From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1727 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 Thursday, October 11 2001 Volume 02 : Number 1727 In this issue: Re: [CANSLIM] CECO Re: [CANSLIM] BVF Re: [CANSLIM] CECO Re: [CANSLIM] Tuition Re: [CANSLIM] AHMH Re: [CANSLIM] CPRT, BRO Re: [CANSLIM] Current Holdings Re: [CANSLIM] Tuition ---------------------------------------------------------------------- Date: Thu, 11 Oct 2001 16:03:50 -0600 From: esetser Subject: Re: [CANSLIM] CECO I think you bring up some valid concerns on this one, and I would agree with those concerns. I would also be concerned about the chart, with the last few days not really looking like the handle you would hope for. I think there are stronger candidates out there overall. At 11:48 AM 10/11/01 -0400, you wrote: > I have been eyeing this one.... Ranked second behind APOL on >investors.com stock checkup. Nice annual earnings growth. Is >this enough to encourage someone to stay away? It did just have a stock >split which the Wade Cook Disciples should love!! - - - -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: Thu, 11 Oct 2001 18:44:51 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] BVF This is a multi-part message in MIME format. - ------=_NextPart_000_0009_01C15284.D0047BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable No argument, Patrick, I just take a more conservative view since I have = seen many stocks that did not correct so severely, or correct at all. You can also turn this around from your argument and say you were not = buying an extended stock if you bought one of the defense stocks that = gapped up 40-50% when we resumed trading. It was the same news event = that broke many of them out of a downtrend or a prior base. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Thursday, October 11, 2001 10:19 AM Subject: Re: [CANSLIM] BVF On 10 Oct 01, at 21:20, Tom Worley wrote: > On BVF, however, I did not consider the base that occurred prior > to the 9/11 attacks since the stock corrected so deeply. I only > look at the period since then as a result, and see no basing > formation whatsoever, just a stock that has moved ten points in > three weeks. That's extended, without a base to support it, in my > book.=20 I don't know what the correct answer is, but BVF only corrected=20 with the market during an extremely severe, news induced general=20 market sell off, that is, the BVF sell off was not related to any news = on the company, and it has quickly returned to the level of the base=20 that formed in August, so I think you could make a good case that=20 it formed a solid base between 44 and 48, with a short lived,=20 market induced dip out of that range and an immediate recovery=20 back to the level of the base. So I guess I would argue the base=20 remained in tact, and it did have something of a breakout. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0009_01C15284.D0047BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
No argument, Patrick, I just take a more = conservative view=20 since I have seen many stocks that did not correct so severely, or = correct at=20 all.
 
You can also turn this around from your argument and = say you=20 were not buying an extended stock if you bought one of the defense = stocks that=20 gapped up 40-50% when we resumed trading. It was the same news event = that broke=20 many of them out of a downtrend or a prior base.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Patrick = Wahl=20
To: canslim@lists.xmission.com =
Sent: Thursday, October 11, = 2001 10:19=20 AM
Subject: Re: [CANSLIM] = BVF



On 10 Oct 01, at 21:20, Tom Worley=20 wrote:


> On BVF, however, I did not consider the base = that=20 occurred prior
> to the 9/11 attacks since the stock corrected = so=20 deeply. I only
> look at the period since then as a result, and = see no=20 basing
> formation whatsoever, just a stock that has moved ten = points=20 in
> three weeks. That's extended, without a base to support it, = in=20 my
> book.

I don't know what the correct answer is, but = BVF only=20 corrected
with the market during an extremely severe, news induced = general=20
market sell off, that is, the BVF sell off was not related to any = news=20
on the company, and it has quickly returned to the level of the = base=20
that formed in August, so I think you could make a good case that =
it=20 formed a solid base between 44 and 48, with a short lived,
market = induced=20 dip out of that range and an immediate recovery
back to the level = of the=20 base.  So I guess I would argue the base
remained in tact, = and it did=20 have something of a breakout.

-
-To subscribe/unsubscribe, = email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0009_01C15284.D0047BC0-- - - - -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: Thu, 11 Oct 2001 18:57:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CECO This is a multi-part message in MIME format. - ------=_NextPart_000_0038_01C15286.8648D560 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nice cup formed, altho volume on right side well below that of the left = side. Handle forming, volume drying up. Up/down ratio of 0.7 is about = what I would expect as the volume drys up. No one mentioned funds already own 30% of the float, and the float is = nearly equal to the issue as management only has a 3% stake. Both of = those details would scare me off faster than the GRS of 71. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: esetser=20 To: canslim@lists.xmission.com=20 Sent: Thursday, October 11, 2001 6:03 PM Subject: Re: [CANSLIM] CECO I think you bring up some valid concerns on this one, and I would = agree with those concerns. I would also be concerned about the chart, with = the last few days not really looking like the handle you would hope for. = I think there are stronger candidates out there overall. At 11:48 AM 10/11/01 -0400, you wrote: > I have been eyeing this one.... Ranked second behind APOL = on=20 >investors.com stock checkup. Nice annual earnings growth. = Is >this enough to encourage someone to stay away? It did just have a = stock >split which the Wade Cook Disciples should love!!=20 - ------=_NextPart_000_0038_01C15286.8648D560 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nice cup formed, altho volume on right side well = below that of=20 the left side. Handle forming, volume drying up. Up/down ratio of 0.7 is = about=20 what I would expect as the volume drys up.
 
No one mentioned funds already own 30% of the float, = and the=20 float is nearly equal to the issue as management only has a 3% stake. = Both of=20 those details would scare me off faster than the GRS of 71.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 esetser
To: canslim@lists.xmission.com =
Sent: Thursday, October 11, = 2001 6:03=20 PM
Subject: Re: [CANSLIM] = CECO

I think you bring up some valid concerns on this one, = and I=20 would agree
with those concerns.  I would also be concerned = about the=20 chart, with the
last few days not really looking like the handle = you would=20 hope for.  I
think there are stronger candidates out there=20 overall.

At 11:48 AM 10/11/01 -0400, you = wrote:
>   I=20 have been eyeing this = one....        Ranked=20 second behind APOL on
>investors.com stock=20 checkup.     Nice annual earnings =20 growth.       Is
>this = enough  to=20 encourage someone to stay away?   It did just have a=20 stock
>split which the Wade Cook Disciples  should love!!=20

- ------=_NextPart_000_0038_01C15286.8648D560-- - - - -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: Thu, 11 Oct 2001 19:04:09 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Tuition This is a multi-part message in MIME format. - ------=_NextPart_000_0051_01C15287.823D42C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Patrick, It markets property and casualty insurance to professional, commercial = and individual clients. I see a cup from 8/1 to 9/24, followed by a short handle for the rest of = that week and a b/o on 9/28 on double ADV. Presently I see it trying to = consolidate those gains. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Thursday, October 11, 2001 2:38 PM Subject: RE: [CANSLIM] Tuition I don't think I can offer any brilliant analysis. Without knowing=20 anything about the company, judging by its action after the market=20 reopened, I am assuming it is in a business that benefits from=20 actions the government or airlines have taken since the attacks=20 (security of some sort?). It formed a nice flag after the 3+ point=20 spike, that would have been a good short term trade. Right now it=20 looks extended and only suitable for someone interested in short=20 term trading, I don't see it forming any recognizable pattern at this=20 point. I think the fact that it is confusing is probably analysis=20 enough, stay away from it.... On 11 Oct 01, at 9:27, Tim Fisher wrote: > BRO also confuses me, I'd like to see some chart analysis if someone = has > the time... >=20 > |-----Original Message----- > |From: owner-canslim@lists.xmission.com=20 > |[mailto:owner-canslim@lists.xmission.com] On Behalf Of Charles=20 > |Cangialosi > |Sent: Thursday, October 11, 2001 12:19 PM > |To: Canslim > |Subject: [CANSLIM] Tuition > | > | > | > | I made another tuition payment today by getting stopped=20 > |out of EASI which has dropped like a stone since I got in. I=20 > |probably did the same on BVF but am still in that one. > | I found the article in IBD Investors Corner interesting=20 > |today. In IBD it states not to jump in if a stock is extended=20 > |5 to 10 percent. Of course the key here is to know where to=20 > |start counting that percent from. The hard part for me is to=20 > |figure out the entry point because I have trouble finding the=20 > |pivot point. I suspect I am not alone in this one. > | A few stocks were mentioned today CYTC looks excellent=20 > |if you consider the cup starting from a base at the end of=20 > |August till the present which would make the current position=20 > |look like a handle, the volume is begining to subside (I=20 > |think). OTOH it looks also like it already passed the 52 week=20 > |high which was on Oct 8 and could not proceed from there. This=20 > |is similar to what happened to me on EASI, that is not to say=20 > |CYTC wont work. I guess I am wanting to draw out some comments on = it. > | KKD confuses me as does BRO. > | It seems to me the key to this is to know where to=20 > |enter a trade. > | > |Charlie > | >=20 > Tim Fisher > OreRockOn - Oregon Rockhounds Online > Tim@OreRockOn.com > http://OreRockOn.com >=20 >=20 > - > -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. - ------=_NextPart_000_0051_01C15287.823D42C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Patrick,
 
It markets property and casualty insurance to = professional,=20 commercial and individual clients.
 
I see a cup from 8/1 to 9/24, followed by a short = handle for=20 the rest of that week and a b/o on 9/28 on double ADV. Presently I see = it trying=20 to consolidate those gains.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Patrick = Wahl=20
To: canslim@lists.xmission.com =
Sent: Thursday, October 11, = 2001 2:38=20 PM
Subject: RE: [CANSLIM] = Tuition

I don't think I can offer any brilliant analysis.  = Without=20 knowing
anything about the company, judging by its action after = the market=20
reopened, I am assuming it is in a business that benefits from =
actions=20 the government or airlines have taken since the attacks
(security = of some=20 sort?).  It formed a nice flag after the 3+ point
spike, that = would=20 have been a good short term trade.  Right now it
looks = extended and=20 only suitable for someone interested in short
term trading, I = don't see it=20 forming any recognizable pattern at this
point.  I think the = fact=20 that it is confusing is probably analysis
enough, stay away from=20 it....

On 11 Oct 01, at 9:27, Tim Fisher wrote:

> BRO = also=20 confuses me, I'd like to see some chart analysis if someone = has
> the=20 time...
>
> |-----Original Message-----
> |From: owner-canslim@lists.xmis= sion.com=20
> |[mailto:owner-canslim@lis= ts.xmission.com]=20 On Behalf Of Charles
> |Cangialosi
> |Sent: Thursday, = October 11,=20 2001 12:19 PM
> |To: Canslim
> |Subject: [CANSLIM] = Tuition
>=20 |
> |
> |
> | I made another tuition payment today = by=20 getting stopped
> |out of EASI which has dropped like a stone = since I=20 got in. I
> |probably did the same on BVF but am still in that=20 one.
> | I found the article in IBD Investors Corner interesting =
> |today. In IBD it states not to jump in if a stock is = extended=20
> |5 to 10 percent. Of course the key here is to know  = where to=20
> |start counting that percent from. The hard part for me is to =
> |figure out the entry point because I have trouble finding = the=20
> |pivot point. I suspect I am not alone in this one.
> | = A few=20 stocks were mentioned today CYTC looks excellent
> |if you = consider the=20 cup starting from a base at the end of
> |August till the = present which=20 would make the current position
> |look like a handle, the = volume is=20 begining to subside (I
> |think). OTOH it  looks also like = it=20 already passed the 52 week
> |high which was on Oct 8 and could = not=20 proceed from there. This
> |is similar to what happened to me = on EASI,=20 that is not to say
> |CYTC wont work. I guess I am wanting to = draw out=20 some comments on it.
> | KKD confuses me as does BRO.
> | = It seems=20 to me the key to this is to know where to
> |enter a = trade.
>=20 |
> |Charlie
> |
>
> Tim Fisher
> = OreRockOn -=20 Oregon Rockhounds Online
> Tim@OreRockOn.com
> http://OreRockOn.com
> =
>
>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your = email.



-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0051_01C15287.823D42C0-- - - - -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: Thu, 11 Oct 2001 19:17:18 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] AHMH This is a multi-part message in MIME format. - ------=_NextPart_000_0068_01C15289.586CB140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The biggest difference between stop orders on Naz stocks, and on listed = securities, is that the Naz orders are spread around 10 or 15 different = firms, and they cannot see each other's book, while the stop orders on a = listed security all flow to the same floor specialist, and they see all = of them. I recall some years ago that most of the brokers where I worked all = started throwing in stop loss orders on a NYSE stock. Since we were all = CANSLIMers back then, most of the orders were at or about the same stop = price (we were all looking at the same DG chart, and sharing opinions), = and all were then market orders once hit. In all, I entered 20 or more = orders in a matter of minutes for about 25,000 shares. Within a few minutes, nothing but sells were trading, and the bid = dropped quickly to our stop price. Immediately upon trading there, the = bid dropped nearly 3 points without a trade, all our orders were = executed there (which was the low of the day), and almost immediately = the bid moved back up those 3 points plus nearly another point, again = with virtually no trading. Quite clearly, the specialist saw the volume = of stop loss orders and pulled the rug out from under the bid to trigger = them and get cheap stock. He made a killing. That is one of the reasons I never use a stop loss on a listed security, = only a stop limit.=20 Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, October 11, 2001 12:04 PM Subject: Re: [CANSLIM] AHMH Tom:=20 What do you mean by "...slamming the bid" and "...to drive it = through=20 known stop loss orders"? jans In a message dated 10/10/2001 11:39:23 PM Eastern Daylight Time,=20 stkguru@netside.net writes: << Ann, recognize that there is a significant degree of paranoia among = investors regarding MM (market makers) on the NASDAQ. But in reality = there is=20 little difference between MM on Naz, and the floor specialist on NYSE = or=20 AMEX, except that the floor specialist can see all orders. With the = influx of=20 day traders with Level Two machines, visibility is no longer as major = an=20 issue.=20 =20 All a market maker really is is a day trader. He's trying to make = money for=20 his firm playing the spread, and the momentum. That's his job, and = it's=20 important he not be caught on the wrong side of momentum. While it is=20 certainly possible for a MM to manipulate the market, especially on = thinly=20 traded issues, it's generally not that easy as one MM is in direct=20 competition with other MMers, as well as sizable day traders. The = reality is=20 that many MMers are looking at the same information and data, and = respond=20 similarly. Thus, it is not unusual for a collective group of MMers to = drive=20 the price lower, all because they are playing the same negative = momentum=20 lower. Market makers do not necessarily want to end the day with = inventory.=20 More often then want to finish out the day flat on inventory, and able = to=20 calculate their daily gains or losses accordingly. Since market makers = must=20 mark to market any long or short position, it is far more advantageous = to=20 only be in cash at the end of the day. =20 Certainly, I have seen indirect evidence of a MMer slamming the bid = to drive=20 it thru some known stop loss orders. On the other hand, no one MMer = knows=20 what another is prepared to do. Accumulation at any price is almost = always=20 good, as it creates support at that price. But that is only a = temporary=20 support, good only so long as the buyer is willing to take in shares. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0068_01C15289.586CB140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
The biggest difference between stop orders on Naz = stocks, and=20 on listed securities, is that the Naz orders are spread around 10 or 15=20 different firms, and they cannot see each other's book, while the stop = orders on=20 a listed security all flow to the same floor specialist, and they see = all of=20 them.
 
I recall some years ago that most of the brokers = where I=20 worked all started throwing in stop loss orders on a NYSE stock. Since = we were=20 all CANSLIMers back then, most of the orders were at or about the same = stop=20 price (we were all looking at the same DG chart, and sharing opinions), = and all=20 were then market orders once hit. In all, I entered 20 or more orders in = a=20 matter of minutes for about 25,000 shares.
 
Within a few minutes, nothing but sells were = trading, and the=20 bid dropped quickly to our stop price. Immediately upon trading there, = the bid=20 dropped nearly 3 points without a trade, all our orders were executed = there=20 (which was the low of the day), and almost immediately the bid moved = back up=20 those 3 points plus nearly another point, again with virtually no = trading. Quite=20 clearly, the specialist saw the volume of stop loss orders and pulled = the rug=20 out from under the bid to trigger them and get cheap stock. He made a=20 killing.
 
That is one of the reasons I never use a stop loss = on a listed=20 security, only a stop limit.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Spencer48@aol.com
To: canslim@lists.xmission.com =
Sent: Thursday, October 11, = 2001 12:04=20 PM
Subject: Re: [CANSLIM] = AHMH

Tom:

     What do you mean = by=20 "...slamming the bid" and "...to drive it through
known stop loss=20 orders"?

jans


In a message dated 10/10/2001 11:39:23 = PM=20 Eastern Daylight Time,
stkguru@netside.net=20 writes:

<< Ann, recognize that there is a significant = degree of=20 paranoia among
investors regarding MM (market makers) on the = NASDAQ. But=20 in reality there is
little difference between MM on Naz, and the = floor=20 specialist on NYSE or
AMEX, except that the floor specialist can = see all=20 orders. With the influx of
day traders with Level Two machines, = visibility=20 is no longer as major an
issue.
 
 All a market = maker=20 really is is a day trader. He's trying to make money for
his firm = playing=20 the spread, and the momentum. That's his job, and it's
important = he not be=20 caught on the wrong side of momentum. While it is
certainly = possible for a=20 MM to manipulate the market, especially on thinly
traded issues, = it's=20 generally not that easy as one MM is in direct
competition with = other=20 MMers, as well as sizable day traders. The reality is
that many = MMers are=20 looking at the same information and data, and respond
similarly. = Thus, it=20 is not unusual for a collective group of MMers to drive
the price = lower,=20 all because they are playing the same negative momentum
lower. = Market=20 makers do not necessarily want to end the day with inventory.
More = often=20 then want to finish out the day flat on inventory, and able to =
calculate=20 their daily gains or losses accordingly. Since market makers must =
mark to=20 market any long or short position, it is far more advantageous to =
only be=20 in cash at the end of the day.
 
 Certainly, I have = seen=20 indirect evidence of a MMer slamming the bid to drive
it thru some = known=20 stop loss orders. On the other hand, no one MMer knows
what = another is=20 prepared to do. Accumulation at any price is almost always
good, = as it=20 creates support at that price. But that is only a temporary =
support, good=20 only so long as the buyer is willing to take in shares.
 =20 >>

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0068_01C15289.586CB140-- - - - -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: Thu, 11 Oct 2001 19:19:49 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CPRT, BRO This is a multi-part message in MIME format. - ------=_NextPart_000_0072_01C15289.B2739140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable CPRT gapped up, did good volume, then closed in the low end of the day's = range. Lacks conviction, to me, that the b/o will hold. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Tim Fisher=20 To: Canslim=20 Sent: Thursday, October 11, 2001 11:10 AM Subject: [CANSLIM] CPRT, BRO I'm surprised no one is mentioning the CPRT breakout from the high handle/flag/whatever today. Great volume, legit B/O from a somewhat questionable base. Also watching BRO today, they surprise announced (said they would do it after the market closed and then did it at 10AM NYT). =20 Tim Fisher OreRockOn - Oregon Rockhounds Online Tim@OreRockOn.com http://OreRockOn.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. - ------=_NextPart_000_0072_01C15289.B2739140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
CPRT gapped up, did good volume, then closed in the = low end of=20 the day's range. Lacks conviction, to me, that the b/o will = hold.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Tim = Fisher=20
To: Canslim
Sent: Thursday, October 11, = 2001 11:10=20 AM
Subject: [CANSLIM] CPRT, = BRO

I'm surprised no one is mentioning the CPRT breakout = from the=20 high
handle/flag/whatever today. Great volume, legit B/O from a=20 somewhat
questionable base. Also watching BRO today, they surprise=20 announced
(said they would do it after the market closed and then = did it at=20 10AM
NYT). 

Tim Fisher
OreRockOn - Oregon = Rockhounds=20 Online
Tim@OreRockOn.com
http://OreRockOn.com



--To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0072_01C15289.B2739140-- - - - -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: Thu, 11 Oct 2001 19:25:14 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Current Holdings This is a multi-part message in MIME format. - ------=_NextPart_000_0085_01C1528A.743242E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable KDE has substantial declines in both earnings and sales for three = quarters now, and the EPS of 50 reflects that. I would not consider that = a good candidate. Rest all look interesting. Earnings expected to = decline 58% this year. Only one I know is KRSL, got it in my VR fund, now up 16%. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, October 11, 2001 5:39 PM Subject: [CANSLIM] Current Holdings For those of you that might be interested in one canslimish type = investor's holdings, (I say canslimish because as you can see some do = not meet the canslim criteria).=20 MYL 90/92 AAB (many new generic drugs hitting shelves soon)=20 RMCI 89/99 CAA (should do well with many companies laying off = personnel)=20 FTO 80/99 AAA (Check out those earning and PE)=20 VLO 80/71 AAE (ditto as above)=20 KDE 50/93 BBE (many new products hitting stores soon)=20 KRSL ??/?? ( This is one very thin puppy, I should be running from = this one??)=20 Also watching SRZ, and just watching it get away).=20 Chris=20 - ------=_NextPart_000_0085_01C1528A.743242E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
KDE has substantial declines in both earnings and = sales for=20 three quarters now, and the EPS of 50 reflects that. I would not = consider that a=20 good candidate. Rest all look interesting. Earnings expected to decline = 58% this=20 year.
 
Only one I know is KRSL, got it in my VR fund, now = up=20 16%.
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Vanchee1@aol.com=20
To: canslim@lists.xmission.com =
Sent: Thursday, October 11, = 2001 5:39=20 PM
Subject: [CANSLIM] Current = Holdings

For those = of you that=20 might be interested in one canslimish type investor's holdings, (I say = canslimish because as you can see some do not meet the canslim = criteria).=20

MYL 90/92 AAB (many new generic drugs hitting shelves soon)=20

RMCI 89/99 CAA (should do well with many companies laying off=20 personnel)

FTO 80/99 AAA (Check out those earning and PE) =

VLO=20 80/71 AAE (ditto as above)

KDE 50/93 BBE (many new products = hitting=20 stores soon)

KRSL ??/?? ( This is one very thin puppy, I = should be=20 running from this one??)

Also watching SRZ, and just watching = it get=20 away).

Chris - ------=_NextPart_000_0085_01C1528A.743242E0-- - - - -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: Thu, 11 Oct 2001 17:38:26 -0600 From: esetser Subject: Re: [CANSLIM] Tuition Here's my take on these stocks, hopefully from a CANSLIM perspective. Maybe my pivots will be helpful: EASI - Came out of a 6 week cup base on 9/21. (Note that WON recommends a minimum of 7-8 weeks, so this was a little short.) For cup bases, I use 13 cents above the previous high, so I would have set the pivot at 47.34. I also try to never buy more than 5% from the pivot, so my maximum entry price would have been 49.71. Given an entry at the highest price, the 8% sell price would have been 45.73, so I would have been forced to sell almost immediately. A better entry at the pivot would have given you more room, and you could have held until today's carnage. Either way, it is likely this one would have kicked you out. BVF - (Note, I also bot this one.) This one came out of a 10 week cup base, or maybe a cup with short handle. Either way I made the pivot at 48.58. The breakout was questionable due to only a 30% or so volume increase. I decided this was acceptable based on the psuedo-holiday status of Monday. Since then, the stock pulled back below the pivot on heavy volume on Tuesday, but has moved up with the market the last two days, and is holding above the pivot at this point. This one could go either way (duh!!), but I have seen quite a few stocks stall within a few percent of the pivot. If it can hold that level over a few days, I have seen many of these jump higher a few days or weeks later, so time will tell. I'm hanging in there for now. CYTC - I think I've addressed this with other posts, but this seems to be a good example of a "high handle". This is a situation where the stock moves above the 52 week high, but pulls back into a handle formation almost immediately. I make the pivot at 29.06. KKD - This one could me considered either a cup (pivot at 43.63) or a cup with a very short 3 day handle (pivot 36.38). In the cup with handle case, the stock has broken the pivot, but the volume increase is suspect so far, so I would be careful with this one. The handle is also pretty low in the overall cup, and that increases the odds of failure. Overall, I would rather see another handle form further up the cup and the breakout with higher volume before I get interested. BRO - I considered BRO an 8 week cup with a pivot at 50.82. I didn't buy it since I was waiting further confirmation of the bottom, but it has moved on up nicely. I consider it extended at this point (over 5% above the pivot). I would guess others here would have slightly different views on some of these, but maybe this will give you an idea of what you should be looking for. At 12:18 PM 10/11/01 -0700, you wrote: > > I made another tuition payment today by getting stopped out of EASI which >has dropped like a stone since I got in. I probably did the same on BVF but >am still in that one. > I found the article in IBD Investors Corner interesting today. In IBD it >states not to jump in if a stock is extended 5 to 10 percent. Of course the >key here is to know where to start counting that percent from. The hard >part for me is to figure out the entry point because I have trouble finding >the pivot point. I suspect I am not alone in this one. > A few stocks were mentioned today CYTC looks excellent if you consider the >cup starting from a base at the end of August till the present which would >make the current position look like a handle, the volume is begining to >subside (I think). OTOH it looks also like it already passed the 52 week >high which was on Oct 8 and could not proceed from there. This is similar to >what happened to me on EASI, that is not to say CYTC wont work. I guess I am >wanting to draw out some comments on it. > KKD confuses me as does BRO. > It seems to me the key to this is to know where to enter a trade. > >Charlie > > > >- >-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. ------------------------------ End of canslim-digest V2 #1727 ****************************** 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.