From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1218 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 20 2001 Volume 02 : Number 1218 In this issue: [CANSLIM] "M", Economics, Warnings, and the Feds Re: [CANSLIM] NBL [CANSLIM] HOC Re: [CANSLIM] "M", Economics, Warnings, and the Feds Re: [CANSLIM] HOC Re: [CANSLIM] HOC RE: [CANSLIM] Short HGS watch list Re: [CANSLIM] HOC CP (was Re: [CANSLIM] HOC) [CANSLIM] Teaching an old dog new tricks - better use of DGO [CANSLIM] Today's opening ---------------------------------------------------------------------- Date: Mon, 19 Mar 2001 22:10:22 -0500 From: "Tom Worley" Subject: [CANSLIM] "M", Economics, Warnings, and the Feds This is a multi-part message in MIME format. - ------=_NextPart_000_0068_01C0B0C1.652871E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The insanity, and emotional over-reaction, continues. Tonight's email = of companies warning included 17, all warned of lower earnings and/or = revenues. Of that, 8 were up and 9 were down. But several of the up = companies warned of earnings coming in well below half of the estimates, = while several that were down were only going to miss by a penny or so, = or even just match the estimate. Go figure!! The Feds meet tomorrow, bond market analysts appear almost perfectly = split between predicting a 50 and a 75 bias point cut. We'll hear from = Mr. G and friends around 2:15 PM or so. I still expect 50 BP, but = maintaining the bias towards future cuts. Listened to Wayne Angell, = chief economist for Bear Stearns and one of the few besides Mr. G that I = respect. He wants a full point cut (he's a former Fed Governor), and = expects over time to see a total of several more points. You go, Wayne, = maybe I can finally enjoy a mortgage rate like my parents had in the = late '40s!! Japan's Prime Minister Mori, already a political lame duck in his own = country, meets with Prez Bush and promises banking reforms to eradicate = the overwhelming burden of bad and non-performing loans. Words are = cheap, I say, and we've heard it all before. Meanwhile, Japan is pumping = more liquidity into their economy to try and revive it - cuts the = functional lending rate back to zero, too bad they need to cut it = another 3 or so points to do any real good. I'll be interested when they = start paying me to borrow money, so long as I don't have to keep it in = yen. China admits that three of its largest fiber optic cable companies broke = the Iraq boycott rules, and sold products to Iraq. Ooops, but business = is business. After all, China (thanks to Clinton) is a Most Favored = Nation now. And Mr. G is somewhat hamstrung by Japan's recession, one of the reasons = I expect no more than a half point cut in rates. Japan's economy is on = the verge of total collapse, too much cutting and stimulus here and = Japan's economy goes over the edge of the cliff. And BOJ can intimate = all it wants that it will intervene if the yen weakens too much, = currency intervention, even with the aid of other central banks, has = been proven to be a losing policy. As the ancient Chinese proverb says, May you live in interesting times!! Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_0068_01C0B0C1.652871E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
The insanity, and emotional over-reaction, = continues. =20 Tonight's email of companies warning included 17, all warned of lower = earnings=20 and/or revenues. Of that, 8 were up and 9 were down.  But several = of the up=20 companies warned of earnings coming in well below half of the estimates, = while=20 several that were down were only going to miss by a penny or so, or even = just=20 match the estimate. Go figure!!
 
The Feds meet tomorrow, bond market analysts appear = almost=20 perfectly split between predicting a 50 and a 75 bias point cut. We'll = hear from=20 Mr. G and friends around 2:15 PM or so.  I still expect 50 BP, but=20 maintaining the bias towards future cuts.  Listened to Wayne = Angell, chief=20 economist for Bear Stearns and one of the few besides Mr. G that I = respect. He=20 wants a full point cut (he's a former Fed Governor), and expects over = time to=20 see a total of several more points. You go, Wayne, maybe I can finally = enjoy a=20 mortgage rate like my parents had in the late '40s!!
 
Japan's Prime Minister Mori, already a political = lame duck in=20 his own country, meets with Prez Bush and promises banking reforms to = eradicate=20 the overwhelming burden of bad and non-performing loans. Words are = cheap, I say,=20 and we've heard it all before. Meanwhile, Japan is pumping more = liquidity into=20 their economy to try and revive it - cuts the functional lending rate = back to=20 zero, too bad they need to cut it another 3 or so points to do any real = good.=20 I'll be interested when they start paying me to borrow money, so long as = I don't=20 have to keep it in yen.
 
China admits that three of its largest fiber optic = cable=20 companies broke the Iraq boycott rules, and sold products to Iraq. = Ooops, but=20 business is business. After all, China (thanks to Clinton) is a Most = Favored=20 Nation now.
 
And Mr. G is somewhat hamstrung by Japan's = recession, one of=20 the reasons I expect no more than a half point cut in rates. Japan's = economy is=20 on the verge of total collapse,  too much cutting and stimulus here = and=20 Japan's economy goes over the edge of the cliff. And BOJ can intimate = all it=20 wants that it will intervene if the yen weakens too much, currency = intervention,=20 even with the aid of other central banks, has been proven to be a losing = policy.
 
As the ancient Chinese proverb says, May you live in = interesting times!!

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
- ------=_NextPart_000_0068_01C0B0C1.652871E0-- - - ------------------------------ Date: Mon, 19 Mar 2001 22:34:14 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] NBL Hi Patrick, What I suspect you mean is that this is a trading range stock with powerful CANSLIM numbers. DGO shows four quarters in a row with triple digit earnings growth. If this quarter simply matches last quarter, it is still up about 250%. Meantime, a line drawn across the tops and bottoms of its chart suggests a distinct up channel, and it is now at the bottom of that channel. Only flaw I see (and one I have seen in other companies in same group, which may reflect more the analysts shortcomings than the group's) is that forecasts for 2002 are down from 2001. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Patrick Wahl To: Sent: Monday, March 19, 2001 10:14 PM Subject: [CANSLIM] NBL I think I mentioned Noble (NBL) a week or two ago, right about when it had a false breakout (oops). Tonight I noticed it is sitting right on a trendline and on the 50 day moving average. For a nimble trader, this might be an ok gamble, I think low risk here, since you bail out if it moves below the most recent lows - a point or two lower. It is in one of the few groups performing well. - - - - ------------------------------ Date: Mon, 19 Mar 2001 23:13:14 EST From: Vanchee1@aol.com Subject: [CANSLIM] HOC - --part1_65.116dc627.27e832da_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit HOC, 92/97 A On amex, numbers are good, recently made new 12 month high, should continue on doing well with a good product mix. Real cheap with a 3.7 PE Chris - --part1_65.116dc627.27e832da_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit HOC, 92/97 A
On amex, numbers are good, recently made new 12 month high, should continue
on doing well with a good product mix. Real cheap with a 3.7 PE

Chris - --part1_65.116dc627.27e832da_boundary-- - - ------------------------------ Date: Mon, 19 Mar 2001 22:22:24 -0600 From: "Norman" Subject: Re: [CANSLIM] "M", Economics, Warnings, and the Feds This is a multi-part message in MIME format. - ------=_NextPart_000_0274_01C0B0C3.1278ECC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable That's it Tom! You definitely know too much. We can't have your type = running around spreading truths. Causes too much confusion, what with = all the lies being told. You mind yourself from now on and we won't = have to take any 'unnecessary' actions. Big Brother Port Lavaca, TX theboyd@tisd.net - ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Monday, March 19, 2001 9:10 PM Subject: [CANSLIM] "M", Economics, Warnings, and the Feds The insanity, and emotional over-reaction, continues. Tonight's email = of companies warning included 17, all warned of lower earnings and/or = revenues. Of that, 8 were up and 9 were down. But several of the up = companies warned of earnings coming in well below half of the estimates, = while several that were down were only going to miss by a penny or so, = or even just match the estimate. Go figure!! The Feds meet tomorrow, bond market analysts appear almost perfectly = split between predicting a 50 and a 75 bias point cut. We'll hear from = Mr. G and friends around 2:15 PM or so. I still expect 50 BP, but = maintaining the bias towards future cuts. Listened to Wayne Angell, = chief economist for Bear Stearns and one of the few besides Mr. G that I = respect. He wants a full point cut (he's a former Fed Governor), and = expects over time to see a total of several more points. You go, Wayne, = maybe I can finally enjoy a mortgage rate like my parents had in the = late '40s!! Japan's Prime Minister Mori, already a political lame duck in his own = country, meets with Prez Bush and promises banking reforms to eradicate = the overwhelming burden of bad and non-performing loans. Words are = cheap, I say, and we've heard it all before. Meanwhile, Japan is pumping = more liquidity into their economy to try and revive it - cuts the = functional lending rate back to zero, too bad they need to cut it = another 3 or so points to do any real good. I'll be interested when they = start paying me to borrow money, so long as I don't have to keep it in = yen. China admits that three of its largest fiber optic cable companies = broke the Iraq boycott rules, and sold products to Iraq. Ooops, but = business is business. After all, China (thanks to Clinton) is a Most = Favored Nation now. And Mr. G is somewhat hamstrung by Japan's recession, one of the = reasons I expect no more than a half point cut in rates. Japan's economy = is on the verge of total collapse, too much cutting and stimulus here = and Japan's economy goes over the edge of the cliff. And BOJ can = intimate all it wants that it will intervene if the yen weakens too = much, currency intervention, even with the aid of other central banks, = has been proven to be a losing policy. As the ancient Chinese proverb says, May you live in interesting = times!! Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_0274_01C0B0C3.1278ECC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
That's it Tom!  You definitely know too much.  We can't = have your=20 type running around spreading truths.  Causes too much confusion, = what with=20 all the lies being told.  You mind yourself from now on and we = won't have=20 to take any 'unnecessary' actions.
 
Big Brother
Port Lavaca, TX
 
----- Original Message -----
From:=20 Tom = Worley=20
To: CANSLIM
Sent: Monday, March 19, 2001 = 9:10=20 PM
Subject: [CANSLIM] "M", = Economics,=20 Warnings, and the Feds

The insanity, and emotional over-reaction, = continues. =20 Tonight's email of companies warning included 17, all warned of lower = earnings=20 and/or revenues. Of that, 8 were up and 9 were down.  But several = of the=20 up companies warned of earnings coming in well below half of the = estimates,=20 while several that were down were only going to miss by a penny or so, = or even=20 just match the estimate. Go figure!!
 
The Feds meet tomorrow, bond market analysts = appear almost=20 perfectly split between predicting a 50 and a 75 bias point cut. We'll = hear=20 from Mr. G and friends around 2:15 PM or so.  I still expect 50 = BP, but=20 maintaining the bias towards future cuts.  Listened to Wayne = Angell,=20 chief economist for Bear Stearns and one of the few besides Mr. G that = I=20 respect. He wants a full point cut (he's a former Fed Governor), and = expects=20 over time to see a total of several more points. You go, Wayne, maybe = I can=20 finally enjoy a mortgage rate like my parents had in the late=20 '40s!!
 
Japan's Prime Minister Mori, already a political = lame duck=20 in his own country, meets with Prez Bush and promises banking reforms = to=20 eradicate the overwhelming burden of bad and non-performing loans. = Words are=20 cheap, I say, and we've heard it all before. Meanwhile, Japan is = pumping more=20 liquidity into their economy to try and revive it - cuts the = functional=20 lending rate back to zero, too bad they need to cut it another 3 or so = points=20 to do any real good. I'll be interested when they start paying me to = borrow=20 money, so long as I don't have to keep it in yen.
 
China admits that three of its largest fiber optic = cable=20 companies broke the Iraq boycott rules, and sold products to Iraq. = Ooops, but=20 business is business. After all, China (thanks to Clinton) is a Most = Favored=20 Nation now.
 
And Mr. G is somewhat hamstrung by Japan's = recession, one of=20 the reasons I expect no more than a half point cut in rates. Japan's = economy=20 is on the verge of total collapse,  too much cutting and stimulus = here=20 and Japan's economy goes over the edge of the cliff. And BOJ can = intimate all=20 it wants that it will intervene if the yen weakens too much, currency=20 intervention, even with the aid of other central banks, has been = proven to be=20 a losing policy.
 
As the ancient Chinese proverb says, May you live = in=20 interesting times!!

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
- ------=_NextPart_000_0274_01C0B0C3.1278ECC0-- - - ------------------------------ Date: Mon, 19 Mar 2001 23:48:39 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] HOC This is a multi-part message in MIME format. - ------=_NextPart_000_00A5_01C0B0CF.1F9A5220 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable True, some numbers are good, but then there are two of the past four = quarters earnings fallings into negative territory when compared to year = prior results. And then there is the complete lack of any near base for = support. Not to mention the recent nearly 10% drop last Thursday, might = have given a few investors a little motion sickness? What is most troubling, though, is that astonishing trailing PE of 3.7. = And here I thought that PE ratios were driven by expectations. Maybe the = expectations for the future are not so good? Funny that they can't find = at least three analysts to make some forecasts and recommendations on = it? At least then DGO might deign to post some earnings forecasts for = this year. Sorry, Chris, gotta give a thumbs down on this one. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@xmission.com=20 Sent: Monday, March 19, 2001 11:13 PM Subject: [CANSLIM] HOC HOC, 92/97 A=20 On amex, numbers are good, recently made new 12 month high, should = continue=20 on doing well with a good product mix. Real cheap with a 3.7 PE=20 Chris=20 - ------=_NextPart_000_00A5_01C0B0CF.1F9A5220 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
True, some numbers are good, but then there are two = of the=20 past four quarters earnings fallings into negative territory when = compared to=20 year prior results. And then there is the complete lack of any near = base=20 for support. Not to mention the recent nearly 10% drop last Thursday, = might have=20 given a few investors a little motion sickness?
 
What is most troubling, though, is that astonishing = trailing=20 PE of 3.7. And here I thought that PE ratios were driven by = expectations. Maybe=20 the expectations for the future are not so good? Funny that they can't = find at=20 least three analysts to make some forecasts and recommendations on it? = At least=20 then DGO might deign to post some earnings forecasts for this = year.
 
Sorry, Chris, gotta give a thumbs down on this=20 one.

Tom Worley
stkguru@netside.net
ICQ # = 5568838
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com=20
Sent: Monday, March 19, 2001 = 11:13=20 PM
Subject: [CANSLIM] HOC

HOC, 92/97 = A
On=20 amex, numbers are good, recently made new 12 month high, should = continue=20
on doing well with a good product mix. Real cheap with a 3.7 PE=20

Chris - ------=_NextPart_000_00A5_01C0B0CF.1F9A5220-- - - ------------------------------ Date: Tue, 20 Mar 2001 00:29:05 EST From: Vanchee1@aol.com Subject: Re: [CANSLIM] HOC - --part1_57.13261fb0.27e844a1_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom, it really is nice to know I can throw a stock out and have you take an objective look and give your opinion, this is the kind of discussion weather pro or con on any stock I like to see on this board. I did see the drop in the last 2 of 4 qtrs. and the drop in price on Thurs. but I am discounting all that. Why, 1) the company has gone through some cost reductions, 2) no real analyst coverage because the company is small (in terms of amount of shares out) does have 1 bil in sales, 3) I believe the margins in the last two qtrs. will remain similar going forward. I am not an expert in this field but do consult part time at another refinery in Ca. and currently feel refineries will continue to see good times for a while. Now I did buy today at 22.25 and plan on selling if it hits 20, the next 2 weeks will tell the story on this one. PS, on your last list CP was the one I liked best, but wanted the gap to close, its getting real close to the 34.25 target I put on it, maybe even close enough to buy soon, also did not see it on the most recent list. Chris. - --part1_57.13261fb0.27e844a1_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom, it really is nice to know I can throw a stock out and have you take an
objective look and give your opinion, this is the kind of discussion weather
pro or con on any stock I like to see on this board. I did see the drop in
the last 2 of 4 qtrs. and the drop in price on Thurs. but I am discounting
all that. Why, 1) the company has gone through some cost reductions, 2) no
real analyst coverage because the company is small (in terms of amount of
shares out) does have 1 bil in sales, 3) I believe the margins in the last
two qtrs. will remain similar going forward.
I am not an expert in this field but do consult part time at another refinery
in Ca. and currently feel refineries will continue to see good times for a
while. Now I did buy today at 22.25 and plan on selling if it hits 20, the
next 2 weeks will tell the story on this one.

PS, on your last list CP was the one I liked best, but wanted the gap to
close, its getting real close to the 34.25 target I put on it, maybe even
close enough to buy soon, also did not see it on the most recent list.

Chris. - --part1_57.13261fb0.27e844a1_boundary-- - - ------------------------------ Date: Mon, 19 Mar 2001 22:59:45 -0800 From: "Dragon" Subject: RE: [CANSLIM] Short HGS watch list Say Tom, Maybe I can help. I am a programmer and if you give me the parameters I can write a program that does the screening for us. If you are interested lets talk. Frank - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Monday, March 19, 2001 11:36 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Short HGS watch list High Growth stocks, data from http://members.aol.com/~ranord/ I've attached the raw csv file, which has not been screened for Last Closing price >= $10.00, Last Closing price is within 15% of 52 week high, The 50 day Average Daily Volume is >= 10,000, Last Closing price is at least 2 times greater than the 52-week low. On 11:22 AM 3/19/01, Perry Stanfield Said: >Tim, > >Sorry.......help me out......HGS stands for what? any chance you could dump >your data into a spreadsheet for us? >Looks like a great group of stocks > > >Perry >----- Original Message ----- >From: "Tim Fisher" >To: >Sent: Monday, March 19, 2001 8:18 AM >Subject: [CANSLIM] Short HGS watch list > > > > Really contracted this week. As usual, E=70-99, R=60-99, G=60-99, AD=ABC, > > SMR=ABC, > > Last Closing price >= $10.00 > > Last Closing price is within 15% of 52 week high > > The 50 day Average Daily Volume is >= 10,000 > > Last Closing price is at least 2 times greater than the 52-week low > > > > Stock ERG E R G A/D SMR Growth Curr Earn Prev Earn Proj Earn Group > > NVR 296 99 99 98 B A 70 107 58 16 BUILD_RES > > CHBS 295 98 99 98 A A 73 86 363 93 RET_CLOTHES > > CHIC 293 96 99 98 A A 43 52 41 28 RET_CLOTHES > > HOV 292 96 98 98 A C 24 147 105 32 BUILD_RES > > SHFL 292 96 99 97 A A 40 31 69 23 LEIS_GAMES > > IGT 291 97 97 97 B A 19 113 100 40 LEIS_GAMES > > RJR 289 92 98 99 B C 72 25 15 14 TOBACCO > > SLOT 289 93 99 97 B A 32 34 20 22 LEIS_GAMES > > LNCR 287 91 97 99 B A 16 26 22 23 MED_OUTPAT > > RI 285 95 95 95 B B 27 31 25 24 RET_REST > > APOL 281 97 97 87 B A 38 29 31 27 COMM_SCHOOL > > SKX 280 98 99 83 B A 157 225 67 39 SHOES > > ATK 278 84 97 97 A B 15 14 18 14 ELEC_MILITARY > > SDH 277 84 98 95 A - 34 27 114 15 RET_REST > > UVV 277 82 96 99 B C 18 19 5 4 TOBACCO > > ALLY 273 77 99 97 B - NA 180 700 - LEIS_GAMES > > NYCB 273 91 97 85 B A 20 51 7 36 BANK_NE > > TKCI 273 99 99 75 A - 84 67 81 26 COMM_MISC > > GCO 271 92 96 83 B A 19 44 33 33 SHOES > > RE 270 89 95 86 C B 18 29 13 17 INS_PROP > > BWS 269 89 97 83 A C 49 32 9 10 SHOES > > ABK 268 88 94 86 B A 18 14 15 15 INS_PROP > > ESI 268 84 97 87 A A 19 122 -22 17 COMM_SCHOOL > > BKLY 261 77 98 86 B D NA 135 733 117 INS_PROP > > TTI 258 77 97 84 A C NA 200 600 102 O&F_FIELD > > SGR 257 93 99 65 A B 28 41 25 41 METAL_PROCESS > > CEFT 253 98 94 61 B A 47 37 35 33 FIN_MISC > > JHF 247 90 96 61 C C 15 32 21 10 FIN_MISC > > HSE 245 77 96 72 B B NA 283 188 92 O&G_USEXPL > > RDEN 243 73 97 73 A B 20 24 -69 16 COSMETIC > > SKE 243 80 91 72 B A NA 394 999 76 O&G_USEXPL > > TMBR 243 77 94 72 B B NA 356 389 28 O&G_USEXPL > > POG 242 77 93 72 B A NA 110 171 24 O&G_USEXPL > > > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > > > - > > > > > > >- - - ------------------------------ Date: Tue, 20 Mar 2001 06:05:47 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] HOC This is a multi-part message in MIME format. - ------=_NextPart_000_0015_01C0B103.CECC7D20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chris, Be careful factoring cost reductions into your consideration. Generally, = they are viewed as something of a non-recurring benefit, even when they = are permanent, such as layoffs, shifting to a higher profit margin = product line, closing a facility that is not cost effective. Once these = changes are achieved, and short term earnings improvement accomplished, = then there is no further earnings growth. And it is the acceleration of = earnings, not a good PE, that drives higher expectations for the future, = and thereby the price. If a refinery was running at full capacity the past six months, there is = little room for growth in the future unless they open up a new business = line. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, March 20, 2001 12:29 AM Subject: Re: [CANSLIM] HOC Tom, it really is nice to know I can throw a stock out and have you = take an=20 objective look and give your opinion, this is the kind of discussion = weather=20 pro or con on any stock I like to see on this board. I did see the = drop in=20 the last 2 of 4 qtrs. and the drop in price on Thurs. but I am = discounting=20 all that. Why, 1) the company has gone through some cost reductions, = 2) no=20 real analyst coverage because the company is small (in terms of amount = of=20 shares out) does have 1 bil in sales, 3) I believe the margins in the = last=20 two qtrs. will remain similar going forward.=20 I am not an expert in this field but do consult part time at another = refinery=20 in Ca. and currently feel refineries will continue to see good times = for a=20 while. Now I did buy today at 22.25 and plan on selling if it hits 20, = the=20 next 2 weeks will tell the story on this one.=20 PS, on your last list CP was the one I liked best, but wanted the gap = to=20 close, its getting real close to the 34.25 target I put on it, maybe = even=20 close enough to buy soon, also did not see it on the most recent list. = Chris.=20 - ------=_NextPart_000_0015_01C0B103.CECC7D20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Chris,
 
Be careful factoring cost reductions into your = consideration.=20 Generally, they are viewed as something of a non-recurring benefit, even = when=20 they are permanent, such as layoffs, shifting to a higher profit margin = product=20 line, closing a facility that is not cost effective.  Once these = changes=20 are achieved, and short term earnings improvement accomplished, then = there is no=20 further earnings growth.  And it is the acceleration of earnings, = not a=20 good PE, that drives higher expectations for the future, and thereby the = price.
 
If a refinery was running at full capacity the past = six=20 months, there is little room for growth in the future unless they open = up a new=20 business line.

Tom Worley
stkguru@netside.net
ICQ # = 5568838
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com=20
To: canslim@lists.xmission.com =
Sent: Tuesday, March 20, 2001 = 12:29=20 AM
Subject: Re: [CANSLIM] = HOC

Tom, it = really is nice=20 to know I can throw a stock out and have you take an
objective = look and=20 give your opinion, this is the kind of discussion weather
pro or = con on=20 any stock I like to see on this board. I did see the drop in
the = last 2 of=20 4 qtrs. and the drop in price on Thurs. but I am discounting
all = that.=20 Why, 1) the company has gone through some cost reductions, 2) no =
real=20 analyst coverage because the company is small (in terms of amount of=20
shares out) does have 1 bil in sales, 3) I believe the margins in = the last=20
two qtrs. will remain similar going forward.
I am not an = expert in=20 this field but do consult part time at another refinery
in Ca. and = currently feel refineries will continue to see good times for a =
while. Now=20 I did buy today at 22.25 and plan on selling if it hits 20, the =
next 2=20 weeks will tell the story on this one.

PS, on your last list = CP was=20 the one I liked best, but wanted the gap to
close, its getting = real close=20 to the 34.25 target I put on it, maybe even
close enough to buy = soon, also=20 did not see it on the most recent list.

Chris.=20 - ------=_NextPart_000_0015_01C0B103.CECC7D20-- - - ------------------------------ Date: Tue, 20 Mar 2001 06:14:24 -0500 From: "Tom Worley" Subject: CP (was Re: [CANSLIM] HOC) This is a multi-part message in MIME format. - ------=_NextPart_000_001D_01C0B105.03530860 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chris, CP did not appear on last Saturday's list because of the nearly 10% drop = during the week, which took it well below the base. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, March 20, 2001 12:29 AM Subject: Re: [CANSLIM] HOC PS, on your last list CP was the one I liked best, but wanted the gap = to=20 close, its getting real close to the 34.25 target I put on it, maybe = even=20 close enough to buy soon, also did not see it on the most recent list. = Chris.=20 - ------=_NextPart_000_001D_01C0B105.03530860 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Chris,
 
CP did not appear on last Saturday's list because of = the=20 nearly 10% drop during the week, which took it well below the = base.

Tom Worley
stkguru@netside.net
ICQ # = 5568838
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com=20
To: canslim@lists.xmission.com =
Sent: Tuesday, March 20, 2001 = 12:29=20 AM
Subject: Re: [CANSLIM] = HOC


PS, on your = last list CP=20 was the one I liked best, but wanted the gap to
close, its getting = real=20 close to the 34.25 target I put on it, maybe even
close enough to = buy=20 soon, also did not see it on the most recent list. =

Chris.=20
- ------=_NextPart_000_001D_01C0B105.03530860-- - - ------------------------------ Date: Tue, 20 Mar 2001 08:15:11 -0500 From: "Tom Worley" Subject: [CANSLIM] Teaching an old dog new tricks - better use of DGO This is a multi-part message in MIME format. - ------=_NextPart_000_0042_01C0B115.E22CF2C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I found myself with some extra time on my hands this morning, and was = bored, so decided to do some exploring in DGO. For new users (and even the old ones like me), the "Info For You" button = has been greatly enhanced, and under Tips and Tricks has all kinds of = good info. For example, I found that you can open a Report, select the = first stock and minimize it, hit the F1 or F2 key, then continue = scrolling thru the rest of the list by just hitting the space bar. One = keystroke instead of the two I had been using (down arrow, ENTER). Will = save me time doing the DGO List. I also found that I can display multiple stocks at the same time by = clicking on Windows / New Window and putting in a symbol. Then click on = Windows again and select Tile Vertically or Tile Horizontally. This just keeps getting better. Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_0042_01C0B115.E22CF2C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I found myself with some extra time on my hands this = morning,=20 and was bored, so decided to do some exploring in DGO.
 
For new users (and even the old ones like me), the = "Info For=20 You" button has been greatly enhanced, and under Tips and Tricks has all = kinds=20 of good info.  For example, I found that you can open a Report, = select the=20 first stock and minimize it, hit the F1 or F2 key, then continue = scrolling thru=20 the rest of the list by just hitting the space bar. One keystroke = instead of the=20 two I had been using (down arrow, ENTER). Will save me time doing the = DGO=20 List.
 
I also found that I can display multiple stocks at = the same=20 time by clicking on Windows / New Window and putting in a symbol. Then = click on=20 Windows again and select Tile Vertically or Tile = Horizontally.
 
This just keeps getting better.

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
- ------=_NextPart_000_0042_01C0B115.E22CF2C0-- - - ------------------------------ Date: Tue, 20 Mar 2001 08:28:35 -0500 From: "Tom Worley" Subject: [CANSLIM] Today's opening This is a multi-part message in MIME format. - ------=_NextPart_000_004B_01C0B117.C21516A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Asia was mixed overnight, but all European exchanges are now up. = Futures have been essentially flat to the positive side for the past few = hours, Naz now trying to hold a 1% gain. Looks like Day 2 is now in the hands of the Feds, with six hours to go. = If we get a 50 BP cut as I expect, it will be interesting to see market = reaction to see if we will continue this "back and fill" action near a = bottom, go even lower, or finally truly reverse the long downtrend. Course, should we get 75 BP, then we should hear resounding smacks of = hands hitting foreheads as the commentators tell us we obviously are in = far worse shape than we realized, and only the Feds know just how close = we are to a recession. Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_004B_01C0B117.C21516A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Asia was mixed overnight, but all European exchanges = are now=20 up.  Futures have been essentially flat to the positive side for = the past=20 few hours, Naz now trying to hold a 1% gain.
 
Looks like Day 2 is now in the hands of the Feds, = with six=20 hours to go. If we get a 50 BP cut as I expect, it will be interesting = to see=20 market reaction to see if we will continue this "back and fill" action = near a=20 bottom, go even lower, or finally truly reverse the long = downtrend.
 
Course, should we get 75 BP, then we should hear = resounding=20 smacks of hands hitting foreheads as the commentators tell us we = obviously are=20 in far worse shape than we realized, and only the Feds know just how = close we=20 are to a recession.

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
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