ftp.xmission.com/2014.06.ftp.xmission.com.tar/ftp.xmission.com/pub/lists/canslim/archive/v02.n481

Internet Message Format | 1998-12-22 | 46KB

From: [e-mail] (canslim-digest)
To: [e-mail]
Subject: canslim-digest V2 #481
Reply-To: canslim
Sender: [e-mail]
Errors-To: [e-mail]
Precedence: bulk
Content-Transfer-Encoding: quoted-printable
X-No-Archive: yes

canslim-digest      Wednesday, December 23 1998      Volume 02 : Number 481



In this issue:

       Re: [CANSLIM] DGO ... slow
       Re: [CANSLIM] Charting Software for CANSLIM
       [CANSLIM] alternative to canslim
       Re: [CANSLIM] alternative to canslim
       [CANSLIM] VTSS Article
       Re: [CANSLIM] DGO Weekly Highs
       [CANSLIM] Charting software for CANSLIM
       Re: [CANSLIM] DGO Weekly Highs
       Re: [CANSLIM] THQI
       Re: [CANSLIM] DGO Weekly Highs
       Re: [CANSLIM] DGO Weekly Highs - Thanks Tom.
       Re: [CANSLIM] DGO ... slow
       Re: [CANSLIM] Charting software for CANSLIM
       Re: [CANSLIM] Charting software for CANSLIM
       Re: [CANSLIM] Charting Software for CANSLIM
       Re: [CANSLIM] Charting Software for CANSLIM
       [CANSLIM] WOW
       Re: [CANSLIM] TC2000
       [CANSLIM] Technical stuff [Connie Mack]
       Re: [CANSLIM] TC2000
       [CANSLIM]CDWC  It takes courage to be a a pig

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

Date: Tue, 22 Dec 1998 12:03:28 EST
From: [e-mail]
Subject: Re: [CANSLIM] DGO ... slow

I found the service very slow when I use at&t worldnet service (usual
connection 26000 baud's), but much faster on AOL (usual connection 37333
baud's). So I think AOL will continue to climb into new highs....

Surindra


In a message dated 12/22/98 10:19:25 AM Eastern Standard Time,
[e-mail] writes:

> Joe wrote [about DGO]:
>  >I also find it to be very slow at times bringing up the chart,,
>
>  Thank you for mentioning that, Joe. I also find it VERY slow at times, but
>  I thought it had to do with my 'long distance' internet connection (all the
>  way from Belgium to the US).
>
>  Maybe they have so many subscribers that they will need to upgrade their
>  servers and line capacity?
>
>  Have you mailed them about the lack of speed?
>
>
>
>  -- Johan Van Houtven
>

- -

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

Date: Tue, 22 Dec 1998 13:22:13 -0500
From: "Tony Austin" <[e-mail]>
Subject: Re: [CANSLIM] Charting Software for CANSLIM

Bill,

TC2000, for windows, is a great screening tool.  While you cant short list
on each of the specific canslim criteria.  You can get very close with
combinations of other factors, such as range and beta.

Email me directly if you have any specific questions about the screens I
have set up.

Happy Holidays.

Tony

______________________________
Tony Austin  email me at [e-mail]
send me a note via icq at 14719809
You can get icq at  http://icq.com/


- -----Original Message-----
From: Bill Triffet <[e-mail]>
To: [e-mail] <[e-mail]>
Date: Tuesday, December 22, 1998 12:25 AM
Subject: [CANSLIM] Charting Software for CANSLIM


>I hope this question hasn't been beat to the ground but...
>
>I'm looking at TC2000 or Windows on Wallstreet for camslim searching. Up
>till now I've been going through my IBD (which is slow and untimely) then
>following up on some of the fine searchs folks have posted here.
>
>What are the strengths and weaknesses of  each package as a screening tool?
>Both, it appears make their money on the required data service. What is the
>level of data required to get good scans ie, both have several levels of
>data pricing. Is Daily Graphs a better way to go? I realize this is purely
>subjective but would really like to hear your comments/advise on this as
I'm
>trying to reduce my screening time.
>
>Thanks in advance.
>
>Bill
>
>
>-
>


- -

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

Date: Tue, 22 Dec 1998 11:28:35 -0700
From: "Joe J." <[e-mail]>
Subject: [CANSLIM] alternative to canslim

I have been a member of this list for quite some time now (my guess is
about 1 1/2 years).  I used to follow CS but I don't any more.  I stayed
on the Digest version of the list because I still enjoy some of the
posts (mostly on non-CS stuff like the software, good web sites, etc.).
I noticed that some of you are using Elder's triple screen to scan
stocks and that Connie will still post on his methods once in a while.
I have read Elder's book and also tested Connie's method.

I just wanted to throw out one that you may not have heard of.  Bill
Williams' Chaos Theory.  He has two books out.  The first is "Trading
Chaos" and the second is "New Trading Dimensions".  If you only get one,
get the second one.

In some respects, his methods are like CS where you are buying off a
base.  However, you can toss what I consider vague concepts like the cup
and handle out the window and use the leveling of 3 moving averages
combined with two MACD's to identify your base.  Then, you wait for a
fractal high or low on which to set your buy or sell stops.
Fundamentals are completely ignored in his method.  You also know
exactly where to set stops, add to positions, and take profits.  The
system works for shorts or longs.  The rules are much clearer than CS,
in my opinion.

I've used this system to enter a number of the internet companies in
what I consider a "safe" manner.  I say that because I sense that some
of you have been a bit frustrated in missing this group because of lack
of earnings making it non-CS.  I personally like the system because I'm
sure of where I'm going with it.  It is much less subjective than CS, in
my opinion.  I run a nightly scan on MetaStock and get my data from
QuotePlus2.

One thing I have learned in my 10 years of investing/trading life is
that there are many methods that will make money and many that won't.
You have to find one that works for you.

Just thought I'd throw that out there in case anyone is looking for a
good book to read over the holidays.

Good Trading,

Joe J.


- -

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

Date: Tue, 22 Dec 1998 08:43:58 -0500
From: Scott Vickery <[e-mail]>
Subject: Re: [CANSLIM] alternative to canslim

Joe,
Sounds very interesting.  Could you sum up the strategy in a more specific
way For example. what 3 ma's are used, which 2 MACD's are used, and how are
these used together to determine a base?  What is a fractal high and a
fractal low, and how are they constructed?

Scott

Joe J. wrote:

> I have been a member of this list for quite some time now (my guess is
> about 1 1/2 years).  I used to follow CS but I don't any more.  I stayed
> on the Digest version of the list because I still enjoy some of the
> posts (mostly on non-CS stuff like the software, good web sites, etc.).
> I noticed that some of you are using Elder's triple screen to scan
> stocks and that Connie will still post on his methods once in a while.
> I have read Elder's book and also tested Connie's method.
>
> I just wanted to throw out one that you may not have heard of.  Bill
> Williams' Chaos Theory.  He has two books out.  The first is "Trading
> Chaos" and the second is "New Trading Dimensions".  If you only get one,
> get the second one.
>
> In some respects, his methods are like CS where you are buying off a
> base.  However, you can toss what I consider vague concepts like the cup
> and handle out the window and use the leveling of 3 moving averages
> combined with two MACD's to identify your base.  Then, you wait for a
> fractal high or low on which to set your buy or sell stops.
> Fundamentals are completely ignored in his method.  You also know
> exactly where to set stops, add to positions, and take profits.  The
> system works for shorts or longs.  The rules are much clearer than CS,
> in my opinion.
>
> I've used this system to enter a number of the internet companies in
> what I consider a "safe" manner.  I say that because I sense that some
> of you have been a bit frustrated in missing this group because of lack
> of earnings making it non-CS.  I personally like the system because I'm
> sure of where I'm going with it.  It is much less subjective than CS, in
> my opinion.  I run a nightly scan on MetaStock and get my data from
> QuotePlus2.
>
> One thing I have learned in my 10 years of investing/trading life is
> that there are many methods that will make money and many that won't.
> You have to find one that works for you.
>
> Just thought I'd throw that out there in case anyone is looking for a
> good book to read over the holidays.
>
> Good Trading,
>
> Joe J.
>
> -


- -

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

Date: Tue, 22 Dec 1998 13:20:25 -0800
From: Tim Fisher <[e-mail]>
Subject: [CANSLIM] VTSS Article

Argument that VTSS run is over for now. Here's the excerpt; URL below. I
don't buy it - since when did PE's ever mean anything? If they did then
AMZN would be $3 not $300.

P.S. Boy did INSS ever pop another cork today! That's three days in a row.
Almost like they were getting added to the NASDAQ 100. Oops, that's VTSS.
Silly me. Impressive given the 1-4% drops in my other techs and the profit
taking on the techs in general.

Vitesse is merely great
Has anything changed in Vitesse's fundamentals? Well, yes. After a year of
unbelievable growth,
Vitesse looks set for a year of merely great growth. The company's revenue,
which had climbed
by 67% from the year-earlier period in the June quarter, rose 75% in
September; earnings, after
jumping 50% in June, climbed 62% in September. This caps a growth explosion
at Vitesse -- the
company grew earnings per share by 57% in fiscal 1998 and 100% in fiscal 1997.

Next year, though, analysts are projecting only a 20% earnings increase, to
85 cents a share, in
part because they feel the big expansion in manufacturing capacity that
Vitesse got this year
when it opened its second factory is over. I think the projection is low,
and that the company will
continue to increase its profit margins and to wring additional capacity
out of its factories. So I'd
put earnings growth for calendar 1999 at 35% -- to 97 cents a share.

But for a stock trading at Vitesse's price-earnings ratio -- currently 62
- -- a drop from 60% growth
to 35% growth is very dangerous. When I set my $40 price target for the
company, I used a P/E
ratio of 53 -- slightly lower than the company's earnings growth rate. I
wouldn't give the stock a
higher P/E ratio next year on lower growth. Using a P/E ratio of 50, which
is still pretty generous, I
get a December 1999 price for Vitesse of $48.50 a share. That's only about
$6 above the stock's
current levels. So for me, Vitesse goes down as a sell. I'm dropping it
from Jubak's Picks with this
column with a gain of 152% since I recommended it in June 1997.

http://moneycentral.msn.com/articles/invest/jubak/2851.asp


Tim Fisher
Ore-Rock-On and Pacific Fishery Biologists WWW Sites

[e-mail]
WWW: http://OreRockOn.com
See naked fish and rocks!

- -

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

Date: Tue, 22 Dec 1998 13:42:01 PST
From: "S Menon" <[e-mail]>
Subject: Re: [CANSLIM] DGO Weekly Highs

Thanks Joe.


>From: "Joe Scott" <[e-mail]>
>To: <[e-mail]>
>Subject: Re: [CANSLIM] DGO Weekly Highs
>Date: Tue, 22 Dec 1998 09:21:36 -0500
>Reply-To: [e-mail]
>
>No search or (scanning?) capabilities at all,, it offers several
reports of
>highest RS , new highs, that type of thing, etc. but as for scans it
offers
>nothing,, you can't even create your own watch lists,, I find it very
>limiting, but I like the look and feel of the chart, and fundamental
>information it gives for the stocks is very good, .. ..
>I also find it to be very slow at times bringing up the chart,,
>
>I also have TC2000,, and I love it,, I have it on a no charge promo
from
>Schwab for 6 months...
>Just my opinion...
>
>joe
>
>
>
>-
>
>


______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com

- -

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

Date: Tue, 22 Dec 1998 19:31:47 -0500
From: "twells5" <[e-mail]>
Subject: [CANSLIM] Charting software for CANSLIM

Bill,

   I'm very new to canslim... and stock investing in general... but having
seen both WOW and TC2000, I would definately suggest that you check out the
QP2 plus software before buying either.  I think it is a better all around
package and the price is right.
The web address is www.qp2.com.

                                                                        Tim
W.





- -

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

Date: Tue, 22 Dec 1998 20:06:53 -0600
From: "John Adair, M.D." <[e-mail]>
Subject: Re: [CANSLIM] DGO Weekly Highs

I think DGO is good for someone with limited experience in picking
stocks.There are many sources to get similar information but not all inthe
same place. I love  it and it is a good buy if you get one monthly book and
the DGO for $500.00. I like the sorting of stocks into "A" rated for
timeliness, 100 fastest growing companies, top 100 rs, eps and 100 moving up
in rating and down.  I am sold on the DGO. I use it in conjunction with
excel and back to quotes plus2 for further analysis.
If you have got an extra 500 its worth it. I personally need all the help I
can get.
John Adair

Anindo Majumdar wrote:

>  How much does the DGO service cost and is it worth it ? Comments.
>
> Thanks
> Anindo
> >
> > DG books are the Daily Graphs books published by Wm O'Neil's IBD
> > (Investors Business Daily) newspaper.
> >
> > And, of course, DGO is Daily Graphs Online.
> >
> > The DG books only include several thousand stocks, while DGO has all
> > stocks but only has complete CANSLIM data on the ones in the books.
> > The rest have some CS data but lack things like ROE, Timeliness, and
> > up/down ratio.
> >
> > Tom W
> >
> > -----Original Message-----
> > From: james sullivan <[e-mail]>
> > To: [e-mail] <[e-mail]>
> > Date: Saturday, December 19, 1998 7:38 PM
> > Subject: Re: [CANSLIM] DGO Weekly Highs
> >
> >
> > >No surprise, nrs down this week. Of all the stocks in the DG books,
> > >only 223 made new highs, and of them 121 had both RS and EPS of 80 or
> > >better
> >
> > Tom, what are "DG books"??
> >
> > thanks
> >
> >
> > -
> >
> >
> >
> > -
> >
> >
>
> -


- -

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

Date: Tue, 22 Dec 1998 21:37:45 -0500
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] THQI

I recognize that the Q4 is their peak qtr, but as I said, even if they
double what they did past 2 qtrs, they still fall short of a year ago.
And I'm willing to bet many investors expect them to solidly beat year
ago earnings with all the hot new games. Just an opinion, not a stock
I've followed closely or researched, simply an opinion on the fundies.

Tom W

- -----Original Message-----
From: Tim Fisher <[e-mail]>
To: [e-mail] <[e-mail]>
Date: Tuesday, December 22, 1998 10:33 AM
Subject: Re: [CANSLIM] THQI


Tom, it's Xmas, the expectations are that they should have double the
earnings
this qtr because their games are very popular. My kids want most of
them ;) It
is basing, still way high on my watch list, I want in again for the
next run
up. Very positive commentary on it from The Street and MF lately.

At 07:15 AM 12/22/98 -0500, you wrote:
>Bill, I don't see it as overextended. All the CS elements look
decent.
>But from a fundis standpoint, I would be concerned that it must do 52
>cents in Q4 (double what it did in each of the last two qtrs) just to
>meet analyst's expectations. And at 52 cents, it still would fall
>short of year ago Q4.
>
>Tom W
>
>-----Original Message-----
>From: [e-mail] <[e-mail]>
>To: [e-mail] <[e-mail]>
>Date: Monday, December 21, 1998 2:09 PM
>Subject: [CANSLIM] THQI
>
>
>Canslim stock but is it overextended?  How is the chart?  It looked
>like it
>was forming a head and shoulders top?  Anyone?
>
>Bill White
>

Tim Fisher, 1995 President, Pacific Fishery Biologists
Ore-ROCK-On Rockhounding Web Site
PFB Information
mailto:[e-mail]
WWW http://OreRockOn.com

- -



- -

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

Date: Tue, 22 Dec 1998 22:24:43 -0500
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] DGO Weekly Highs

There's no direct search or scanning capability, tho some of the lists
are already a result of scans. I think all the lists however can be
downloaded in either a Lotus or Excel file, and you can then use those
software packages to sort and sift. Lacking either program, I just use
the old fashioned digital technology method, you know, print the
report then slide the first digit of the right hand down the printed
page??

They have indicated that they plan to add scanning capability in the
future, but no specifics on what will be possible. Scanning was a big
issue during the year long beta testing. So far they are slow to make
changes, and careful in what they do to ensure it will work. They are
also very good in responding to email, I usually get a response within
12 hours, and most of my emails are sent when the West Coast is still
4 or 5 hours from even waking up.

For me the greatest value is that I am getting authentic CANSLIM data
directly from Wm O'Neil's shop, something that I have grown accustomed
to over the past 7 years or so. And with DGO, unlike DG, I get at
least partial data on every publicly traded stock. I don't have to
wait for it to meet the criteria of volume or price or a few other
standards to make its way into the book.

Tom W

- -----Original Message-----
From: S Menon <[e-mail]>
To: [e-mail] <[e-mail]>
Date: Tuesday, December 22, 1998 8:45 AM
Subject: Re: [CANSLIM] DGO Weekly Highs


Tom,
Is there any search capability ? I could not see anything in the Demo.

Thanks
SMenon



>From: "Tom Worley" <[e-mail]>
>To: <[e-mail]>
>Subject: Re: [CANSLIM] DGO Weekly Highs
>Date: Mon, 21 Dec 1998 21:36:04 -0500
>Reply-To: [e-mail]
>
>It's obviously worth it to me as I am a subscriber.
>
>The annual cost is $720, higher if you subscribe for shorter periods
>(monthly for example is about $67). However the cheapest way to go is
>to subscribe to one of the  DB books on a monthly basis (cost
>$295/year) then take the discounted offer for book subscribers ($299)
>for a total cost annually of $530.
>
>Check out the full pricing if interested at
>http://www.dailygraphs.com/download.htm
>
>There are several cheaper options, including a free demo and a cheap
7
>day trial, so that you can see the features and charts in case you've
>never seen it before.  There is also a cheap ($43 for both NYSE and
>NASDAQ/AMEX books) for four weeks for the printed version.
>
>Tom W
>-----Original Message-----
>From: Anindo Majumdar <[e-mail]>
>To: [e-mail] <[e-mail]>
>Date: Monday, December 21, 1998 9:07 PM
>Subject: Re: [CANSLIM] DGO Weekly Highs
>
>
>How much does the DGO service cost and is it worth it ? Comments.
>
>Thanks
>Anindo
>>
>> DG books are the Daily Graphs books published by Wm O'Neil's IBD
>> (Investors Business Daily) newspaper.
>>
>> And, of course, DGO is Daily Graphs Online.
>>
>> The DG books only include several thousand stocks, while DGO has
all
>> stocks but only has complete CANSLIM data on the ones in the books.
>> The rest have some CS data but lack things like ROE, Timeliness,
and
>> up/down ratio.
>>
>> Tom W
>>
>> -----Original Message-----
>> From: james sullivan <[e-mail]>
>> To: [e-mail] <[e-mail]>
>> Date: Saturday, December 19, 1998 7:38 PM
>> Subject: Re: [CANSLIM] DGO Weekly Highs
>>
>>
>> >No surprise, nrs down this week. Of all the stocks in the DG
books,
>> >only 223 made new highs, and of them 121 had both RS and EPS of 80
>or
>> >better
>>
>> Tom, what are "DG books"??
>>
>> thanks
>>
>>
>> -
>>
>>
>>
>> -
>>
>>
>
>
>-
>
>
>
>
>
>-
>


______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com

- -



- -

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

Date: Tue, 22 Dec 1998 19:35:32 PST
From: "S Menon" <[e-mail]>
Subject: Re: [CANSLIM] DGO Weekly Highs - Thanks Tom.

Thanks Tom.


>From: "Tom Worley" <[e-mail]>
>To: <[e-mail]>
>Subject: Re: [CANSLIM] DGO Weekly Highs
>Date: Tue, 22 Dec 1998 22:24:43 -0500
>Reply-To: [e-mail]
>
>There's no direct search or scanning capability, tho some of the lists
>are already a result of scans. I think all the lists however can be
>downloaded in either a Lotus or Excel file, and you can then use those
>software packages to sort and sift. Lacking either program, I just use
>the old fashioned digital technology method, you know, print the
>report then slide the first digit of the right hand down the printed
>page??
>
>They have indicated that they plan to add scanning capability in the
>future, but no specifics on what will be possible. Scanning was a big
>issue during the year long beta testing. So far they are slow to make
>changes, and careful in what they do to ensure it will work. They are
>also very good in responding to email, I usually get a response within
>12 hours, and most of my emails are sent when the West Coast is still
>4 or 5 hours from even waking up.
>
>For me the greatest value is that I am getting authentic CANSLIM data
>directly from Wm O'Neil's shop, something that I have grown accustomed
>to over the past 7 years or so. And with DGO, unlike DG, I get at
>least partial data on every publicly traded stock. I don't have to
>wait for it to meet the criteria of volume or price or a few other
>standards to make its way into the book.
>
>Tom W
>
>-----Original Message-----
>From: S Menon <[e-mail]>
>To: [e-mail] <[e-mail]>
>Date: Tuesday, December 22, 1998 8:45 AM
>Subject: Re: [CANSLIM] DGO Weekly Highs
>
>
>Tom,
>Is there any search capability ? I could not see anything in the Demo.
>
>Thanks
>SMenon
>
>
>
>>From: "Tom Worley" <[e-mail]>
>>To: <[e-mail]>
>>Subject: Re: [CANSLIM] DGO Weekly Highs
>>Date: Mon, 21 Dec 1998 21:36:04 -0500
>>Reply-To: [e-mail]
>>
>>It's obviously worth it to me as I am a subscriber.
>>
>>The annual cost is $720, higher if you subscribe for shorter periods
>>(monthly for example is about $67). However the cheapest way to go is
>>to subscribe to one of the  DB books on a monthly basis (cost
>>$295/year) then take the discounted offer for book subscribers ($299)
>>for a total cost annually of $530.
>>
>>Check out the full pricing if interested at
>>http://www.dailygraphs.com/download.htm
>>
>>There are several cheaper options, including a free demo and a cheap
>7
>>day trial, so that you can see the features and charts in case you've
>>never seen it before.  There is also a cheap ($43 for both NYSE and
>>NASDAQ/AMEX books) for four weeks for the printed version.
>>
>>Tom W
>>-----Original Message-----
>>From: Anindo Majumdar <[e-mail]>
>>To: [e-mail] <[e-mail]>
>>Date: Monday, December 21, 1998 9:07 PM
>>Subject: Re: [CANSLIM] DGO Weekly Highs
>>
>>
>>How much does the DGO service cost and is it worth it ? Comments.
>>
>>Thanks
>>Anindo
>>>
>>> DG books are the Daily Graphs books published by Wm O'Neil's IBD
>>> (Investors Business Daily) newspaper.
>>>
>>> And, of course, DGO is Daily Graphs Online.
>>>
>>> The DG books only include several thousand stocks, while DGO has
>all
>>> stocks but only has complete CANSLIM data on the ones in the books.
>>> The rest have some CS data but lack things like ROE, Timeliness,
>and
>>> up/down ratio.
>>>
>>> Tom W
>>>
>>> -----Original Message-----
>>> From: james sullivan <[e-mail]>
>>> To: [e-mail] <[e-mail]>
>>> Date: Saturday, December 19, 1998 7:38 PM
>>> Subject: Re: [CANSLIM] DGO Weekly Highs
>>>
>>>
>>> >No surprise, nrs down this week. Of all the stocks in the DG
>books,
>>> >only 223 made new highs, and of them 121 had both RS and EPS of 80
>>or
>>> >better
>>>
>>> Tom, what are "DG books"??
>>>
>>> thanks
>>>
>>>
>>> -
>>>
>>>
>>>
>>> -
>>>
>>>
>>
>>
>>-
>>
>>
>>
>>
>>
>>-
>>
>
>
>______________________________________________________
>Get Your Private, Free Email at http://www.hotmail.com
>
>-
>
>
>
>-
>


______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com

- -

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

Date: Tue, 22 Dec 1998 10:42:18 -0500
From: "Joe Scott" <[e-mail]>
Subject: Re: [CANSLIM] DGO ... slow

Johan,,
No I haven't,, but at times it crawls...
 I was going to drop the service,, I tryed it for a quarter,, and forgot to
cancel... Now I'm in for one more quarter then won't renew it...
I just don't feel its worth the cost...
I'll use TC2000 from now on,,,

joe





- -

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

Date: Tue, 22 Dec 1998 21:02:36 -0800
From: "Bill Triffet" <[e-mail]>
Subject: Re: [CANSLIM] Charting software for CANSLIM

Tim,
I dl'd the earler demo version of this program a while back. I forgot all
about it. I just checked out again on  the web site. It looks like it
exports Metastock compatible data for use in other apps like Windows on
Wallstreet.
18.95 a month isn't out of line. I'll check into it.


Thanks
Bill


>   I'm very new to canslim... and stock investing in general... but having
>seen both WOW and TC2000, I would definately suggest that you check out the
>QP2 plus software before buying either.  I think it is a better all around
>package and the price is right.
>The web address is www.qp2.com.
>
>                                                                        Tim
>W.



- -

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

Date: Tue, 22 Dec 1998 21:02:36 -0800
From: "Bill Triffet" <[e-mail]>
Subject: Re: [CANSLIM] Charting software for CANSLIM

Tim,
I dl'd the earler demo version of this program a while back. I forgot all
about it. I just checked out again on  the web site. It looks like it
exports Metastock compatible data for use in other apps like Windows on
Wallstreet.
18.95 a month isn't out of line. I'll check into it.


Thanks
Bill


>   I'm very new to canslim... and stock investing in general... but having
>seen both WOW and TC2000, I would definately suggest that you check out the
>QP2 plus software before buying either.  I think it is a better all around
>package and the price is right.
>The web address is www.qp2.com.
>
>                                                                        Tim
>W.



- -

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

Date: Tue, 22 Dec 1998 21:09:35 -0800
From: "Bill Triffet" <[e-mail]>
Subject: Re: [CANSLIM] Charting Software for CANSLIM

Is the their data service (30 month) the only way to get EOD stock updates?

Thanks,

Bill



>
>TC2000, for windows, is a great screening tool.  While you cant short list
>on each of the specific canslim criteria.  You can get very close with
>combinations of other factors, such as range and beta.
>
>Email me directly if you have any specific questions about the screens I
>have set up.
>
>Happy Holidays.
>
>Tony
>



- -

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

Date: Tue, 22 Dec 1998 21:18:20 -0800
From: "Bill Triffet" <[e-mail]>
Subject: Re: [CANSLIM] Charting Software for CANSLIM

Scott,
Looks like I've narrowed it down to TC2000 or Qoutes Plus 2. It's the data
service that I'm trying to cut costs on. I wish my brokerage house
(Fidelity) offered this kind of service.
29.75 month is a bit steep for me. Then agian, if I can increase my returns
in successful picks, it should be worth it.

Thanks,

Bill


>I think that the Worden Brothers have done a fine job with TC2000.
>
>They do not have IBD specific indicators such as RS and EPS, but EPS at
least
>can be approximated.  While not canslim, the Worden's put notes about
stocks in
>every day that I find very useful.
>
>The other thing that the software does not provide for that I find
frustrating,
>is a programable way to do scans.  The scans that they allow however seem
to be
>very powerful.
>
>Also, they have some proprietary indicators of their own that I think are
>pretty useful: Moneystream, Time Segmented Volume, and Balance of Power.
>
>You can try it for 30 days for free to see what it is like.
>
>Scott



- -

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

Date: Wed, 23 Dec 1998 04:54:50 -0500
From: "Charles Cangialosi" <[e-mail]>
Subject: [CANSLIM] WOW

Bill,
    I bought WOW internet trader deluxe. It does charting really well. There is
a slight downside however. 1: The discs do not adjust for splits and I have
encountered some other errors as well. Mostly having to do with incorrect
volume. When I called cust. svc. they said they were aware of some of them
and when I purchase the quarterly discs at 99 annual fee they will be
corrected.
    Also if you want to do scans it can be expensive monthly, you only get
limited quotes per day unless you go for the 39.99 a month service.
    I saw ad's for TC2000 they are 29.99 and you dont need to buy software.
    Though I like the capability of WOW, they succeeded in pissing me off so I
am keeping the program not subscribing to their service and have purchased
Q2 with IRL instead, I understand this can be transported into WOW. I have
not received them yet so I dont have any other info.
    To be fair I know there are other versions of WOW. They may be a lot
better. They were recommended and the Internet trader was not.

e: Mon, 21 Dec 1998 21:26:34 -0800
From: "Bill Triffet" <[e-mail]>
Subject: [CANSLIM] Charting Software for CANSLIM

I hope this question hasn't been beat to the ground but...

I'm looking at TC2000 or Windows on Wallstreet for camslim searching. Up
till now I've been going through my IBD (which is slow and untimely) then
following up on some of the fine searchs folks have posted here.

What are the strengths and weaknesses of  each package as a screening tool?
Both, it appears make their money on the required data service. What is the
level of data required to get good scans ie, both have several levels of
data pricing. Is Daily Graphs a better way to go? I realize this is purely
subjective but would really like to hear your comments/advise on this as I'm
trying to reduce my screening time.

Thanks in advance.

Bill


- -

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

Date: Wed, 23 Dec 1998 09:13:12 -0500
From: Ari Lawson <[e-mail]>
Subject: Re: [CANSLIM] TC2000

Joe,
Can you please tell me where I can get the info I need to take a look at
TC2000?
                                                  Thanks Ari
Joe Scott wrote:

> Johan,,
> No I haven't,, but at times it crawls...
>  I was going to drop the service,, I tryed it for a quarter,, and forgot to
> cancel... Now I'm in for one more quarter then won't renew it...
> I just don't feel its worth the cost...
> I'll use TC2000 from now on,,,
>
> joe
>
> -




- -

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

Date: Wed, 23 Dec 1998 09:17:52 -0500
From: Connie Mack Rea <[e-mail]>
Subject: [CANSLIM] Technical stuff [Connie Mack]

I've a few OBV/MF stocks and a comment on MU.

MU first.  The MF on MU is looking negatively divergent.  Never a good
sign, but remember this is a gross indication.

I bought two small lots near the low, and I'll watch these closely.
Should it break down through yesterday's low, support wouldn't come in
until around 47.

Think I saw that Merrill issued a downgrade.

I also bought some MCH and RDRT.

These are the OBV/MF stocks:

    MGG  ART  AIN  IXX  CTV  RJF  PDLI  WMO  WDR

Make these checks before you buy.  Check each in relation to the 50 and
100 EMA.  The significance of these long term indicators changes as a
market advances to the degree this one has.

Check the 3/7/10 EMA for short term entry.  Put the stock up to a
1-day/15-minute chart to determine entry for today; use, too, the MACD
and stochastic.  I depend on the EMA first and the MACD second.  The
stochastic is often too erratic.

Double bottoms offer a further degree of safety whether they appear
intermediately or at yearly low.

Connie Mack


- -

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

Date: Wed, 23 Dec 1998 09:23:29 -0500
From: "Joe Scott" <[e-mail]>
Subject: Re: [CANSLIM] TC2000

Ari,,,,
Here you go,,, http://www.tc2000.com/
see if your broker offers any deals on it,,
schwab offers a six month promo..
The more I use it the more I like it..

joe



- -

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

Date: Thu, 24 Dec 1998 02:54:09 +1300
From: "Dean Edwards" <[e-mail]>
Subject: [CANSLIM]CDWC  It takes courage to be a a pig

It takes courage to be a a pig.  Here is my number 1 pick for next year.
CDW COMPUTER (Nasdaq:CDWC)
Merry Xmas and a happy new year to you all.


    Raphael met with Soros. "I've done the reseach on Jaguar"
"What do you think?"
"I really like the way the compay is performing. We'll be OK, I think in =
the
position
we've taken."
    To Raphael's shock, Soros picked up the telephoned and ordered his
traders:
"Buy another quarter of a million shares of Jaguar."
OK apparently meant different  things to Raphael and Soros. To Raphael it
meant
"What we've done so far is OK. But lett's not commit ourselves to anythin=
g
more until we see how the land lies."
To Soros it meant that if you like the situation now, why not follow you
instincts and go with all you've got? "If the stock goes up", Soros went =
on,
"you buy more. You don't care how big the position gets as part of your
portfolio. If you get it right, then build"

Soros, explained Drukenmiller, argued that the way to build longterm retu=
rns
was "through preservation of capital and home runs. You can be far more
aggressive when you're making profits. Many mangers, once they're up 30-4=
0
percent, will book their year (i.e trade very cautiously for the remainde=
r
of the year so as not to jeopardize the very good return that has already
been realized) The way to attain truly superior long-tem returns is to gr=
ind
it out until you're up 30-40 percent, and then if you have the conviction=
s,
go for a 100 percent. If you can put together a few near-100 percent year=
s
and avoid down years, then you can achieve really outstanding long-term
returns.

>I thought readers might be interested in the following article based on =
the
>book, "The Mind of a Trader: Lessons in trading strategy from the world'=
s
>leading traders."(FT Pitman 1998)
>
>The Mind of a Trader: the most profitable trading tool of all.
>
>=93You made how much?=94 I screamed down the phone to the calm voice on =
the
>other
>side of the Atlantic. Tapping away at my calculator, I continued in
>disbelief, =93but that means you earned for Salomon Brothers an average =
of
>$250,000 each and every single trading day for 8 years!=94 I resisted th=
e
urge
>to faint, or swear.
>
>I had spoken to many successful traders, but the conversation with Bill
>Lipschutz, with whom I had had the above conversation, former Global Hea=
d
of
>Foreign Exchange and Managing Director at Salomon Brother, stuck in my m=
ind
>for the size of his trading successes.
>
>This was my point of arrival, after having spoken and interviewed, even
>cross-examined and interrogated, the world=92s leading traders. The orig=
inal
quest
>was
>to find what, if anything, they had in common despite their differences.=
 I
>did
>not want the trite and over-used =91cut your losses short, set stop-loss=
es
>etc.
>etc.=92 type of insight. Traders know to cut their losses short, they wa=
nt to
>know they are cutting it short and not cutting a potential profit short.
Too
>often the trite rule has missed the real difficult issue.
>
>Nor did I want advice which only the professional trader could utilize o=
r
>understand. I wanted to discover something for professional and private
>trader
>alike. I wanted to rip out and hold in my hand for close inspection the
very
>heart of trading success.
>
>Any conclusions would be irresistibly and irrefutably strong (as well as
>hopefully being insightful and original ) because it would relate to
trading
>itself, not just one product, or technique or tool or country. I was not
>disappointed.
>
>The common element that linked them all, and separated them from their l=
ess
>successful colleagues was their frame of mind; their attitudes to tradin=
g,
>to
>losses, to open positions, to profits, to success and failure. Indeed, t=
hey
>redefined success and failure itself. Their perspective was unlike that
>exhibited by any less successful traders. They had a way of viewing trad=
ing
>such that if you were to force them to trade according to a particular
>system,
>they would still be more profitable than their colleagues using the same
>system. They added a value to any potentially profitable trading techniq=
ue
>and
>tool to turn it into a superior profit maker.
>
>If I had to list and summarize the main traits these leading traders
>exemplified, they would be these:
>
>Opportunity knocks the door down
>Since kindergarten each of us is taught to grab opportunities for they d=
o
>not
>knock twice. It is precisely that type of advice, which is so useful in
>other
>walks of life that is detrimental in trading.
>
>Many traders, armed with their trading plan or strategy, will often hast=
ily
>and prematurely enter a trade. Their decision is often driven by fear; t=
he
>fear of the missed opportunity. Their mind will be screaming, =93quick g=
et on
>the trade, you=92re going to miss it, so what if all your criteria for
>entering
>a trade have not been met? Most of them have, so get on, the big traders
>wouldn=92t hang around.=94
>
>The inevitable result is that the trade will not be profitable or as
>profitable as it would have been had the trader waited for the precise
>moment
>to strike.
>
>In trading the fear of the missed opportunity leads to many avoidable
>losses.
>And the game of trading is as much about avoiding losses as about captur=
ing
>profits. The leading traders have a different perspective on opportunity.
>Counter-intuitively they know opportunity knocks once, twice and then ki=
cks
>the door down. They know that if this trade does not feel absolutely
>perfect,
>there will be another one along in a short while that will. That knowled=
ge
>alleviates and over-rides any fear. That knowledge is the key to unlocki=
ng
>greater profits by waiting for all the trade entry criteria to be met an=
d
>not
>cutting corners.
>
>Bill Lipschutz summed it up when he said, =93Out of 250 trades in a year=
, it
>comes down to five, three of those will be wrong and you will lose a
fortune
>and two will be right and you will make a fortune; for the other 245
>trades-you should have been sitting on your hands.=94
>
>Great traders tend to be risk averse There is a general perception, once
>again more propagated by life and not trading experiences, that one need=
s
to
>risk a lot to profit a lot. Every one of the traders I interviewed state=
d
>unequivocally that they were risk-averse. As Bernard Oppetit, Global Hea=
d
of
>Equity Derivatives at Banque Paribas put it, =93you do not need to risk =
a lot
>to profit a lot.=94 Jon Najarian, CBOE Director and the Chairman of Merc=
ury
>Trading put it similarly, =93making money today is not more important th=
an
>being able to come back tomorrow.=94
>
>Pat Arbor, chairman of the Chicago Board of Trade, warned against going =
for
>the =91home-run=92. His trading philosophy is based on =91una fagiola=92=
; one bean,
>at a time into the bag. As one of the most experienced and successful
>traders
>on CBOT, he insists trying to put lots of =91beans into the bag=92 at on=
ce will
>result in most not going in. He counsels that the steady approach will
>result
>in far more profits in the longer run.
>
>The message is to wait, and wait for a high probability trade in the
>knowledge
>that they do exist and can lead to as great profit as more risky trades.
>Moreover the danger of riskier trades is not only a loss, but also such =
a
>loss
>that you have no funds left.
>
>Luck: Stacking the Odds Following on from the nature of traders as being
>risk-averse, they have a knack for stacking the odds. As Lipchutz puts i=
t,
>=93I
>happen to believe that by far the biggest component of trading success i=
s
>luck, it=92s not the rolling the dice type of luck, but stacking the odd=
s.=94
>These top traders practice their risk aversion by ensuring the odds of a
>successful outcome are heavily stacked in their favor.
>
>This is not only done by ample research and planning, but also recognizi=
ng
>that when they are in a good trade to =91push their luck.=92 As David Ky=
te,
>Chairman of the Kyte Group and the largest local on LIFFE put it, =91you=
 do
>not
>step in the way of a train that=92s going at full steam.=94 Najarian and=
 Kyte
>both said, =93You make your own luck in this game=94 meaning that you st=
ack the
>odds of making a profitable trade by planning and waiting until all your
>trade entry criteria are satisfied, if then the trade does prove to be a=
s
>lucrative as it promised you =91push your luck=92 by perhaps adding to t=
he
>position and riding it for all it is worth.
>
>
>The Emotional Problem
>Trader=92s attitude to their potential and existing positions is often a
great
>determinant of success. As every trader knows, the moment a trade is
>executed,
>everything is different. That is the point at which it becomes real, no
>longer
>digits on a screen and numbers in an account. Now expectation is joined =
by
>anticipation. The brain is joined by the heart. Reason is joined by
emotion.
>You exchange detachment for attachment.
>
>When you have an open position and you are looking to close it, you will
>either have a profit or a loss. The emotions relating to each are quite
>different. For instance, when sitting on a loss many traders experience
hope
>that the position will turn around because they fear and deny that it ma=
y
>not. It is for you to recognize these emotions and to discard them. Your
>judgment has to be based on detached reason relating to your analysis of
the
>company.
>
>How you behave once you have an open position is all important. Without
>clear
>thinking you could exit too soon or too late. Your key concern with an o=
pen
>position is timing your exit. Of course there are times when you are
>deciding
>whether to add to a position, but generally you are concerned with exit.
>With
>an open position you are concerned with closing the position. In order t=
o
do
>that an open position requires an open mind.
>
>=93The key is to be intellectually honest. You have to think of every da=
y as
a
>clean slate. You've got to forget about your loss or how much you paid y=
ou
>have to treat each day as a completely new day. You have to start everyd=
ay
>with a blank page. Mark to market should be the rule so you start each d=
ay
>afresh. There is no expected profit or loss on the book so you have to
start
>from scratch each morning.=94 says Oppetit.
>
>
>P**s poor planning produces pathetic performance Although an SAS motto, =
the
>above is equally applicable to trading. The top traders did not trade =91=
by
>the
>seat of their pants.=92 Planning and its benefits was a key aspect to th=
e way
>they viewed the markets. The top traders plan =91what if=92 scenarios an=
d think
>about their response to each probable outcome. The main benefits were th=
at
>with plan in hand or in mind the trader=92s confidence is enhanced, fear=
 of
>loss reduced and that in turn assists clear thinking and removal of hope=
 so
>ensuring the trader stays focused on his original reason for entering th=
e
>trade.
>
>Oppetit summed this up well when he said, =93whether I get out at a prof=
it or
>loss does not matter.=94 Martin Burton, founder and Managing Director of
>Monument Derivatives and former director of NatWest Markets was talking
>about
>the same thing when he said, =93it is not a 90 minute game=94. They both=
 know
>that sticking to their plan is far more important than temporary blips i=
n
>their profit and loss accounts.
>
>Losses - a curious view The top traders were totally at ease with losing.
>This is not something one expects from those at the top of their
profession.
>Although true in other walks of life, that perfection is to be striven f=
or,
>in trading perfection is not an option. Paul RT Johnson, Vice President =
at
>ING Securities and a Director on CBOT said bluntly, =93you are going to =
be
>wrong. You are not perfect.=94
>
>The top traders would cut their loss and move on. The issue was not whet=
her
>the market may turn around if they hung in there. They cut their loss if=
 it
>is what they had said they would do in their plan. They would get out at
the
>predetermined level. The discipline of sticking to the plan was primary =
and
>the real issue. To say =91cut your losses short=92 missed the whole poin=
t and
>was
>of no help to anyone. By cutting their loss they would free up capital t=
o
>place in more profitable positions elsewhere, and free up mental energy =
to
>focus on new opportunities. Pat Arbor summed it up by saying, =93your fi=
rst
>loss is your best loss=94. Jon Najarian had a saying as to why =91cuttin=
g
losses
>=92
>was so important, =93you can=92t eat like a bird and s**t like an elepha=
nt.=94
>
>Conclusion It is not possible to do justice to the wisdom and accumulate=
d
>experiences of the world=92s leading traders in a short article. However=
, I
>have tried to convey how their minds work in a way that apparently runs
>against common intuition. These differing perspectives ensure that with =
the
>same tools and products to trade with as anyone else they make far more =
in
>profits because their minds are different.
>





- -

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

End of canslim-digest V2 #481
*****************************

 To unsubscribe to canslim-digest, send an email to "[e-mail]"
 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.