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canslim-digest          Sunday, April 4 1999          Volume 02 : Number 571



In this issue:

       [CANSLIM] Re: NITE Breakout
       Re: [CANSLIM] Re: NITE Breakout
       [CANSLIM] YHOO
       [CANSLIM] financial ruminations
       [CANSLIM] Trading on Expectations
       Re: [CANSLIM] U/D ratio
       RE: [CANSLIM] U/D ratio
       [CANSLIM] Possible good stock?

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

Date: Sat, 3 Apr 1999 08:16:52 -0800
From: IMF STAFF <[e-mail]>
Subject: [CANSLIM] Re: NITE Breakout

Yes, I picked up NITE a couple weeks ago using the StockTables.com Free
screening tool to screen for stocks with a 99 Relative Strength Rank, and a
good accumulation distribution reading..
http://www.stocktables.com

I also like to set the Volume % screen for +50% or greater and if there are
a number of them, I will turn on the "New High Button".

This limits the screen to only stocks that are meeting the parameters,
while also making new highs.

RS - 99
A/D - A, B (+1,+2, +3, +4)
VOL% - >50%
NEW HIGH: (optional)

By setting the screen for these parameters, you will find stocks that are
clearly outperforming the market, and often have great momentum.

They are more aggressive volatile stocks than climb and drop fast, I often
hold them from 1 week to 6 weeks.

So these trades are shorter term than the modified Canslim system that I
use for trading stocks from 3 to 6 months.

It saves me a lot of time scanning the fine print in the newspaper...and it
is a FREE SITE!

Have Fun Screening!
Bill

- -

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

Date: Sat, 03 Apr 1999 20:48:29 +0200
From: Johan Van Houtven <[e-mail]>
Subject: Re: [CANSLIM] Re: NITE Breakout

Bill,

Are you in any way related with http://www.imfnet.com/ AKA The PitBull
Investor, the producers of http://www.stocktables.com?

I am asking since your email adress point to this site.


At 08:16 AM 4/3/99 -0800, you wrote:
>Yes, I picked up NITE a couple weeks ago using the StockTables.com Free
>screening tool to screen for stocks with a 99 Relative Strength Rank, and a
>good accumulation distribution reading..
>http://www.stocktables.com
>
>I also like to set the Volume % screen for +50% or greater and if there are
>a number of them, I will turn on the "New High Button".
>
>This limits the screen to only stocks that are meeting the parameters,
>while also making new highs.
>
>RS - 99
>A/D - A, B (+1,+2, +3, +4)
>VOL% - >50%
>NEW HIGH: (optional)
>
>By setting the screen for these parameters, you will find stocks that are
>clearly outperforming the market, and often have great momentum.
>
>They are more aggressive volatile stocks than climb and drop fast, I often
>hold them from 1 week to 6 weeks.
>
>So these trades are shorter term than the modified Canslim system that I
>use for trading stocks from 3 to 6 months.
>
>It saves me a lot of time scanning the fine print in the newspaper...and it
>is a FREE SITE!
>
>Have Fun Screening!
>Bill
>
>-
>
>

Johan






- -

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

Date: Sat, 3 Apr 1999 21:00:14 +0100
From: "Marc Laniado" <[e-mail]>
Subject: [CANSLIM] YHOO

Who's watching the chart?
Looks like a cup with handle and volume drying? Could break out again??
Any takers?
Price 179.75
EPS 84
RS 99
SMR A
A/D B
Group RS 99
Group INTERNET-ISP/CONTENT
52 week high 222.5
52 week low 22.72
19% off high

Marc

Marc E Laniado



begin 666 Marc Elie Laniado.vcf
M0D5'24XZ5D-!4D0-"DXZ3&%N:6%D;SM-87)C.T5L:64-"D9..DUA<F,@16QI
M92!,86YI861O#0I%34%)3#M04D5&.TE.5$523D54.DUA<F-L86YI861O0&US
2;BYC;VT-"D5.1#I60T%21 T*
`
end



- -

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

Date: Sat, 3 Apr 1999 13:35:56 -0800
From: "Patrick Wahl" <[e-mail]>
Subject: [CANSLIM] financial ruminations

I thought this was somewhat interesting anyway, especially after
returning to the working world after sveral years on my own and
realizing work kinda stinks, may be of a too intangible nature for
some people, but its a rumination on how to think about success -

http://cbs.marketwatch.com/news/current/superstar.htx?source=htx
/http2_mw

If the wrap around address is a bit confusing, go to the CBS
Marketwatch page and under Perspectives on the front page, click
on Pricing Peace of Mind.



- -

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

Date: Sat, 3 Apr 1999 18:19:14 -0600 (CST)
From: [e-mail]
Subject: [CANSLIM] Trading on Expectations

Dave C.

<So... I trust many of you already know what I've learned, but
for those that may be encountering similar problems - my
words of wisdom are as follows:
   1. Find a method for which your psychology is compatible.
   2. Test the method to ensure both you have confidence and
      your rate of success is sufficient to make you money.
   3. Don't concern yourself with what someone else says -
      it may be a terminology difference.>

Agree with your points above and appreciate your sharing
your methodology.  Just want to add something here.  I am
still working on a system after trading for close to two
years.  I find that flexibility is important also.  Sticking
to a personal method, but always being open is healthy.  By
this I don't mean listening to every bit of advice and opinion
that's available.  I think exploring another avenue, looking
at potential rather than only past performance such as the case
with internet-related companies may be worthwhile.  Reviewing
trades frequently can highlight a recurring problem (for me
that was placing automatic 8% stop loss below the price paid
which, in too many cases, took me out of the trade just to see
the stock go up.  This happened in the volatile internet-related
stocks).  Basically, each person, as you and others have said,
needs to find their own way of investing that brings them the
success they're happy with.

Regards,
Mary


- -

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

Date: Sun, 4 Apr 1999 11:19:23 -0400
From: "Tom Worley" <[e-mail]>
Subject: Re: [CANSLIM] U/D ratio

Dan,

I can't speak for any other sources, but DG/DGO calculates
the daily Up/Down ratio as a 50 day ratio derived by
dividing the total volume on days when the stock closed up
from the previous day by total volume on days it closed
down. A ratio greater than 1.0 implies a positive demand.

From my experience, a CS stock should maintain at least a
0.8 ratio, and numbers much over 2.0 become insignificant in
degree (e.g. a ratio of 1.8 and a ratio of 3.7 don't have
much different significance, esp if the float is vastly
different).

Currently, many of my small caps with fantastic fundies
carry a ratio well under 1.0, just another sign of how far
out of favor small caps are now.

Tom Worley
[e-mail]
chat with me at ICQ # 5568838
get ICQ software at http://www.icq.com/icqhomepage.html


- -----Original Message-----
From: Dan Sutton <[e-mail]>
To: [e-mail] <[e-mail]>
Date: Saturday, April 03, 1999 11:55 AM
Subject: [CANSLIM] U/D ratio


I think this has been discussed before, but I can't find the
answer in my
database or by searching the CANSLIM archives...how is the
U/D ratio
calculated?



- -



- -

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

Date: Sun, 4 Apr 1999 09:33:48 -0600
From: "Dan Sutton" <[e-mail]>
Subject: RE: [CANSLIM] U/D ratio

Thanks Tom,
I will plug that into my spreadsheet

- -----Original Message-----
From:    [e-mail]
[mailto:[e-mail]] On Behalf Of Tom Worley
Sent:    Sunday, April 04, 1999 9:19 AM
To:    [e-mail]
Subject:    Re: [CANSLIM] U/D ratio

Dan,

I can't speak for any other sources, but DG/DGO calculates
the daily Up/Down ratio as a 50 day ratio derived by
dividing the total volume on days when the stock closed up
from the previous day by total volume on days it closed
down. A ratio greater than 1.0 implies a positive demand.

>From my experience, a CS stock should maintain at least a
0.8 ratio, and numbers much over 2.0 become insignificant in
degree (e.g. a ratio of 1.8 and a ratio of 3.7 don't have
much different significance, esp if the float is vastly
different).

Currently, many of my small caps with fantastic fundies
carry a ratio well under 1.0, just another sign of how far
out of favor small caps are now.

Tom Worley
[e-mail]
chat with me at ICQ # 5568838
get ICQ software at http://www.icq.com/icqhomepage.html


- -----Original Message-----
From: Dan Sutton <[e-mail]>
To: [e-mail] <[e-mail]>
Date: Saturday, April 03, 1999 11:55 AM
Subject: [CANSLIM] U/D ratio


I think this has been discussed before, but I can't find the
answer in my
database or by searching the CANSLIM archives...how is the
U/D ratio
calculated?



- -



- -



- -

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

Date: Sun, 04 Apr 1999 06:51:25 -0400
From: Chris Miller <[e-mail]>
Subject: [CANSLIM] Possible good stock?

    Well since I am very new to this and still in college, give me a
little leeway in this ok? I was just finishing a report for a class and
noticed this stock it has a very good EPS of late. It trades on low
volume and is very near its low. The EPS have gone like this : 1.27,
.91, .66, .44, .40.. The stock is AIR, AAR Corporation. Has anyone
looked at  this one yet or am I way off the mark here??

 Chris Miller


- -

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

End of canslim-digest V2 #571
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