application by giving them secret deals for access to their network, and intends to monitor Qwest closely in the future. Several states are also investigating them and these deals. Again from Yahoo: (formatting and marking is mine) " Holders of about $4 billion of Qwest bonds went to court to challenge the exchange offer, which Qwest announced on Nov. 20. They said Qwest was forcing them to exchange their bonds at a fraction of face value -- between 52.5 percent and 82.5 percent, depending on the bond -- or else fall lower in the pecking order for repayment in case Qwest went broke. Last week, Judge Denny Chin for the U.S. District Court in Manhattan denied a motion to block the exchange, saying the bondholders failed to prove "irreparable harm." The bondholders later dropped their complaint. Qwest said holders of $5.2 billion of Qwest Capital Funding Inc. debt maturing between 2004 and 2031 exchanged it for $3.3 billion of more senior debt issued by Qwest Services Corp. maturing in 2007, 2010 or 2014. Qwest had offered to exchange up to $12.9 billion of the old bonds,(so not what I would call a successful offering, well under half accepted) which carried interest rates between 5.875 percent and 7.9 percent. The new debt carries rates between 13 percent and 14 percent." Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_000_0008_01C2ABF0.7FDBB0C0 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 6.00.2719.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2>Slept=20 in after Midnight services and delivering all those presents . .=20 .</FONT></SPAN></DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2>Tom is=20 right, Qwest is a great example of the technical and charting giving a = false=20 signal and where looking at the news and fundamentals might give an = investor a=20 better understanding of the opportunities available in the=20 stock.</FONT></SPAN></DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2>From=20 my perspective, Qwest is using the old "smoke and mirrors" strategy in = an=20 attempt to stave off bankruptcy. While some investors may profit = as the=20 stock vacillates up and down, the future for Qwest with all of the = stockholder=20 and bondholder suits as well as the states and SEC investigations is=20 doubtful. Only the lawyers win in these types of=20 stocks.</FONT></SPAN></DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2>The=20 stockholders will be left holding the bag and the people responsible, = e.g., the=20 CEO and the Board of Directors, will take their marbles and skate=20 free. This is not a stock a CANSLIM investor should = consider. There=20 are way too many, (if only one exists), good stocks to = invest in=20 rather than a embattled company like Qwest.</FONT></SPAN></DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2>Now a=20 speculator might be willing to take the risk. But a CANSLIM = investor . . .=20 never!</FONT></SPAN></DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2>So now=20 that Mrs.. Claus has said, the presents are ready to open . . . I will = head back=20 up the chimney and on the way, </FONT></SPAN></DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2>Wish=20 all of you a Very Merry Christmas and Best Wishes for a Happy, Healthy, = and=20 Bountiful New Year!</FONT></SPAN></DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D580112414-25122002><FONT face=3DArial color=3D#0000ff = size=3D2>Fred=20 Richards</FONT></SPAN></DIV> <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"> <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>Tom=20 Worley<BR><B>Sent:</B> Wednesday, December 25, 2002 7:11 = AM<BR><B>To:</B>=20 CANSLIM<BR><B>Subject:</B> [CANSLIM] OT - Qwest bond = swap<BR><BR></FONT></DIV> <DIV><FONT face=3DArial>Here are some more details. As I suspected, = the cost of=20 servicing the new debt will considerably exceed what the old bonds = were paying=20 because of the drastically higher "junk bond" rates. So total debt = goes down,=20 but expenses goes up. Also noteworthy that only institutional holders = were=20 involved, this bond swap could not be "offered" to the public because = Qwest's=20 financials have not been audited, and in light of the ongoing = investigations.=20 The FCC, while approving the entry into long distance service, also = expressed=20 concerns over allegations that Qwest bribed competitors into = supporting their=20 application by giving them secret deals for access to their network, = and=20 intends to monitor Qwest closely in the future. Several states are = also=20 investigating them and these deals.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Again from Yahoo: (formatting and marking is=20 mine)</FONT></DIV> <DIV><FONT face=3DArial>"</FONT>=20 <P><FONT face=3DArial>Holders of about $4 billion of Qwest bonds went = to court=20 to challenge the exchange offer, which Qwest announced on Nov. 20. = </FONT> <P><FONT face=3DArial>They said Qwest was forcing them to exchange = their bonds=20 at a <EM>fraction of face value -- between 52.5 percent and 82.5 = percent</EM>,=20 depending on the bond -- or else fall lower in the pecking order for = repayment=20 in case Qwest went broke. </FONT> <P><FONT face=3DArial>Last week, Judge Denny Chin for the U.S. = District Court in=20 Manhattan denied a motion to block the exchange, saying the = bondholders failed=20 to prove "irreparable harm." The bondholders later dropped their = complaint.=20 </FONT> <P><FONT face=3DArial>Qwest said holders of <STRONG>$5.2 = billion</STRONG> of=20 Qwest Capital Funding Inc. debt maturing between 2004 and 2031 = exchanged it=20 for <STRONG>$3.3 billion</STRONG> of more senior debt issued by Qwest = Services=20 Corp. maturing in 2007, 2010 or 2014. </FONT> <P><FONT face=3DArial><STRONG>Qwest had offered to exchange up to = $12.9 billion=20 of the old bonds</STRONG>,(<FONT color=3D#ff0000>so not what I would = call a=20 successful offering, well under half accepted)</FONT> which = carried=20 interest rates between <STRONG>5.875 percent and 7.9 percent</STRONG>. = The new=20 debt carries rates between <STRONG>13 percent and 14=20 percent</STRONG>."</FONT></P> <P><FONT face=3DArial></FONT> </P></DIV> <DIV><FONT face=3DArial>Tom Worley<BR></FONT><A=20 href=3D"mailto:stkguru@bellsouth.net"><FONT=20 face=3DArial>stkguru@bellsouth.net</FONT></A><BR><FONT = face=3DArial>AIM:=20 TexWorley</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0008_01C2ABF0.7FDBB0C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 25 Dec 2002 08:50:46 -0600 From: "Fred Richards" <ffradrich@attbi.com> Subject: [CANSLIM] During the Holiday's, should you pay attention to the statistics? This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C2ABF2.B75791C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit As volatility increases and volume wanes during the holiday season, and year-end positioning for portfolio reporting and tax planning impacts the markets, can we rely on technical data and charts to show the way in the future? In any event, the A rated stocks from IBD's Accumulate/Distribution rankings have been updated and are available at: http://www.adrich.com/SI/Info/A's.htm - ---------------------------------------------------------------------------- - ---- Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com - ------=_NextPart_000_000E_01C2ABF2.B75791C0 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 6.00.2719.2200" name=3DGENERATOR></HEAD> <BODY> <DIV><FONT face=3DArial size=3D2><SPAN class=3D060114614-25122002>As = volatility=20 increases and volume wanes during the holiday season, and year-end = positioning=20 for portfolio reporting and tax planning impacts the markets, can we = rely on=20 technical data and charts to show the way in the = future?</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D060114614-25122002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D060114614-25122002>In any = event, the A=20 rated stocks from IBD's Accumulate/Distribution rankings have been = updated and=20 are available at:</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D060114614-25122002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D060114614-25122002><A=20 href=3D"http://www.adrich.com/SI/Info/A's.htm">http://www.adrich.com/SI/I= nfo/A's.htm</A></SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D060114614-25122002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D060114614-25122002> <HR> </SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2>Fred Richards</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>Corruptisima republica plurimae = leges. [The=20 more corrupt a republic, the more laws.] - - Tacitus, Annuals III=20 27</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2><A=20 href=3D"http://www.adrich.com/">www.adrich.com</A></FONT></DIV> <DIV> </DIV></BODY></HTML> - ------=_NextPart_000_000E_01C2ABF2.B75791C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 25 Dec 2002 09:56:55 -0500 From: "Tom Worley" <stkguru@bellsouth.net> Subject: Re: [CANSLIM] During the Holiday's, should you pay attention to the statistics? This is a multi-part message in MIME format. - ------=_NextPart_000_00A9_01C2ABFB.F533D130 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Fred, I keep all this in mind as I weigh the volume and pricing, and = factor it in. Primarily what I watch for is any apparent reversal in = trends, as it can be (but not necessarily so) an early harbinger of what = the new year may bring. - ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, December 25, 2002 9:50 AM Subject: [CANSLIM] During the Holiday's, should you pay attention to the = statistics? As volatility increases and volume wanes during the holiday season, and = year-end positioning for portfolio reporting and tax planning impacts = the markets, can we rely on technical data and charts to show the way in = the future? In any event, the A rated stocks from IBD's Accumulate/Distribution = rankings have been updated and are available at: http://www.adrich.com/SI/Info/A's.htm - -------------------------------------------------------------------------= - ------- =20 Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, = the more laws.] - - Tacitus, Annuals III 27 www.adrich.com - ------=_NextPart_000_00A9_01C2ABFB.F533D130 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 6.00.2800.1126" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>Fred, I keep all this in mind as I weigh the = volume and=20 pricing, and factor it in. Primarily what I watch for is any apparent = reversal=20 in trends, as it can be (but not necessarily so) an early harbinger of = what the=20 new year may bring.</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=3Dffradrich@attbi.com href=3D"mailto:ffradrich@attbi.com">Fred = Richards</A>=20 </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, December 25, 2002 9:50 AM</DIV> <DIV><B>Subject:</B> [CANSLIM] During the Holiday's, should you pay = attention to=20 the statistics?</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D060114614-25122002>As = volatility=20 increases and volume wanes during the holiday season, and year-end = positioning=20 for portfolio reporting and tax planning impacts the markets, can we = rely on=20 technical data and charts to show the way in the = future?</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D060114614-25122002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D060114614-25122002>In any = event, the A=20 rated stocks from IBD's Accumulate/Distribution rankings have been = updated and=20 are available at:</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D060114614-25122002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D060114614-25122002><A=20 href=3D"http://www.adrich.com/SI/Info/A's.htm">http://www.adrich.com/SI/I= nfo/A's.htm</A></SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D060114614-25122002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D060114614-25122002> <HR> </SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2>Fred Richards</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>Corruptisima republica plurimae = leges. [The=20 more corrupt a republic, the more laws.] - - Tacitus, Annuals III=20 27</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2><A=20 href=3D"http://www.adrich.com/">www.adrich.com</A></FONT></DIV> <DIV> </DIV></BODY></HTML> - ------=_NextPart_000_00A9_01C2ABFB.F533D130-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 25 Dec 2002 08:48:14 -0700 From: "rolf hertenstein" <rolfh@mindspring.com> Subject: Re: [CANSLIM] Qwest research Fundamentally bad stocks sometimes rise while good stocks drop. Seems like fundies tell you what a stock should do while TA tells you what it's actually doing. Nothing un-CANSLIM about that - that's all buying a 90/90/90 AAA stock exactly at the pivot of a CWH is doing. So while Q may become a good short, and maybe soon, TA (above 30-week MA, above 50 DMA, strong RS, fairly high short ratio, fairly strong IG, etc.) tells me not to short it today. (Besides, the market's closed - ha ha, ho ho to one and all). Rolf - ----- Original Message ----- From: <Spencer48@aol.com> To: <canslim@lists.xmission.com> Sent: Wednesday, December 25, 2002 12:36 AM Subject: Re: [CANSLIM] Qwest research I'll never understand (although I probably did it myself) the novice's mad love affair with technical analysis for technical analysis's sake. If something isn't kosher, why acceed to it? For example, you say that the RS has been increasing, gapping up on higher volume and "not violating the gap". I say: Big Deal. This just says that the stock is doing better than the market-so the question becomes why choose this stock over others with better and more powerful RS-Lines? - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 25 Dec 2002 12:01:55 -0800 From: Steve <scgjd@pacbell.net> Subject: [CANSLIM] Merry Xmas This is a multi-part message in MIME format. - ------=_NextPart_000_001D_01C2AC0D.6B646890 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable To all: http://web.icq.com/shockwave/0,,4845,00.swf Steve Grier a lurker scgjd@pacbell.net - ------=_NextPart_000_001D_01C2AC0D.6B646890 Content-Type: text/html; charset="Windows-1252" 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=3Dwindows-1252"> <META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT size=3D2>To all:</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2><A=20 href=3D"http://web.icq.com/shockwave/0,,4845,00.swf">http://web.icq.com/s= hockwave/0,,4845,00.swf</A></FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Steve Grier<BR>a lurker</FONT></DIV> <DIV><FONT size=3D2><A=20 href=3D"mailto:scgjd@pacbell.net">scgjd@pacbell.net</A></FONT></DIV></BOD= Y></HTML> - ------=_NextPart_000_001D_01C2AC0D.6B646890-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 25 Dec 2002 16:42:58 -0500 From: "inderjit" <inderjit@adelphia.net> Subject: [CANSLIM] RE:Merry Whatever (was Merry Xmas) This is a multi-part message in MIME format. - ------=_NextPart_000_0015_01C2AC34.AFA15D20 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Please accept with no obligation, implied or explicit our best wishes for an environmentally conscious, socially responsible, low stress, non-addictive, gender neutral, celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasions and/or traditions of others, or their choice not to practice religious or secular traditions at all...and a fiscally successful, personally fulfilling, and medically uncomplicated recognition of the onset of the generally accepted calendar year 1999, but not without due respect for the calendars of choice of other cultures whose contributions to society have helped make America great, (not to imply that the United States of America is necessarily greater than any other country or is the only "AMERICA" in the western hemisphere), and without regard to the race, creed, color, age, physical ability, religious faith, or sexual preference of the wishee. By accepting this greeting, you are accepting these terms. This greeting is subject to clarification or withdrawal. It is freely transferable with no alteration to the original greeting. It implies no promise by the wisher to actually implement any of the wishes for her/himself or others, and is void where prohibited by law, and is revocable at the sole discretion of the wisher. This wish is warranted to perform as expected within the usual application of good tidings for a period of one year, or until the issuance of a subsequent holiday greeting, whichever comes first, and warranty is limited to replacement of this wish or issuance of a new wish at the sole discretion of the wisher.) Merry - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Steve Sent: Wednesday, December 25, 2002 3:02 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Merry Xmas To all: http://web.icq.com/shockwave/0,,4845,00.swf Steve Grier a lurker scgjd@pacbell.net - ------=_NextPart_000_0015_01C2AC34.AFA15D20 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <html xmlns:v=3D"urn:schemas-microsoft-com:vml" = xmlns:o=3D"urn:schemas-microsoft-com:office:office" = xmlns:w=3D"urn:schemas-microsoft-com:office:word" = xmlns:st1=3D"urn:schemas-microsoft-com:office:smarttags" = xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; = charset=3Dus-ascii"> <meta name=3DProgId content=3DWord.Document> <meta name=3DGenerator content=3D"Microsoft Word 10"> <meta name=3DOriginator content=3D"Microsoft Word 10"> <link rel=3DFile-List href=3D"cid:filelist.xml@01C2AC34.AE095800"> <o:SmartTagType = namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags" name=3D"time"/> <o:SmartTagType = namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags" name=3D"date"/>  <style>  </style>  </head> <body bgcolor=3Dwhite lang=3DEN-US link=3Dblue vlink=3Dblue = style=3D'tab-interval:.5in'> <div class=3DSection1> <p><font size=3D2 face=3DArial><span = style=3D'font-size:10.0pt;font-family:Arial'>Please accept with no obligation, implied or explicit our best wishes for an environmentally conscious, socially responsible, low stress, = non-addictive, gender neutral, celebration of the winter solstice holiday, practiced = within the most enjoyable traditions of the religious persuasion of your = choice, or secular practices of your choice, with respect for the religious/secular = persuasions and/or traditions of others, or their choice not to practice religious = or secular traditions at all...and a fiscally successful, personally = fulfilling, and medically uncomplicated recognition of the onset of the generally = accepted calendar year 1999, but not without due respect for the calendars of = choice of other cultures whose contributions to society have helped make America = great, (not to imply that the United States of America is necessarily greater = than any other country or is the only “AMERICA” in the western = hemisphere), and without regard to the race, creed, color, age, physical ability, religious = faith, or sexual preference of the wishee.</span></font><o:p></o:p></p> <p><font size=3D2 face=3DArial><span = style=3D'font-size:10.0pt;font-family:Arial'>By accepting this greeting, you are accepting these terms. This = greeting is subject to clarification or withdrawal. It is freely transferable = with no alteration to the original greeting. It implies no promise by the = wisher to actually implement any of the wishes for <span = class=3DGramE>her/himself</span> or others, and is void where prohibited by law, and is revocable at the = sole discretion of the wisher.</span></font><o:p></o:p></p> <p><font size=3D2 face=3DArial><span = style=3D'font-size:10.0pt;font-family:Arial'>This wish is warranted to perform as expected within the usual application of = good tidings for a period of one year, or until the issuance of a subsequent = holiday greeting, whichever comes first, and warranty is limited to replacement = of this wish or issuance of a new wish at the sole discretion of the = wisher.)</span></font><o:p></o:p></p> <p><font size=3D2 face=3DArial><span = style=3D'font-size:10.0pt;font-family:Arial'>Merry </span></font><o:p></o:p></p> <p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span = style=3D'font-size: 10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p> <p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span = style=3D'font-size: 10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p> <p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 = face=3DTahoma><span style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original = Message-----<br> <b><span style=3D'font-weight:bold'>From:</span></b> = owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] <b><span = style=3D'font-weight:bold'>On Behalf Of </span></b>Steve<br> <b><span style=3D'font-weight:bold'>Sent:</span></b> = </span></font><st1:date Month=3D"12" Day=3D"25" Year=3D"2002"><font size=3D2 face=3DTahoma><span style=3D'font-size:10.0pt;font-family:Tahoma'>Wednesday, December 25, = 2002</span></font></st1:date><font size=3D2 face=3DTahoma><span = style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time Hour=3D"15" Minute=3D"2"><font size=3D2 face=3DTahoma><span = style=3D'font-size:10.0pt; font-family:Tahoma'>3:02 PM</span></font></st1:time><font size=3D2 = face=3DTahoma><span style=3D'font-size:10.0pt;font-family:Tahoma'><br> <b><span style=3D'font-weight:bold'>To:</span></b> = canslim@lists.xmission.com<br> <b><span style=3D'font-weight:bold'>Subject:</span></b> [CANSLIM] Merry = Xmas</span></font></p> <p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 = face=3D"Times New Roman"><span style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p> <div> <p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 = face=3D"Times New Roman"><span style=3D'font-size:10.0pt'>To all:</span></font><o:p></o:p></p> </div> <div> <p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 = face=3D"Times New Roman"><span style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p> </div> <div> <p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 = face=3D"Times New Roman"><span style=3D'font-size:10.0pt'><a = href=3D"http://web.icq.com/shockwave/0,,4845,00.swf">http://web.icq.com/s= hockwave/0,,4845,00.swf</a></span></font><o:p></o:p></p> </div> <div> <p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 = face=3D"Times New Roman"><span style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p> </div> <div> <p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 = face=3D"Times New Roman"><span style=3D'font-size:10.0pt'>Steve Grier<br> a lurker</span></font><o:p></o:p></p> </div> <div> <p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 = face=3D"Times New Roman"><span style=3D'font-size:10.0pt'><a = href=3D"mailto:scgjd@pacbell.net">scgjd@pacbell.net</a></span></font><o:p= ></o:p></p> </div> </div> </body> </html> - ------=_NextPart_000_0015_01C2AC34.AFA15D20-- - - - -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 #3101 ****************************** 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.