home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
ftp.xmission.com
/
2014.06.ftp.xmission.com.tar
/
ftp.xmission.com
/
pub
/
lists
/
canslim
/
archive
/
v02.n644
< prev
next >
Wrap
Internet Message Format
|
1999-07-05
|
19KB
From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #644
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, July 6 1999 Volume 02 : Number 644
In this issue:
[CANSLIM] Musings
[CANSLIM] Good Book
[CANSLIM] Good stuff on the S&P500. [Connie Mack]
[CANSLIM] Something to break the boredom of days sans the market. [Connie Mack]
[CANSLIM] Company Industy Rank
Re: [CANSLIM] industry rankings and rank within
Re: [CANSLIM] Good stuff on the S&P500. [Connie Mack]
Re: [CANSLIM] Good stuff on the S&P500. [Connie Mack]
[CANSLIM] Foreign markets. [Connie Mack]
[CANSLIM] Haurlan, yes; Kinsman, no. [Connie Mack]
[CANSLIM] StockQuest: More software similar to Itrader and BigEasy. [Connie Mack]
[CANSLIM] Some pre-screened stocks for trader and investor. [Connie Mack]
Re: [CANSLIM] Some pre-screened stocks for trader and investor. [Connie Mack]
Re: [CANSLIM] Haurlan, yes; Kinsman, no. [Connie Mack]
[CANSLIM] Watch List
----------------------------------------------------------------------
Date: Mon, 05 Jul 1999 07:15:41 -0400
From: postwhit@sover.net
Subject: [CANSLIM] Musings
Once I read a book...."If You Meet the Buddha on the Road, Kill Him", I
think it was called. Anybody read it? May have to read it again...
Gotta go feed...
JWW
- -
------------------------------
Date: Mon, 5 Jul 1999 09:29:50 -0400
From: "Zoran Mitrovski" <mitrovski@att.net>
Subject: [CANSLIM] Good Book
Hello everyone,
I'd like to recommend book I am reading right now:
"Devil Take The Hindmost: A History of Financial Speculation"
by Edward Chancellor
The author studied history at Cambridge and Oxford and also
worked as an investment banker at Lazard Brothers. Even though
I covered only about 85 pages I already got much more than my
money's worth. It is chock-full of bibliographical references, quotes
from letters and transcripts, etc, all nicely interwoven into a very
readable and enlightening text with minimal subjective interpretation.
I'd add this one to the "must read" list of every CANSLIM (or other
styled) investor-speculator.
Read it; learn; discover similarities; draw analogies; observe the
today's society from a wider historical perspective; and accordingly
make adjustments to your speculative strategies.
Cheers,
Zoran
mitrovski@att.net
- -
------------------------------
Date: Mon, 05 Jul 1999 10:25:05 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: [CANSLIM] Good stuff on the S&P500. [Connie Mack]
For those who like to correlate from index to index and from index to
stock prices [not individual stocks], you'll appreciate this
sophisticated site:
http://www.glen-net.ca/sp500_daytrend/jul2.html
The best way to approach the information--because the daily information
comes in eight pages--is to print out the entire report. After you've
decided what you want from it, go to Edit/Print Preview. There you can
see the pagination of the report and can print only pages you want.
Connie Mack
- -
------------------------------
Date: Mon, 05 Jul 1999 11:11:17 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: [CANSLIM] Something to break the boredom of days sans the market. [Connie Mack]
Here is a respite site for those who can't go three days straight
without the market:
http://members.home.com/wreckedhumor/
Connie Mack
- -
------------------------------
Date: Mon, 05 Jul 1999 12:09:22 -0400
From: Carter Diggs <gcdiggs@erols.com>
Subject: [CANSLIM] Company Industy Rank
I keep getting surprised at how much the Yahoo site has, or is linked
to! Thanks for tipping me off to the industry rank page.
Can someone explain how the rankings are arrived at? Is the parameter
related to price performance, similar to the one used for the IBD letter
ratings?
Thanks,
Carter
- -
------------------------------
Date: Mon, 05 Jul 1999 13:07:53 -0700
From: "Earl Setser" <esetser@csolutions.net>
Subject: Re: [CANSLIM] industry rankings and rank within
Since you are getting IBD (I believe), there are a couple of features that
should help you find industry group data in the paper. I believe IBD uses
the sum of EPS rating and Rel Str to get their industry rank, so I don't
believe you'll be able to find equivalent data on the Internet. Zacks
provides an industry rank, but it's based on Brokerage rankings. It sounds
like Yahoo may do the same thing (from other messages). In IBD, Data
appears in the paper as follows:
Companies in the News - This feature includes an "Industry Group Focus" for
the industry group of the featured stock. You can use this to look up any
groups that have been featured recently. I am filing the New America and
Companies in the News sections to keep this data for a few months or so.
You might consider doing the same.
Weekend Review - This feature groups the stocks by industry group strength,
hence all of the stocks in a group are listed together. This is a good way
to review other stocks in a group if your candidate is on the list. You
just look at the stocks around it, and make an educated guess (or maybe
check Zacks group) to see which others are in the same group and what their
ratings are.
Panorama, etc - There are other occasional features in IBD that discuss a
specific group, i.e. discount retailers were discussed a while back and the
ratings were given there.
Discussion group - if all else fails, it seems DGO has this data and the
guys on this group (Tom and others) seem willing to answer questions about
group.
At 07:27 PM 7/2/99 -0600, you wrote:
>Has anyone found one source for industry ranking and rank within a group on
>the Net?
>
>
>
>Also, take a look at DY performance. Looks like a flat base with one spike
>in the last few days and then settled down to another flat base. When
>using CS thinking, is this all one base or a start of a new base? The
>fundamentals look pretty darned good. Thoughts?
>
>Ben
>963-2428 home
>945-9183 work
>Cyber Consultants-Training, Installations, Home Page Design
>mailto:bheffer@sopris.net
>
>ICQ# is 8736058
>
>
>
>-
>
>
- -
------------------------------
Date: Mon, 05 Jul 1999 16:28:52 -0700
From: Dan Cash <dcash@compuall.net>
Subject: Re: [CANSLIM] Good stuff on the S&P500. [Connie Mack]
Thanks Connie interesting site.
At this site is referenced: Market breadth based on advance/decline
measurements.
Three I do not know: Kinsman Index, Haurlan Index and BADI.
Does anyone have knowledge of these that would be kind enough to give an
overview and give some references?
Dan
Connie Mack Rea wrote:
> For those who like to correlate from index to index and from index to
> stock prices [not individual stocks], you'll appreciate this
> sophisticated site:
>
> http://www.glen-net.ca/sp500_daytrend/jul2.html
>
> The best way to approach the information--because the daily information
> comes in eight pages--is to print out the entire report. After you've
> decided what you want from it, go to Edit/Print Preview. There you can
> see the pagination of the report and can print only pages you want.
>
> Connie Mack
>
> -
- -
------------------------------
Date: Mon, 5 Jul 1999 20:22:19 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Good stuff on the S&P500. [Connie Mack]
Hi Dan,
I just finished checking out this site, lots of good info.
There is an explanation page plus historical archive
available one level prior to the site Connie mentions. The
address is:
http://www.glen-net.ca/sp500_daytrend/explan.html and is
also the better bookmark to use as the one below is just for
July 2. Thanks again to Connie for letting us in on a great
site.
On that page is a link for an explanation of the various
terms used. The first two you ask about are not there,
however for BADI is the following:
BADI: Breadth Advance/Decline Indicator - developed by
Martin Zweig; is calculated by taking the 10-day simple
moving average of advancing issues, and dividing this number
with the sum of the 10-day simple moving average of
advancing and declining issues (BADI=A10/(A10+D10). The data
show very bullish tendency at readings above 0.66 and very
bearish results with readings below 0.367; the neutral point
is 0.500 (Reference #1, p. 102-104)
Tom Worley
stkguru@netside.net
chat with me at ICQ # 5568838
get ICQ software at http://www.icq.com/icqhomepage.html
- -----Original Message-----
From: Dan Cash <dcash@compuall.net>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Monday, July 05, 1999 7:29 PM
Subject: Re: [CANSLIM] Good stuff on the S&P500. [Connie
Mack]
Thanks Connie interesting site.
At this site is referenced: Market breadth based on
advance/decline
measurements.
Three I do not know: Kinsman Index, Haurlan Index and BADI.
Does anyone have knowledge of these that would be kind
enough to give an
overview and give some references?
Dan
Connie Mack Rea wrote:
> For those who like to correlate from index to index and
from index to
> stock prices [not individual stocks], you'll appreciate
this
> sophisticated site:
>
> http://www.glen-net.ca/sp500_daytrend/jul2.html
>
> The best way to approach the information--because the
daily information
> comes in eight pages--is to print out the entire report.
After you've
> decided what you want from it, go to Edit/Print Preview.
There you can
> see the pagination of the report and can print only pages
you want.
>
> Connie Mack
>
> -
- -
- -
------------------------------
Date: Mon, 05 Jul 1999 20:52:56 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: [CANSLIM] Foreign markets. [Connie Mack]
For those who like to browse foreign markets, this is a nice site.
There is also stuff on U.S. markets:
http://www.globalfindata.com/guide.htm
There is much collected here that would require stops at several other
sites.
=======
Dan and Tom, I think I've got definitions of Haurlan and Kinsman Indexes
somewhere. I ran these down when the explanation page had no comment.
Will post if I find them. The BADI is on the page that Tom noted.
Connie Mack
- -
------------------------------
Date: Mon, 05 Jul 1999 21:30:18 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: [CANSLIM] Haurlan, yes; Kinsman, no. [Connie Mack]
Dan and Tom--
Can't find Kinsman Index.
Haurlan Index
This indicator is calculated daily from the plurality of NYSE
advances over declines. There are three components of the
Haurlan index: Short Term, Long Term and Intermediate Term.
1.Short Term. A 3-day exponential moving average is taken
of the net NYSE advances over declines, measuring the
short term condition of the market. When this index moves
above +100, a market short term buy signal is generated.
The signal is in effect until the market drops below -150 at
which time a sell signal is generated. The sell signal remains
in effect until the index moves above +100 again.
2.Intermediate Term. Same as above but with a 20-day
exponential moving average. This index is considered the
most important of the three. Market buys and sells are
determined in this index by the crossing of trend lines or
support/resistance levels depending on the particular market
in question. For example, when the market is basing out in
preparation for an uptrend, a resistance level may be set up.
Once its value is determined, buy and sell signals could be
generated for that market.
3.Long Term. Same as above except for a 200-day
exponential moving average. Useful for determining trends
but not for signals.
Connie
- -
------------------------------
Date: Mon, 05 Jul 1999 21:43:01 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: [CANSLIM] StockQuest: More software similar to Itrader and BigEasy. [Connie Mack]
As I was cleaning out my Program file, I came across StockQuest. I
still had the icon, but the program had been deleted. I did at one time
download the free program, but remember nothing about it. You can
download at this site for a look:
http://www.marketguide.com/mgi/STOCKQUEST/sq-about.html
Perhaps someone will make an evaluation against Itrader and BigEasy.
Connie Mack
- -
------------------------------
Date: Mon, 05 Jul 1999 22:55:23 -0400
From: Connie Mack Rea <rea1@dp.net>
Subject: [CANSLIM] Some pre-screened stocks for trader and investor. [Connie Mack]
I have pulled a few stocks from this site for trading. But there are
stocks for growth, value, income, etc. Stocks are pre-screened.
The Aggressive Growth button brought up CREE and ITWO. Is not CREE also
a CS stock? If so, then here is an instance of a trading stock with CS
characteristics. Don't know if ITWO is CS.
http://www.smartratings.com/tools/smartgenie/index.shtml#aggr
Connie Mack
- -
------------------------------
Date: Mon, 5 Jul 1999 23:17:27 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Some pre-screened stocks for trader and investor. [Connie Mack]
Connie,
CREE is a classic CANSLIM stock with RS/EPS of 99/99; A/D of
A and Timeliness also of A. The problem is the chart, as
there is no established base, it's a runaway in an upward
channel. And right now, at the upper side of that channel
and with a trailing PE of 105, it would seem to be one maybe
worth watching, but not a buy right now. If it hits its
forecast for fiscal 99 (ending June) of up 85% (which looks
likely to me) then the PE drops to 94, still high. For 2000,
it drops to 64 on the forecast.
ITWO also would be a good CANSLIM candidate for watching,
RS/EPS of 95/91, A/D of A and Timeliness of B. Management
has a major stake (61%) and once again the chart says to me
it's too late for a buy as it has already moved over 10%
from a very short base (2 weeks) at the 40 level (now over
45). The more established base is back at the 31-35 level.
It also carries a high trailing PE of 125. And the forecast
for the current year is only an 11% gain in earnings, so
this doesn't drop much on projected PE.
Tom Worley
stkguru@netside.net
chat with me at ICQ # 5568838
get ICQ software at http://www.icq.com/icqhomepage.html
- -----Original Message-----
From: Connie Mack Rea <rea1@dp.net>
To: canslim <canslim@mail.xmission.com>
Date: Monday, July 05, 1999 10:56 PM
Subject: [CANSLIM] Some pre-screened stocks for trader and
investor. [Connie Mack]
I have pulled a few stocks from this site for trading. But
there are
stocks for growth, value, income, etc. Stocks are
pre-screened.
The Aggressive Growth button brought up CREE and ITWO. Is
not CREE also
a CS stock? If so, then here is an instance of a trading
stock with CS
characteristics. Don't know if ITWO is CS.
http://www.smartratings.com/tools/smartgenie/index.shtml#agg
r
Connie Mack
- -
- -
------------------------------
Date: Mon, 05 Jul 1999 21:24:41 -0700
From: Dan Cash <dcash@compuall.net>
Subject: Re: [CANSLIM] Haurlan, yes; Kinsman, no. [Connie Mack]
Thank you Connie and Tom for the explaination.
Dan
Connie Mack Rea wrote:
> Dan and Tom--
>
> Can't find Kinsman Index.
>
> Haurlan Index
>
> This indicator is calculated daily from the plurality of NYSE
> advances over declines. There are three components of the
> Haurlan index: Short Term, Long Term and Intermediate Term.
>
> 1.Short Term. A 3-day exponential moving average is taken
> of the net NYSE advances over declines, measuring the
> short term condition of the market. When this index moves
> above +100, a market short term buy signal is generated.
> The signal is in effect until the market drops below -150 at
> which time a sell signal is generated. The sell signal remains
> in effect until the index moves above +100 again.
> 2.Intermediate Term. Same as above but with a 20-day
> exponential moving average. This index is considered the
> most important of the three. Market buys and sells are
> determined in this index by the crossing of trend lines or
> support/resistance levels depending on the particular market
> in question. For example, when the market is basing out in
> preparation for an uptrend, a resistance level may be set up.
> Once its value is determined, buy and sell signals could be
> generated for that market.
> 3.Long Term. Same as above except for a 200-day
> exponential moving average. Useful for determining trends
> but not for signals.
>
> Connie
>
>
- -
------------------------------
Date: Tue, 06 Jul 1999 08:57:26 -0500
From: Dave Squires <dcsquires@mindspring.com>
Subject: [CANSLIM] Watch List
Hi all,
These stocks all look interesting to me. Some are CS some are pure
momentum. Do your homework.
GLW...huge fiber optic deal....breakaway gap.
EXTR....Internet infrastructure play....buy point 59 1/8
HLIT...MOMO play...consolidating.
IMNX...
IFCI....Internet infrastructure play.....huge base
NTAP.... coming through 60 on volume
STRM....latin YHOO...needs a handle but likely won't get it.
VRIO....networking play
ANF.... nice base....strong consumer.
PRSF...nice base
NXLK
CMGI
ALLR...Great product....long base but still needs work.
EMC....The storage behemoth....coming through 60 on volume
FLEX...nice base
RMBS... next generation DRAM product...coming through 100 on volume
FDX....steath internet play....good earnings...nice base.. 57 1/8 on
volume
CNCX... networking play.
MUSE.... great product.....great base.
NITE
KLAC... looking for a base retest.
FDS
RFMD... looking for a base retest
TYC
WCOM
AWRE...bootomfishing
ERTS....Missed it!
CTIX
CYMI
GSPN
NVLS...semiconductor play with great base.
ETEK... fiber optics....needs a handle...no safe buy point right now
JNPR...Internet infrastruture....next generation routers...this is a hot
stock.
TSFW
TERN...very hot....cable modems that work on noisy cable lines.
Fundamentals here are very strong..chart is nice.
CMTN...DSL play...needs a handle.
happy hunting,
DSquires
- -
------------------------------
End of canslim-digest V2 #644
*****************************
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.