From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2428 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 Friday, May 17 2002 Volume 02 : Number 2428 In this issue: Re: [CANSLIM] our stuff Re: [CANSLIM] our stuff Re: [CANSLIM] our stuff Re: [CANSLIM] our stuff RE: [CANSLIM] M Re: [CANSLIM] M ---------------------------------------------------------------------- Date: Fri, 17 May 2002 19:48:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] our stuff the two biggest positions (of 3) are over $12 and average 80K to 13K ADV. Both positions I closed out (one painfully too early RMCI, up another 10% just today) also were priced in double digits with acceptable liquidity. - ----- Original Message ----- From: "Hill, Ernie" To: Sent: Friday, May 17, 2002 7:41 PM Subject: RE: [CANSLIM] our stuff Yes, Tom, but you must admit with the exception of Ian most of us don't fish in your pond. E -----Original Message----- From: Tom Worley [mailto:stkguru@bellsouth.net] Sent: Friday, May 17, 2002 5:48 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] our stuff Ernie, I think it lies largely in how you define "our stuff". My margin acct (all growth small caps) finished the week up 14.4% and 45.8% since I went from 100% cash to fully margined on Jan 30. wasn't an easy ride, at one point I was down 15%. - ----- Original Message ----- From: "Hill, Ernie" To: Sent: Friday, May 17, 2002 10:14 AM Subject: [CANSLIM] our stuff Is it just me or is it just our kind of stuff that has not really responded to the move up in the broader market averages this week. I haven't lost money, but I haven't kept pace with the S&P either. Very disappointing, I have been waiting for this little turn up in the market only to see my recent purchases move only slightly higher. It seems that the beaten down large caps are the only ones posting good gains. E ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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: Fri, 17 May 2002 19:57:47 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] our stuff sorry, make that 130K (not 13K) - ----- Original Message ----- From: "Tom Worley" To: Sent: Friday, May 17, 2002 7:48 PM Subject: Re: [CANSLIM] our stuff the two biggest positions (of 3) are over $12 and average 80K to 13K ADV. Both positions I closed out (one painfully too early RMCI, up another 10% just today) also were priced in double digits with acceptable liquidity. - ----- Original Message ----- From: "Hill, Ernie" To: Sent: Friday, May 17, 2002 7:41 PM Subject: RE: [CANSLIM] our stuff Yes, Tom, but you must admit with the exception of Ian most of us don't fish in your pond. E -----Original Message----- From: Tom Worley [mailto:stkguru@bellsouth.net] Sent: Friday, May 17, 2002 5:48 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] our stuff Ernie, I think it lies largely in how you define "our stuff". My margin acct (all growth small caps) finished the week up 14.4% and 45.8% since I went from 100% cash to fully margined on Jan 30. wasn't an easy ride, at one point I was down 15%. - ----- Original Message ----- From: "Hill, Ernie" To: Sent: Friday, May 17, 2002 10:14 AM Subject: [CANSLIM] our stuff Is it just me or is it just our kind of stuff that has not really responded to the move up in the broader market averages this week. I haven't lost money, but I haven't kept pace with the S&P either. Very disappointing, I have been waiting for this little turn up in the market only to see my recent purchases move only slightly higher. It seems that the beaten down large caps are the only ones posting good gains. E ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 17 May 2002 15:49:18 -0700 From: Ian Subject: Re: [CANSLIM] our stuff Not in my little CANSLIM universe. I had an wonderfully strong week. My ticker list even includes some with 'real' prices. I'll throw out a few here for the groups weekend perusal, admitting that I haven't checked their IBD numbers, only their most recent earnings reports, outlooks, valuations and charts: 'Real' prices: EXAC GLYN GRMN LABS RMCI SRT 'Almost' prices: ALU ANFI APFC FBAY FSTW ISIG 'Too low' prices: CTIB CVU SMAN TWH If you want to get a feel for how the market is rewarding microcaps that suddenly start to perform, check out the monthly charts for CVU, CTIB and FSTW. They are amazing to watch. Ian - - - -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: Fri, 17 May 2002 20:18:16 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] our stuff Ian, ANFI has a very weak earnings forecast (1% this year, -1% next). - ----- Original Message ----- From: "Ian" To: Sent: Friday, May 17, 2002 6:49 PM Subject: Re: [CANSLIM] our stuff Not in my little CANSLIM universe. I had an wonderfully strong week. My ticker list even includes some with 'real' prices. I'll throw out a few here for the groups weekend perusal, admitting that I haven't checked their IBD numbers, only their most recent earnings reports, outlooks, valuations and charts: 'Real' prices: EXAC GLYN GRMN LABS RMCI SRT 'Almost' prices: ALU ANFI APFC FBAY FSTW ISIG 'Too low' prices: CTIB CVU SMAN TWH If you want to get a feel for how the market is rewarding microcaps that suddenly start to perform, check out the monthly charts for CVU, CTIB and FSTW. They are amazing to watch. Ian - - - -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: Fri, 17 May 2002 21:35:31 -0500 From: "Hill, Ernie" Subject: RE: [CANSLIM] M This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C1FE14.AE0C7EA0 Content-Type: text/plain Well the 5-7 low has held up and we are in the midst of the upswing I have been anticipating, unfortunately despite the FTD I don't expect it to last much longer. The S&P is currently right in the middle of a heavy resistance area 1103 - 1111. Unless it can move through this resistance area with conviction this move will likely be over in a matter of days if not already. I still see the forecast I made on 5-9 as being the highest probable outcome for the termination of this move. The most likely target is 1112 on 5-22. NAZ doesn't look too good either. A 50% retracement of the move from the high on 3-11-02 to the low on 5-7 would give a target price of 1753.26, Thursday the NAZ hit an intraday high of 1759.33 and the intraday high for today was 1754.22. In both instances the daily highs penetrated the trend line drawn from the tops of the highs made on 3-11 and 4-17 and then closed at or below this trend line. Additionally a 38.2 % retracement (another Fibinocci number) of the larger move from the high made on 1-9-02 to the low on 5-7 yields a target price of 1766 which is the exact level where the NAZ would on 5-21 intersect the trend line drawn from the tops of the highs made on 1-9-02 and 3-11. The NAZ like the S&P is about to or has already reached the end of this current upswing in M. E - -----Original Message----- From: Hill, Ernie Sent: Thursday, May 09, 2002 4:38 PM To: canslim@lists.xmission.com Subject: [CANSLIM] M Hi group, Once again my turn signal criterion has been met by yesterday's price action. Maybe this time the low made on 5-7 will hold. The coming reaction to this current downtrend will have a hard time getting very far. I call it a reaction because the downtrend was very technically damaging from my point of view, and I don't see much chance of a fundamental change in trend, at least not the way the market looks right now. If the coming reaction is stronger than I anticipate then I may be forced to change my interpretation. I see very strong resistance in the 1103 to 1111 area on the S&P. The highest probability that I see for the top of this reaction is 1111 to occur within four days either side of 5-22. If M is able to take out this resistance level then the next most likely target from which to expect a turn back down would be in the 1126 to 1137 range with the upper part of that range being the most likely target. E ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - ------_=_NextPart_001_01C1FE14.AE0C7EA0 Content-Type: text/html Content-Transfer-Encoding: quoted-printable

<= span style=3D'font-size:12.0pt;color:navy'>Well the 5-7 low has held up and we a= re in the midst of the upswing I have been anticipating, unfortunately despite the FTD I don’t expect it to last much longer.

<= span style=3D'font-size:12.0pt;color:navy'> 

<= span style=3D'font-size:12.0pt;color:navy'>The S&P is currently right in the middle of a heavy resistance area 1103 – 1111. Unless it can move thr= ough this resistance area with conviction this move will likely be over in a matter of days if not already.

<= span style=3D'font-size:12.0pt;color:navy'> 

<= span style=3D'font-size:12.0pt;color:navy'>I still see the forecast I made on 5-= 9 as being the highest probable outcome for the termination of this move. The mo= st likely target is 1112 on 5-22.

<= span style=3D'font-size:12.0pt;color:navy'> 

<= span style=3D'font-size:12.0pt;color:navy'>NAZ doesn’t look too good eithe= r.  A 50% retracement of the move fro= m the high on 3-11-02 to the low on 5-7 would give a target price of 1753.26, Thursday the NAZ hit an intraday high of 1759.33 and the intraday high for today was 1754.22. In both instances the daily highs penetrated the trend l= ine drawn from the tops of the highs made on 3-11 and 4-17 and then closed at or below this trend line.

<= span style=3D'font-size:12.0pt;color:navy'> 

<= span style=3D'font-size:12.0pt;color:navy'>Additionally a 38.2 % retracement (an= other Fibinocci number) of the larger move from the high made on 1-9-02 to the lo= w on 5-7 yields a target price of 1766 which is the exact level where the NAZ wo= uld on 5-21 intersect the trend line drawn from the tops of the highs made on 1-9-02 and 3-11.

<= span style=3D'font-size:12.0pt;color:navy'> 

<= span style=3D'font-size:12.0pt;color:navy'>The NAZ like the S&P is about to = or has already reached the end of this current upswing in M. 

<= span style=3D'font-size:12.0pt;color:navy'> 

<= span style=3D'font-size:12.0pt;color:navy'>E

 

-----Original Message-----
From: Hill, Ernie
Sent: Thursday, May 09, 2002= 4:38 PM
To: canslim@lists.xmission.c= om
Subject: [CANSLIM] M<= /font>

 <= /o:p>

Hi group,<= /span>

 

Once again my turn signal criterion has been met by yesterday's price action. Ma= ybe this time the low made on 5-7 will hold. The coming reaction to this current downtrend will have a hard time getting very far. I call it a reaction beca= use the downtrend was very technically damaging from my point of view, and I do= n't see much chance of a fundamental change in trend, at least not the way the market looks right now. If the coming reaction is stronger than I anticipate then I may be forced to change my interpretation.

 

I see very strong resistance in the 1103 to 1111 area on the S&P. The highest probability that I see for the top of this reaction is 1111 to occur within four days either side of 5-22. If M is able to take out this resistance lev= el then the next most likely target from which to expect a turn back down would be = in the 1126 to 1137 range with the upper part of that range being the most lik= ely target.

 

E



*= *****************************************************************
T= his email and any files transmitted with it from the ElPaso
C= orporation are confidential and intended solely for the
u= se of the individual or entity to whom they are addressed.
I= f you have received this email in error please notify the
s= ender.
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******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
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If you have received this email in error please notify the
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 - ------_=_NextPart_001_01C1FE14.AE0C7EA0-- - - - -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: Fri, 17 May 2002 22:41:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] M This is a multi-part message in MIME format. - ------=_NextPart_000_03FB_01C1FDF4.02E93510 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ernie, Have you ever tried to apply the same type review to the Russell 2000, = or any other small cap index? If so, I would be interested in the = results. - ----- Original Message -----=20 From: Hill, Ernie=20 To: 'canslim@lists.xmission.com'=20 Sent: Friday, May 17, 2002 10:35 PM Subject: RE: [CANSLIM] M Well the 5-7 low has held up and we are in the midst of the upswing I = have been anticipating, unfortunately despite the FTD I don't expect it = to last much longer. =20 The S&P is currently right in the middle of a heavy resistance area 1103 = - - 1111. Unless it can move through this resistance area with conviction = this move will likely be over in a matter of days if not already. =20 I still see the forecast I made on 5-9 as being the highest probable = outcome for the termination of this move. The most likely target is 1112 = on 5-22. =20 NAZ doesn't look too good either. A 50% retracement of the move from = the high on 3-11-02 to the low on 5-7 would give a target price of = 1753.26, Thursday the NAZ hit an intraday high of 1759.33 and the = intraday high for today was 1754.22. In both instances the daily highs = penetrated the trend line drawn from the tops of the highs made on 3-11 = and 4-17 and then closed at or below this trend line. =20 Additionally a 38.2 % retracement (another Fibinocci number) of the = larger move from the high made on 1-9-02 to the low on 5-7 yields a = target price of 1766 which is the exact level where the NAZ would on = 5-21 intersect the trend line drawn from the tops of the highs made on = 1-9-02 and 3-11. =20 The NAZ like the S&P is about to or has already reached the end of this = current upswing in M. =20 =20 E =20 - -----Original Message----- From: Hill, Ernie=20 Sent: Thursday, May 09, 2002 4:38 PM To: canslim@lists.xmission.com Subject: [CANSLIM] M =20 Hi group, =20 Once again my turn signal criterion has been met by yesterday's price = action. Maybe this time the low made on 5-7 will hold. The coming = reaction to this current downtrend will have a hard time getting very = far. I call it a reaction because the downtrend was very technically = damaging from my point of view, and I don't see much chance of a = fundamental change in trend, at least not the way the market looks right = now. If the coming reaction is stronger than I anticipate then I may be = forced to change my interpretation. =20 I see very strong resistance in the 1103 to 1111 area on the S&P. The = highest probability that I see for the top of this reaction is 1111 to = occur within four days either side of 5-22. If M is able to take out = this resistance level then the next most likely target from which to = expect a turn back down would be in the 1126 to 1137 range with the = upper part of that range being the most likely target. =20 E ****************************************************************** This email and any files transmitted with it from the ElPaso=20 Corporation are confidential and intended solely for the=20 use of the individual or entity to whom they are addressed.=20 If you have received this email in error please notify the=20 sender. ****************************************************************** ****************************************************************** This email and any files transmitted with it from the ElPaso=20 Corporation are confidential and intended solely for the=20 use of the individual or entity to whom they are addressed.=20 If you have received this email in error please notify the=20 sender. ****************************************************************** - ------=_NextPart_000_03FB_01C1FDF4.02E93510 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ernie,
 
Have you ever tried to apply the same type = review to the=20 Russell 2000, or any other small cap index? If so, I would be interested = in the=20 results.
 
----- Original Message -----=20
From: Hill, Ernie=20
Sent: Friday, May 17, 2002 10:35 PM
Subject: RE: [CANSLIM] M

Well the 5-7 low has held up and = we are in=20 the midst of the upswing I have been anticipating, unfortunately despite = the FTD=20 I don=92t expect it to last much longer.

 

The S&P is currently right in = the=20 middle of a heavy resistance area 1103 =96 1111. Unless it can move = through this=20 resistance area with conviction this move will likely be over in a = matter of=20 days if not already.

 

I still see the forecast I made = on 5-9 as=20 being the highest probable outcome for the termination of this move. The = most=20 likely target is 1112 on 5-22.

 

NAZ doesn=92t look too good = either.  A 50% retracement of the move = from the=20 high on 3-11-02 to the low on 5-7 would give a target price of 1753.26, = Thursday=20 the NAZ hit an intraday high of 1759.33 and the intraday high for today = was=20 1754.22. In both instances the daily highs penetrated the trend line = drawn from=20 the tops of the highs made on 3-11 and 4-17 and then closed at or below = this=20 trend line.

 

Additionally a 38.2 % retracement = (another=20 Fibinocci number) of the larger move from the high made on 1-9-02 to the = low on=20 5-7 yields a target price of 1766 which is the exact level where the NAZ = would=20 on 5-21 intersect the trend line drawn from the tops of the highs made = on 1-9-02=20 and 3-11.

 

The NAZ like the S&P is about = to or has=20 already reached the end of this current upswing in M. 

 

E

 

-----Original=20 Message-----
From: = Hill, Ernie=20
Sent: Thursday, May = 09, 2002=20 4:38 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] = M

 

Hi=20 group,

 

Once=20 again my turn signal criterion has been met by yesterday's price action. = Maybe=20 this time the low made on 5-7 will hold. The coming reaction to this = current=20 downtrend will have a hard time getting very far. I call it a reaction = because=20 the downtrend was very technically damaging from my point of view, and I = don't=20 see much chance of a fundamental change in trend, at least not the way = the=20 market looks right now. If the coming reaction is stronger than I = anticipate=20 then I may be forced to change my interpretation.

 

I see=20 very strong resistance in the 1103 to 1111 area on the S&P. The = highest=20 probability that I see for the top of this reaction is 1111 to occur = within four=20 days either side of 5-22. If M is able to take out this resistance level = then=20 the next most likely target from which to expect a turn back down would = be in=20 the 1126 to 1137 range with the upper part of that range being the most = likely=20 target.

 

E



*****************************************************************= *
This = email and=20 any files transmitted with it from the ElPaso =
Corporation are=20 confidential and intended solely for the
use of = the=20 individual or entity to whom they are addressed. =
If you = have=20 received this email in error please notify the =
sender.
*****************************************************************= *



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This=20 email and any files transmitted with it from the ElPaso
Corporation = are=20 confidential and intended solely for the
use of the individual or = entity to=20 whom they are addressed.
If you have received this email in error = please=20 notify the=20
sender.
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 - ------=_NextPart_000_03FB_01C1FDF4.02E93510-- - - - -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 #2428 ****************************** 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.