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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #3461
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 Tuesday, August 5 2003 Volume 02 : Number 3461
In this issue:
Re: [CANSLIM] Watchlist Generation
RE: [CANSLIM] New Investors needs help... a short story
Re: [CANSLIM] New Investors needs help... a short story
RE: [CANSLIM] New Investors needs help... a short story
[CANSLIM] DKS
RE: [CANSLIM] DKS
Re: [CANSLIM] DKS
RE: [CANSLIM] breakouts to come
----------------------------------------------------------------------
Date: Mon, 4 Aug 2003 15:53:01 -0400 (EDT)
From: Yien T Lung <ylung@engin.umich.edu>
Subject: Re: [CANSLIM] Watchlist Generation
hi DMC and Gene,
thanks for the reply. I just ordered the free trial for TC2k, as DMC
suggested. I will look into the msn screener when I am done at work Gene.
Thanks again guys.
Yien
On Mon, 4 Aug 2003, Gene Ricci wrote:
> Yien, here's a free 'screener' at
> http://moneycentral.msn.com/investor/finder/customstocks.asp
>
> I use the following criteria.... this will yield 79 stocks. Tightening
> and/or adding criteria will shrink the universe even more...
>
>
>
>
>
>
> There is also a neat free stock screener at
> http://www.wallstreetcity.com/
>
> Gene
- -
- -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: Mon, 4 Aug 2003 15:37:13 -0500
From: "Krueger, Kevin" <Kevin.Krueger@cardinal.com>
Subject: RE: [CANSLIM] New Investors needs help... a short story
This is a multi-part message in MIME format.
- ------_=_NextPart_001_01C35AC8.2FE2C97F
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Yien,
=20
I am not wise in the ways of CANSLIM and TA yet, but I'll reiterate the =
stop loss message loudly. I have had several losers get away from me =
recently without stop losses and they sucked the life out of my winners. =
A hard lesson to learn for me.=20
=20
Good luck,
Kevin
- -----Original Message-----
From: joe [mailto:lakbossa@hotmail.com]
Sent: Monday, August 04, 2003 1:35 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] New Investors needs help... a short story
first rule...always use a stop loss! i dont care what people say, the =
main goal is to protect your money.
- ----- Original Message -----=20
From: Yien T <mailto:ylung@engin.umich.edu> Lung=20
To: canslim@lists.xmission.com=20
Sent: Monday, August 04, 2003 12:47 PM
Subject: [CANSLIM] New Investors needs help... a short story
Hi all,
I am quite new to this forum and I was hoping that some of you, more
experienced canslim users, would kindly offer me some starting tips or
share your procedure in the search for new potential buys.
Let me continue by sharing my initial experience with you guys. I =
started
investing 2 years ago after my friend recommended me to read books about
Value Investing, more specifially, books about Warren Buffett. I read =
and
summarized almost every single book I could get my hands on about Warren
Buffett...and was almost too eager to start my road to be a millionaire.
So what is value investing? Basically, I intepret it as investing in
securities that are currently being traded at a value below its true
"intrinsic value". The idea is that the market has been too harsh and
pessimist about the prospects of a particular stock,..and you as a
investor believes that this company has the potential to get back on =
track
and that the current problems it is facing is only temporary.
Sounds easy, but I found the hard way that it is not.
In my impulsive and eagerness to make money? I plunged my hard earned =
cash
into securities like Qwest (Q), Tyco (TYC),...among others. I bought Q
when it was trading around 8.50. I thought to myself...this is a company
that has a book value of at least 20 dollars. If only half of that book
value is written off, I will still be safe. So I bought the stock, and =
saw
it plunge in value to less than 1 dollar. Again, I thought it was ok
because I am a "value investor"...and I need to hold my buys for the =
"long
run"... A new management comes in and the stocks starts doing better...
However, the new management finds out that there are a lot of improver
entries and must restate earnings. That restatement totally wipes out =
the
book value of the company!!! This taught me never to believe on BS =
alone.
Now, even after two full years, the stock has not yet recouped to my
entry level.
My other experience was TYC. I bought it when it was 26. I read a lot of
news from respected value managers that Tyco is a very sound company =
with
a lot of small businesses that generate lots of free cash flow. Good =
hein?
Well, I thought so too. I bought it and it went up all the way to 35. I
thought, I should "stay for the long run" and let it run its way up.. =
But
the next thing, the stock began to go south. That was the time when =
there
was a lot of talk about the ex CEO being a crook and stuff like that. I
held the stock for quite some time...and I will be very hopeful if the
stock trades at around the price I got in....
So here I am today. After losing a lot of hard earned cash, I decided to
give Mr. O'Neill's methodology a try. If you read some of this value
investing, a lot of these people dont believe that technical analysis
works..and my friend (a Buffett believer) doesnt think too highly of Mr
O'Neills methodology. But I am willing to give it a try. Please help me
get started.
Thanks
Yien
- -
- -To subscribe/unsubscribe, email " majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- ------_=_NextPart_001_01C35AC8.2FE2C97F
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charset="iso-8859-1"
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2726.2500" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D276162420-04082003><FONT face=3DArial color=3D#0000ff =
size=3D2>Yien,</FONT></SPAN></DIV>
<DIV><SPAN class=3D276162420-04082003><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D276162420-04082003><FONT face=3DArial color=3D#0000ff =
size=3D2>I am=20
not wise in the ways of CANSLIM and TA yet, but I'll reiterate the stop =
loss=20
message loudly. I have had several losers get away from me recently =
without stop=20
losses and they sucked the life out of my winners. A hard lesson to =
learn=20
for me. </FONT></SPAN></DIV>
<DIV><SPAN class=3D276162420-04082003><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D276162420-04082003><FONT face=3DArial color=3D#0000ff =
size=3D2>Good=20
luck,</FONT></SPAN></DIV>
<DIV><SPAN class=3D276162420-04082003><FONT face=3DArial color=3D#0000ff =
size=3D2>Kevin</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> joe=20
[mailto:lakbossa@hotmail.com]<BR><B>Sent:</B> Monday, August 04, 2003 =
1:35=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
New Investors needs help... a short story<BR><BR></FONT></DIV>
<DIV><FONT face=3DGeorgia color=3D#000080>first rule...always use a =
stop loss! i=20
dont care what people say, the main goal is to protect your=20
money.</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000080 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=3Dylung@engin.umich.edu =
href=3D"mailto:ylung@engin.umich.edu">Yien T=20
Lung</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> Monday, August 04, 2003 =
12:47=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] New =
Investors needs=20
help... a short story</DIV>
<DIV><BR></DIV><BR>Hi all,<BR><BR>I am quite new to this forum and I =
was=20
hoping that some of you, more<BR>experienced canslim users, would =
kindly=20
offer me some starting tips or<BR>share your procedure in the search =
for new=20
potential buys.<BR><BR>Let me continue by sharing my initial =
experience with=20
you guys. I started<BR>investing 2 years ago after my friend =
recommended me=20
to read books about<BR>Value Investing, more specifially, books =
about Warren=20
Buffett. I read and<BR>summarized almost every single book I could =
get my=20
hands on about Warren<BR>Buffett...and was almost too eager to start =
my road=20
to be a millionaire.<BR><BR>So what is value investing? Basically, I =
intepret it as investing in<BR>securities that are currently being =
traded at=20
a value below its true<BR>"intrinsic value". The idea is that the =
market has=20
been too harsh and<BR>pessimist about the prospects of a particular=20
stock,..and you as a<BR>investor believes that this company has the=20
potential to get back on track<BR>and that the current problems it =
is facing=20
is only temporary.<BR><BR>Sounds easy, but I found the hard way that =
it is=20
not.<BR><BR>In my impulsive and eagerness to make money? I plunged =
my hard=20
earned cash<BR>into securities like Qwest (Q), Tyco (TYC),...among =
others. I=20
bought Q<BR>when it was trading around 8.50. I thought to =
myself...this is a=20
company<BR>that has a book value of at least 20 dollars. If only =
half of=20
that book<BR>value is written off, I will still be safe. So I bought =
the=20
stock, and saw<BR>it plunge in value to less than 1 dollar. Again, I =
thought=20
it was ok<BR>because I am a "value investor"...and I need to hold my =
buys=20
for the "long<BR>run"... A new management comes in and the stocks =
starts=20
doing better...<BR>However, the new management finds out that there =
are a=20
lot of improver<BR>entries and must restate earnings. That =
restatement=20
totally wipes out the<BR>book value of the company!!! This taught me =
never=20
to believe on BS alone.<BR>Now, even after two full years, the stock =
has not=20
yet recouped to my<BR>entry level.<BR><BR>My other experience was =
TYC. I=20
bought it when it was 26. I read a lot of<BR>news from respected =
value=20
managers that Tyco is a very sound company with<BR>a lot of small =
businesses=20
that generate lots of free cash flow. Good hein?<BR>Well, I thought =
so too.=20
I bought it and it went up all the way to 35. I<BR>thought, I should =
"stay=20
for the long run" and let it run its way up.. But<BR>the next thing, =
the=20
stock began to go south. That was the time when there<BR>was a lot =
of talk=20
about the ex CEO being a crook and stuff like that. I<BR>held the =
stock for=20
quite some time...and I will be very hopeful if the<BR>stock trades =
at=20
around the price I got in....<BR><BR>So here I am today. After =
losing a lot=20
of hard earned cash, I decided to<BR>give Mr. O'Neill's methodology =
a try.=20
If you read some of this value<BR>investing, a lot of these people =
dont=20
believe that technical analysis<BR>works..and my friend (a Buffett =
believer)=20
doesnt think too highly of Mr<BR>O'Neills methodology. But I am =
willing to=20
give it a try. Please help me<BR>get=20
=
started.<BR><BR>Thanks<BR><BR>Yien<BR><BR><BR><BR><BR><BR><BR><BR><BR>-<B=
R>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------_=_NextPart_001_01C35AC8.2FE2C97F--
- -
- -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: Mon, 4 Aug 2003 14:18:30 -0700 (PDT)
From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] New Investors needs help... a short story
Well, of course stop loss orders are important, but
you still need to decide on something to buy before
you can put your stop loss in place. So, I'd say
first rule is to buy correctly, i.e. not over extended
stocks and the 2nd rule is your stop loss. If you are
not buying correctly, stop loss orders are not going
to save you. They will just get hit time after time
after time.
I also respectfully disagree that the main goal is to
protect your money. Of course it is important to
protect your money, but the main goal for me is to
make money. If your main goal is just to protect your
money, then a CD would do just fine.
Just my 2 cents.
- - Fanus
- --- joe <lakbossa@hotmail.com> wrote:
> first rule...always use a stop loss! i dont care
> what people say, the main goal is to protect your
> money.
> ----- Original Message -----
> From: Yien T Lung
> To: canslim@lists.xmission.com
> Sent: Monday, August 04, 2003 12:47 PM
> Subject: [CANSLIM] New Investors needs help... a
> short story
>
>
>
> Hi all,
>
> I am quite new to this forum and I was hoping that
> some of you, more
> experienced canslim users, would kindly offer me
> some starting tips or
> share your procedure in the search for new
> potential buys.
>
> Let me continue by sharing my initial experience
> with you guys. I started
> investing 2 years ago after my friend recommended
> me to read books about
> Value Investing, more specifially, books about
> Warren Buffett. I read and
> summarized almost every single book I could get my
> hands on about Warren
> Buffett...and was almost too eager to start my
> road to be a millionaire.
>
> So what is value investing? Basically, I intepret
> it as investing in
> securities that are currently being traded at a
> value below its true
> "intrinsic value". The idea is that the market has
> been too harsh and
> pessimist about the prospects of a particular
> stock,..and you as a
> investor believes that this company has the
> potential to get back on track
> and that the current problems it is facing is only
> temporary.
>
> Sounds easy, but I found the hard way that it is
> not.
>
> In my impulsive and eagerness to make money? I
> plunged my hard earned cash
> into securities like Qwest (Q), Tyco
> (TYC),...among others. I bought Q
> when it was trading around 8.50. I thought to
> myself...this is a company
> that has a book value of at least 20 dollars. If
> only half of that book
> value is written off, I will still be safe. So I
> bought the stock, and saw
> it plunge in value to less than 1 dollar. Again, I
> thought it was ok
> because I am a "value investor"...and I need to
> hold my buys for the "long
> run"... A new management comes in and the stocks
> starts doing better...
> However, the new management finds out that there
> are a lot of improver
> entries and must restate earnings. That
> restatement totally wipes out the
> book value of the company!!! This taught me never
> to believe on BS alone.
> Now, even after two full years, the stock has not
> yet recouped to my
> entry level.
>
> My other experience was TYC. I bought it when it
> was 26. I read a lot of
> news from respected value managers that Tyco is a
> very sound company with
> a lot of small businesses that generate lots of
> free cash flow. Good hein?
> Well, I thought so too. I bought it and it went up
> all the way to 35. I
> thought, I should "stay for the long run" and let
> it run its way up.. But
> the next thing, the stock began to go south. That
> was the time when there
> was a lot of talk about the ex CEO being a crook
> and stuff like that. I
> held the stock for quite some time...and I will be
> very hopeful if the
> stock trades at around the price I got in....
>
> So here I am today. After losing a lot of hard
> earned cash, I decided to
> give Mr. O'Neill's methodology a try. If you read
> some of this value
> investing, a lot of these people dont believe that
> technical analysis
> works..and my friend (a Buffett believer) doesnt
> think too highly of Mr
> O'Neills methodology. But I am willing to give it
> a try. Please help me
> get started.
>
> Thanks
>
> Yien
>
>
>
>
>
>
>
>
> -
> -To subscribe/unsubscribe, email
> "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your
> email.
>
__________________________________
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------------------------------
Date: Tue, 5 Aug 2003 08:46:05 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] New Investors needs help... a short story
Hi Bob,
Welcome to the group.
When it comes to the market, there are many ways to go about making money
and each has their own merits and pitfalls. With CANSLIM, each trader will
develop their own unique set of trading rules and each will use a unique
approach to finding and selecting candidates that best fits their personal
style. These things generally develop over a long period of time as the
trader develops an experiential history.
However, despite the unique approach, the underlying priniciples remain the
same for all CANSLIMers. While the underlying assumptions/principles are
fairly straightforward, collectively, they are unique to the CANSLIM
methodology (as opposed to value investing, short term swing trading, etc):
1. Companies that possess specific growth characteristics are the primary
candidates. Fundamentally, the company must be sound.
2. At any point in time, one can read the market's perception of the
attractiveness of a particular candidate via the technical price/volume
action in the stock. This always takes precedence over fundamentals, as
fundamental reporting lags.
3. Strong stocks generally get stronger. This strength is used to "draw your
eye" to the right stocks at the right time.
4. Weak stocks generally get weaker. This weakness is used to either
eliminate potential candidates for purchase or for selling a current
holding.
5. Trading time frame is the intermediate term--a few weeks to a few months
under most market conditions. Timing long positions is designed for entering
at a point where risk is as low as possible and at a point where one can
take the biggest ride possible given action in the intermediate term. Exit
(sell) rules are designed to both preserve capital when a stock moves
against you and to harvest profits when the stock is moving favorably in the
intermediate term.
6. Risk is further lowered by restricting entry into long positions to times
where market conditions are most favorable.
I'd say CANSLIM has a particular mindset that is also unique to the time
frame within which one is trading. That is, a stock is a piece of paper, not
the company. Buy it when it's hot, sell it when it's not, then move on to
the next opportunity. This is a world of difference in mindset to Mr.
Buffet, who "buys the company" rather than the paper. CANSLIM is also not
designed to be a frenetic trading methodology where one is flipping stocks
in a matter of a day or two. I think this is probably the biggest mistake
that CANSLIMers make. That is, the intermediate term requires a delicate
balance between exercising patience and keenly recognizing when it's time to
move on.
As with all methodologies, mastery is the key to making consistent profits.
While one can expect to gain a general grasp of the principles fairly
quickly, mastery will take some time. In the interim, Mr. Market will demand
his tuition. That is, a newcomer will make all kinds of mistakes along the
way, none of which should take 50% of his capital, however. As to choosing
a program or service to support your trading, you're not going to find any
consensus on which is "best" because each trader will have a particular
preference as to how they go about mining for their candidates. The range of
services is extremely broad, but you'll just want to be sure that the tools
you select will allow you to optimize your trading for CANSLIM itself. That
means that you need tools that will give you *both* fundamental and
technical data. Whether that's a combination of several tools and services
will be up to your personal style, the time you have avaiable, and the money
you're willing to spend in exchange for less time spent.
You might take a look through our list FAQ, as we've accumulated quite a few
links to resources given the contributions of our members over the years:
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
RSCARDAMALIA@EMPIRE.STATE.NY.US
Sent: Monday, August 04, 2003 1:35 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] New Investors needs help... a short story
I'm another newbie to this list and investing in general so you old-timers
will probably get tired of us quickly!
My previous experience has been with mutual funds and the "buy and hold"
philosophy that lost me 50% over 2001 and 2002. I've recently taken more
interest in the market as a friend was turned onto a technical analysis
program called Vector VST. I started doing some exploring on the net and
found many other technical systems which lead me to this group.
I'm assuming the software programs are twists on the same techniques but am
interested in any reviews/recommendations you experts have. My short
research also tells me you can't simply rely on the buy, sell, hold
recommendation of a computer but rather still need to do your own analysis
and "develop your own method". No get rich quick scheme here but the
learning curve seems impossibly high. Have ordered the O'Neil book to start
some reading. Can one expect to grasp enough in a few weeks to begin
investing with a level of confidence?
Bob Scardamalia
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- -In the email body, write "subscribe canslim" or
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------------------------------
Date: Tue, 5 Aug 2003 10:04:57 -0400
From: "Dave Wood" <davewood@together.net>
Subject: [CANSLIM] DKS
This is a multi-part message in MIME format.
- ------=_NextPart_000_0056_01C35B39.0665BC60
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
I have a base count question.=20
Monday, IBD said DKS has "trended sideways for the past three =
weeks." (a b3 ?). =20
=20
I always start a base count as the first down week after the last =
new high up week. In DKS case, I count the current base as starting the =
week of July 29 - as of Friday, its only a b1. Am I looking at the chart =
incorrectly?=20
Thanks in advance,
Dave
- ------=_NextPart_000_0056_01C35B39.0665BC60
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charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
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<META http-equiv=3DContent-Type content=3D"text/html; =
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</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> I have a base count =
question.=20
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Monday, IBD said DKS =
has=20
"trended sideways for the past three weeks." (a b3 =
?). </FONT></DIV>
<DIV><FONT face=3DArial size=3D2> </FONT></DIV>
<DIV><FONT face=3DArial size=3D2> I always start a =
base count as=20
the first down week after the last new high up week. In DKS case, =
I count=20
the current base as starting the week of July 29 - as of =
Friday, its=20
only a b1. Am I looking at the chart =
incorrectly? </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Thanks in =
advance,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> =
Dave</FONT></DIV></BODY></HTML>
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Date: Tue, 5 Aug 2003 10:00:55 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] DKS
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Hi Dave,
When counting bases the next base starts only after the stock has risen >=25%
from the previous base. See a generalized example at:
http://www.breakoutwatch.com/katherine/HealthyRisingStockSm.JPG
http://www.breakoutwatch.com/katherine/TypesOfBasesSm.JPG
In the case of DKS, a recent IPO, the first area of consolidation is considered
Base #0. After rising >=25%, the next area of consolidation will be considered
Base #1. That's what may be happening right now, as DKS has been moving sideways
for 3 weeks. As bases need to be at least 5-7 weeks minimum, you can't yet tell
if DKS is pausing in its uptrend, or forming a solid base. See the annotated
chart at:
http://www.breakoutwatch.com/katherine/DKS080503.JPG
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Wood
Sent: Tuesday, August 05, 2003 9:05 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] DKS
I have a base count question.
Monday, IBD said DKS has "trended sideways for the past three weeks." (a
b3 ?).
I always start a base count as the first down week after the last new high
up week. In DKS case, I count the current base as starting the week of July 29 -
as of Friday, its only a b1. Am I looking at the chart incorrectly?
Thanks in advance,
Dave
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</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D531295414-05082003>Hi Dave,</SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003>When counting bases the next base =
starts=20
only after the stock has risen >=3D25% from the previous base. See a=20
generalized example at:</SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003><A=20
href=3D"http://www.breakoutwatch.com/katherine/HealthyRisingStockSm.JPG">=
http://www.breakoutwatch.com/katherine/HealthyRisingStockSm.JPG</A></SPAN=
></DIV>
<DIV><SPAN class=3D531295414-05082003><A=20
href=3D"http://www.breakoutwatch.com/katherine/TypesOfBasesSm.JPG">http:/=
/www.breakoutwatch.com/katherine/TypesOfBasesSm.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003>In the case of DKS, a recent IPO, =
the first=20
area of consolidation is considered Base #0. After rising >=3D25%, =
the next=20
area of consolidation will be considered Base #1. That's what may be =
happening=20
right now, as DKS has been moving sideways for 3 weeks. As bases need to =
be at=20
least 5-7 weeks minimum, you can't yet tell if DKS is pausing in its =
uptrend, or=20
forming a solid base. See the annotated chart at:</SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003><A=20
href=3D"http://www.breakoutwatch.com/katherine/DKS080503.JPG">http://www.=
breakoutwatch.com/katherine/DKS080503.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003>Katherine</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>Dave=20
Wood<BR><B>Sent:</B> Tuesday, August 05, 2003 9:05 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM]=20
DKS<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> I have a base =
count question.=20
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Monday, IBD said =
DKS has=20
"trended sideways for the past three weeks." (a b3=20
?). </FONT></DIV>
<DIV><FONT face=3DArial size=3D2> </FONT></DIV>
<DIV><FONT face=3DArial size=3D2> I always start a =
base count as=20
the first down week after the last new high up week. In DKS case, =
I count=20
the current base as starting the week of July 29 - as of =
Friday, its=20
only a b1. Am I looking at the chart =
incorrectly? </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Thanks in=20
advance,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> =20
Dave</FONT></DIV></BLOCKQUOTE></BODY></HTML>
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------------------------------
Date: Tue, 5 Aug 2003 11:39:02 -0400
From: "Dave Wood" <davewood@together.net>
Subject: Re: [CANSLIM] DKS
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Katherine,
Thank You. Your chart cleared up my confusion. I think i've watched the =
stock so closely, I saw the trees and not the forest.
Dave
=20
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</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thank You. Your chart cleared up my =
confusion. I=20
think i've watched the stock so closely, I saw the trees and not the=20
forest.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Dave</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt =
arial"> </DIV></BLOCKQUOTE></BODY></HTML>
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------------------------------
Date: Tue, 5 Aug 2003 14:54:14 -0500
From: "Fred Richards" <ffradrich@attbi.com>
Subject: RE: [CANSLIM] breakouts to come
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- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Ann Hollingworth
Sent: Monday, June 02, 2003 6:29 AM
To: CANSLIM Listserv
Subject: [CANSLIM] breakouts to come
It seems to me, as I hunt through WR and IBD100, that there are a lot of
overextended stocks, and not to many on the right side of their cup or
ready to break out.
It would seem to me that there could be two reasons for this:
1. The rally is going to wane.
2. The WR and IBD100 do not produce stocks at this state of their
development.
Any comments??
Ann
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<DIV><SPAN class=3D000025419-05082003><FONT face=3DArial color=3D#0000ff =
size=3D2>Test=20
e-mail reply</FONT></SPAN></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>Ann Hollingworth<BR><B>Sent:</B> Monday, June 02, =
2003=20
6:29 AM<BR><B>To:</B> CANSLIM Listserv<BR><B>Subject:</B> [CANSLIM] =
breakouts=20
to come<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>It seems to me, as I hunt through WR =
and IBD100,=20
that there are a lot of overextended stocks, and not to many on the =
right side=20
of their cup or ready to break out.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>It would seem to me that there could =
be two=20
reasons for this:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>1. The rally is going to =
wane.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>2. The WR and IBD100 do not produce =
stocks at=20
this state of their development.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Any comments??</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Ann</FONT></DIV>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
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