From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2197 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, March 12 2002 Volume 02 : Number 2197 In this issue: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Re: [CANSLIM] Pick list game (well my own) [CANSLIM] PPDI Re: [CANSLIM] Microcap Question Re: [CANSLIM] Intro: Ed Gjertsen II Re: [CANSLIM] PPDI Re: [CANSLIM] PPDI Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Re: [CANSLIM] PPDI Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Re: [CANSLIM] PPDI Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 RE: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 ---------------------------------------------------------------------- Date: Tue, 12 Mar 2002 13:47:31 -0700 From: "Duke Miller" Subject: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Is anybody watching CraftMade (CRFT). Made an feeble attempt to breakout today, but... Duke - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 16:17:10 EST From: BIKEAR@aol.com Subject: Re: [CANSLIM] Pick list game (well my own) - --part1_17c.4ebeb1f.29bfca56_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit yes..janis - --part1_17c.4ebeb1f.29bfca56_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit yes..janis - --part1_17c.4ebeb1f.29bfca56_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 18:32:11 -0800 (PST) From: Steve F Subject: [CANSLIM] PPDI Comments on PPDI would be appreciated. Would the base or handle on the right side have started on the first week of February or could it be considered to have started the third week of December. All the fundies look good, decreasing volume on the right side handle, looks like it might be ready to break out, nicer volume today. 29% fund ownership is pushing what I prefer but not terrible. Where would the pivot point be. Thanks Steve __________________________________________________ Do You Yahoo!? Try FREE Yahoo! Mail - the world's greatest free email! http://mail.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 21:33:17 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Microcap Question This is a multi-part message in MIME format. - ------=_NextPart_000_0012_01C1CA0D.860A92B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable OK, I am home and will jump in here.I will try not to get too technical = or windy. First, keep in mind that NASDAQ and NYSE/AMEX work differently. The = first is a population of independent market makers, each with their own = bid and ask price. The latter is generally represented by a floor = trader, who represents the "book" (all bids and offers) on a particular = security. In both cases, what you "see" on quotes / live quotes is the best bid = (highest price) and best offer (lowest price). With a stock on = NYSE/AMEX, typically the same floor trader is responsible for both = prices. With Naz, the bid may be one firm, the ask another.=20 When you enter a Naz order, the firm holding your order can either = execute it themselves, or farm it out to another firm. But either way, = you should always get the best bid (highest) or ask (lowest). Exceptions = would occur when you have special conditions on your order, such as AON = (All Or None), or a limit price. So a buy order of 6K at a price of .99 = might not execute if the best offer was only good for a few hundred = shares, and the next best offer was at 1.01. On the other hand, the same = order to buy 6K shares at "market" might well have executed at 99 cents, = because a market order will take precedence over a limit order. At = worse, it might have executed a penny or so higher in most cases. Orders up to 1,000 shares can be automatically executed against another = firm using SOES (Small Order Execution System). These can happen at = lightening speed, even faster than that market maker is able to adjust = their quote. I have seen a MM offering 5K shares get hit by SOES so fast = that they lose 7 or 8K shares before they can raise their offer. Often = this may force them then to go in and bid higher for stock to cover the = difference. I have also often seen a MM that is not paying attention, = and has a bid or offer out there for 100 or several hundred shares, and = not realize that they have become the best price. So their quote appears = as the "best", but it's not real because it's so small in size. A MM can drop his bid to try and force execution of some stop loss = orders, but he only knows about those stop loss orders on his own books, = he cannot see all Naz orders. Nor can he cause other MM to drop their = bid, and it still takes an execution, not a bid, to trigger a stop loss = order. Even if he gets sell or stop loss orders, he must still honor the = best market bid price (or give it to another MM) until that falls to his = new level. I haven't sat on a Trading Desk for nearly four years, so some things = may have changed, but I think a Broker Dealer still has 90 seconds to = report each execution to NASDAQ, and cause the resulting print. So in = that time interval, on a volatile stock, you could see the display of = the best bid and ask change several times, and appear to be out of whack = with the eventual print of a prior trade. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message -----=20 From: Rob Miller=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, March 12, 2002 1:24 PM Subject: Re: [CANSLIM] Microcap Question Ian, Thanks for answering my question. I wasn't aware that a market maker = could ignore the highest bid like that. If I understand you right, a = market maker can drop the bid to a point where a number of stop orders = will be executed, allowing him to accumulate shares, despite the = prevailing bid remaining at the higher price. So if I had the = prevailing bid, he can force sellers to take a lower price even though I = was willing to pay a higher price. That sounds unethical as well as = illegal. Rob =20 - ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, March 12, 2002 1:09 PM Subject: Re: [CANSLIM] Microcap Question Often times, you will see that activity in microcaps as the market = maker takes out stops set at $6.99 and buys some shares. You will = frequently see it right before a volume surge - they see some volume = bids coming in, and quickly drop the price in order to accumulate some = inventory by taking out stop-loss orders. Last week, I was trying to buy shares in a penny stock (my first in = years, but all the CANSLIM characteristics save the low price). The = bid-ask was 0.96 x 0.99. I but in an offer to buy another 6000 shares at = 0.99. I was watching a streamer and noticed that 40000 shares traded at = or below 0.99, so I assumed that my order was filled. At the end of the = day the price was 1.10, so I looked at my account and saw that I was NOT = filled! The moral is that you are subject to some nasty (unethical?) = trading practices as liquidity and price get low. The stock is at 1.40 = today, 4 trading days later :( Ian ----- Original Message -----=20 From: Rob Miller=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, March 12, 2002 7:20 AM Subject: [CANSLIM] Microcap Question Tom, I'm hoping you can answer this question for me since microcaps = are your main interest. I've not dealt with them much in the past. = I've been following a few microcaps (<$80 million market cap) and I'm = confused about the movements in the bid/ask prices. Assume the spread = is 7 X 7.15 with most trades, small lots, split evenly between those = hitting the bid and those taking the ask. However, the action is slow. = Then, the bid suddenly drops to 6.90, 6.85, 6.80, 6.75. Several trades = go off at 6.75 over just a few seconds, then the bid jumps back up to = 7.00, at which point the trading becomes slow again. The ask never = changes. In some cases, trades go off below the bid price. =20 I can understand when someone withdraws their bid causing the bid to = drop, but it seems strange that several trades go off at what appears to = be far below the prevailing market price. No trades, bid drops for a = few seconds, a few quick trades, then bid goes back up. What causes = this? It seems to scripted to be accidental. =20 Thanks, Rob=20 - ------=_NextPart_000_0012_01C1CA0D.860A92B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

OK, I am home and will jump in here.I will try = not to get=20 too technical or windy.

First, keep in mind that NASDAQ and NYSE/AMEX = work=20 differently. The first is a population of independent market makers, = each with=20 their own bid and ask price. The latter is generally represented by a = floor=20 trader, who represents the "book" (all bids and offers) on a particular=20 security.

In both cases, what you "see" on quotes / live = quotes is=20 the best bid (highest price) and best offer (lowest price). With a stock = on=20 NYSE/AMEX, typically the same floor trader is responsible for both = prices. With=20 Naz, the bid may be one firm, the ask another.

When you enter a Naz order, the firm holding = your order=20 can either execute it themselves, or farm it out to another firm. But = either=20 way, you should always get the best bid (highest) or ask (lowest).=20 Exceptions would occur when you have special conditions on your order, = such as=20 AON (All Or None), or a limit price. So a buy order of 6K at a price of = .99=20 might not execute if the best offer was only good for a few hundred = shares, and=20 the next best offer was at 1.01. On the other hand, the same order to = buy 6K=20 shares at "market" might well have executed at 99 cents, because a = market order=20 will take precedence over a limit order. At worse, it might have = executed a=20 penny or so higher in most cases.

Orders up to 1,000 shares can be automatically = executed=20 against another firm using SOES (Small Order Execution System). These = can happen=20 at lightening speed, even faster than that market maker is able to = adjust their=20 quote. I have seen a MM offering 5K shares get hit by SOES so fast that = they=20 lose 7 or 8K shares before they can raise their offer. Often this may = force them=20 then to go in and bid higher for stock to cover the difference. I = have=20 also often seen a MM that is not paying attention, and has a bid or = offer out=20 there for 100 or several hundred shares, and not realize that they have = become=20 the best price. So their quote appears as the "best", but it's not real = because=20 it's so small in size.

A MM can drop his bid to try and force execution = of some=20 stop loss orders, but he only knows about those stop loss orders on his = own=20 books, he cannot see all Naz orders. Nor can he cause other MM to drop = their=20 bid, and it still takes an execution, not a bid, to trigger a stop loss = order.=20 Even if he gets sell or stop loss orders, he must still honor the best = market=20 bid price (or give it to another MM) until that falls to his new=20 level.

I haven't sat on a Trading Desk for nearly four = years, so=20 some things may have changed, but I think a Broker Dealer still has 90 = seconds=20 to report each execution to NASDAQ, and cause the resulting print. So in = that=20 time interval, on a volatile stock, you could see the display of the = best bid=20 and ask change several times, and appear to be out of whack with the = eventual=20 print of a prior trade.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----=20

From: Rob=20 Miller

To: canslim@lists.xmission.com=

Sent: Tuesday, March 12, 2002 1:24 PM

Subject: Re: [CANSLIM] Microcap Question

Ian,

Thanks for answering my question. = I wasn't=20 aware that a market maker could ignore the highest bid like that. = If I=20 understand you right, a market maker can drop the bid to a point where a = number=20 of stop orders will be executed, allowing him to accumulate shares, = despite the=20 prevailing bid remaining at the higher price. So if = I had the=20 prevailing bid, he can force sellers to take a lower price even though I = was=20 willing to pay a higher price. That sounds unethical as well as=20 illegal.

Rob =

----- Original Message -----

From:=20 Ian =
To: canslim@lists.xmission.com=

Sent: Tuesday, March 12, 2002 = 1:09=20 PM

Subject: Re: [CANSLIM] Microcap = Question

Often times, you will see that activity in = microcaps as the=20 market maker takes out stops set at $6.99 and buys some shares. You = will=20 frequently see it right before a volume surge - they see some volume = bids=20 coming in, and quickly drop the price in order to accumulate some = inventory by=20 taking out stop-loss orders.

Last week, I was trying to buy shares in a penny = stock (my=20 first in years, but all the CANSLIM characteristics save the low = price). The=20 bid-ask was 0.96 x 0.99. I but in an offer to buy another 6000 shares = at 0.99.=20 I was watching a streamer and noticed that 40000 shares traded at or = below=20 0.99, so I assumed that my order was filled. At the end of the day the = price=20 was 1.10, so I looked at my account and saw that I was NOT filled! The = moral=20 is that you are subject to some nasty (unethical?) trading practices = as=20 liquidity and price get low. The stock is at 1.40 today, 4 trading = days later=20 :(

Ian

----- Original Message -----
From:=20 Rob=20 Miller
To: canslim@lists.xmission.com= =20

Sent: Tuesday, March 12, 2002 = 7:20=20 AM

Subject: [CANSLIM] Microcap=20 Question

Tom, I'm hoping you can answer this = question=20 for me since microcaps are your main interest. I've not dealt = with=20 them much in the past. I've been following a few microcaps = (<$80=20 million market cap) and I'm confused about the movements in the = bid/ask=20 prices. Assume the spread is 7 X 7.15 with most trades, = small=20 lots, split evenly between those hitting the bid and those taking = the=20 ask. However, the action is slow. Then, the bid suddenly = drops=20 to 6.90, 6.85, 6.80, 6.75. Several trades go off at 6.75 over = just a=20 few seconds, then the bid jumps back up to 7.00, at which point the = trading=20 becomes slow again. The ask never changes. In some = cases, trades=20 go off below the bid price.

I can understand when someone = withdraws their=20 bid causing the bid to drop, but it seems strange that several = trades go=20 off at what appears to be far below the prevailing market=20 price. No trades, bid drops for a few seconds, a few = quick=20 trades, then bid goes back up. What causes this? It = seems=20 to scripted to be accidental.

Thanks,

Rob

- ------=_NextPart_000_0012_01C1CA0D.860A92B0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 21:38:41 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Intro: Ed Gjertsen II This is a multi-part message in MIME format. - ------=_NextPart_000_004C_01C1CA0E.4734F390 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Welcome to the group, Ed I am a former stock broker and one of the older members of the group. = Been using CANSLIM for over a decade, for both clients and personal. I = look forward to your participation. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@xmission.com=20 Sent: Tuesday, March 12, 2002 10:55 AM Subject: [CANSLIM] Intro: Ed Gjertsen II Hello everyone, my name is Ed, I live just outside Chicago, Illinois. I = am an investment advisor that concentrates on CANSLIM in selecting = equities for me and my clients. My client's have no choice but to learn = about IBD and its philosophies prior to my taking on their account. I = have been following this discipline on and off for over 10 years, but = just recently started to concentrate more on the methodology over the = last three. I will probably be a "passive" listener for a day or two to = get the feel for the ebb and flow but would like to contribute when = ideas come around. I look forward to reading and conversing. Sincerely, Edward W. Gjertsen II, CFP Vice President Mack Investment Securities, Inc. ed@macktracks.com - ------=_NextPart_000_004C_01C1CA0E.4734F390 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Welcome to the group, Ed

I am a former stock broker and one of the older = members of=20 the group. Been using CANSLIM for over a decade, for both clients and = personal.=20 I look forward to your participation.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----=20

From: Edward W. = Gjertsen=20 II

To: canslim@xmission.com

Sent: Tuesday, March 12, 2002 10:55 AM

Subject: [CANSLIM] Intro: Ed Gjertsen II

Hello everyone, my = name is Ed,=20 I live just outside Chicago, = Illinois. I am an = investment=20 advisor that concentrates on CANSLIM in selecting equities for me and my = clients. My client=92s have no choice but to learn about IBD and = its=20 philosophies prior to my taking on their account. I have been = following=20 this discipline on and off for over 10 years, but just recently started = to=20 concentrate more on the methodology over the last three. I will = probably=20 be a =93passive=94 listener for a day or two to get the feel for the ebb = and flow=20 but would like to contribute when ideas come around. I look = forward to=20 reading and conversing.

Sincerely,

Edward W. Gjertsen = II,=20 CFP
Vice President
Mack Investment Securities,=20 Inc.
ed@macktracks.com

- ------=_NextPart_000_004C_01C1CA0E.4734F390-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 21:42:54 EST From: AlpineTap34@aol.com Subject: Re: [CANSLIM] PPDI Looks ready to break the triangle on a move over $34.00....with volume. If you can, pull a weekly chart and you'll see the tightening triangle pattern. This is my opinion only...from a technical perspective. Not sure about the CANSLIM criteria. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 21:50:47 EST From: Vanchee1@aol.com Subject: Re: [CANSLIM] PPDI Some might like, but for me, growth is too slow to justify its current PE. This of course does not mean much as the stock could just keep going up. Chris - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 21:43:52 -0600 From: Jerry Weiss Subject: Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Duke: If crft hits $18.50 or $18.75 with high volume, it'll go like gangbusters -- up, up, and away. Jer - ----- Original Message ----- From: "Duke Miller" To: "Canslim@Lists. Xmission. Com" Sent: Tuesday, March 12, 2002 2:47 PM Subject: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 > Is anybody watching CraftMade (CRFT). Made an feeble attempt to breakout > today, but... > > Duke > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 22:48:40 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] PPDI GRS only 74, and its not in the top 5 of its group. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: "Steve F" To: Sent: Tuesday, March 12, 2002 9:32 PM Subject: [CANSLIM] PPDI Comments on PPDI would be appreciated. Would the base or handle on the right side have started on the first week of February or could it be considered to have started the third week of December. All the fundies look good, decreasing volume on the right side handle, looks like it might be ready to break out, nicer volume today. 29% fund ownership is pushing what I prefer but not terrible. Where would the pivot point be. Thanks Steve __________________________________________________ Do You Yahoo!? Try FREE Yahoo! Mail - the world's greatest free email! http://mail.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 22:52:31 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 keeps appearing on my lists, but just can't excited about the biz Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: "Duke Miller" To: "Canslim@Lists. Xmission. Com" Sent: Tuesday, March 12, 2002 3:47 PM Subject: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Is anybody watching CraftMade (CRFT). Made an feeble attempt to breakout today, but... Duke - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 23:12:41 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] PPDI This is a multi-part message in MIME format. - ------=_NextPart_000_00E3_01C1CA1B.68F99780 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Tom & Steve, I think this is another one where some comparison to competitors within = the group is useful.... other contract research organizations are QTRN, = CVD and PRXL. PPDI stands out from the crowd and gets a "leader" vote = in my mind. The industry itself is strong and on the verge of breaking = out...many strong players within the group (even though they are in very = different businesses). This isn't necessarily my top pick from the group = as a whole, but if Duke *made* me do it....I'd go so far as to add it to = his uber-list. (Such heresy!!!) Katherine ;)) ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, March 12, 2002 9:48 PM Subject: Re: [CANSLIM] PPDI GRS only 74, and its not in the top 5 of its group. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: "Steve F" To: Sent: Tuesday, March 12, 2002 9:32 PM Subject: [CANSLIM] PPDI Comments on PPDI would be appreciated. Would the base or handle on the right side have started on the first week of February or could it be considered to have started the third week of December. All the fundies look good, decreasing volume on the right side handle, looks like it might be ready to break out, nicer volume today. 29% fund ownership is pushing what I prefer but not terrible. Where would the pivot point be. Thanks=20 Steve - ------=_NextPart_000_00E3_01C1CA1B.68F99780 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi Tom & Steve,

I think this is another one where some comparison to competitors = within the=20 group is useful.... other contract research organizations are QTRN, CVD = and=20 PRXL. PPDI stands out from the crowd and gets a "leader" vote in = my mind.=20 The industry itself is strong and on the verge of breaking out...many = strong=20 players within the group (even though they are in very different=20 businesses). This isn't necessarily my top pick from the group as a = whole, but=20 if Duke *made* me do it....I'd go so far as to add it to his uber-list. = (Such=20 heresy!!!)

Katherine ;))

----- Original Message -----

From:=20 Tom = Worley=20

To: canslim@lists.xmission.com=

Sent: Tuesday, March 12, 2002 = 9:48=20 PM

Subject: Re: [CANSLIM] = PPDI

GRS only 74, and its not in the top 5 of its = group.

Tom=20 Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From: "Steve F" <stevepdv@yahoo.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Tuesday, March 12, 2002 9:32 PM
Subject: [CANSLIM]=20 PPDI

Comments on PPDI would be appreciated. Would = the=20 base
or handle on the right side have started on the first
week = of=20 February or could it be considered to have
started the third week = of=20 December. All the fundies
look good, decreasing = volume on=20 the right side
handle, looks like it might be ready to break = out,
nicer=20 volume today.

29% fund ownership is pushing what I prefer but=20 not
terrible.

Where would the pivot point be.

Thanks=20
Steve - ------=_NextPart_000_00E3_01C1CA1B.68F99780-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 23:17:17 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 This is a multi-part message in MIME format. - ------=_NextPart_000_00EF_01C1CA1C.0D7BD980 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Jerry, Out of curiosity...is your assessment of the price potential from more = of a technical or fundamental point of view?=20 Katherine ----- Original Message -----=20 From: Jerry Weiss=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, March 12, 2002 9:43 PM Subject: Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Duke: If crft hits $18.50 or $18.75 with high volume, it'll go like = gangbusters -- up, up, and away. Jer - ------=_NextPart_000_00EF_01C1CA1C.0D7BD980 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi Jerry,

Out of curiosity...is your assessment of the price potential from = more of a=20 technical or fundamental point of view?

Katherine

----- Original Message -----

From:=20 Jerry = Weiss=20

To: canslim@lists.xmission.com=

Sent: Tuesday, March 12, 2002 = 9:43=20 PM

Subject: Re: [CANSLIM] Date: = Tue, 12 Mar=20 2002 15:46:54 -0500

Duke:
If crft hits $18.50 or $18.75 with high = volume, it'll=20 go like gangbusters --
up, up, and=20 away.
Jer
- ------=_NextPart_000_00EF_01C1CA1C.0D7BD980-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Mar 2002 20:01:29 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 This is a multi-part message in MIME format. - ------=_NextPart_000_001C_01C1CA00.B33832E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable X-MIME-Autoconverted: from 8bit to quoted-printable by pluto.wwwnexus.com id g2D60L119891 I've put together a little tool that performs an evaluation on any stock = you give it. Here's what it gives for CRFT. I'm making it available to this group in return for the valuable insights that an aging techie has gained from the subscribers to the list. You can access the tool at http://www.cwhcharts.com/canslim. Canslim Evaluation for Stock: CRFT Craftmade International(NASD) Sector: Consumer Cyclical Industry: Appliance & Tool Category Meaning* How We Measure Value Pass/Fail C Current Earnings Earnings per share growth of at least 25% = in the most recent quarter Most recent quarter year on year growth. (Publish= ed financial data). 39.71 % Pass Latest three quarters of sales growth should be a minimum of = 25% Average year on year growth for last 3 quarters. (Published financial dat= a). 24.72 % Fail Sales growth should be accelerating. Difference in year on y= ear growth rates over last 3 quarters. (Published financial data). -22.74 Fa= il A Strong Annual Earnings Growth Annual earnings growth for th= e last three years of 25% or greater 3 year compound EPS growth rate. (Published financial data). 19.27 % Fail Return on equity should be at least 17% Published financial data. 30.83 % Pass Pretax profit margins should be increasing Profit Margin for most recent quarter minus profit margin 1 year ago. (Published financial data). 1.47 Pass N New Products, Services or Leadership If a company has a dynamic new product or service, or is capitalizing on new conditions in t= he economy, this can have a dramatic impact on the price of a stock. Buy sto= cks just as they emerge from a sound "base" pattern and make new price highs. Our O'Neil CWH stock selection algorithm picks stocks with sound bases approaching new price highs. If a stock appeared on our lists in the last= 7 days it is shown here. NA Fail S Supply and Demand Watch the demand for shares by looking a= t the percentage change in volume for each of your stocks. Analyze a stock'= s daily and weekly price and volume changes. Our Relative Accumulation Rat= io (proprietary formula) compares changes in price multiplied by volume on u= p days versus same for down days. Value of at least 2 needed for pass. NA Fail L Leading Stocks in Leading Industry Groups Nearly 50% of a stock's price action is a result of its industry group's performance. Foc= us on the top industry groups, and within those groups select stocks with th= e best price performance. Multex Industry Rank ( 0 - 99 ) (26 week relative performance). Value of at least 60 needed f= or pass. 77 Fail Multex Rank within Industry ( 0 - 99 ) (4 week relative performance) 55 Not Rated The stock's Relative Price Strength Rating should be in the 8= 0s or 90s We calculate RS daily by ranking all NYSE, AMEX and NASDAQ stocks. Our RS algorithm is described here. It correlates well with IBD's. Value.= At least 80 needed for pass. 95 Pass I Institutional Sponsorship You want at least a few of the better performing mutual funds owning the stock. They're the ones who wil= l drive the stock up on a sustained basis. Institutional Ownership. Value i= n range 5 - 50% needed for pass. 34.21 % Pass No. of Institutions 44 Not Rated M Market Direction You can buy the best stocks, but if the general market is weak, most likely your stocks will be weak also. Becaus= e Market Direction is not specific to any one particular stock, we do not evaluate it on a per stock basis. Not Rated =A9 2002 cwhCharts.com Published financial data from yahoo.marketguide.com *From Investors.com AskIBD and the Ask Bill O'Neil archives Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, March 12, 2002 7:17 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Hi Jerry, Out of curiosity...is your assessment of the price potential from more = of a technical or fundamental point of view? Katherine ----- Original Message ----- From: Jerry Weiss To: canslim@lists.xmission.com Sent: Tuesday, March 12, 2002 9:43 PM Subject: Re: [CANSLIM] Date: Tue, 12 Mar 2002 15:46:54 -0500 Duke: If crft hits $18.50 or $18.75 with high volume, it'll go like gangbusters -- up, up, and away. Jer - ------=_NextPart_000_001C_01C1CA00.B33832E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I've put together a = little tool=20 that performs an evaluation on any stock you give it. Here's what it = gives for=20 CRFT.

I'm making it available to this group in = return for the=20 valuable insights that an aging techie has gained from the subscribers = to the=20 list.

You can access the tool at http://www.cwhcharts.com/cansli= m.

Canslim Evaluation=20 for Stock: CRFT = Craftmade International(NASD)=20
Sector: = Consumer=20 Cyclical Industry: Appliance & Tool=20

Category	Meaning*	How We = Measure	Value	Pass/Fail
C	Current=20 Earnings	Earnings per = share growth of=20 at least 25% in the most recent quarter	Most recent = quarter year on=20 year growth. (Published financial data).	39.71 %=20	Pass
Latest three = quarters of=20 sales growth should be a minimum of 25%	Average year = on year growth=20 for last 3 quarters. (Published financial = data).	24.72 %=20	Fail
Sales growth = should be=20 accelerating.	Difference in = year on year=20 growth rates over last 3 quarters. (Published financial=20 data).	-22.74=20	Fail
A	Strong Annual = Earnings=20 Growth	Annual = earnings growth for=20 the last three years of 25% or greater	3 year = compound EPS growth=20 rate. (Published financial data).	19.27 %=20	Fail
Return on = equity should be=20 at least 17%	Published = financial=20 data.	30.83=20 %	Pass
Pretax profit = margins should=20 be increasing	Profit Margin = for most=20 recent quarter minus profit margin 1 year ago. (Published = financial=20 data).	1.47=20	Pass
N	New = Products, Services=20 or Leadership =	If a company = has a dynamic=20 new product or service, or is capitalizing on new conditions = in the=20 economy, this can have a dramatic impact on the price of a = stock.=20 Buy stocks just as they emerge from a sound "base" pattern = and make=20 new price highs.	Our O'Neil CWH = stock=20 selection algorithm picks stocks with sound bases = approaching new=20 price highs. If a stock appeared on our lists in the last 7 = days it=20 is shown here.	NA=20	Fail
S	Supply and = Demand=20	Watch the = demand for shares=20 by looking at the percentage change in volume for each of = your=20 stocks. Analyze a stock's daily and weekly price and volume = changes.=20	Our Relative = Accumulation=20 Ratio (proprietary formula) compares changes in price = multiplied by=20 volume on up days versus same for down days. Value of at = least 2=20 needed for pass.	NA=20	Fail
L	Leading Stocks = in Leading=20 Industry Groups	Nearly 50% of = a stock's=20 price action is a result of its industry group's = performance. Focus=20 on the top industry groups, and within those groups select = stocks=20 with the best price performance.	Multex = Industry Rank ( 0 -=20 99 ) (26 week relative performance). Value of at least 60 = needed=20 for pass.	77=20	Fail
Multex Rank = within Industry (=20 0 - 99 ) (4 week relative performance)	55=20	Not Rated
The stock's = Relative Price=20 Strength Rating should be in the 80s or 90s =	We calculate = RS daily by=20 ranking all NYSE, AMEX and NASDAQ stocks. Our RS algorithm = is described=20 here. It correlates well with IBD's. Value. At least 80 = needed=20 for pass.	95	Pass
I	Institutional=20 Sponsorship	You want at = least a few of=20 the better performing mutual funds owning the stock. They're = the=20 ones who will drive the stock up on a sustained=20 basis.	Institutional = Ownership.=20 Value in range 5 - 50% needed for pass.	34.21 %=20	Pass
No. of=20 Institutions	44=20	Not Rated
M	Market = Direction=20	You can buy = the best stocks,=20 but if the general market is weak, most likely your stocks = will be=20 weak also.	Because Market = Direction is=20 not specific to any one particular stock, we do not evaluate = it on a=20 per stock basis.		Not=20 Rated

=A9 2002 = cwhCharts.com=20
Published financial data from yahoo.marketguide.com
*From=20 Investors.com AskIBD and the Ask Bill O'Neil=20 archives

Aloha,

Mike Gibbons
Proactive Technologies, = LLC

http://www.proactech.com

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Tuesday, March 12, 2002 7:17 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Date: Tue, = 12 Mar=20 2002 15:46:54 -0500

Hi Jerry,

Out of curiosity...is your assessment of the price potential from = more of=20 a technical or fundamental point of view?

Katherine

----- Original Message -----
From:=20 Jerry Weiss=20

To: canslim@lists.xmission.com =

Sent: Tuesday, March 12, 2002 = 9:43=20 PM

Subject: Re: [CANSLIM] Date: = Tue, 12=20 Mar 2002 15:46:54 -0500

Duke:
If crft hits $18.50 or $18.75 with high = volume,=20 it'll go like gangbusters --
up, up, and=20 away.
Jer
- ------=_NextPart_000_001C_01C1CA00.B33832E0-- - - - -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 #2197 ****************************** 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.