From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1323 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, April 27 2001 Volume 02 : Number 1323 In this issue: Re: [CANSLIM] Anyone watching CPS? [CANSLIM] (no subject) Re: [CANSLIM] Anyone watching CPS? Re: [CANSLIM] Anyone watching CPS? [CANSLIM] Candidates [CANSLIM] In DHI Re: [CANSLIM] was "q for Tim and Earl"...,also C&H controversy [CANSLIM] RCGI pullback Re: [CANSLIM] was "q for Tim and Earl", now buying before earnings Re: [CANSLIM] CHIC is breaking out Re: [CANSLIM] Anyone watching CPS? RE: [CANSLIM] was "q for Tim and Earl", now buying before earnings Re: [CANSLIM] RCGI pullback Re: [CANSLIM] RCGI pullback Re: [CANSLIM] was "q for Tim and Earl"...,also C&H controversy Re: [CANSLIM] RCGI pullback [CANSLIM] DFXI Breakout [CANSLIM] Market Re: [CANSLIM] DFXI Breakout [CANSLIM] Re: Earnings growth (was a bunch of stuff!) Re: [CANSLIM] Market ---------------------------------------------------------------------- Date: Fri, 27 Apr 2001 06:52:32 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Anyone watching CPS? David, I see nothing glaringly obvious about this one, just doesn't grab me. Numerous minor deficiencies, including as you mention group strength (GRS 55). If you count 8 weeks as the base, then looks to me like a wide and loose pattern. It is also ranked well down in the group. The top six all have RS of 92 or better. If you like the group, take a look at TGIC, it may be in the process of completing a four month cup. Earnings not spectacular, but latest qtr very strong. Tom Worley stkguru@netside.net - ----- Original Message ----- From: David Thompson To: Sent: Friday, April 27, 2001 6:21 AM Subject: [CANSLIM] Anyone watching CPS? Looks like CPS, part of the insurance group is getting ready to break out of a fairly decent 8 week base. 96 EPS, RS of 83, SMR A, and A/D of B. Group strength, however, is a C. Any ideas? David - - - -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, 27 Apr 2001 07:02:00 EDT From: AJAskey@aol.com Subject: [CANSLIM] (no subject) - --part1_d9.138e6809.281aaba8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit << Looks like CPS, part of the insurance group is getting ready to break out of a fairly decent 8 week base. 96 EPS, RS of 83, SMR A, and A/D of B. Group strength, however, is a C. Any ideas? David >> I read this as a nice cup with small handle. But, when it breaks out of the formation, it is still not at a high. There would still be quite a bit of overhead resistance until about 44.67 (12/29/00). How do others read this and how would you handle it (buy/watch/ignore)? Thanx. Andy Askey - --part1_d9.138e6809.281aaba8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit << Looks like CPS, part of the insurance group is getting ready to break out
of a fairly decent 8 week base. 96 EPS, RS of 83, SMR A, and A/D of B. Group
strength, however, is a C.  Any ideas?
David  >>


I read this as a nice cup with small handle.  But, when it breaks out of the
formation, it is still not at a high.  There would still be quite a bit of
overhead resistance until about 44.67 (12/29/00).  How do others read this
and how would you handle it (buy/watch/ignore)?

Thanx.
Andy Askey - --part1_d9.138e6809.281aaba8_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: Fri, 27 Apr 2001 07:49:13 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Anyone watching CPS? Doesn't look quite right. The right side of the cup and handle, if thats what it is, has formed lower than the left side, and it also had the spike up to around 40 in December, so it has some overhead supply to overcome. Also has slowing sales, a not very exciting increase of 10% last quarter. It could be ok, but I think there are better looking charts out there. One I noticed last night is SKX, a shoemaker, that broke out. QP has it with a 90+ EPS ranking. It may be somewhat lower according to IBD since it has a shorter earnings history, but recent sale and earnings gains have been good. On 27 Apr 01, at 3:21, David Thompson wrote: > Looks like CPS, part of the insurance > group is getting ready to break out of a > fairly decent 8 week base. 96 EPS, RS of > 83, SMR A, and A/D of B. Group strength, > however, is a C. > > Any ideas? > > David > > > - > -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, 27 Apr 2001 08:34:53 -0600 From: esetser Subject: Re: [CANSLIM] Anyone watching CPS? It looks to be a little deep in the base to be buying right now. WON recommends handles that are in the top 50% of the base. Let me do a quick calc here, high was 44.67, low was 29.54, that gives you a midpoint of 37.11. You would want any handle to be above this level, and actually, you would prefer to have it in the top 25% of the base to maximize your odds of success (above 40.88). I think the idea is that the higher the handle is in the base, the less overhead resistance is left after a breakout. The one BIG advantage of a breakout to a new high is that there is no overhead resistance. However, you may not have shaken out the weak holders, and there is the disadvantage. At 03:21 AM 4/27/01 -0700, you wrote: >Looks like CPS, part of the insurance >group is getting ready to break out of a >fairly decent 8 week base. 96 EPS, RS of >83, SMR A, and A/D of B. Group strength, >however, is a C. > >Any ideas? > >David > > >- >-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, 27 Apr 2001 08:46:13 -0600 From: esetser Subject: [CANSLIM] Candidates Hmm, I posted (or thought I did) a list of candidates to watch today and early next week. I printed it out for myself, but it looks like somehow I fooled myself and didn't send it out (it's not in my outbox). Oh well, here's the quick list of potential candidates I am watching today. Note that a couple have gone skyward today already and are well out of range. BZH CHS COLM DHI WBB RYL SKX I find it very interesting that 2 industry groups are dominating my lists right now. I would say these two are showing market leadership potential if this rally can hold. The 2 groups are Bldg-Resident/Commrcl and Retail-Apparel/Shoe. These are ranked #1 and #21 as of today. The thing I've noticed is strong moves in both groups with multiple new highs and several cup with handle breakouts, all on very high volume. I feel strongly that these groups are the leaders this week. I'm not so sure how a strong an indicator this is for the rest of the rally. What do you think?? - - - -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, 27 Apr 2001 09:31:52 -0600 From: esetser Subject: [CANSLIM] In DHI Okay, okay, I give. I agree on DHI, and I'm in at 25. - - - -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, 27 Apr 2001 12:17:21 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] was "q for Tim and Earl"...,also C&H controversy David: Yours is an interesting observation. Today in WON "answers-to- questions" (on the IBD site), someone asked him since there are few "highly rated" stock BOs, should the rally be suspect. WON's reply was that it takes time for potential leaders to form the right side of their base. He added that these groups: medical, retail, building, and some financials, are breaking out-and so are the new leaders. David, are you suggesting that if the techs don't start breaking out, we could very well be in a bear rally? In a message dated 4/26/2001 10:01:51 PM Eastern Daylight Time, dcsquires1@home.com writes: << ...I would note there is one other important trait to a good bull....a dynamic leadership group. We still don't have that and longer term that makes this rally suspect. Short-term...I'm taking it day by day! >> Also, in today's Investors Corner which talks about saucers, Christina Wise says that C&H can drop 50-60%. She doesn't specify whether this is new IBD philosophy, whether WON agrees with her, or if she is taking into account the bear market when she says a C&H can drop 50-60%. jans - - - -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, 27 Apr 2001 09:50:30 -0700 From: "Bill Triffet" Subject: [CANSLIM] RCGI pullback Looks like RCGI broke out yesterday on its earnings news. Today has a pullback that for me looks like a chance to get my feet wet. Only concern is it may just drop back to its long strong base. As bases go, this is sure a solid one for this market. - -Bill Triffet - - - -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, 27 Apr 2001 09:19:36 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] was "q for Tim and Earl", now buying before earnings It was not my intent to show an "opinionated stance" as suggested here. I was merely pointing out, in response to other comments, that according to Investor's Corner articles & WON's online statements and publications CANSLIM is not a bear market investment system. A few months ago, WON himself, in his thought of the day at the IBD website, stated that no one (I presume that refers to CANSLIM adherents) should be buying in this market. Prepare for the next bull, yes; buy now, no. Of course, that was then and this is now. My point at the time was that the CANSLIM system should not be faulted for failure in a bear - or even choppy - market when the formulator of CANSLIM categorically states that it is not made for that. After all, when are chances better for being whipsawed: in a bull market showing a strong uptrend (LLUR)? Or in a market pattern we are seeing today? I hope the answer is obvious: today's market actions are whipsawing folks all over the place. Contributors to this forum have been testifying to that. Doesn't mean that we can't be in the market now, nor does it mean that we can't be applying CANSLIM principles now. And I didn't mean to imply that we can't take the M day by day. (I'm in, but not using CANSLIM). I am simply saying that if CANSLIM principles are being applied but are not working out right now, there is a reason for that: the M is just not conducive to the CANSLIM system quite yet. Happy Investing/Trading, Charles Layne - ----- Original Message ----- From: "David Squires" To: Sent: Thursday, April 26, 2001 8:58 PM Subject: Re: [CANSLIM] was "q for Tim and Earl", now buying before earnings > I certainly agreed. The quoted text seems to show an opinionated stance > rather than "taking the market day by day" as WON suggests. However, I would > note there is one other important trait to a good bull....a dynamic > leadership group. We still don't have that and longer term that makes this > rally suspect. Short-term...I'm taking it day by day! - - - -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, 27 Apr 2001 12:56:23 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] CHIC is breaking out In a message dated 4/27/2001 2:46:52 AM Eastern Daylight Time, david@epud.net writes: << Anna, Interesting thing about CHIC is that despite today's strong move on higher than average Vol. there were actually more shares traded on down tics than on up. This "money flow" measure of today's trading totalled -76,000 and I would watch to see if this washed out sellers or if this turns into a classic bull trap. David >> David: Where do you get downtick-volume information on individual stocks? jans - - - -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, 27 Apr 2001 13:06:31 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] Anyone watching CPS? David: The annual earnings look very nice, and it bounced off the 200 and remained above the 50 DMA. However, the nadir of the base is V-shape. Not only that but it fell nearly 100% in this 2nd base (after the first base failed). Additionally, it looks to me that institutions supported it that one day; there has not yet been a level base on low volume. Moreover, look at the RS line. CPS made a new high, but the RS line didn't. jans In a message dated 4/27/2001 3:22:20 AM Eastern Daylight Time, david@epud.net writes: << Looks like CPS, part of the insurance group is getting ready to break out of a fairly decent 8 week base. 96 EPS, RS of 83, SMR A, and A/D of B. Group strength, however, is a C. Any ideas? David >> - - - -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, 27 Apr 2001 13:47:51 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] was "q for Tim and Earl", now buying before earnings If a base falls 60%, then it needs to rise 150% just to get back up and form the cup. Somehow this doesn't seem right. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Thursday, April 26, 2001 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] was "q for Tim and Earl", now buying before earnings My initial reaction to that was that if WON was dead, he'd roll over in his grave at someone calling a 60% plummet a "base". Then I read HTMMIS. He does allow for that strong a drop in a bear M. Still doesn't mean there are any with 60% declines on my watch list! At 05:03 PM 4/25/2001 -0600, you wrote: >Ah, so we have a difference in definitions! I define the period of the >base as the period from the previous high to the handle or new high. I >believe this is consistent with today's Investor's Corner (previously >posted) which defines a base as corrections up to 60%. > > >At 06:06 PM 4/25/01 -0400, you wrote: > >Sorry, David, the decline from 2/7 to 2/22 is too steep for me to > >count that as any part of a base. It's around 20%, which if it > >was an index, would be called a bear market. > > > >If you only look from 2/7 to 4/18, and compress the graph with > >weekly charts rather than daily, then there is more of a base > >formation. But I still find the chart fits better (using daily > >charts) into a LLUR formation. > > > >Tom Worley > >stkguru@netside.net > > > > > >----- Original Message ----- > >From: David Squires > >To: > >Sent: Wednesday, April 25, 2001 5:45 PM > >Subject: Re: [CANSLIM] was "q for Tim and Earl", now buying > >before earnings > > > > > >>>I continue to see MDC as a LLUR. The base you mention at 3/28 > >was > > too short and insignificant in the overall pattern for me to > >call > > it a base.<< > > > > > >IMO, the base starts on 2/7 and ends on 4/18 with the attempted > >breakout of > >a high handle (the other handle had too much volume). That's long > >enough to > >qualify as an O'Neil base...flat base. The stock has a tendency > >to from > >tails but five tails in the last 6 days is pretty significant. > >There is > >(was) clearly a big seller at 44ish. Given that, the stock has > >held up > >reasonable well. If it breaks 44 it's off to the > >races...otherwise support > >is 39ish. Many of the stocks in this group are acting very good. > > > >Good Trading, > >Dave > >----- Original Message ----- > >From: "Tom Worley" > >To: > >Sent: Wednesday, April 25, 2001 4:20 PM > >Subject: Re: [CANSLIM] was "q for Tim and Earl", now buying > >before earnings > > > > > >> Hi Spencer, > >> > >> I continue to see MDC as a LLUR. The base you mention at 3/28 > >was > >> too short and insignificant in the overall pattern for me to > >call > >> it a base. > >> > >> I do note that it rarely breaks the 50 DMA, and because of that > >> would likely use that as the lower trendline rather than a > >> straight line across the lows (but watching price and volume > >> closely when it is falling, and be ready to act quickly). > >> > >> I don't attach as much significance to the lack of price gains > >in > >> the past five days, but would take it as a warning sign to > >watch. > >> It is important with a LLUR to recognize when / if it changes > >its > >> character and ceases to be a LLUR, however briefly. That is a > >> sell signal that screams at you, because the whole basis for > >> buying it is the LLUR pattern. > >> > >> "M" is very unstable right now, and affects LLUR stocks just > >like > >> any others. > >> > >> Tom Worley > >> stkguru@netside.net > >> > >> > >> ----- Original Message ----- > >> From: > >> To: > >> Sent: Wednesday, April 25, 2001 1:49 PM > >> Subject: Re: [CANSLIM] was "q for Tim and Earl", now buying > >> before earnings > >> > >> > >> Anna, > >> > >> This is how I see MDC: I believe it is in an primary LLUR > >. > >> I believe > >> someone also said that it showed a basing formation. I > >wouldn't > >> have caught > >> that (I see one now where the BO was around 3/28 at $39. > >> However, I imagine > >> stocks can have more than one formation, and the LLUR seems to > >be > >> the main > >> one). I do see the LLUR. It is pretty obvious, and its up > >> trendline has > >> been pretty darn accurate at 9-11 points since last June. > >> > >> Notice, though, that it isn't rising so much over the last > >5 > >> days-even > >> though volume has exploded. To me, this indicates churning (no > >> demand). It > >> is also important to note that during this temporary bull that > >we > >> are having, > >> it hasn't popped up strongly. I believe it will now fall to > >the > >> down > >> trendline. In the past, after it hits the trendline, it > >bounces > >> up, and then > >> falls again (testing the low-but at a higher price level). I > >> would buy > >> following the 2nd fall, buying at the down trendline break on > >> high volume. > >> Also, I would probably use short moving averages to confirm-all > >> of them being > >> on a daily basis (eg. the daily penetrating the 4 penetrating > >the > >> 10). > >> > >> Thank you for presenting an interesting case study. > >> > >> Any other responses on how MDC is viewed? > >> > >> jans > >> > >> > >> - > >> -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. > > > > > > > >- > >-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. Tim Fisher Ore-ROCK-On Rockhounding Web Site Pacific Fishery Biologists Information mailto:tim@OreRockOn.com WWW http://OreRockOn.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: Fri, 27 Apr 2001 12:26:12 -0600 From: DougC Subject: Re: [CANSLIM] RCGI pullback RCGI base does look good. It has very good numbers and is in a strong group with with GRS A (83). My concern about RCGI is it's RS is only 82 and it's earnings arent out until 05/01. Have you looked at PPDI and other stocks in that group with stronger RS? PPDI is the best in the group with RS of 99 and EPS of 95. All it's other numbers and ratings are also very strong. And its just released earnings show 107% increase over same quarter previous year. It broke out three days ago from a C&H. It's stock price is currently extended only about 8% (60.15) above its pivot point of around 56. At 09:50 AM 4/27/01 -0700, you wrote: >Looks like RCGI broke out yesterday on its earnings news. Today has a >pullback that for me looks like a chance to get my feet wet. Only concern is >it may just drop back to its long strong base. As bases go, this is sure a >solid one for this market. > >-Bill Triffet > > >- >-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, 27 Apr 2001 12:24:30 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] RCGI pullback Yes, RS is a bit low. It caught my eye as IBD had mentioned it and that handle really stuck out. I wasn't aware of PPDI. It's looking like a breakout from a double bottom. It also appears to be either pulling back or may base a while. I prefer a short base for those but not critical.Very tempting. I would not put the two in the same group though. One is healthcare service the other pharmaceutical. - -Bill Triffet - ----- Original Message ----- From: "DougC" To: Sent: Friday, April 27, 2001 11:26 AM Subject: Re: [CANSLIM] RCGI pullback > RCGI base does look good. It has very good numbers and is in a > strong group with with GRS A (83). My concern about RCGI > is it's RS is only 82 and it's earnings arent out until 05/01. > Have you looked at PPDI and > other stocks in that group with stronger RS? PPDI is the best in the > group with RS of 99 and EPS of 95. All it's other numbers and ratings > are also very strong. And its just released earnings show 107% increase > over same quarter previous year. It broke out three days ago from a > C&H. It's stock price is currently extended only about 8% (60.15) above its > pivot point of around 56. > > At 09:50 AM 4/27/01 -0700, you wrote: > >Looks like RCGI broke out yesterday on its earnings news. Today has a > >pullback that for me looks like a chance to get my feet wet. Only concern is > >it may just drop back to its long strong base. As bases go, this is sure a > >solid one for this market. > > > >-Bill Triffet > > > > > >- > >-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, 27 Apr 2001 14:19:27 -0500 From: "David Squires" Subject: Re: [CANSLIM] was "q for Tim and Earl"...,also C&H controversy Hi Jans, Not necessary... but in some ways yes. However, I am not talking about tech and tech only. If someone can find a period when the market started a new bull cycle(as opposed to ending a bear cycle, which we may be doing here) that was not lead by a dynamic leadership group I would like to see it. By dynamic I mean the kind of exploding sales and earnings we are used to seeing in O'Neil's model stocks. I am not talking about cyclical earnings expansion which many of the current leadership depend on. O'Neil's comments are as objective as always and I agreed those groups are breaking out, holding and setting up behind. This can be nothing but a positive for the market and I am looking for longs. But ask yourself one question...do retailers, home builders, S&L's, and selected financials have the kind of earnings power to warrant the ratio expansion of most dynamic leadership groups? Also, from a strictly practical standpoint, after the NASDAQ drop we've had do you think we will get a V bottom? This would break a record I think. My feeling is this is a bear market rally but so what. If stocks are breaking out and following through I will still be involved. However, if this rally eventually fails it will be the next down leg that will separate the men from the boys in growth stocks. All the best, Dave - ----- Original Message ----- From: To: Sent: Friday, April 27, 2001 11:17 AM Subject: Re: [CANSLIM] was "q for Tim and Earl"...,also C&H controversy > David: > > Yours is an interesting observation. Today in WON "answers-to- > questions" (on the IBD site), someone asked him since there are few "highly > rated" stock BOs, should the rally be suspect. WON's reply was that it takes > time for potential leaders to form the right side of their base. He added > that these groups: medical, retail, building, and some financials, are > breaking out-and so are the new leaders. > > David, are you suggesting that if the techs don't start breaking out, we > could very well be in a bear rally? > > In a message dated 4/26/2001 10:01:51 PM Eastern Daylight Time, > dcsquires1@home.com writes: > > << ...I would > note there is one other important trait to a good bull....a dynamic > leadership group. We still don't have that and longer term that makes this > rally suspect. Short-term...I'm taking it day by day! >> > > Also, in today's Investors Corner which talks about saucers, Christina > Wise says that C&H can drop 50-60%. She doesn't specify whether this is new > IBD philosophy, whether WON agrees with her, or if she is taking into account > the bear market when she says a C&H can drop 50-60%. > > jans > > - > -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, 27 Apr 2001 13:48:39 -0600 From: DougC Subject: Re: [CANSLIM] RCGI pullback Oops. I was going a little too fast when I was checking out RCGI and comparing it to PPDI. You're right about PPDI being a double bottom. I didnt hide the data box on the DGO graph so I missed the complete pattern. DGO has both stocks in the same Medical/Dental/Services group. But it is interesting that RCGI is Patient Services oriented and PPDI is Pharm and Biotech research services oriented. At 12:24 PM 4/27/01 -0700, you wrote: >Yes, RS is a bit low. It caught my eye as IBD had mentioned it and that >handle really stuck out. > >I wasn't aware of PPDI. It's looking like a breakout from a double bottom. >It also appears to be either pulling back or may base a while. I prefer a >short base for those but not critical.Very tempting. I would not put the two >in the same group though. One is healthcare service the other >pharmaceutical. > >-Bill Triffet > >----- Original Message ----- >From: "DougC" >To: >Sent: Friday, April 27, 2001 11:26 AM >Subject: Re: [CANSLIM] RCGI pullback > > > > RCGI base does look good. It has very good numbers and is in a > > strong group with with GRS A (83). My concern about RCGI > > is it's RS is only 82 and it's earnings arent out until 05/01. > > Have you looked at PPDI and > > other stocks in that group with stronger RS? PPDI is the best in the > > group with RS of 99 and EPS of 95. All it's other numbers and ratings > > are also very strong. And its just released earnings show 107% increase > > over same quarter previous year. It broke out three days ago from a > > C&H. It's stock price is currently extended only about 8% (60.15) above >its > > pivot point of around 56. > > > > At 09:50 AM 4/27/01 -0700, you wrote: > > >Looks like RCGI broke out yesterday on its earnings news. Today has a > > >pullback that for me looks like a chance to get my feet wet. Only concern >is > > >it may just drop back to its long strong base. As bases go, this is sure >a > > >solid one for this market. > > > > > >-Bill Triffet > > > > > > > > >- > > >-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. - - - -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, 27 Apr 2001 13:03:14 -0700 (PDT) From: Victor Ming Subject: [CANSLIM] DFXI Breakout DFXI Breakout on relatively high volume... any thoughts? __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.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: Fri, 27 Apr 2001 14:09:21 -0600 From: "Patrick Wahl" Subject: [CANSLIM] Market Things are starting to look fairly good to me. The S&P closed on its high for the day, meaning people are willing to take positions home over the weekend. The GDP number was better than expected, not a recession number, inventories are reportedly coming down, we have had a bunch of rate cuts, I am starting to think the wind is at our backs. This week I was also seeing a number of stocks breaking out of sound looking bases. Got my toe back in the market this week, think I will be getting in more substantially next week. - - - -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, 27 Apr 2001 16:18:35 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] DFXI Breakout Only obvious complaint would be a weak group (GRS 29). I do note that despite monstrous 5 year earnings growth rate of 152% and ROE (57%), cash flow at $1.77 barely exceeds last year's earnings at $1.72. But don't know if this is significant, and haven't checked cash flow for Q1. Got some funds (9%), got some management ownership (17%). Got four straight sequential qtrs of increasing earnings, and eight straight qtrs of increasing sales. Chart wise, I see it breaking out from a cup with a poorly formed and short handle. But you could get away with that with such strong fundies and in this rally. At the moment, it is ranked # 3 in its group, ELY and OO are leading. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Victor Ming To: Sent: Friday, April 27, 2001 4:03 PM Subject: [CANSLIM] DFXI Breakout DFXI Breakout on relatively high volume... any thoughts? __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.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: Fri, 27 Apr 2001 13:25:52 -0700 From: Tim Fisher Subject: [CANSLIM] Re: Earnings growth (was a bunch of stuff!) Is not one of WON's model stocks Sysco? The food services co? If homebuilders do not have the earnings growth to qualify, then food services certainly don't...of the groups that historically have a high percentage of high growth stocks, the leaders are currently leisure-games, retail-misc, and oil field services. This group also includes most banks, most retail sectors, military contractors, etc. This is from the HGS site I use. Remember, HGS is as focused on EPS as WON. Aren't these groups, which _historically_ contribute many high growth stocks, good enough performers for you? Might I suggest that you have been spoiled by the great tech earnings expansion of the late 90s. The techs are certainly not expanding earnings as fast as they did then, so why would you expect any group to? You may wait around an awful long time (maybe years) if you need that kind of economic growth to get back in the market. On 12:19 PM 4/27/01, David Squires Said: >Hi Jans, > >Not necessary... but in some ways yes. However, I am not talking about tech >and tech only. If someone can find a period when the market started a new >bull cycle(as opposed to ending a bear cycle, which we may be doing here) >that was not lead by a dynamic leadership group I would like to see it. By >dynamic I mean the kind of exploding sales and earnings we are used to >seeing in O'Neil's model stocks. I am not talking about cyclical earnings >expansion which many of the current leadership depend on. O'Neil's comments >are as objective as always and I agreed those groups are breaking out, >holding and setting up behind. This can be nothing but a positive for the >market and I am looking for longs. But ask yourself one question...do >retailers, home builders, S&L's, and selected financials have the kind of >earnings power to warrant the ratio expansion of most dynamic leadership >groups? Also, from a strictly practical standpoint, after the NASDAQ drop >we've had do you think we will get a V bottom? This would break a record I >think. My feeling is this is a bear market rally but so what. If stocks are >breaking out and following through I will still be involved. However, if >this rally eventually fails it will be the next down leg that will separate >the men from the boys in growth stocks. > >All the best, >Dave > > > > >----- Original Message ----- >From: >To: >Sent: Friday, April 27, 2001 11:17 AM >Subject: Re: [CANSLIM] was "q for Tim and Earl"...,also C&H controversy > > > > David: > > > > Yours is an interesting observation. Today in WON "answers-to- > > questions" (on the IBD site), someone asked him since there are few >"highly > > rated" stock BOs, should the rally be suspect. WON's reply was that it >takes > > time for potential leaders to form the right side of their base. He added > > that these groups: medical, retail, building, and some financials, are > > breaking out-and so are the new leaders. > > > > David, are you suggesting that if the techs don't start breaking out, >we > > could very well be in a bear rally? > > > > In a message dated 4/26/2001 10:01:51 PM Eastern Daylight Time, > > dcsquires1@home.com writes: > > > > << ...I would > > note there is one other important trait to a good bull....a dynamic > > leadership group. We still don't have that and longer term that makes >this > > rally suspect. Short-term...I'm taking it day by day! >> > > > > Also, in today's Investors Corner which talks about saucers, >Christina > > Wise says that C&H can drop 50-60%. She doesn't specify whether this is >new > > IBD philosophy, whether WON agrees with her, or if she is taking into >account > > the bear market when she says a C&H can drop 50-60%. > > > > jans > > > > - > > -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. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -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, 27 Apr 2001 16:34:18 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Market I agree, Patrick. It is interesting to me just how fast investor sentiment can swing back and forth. When I read the GDP Report this morning before the open, I was already watching the futures shift rapidly from essentially flat all night long to up a percent on S&P500 and limit up on Naz. Considering that Q4 GDP was only up 1%, the experts only expected growth in Q1 of 0.9%, and many feared it would show we slipped into our first qtr of recession (negative growth), I figured the response to growth of 2% would be, "oh no, now the Feds won't be cutting in 2 weeks", and the market would tank today. But so far today, what I read is mainly relief that we won't slide into recession, that the worst is now behind us, that the Fed cuts to date (mainly the first two) are taking effect, that earnings are coming in better than most people's worst fears, and that the Feds may still cut due to the increasing unemployment. Ah, hope springs eternal. Worth noting that next week is chock-a-block full of economic reports, including the April Unemployment Report on Friday. I'll post my opinion on the likelihood of another Fed rate cut at the May 15 meeting after I see that report, but right now I am not optimistic. Mr. G's speech today did suggest he will tolerate some short term slippage in productivity, even expects it. But also expects it to resume growing after that. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Patrick Wahl To: Sent: Friday, April 27, 2001 4:09 PM Subject: [CANSLIM] Market Things are starting to look fairly good to me. The S&P closed on its high for the day, meaning people are willing to take positions home over the weekend. The GDP number was better than expected, not a recession number, inventories are reportedly coming down, we have had a bunch of rate cuts, I am starting to think the wind is at our backs. This week I was also seeing a number of stocks breaking out of sound looking bases. Got my toe back in the market this week, think I will be getting in more substantially next week. - - - -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. ------------------------------ End of canslim-digest V2 #1323 ****************************** 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.