From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2076 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, January 24 2002 Volume 02 : Number 2076 In this issue: Re: [CANSLIM] Panic attack ... Re: [CANSLIM] DFXI vs. JEC--Faulty handle? [CANSLIM] My Market Guide CANSLIM screen Re: [CANSLIM] ELTE ---------------------------------------------------------------------- Date: Thu, 24 Jan 2002 13:41:50 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Panic attack ... This is a multi-part message in MIME format. - ------=_NextPart_000_00B8_01C1A4DC.E086B710 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Not me, Ian, I am quite bullish. Aside from some cash resulting from a = buyout offer (I sold on the news), my IRA is fully invested as usual. My = VR Fund has about 8% cash, partially because of the same buyout news, = the rest from some other adjustments made this week. But about half of = that is already committed to buy limit orders in place. I am starting to take a less tolerant look at anything I have owned for = more than two months, and still has not performed at least a little. May = ride them thru current earnings reporting cycle, after that most will be = gone. Fortunately, that's only about 10 of my 50 stocks. However, I have also discovered something about myself. I have been = willing to buy impetuously for my VR Fund, and done quite well with many = picks. Yet I have ended up sitting in cash in my margin account for six = months, missing limit order after limit order (partially because I may = need the funds for home renovation). He who hesitates is lost, I guess. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Thursday, January 24, 2002 1:26 PM Subject: Re: [CANSLIM] Panic attack ... Walt: I find it interesting that most on this board are quite bearish, while = I find myself with the lowest cash position in well over a year, and a = growing supply of buyer-friendly microcaps. Cheers, Ian ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 23, 2002 10:37 AM Subject: Re: [CANSLIM] Panic attack ... Walter, I would have to disagree with part of your conclusion. While the = housing industry did not prevent the start of a recession, it is likely = that it significantly helped to make it a shallow recession, and will = help end it early. There still seems to be a lot of juice left in the = home builders group, and I was adding more to my three positions in my = fund today. Adding to Consumer Sentiment, in addition to lower mortgage = payments, is lower energy costs. That, plus the tax cuts that started = 1/1/02, means a little more money in everyone's paycheck or wallet. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: walter nusbaum=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 23, 2002 11:58 AM Subject: Re: [CANSLIM] Panic attack ... Ian, "Stock Market Cycles" was rated "F" in up markets and A+ in down = markets with an annualized gain of 4.6% since 5/31/90(sic), according to = Forbes(22 JAN 01); not exactly the kind of numbers that inspire = confidence. At any rate, there is nothing in the theory or construction = of TRIN that allows for speculation as to the degree of market change. = It is a great market reversal indicator and that's all. According to = Elder, the market can stay over bought/sold for some time and the time = to take action is immediately after TRIN makes a reversal off its = high/low reading and re-penetrates the overbought or oversold line.(The = Equis link says to buy/sell upon reaching the line, which is a specific = number. Elder's recommendation puts you in sync with the new trend. I = don't know what TRIN was doing during the debacle of 2000, but I = suspect(using the Equis standard) it gave buy signals loooong before = their time). The lines themselves should be revisited, and redrawn if = necessary, every three months based upon the interaction of TRIN and the = Index that is being used. The lines indicate areas of concern and = specific numbers above or below the lines have little meaning. TRIN can = not be used mechanically- the same readings mean different things under = different market conditions(Bull/Bear). TRIN gives its best buy/sell = signals when divergence from the Index being used is observed and when = used in combination with the New High-New Low Index.=20 Having said all that, 1.5 is a doozy of a number and will probably = be followed by a downturn. I know nothing, but have little confidence in = a return of the Bull for many moons. The automobile industry with its = attendant suppliers such as steel, glass, rubber, plastics, etc., has = been trashed; housing has typically propelled the new Bull, but housing = has already had its own run with little effect on the overall market. = Consumer Confidence would seem to be a bright spot, but it probably is = the result of lower mortgage payments due to massive refinancing and = bargains picked up by consumers at the expense of the producers, the = very folks that we look to for increased earnings. There's more, but = this grows lengthy so I'll shut up. Thanks for your note. Best wishes, Walt =20 ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, January 22, 2002 12:32 PM Subject: [CANSLIM] Panic attack ... Here's a very interesting recent quote from Peter Eliades of = Stock Market Cycles: "At the end of todays trading, we noticed that the = lowest single day TRIN reading over the past 10 trading days was 1.143. = That seemed unusual to us, so we asked the computer to look back over = the past 61 years (since 1940) to find out how many other 10 day periods = had transpired without one single day reading below 1.14. We were = stunned at the answer! The answer is none." The 10 day ARMS index (TRIN) got up to 1.5 again last week. It = used to have huge historical significance in indicating that a major = bottom was to be put in within 20 trading days. It has now happened 4 = times in the past year alone. I don't pretend to know what it means, but there certainly has = been a considerable amount of panic over the last 2 weeks. Ian PS - Here is a quick overview of the ARMS index that someone = asked for: http://www.equis.com/free/taaz/armsindex.html - ------=_NextPart_000_00B8_01C1A4DC.E086B710 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Not me, Ian, I am quite bullish. Aside from some = cash=20 resulting from a buyout offer (I sold on the news), my IRA is fully = invested as=20 usual. My VR Fund has about 8% cash, partially because of the same = buyout news,=20 the rest from some other adjustments made this week. But about half of = that is=20 already committed to buy limit orders in place.
 
I am starting to take a less tolerant look at = anything I=20 have owned for more than two months, and still has not performed at = least a=20 little. May ride them thru current earnings reporting cycle, after that = most=20 will be gone. Fortunately, that's only about 10 of my 50 = stocks.
 
However, I have also discovered something about = myself. I=20 have been willing to buy impetuously for my VR Fund, and done quite well = with=20 many picks. Yet I have ended up sitting in cash in my margin account for = six=20 months, missing limit order after limit order (partially because I may = need the=20 funds for home renovation). He who hesitates is lost, I = guess.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Ian =
To: canslim@lists.xmission.com=
Sent: Thursday, January 24, = 2002 1:26=20 PM
Subject: Re: [CANSLIM] Panic = attack=20 ...

Walt:
 
<snipped>
I find it interesting that most on this board are = quite=20 bearish, while I find myself with the lowest cash position in well = over a=20 year, and a growing supply of buyer-friendly microcaps.
 
Cheers,
 
Ian
 
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, January 23, = 2002 10:37=20 AM
Subject: Re: [CANSLIM] Panic = attack=20 ...

Walter,
 
I would have to disagree with part of your = conclusion.=20 While the housing industry did not prevent the start of a recession, = it is=20 likely that it significantly helped to make it a shallow recession, = and will=20 help end it early. There still seems to be a lot of juice left in = the home=20 builders group, and I was adding more to my three positions in my = fund=20 today. Adding to Consumer Sentiment, in addition to lower mortgage = payments,=20 is lower energy costs. That, plus the tax cuts that started 1/1/02, = means a=20 little more money in everyone's paycheck or wallet.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 walter=20 nusbaum
To: canslim@lists.xmission.com= =20
Sent: Wednesday, January = 23, 2002=20 11:58 AM
Subject: Re: [CANSLIM] = Panic attack=20 ...

Ian,
"Stock Market Cycles" was rated "F" in up = markets and A+=20 in down markets with an annualized gain of 4.6% since=20 5/31/90(sic), according to Forbes(22 JAN 01); not = exactly the=20 kind of numbers that inspire confidence. At any rate, = there is=20 nothing in the theory or construction of TRIN that allows for = speculation=20 as to the degree of market change. It is a great market reversal=20 indicator and that's all. According to Elder, the market can = stay=20 over bought/sold for some time and the time to take action is = immediately=20 after TRIN makes a reversal off its high/low reading and = re-penetrates the=20 overbought or oversold line.(The Equis link says to buy/sell = upon=20 reaching the line, which is a specific number. Elder's = recommendation puts=20 you in sync with the new trend. I don't know what TRIN was doing = during=20 the debacle of 2000, but I suspect(using the Equis = standard) it gave=20 buy signals loooong before their time).
 
The lines themselves should be revisited, = and=20 redrawn if necessary, every three months based upon the = interaction of=20 TRIN and the Index that is being used. The lines indicate areas of = concern=20 and specific numbers above or below the lines have little=20 meaning. TRIN can not be used mechanically- the same readings = mean=20 different things under different market=20 conditions(Bull/Bear). TRIN gives its = best=20 buy/sell signals when divergence from the Index being used is = observed and=20 when used in combination with the New High-New Low = Index.=20
 
Having said all that, 1.5 is a doozy of a = number=20 and will probably be followed by a downturn. I know = nothing, but=20 have little confidence in a return of the Bull for many moons. The = automobile industry with its attendant suppliers such as steel, = glass,=20 rubber, plastics, etc., has been trashed; housing has typically = propelled=20 the new Bull, but housing has already had its own run with = little=20 effect on the overall market. Consumer Confidence would seem to be = a=20 bright spot, but it probably is the result of lower mortgage = payments due=20 to massive refinancing and bargains picked up by consumers at the = expense=20 of the producers, the very folks that we look to for increased = earnings.=20 There's more, but this grows lengthy so I'll shut up. Thanks = for your=20 note.
Best wishes,
Walt
    
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Tuesday, January = 22, 2002=20 12:32 PM
Subject: [CANSLIM] Panic = attack=20 ...

Here's a very interesting recent quote from = Peter=20 Eliades of Stock Market Cycles: "At the end of todays trading, = we=20 noticed that the lowest single day TRIN reading over the past 10 = trading=20 days was 1.143. That seemed unusual to us, so we asked the = computer to=20 look back over the past 61 years (since 1940) to find out how = many other=20 10 day periods had transpired without one single day reading = below 1.14.=20 We were stunned at the answer! The answer is none."
 
The 10 day ARMS index (TRIN) got up to 1.5 = again last=20 week. It used to have huge historical significance in indicating = that a=20 major bottom was to be put in within 20 trading days. It has now = happened 4 times in the past year alone.
 
I don't pretend to know what it means, but = there=20 certainly has been a considerable amount of panic over the last = 2=20 weeks.
 
Ian
 
 
PS - Here is a quick overview of the ARMS = index that=20 someone asked for: http://www.equis.c= om/free/taaz/armsindex.html
- ------=_NextPart_000_00B8_01C1A4DC.E086B710-- - - - -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, 24 Jan 2002 12:58:19 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? This is a multi-part message in MIME format. - ------=_NextPart_000_00AC_01C1A4D6.CBE00F60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks stockoper8or and Tom for your input. I am watching DFXI with great interest as a "case study." The last = couple of days seemed to indicate strength as the stock bounced again = off the pivot. Today, however, the action is forming the dreaded tail on = fairly high volume. Will be interesting to see how it plays out. Katherine ----- Original Message -----=20 From: stock oper8or=20 To: canslim@lists.xmission.com=20 Sent: Monday, January 21, 2002 6:34 PM Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? I thought DFXI looked somewhat sloppy in the handle but not enough to=20 preculde its purchase: There were 5 down days on above average = volume, the=20 pattern was wide and loose, never really formed a downward wedge and = the=20 volume did not really "dry up". One of the best indicators of a = chart's=20 quality is its weekly chart. I believe you want to see what looks = like a=20 real handle in the weekly chart. On the weekly of DFXI you can see = the wide=20 action of the handle and it never really looked like a classic handle, = but=20 more like a pennant or triangle. Neverthess the breakout was very strong, gapping out on more than = double=20 average daily volume. It could be argued that the strength of the = breakout=20 outweighed the imperfect action in the handle. All in all, this was = not a=20 perfect chart but was probably worth buying as it had such strong = qualities=20 other than the non-ideal price-volume action in the handle. While it = has=20 given back all its gains plus a little bit, it is still holding right = in the=20 pivot area. If it holds at the lows of the past 2 days, I would say = it is=20 worth holding. If I owned it (which I don't), I would put my stop = pretty=20 close to those intraday lows. By comparison JEC (during October) was so wide and loose that even = though=20 it's "handle?" was downward sloping and the volume did dry up from Oct = 18-20, the action was just not constructive whatsoever. There was as = much=20 or more down volume as up volume coming up the right side and the = stock had=20 multiple intraday reversals on above average volume. When it did try = to=20 "break out" the volume barely exceeded average. This was definitely = not a=20 buy by any stretch of the imagination. >From: "Katherine Malm" >Reply-To: canslim@lists.xmission.com >To: >Subject: [CANSLIM] DFXI vs. JEC--Faulty handle? >Date: Sun, 20 Jan 2002 07:50:53 -0600 > >DFXI's chart has been bothering me for some time. An Investor's = Corner=20 >article dated 12/17/01 used JEC as an example of a "zig-zag" faulty = handle.=20 >What do you think, could DFXI have the same faulty handle? > >http://WallStreet-LLC.com/pub/DFXI_011802.jpg >http://WallStreet-LLC.com/pub/JEC_011802.jpg > >Katherine _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.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. - ------=_NextPart_000_00AC_01C1A4D6.CBE00F60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks stockoper8or and Tom for your input.
 
I am watching DFXI with great interest as a "case study." The last = couple=20 of days seemed to indicate strength as the stock bounced again off the = pivot.=20 Today, however, the action is forming the dreaded tail on fairly high = volume.=20 Will be interesting to see how it plays out.
 
Katherine
----- Original Message -----
From:=20 stock=20 oper8or
Sent: Monday, January 21, 2002 = 6:34=20 PM
Subject: Re: [CANSLIM] DFXI vs. = JEC--Faulty handle?

I thought DFXI looked somewhat sloppy in the handle but = not=20 enough to
preculde its purchase:  There were 5 down days on = above=20 average volume, the
pattern was wide and loose, never really = formed a=20 downward wedge and the
volume did not really "dry up".  One = of the=20 best indicators of a chart's
quality is its weekly chart.  I = believe=20 you want to see what looks like a
real handle in the weekly = chart. =20 On the weekly of DFXI you can see the wide
action of the handle = and it=20 never really looked like a classic handle, but
more like a pennant = or=20 triangle.

Neverthess the breakout was very strong, gapping out = on more=20 than double
average daily volume.  It could be argued that = the=20 strength of the breakout
outweighed the imperfect action in the=20 handle.  All in all, this was not a
perfect chart but was = probably=20 worth buying as it had such strong qualities
other than the = non-ideal=20 price-volume action in the handle.  While it has
given back = all its=20 gains plus a little bit, it is still holding right in the
pivot=20 area.  If it holds at the lows of the past 2 days, I would say it = is=20
worth holding.  If I owned it (which I don't), I would put my = stop=20 pretty
close to those intraday lows.

By comparison JEC = (during=20 October) was so wide and loose that even though
it's "handle?" was = downward sloping and the volume did dry up from Oct
18-20, the = action was=20 just not constructive whatsoever.  There was as much
or more = down=20 volume as up volume coming up the right side and the stock had =
multiple=20 intraday reversals on above average volume.  When it did try to=20
"break out" the volume barely exceeded average.  This was = definitely=20 not a
buy by any stretch of the imagination.


>From:=20 "Katherine Malm" <kmalm@earthlink.net>
>Re= ply-To:=20 canslim@lists.xmission.com=
>To:=20 <canslim@lists.xmission.com= >
>Subject:=20 [CANSLIM] DFXI vs. JEC--Faulty handle?
>Date: Sun, 20 Jan 2002 = 07:50:53=20 -0600
>
>DFXI's chart has been bothering me for some time. = An=20 Investor's Corner
>article dated 12/17/01 used JEC as an = example of a=20 "zig-zag" faulty handle.
>What do you think, could DFXI have = the same=20 faulty=20 = handle?
>
>http://WallStreet-LLC.com/pub/DFXI_011802.jpg
&= gt;http://WallStreet-LLC.com/pub/JEC_011802.jpg
>
>Katherine<= BR>

______________________________________________________________= ___
Send=20 and receive Hotmail on your mobile device: http://mobile.msn.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_00AC_01C1A4D6.CBE00F60-- - - - -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: Mon, 21 Jan 2002 18:17:12 -0800 From: "Mike Hofmann" Subject: [CANSLIM] My Market Guide CANSLIM screen This is a multi-part message in MIME format. - ------=_NextPart_000_0309_01C1A2A7.D9437740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable All, I've been playing around with Market Guide quite a bit the past few = weeks. I built a screen that I thought would yield a list of CANSLIM = candidates for further research. Here are my screening criteria and the = number of stocks left after each (Market Guide has 9385 companies in its = database): Criteria Results=20 1 {EPS%ChgPYQ}>=3D25 1103=20 2 {Sales%ChgPYQ}>=3D25 310=20 3 {EPS%ChgPYQ}>{EPS%ChgTTM}.AND.{EPS%ChgTTM}>0 103=20 4 {EPS5YCGr%}>=3D25 33=20 5 {EPS3YCGr%}>=3D25 16=20 6 {ShsOutMR}<=3D25 6=20 7 {Price}>=3D10 4=20 I was disappointed that my screen only left me with 4 stocks, one of = which is in deep doo-doo with the SEC (CHEZ). I think the shorthand = should be decipherable, but just in case it's not: EPS%ChgPYQ =3D Quarter over Quarter % Change in EPS Sales%ChgPYQ =3D Quarter over Quarter % Change in Sales EPS%ChgTTM =3D Trailing twelve months % Change in EPS from previous TTM EPS5YCGr% =3D EPS 5-year growth rate (%) EPS3YCGr% =3D EPS 3-year growth rate (%) ShsOutMR =3D Shares outstanding (mill.) The 3rd criterion was my attempt to seek companies with recently = increasing earnings. I think these criteria are true to CANSLIM as taught by WON/IBD, no? In = fact, I think WON recommends a share price cut-off of 15 instead of the = 10 I'm using. If I relax all of the % Change criteria from 25 to 20, I = get 5 more companies. Assuming my criteria are truly CANSLIMish, I = suppose it means that CANSLIMmers should be on the sidelines at least = until this round of earnings reports comes in. btw, the other 3 stocks (besides CHEZ) that meet the 25% criteria are = ACRT, MGAM & TARO. The additional 5 that meet the 20% growth criteria = are DKWD, ICUI, MINI, PENN & SCOR. Please tell me if/where I'm missing the boat here. Thanks, Mike - ------=_NextPart_000_0309_01C1A2A7.D9437740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
All,
 
I've been playing around with Market = Guide quite a=20 bit the past few weeks. I built a screen that I thought would yield a = list of=20 CANSLIM candidates for further research. Here are my screening criteria = and the=20 number of stocks left after each (Market Guide has 9385 companies in its = database):
 
   Criteria Results
 1  {EPS%ChgPYQ}>=3D25  1103
 2  {Sales%ChgPYQ}>=3D25  310
 3  {EPS%ChgPYQ}>{EPS%ChgTTM}.AND.{EPS%ChgTTM}>0=20  103
 4  {EPS5YCGr%}>=3D25  33
 5  {EPS3YCGr%}>=3D25  16
 6  {ShsOutMR}<=3D25  6
 7  {Price}>=3D10  4
<= /DIV>
 
I was disappointed that my screen only = left me with=20 4 stocks, one of which is in deep doo-doo with the SEC (CHEZ). I think = the=20 shorthand should be decipherable, but just in case it's = not:
 
EPS%ChgPYQ =3D Quarter over Quarter % = Change in=20 EPS
Sales%ChgPYQ =3D Quarter over Quarter = % Change in=20 Sales
EPS%ChgTTM =3D Trailing twelve months = % Change in=20 EPS from previous TTM
EPS5YCGr% =3D EPS 5-year growth rate=20 (%)
EPS3YCGr% =3D EPS 3-year growth rate=20 (%)
ShsOutMR =3D Shares outstanding=20 (mill.)
 
The 3rd criterion was my attempt to = seek companies=20 with recently increasing earnings.
 
I think these criteria are true to = CANSLIM as=20 taught by WON/IBD, no? In fact, I think WON recommends a share price = cut-off of=20 15 instead of the 10 I'm using. If I relax all of the % Change criteria = from 25=20 to 20, I get 5 more companies. Assuming my criteria are truly = CANSLIMish, I=20 suppose it means that CANSLIMmers should be on the sidelines at least = until this=20 round of earnings reports comes in.
 
btw, the other 3 stocks (besides CHEZ) = that meet=20 the 25% criteria are ACRT, MGAM & TARO. The additional 5 that meet = the 20%=20 growth criteria are DKWD, ICUI, MINI, PENN & SCOR.
 
Please tell me if/where I'm missing the = boat=20 here.
 
Thanks,
Mike
- ------=_NextPart_000_0309_01C1A2A7.D9437740-- - - - -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, 24 Jan 2002 04:06:53 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] ELTE This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C1A48C.8E2A2D30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Ian, What I like about this one is the consistency of sales and earnings. = They had been in a slump on both for five quarters, falling to a 6 cent = loss on $12.4 million in sales. Since then, both sales and earnings have = grown consistently and sequentially, last quarter showing 23 cents net = on $18.5 million.=20 So Q4 is an easy qtr for comparison, and will depend on what management = says about 2002. But with the new CRM, and their willingness to talk = about early success, I expect bullishness. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 23, 2002 10:12 PM Subject: Re: [CANSLIM] ELTE I can't see how you can lose. 40 new customers in just 45 days for a = brand new CRM product? I don't think it is included at all in management = estimates. My gut tells me that this company is really in its sweet = spot. I wish they had released Q4 financials by now - I'm not sure what = to do if it runs before they are announced? Ian ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 23, 2002 5:41 PM Subject: [CANSLIM] ELTE Nice move today on volume, but didn't pass the pivot. I picked up = more for my VR fund based solely on TA (Technical Analysis) using MACD, = OBV, and MF (Moving Average Convergence Divergence, On Balance Volume, = Money Flow). Trying to regain my former discipline while I have some = time off and improve my timing. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_000E_01C1A48C.8E2A2D30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Ian,
 
What I like about this one is the consistency of = sales and=20 earnings. They had been in a slump on both for five quarters, falling to = a 6=20 cent loss on $12.4 million in sales. Since then, both sales and earnings = have=20 grown consistently and sequentially, last quarter showing 23 cents net = on $18.5=20 million.
 
So Q4 is an easy qtr for comparison, and will = depend on=20 what management says about 2002. But with the new CRM, and their = willingness to=20 talk about early success, I expect bullishness.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, January 23, = 2002 10:12=20 PM
Subject: Re: [CANSLIM] = ELTE

I can't see how you can lose. 40 new customers in = just 45=20 days for a brand new CRM product? I don't think it is included at all = in=20 management estimates. My gut tells me that this company is really in = its sweet=20 spot. I wish they had released Q4 financials by now - I'm not sure = what to do=20 if it runs before they are announced?
 
Ian
 
 
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, January 23, = 2002 5:41=20 PM
Subject: [CANSLIM] ELTE

Nice move today on volume, but didn't pass = the pivot.=20 I picked up more for my VR fund based solely on TA (Technical = Analysis)=20 using MACD, OBV, and MF (Moving Average Convergence Divergence, On = Balance=20 Volume, Money Flow). Trying to regain my former discipline while I = have some=20 time off and improve my timing.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_000E_01C1A48C.8E2A2D30-- - - - -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 #2076 ****************************** 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.