From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1438 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, June 5 2001 Volume 02 : Number 1438 In this issue: Re: [CANSLIM] SGR Re: [CANSLIM] ENTG Re: [CANSLIM] ENTG [CANSLIM] The value of market orders Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT Re: [CANSLIM] mss-deal Re: [CANSLIM] ENTG Re: [CANSLIM] UNT Re: [CANSLIM] BRL-an example of an faulty base? Re: [CANSLIM] mss-deal - news release ---------------------------------------------------------------------- Date: Tue, 5 Jun 2001 17:06:10 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] SGR I don't think anything that forms in 4 weeks qualifies as a cup, therefore, I wouldn't classify recent price action as a handle. However, I've also been watching this one, it looks good overall, looking at the long term chart it looks like one you want to buy on a pullback. Right now (before today anyway) it is sitting on a 20 day EMA, which many people look at as a place for a stock to find support. You could probably buy a breakout of the recent consolidation/flag formation and use a stop under recent price lows (56.50 say). On 5 Jun 01, at 17:51, Doug Shannon wrote: > Any thoughts on SGR. > > It looks like its forming a handle which is part of a 7 week base starting > on 4/25. Found support at 50 day. Tight price action, but a V bottom. > Volume has dried up nicely. Fundies are pretty good as well. > > 94 95 A B B > 44%,26% EST. for '01 and '02 > last 4 EPS: 5%, 25%, 41%, 27% > last 4 sales: 40%,89%,178%,97% > good institutional sponsorship > MGMT owns 28% > > but ROE only 11% > U/D vol. = .9 > > Thanks, > > Doug > > Doug Shannon > dshannon@austin.rr.com > 512.331.1940 (voice) > 512.331.4684 (fax) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 19:37:08 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] ENTG - --part1_f4.ae7d684.284ec724_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit eps-84,rs-93,smr-a,a/d-a,rs-a....the bad that I see is that the 3 year sales rate is 14% and the earning rate is 80%....I think that it is high risk because it is about 40% from the 50ma,,,It looks like it is the right side of a very long cup so will the handle form? jan hope to hear - --part1_f4.ae7d684.284ec724_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit eps-84,rs-93,smr-a,a/d-a,rs-a....the bad that I see is that the 3 year sales
rate is 14% and the earning rate is 80%....I think that it is high risk
because it is about 40% from the 50ma,,,It looks like it is the right side of
a very long cup so will the handle form? jan hope to hear - --part1_f4.ae7d684.284ec724_boundary-- - - - -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: Tue, 5 Jun 2001 19:41:33 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] ENTG - --part1_36.16e08b70.284ec82d_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit and the vol is up but it could be too extended to buy I think that the pp was around 14.00 - --part1_36.16e08b70.284ec82d_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit and the vol is up but it could be too extended to buy I think that the pp was
around 14.00 - --part1_36.16e08b70.284ec82d_boundary-- - - - -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: Tue, 5 Jun 2001 16:55:40 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] The value of market orders On learning the value of market orders: Since I can't (as Tom recommends) trade an hour into the trading session, lately I've been entering limit orders - where my buy price is somewhere close to the previous day's close. This has generally worked OK for me - because if the stock gaps either direction - I don't buy. Well... David Ryan says this is a stupid idea. This week, I'm starting to see why. DFXI keeps running away from me. Its 99/95, and broke out a few days back. Each day it seems to open over $1 higher than the previous days' close. Just some insight... ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Get personalized email addresses from Yahoo! Mail - only $35 a year! http://personal.mail.yahoo.com/ - - - -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: Tue, 5 Jun 2001 19:20:45 -0500 From: "Norman" Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT Thanks for the clarification and chart. Norm - ----- Original Message ----- From: "David Squires" To: Sent: Tuesday, June 05, 2001 7:35 AM Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT > Norman, > > > I wish you would have told me a purchase of WTSLA was doomed before I got > in > > . > > First, WTSLA is not doomed by any stretch... it just showed lower > probability warning signs on the way up its cup. The breakout came on high > volume so the market believes. It could very well go to the moon, but it > will go without me. ;-) Just watch the action of the stock from here and > INGORE my OPINION. > > > Seriously, what do you mean by 'wedging' handles. I thought a downward > > sloping handle on low vol was desirable? > > Your right about the desirable handle sloping down on low volume. What I was > saying is to avoid wedging handles. Wedging handles slope Up along their > price lows. > > > And, I thought a capitulation in the base was good, i.e. a few > distribution > > days in the bottom of a cup. Wouldn't this indicate a 'shakeout'? > > Capitulation is great. However, a capitulation day will often also be a > reversal day, opening and trading lower only to close near its high. I would > view such a day as accumulation because somebody absorbed all the supply and > closed the stock strong. The same goes for high volume marginally down days > or narrow range days if they are at the bottom of the base. These price and > volume relationships tell you someone is holding the stock UP. > > > And, I have seen 1 of the members here say he looked for low vol on the > > right side of the base. I am less sure about the action in this area. > > IMO, this member must have been referring to the handle part of the right > side. Who in their right mind would want a light volume rally? > > > A graph of LNCR is here.(Jeff needs at least 15 minutes to upload it to the > FTP) > > ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/LNCR.gif > > Dave > > > > > ----- Original Message ----- > From: "Norman" > To: > Sent: Tuesday, June 05, 2001 6:37 AM > Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT > > > > David, > > > > > > > > > > > > > Norman Boyd > > theboyd@tisd.net > > > > ----- Original Message ----- > > From: "David Squires" > > To: > > Sent: Monday, June 04, 2001 10:22 PM > > Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT > > > > > > > Jonathan, > > > > > > To me there is no doubt chart reading is an art not a science. Pattern > > > recognition can have many gray areas. In the end the pattern name > doesn't > > > matter. What matters is that the pattern is sound. Here are a few things > > > that increase the risk of any basing pattern. > > > > > > 1) Low Liquidity - Stocks that trade less that 75,000 shares daily can > get > > > knocked down hard by just one institutional seller. > > > 2) Wide & Loose Price Action - Look for bases with tight price action > when > > > they are consolidating especially in the handle area and bottom of the > > cup. > > > An example of a wide & loose stock is RTEC. > > > 3) Wedging Handles - Stay away from handles that wedge. They breed > faulty > > > breakouts. > > > 4) Base Distribution - Stay away from stocks that have large volume > spikes > > > on down days within the base. LNCR is an example. > > > 5) Light volume on the right side of the base - Be suspect of stocks > that > > > can't trade above their 50-day ADV on the way up the right side of the > > base. > > > These stocks are moving on the fumes of the last advance in most cases. > > > WTSLA is an example. > > > 6) Volatile Handles - When a stock starts gyrating on the right side of > > the > > > cup it is often a sign of a false breakout coming. WTSLA is a current > > > example. > > > > > > These suggests don't mean a stock won't work it just means the > > probabilities > > > of it working drop. When I buy a stock I want all the odds in my favor. > > > > > > Good Trading, > > > DSquires > > > > > > > > > > > > ----- Original Message ----- > > > From: "Jonathan Lien" > > > To: > > > Sent: Monday, June 04, 2001 7:27 PM > > > Subject: RE: [CANSLIM] CPRT > > > > > > > > > > Why does it seem that everyone has a different interpretation when > > > > reading charts? > > > > > > > > Is it more art than science? > > > > > > > > I am trying to get a "handle" on how to read charts more accurately. > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of David Squires > > > > Sent: Monday, June 04, 2001 5:14 PM > > > > To: canslim@lists.xmission.com > > > > Subject: Re: [CANSLIM] CPRT > > > > > > > > > > > > Ann, > > > > > > > > I agree... it looks like a base on base formation on the daily within > a > > > > larger, weekly cup and handle formation. That means the weekly and > daily > > > > both broke out of bullish patterns on volume. Let's see if M lets CPRT > > > > strut its stuff! > > > > > > > > File attached > > > > > > > > DSquires > > > > > > > > ----- Original Message ----- > > > > From: "Ann Hollingworth" > > > > To: > > > > Sent: Monday, June 04, 2001 3:20 PM > > > > Subject: Re: [CANSLIM] CPRT > > > > > > > > > I bought this morning, too. I thought the chart was a base on base. > > > > > Ann > > > > > ----- Original Message ----- > > > > > From: "Tim Fisher" > > > > > To: > > > > > Sent: Monday, June 04, 2001 12:55 PM > > > > > Subject: Re: [CANSLIM] CPRT > > > > > > > > > > > > > > > > 3 months ago, I would have agreed with you. Now that I am > convinced > > > > > > that highs older than 12 months ago are irrelevant, I see this as > a > > > > > > 2nd stage B/O from the pivot of 20 set in Jan, which was exceeded > in > > > > > > > > > > April after a sloppy C&H. A drop from 26 to 12 is too steep for a > > > > > > C&H anyway, it's a double bottom if you believe a formation can > take > > > > > > > > > > 70+ weeks to develop, which I don't... > > > > > > > > > > > > On 09:07 AM 6/4/01, Eric Jaenike Said: > > > > > > >I tend to agree with the assertion that the c & h > > > > > > >started in late Dec. 1999, handle starting May 2001, > > > > > > >so base is quite long. > > > > > > >Eric > > > > > > >--- Tim Fisher wrote: > > > > > > > > I liked it, BOT early when the vol went nuts. So far > > > > > > > > so good, shorter base > > > > > > > > than I would like, but too many trains have been leaving the > > > > > > > > station without me lately! > > > > > > > > > > > > > > > > On 08:14 AM 6/4/01, Steven Limbert Said: > > > > > > > > > > > > > > > > >Hello All, > > > > > > > > > > > > > > > > > >CPRT is making a run for it, any comments? > > > > > > > > > > > > > > > > > > > > > > > > > > >Thanks > > > > > > > > >SL > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > >_________________________________________________________________ > > > > > > > > >Get your FREE download of MSN Explorer at > > > > > > > > http://explorer.msn.com > > > > > > > > > > > > > > > > > > > > > > > > > > >- > > > > > > > > >-To subscribe/unsubscribe, email > > > > > > > > "majordomo@xmission.com" > > > > > > > > >-In the email body, write "subscribe canslim" > or -"unsubscribe > > > > > > > > >canslim". Do not use quotes in your > > > > > > > > email. > > > > > > > > > > > > > > > > Tim Fisher > > > > > > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > > > > > > > > > > > Tim@OreRockOn.com > > > > > > > > WWW: http://OreRockOn.com > > > > > > > > See naked fish and rocks! > > > > > > > > > > > > > > > > > > > > > > > > - > > > > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > > > > -In the email body, write "subscribe canslim" or > > > > > > > > -"unsubscribe canslim". Do not use quotes in your > > > > > > >email. > > > > > > > > > > > > > > > > > > > > >__________________________________________________ > > > > > > >Do You Yahoo!? > > > > > > >Get personalized email addresses from Yahoo! Mail - only $35 a > > > > > > >year! http://personal.mail.yahoo.com/ > > > > > > > > > > > > > >- > > > > > > >-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > > > > >email body, write "subscribe canslim" or -"unsubscribe canslim". > > > > > > >Do not use quotes in your email. > > > > > > > > > > > > Tim Fisher > > > > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > > > > > > > Tim@OreRockOn.com > > > > > > WWW: http://OreRockOn.com > > > > > > See naked fish and rocks! > > > > > > > > > > > > > > > > > > - > > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > > > > email body, write "subscribe canslim" or -"unsubscribe canslim". > Do > > > > > > > > > > not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or -"unsubscribe > > > > > canslim". Do not use quotes in your email. > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - - - -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: Tue, 5 Jun 2001 20:25:16 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] mss-deal This is a multi-part message in MIME format. - ------=_NextPart_000_0023_01C0EDFD.A1CC3F40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable musta had a crystal ball. Seen it lately? :) DanF ----- Original Message -----=20 From: Doug Shannon=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, June 05, 2001 4:18 PM Subject: RE: [CANSLIM] mss-deal Fundies look good but group RS is only average with a C ranking and = the 50 day is still below the 200 day MA. I see it as a double bottom = base that couldn't surpass the middle of the W at 27.13. I guess you = could also consider it to be a cup w/ handle starting on 1/26 and = forming a handle starting 5/11 and broke out on 5/23 only to fail today. = Crashing thru the 50 day MA on very fast trade - one of WON's sell = rules. I would leave it alone. Doug -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of BIKEAR@aol.com Sent: Tuesday, June 05, 2001 3:18 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] mss-deal what is the deal with mss and would if be too crazy to buy into this = stock...everything looks good=20 - ------=_NextPart_000_0023_01C0EDFD.A1CC3F40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
musta had a crystal ball. Seen it lately? = :)
 
DanF
----- Original Message -----
From:=20 Doug=20 Shannon
Sent: Tuesday, June 05, 2001 = 4:18=20 PM
Subject: RE: [CANSLIM] = mss-deal

Fundies look good but group RS is only average with a C = ranking and the=20 50 day is still below the 200 day MA.  I see it as a double = bottom base=20 that couldn't surpass the middle of the W at 27.13.  I guess you = could=20 also consider it to be a cup w/ handle starting on 1/26 and forming a = handle=20 starting 5/11 and broke out on 5/23 only to fail today.  Crashing = thru=20 the 50 day MA on very fast trade - one of WON's sell rules.  I = would=20 leave it alone.
 
Doug
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 BIKEAR@aol.com
Sent: Tuesday, June 05, 2001 3:18=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 mss-deal

what is=20 the deal with mss and would if be too crazy to buy into this=20
stock...everything looks good=20
- ------=_NextPart_000_0023_01C0EDFD.A1CC3F40-- - - - -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: Tue, 5 Jun 2001 20:27:49 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ENTG This is a multi-part message in MIME format. - ------=_NextPart_000_0079_01C0EDFD.FD984EE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I agree that this one has some potential as a CANSLIM stock. But I also = see some serious flaws. First, earnings forecast for 2001 is for 76 cents, up only 9%. And for = 2002, it is for 67 cents, a decline of 12%. Offsetting this is that thru = the first 2 qtrs, it reported 51 cents, so well ahead of the forecast. = Note also it has a non-standard fiscal year ending August. Next, note that the EPS ranking is as high as it is because it has had = some easy quarterly comparisons. The Y2Y comparisons could begin to = decline with the current qtr. ROE is good at 23%, and cash flow also good. Third thing I noticed is that of the 68.6 million share issue, = management owns 17%. Subtracting this from the issue, and comparing to = the float reported by DGO of 37 million (which could be wrong, wouldn't = be the first time) gives a difference of nearly 20 million shares = unaccounted for. I would want to check these figures and make sure that = there is not such a large block potentially sitting in the hands of = institutionals ready to sell on this run up. Chartwise, because of the sharp drop last July/August, I view this more = as a double bottom than a year long cup. If taken as a cup, then it has = yet to form a handle. If taken as a dbl bottom, then it is well extended = and needs to consolidate. The one week base a week ago did not serve = that purpose even tho volume declined. The price gains on volume today = and yesterday only increase the extension and probability of a = correction. Last but not least, the current price means it is less likely to attract = institutional support, altho funds do own 7% so it is known to them. =20 Bottom line, looks to me like it has potential for watching, but I would = not enter here. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: BIKEAR@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, June 05, 2001 7:37 PM Subject: Re: [CANSLIM] ENTG eps-84,rs-93,smr-a,a/d-a,rs-a....the bad that I see is that the 3 year = sales=20 rate is 14% and the earning rate is 80%....I think that it is high = risk=20 because it is about 40% from the 50ma,,,It looks like it is the right = side of=20 a very long cup so will the handle form? jan hope to hear=20 - ------=_NextPart_000_0079_01C0EDFD.FD984EE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I agree that this one has some potential as a = CANSLIM stock.=20 But I also see some serious flaws.
 
First, earnings forecast for 2001 is for 76 cents, = up only 9%.=20 And for 2002, it is for 67 cents, a decline of 12%. Offsetting this is = that thru=20 the first 2 qtrs, it reported 51 cents, so well ahead of the forecast. = Note also=20 it has a non-standard fiscal year ending August.
 
Next, note that the EPS ranking is as high as it is = because it=20 has had some easy quarterly comparisons. The Y2Y comparisons could begin = to=20 decline with the current qtr.
 
ROE is good at 23%, and cash flow also = good.
 
Third thing I noticed is that of the 68.6 million = share issue,=20 management owns 17%. Subtracting this from the issue, and comparing to = the float=20 reported by DGO of 37 million (which could be wrong, wouldn't be the = first time)=20 gives a difference of nearly 20 million shares unaccounted for. I would = want to=20 check these figures and make sure that there is not such a large block=20 potentially sitting in the hands of institutionals ready to sell on this = run=20 up.
 
Chartwise, because of the sharp drop last = July/August, I view=20 this more as a double bottom than a year long cup. If taken as a cup, = then it=20 has yet to form a handle. If taken as a dbl bottom, then it is well = extended and=20 needs to consolidate. The one week base a week ago did not serve that = purpose=20 even tho volume declined. The price gains on volume today and yesterday = only=20 increase the extension and probability of a correction.
 
Last but not least, the current price means it is = less likely=20 to attract institutional support, altho funds do own 7% so it is known = to=20 them. 
 
Bottom line, looks to me like it has potential for = watching,=20 but I would not enter here.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 BIKEAR@aol.com
To: canslim@lists.xmission.com =
Sent: Tuesday, June 05, 2001 = 7:37=20 PM
Subject: Re: [CANSLIM] = ENTG

eps-84,rs-93,smr-a,a/d-a,rs-a....the bad that I see is that = the 3 year=20 sales
rate is 14% and the earning rate is 80%....I think that it = is high=20 risk
because it is about 40% from the 50ma,,,It looks like it is = the right=20 side of
a very long cup so will the handle form? jan hope to = hear=20 - ------=_NextPart_000_0079_01C0EDFD.FD984EE0-- - - - -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: Tue, 5 Jun 2001 20:32:46 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] UNT This is a multi-part message in MIME format. - ------=_NextPart_000_003B_01C0EDFE.AE61E060 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I know many of us see things in charts that others don't, but I don't = see a double bottom and the stock broke out from an erratic cup = formation. DanF ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, June 05, 2001 4:21 PM Subject: [CANSLIM] UNT UNT 78/90 BAB, looks good to me, noted it in today's IBD stocks in the = news=20 page A14. Not sure on the chart for this one no real definite = formation, but=20 looks like a double bottom.=20 Chris=20 - ------=_NextPart_000_003B_01C0EDFE.AE61E060 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I know many of us see things in charts that others = don't, but=20 I don't see a double bottom and the stock broke out from an erratic cup=20 formation.
 
DanF
----- Original Message -----
From:=20 Vanchee1@aol.com=20
Sent: Tuesday, June 05, 2001 = 4:21=20 PM
Subject: [CANSLIM] UNT

UNT 78/90 = BAB, looks=20 good to me, noted it in today's IBD stocks in the news
page A14. = Not sure=20 on the chart for this one no real definite formation, but
looks = like a=20 double bottom.

Chris - ------=_NextPart_000_003B_01C0EDFE.AE61E060-- - - - -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: Tue, 5 Jun 2001 19:10:32 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] BRL-an example of an faulty base? I am the wrong guy to give you examples on faulty bases, Doug. I just don't get that scientific or mathematical about it. When I look at a flat base, my evaluation is more on the order of "Hot damn, look at that tight base". Or if it's a cup and handle, it might be "nice cup formation, handle declining slightly on a tight trading range, volume dropping, this baby's ready to rock and roll". DGO charts show up volume days in blue, down in pink, so it's very easy to visualize both the price graph and the volume graph. What I do use is the Up/Down ratio, and when I am monitoring a stock for awhile, I try to check this daily to measure its trend. This gives me my best grasp on accumulation vs distribution. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Doug Shannon To: Sent: Tuesday, June 05, 2001 1:46 PM Subject: RE: [CANSLIM] BRL-an example of an faulty base? Thanks Tom. Could you give me a couple of examples of stocks that have faulty bases? Thanks, Doug - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Tuesday, June 05, 2001 12:43 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] BRL-an example of an faulty base? Hi Doug, It's just my interpretation of WON's teachings and what I was taught, but I treat the c&h formation as in four parts: left rim to bottom, bottom, bottom to right rim, handle. When I look at up days/volume vs down days/volume, I look at each segment differently. I expect the left side to have more down days, likewise the bottom. Towards the end of the bottom, I expect the down days to become less significant (e.g. less volume than on up days). On the right side, I expect more up days. Once in the handle, I tend to expect a mixture of up and down days, but am biased more towards those handles that are mostly minor up days and maintain a tight price range. I don't try to add up all the down days vs up days for the entire formation. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Doug Shannon To: Sent: Tuesday, June 05, 2001 12:23 PM Subject: RE: [CANSLIM] BRL-an example of an faulty base? Maybe you guys can set me straight. Here was my thinking. I viewed the price action from 2/5 on as a cup formation which as of yet has not formed a handle. The price action is relatively tight. 3/22 was a down day on higher volume but the close was near the high, a good sign. Volume picks up on the right side of the base, another good sign. RS is at a new high. However, I remember WON saying that you want at least as many up days or weeks (depending upon which chart you are analyzing) on higher volume as you have down days or weeks on higher volume. Counting each down day on higher volume since 2/5 I get 24. Counting each up day on higher volume I get 20. Looking at the weekly charts there are 7 down weeks on higher vol. and 3 up weeks on higher volume. Therefore, since there seems to be more distribution than accumulation you have a faulty base even though it has a fairly nice tight shape to it. For this exercise I am ignoring the fact that the 50 MA is below the 200 MA and earnings and sales over the last 4 quarters have been only 19%,15%,6%,14% far below its growth rate of 54%. Although, it does have a great earnings est. of 139% for '02. Please let me know where I am going wrong in my analysis or interpretation of WON's statements. Thanks, Doug - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Tuesday, June 05, 2001 10:44 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] BRL-an example of an faulty base? Doug, Not sure how you are defining "base". My best guess is that you are looking at the cup that started 1st week of Feb, and is just now reaching what will hopefully become the right rim, even with the left. Otherwise, the stock is pure momentum. I see the fall from grace (left side of the cup) well marked by heavy selling and price declines. I also see heavy volume periodically in the bottom of the cup, but with the price remaining stable, suggesting institutional support at that level. I see light volume, but consistently more up days than down, on the right side of the cup. And most of the down day's volume was less than the up days. I presume the stock declined so much because of the 1% earnings growth forecasted for this year (ending June). I also presume recovery has been aided by strong group action (Medical - Generic Drugs, GRS 88) as well as the forecast of earnings growth of 139% for next year (starting in 3 weeks). So, guess I can't answer the question, because I don't see a "faulty base". Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Doug Shannon To: Canslim@Lists. Xmission. Com Sent: Tuesday, June 05, 2001 10:31 AM Subject: [CANSLIM] BRL-an example of an faulty base? Would BRL be an example of a faulty base because is contains more down days and weeks on higher volume than up days and weeks on higher volume? Thanks, Doug - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 19:36:52 -0500 From: "Norman" Subject: Re: [CANSLIM] mss-deal - news release This is a multi-part message in MIME format. - ------=_NextPart_000_0153_01C0EDF6.DEB697E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable From a Dow Jones Newswires news release: NEW YORK (Dow Jones)--Measurement Specialties Inc.'s (MSS, news, msgs) = fourth quarter earnings, reported late Monday, beat Wall Street's = consensus estimate - yet Tuesday, the company's stock fell 20%.=20 What spooked investors?=20 The company, which makes electronic sensors and consumer products, = reported unusually high customer-funded research and development costs = for the fourth quarter, along with inventory levels more than three = times higher than year-ago figures.=20 Sidoti & Co. analyst John Franzreb blamed those items for the sell-off, = which was punctuated by five block trades of up to 50,000 shares each.=20 Measurement Specialties' Chief Executive Joseph Mallon said he's not = concerned about his company's inventory levels, which stood at $31.9 = million as of March 31 compared with $9.1 million the same time last = year.=20 "We've done a series of acquisitions, and in doing so, we moved the = (company's) operations to China," Mallon told Dow Jones Newswires. "We = built inventory ahead of doing that."=20 The spike in inventories, however, alarmed Sidoti's Franzreb, who said = it may reflect weakness in Measurement Specialties' Park-Zone product = line. Those products help people park cars in garages by sensing how far = the car is from the garage wall. Franzreb did attribute some of the = inventory to the transfer of operations from the U.S. to China and the = company's acquisitions.=20 Mallon argued that the inventory build-up doesn't reflect poor sales in = certain product lines, and believes that "generally business is quite = good across the board."=20 norm ----- Original Message -----=20 From: Doug Shannon=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, June 05, 2001 3:18 PM Subject: RE: [CANSLIM] mss-deal Fundies look good but group RS is only average with a C ranking and = the 50 day is still below the 200 day MA. I see it as a double bottom = base that couldn't surpass the middle of the W at 27.13. I guess you = could also consider it to be a cup w/ handle starting on 1/26 and = forming a handle starting 5/11 and broke out on 5/23 only to fail today. = Crashing thru the 50 day MA on very fast trade - one of WON's sell = rules. I would leave it alone. Doug -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of BIKEAR@aol.com Sent: Tuesday, June 05, 2001 3:18 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] mss-deal what is the deal with mss and would if be too crazy to buy into this = stock...everything looks good=20 - ------=_NextPart_000_0153_01C0EDF6.DEB697E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
From a Dow Jones Newswires news release:
 

NEW YORK (Dow Jones)--Measurement Specialties Inc.'s (MSS,= news, = msgs) fourth=20 quarter earnings, reported late Monday, beat Wall Street's consensus = estimate -=20 yet Tuesday, the company's stock fell 20%.

What spooked investors?

The company, which makes electronic sensors and consumer products, = reported=20 unusually high customer-funded research and development costs for the = fourth=20 quarter, along with inventory levels more than three times higher than = year-ago=20 figures.

Sidoti & Co. analyst John Franzreb blamed those items for the = sell-off,=20 which was punctuated by five block trades of up to 50,000 shares each. =

Measurement Specialties' Chief Executive Joseph Mallon said he's not=20 concerned about his company's inventory levels, which stood at $31.9 = million as=20 of March 31 compared with $9.1 million the same time last year.

"We've done a series of acquisitions, and in doing so, we moved the=20 (company's) operations to China," Mallon told Dow Jones Newswires. "We = built=20 inventory ahead of doing that."

The spike in inventories, however, alarmed Sidoti's Franzreb, who = said it may=20 reflect weakness in Measurement Specialties' Park-Zone product line. = Those=20 products help people park cars in garages by sensing how far the car is = from the=20 garage wall. Franzreb did attribute some of the inventory to the = transfer of=20 operations from the U.S. to China and the company's acquisitions.

Mallon argued that the inventory build-up doesn't reflect poor sales = in=20 certain product lines, and believes that "generally business is quite = good=20 across the board."

norm

----- Original Message -----
From:=20 Doug=20 Shannon
Sent: Tuesday, June 05, 2001 = 3:18=20 PM
Subject: RE: [CANSLIM] = mss-deal

Fundies look good but group RS is only average with a C = ranking and the=20 50 day is still below the 200 day MA.  I see it as a double = bottom base=20 that couldn't surpass the middle of the W at 27.13.  I guess you = could=20 also consider it to be a cup w/ handle starting on 1/26 and forming a = handle=20 starting 5/11 and broke out on 5/23 only to fail today.  Crashing = thru=20 the 50 day MA on very fast trade - one of WON's sell rules.  I = would=20 leave it alone.
 
Doug
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 BIKEAR@aol.com
Sent: Tuesday, June 05, 2001 3:18=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 mss-deal

what is=20 the deal with mss and would if be too crazy to buy into this=20
stock...everything looks good=20
- ------=_NextPart_000_0153_01C0EDF6.DEB697E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1438 ****************************** 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.