From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2337 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 Saturday, April 20 2002 Volume 02 : Number 2337 In this issue: Re: [CANSLIM] holdings Re: [CANSLIM] book recommendation [CANSLIM] easi Re: [CANSLIM] easi [CANSLIM] Management Ownership/Fund Ownership. [CANSLIM] Recommending stocks - my thoughts RE: [CANSLIM] easi ---------------------------------------------------------------------- Date: Sat, 20 Apr 2002 19:06:33 -0500 From: "david frank" Subject: Re: [CANSLIM] holdings This is a multi-part message in MIME format. - ------=_NextPart_000_0074_01C1E89E.7C6A42A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ian, thank you for all of the good information. i am sorry i was so = blunt. your holdings reminds me somewhat of Kevin's with Coolcat. yes, = small caps have been good lately, and glad that you are making good = money. i have quite a bit of money to invest, so need to invest in = stocks with larger trading volume. good luck in the future. david ----- Original Message ----- From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 9:59 PM Subject: Re: [CANSLIM] holdings David: Since you asked, and I've been getting numerous requests for lists, I = figured I'd toss out some names for perusal. Remember that almost all of = these are far extended from where they were when their quantum volume = changes hit, and are not currently personal buy candidates. Please treat = this as a 'proof of strong "M"', which is the context in which I threw = it together: My only significant new buy this week was AIRM, at an $8 pivot point, = although I pyramided a little to some others. But I have been watching many others that I bought earlier continue to = rise: MRGE - from a pivot around $4.80 CVGR - from a pivot at $3.35 NSYS - from pivot at $8.60 PMSI - from $6.80 pivot PAGI - from a pivot at $18.10 FNIS - from a pivot at $14.30 (sold today on strong distribution) USAP - from a pivot at $9.60 TENT - from a pivot at $9 Ones that I prematurely or already sold, but are still rising:=20 NBSC - from $6 MTEC - from $24.50 pivot BEL - from $4 pivot, and $6.50 pivot, and $7 pivot ... USLB - from a pivot at $9.90 DOCC - from a pivot at $4 NWRE - from a pivot at $3 ONDI - from a pivot at $8 (was recently bought out at $12) ICTG - (from deep in the base, around $11) QGLY - (from a pivot at $4 - just sold, appears to have peaked = yesterday) ATPX - from a pivot at $20 DFXI - (I bought it and sold it the same day, for a loss, in early = November around $20. Think I sold at the bottom tick under $20 :( I have = a terrible track record of selling too early for a loss when buying in = the base - I am prone to costly vaccilation.) Others - without CANSLIM charts, but rising: FWHT - from the base at $3.25 ALOG - non-CANSLIM (but about to have massive growth) from the base in = the $38-$42 range TKCI - from the base at $10 Even issues that I consider short candidates (others might consider = them solid CANSLIM stocks) are rising strongly: CSTR DYII XMM (This was on my long list from a pivot at $9.25 - before the = recent news) I do also have a large list that are going nowhere, but I don't have = nearly as many that are actually strongly trending down, although there = are definitely some of them. Also, if I started looking through my notes at the ones that I never = purchased, but interested me, the list of rising issues would be a lot = bigger -particularly the small/microcap restaurants/retailers that I = tend to avoid - many of them are moving up on strong volume compared to = their historical averages. The point is that my watch lists, which are 95% culled from stocks = with rising revenues and EPS, and modest valuations (issues with = extraordinary upcoming growth, but non-existant current EPS like ALOG = are exceptions), are littered with strongly uptrending stocks, many = rangebound stocks, and far fewer that are trending down. What is CANSLIM = about buying them now is this: they are all showing strong growth, and = the market is clearly rewarding them for that growth. That has not = always been the case for the last 25 months. It appears to be the case = now. How much more evidence should I need? Ian PS - I realize that I am being strongly opinionated about this right = now, and I apologize if it offends. But I can't help thinking that those = who think we are still in a broad bear market are akin to the people = who, refusing to look at tech in Oct '98 - Feb '00, thought we were in = a terrible bear back then, and failed to profit from what the market was = offering. I do understand that if I had tens of millions of dollars to = manage, I might have a different perspective -as it would be decidedly = harder to place the capital efficiently. But I do not have that problem, = so it does not cloud my perspective. ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 3:57 PM Subject: Re: [CANSLIM] holdings i wonder what stocks you have been buying and at what pivot points? = and what is CANSLIM about buying stocks now other than what you "feel"? = david ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 4:10 PM Subject: Re: [CANSLIM] holdings "this is not really the time to buy stock not unless you are a = gambler and get a thrill out of losing money" My percentage of winners to losers hasn't been this high in a = loooong time. After being dogged hard work since Feb 2000, I'm finally = starting to feel like its getting a bit 'easier'. It feels like a strong = 'M' to me. And I'm reinforced in my view when MSFT can go up on the = garbage outlook they gave last night - i.e, its nice to know that I = don't have to lose sleep over broad-based panic selloffs. Ian PS - I 'bottom-fished' PENN at $10 just 16 months ago, and sold it = for a wash, saying to myself: "bottom-fishing isn't CANSLIM, = bottom-fishing isn't CANSLIM", in spite of their fabulous fundamentals = at the time. The change in average-daily-volume since its real breakout = at around $18 last April has been impressive. That's when I "should" = have bought it - I suspect the fact that I'd sold it at $10 just 4 = months earlier held me back - another valid reason for not = bottom-fishing: it might effect your future trades! ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 11:42 AM Subject: Re: [CANSLIM] holdings Chris, if you all kicked butt on wall street-what has happened = to that group??? personally,i like PENN, although it broke out this = morning at 38.80. had a flat base than small cup with great fundamentals = and high industry group. that being said-this is not really the time to = buy stock not unless you are a gambler and get a thrill out of losing = money. for every DFXI, there are many more that you will lose a lot of = money on if you don't cut your losses. david -Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 11:04 AM Subject: Re: [CANSLIM] holdings Katherine, comments from a different angle, well put and you = do make a lot of sense. I sometimes just get a little frustrated that we = don't have a watch list, and we don't quickly identify breakouts to each = other. Years ago I was part of another CANSLIM group and we really kick = butt on wall street, we did have a watch list and we all immediately = noted and discussed breakouts. I just have to realize that the dynamics = with this group is different and not try to change things. Your input is appreciated, Chris.=20 - ------=_NextPart_000_0074_01C1E89E.7C6A42A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ian, thank you for all of the good = information. i=20 am sorry i was so blunt. your holdings reminds me somewhat of Kevin's = with=20 Coolcat. yes, small caps have been good lately, and glad that you are = making=20 good money. i have quite a bit of money to invest, so need to invest in = stocks=20 with larger trading volume. good luck in the future. = david
----- Original Message ----- = From: Ian
To: canslim@lists.xmission.com=
Sent: Friday, April 19, 2002 = 9:59=20 PM
Subject: Re: [CANSLIM] = holdings

David:
 
Since you asked, and I've been getting numerous = requests for=20 lists, I figured I'd toss out some names for perusal. Remember that = almost all=20 of these are far extended from where they were when their quantum = volume=20 changes hit, and are not currently personal buy candidates. Please = treat this=20 as a 'proof of strong "M"', which is the context in which I threw = it=20 together:
 
 
 
My only significant new buy this week was AIRM, at = an $8=20 pivot point, although I pyramided a little to some = others.
 
But I have been watching many others that I bought = earlier=20 continue to rise:
MRGE - from a pivot around $4.80
CVGR - from a pivot at $3.35
NSYS - from pivot at $8.60
PMSI - from $6.80 pivot
PAGI - from a pivot at $18.10
FNIS - from a pivot at $14.30 (sold today on = strong=20 distribution)
USAP - from a pivot at $9.60
TENT - from a pivot at $9
 
 
Ones that I prematurely or already sold, but are = still=20 rising:
NBSC - from $6
MTEC - from $24.50 pivot
BEL - from $4 pivot, and $6.50 pivot, and $7 pivot ...
USLB - from a pivot at $9.90
DOCC - from a pivot at $4
NWRE - from a pivot at $3
ONDI - from a pivot at $8 (was recently bought out at $12)
ICTG - (from deep in the base, around $11)
QGLY - (from a pivot at $4 - just sold, appears to have peaked=20 yesterday)
ATPX - from a pivot at $20
DFXI - (I bought it and sold it the same day, for a loss, in = early=20 November around $20. Think I sold at the bottom tick under $20 :( I = have a=20 terrible track record of selling too early for a loss when buying in = the base=20 - I am prone to costly vaccilation.)
 
 
Others - without CANSLIM charts, but = rising:
FWHT - from the base at $3.25
ALOG - non-CANSLIM (but about to have massive = growth) from=20 the base in the $38-$42 range
TKCI - from the base at $10
 
 
Even issues that I consider short candidates = (others might=20 consider them solid CANSLIM stocks) are rising = strongly:
CSTR
DYII
XMM (This was on my long list from a pivot at = $9.25 - before=20 the recent news)
 
I do also have a large list that are going = nowhere, but I=20 don't have nearly as many that are actually strongly trending down, = although=20 there are definitely some of them.
 
Also, if I started looking through my notes at the = ones that=20 I never purchased, but interested me, the list of rising issues would = be a lot=20 bigger -particularly the small/microcap restaurants/retailers that I = tend to=20 avoid - many of them are moving up on strong volume compared to their=20 historical averages.
 
 
The point is that my watch lists, which are 95% = culled from=20 stocks with rising revenues and EPS, and modest valuations (issues = with=20 extraordinary upcoming growth, but non-existant current EPS like ALOG = are=20 exceptions), are littered with strongly uptrending stocks, many = rangebound=20 stocks, and far fewer that are trending down. What is CANSLIM about = buying=20 them now is this: they are all showing strong growth, and the market = is=20 clearly rewarding them for that growth. That has not always been the = case for=20 the last 25 months. It appears to be the case now. How much more = evidence=20 should I need?
 
Ian
 
PS - I realize that I am being strongly = opinionated about=20 this right now, and I apologize if it offends. But I can't help = thinking that=20 those who think we are still in a broad bear market are akin to the = people=20 who, refusing to look at tech in Oct '98 - Feb '00,  thought we = were in a=20 terrible bear back then, and failed to profit from what the market was = offering. I do understand that if I had tens of millions of dollars to = manage,=20 I might have a different perspective -as it would be decidedly harder = to place=20 the capital efficiently. But I do not have that problem, so it does = not cloud=20 my perspective.
 
----- Original Message -----
From:=20 david frank
To: canslim@lists.xmission.com= =20
Sent: Friday, April 19, 2002 = 3:57=20 PM
Subject: Re: [CANSLIM] = holdings

i wonder what stocks you have been = buying and=20 at what pivot points? and what is CANSLIM about buying stocks now = other than=20 what you "feel"? david
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Friday, April 19, = 2002 4:10=20 PM
Subject: Re: [CANSLIM] = holdings

"this is not really the time to buy stock not = unless you=20 are a gambler and get a thrill out of losing money"
 
My percentage of winners to losers hasn't been = this high=20 in a loooong time. After being dogged hard work since Feb 2000, = I'm=20 finally starting to feel like its getting a bit 'easier'. It feels = like a=20 strong 'M' to me. And I'm reinforced in my view when MSFT can go = up on the=20 garbage outlook they gave last night - i.e, its nice to know that = I don't=20 have to lose sleep over broad-based panic selloffs.
 
Ian
 
 
PS - I 'bottom-fished' PENN at $10 just 16 = months ago,=20 and sold it for a wash, saying to myself: "bottom-fishing isn't = CANSLIM,=20 bottom-fishing isn't CANSLIM", in spite of their fabulous = fundamentals at=20 the time. The change in average-daily-volume since its real = breakout at=20 around $18 last April has been impressive. That's when I "should" = have=20 bought it - I suspect the fact that I'd sold it at $10 just 4 = months=20 earlier held me back - another valid reason for not = bottom-fishing: it=20 might effect your future trades!
 
 
----- Original Message ----- =
From:=20 david frank
To: canslim@lists.xmission.com= =20
Sent: Friday, April 19, = 2002 11:42=20 AM
Subject: Re: [CANSLIM]=20 holdings

Chris, if you all kicked butt = on wall=20 street-what has happened to that group??? personally,i like = PENN,=20 although it broke out this morning at 38.80. had a flat = base than=20 small cup with great fundamentals and high industry group. = that=20 being said-this is not really the time to buy stock not unless = you are a=20 gambler and get a thrill out of losing money. for every DFXI, = there are=20 many more that you will lose a lot of money on if you don't cut = your=20 losses. david -Original Message -----
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Friday, April 19, = 2002=20 11:04 AM
Subject: Re: [CANSLIM]=20 holdings

Katherine, comments=20 from a different angle, well put and you do make a lot of = sense. I=20 sometimes just get a little frustrated that we don't have a = watch=20 list, and we don't quickly identify breakouts to each other. = Years ago=20 I was part of another CANSLIM group and we really kick butt on = wall=20 street, we did have a watch list and we all immediately noted = and=20 discussed breakouts. I just have to realize that the dynamics = with=20 this group is different and not try to change = things.

Your=20 input is appreciated,  Chris.=20 =
- ------=_NextPart_000_0074_01C1E89E.7C6A42A0-- - - - -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: Sat, 20 Apr 2002 21:32:51 -0400 From: "Ira Post" Subject: Re: [CANSLIM] book recommendation This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C1E8B2.EC875780 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable http://www.safemoneyreport.com/ ----- Original Message -----=20 From: Jerry Weiss=20 To: canslim@lists.xmission.com=20 Sent: Saturday, April 20, 2002 6:55 PM Subject: Re: [CANSLIM] book recommendation Robert: Does my namesake have a website? If so, what's the address? Jer Weiss ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Monday, April 08, 2002 8:29 AM Subject: [CANSLIM] book recommendation The Ultimate Safe Money Guide, Weiss. Will save you a fortune. - ------=_NextPart_000_000E_01C1E8B2.EC875780 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
http://www.safemoneyreport.com/<= /A>
----- Original Message -----
From:=20 Jerry = Weiss=20
To: canslim@lists.xmission.com=
Sent: Saturday, April 20, 2002 = 6:55=20 PM
Subject: Re: [CANSLIM] book=20 recommendation

Robert:
Does my namesake have a = website?  If so,=20 what's the address?
 
Jer Weiss
 
----- Original Message -----
From:=20 Robert=20 McGill
Sent: Monday, April 08, 2002 = 8:29=20 AM
Subject: [CANSLIM] book=20 recommendation

The Ultimate Safe Money Guide, = Weiss. =20 Will save you a = fortune.
- ------=_NextPart_000_000E_01C1E8B2.EC875780-- - - - -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: Sat, 20 Apr 2002 21:49:12 -0400 From: John Lessnau Subject: [CANSLIM] easi This is a multi-part message in MIME format. - --Boundary_(ID_7rcAuPzg1Y/zuyqYeTHJUQ) Content-type: text/plain; charset=Windows-1252 Content-transfer-encoding: 7BIT I've been at it for over one month and still have yet to find a true CANSLIM stock. EASI (group:Elec-military Systems) is another possibility I have been watching. It looks to be in a long term cup starting October 8 and currently it seems to be trying to form a handle. Why I like this stock: Strong and consistent quarterly and annual growth. 26% growth rate 40% and growing institutional owner ship (13% management ownership) Military supply company in a time of war. Nearing the pivot point. 14% off the left side of cup high. Top 10 rating by Vector Vest. Low 10 million share float So how about it? Am I getting closer to finding CANSLIM gold? - --Boundary_(ID_7rcAuPzg1Y/zuyqYeTHJUQ) Content-type: text/html; charset=Windows-1252 Content-transfer-encoding: 7BIT
I've been at it for over one month and still have yet to find a true CANSLIM stock.  EASI (group:Elec-military Systems) is another possibility I have been watching.  It looks to be in a long term cup starting October 8 and  currently it seems to be trying to form a handle. 
 
Why I like this stock:
 
Strong and consistent quarterly and annual growth.  26% growth rate
40% and growing institutional owner ship (13% management ownership)
Military supply company in a time of war.
Nearing the pivot point.  14% off the left side of cup high.
Top 10 rating by Vector Vest.
Low 10 million share float
 
 
So how about it?  Am I getting closer to finding CANSLIM gold?
- --Boundary_(ID_7rcAuPzg1Y/zuyqYeTHJUQ)-- - - - -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: Sat, 20 Apr 2002 19:04:07 -0700 (PDT) From: Simon Yang Subject: Re: [CANSLIM] easi - --0-1340783428-1019354647=:59374 Content-Type: text/plain; charset=us-ascii I think you have done a good job by looking at this stock. However finding a canslim gold is not easy at all, depending many factors. O'Neil thinks understaning the market topping and bottoming up is 50% of the complecated whole game. Maybe you would look into the market conditions for further clues. Simon Yang, simoninvestment.net John Lessnau wrote: I've been at it for over one month and still have yet to find a true CANSLIM stock. EASI (group:Elec-military Systems) is another possibility I have been watching. It looks to be in a long term cup starting October 8 and currently it seems to be trying to form a handle. Why I like this stock: Strong and consistent quarterly and annual growth. 26% growth rate40% and growing institutional owner ship (13% management ownership)Military supply company in a time of war.Nearing the pivot point. 14% off the left side of cup high.Top 10 rating by Vector Vest.Low 10 million share float So how about it? Am I getting closer to finding CANSLIM gold? - --------------------------------- Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more - --0-1340783428-1019354647=:59374 Content-Type: text/html; charset=us-ascii

I think you have done a good job by looking at this stock. However finding a canslim gold is not easy at all, depending many factors. O'Neil thinks understaning the market topping and bottoming up is 50% of the complecated whole game. Maybe you would look into the market conditions for further clues.

Simon Yang, simoninvestment.net

  John Lessnau <jl@lessnau.com> wrote:

I've been at it for over one month and still have yet to find a true CANSLIM stock.  EASI (group:Elec-military Systems) is another possibility I have been watching.  It looks to be in a long term cup starting October 8 and  currently it seems to be trying to form a handle. 
 
Why I like this stock:
 
Strong and consistent quarterly and annual growth.  26% growth rate
40% and growing institutional owner ship (13% management ownership)
Military supply company in a time of war.
Nearing the pivot point.  14% off the left side of cup high.
Top 10 rating by Vector Vest.
Low 10 million share float
 
 
So how about it?  Am I getting closer to finding CANSLIM gold?


Do You Yahoo!?
Yahoo! Games - play chess, backgammon, pool and more - --0-1340783428-1019354647=:59374-- - - - -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: Sat, 20 Apr 2002 20:07:09 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] Management Ownership/Fund Ownership. There was a thread yesterday/today about whether 81% fund ownership was too high. In my opinion it is. My best winners were stocks that had around 20% fund ownership when I got in (or at least reported as such by DGO). Yet, I have a potentially relevant sidebar on management ownership. In general, management ownership tends to be a good thing. When the top managers in the company have similar financial incentives to the investors (because they become investors), then they are more motivated to take actions that help out the stock price. Yet, there are a few exceptions: 1. I've owned stocks where management had a lot of stock options - say to buy at $20, when the stock was $25. After a bad quarter, the stock dropped to $16. After another bad quarter, the stock dropped to $11. The board of directors voted to reprice the management stock options from $20 to $8. The stock promptly dropped to $8. This ended up being one of my biggest losses - er, in that I rode it up and all the way down. 2. I've owned a stock that had 75% management ownership, and 15% institutional ownership. The problem was that 67% of the 100% (or the vast majority of the 75%) was owned by the chairman and CEO. He wasn't drawing a salary. Yet... he didn't seem interested in keeping the stock price up. The stock went from being a CANSLIM stock - to falling off the face of the earth - and is now about 80% below the initial pivot point. I was unable to get out of this one quickly, because the float was so small that the stock gapped quickly (in both directions). So...management ownership may not always be a good thing. ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more http://games.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: Sat, 20 Apr 2002 20:18:57 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] Recommending stocks - my thoughts I tend to agree with what seems to be the majority. But let me chime in here anyway. 1. I think if people want to post their buys, that's great, as long as they give reasons behind it. I am mature enough to not just tailcoat someone's trade. I've lost money (years ago) doing that; don't plan to again. Its a good way for us all to learn. 2. If people don't want to post their buys, that's fine too. The only caution I'd make is overvaluing someone's future success based on their past success. I've seen some comments like "I was up 80% in 1999, but down 15% in 2001". Take these comments for only what they are worth, a statement of past performance. Every market is different, every day is different. What someone did last year isn't relevant. What they are doing now is. 3. Very few of us "prove" our performance or qualifications. We simply have to judge whether we can get value from others based on our thoughts and reasoning that can be helped by other's comments. I could tell you I was up 140% in 1995 or down 50% in 2000 - and you'd have no idea whether I was telling the truth or not. (Both are directionally correct, but exaggerations.) Yet, if anything I post makes you think more - then I've helped. People like Tom and Katherine are good at making me think. 4. One of the things I like about this list is that a lot of the active posters talk in terms of principles or rules. I think the best value to be had on this list is to learn to think like a successful stock investor, and then follow through. If one really learns and thinks and acts, then the confidence level will be higher, and one will learn when to get in and when to get out - and not be unduly swayed by other's opinions. In order to be successful at CANSLIM, I firmly believe one needs the knowledge AND the confidence that one will be successful. My worst periods have always been when my confidence is down and my decision making wavers. Anyway... to me, this type of discussion is much more valuable than "I bought IGT because..." ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! Games - play chess, backgammon, pool and more http://games.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: Sat, 20 Apr 2002 18:43:28 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] easi This is a multi-part message in MIME format. - ------=_NextPart_000_0010_01C1E89B.42F657A0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit Fools rush in..... Looking just at the chart for a moment, there could be a handle forming, but we need a couple more days for it to be confirmed. Volume is drying up nicely, but it would have been nice to see stronger volume after the last handle formed. In fact, although this stock has risen above the pivot set on 4/2, it didn't truly break out because the volume was barely above average - compare to the heavy volume on 4/1 - the previous breakout. This suggests that if the handle is completed, that any subsequent breakout may be prone to failure also (that almost goes without saying at the moment). This stock looked like a very strong candidate prior to 4/2 based on the chart (I bought it in the handle on 3/28 and sold on 4/3 for a small profit). I would hesitate before buying it in the handle this time and would wait for a real breakout. I ran the stock through the canslim evaluator (www.cwhcharts.com/canslim) and got different results to you - weak year-on-year growth for the last three quarters (but a very strong recent quarter perhaps reflecting increased orders since 9/11). Also institutional ownership at 71%. The stock rated a 7, but could pick up an extra point if the handle is completed and the up to down volume ratio improves. Others in the group would be able to give a sounder analysis of the fundamentals so I won't even attempt to. 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 John Lessnau Sent: Saturday, April 20, 2002 3:49 PM To: canslim@lists.xmission.com Subject: [CANSLIM] easi I've been at it for over one month and still have yet to find a true CANSLIM stock. EASI (group:Elec-military Systems) is another possibility I have been watching. It looks to be in a long term cup starting October 8 and currently it seems to be trying to form a handle. Why I like this stock: Strong and consistent quarterly and annual growth. 26% growth rate 40% and growing institutional owner ship (13% management ownership) Military supply company in a time of war. Nearing the pivot point. 14% off the left side of cup high. Top 10 rating by Vector Vest. Low 10 million share float So how about it? Am I getting closer to finding CANSLIM gold? - ------=_NextPart_000_0010_01C1E89B.42F657A0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
Fools=20 rush in.....
 
Looking just at the chart for a moment, there = could be=20 a handle forming, but we need a couple more days for it to be confirmed. = Volume=20 is drying up nicely, but it would have been nice to see stronger volume = after=20 the last handle formed. In fact, although  this stock has risen = above the=20 pivot set on 4/2, it didn't truly break out because the volume was = barely above=20 average - compare to the heavy volume on 4/1 - the previous breakout.=20 This suggests that if the handle is completed, that any subsequent = breakout=20 may be prone to failure also (that almost goes without saying at the=20 moment).
 
This=20 stock looked like a very strong candidate prior to 4/2 based on the = chart (I=20 bought it in the handle on 3/28 and sold on 4/3 for a small profit). I = would=20 hesitate before buying it in the handle this time and would wait for a = real=20 breakout.
 
I ran=20 the stock through the canslim evaluator (www.cwhcharts.com/canslim) = and got=20 different results to you - weak year-on-year growth for the last three = quarters=20 (but a very strong recent quarter perhaps reflecting increased orders = since=20 9/11). Also institutional ownership at 71%. The stock rated a 7, = but could=20 pick up an extra point if the handle is completed and the up to down = volume=20 ratio improves.
 
Others=20 in the group would be able to give a sounder analysis of the = fundamentals so I=20 won't even attempt to.
 
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 John=20 Lessnau
Sent: Saturday, April 20, 2002 3:49 PM
To: = canslim@lists.xmission.com
Subject: [CANSLIM]=20 easi

I've been at it for over one month and still have = yet to=20 find a true CANSLIM stock.  EASI (group:Elec-military Systems) is = another=20 possibility I have been watching.  It looks to be in a long term = cup=20 starting October 8 and  currently it seems to be trying to = form a=20 handle. 
 
Why I like this stock:
 
Strong and consistent quarterly and annual = growth.  26%=20 growth rate
40% and growing institutional owner ship (13% = management=20 ownership)
Military supply company in a time of = war.
Nearing the pivot point.  14% off the left = side of cup=20 high.
Top 10 rating by Vector Vest.
Low 10 million share float
 
 
So how about it?  Am I getting closer to = finding=20 CANSLIM gold?
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