From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1817 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 Wednesday, November 14 2001 Volume 02 : Number 1817 In this issue: Re: [CANSLIM] JEC Re: [CANSLIM] did you get a Jtrader advertisement [CANSLIM] CTEC Re: [CANSLIM] CTEC Re: [CANSLIM] B/O's Re: [CANSLIM] CTEC Re: [CANSLIM] JEC Re: [CANSLIM] B/O's Re: [CANSLIM] BVF Re: [CANSLIM] did you get a Jtrader advertisement Re: [CANSLIM] B/O's Re: [CANSLIM] MOVI - LLUR Re: [CANSLIM] BVF ---------------------------------------------------------------------- Date: Wed, 14 Nov 2001 20:17:11 -0500 From: "Ann" Subject: Re: [CANSLIM] JEC I'm wondering why the volume looks good. I would have thought that the volume on the RS of cup should be stronger. Ann can't look at the chart with my usual software right now, : but overall the volume patterns seem good too. : - - - -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, 15 Nov 2001 08:16:59 +0700 From: Peter Christiansen Subject: Re: [CANSLIM] did you get a Jtrader advertisement Received two. At 02:08 PM 11/14/2001 -0800, you wrote: >I just got spam from Warren >for J trader. Did you folks also get one? > >Kent Norman > >__________________________________________________ >Do You Yahoo!? >Find the one for you at Yahoo! Personals >http://personals.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. "The crowd has never thirsted for the truth" - Gustave LeBon - - - -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: Wed, 14 Nov 2001 19:32:31 -0600 From: "Norman" Subject: [CANSLIM] CTEC Anyone know why this one fell off the edge of the planet? Just profit takers? It did run up hard. Norm - - - -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: Wed, 14 Nov 2001 19:41:02 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] CTEC Norm, Take a look at the latest PE...96 and 3.8x the S&P. Just about every other medical in the same group getting the same treatment. Seems like the combination of "fully/overvalued" and "plenty of other places to put money to work" tell the tale. Doesn't help that they have a low ROE of 8% (even though that will increase if their earnings trend continues). Katherine kmalm@earthlink.net - ----- Original Message ----- From: "Norman" To: Sent: Wednesday, November 14, 2001 7:32 PM Subject: [CANSLIM] CTEC > Anyone know why this one fell off the edge of the planet? Just profit > takers? It did run up hard. > > Norm > > > - > -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: Wed, 14 Nov 2001 18:28:35 -0800 (PST) From: Fanus Subject: Re: [CANSLIM] B/O's Traditional indicators are just it. Indicators. They do not determine market action. There are just as many bearish than bullish indicators rigt now. Depends on which ones you are looking. I rather have the market tell me what to do. After all I am not trading the indicators. - - Fanus - --- Charles Bentley wrote: > The only thing your missing is the fact that this is > not a recovery, > this is a rally by people who won't admit that the > economy is diving > into the pits. All the traditional indicators other > than the stock > market are telling us to dive into our foxholes. I'm > going short SPX. > Watch and see...... > > On 13 Nov 2001, at 22:22, Ian wrote: > > > This is a multi-part message in MIME format. > > > > ------=_NextPart_000_002D_01C16C91.A432E0A0 > > Content-Type: text/plain; > > charset="iso-8859-1" > > Content-Transfer-Encoding: quoted-printable > > > > I'm thinking RMCI will be a good short candidate > one of these days. It = > > should be counter-cyclical to the indexes. > > > > > > > > Actually, the whole area of CANSLIM breakouts > seems a bit baffling to me = > > right now. The NAZ is up almost 40% from its 9/21 > low, and the DOW and = > > S&P are moving up vertically too ... but ... I am > not seeing a lot of = > > bona fide $15+, new highs on increasing volume and > great fundamentals = > > breakouts happening. > > > > My marketocracy fund is up over 28% since Oct 1 - > but that is on the = > > backs of having bottom-fished companies with good > fundies that have = > > bounced (WVCM, TTIL, NEOG, ASW etc...), or sub $10 > breakouts (ELTE, = > > NMHC, QMDC etc...), or already-plateaued > quick-and-dirty breakouts = > > (NHHC, AMRN). > > > > Here we are more than 6 weeks into the rally and I > cannot find many = > > charts that I can confidently say are likely to > keep rising. What are = > > others finding? What am I missing? > > > > Ian > > > > > > > > ----- Original Message -----=20 > > From: Vanchee1@aol.com=20 > > To: canslim@lists.xmission.com=20 > > Sent: Tuesday, November 13, 2001 7:25 PM > > Subject: [CANSLIM] B/O's > > > > > > A few B/O's RMCI, GTY, APOG, ALLY=20 > > > > Chris.=20 > > > > ------=_NextPart_000_002D_01C16C91.A432E0A0 > > Content-Type: text/html; > > charset="iso-8859-1" > > Content-Transfer-Encoding: quoted-printable > > > > Transitional//EN"> > > > > = > > http-equiv=3DContent-Type> > > name=3DGENERATOR> > > > > > > > >
I'm thinking RMCI will be a > good short candidate one = > > of these=20 > > days. It should be counter-cyclical to the > indexes.
> >
 
> >
 
> >
 
> >
Actually, the whole area of > CANSLIM breakouts seems = > > a bit=20 > > baffling to me right now. The NAZ is up almost 40% > from its 9/21 low, = > > and the=20 > > DOW and S&P are moving up vertically too ... > but ... I am not seeing = > > a lot=20 > > of bona fide $15+, new highs on increasing volume > and great fundamentals = > > > > breakouts happening.
> >
 
> >
My marketocracy fund is up > over 28% since Oct 1 - = > > but that is=20 > > on the backs of having bottom-fished companies > with good fundies that = > > have=20 > > bounced (WVCM, TTIL, NEOG, ASW etc...), or sub $10 > breakouts (ELTE, = > > NMHC, QMDC=20 > > etc...), or already-plateaued quick-and-dirty > breakouts (NHHC,=20 > > AMRN).
> >
 
> >
Here we are more than 6 weeks > into the rally and I = > > cannot find=20 > > many charts that I can confidently say are likely > to keep rising. What = > > are=20 > > others finding? What am I missing?
> >
 
> >
Ian
> >
 
> >
 
> >
 
> >
----- Original Message -----
> > > style=3D"BORDER-LEFT: #000000 2px solid; > MARGIN-LEFT: 5px; MARGIN-RIGHT: = > > 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px"> > > > style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; > font-color: = > > black">From:=20 > > > title=3DVanchee1@aol.com>Vanchee1@aol.com=20 > > > >
To: > href=3D"mailto:canslim@lists.xmission.com"=20 > > > title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com > = > >
> >
Sent: > Tuesday, November 13, = > > 2001 7:25=20 > > PM
> >
Subject: > [CANSLIM] B/O's
> >

face=3Darial,helvetica>A few B/O's = > > RMCI, GTY,=20 > > APOG, ALLY

Chris. > > > > > ------=_NextPart_000_002D_01C16C91.A432E0A0-- > > > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > > ===================================== > Third Coast Telecom (713) 827-8133 > 5644 Westheimer, #222 > Houston, TX 77056 > > - > -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!? Find the one for you at Yahoo! Personals http://personals.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: Wed, 14 Nov 2001 20:35:29 -0600 From: "Norman" Subject: Re: [CANSLIM] CTEC Katherine, I would have expected at least 1 analyst to come out with a downgrade if it was considered overvalued by that much volume. But PE is as good as an explanation as there is I guess. Looks like the groups IBD rank of #8 will be changing for the worse if other members suffer the same fate. I guess I'm just used to EASI being downgraded for value about 3% after the BO - gives me someone to blame :-) Norm - ----- Original Message ----- From: "Katherine Malm" To: Sent: Wednesday, November 14, 2001 7:41 PM Subject: Re: [CANSLIM] CTEC > Norm, > > Take a look at the latest PE...96 and 3.8x the S&P. Just about every other > medical in the same group getting the same treatment. Seems like the > combination of "fully/overvalued" and "plenty of other places to put money > to work" tell the tale. Doesn't help that they have a low ROE of 8% (even > though that will increase if their earnings trend continues). > > Katherine > kmalm@earthlink.net > > > ----- Original Message ----- > From: "Norman" > To: > Sent: Wednesday, November 14, 2001 7:32 PM > Subject: [CANSLIM] CTEC > > > > Anyone know why this one fell off the edge of the planet? Just profit > > takers? It did run up hard. > > > > Norm > > > > > > - > > -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: Wed, 14 Nov 2001 19:40:23 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] JEC I'm no volume analysis expert, but it did dry up at the bottom, so very little selling went on, and then increase slightly as it ran up the right side. On 14 Nov 01, at 20:17, Ann wrote: > I'm wondering why the volume looks good. I would have thought that the > volume on the RS of cup should be stronger. > Ann > > can't look at the chart with my usual software right now, > : but overall the volume patterns seem good too. > : > > > > - > -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: Wed, 14 Nov 2001 20:08:25 -0700 From: esetser Subject: Re: [CANSLIM] B/O's - --------------FF5ED144928D01522C61DB88 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit I am seeing similar action here. Only my fallen angels are moving up. Ian wrote: > I'm thinking RMCI will be a good short candidate one of these days. It > should be counter-cyclical to the indexes. Actually, the whole area > of CANSLIM breakouts seems a bit baffling to me right now. The NAZ is > up almost 40% from its 9/21 low, and the DOW and S&P are moving up > vertically too ... but ... I am not seeing a lot of bona fide $15+, > new highs on increasing volume and great fundamentals breakouts > happening. My marketocracy fund is up over 28% since Oct 1 - but that > is on the backs of having bottom-fished companies with good fundies > that have bounced (WVCM, TTIL, NEOG, ASW etc...), or sub $10 breakouts > (ELTE, NMHC, QMDC etc...), or already-plateaued quick-and-dirty > breakouts (NHHC, AMRN). Here we are more than 6 weeks into the rally > and I cannot find many charts that I can confidently say are likely to > keep rising. What are others finding? What am I missing? Ian ----- > Original Message ----- > > From: Vanchee1@aol.com > To: canslim@lists.xmission.com > Sent: Tuesday, November 13, 2001 7:25 PM > Subject: [CANSLIM] B/O's > A few B/O's RMCI, GTY, APOG, ALLY > > Chris. > - --------------FF5ED144928D01522C61DB88 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit I am seeing similar action here.  Only my fallen angels are moving up.

Ian wrote:

I'm thinking RMCI will be a good short candidate one of these days. It should be counter-cyclical to the indexes.   Actually, the whole area of CANSLIM breakouts seems a bit baffling to me right now. The NAZ is up almost 40% from its 9/21 low, and the DOW and S&P are moving up vertically too ... but ... I am not seeing a lot of bona fide $15+, new highs on increasing volume and great fundamentals breakouts happening. My marketocracy fund is up over 28% since Oct 1 - but that is on the backs of having bottom-fished companies with good fundies that have bounced (WVCM, TTIL, NEOG, ASW etc...), or sub $10 breakouts (ELTE, NMHC, QMDC etc...), or already-plateaued quick-and-dirty breakouts (NHHC, AMRN). Here we are more than 6 weeks into the rally and I cannot find many charts that I can confidently say are likely to keep rising. What are others finding? What am I missing? Ian   ----- Original Message -----
Sent: Tuesday, November 13, 2001 7:25 PM
Subject: [CANSLIM] B/O's
 A few B/O's RMCI, GTY, APOG, ALLY

Chris.

- --------------FF5ED144928D01522C61DB88-- - - - -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: Wed, 14 Nov 2001 22:05:25 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] BVF This is a multi-part message in MIME format. - ------=_NextPart_000_0073_01C16D58.767F7A20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable With only 4 million shares of the new 12 million offer trading today, = suggests to me that most of the buyers of the offering (all likely to be = institutional) held onto their shares instead of immediately dumping = them and buying them back. Don't assume that earnings per share will automatically decrease as a = result of a primary offering. It all depends on what they do with the = fresh cash. For example, if they have an acquisition already lined up = for cash, it could be immediately additive to earnings. Or maybe buy new = equipment that makes their production line not only more cost efficient, = but increases capacity (important if they were already near full = capacity and unable to grow). Or maybe buy a competing or complimentary = product line with an already established market. The RS line is indeed drifting lower, to be expected while the stock is = in a consolidation base of 6 to 7 weeks (comparative prices over the = past 4 quarters move up, but present price remains about the same, = resulting in a lower RS).=20 I like the rapid recovery from the lows after 9/11. Shows strength. And = its ability to hold that base as the completion of the offering = approached also shows strength. Management shows as owning 21% of the 131.4 million share issue. Funds = show as already owning 35% of the 103.8 million float. Today's offering = only increases the float by about 12%, not a huge increase if no = management shares were included. In Sept, the Board authorized the repurchase of up to $120 million worth = of their stock. Some of that may have been bot as low as $40, and the = cash replaced today by the offering at a higher per share price. Note also that there are both convertible bonds as well as warrants = outstanding, so potentially a lot more shares could be issued cheaply in = the future. I would recommend checking to see what the strike price is = of both, as a surprise call on either can do more damage to the price = than an offering like this. Almost forgot, I also like the sequential growth in sales, and the near = sequential growth in earnings. However, without the offering, they still = needed 47 cents in Q4 to make the full year forecast. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 14, 2001 3:58 PM Subject: Re: [CANSLIM] BVF Katherine: To me, it's an interesting phenomenon: It looks like weak hands = sold=20 (in anticipation of reduced EPS because of the primary offering), but = strong=20 hands bought (observe that the stock didn't decline). As of now (2:50 = PM),=20 actually, the stock is at the high of the day's range. Also-and, to = me, this=20 sign indicates that the big boys (eg. mutuals) are accumulating, = volume is=20 over 4X ADV. Funds on DG says that there are 35%. So, if it doesn't rise, = perhaps=20 some funds sold, but others bought. (Tom, if you're there, how do you = see it:=20 hi volume today, and relatively high number of funds already invested = in BVF,=20 but still a tight range on an up day-even though there was a primary = offering=20 of 12.5 million shares?) In any event, the fundies appear very nice. = My=20 conclusion is that BVF is in a flat base of about 6 weeks, oscillating = between 51 and 45. I'd keep my eye on it, because if other stocks are = BO and=20 this pops above 51-52, this could signal (if the volume is there) a = BO. I'd=20 look at one other thing: the RS line seems to be falling, and I'd = keep an=20 eye on it while the stock continues its oscillation. (Thanks for the heads up. I'm putting it on my list of stocks to = watch.) =20 jans In a message dated 11/14/2001 1:06:37 PM Eastern Standard Time,=20 kmalm@earthlink.net writes: << Looks like BVF digested today's primary offering ($47) fairly well. = Any=20 thoughts? >> - -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_0073_01C16D58.767F7A20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
With only 4 million shares of the new 12 million = offer trading=20 today, suggests to me that most of the buyers of the offering (all = likely to be=20 institutional) held onto their shares instead of immediately dumping = them and=20 buying them back.
 
Don't assume that earnings per share will = automatically=20 decrease as a result of a primary offering. It all depends on what they = do with=20 the fresh cash. For example, if they have an acquisition already lined = up for=20 cash, it could be immediately additive to earnings. Or maybe buy new = equipment=20 that makes their production line not only more cost efficient, but = increases=20 capacity (important if they were already near full capacity and unable = to grow).=20 Or maybe buy a competing or complimentary product line with an already=20 established market.
 
The RS line is indeed drifting lower, to be expected = while the=20 stock is in a consolidation base of 6 to 7 weeks (comparative prices = over the=20 past 4 quarters move up, but present price remains about the same, = resulting in=20 a lower RS).
 
I like the rapid recovery from the lows after 9/11. = Shows=20 strength. And its ability to hold that base as the completion of the = offering=20 approached also shows strength.
 
Management shows as owning 21% of the 131.4 million = share=20 issue. Funds show as already owning 35% of the 103.8 million float. = Today's=20 offering only increases the float by about 12%, not a huge increase if = no=20 management shares were included.
 
In Sept, the Board authorized the repurchase of up = to $120=20 million worth of their stock. Some of that may have been bot as low as = $40, and=20 the cash replaced today by the offering at a higher per share=20 price.
 
Note also that there are both convertible bonds as = well as=20 warrants outstanding, so potentially a lot more shares could be issued = cheaply=20 in the future. I would recommend checking to see what the strike price = is of=20 both, as a surprise call on either can do more damage to the price than = an=20 offering like this.
 
Almost forgot, I also like the sequential growth in = sales, and=20 the near sequential growth in earnings. However, without the offering, = they=20 still needed 47 cents in Q4 to make the full year forecast.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Spencer48@aol.com
To: canslim@lists.xmission.com =
Sent: Wednesday, November 14, = 2001 3:58=20 PM
Subject: Re: [CANSLIM] = BVF

Katherine:

     To me, it's = an=20 interesting phenomenon:  It looks like weak hands sold
(in=20 anticipation of reduced EPS because of the primary offering), but = strong=20
hands bought (observe that the stock didn't decline).  As of = now=20 (2:50 PM),
actually, the stock is at the high of the day's = range. =20 Also-and, to me, this
sign indicates that the big boys (eg. = mutuals) are=20 accumulating, volume is
over 4X = ADV.

     Funds=20 on DG says that there are 35%.  So, if it doesn't rise, perhaps =
some=20 funds sold, but others bought. (Tom, if you're there, how do you see = it:=20
hi volume today, and relatively high number of funds already = invested in=20 BVF,
but still a tight range on an up day-even though there was a = primary=20 offering
of 12.5 million shares?)  In any event, the fundies = appear=20 very nice.  My
conclusion is that BVF is in a flat base of = about 6=20 weeks, oscillating
between 51 and 45.  I'd keep my eye on it, = because=20 if other stocks are BO and
this pops above 51-52, this could = signal (if=20 the volume is there) a BO.  I'd
look at one other = thing:  the RS=20 line seems to be falling, and I'd keep an
eye on it while the = stock=20 continues its oscillation.

     (Thanks for = the=20 heads up.  I'm putting it on my list of stocks to=20 watch.)

    

jans


In a = message=20 dated 11/14/2001 1:06:37 PM Eastern Standard Time,
kmalm@earthlink.net=20 writes:

<< Looks like BVF digested today's primary = offering ($47)=20 fairly well. Any
thoughts?
  >>

-
-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_0073_01C16D58.767F7A20-- - - - -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: Wed, 14 Nov 2001 22:10:21 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] did you get a Jtrader advertisement This is a multi-part message in MIME format. - ------=_NextPart_000_009A_01C16D59.2730A1A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I got it three times, within minutes of each other. I have not = registered anyplace new lately, and this is the only place I post with = any frequency, so I suspect someone has been harvesting email addresses = here. Jeff, am sending this to you directly to be sure you see it. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Peter Christiansen=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 14, 2001 8:16 PM Subject: Re: [CANSLIM] did you get a Jtrader advertisement Received two. At 02:08 PM 11/14/2001 -0800, you wrote: >I just got spam from Warren >for J trader. Did you folks also get one? > >Kent Norman > >__________________________________________________ >Do You Yahoo!? >Find the one for you at Yahoo! Personals >http://personals.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. "The crowd has never thirsted for the truth" - Gustave LeBon - -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_009A_01C16D59.2730A1A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I got it three times, within minutes of each other. = I have not=20 registered anyplace new lately, and this is the only place I post with = any=20 frequency, so I suspect someone has been harvesting email addresses=20 here.
 
Jeff, am sending this to you directly to be sure you = see=20 it.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Peter=20 Christiansen
To: canslim@lists.xmission.com =
Sent: Wednesday, November 14, = 2001 8:16=20 PM
Subject: Re: [CANSLIM] did you = get a=20 Jtrader advertisement

Received two.

At 02:08 PM 11/14/2001 -0800, you=20 wrote:
>I just got spam from Warren <warren@castleonline.com>>for=20 J trader. Did you folks also get one?
>
>Kent=20 = Norman
>
>__________________________________________________<= BR>>Do=20 You Yahoo!?
>Find the one for you at Yahoo! Personals
>http://personals.yahoo.com
>= ;
>-
>-To=20 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.

"The crowd has = never=20 thirsted for the truth" - Gustave LeBon


-
-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_009A_01C16D59.2730A1A0-- - - - -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: Wed, 14 Nov 2001 20:17:18 -0700 From: esetser Subject: Re: [CANSLIM] B/O's Oops, I think that was "..UP TO 10-14 weeks", which means you want to buy right at the follow-through sometimes, and wait sometimes??? Spencer48@aol.com wrote: > Ian: > > In the Big Picture in IBD this morning, IBD says essentially the same > thing you do. There are not that many BOs yet. According to WON, leading > stocks take 10-14 weeks to begin BO in earnest once a new bull begins. The > Big Picture also mentions that most of the rises yesterday came from the > bottom of its industry rankings. > > jans > > In a message dated 11/14/2001 1:04:12 AM Eastern Standard Time, > ianstm@home.com writes: > > << Here we are more than 6 weeks into the rally and I cannot find many charts > that I can confidently say are likely to keep rising. What are others > finding? What am I missing? >> > > - > -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: Wed, 14 Nov 2001 22:28:27 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] MOVI - LLUR This is a multi-part message in MIME format. - ------=_NextPart_000_00CB_01C16D5B.AE175220 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Katherine, I don't recall much discussion about volume on LLUR patterns. The main = issue was that the overall pattern remain consistent, and to be prepared = to exit quickly whenever the pattern changed. Looking at this one, I = don't see the volume since 10/31 that heavy, nor did it change the = pattern. I looked at the pullbacks that started 10/16, 9/6, 8/24, 8/2, = 7/18, 7/2, 6/18, and 5/22 and with two exceptions they were all on less = than ADV. The exceptions were the pullback of 8/24 and 9/6, and it's = volume was far more dramatic than this one, and it survived both those = pullbacks. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 14, 2001 1:06 PM Subject: Re: [CANSLIM] MOVI - LLUR Norm, Would that heavy volume on the run down from 10/31 disqualify this as = a LLUR? Are all pullbacks to support in a LLUR on low volume or does it matter? Katherine ----- Original Message ----- From: "Boyd" To: Sent: Wednesday, November 14, 2001 12:25 PM Subject: [CANSLIM] MOVI - LLUR > Did anyone pick up MOVI on the bounce? I identified the LLUR = possibility > this past weekend and was watching for a bounce this week. I saw = the move > this morn but was unimpressed with the volume. I'm thinking that = was a > mistake now :-( > > Norm > > - > -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_00CB_01C16D5B.AE175220 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Katherine,
 
I don't recall much discussion about volume on LLUR = patterns.=20 The main issue was that the overall pattern remain consistent, and to be = prepared to exit quickly whenever the pattern changed. Looking at this = one, I=20 don't see the volume since 10/31 that heavy, nor did it change the = pattern. I=20 looked at the pullbacks that started 10/16, 9/6, 8/24, 8/2, 7/18, 7/2, = 6/18, and=20 5/22 and with two exceptions they were all on less than ADV.=20 The exceptions were the pullback of 8/24 and 9/6, and it's = volume was=20 far more dramatic than this one, and it survived both those=20 pullbacks.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com =
Sent: Wednesday, November 14, = 2001 1:06=20 PM
Subject: Re: [CANSLIM] MOVI - = LLUR

Norm,

Would that heavy volume on the run down = from 10/31=20 disqualify this as a
LLUR? Are all pullbacks to support  in a = LLUR on=20 low volume or does it
matter?

Katherine
----- Original = Message=20 -----
From: "Boyd" <theboyd@tisd.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Wednesday, November 14, 2001 12:25 PM
Subject: [CANSLIM] MOVI -=20 LLUR


> Did anyone pick up MOVI on the bounce?  I = identified=20 the LLUR possibility
> this past weekend and was watching for a = bounce=20 this week.  I saw the move
> this morn but was unimpressed = with the=20 volume.  I'm thinking that was a
> mistake now = :-(
>
>=20 Norm
>
> -
> -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_00CB_01C16D5B.AE175220-- - - - -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: Wed, 14 Nov 2001 20:50:58 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] BVF This is a multi-part message in MIME format. - ------=_NextPart_000_03FE_01C16D4E.10232560 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom,=20 BVF is using the proceeds to retire debt. Net net, a positive for EPS, = as interest expense will decrease. Katherine ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Wednesday, November 14, 2001 9:05 PM Subject: Re: [CANSLIM] BVF With only 4 million shares of the new 12 million offer trading today, = suggests to me that most of the buyers of the offering (all likely to be = institutional) held onto their shares instead of immediately dumping = them and buying them back. Don't assume that earnings per share will automatically decrease as a = result of a primary offering. It all depends on what they do with the = fresh cash. For example, if they have an acquisition already lined up = for cash, it could be immediately additive to earnings. Or maybe buy new = equipment that makes their production line not only more cost efficient, = but increases capacity (important if they were already near full = capacity and unable to grow). Or maybe buy a competing or complimentary = product line with an already established market. The RS line is indeed drifting lower, to be expected while the stock = is in a consolidation base of 6 to 7 weeks (comparative prices over the = past 4 quarters move up, but present price remains about the same, = resulting in a lower RS).=20 I like the rapid recovery from the lows after 9/11. Shows strength. = And its ability to hold that base as the completion of the offering = approached also shows strength. Management shows as owning 21% of the 131.4 million share issue. Funds = show as already owning 35% of the 103.8 million float. Today's offering = only increases the float by about 12%, not a huge increase if no = management shares were included. In Sept, the Board authorized the repurchase of up to $120 million = worth of their stock. Some of that may have been bot as low as $40, and = the cash replaced today by the offering at a higher per share price. Note also that there are both convertible bonds as well as warrants = outstanding, so potentially a lot more shares could be issued cheaply in = the future. I would recommend checking to see what the strike price is = of both, as a surprise call on either can do more damage to the price = than an offering like this. Almost forgot, I also like the sequential growth in sales, and the = near sequential growth in earnings. However, without the offering, they = still needed 47 cents in Q4 to make the full year forecast. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 14, 2001 3:58 PM Subject: Re: [CANSLIM] BVF Katherine: To me, it's an interesting phenomenon: It looks like weak = hands sold=20 (in anticipation of reduced EPS because of the primary offering), = but strong=20 hands bought (observe that the stock didn't decline). As of now = (2:50 PM),=20 actually, the stock is at the high of the day's range. Also-and, to = me, this=20 sign indicates that the big boys (eg. mutuals) are accumulating, = volume is=20 over 4X ADV. Funds on DG says that there are 35%. So, if it doesn't rise, = perhaps=20 some funds sold, but others bought. (Tom, if you're there, how do = you see it:=20 hi volume today, and relatively high number of funds already = invested in BVF,=20 but still a tight range on an up day-even though there was a primary = offering=20 of 12.5 million shares?) In any event, the fundies appear very = nice. My=20 conclusion is that BVF is in a flat base of about 6 weeks, = oscillating=20 between 51 and 45. I'd keep my eye on it, because if other stocks = are BO and=20 this pops above 51-52, this could signal (if the volume is there) a = BO. I'd=20 look at one other thing: the RS line seems to be falling, and I'd = keep an=20 eye on it while the stock continues its oscillation. (Thanks for the heads up. I'm putting it on my list of stocks = to watch.) =20 jans In a message dated 11/14/2001 1:06:37 PM Eastern Standard Time,=20 kmalm@earthlink.net writes: << Looks like BVF digested today's primary offering ($47) fairly = well. Any=20 thoughts? >> - -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_03FE_01C16D4E.10232560 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
BVF is using the proceeds to retire = debt. Net=20 net, a positive for EPS, as interest expense will=20 decrease.
 
Katherine
----- Original Message -----
From:=20 Tom = Worley=20
To: CANSLIM
Sent: Wednesday, November 14, = 2001 9:05=20 PM
Subject: Re: [CANSLIM] = BVF

With only 4 million shares of the new 12 million = offer=20 trading today, suggests to me that most of the buyers of the offering = (all=20 likely to be institutional) held onto their shares instead of = immediately=20 dumping them and buying them back.
 
Don't assume that earnings per share will = automatically=20 decrease as a result of a primary offering. It all depends on what = they do=20 with the fresh cash. For example, if they have an acquisition already = lined up=20 for cash, it could be immediately additive to earnings. Or maybe buy = new=20 equipment that makes their production line not only more cost = efficient, but=20 increases capacity (important if they were already near full capacity = and=20 unable to grow). Or maybe buy a competing or complimentary product = line with=20 an already established market.
 
The RS line is indeed drifting lower, to be = expected while=20 the stock is in a consolidation base of 6 to 7 weeks (comparative = prices over=20 the past 4 quarters move up, but present price remains about the same, = resulting in a lower RS).
 
I like the rapid recovery from the lows after = 9/11. Shows=20 strength. And its ability to hold that base as the completion of the = offering=20 approached also shows strength.
 
Management shows as owning 21% of the 131.4 = million share=20 issue. Funds show as already owning 35% of the 103.8 million float. = Today's=20 offering only increases the float by about 12%, not a huge increase if = no=20 management shares were included.
 
In Sept, the Board authorized the repurchase of up = to $120=20 million worth of their stock. Some of that may have been bot as low as = $40,=20 and the cash replaced today by the offering at a higher per share=20 price.
 
Note also that there are both convertible bonds as = well as=20 warrants outstanding, so potentially a lot more shares could be issued = cheaply=20 in the future. I would recommend checking to see what the strike price = is of=20 both, as a surprise call on either can do more damage to the price = than an=20 offering like this.
 
Almost forgot, I also like the sequential growth = in sales,=20 and the near sequential growth in earnings. However, without the = offering,=20 they still needed 47 cents in Q4 to make the full year = forecast.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Spencer48@aol.com
Sent: Wednesday, November 14, = 2001 3:58=20 PM
Subject: Re: [CANSLIM] = BVF

Katherine:

     To me, = it's an=20 interesting phenomenon:  It looks like weak hands sold
(in=20 anticipation of reduced EPS because of the primary offering), but = strong=20
hands bought (observe that the stock didn't decline).  As = of now=20 (2:50 PM),
actually, the stock is at the high of the day's = range. =20 Also-and, to me, this
sign indicates that the big boys (eg. = mutuals) are=20 accumulating, volume is
over 4X = ADV.

    =20 Funds on DG says that there are 35%.  So, if it doesn't rise, = perhaps=20
some funds sold, but others bought. (Tom, if you're there, how = do you=20 see it:
hi volume today, and relatively high number of funds = already=20 invested in BVF,
but still a tight range on an up day-even = though there=20 was a primary offering
of 12.5 million shares?)  In any = event, the=20 fundies appear very nice.  My
conclusion is that BVF is in = a flat=20 base of about 6 weeks, oscillating
between 51 and 45.  I'd = keep my=20 eye on it, because if other stocks are BO and
this pops above = 51-52,=20 this could signal (if the volume is there) a BO.  I'd
look = at one=20 other thing:  the RS line seems to be falling, and I'd keep an =
eye=20 on it while the stock continues its=20 oscillation.

     (Thanks for the heads = up. =20 I'm putting it on my list of stocks to=20 watch.)

    

jans


In a = message=20 dated 11/14/2001 1:06:37 PM Eastern Standard Time,
kmalm@earthlink.net=20 writes:

<< Looks like BVF digested today's primary = offering=20 ($47) fairly well. Any
thoughts?
  = >>

-
-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_03FE_01C16D4E.10232560-- - - - -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 #1817 ****************************** 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.