Subject: [CANSLIM] IGT - a "perfect" CANSLIM??
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I stopped my review long enough to post this, IGT looks to me to be =
about as good as it gets, even in a good "M".
RS 96, EPS 97, ROE 82%, Cash Flow $2.67 compared to last year's earnings =
of $1.81
Group A, GRS 96, 5 year earnings growth a weak 20%, but forecast for =
present year is 50% (recently increased) and next year 11% (also =
recently increased)
Funds have 21%, management 7%
A/D B, Timeliness A, SMR A, ranked 4th in its group (Leisure - Gaming)
Chart wise, shows a nice tight LLUR pattern from last Sept to 3/7/01, =
when it peaked at 57.25. Up to that point it had not traded measurably =
under its 50 dma. On 3/19 it dropped sharply below its 50 dma, anyone =
who had bot and held it as a LLUR should have exited then, if not sooner =
using trailing stops (it's close that day was over 16% below the high of =
3/7).
Since then, it has formed a smooth cup which at its low had given up 42% =
of the gains from late Sep to the high. Much of the bottom of the cup =
only gave up 25% of this gain. What is lacking in the bottom of the cup =
is any evidence of capitulation selling. Volume remained close to or =
above ADV, suggesting institutional support. It looks like it started a =
handle at 55, then broke out briefly just under the high. May be simply =
a continuation of the handle, but upward due recent improvement in =
market sentiment. Or it may be doing a base on base. Either way, volume =
is now declining,=20
Please note: I did not look beyond the 6 month chart.
I am not saying members should rush out and buy this one. I won't, =
because it's well above my price range. I do think this stock is worth =
studying for learning purposes, and following for some time to see how =
it does from here. For some members, it should be on your watch list.
Opinions and comments welcomed,
Tom Worley
stkguru@netside.net
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I stopped my review long enough to post this, IGT =
looks to me=20
to be about as good as it gets, even in a good "M".
RS 96, EPS 97, ROE 82%, Cash Flow $2.67 =
compared to=20
last year's earnings of $1.81
Group A, GRS 96, 5 year =
earnings growth a=20
weak 20%, but forecast for present year is 50% =
(recently=20
increased) and next year 11% (also recently =
increased)
Funds have 21%, management 7%
A/D B, Timeliness A, SMR A, ranked 4th in its group =
(Leisure -=20
Gaming)
Chart wise, shows a nice tight LLUR pattern from =
last Sept to=20
3/7/01, when it peaked at 57.25. Up to that point it had not traded =
measurably=20
under its 50 dma. On 3/19 it dropped sharply below its 50 dma, =
anyone who=20
had bot and held it as a LLUR should have exited then, if not sooner =
using=20
trailing stops (it's close that day was over 16% below the high of=20
3/7).
Since then, it has formed a smooth cup which at its =
low had=20
given up 42% of the gains from late Sep to the high. Much of the bottom =
of the=20
cup only gave up 25% of this gain. What is lacking in the bottom of the =
cup is=20
any evidence of capitulation selling. Volume remained close to or above =
ADV,=20
suggesting institutional support. It looks like it started a handle at =
55, then=20
broke out briefly just under the high. May be simply a continuation of =
the=20
handle, but upward due recent improvement in market sentiment. Or it may =
be=20
doing a base on base. Either way, volume is now declining,
Please note: I did not look beyond the 6 month=20
chart.
I am not saying members should rush out and buy this =
one. I=20
won't, because it's well above my price range. I do think this stock is =
worth=20
studying for learning purposes, and following for some time to see how =
it does=20
from here. For some members, it should be on your watch =
list.
Opinions and comments welcomed,
Tom Worley
stkguru@netside.net
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------------------------------
Date: Sat, 28 Apr 2001 07:58:59 -0400
From: "Tom Worley"
Subject: [CANSLIM] DGO List
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Full list totaled 245, up strongly from last week's 195. Before that it =
was 171 and 159.
Please remember, this list is my thoughts from just looking at a six =
month chart. It is intended as ideas for a watch list. Any comments like =
"at pivot" or "still buyable" does not in any way mean I am suggesting =
any member should buy the stock.
USLB - B1+
RYL - possible handle forming on the cup
CPN - B2
IGT - cup and handle, volume declining - my analysis posted earlier
TWRI - broke out Friday on less than ADV from a B4, within 4% of base, =
low ADV apparently because most of the issue is locked up (neither owned =
by management or funds, they both have 8%)
CHS - high handle, sharp decline in volume
ESI - short base on base?
CPRT - B2
GCO - almost at pivot
MKT - B2+
BWS - B7, vol and price spike on Friday after 3 weeks of below avg =
volume
EME - B2
MINI - B3
DME - B5
UVV - B5
PIR - volatile B3
ACAI - B3+
OFIX - B2
FDO - B5 below the high
ISCA - B3-
RSG - wedging
FDC - B1+
OMG - 3 days of volume, b/o Thu, crossed the pivot Fri, weak earnings =
forecast
SASOY - B7, low priced
SBMC - B3, tight, low vol
FFCH - b/o Fri from B4, below pivot
MTB - B4
DTE - B3
MATW - b/o Thu from B6, still buyable
BOKF - B5
TGT - b/o Fri on lite vol, at the pivot
EEI - B2, low price, low vol, already on my watch list
BKNG - B7
EDS - B1+ handle on a smooth cup
BANR - B3+
Happy Hunting,
Tom Worley
stkguru@netside.net
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Full list totaled 245, up strongly from last week's =
195.=20
Before that it was 171 and 159.
Please remember, this list is my thoughts from just =
looking at=20
a six month chart. It is intended as ideas for a watch list. Any =
comments like=20
"at pivot" or "still buyable" does not in any way mean I am suggesting =
any=20
member should buy the stock.
USLB - B1+
RYL - possible handle forming on the =
cup
CPN - B2
IGT - cup and handle, volume declining - my =
analysis=20
posted earlier
TWRI - broke out Friday on less than ADV from a B4, =
within 4%=20
of base, low ADV apparently because most of the issue is locked up =
(neither=20
owned by management or funds, they both have 8%)
CHS - high handle, sharp decline in =
volume
ESI - short base on base?
CPRT - B2
GCO - almost at pivot
MKT - B2+
BWS - B7, vol and price spike on Friday after 3 =
weeks of below=20
avg volume
EME - B2
MINI - B3
DME - B5
UVV - B5
PIR - volatile B3
ACAI - B3+
OFIX - B2
FDO - B5 below the high
ISCA - B3-
RSG - wedging
FDC - B1+
OMG - 3 days of volume, b/o Thu, crossed the pivot =
Fri, weak=20
earnings forecast
SASOY - B7, low priced
SBMC - B3, tight, low vol
FFCH - b/o Fri from B4, below pivot
MTB - B4
DTE - B3
MATW - b/o Thu from B6, still buyable
BOKF - B5
TGT - b/o Fri on lite vol, at the pivot
EEI - B2, low price, low vol, already on my watch=20
list
BKNG - B7
EDS - B1+ handle on a smooth cup
BANR - B3+
Happy Hunting,
Tom Worley
stkguru@netside.net
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Date: Sat, 28 Apr 2001 05:03:01 -0700
From: Tom Worley
Subject: [CANSLIM] Did you see that cartoon about you?
CANSLIM--
You have just received a postcard from Tom Worley with a personal message and a personalized cartoon. Please follow the link below to claim it:
http://www.cartoonlink.com/mycartoon/welcome.cgi?msgID=988459380
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Date: Sat, 28 Apr 2001 08:11:51 -0400
From: "Hugh Fader"
Subject: RE: [CANSLIM] IGT - a "perfect" CANSLIM??
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This one's on my watchlist too. I'll also add to Tom's list of positives
that current price is only about 5% above 50 day MA so risk of being stopped
at 8% is lower.
A question for the group: This stock has already made a new high in the last
couple of weeks. Other stocks such as DRI have done the same. Where do you
set the pivot in cases like this?
- - Hugh
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Saturday, April 28, 2001 6:09 AM
To: CANSLIM
Subject: [CANSLIM] IGT - a "perfect" CANSLIM??
I stopped my review long enough to post this, IGT looks to me to be about
as good as it gets, even in a good "M".
RS 96, EPS 97, ROE 82%, Cash Flow $2.67 compared to last year's earnings
of $1.81
Group A, GRS 96, 5 year earnings growth a weak 20%, but forecast for
present year is 50% (recently increased) and next year 11% (also recently
increased)
Funds have 21%, management 7%
A/D B, Timeliness A, SMR A, ranked 4th in its group (Leisure - Gaming)
Chart wise, shows a nice tight LLUR pattern from last Sept to 3/7/01, when
it peaked at 57.25. Up to that point it had not traded measurably under its
50 dma. On 3/19 it dropped sharply below its 50 dma, anyone who had bot and
held it as a LLUR should have exited then, if not sooner using trailing
stops (it's close that day was over 16% below the high of 3/7).
Since then, it has formed a smooth cup which at its low had given up 42%
of the gains from late Sep to the high. Much of the bottom of the cup only
gave up 25% of this gain. What is lacking in the bottom of the cup is any
evidence of capitulation selling. Volume remained close to or above ADV,
suggesting institutional support. It looks like it started a handle at 55,
then broke out briefly just under the high. May be simply a continuation of
the handle, but upward due recent improvement in market sentiment. Or it may
be doing a base on base. Either way, volume is now declining,
Please note: I did not look beyond the 6 month chart.
I am not saying members should rush out and buy this one. I won't, because
it's well above my price range. I do think this stock is worth studying for
learning purposes, and following for some time to see how it does from here.
For some members, it should be on your watch list.
Opinions and comments welcomed,
Tom Worley
stkguru@netside.net
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This=20
one's on my watchlist too. I'll also add to Tom's list of positives=20
that current price is only about 5% above 50 day MA so risk of =
being=20
stopped at 8% is lower.
A=20
question for the group: This stock has already made a new high in the =
last=20
couple of weeks. Other stocks such as DRI have done the same. Where do =
you set=20
the pivot in cases like this?
-=20
Hugh
I stopped my review long enough to post this, IGT =
looks to=20
me to be about as good as it gets, even in a good "M".
RS 96, EPS 97, ROE 82%, Cash Flow $2.67 =
compared to=20
last year's earnings of $1.81
Group A, GRS 96, 5 year =
earnings growth=20
a weak 20%, but forecast for present year is 50%=20
(recently increased) and next year 11%=20
(also recently increased)
Funds have 21%, management 7%
A/D B, Timeliness A, SMR A, ranked 4th in its =
group (Leisure=20
- Gaming)
Chart wise, shows a nice tight LLUR pattern from =
last Sept=20
to 3/7/01, when it peaked at 57.25. Up to that point it had not traded =
measurably under its 50 dma. On 3/19 it dropped sharply below =
its 50=20
dma, anyone who had bot and held it as a LLUR should have exited then, =
if not=20
sooner using trailing stops (it's close that day was over 16% below =
the high=20
of 3/7).
Since then, it has formed a smooth cup which at =
its low had=20
given up 42% of the gains from late Sep to the high. Much of the =
bottom of the=20
cup only gave up 25% of this gain. What is lacking in the bottom of =
the cup is=20
any evidence of capitulation selling. Volume remained close to or =
above ADV,=20
suggesting institutional support. It looks like it started a handle at =
55,=20
then broke out briefly just under the high. May be simply a =
continuation of=20
the handle, but upward due recent improvement in market sentiment. Or =
it may=20
be doing a base on base. Either way, volume is now declining, =
Please note: I did not look beyond the 6 =
month=20
chart.
I am not saying members should rush out and buy =
this one. I=20
won't, because it's well above my price range. I do think this stock =
is worth=20
studying for learning purposes, and following for some time to see how =
it does=20
from here. For some members, it should be on your watch=20
list.
Opinions and comments welcomed,
Tom Worley
stkguru@netside.net
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