From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1632 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 Sunday, August 26 2001 Volume 02 : Number 1632 In this issue: Re: [CANSLIM] Worley's Weekend Weeview [CANSLIM] Something curious off topic - Bio Rad Labs, Inc. Re: [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] Worley's Weekend Weeview RE: [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] criteria for canslim Re: [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] Worley's Weekend Weeview ---------------------------------------------------------------------- Date: Sat, 25 Aug 2001 18:36:35 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] Worley's Weekend Weeview - --part1_ab.e48adbe.28b98273_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom what do you mean by a very high market cap to sales ratio on RMD stock give me some #'s? thanks...I feel that this stock is almost a pure canslim one? love the feedback - --part1_ab.e48adbe.28b98273_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom what do you mean by a very high market cap to sales ratio on RMD stock
give me some #'s? thanks...I feel that this stock is almost a pure canslim
one? love the feedback - --part1_ab.e48adbe.28b98273_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: Sat, 25 Aug 2001 18:39:57 -0400 From: "Tom Worley" Subject: [CANSLIM] Something curious off topic - Bio Rad Labs, Inc. This is a multi-part message in MIME format. - ------=_NextPart_000_0021_01C12D95.57205BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Is anyone familiar with this company, Bio Rad Labs, Inc., headquartered = in Hercules, CA?? They have two classes of shares trading on AMEX (BIOA = and BIOB). The latter showed up on my DGO List today, but I did not = mention it because the ADV is zero! That's right, 000. What caught my eye is that BIOA has "all" the liquidity (ADV 13,300 on = an issue of 10 million), but only 19% management ownership. Meanwhile, = the class "B" shares have an issue of 2.4 million shares, with a float = of only 200,000 shares. The difference is owned by management (88%). = Looks like you have to schedule an appointment just to buy 100 shares. = From 7/9 to 8/20 it didn't even trade! My question, if someone knows without having to research it, is what = makes the "B" shares so attractive to management? And why even have them = if only 200,000 were to be sold to the public? The liquidity on this one, even on the "A" shares, prevents it being a = worthwhile CANSLIM candidate. Aside from that, the chart and fundies are = interesting. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0021_01C12D95.57205BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Is anyone familiar with this company, Bio Rad Labs, = Inc.,=20 headquartered in Hercules, CA??  They have two classes of shares = trading on=20 AMEX (BIOA and BIOB). The latter showed up on my DGO List today, but I = did not=20 mention it because the ADV is zero! That's right, 000.
 
What caught my eye is that BIOA has "all" the = liquidity (ADV=20 13,300 on an issue of 10 million), but only 19% management ownership. = Meanwhile,=20 the class "B" shares have an issue of 2.4 million shares, with a float = of only=20 200,000 shares. The difference is owned by management (88%). Looks like = you have=20 to schedule an appointment just to buy 100 shares. From 7/9 to 8/20 it = didn't=20 even trade!
 
My question, if someone knows without having to = research it,=20 is what makes the "B" shares so attractive to management? And why even = have them=20 if only 200,000 were to be sold to the public?
 
The liquidity on this one, even on the "A" shares, = prevents it=20 being a worthwhile CANSLIM candidate. Aside from that, the chart and = fundies are=20 interesting.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0021_01C12D95.57205BC0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 25 Aug 2001 19:12:00 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0035_01C12D99.D18539E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Market capitalization (current price times shares issued) is presently = $1.82 billion, while trailing 12 month sales is $155.2 million. That = makes the ratio of market cap to sales a very high 11.7. The PE also = reflects a very high valuation, trailing PE is 65 and projected PE is = still 54. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: BIKEAR@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 25, 2001 6:36 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom what do you mean by a very high market cap to sales ratio on RMD = stock=20 give me some #'s? thanks...I feel that this stock is almost a pure = canslim=20 one? love the feedback=20 - ------=_NextPart_000_0035_01C12D99.D18539E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Market capitalization (current price times shares = issued) is=20 presently $1.82 billion, while trailing 12 month sales is $155.2 = million. That=20 makes the ratio of market cap to sales a very high 11.7. The PE also = reflects a=20 very high valuation, trailing PE is 65 and projected PE is still=20 54.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 BIKEAR@aol.com
To: canslim@lists.xmission.com =
Sent: Saturday, August 25, 2001 = 6:36=20 PM
Subject: Re: [CANSLIM] Worley's = Weekend=20 Weeview

Tom what do = you mean by=20 a very high market cap to sales ratio on RMD stock
give me some = #'s?=20 thanks...I feel that this stock is almost a pure canslim
one? love = the=20 feedback - ------=_NextPart_000_0035_01C12D99.D18539E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 25 Aug 2001 21:08:03 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] Worley's Weekend Weeview - --part1_bc.1947b5cd.28b9a5f3_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit thanks what do you think is a good number for sales ratio? - --part1_bc.1947b5cd.28b9a5f3_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit thanks what do you think is a good number for sales ratio? - --part1_bc.1947b5cd.28b9a5f3_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: Sat, 25 Aug 2001 21:34:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0047_01C12DAD.AD642C60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable depends on the industry, you would have to do your homework to decide Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: BIKEAR@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 25, 2001 9:08 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview thanks what do you think is a good number for sales ratio?=20 - ------=_NextPart_000_0047_01C12DAD.AD642C60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
depends on the industry, you would have to do your = homework to=20 decide
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 BIKEAR@aol.com
To: canslim@lists.xmission.com =
Sent: Saturday, August 25, 2001 = 9:08=20 PM
Subject: Re: [CANSLIM] Worley's = Weekend=20 Weeview

thanks what = do you=20 think is a good number for sales ratio?=20 - ------=_NextPart_000_0047_01C12DAD.AD642C60-- - - - -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: Sun, 26 Aug 2001 08:58:36 -0400 From: "Manny Llaguno" Subject: RE: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0000_01C12E0D.4A9F7020 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Tom, Could you please define the oscillator that you mentioned below? Thanks a lot. Regards, Manny -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: August 25, 2001 6:01 PM To: CANSLIM Subject: [CANSLIM] Worley's Weekend Weeview OVERSOLD BOUNCE ON FRIDAY? - "M" One member suggested that this is all that happened Friday, but I disagree, at least in part. While Nasdaq was indeed oversold, it was around minus 400 on the oscillator, not as severe as we have seen many times before. And up-down volume ratio was trending up all week. So I think it was more a case of accumulation passing a point of equilibrium. Volume was only average, so I don't consider it to be a "rally". In the case of NYSE, it was not even oversold, having a plus 200 on the oscillator. There also, the 10 day up-down ratio had been trending up all week, and again volume was average. In fact, volume has now been unremarkable on both exchanges for several weeks. Last time Naz broke two billion shares was 6/29, and the chart trend remains down despite Friday's gains. The gain this week does not offset the loss of the prior week. On NYSE, the price gain prevented it hitting a new short term low, for the moment. Volume again remains unremarkable. The good news from CSCO and others on Thursday only gave a one day reason to be buying. - ---------------------------------------------------------------------------- - -- ON ECONOMICS July Leading Indicators (these are forward looking) rose 0.3%, fourth month in a row this was up. One component of this indicator is stock prices, which clearly did not help. A sub-component, Current Conditions, showed its first uptick. Jobless claims rose, but 4 week average still well under 400,000. Durable goods orders still shows no signs of recovery, but may be beginning to show evidence of a bottom, and that has to happen first. New Home Sales remains strong, and not only was above expectations but the highest since March. Next week is a busy one for reports, but none of major consequence. - ---------------------------------------------------------------------------- - -- DGO LIST Overall list stable at 248 compared to 242 last week. Data spreadsheet will follow separately to avoid delaying this email. FCFS - volatile LLUR FSM - B2+, no liquidity, ADV 500 AMWD - good example of a breakdown on a LLUR, why you must be ready to sell if the pattern changes ADVP - B2 HRB - LLUR WBPR - B2 base on base, but this base is far more volatile and less trustworthy RMD - forming the handle on a shallow cup?, very high market cap to sales ratio GAN - B2 AAON - B5 RYAN - B4- TIER - b/o Friday on over 4X ADV, just over pivot, latest earnings flat Y2Y STL - B2 FSRV - handle starting to form on a teacup? RSC - completing a double bottom, no capitulation day? STZ - LLUR CD - LLUR, but I hesitate to mention this one because of my personal familiarity with a company it acquired some years ago (Interval Int'l), nonetheless, chart looks good, it is making steady progress, last two qtrs show solid growth both top and bottom line, and earnings forecast this year is for a 40% growth, and 30% next year CHX - 5 week consolidation WRLD - was forming the handle on a rough cup, but appears to be failing now on very light volume IRWN - B3, base on base FCB - B2+, no liquidity IBKC - B6 MATW - B2 handle on a shallow cup THC - 5% extended from a B5+ base ANSS - 4 week consolidation, volume drying up FTO - nice cup has formed, may be starting a handle NEP - B3 CITZ - B4 FBP - B4 RESP - b/o Friday on over 2X ADV, just past pivot POOL - B3 STU - B3 WFMI - B3 CYTC - B4 Happy Hunting, but play it safe and keep it on paper, Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0000_01C12E0D.4A9F7020 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
Could=20 you please define the oscillator that you mentioned below? =
 
Thanks=20 a lot.
 
Regards, Manny
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: August 25, 2001 6:01 PM
To:=20 CANSLIM
Subject: [CANSLIM] Worley's Weekend=20 Weeview

OVERSOLD BOUNCE ON FRIDAY? -=20 "M"
One member suggested that this is all that = happened Friday,=20 but I disagree, at least in part. While Nasdaq was indeed oversold, it = was=20 around minus 400 on the oscillator, not as severe as we have seen many = times=20 before. And up-down volume ratio was trending up all week. So I think = it was=20 more a case of accumulation passing a point of equilibrium.  = Volume=20 was only average, so I don't consider it to be a "rally". In the case = of NYSE,=20 it was not even oversold, having a plus 200 on the oscillator. There = also, the=20 10 day up-down ratio had been trending up all week, and again volume = was=20 average. In fact, volume has now been unremarkable on both exchanges = for=20 several weeks. Last time Naz broke two billion shares was 6/29, and = the chart=20 trend remains down despite Friday's gains. The gain this week does not = offset=20 the loss of the prior week. On NYSE, the price gain prevented it = hitting a new=20 short term low, for the moment. Volume again remains unremarkable. The = good=20 news from CSCO and others on Thursday only gave a one day reason to be = buying.=20
ON ECONOMICS
July Leading Indicators (these are forward = looking) rose=20 0.3%, fourth month in a row this was up.  One component of this = indicator=20 is stock prices, which clearly did not help. A sub-component, Current=20 Conditions, showed its first uptick. Jobless claims rose, but 4 week = average=20 still well under 400,000. Durable goods orders still shows no signs of = recovery, but may be beginning to show evidence of a bottom, and that = has to=20 happen first. New Home Sales remains strong, and not only was above=20 expectations but the highest since March. Next week is a busy one for = reports,=20 but none of major consequence.
DGO LIST
Overall list stable at 248 compared to 242 last = week. Data=20 spreadsheet will follow separately to avoid delaying this = email.
 
FCFS - volatile LLUR
FSM - B2+, no liquidity, ADV 500
AMWD - good example of a breakdown on a LLUR, why = you must=20 be ready to sell if the pattern changes
ADVP - B2
HRB - LLUR
WBPR - B2 base on base, but this base is far more = volatile=20 and less trustworthy
RMD - forming the handle on a shallow cup?, very = high market=20 cap to sales ratio
GAN - B2
AAON - B5
RYAN - B4-
TIER - b/o Friday on over 4X ADV, just over pivot, = latest=20 earnings flat Y2Y
STL - B2
FSRV - handle starting to form on a = teacup?
RSC - completing a double bottom, no capitulation=20 day?
STZ - LLUR
CD - LLUR, but I hesitate to mention this one = because of my=20 personal familiarity with a company it acquired some years ago = (Interval=20 Int'l), nonetheless, chart looks good, it is making steady progress, = last two=20 qtrs show solid growth both top and bottom line, and earnings forecast = this=20 year is for a 40% growth, and 30% next year
CHX - 5 week consolidation
WRLD - was forming the handle on a rough cup, but = appears to=20 be failing now on very light volume
IRWN - B3, base on base
FCB - B2+, no liquidity
IBKC - B6
MATW - B2 handle on a shallow cup
THC - 5% extended from a B5+ base
ANSS - 4 week consolidation, volume drying = up
FTO - nice cup has formed, may be starting a=20 handle
NEP - B3
CITZ - B4
FBP - B4
RESP - b/o Friday on over 2X ADV, just past=20 pivot
POOL - B3
STU - B3
WFMI - B3
CYTC - B4
 
Happy Hunting, but play it safe and keep it on=20 paper,
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0000_01C12E0D.4A9F7020-- - - - -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: Sun, 26 Aug 2001 09:49:25 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] criteria for canslim - --part1_47.ffaee83.28ba5865_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit It would be nice to hear what some of the criteria for canslim is for some of you? plus what is some of the process you go through to eliminate or pick the stocks.? thanks hope to hear - --part1_47.ffaee83.28ba5865_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit It would be nice to hear what some of the criteria for canslim is for some of
you? plus what is some of the process you go through to eliminate or pick the
stocks.? thanks hope to hear - --part1_47.ffaee83.28ba5865_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: Sun, 26 Aug 2001 09:59:04 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] Worley's Weekend Weeview - --part1_103.82ff935.28ba5aa8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit where did you get the trailing 12 months sales $155.2 million figure? thanks hope to hear - --part1_103.82ff935.28ba5aa8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit where did you get the trailing 12 months sales $155.2 million figure? thanks
hope to hear - --part1_103.82ff935.28ba5aa8_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: Sun, 26 Aug 2001 10:13:25 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0084_01C12E17.BE58CA20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable everything I do is from DGO Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: BIKEAR@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 26, 2001 9:59 AM Subject: Re: [CANSLIM] Worley's Weekend Weeview where did you get the trailing 12 months sales $155.2 million figure? = thanks=20 hope to hear=20 - ------=_NextPart_000_0084_01C12E17.BE58CA20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
everything I do is from DGO
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 BIKEAR@aol.com
To: canslim@lists.xmission.com =
Sent: Sunday, August 26, 2001 = 9:59=20 AM
Subject: Re: [CANSLIM] Worley's = Weekend=20 Weeview

where did = you get the=20 trailing 12 months sales $155.2 million figure? thanks
hope to = hear=20 - ------=_NextPart_000_0084_01C12E17.BE58CA20-- - - - -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: Sun, 26 Aug 2001 10:22:00 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_008E_01C12E18.F1542180 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The overbought-oversold oscillator is a chart available at DGO. I = believe it is also in IBD, but haven't looked in a long time. It is a = simple thing, defined by DGO as: OVERBOUGHT - OVERSOLD OSCILLATOR, SHORT TERM: A 10-day moving average of the number of stocks moving up in price less = the number of stocks moving down in price (for a specific exchange). = Stocks whose price have not changed are not included in this = calculation. I monitor it to see whether the broad market / exchange is moving = differently than the big caps on that exchange. The big caps, because of = their size and typical trading volume, have a disproportionate effect on = indexes, which can then distort what is happening with the mid and small = cap stocks, they in turn are more numerous but contribute less to = volume, and often are not in the index. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Manny Llaguno=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 26, 2001 8:58 AM Subject: RE: [CANSLIM] Worley's Weekend Weeview Tom, =20 Could you please define the oscillator that you mentioned below?=20 =20 Thanks a lot. =20 Regards, Manny -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: August 25, 2001 6:01 PM To: CANSLIM Subject: [CANSLIM] Worley's Weekend Weeview OVERSOLD BOUNCE ON FRIDAY? - "M" One member suggested that this is all that happened Friday, but I = disagree, at least in part. While Nasdaq was indeed oversold, it was = around minus 400 on the oscillator, not as severe as we have seen many = times before. And up-down volume ratio was trending up all week. So I = think it was more a case of accumulation passing a point of equilibrium. = Volume was only average, so I don't consider it to be a "rally". In the = case of NYSE, it was not even oversold, having a plus 200 on the = oscillator. There also, the 10 day up-down ratio had been trending up = all week, and again volume was average. In fact, volume has now been = unremarkable on both exchanges for several weeks. Last time Naz broke = two billion shares was 6/29, and the chart trend remains down despite = Friday's gains. The gain this week does not offset the loss of the prior = week. On NYSE, the price gain prevented it hitting a new short term low, = for the moment. Volume again remains unremarkable. The good news from = CSCO and others on Thursday only gave a one day reason to be buying.=20 - -------------------------------------------------------------------------= - --- ON ECONOMICS July Leading Indicators (these are forward looking) rose 0.3%, = fourth month in a row this was up. One component of this indicator is = stock prices, which clearly did not help. A sub-component, Current = Conditions, showed its first uptick. Jobless claims rose, but 4 week = average still well under 400,000. Durable goods orders still shows no = signs of recovery, but may be beginning to show evidence of a bottom, = and that has to happen first. New Home Sales remains strong, and not = only was above expectations but the highest since March. Next week is a = busy one for reports, but none of major consequence. - -------------------------------------------------------------------------= - --- DGO LIST Overall list stable at 248 compared to 242 last week. Data = spreadsheet will follow separately to avoid delaying this email. FCFS - volatile LLUR FSM - B2+, no liquidity, ADV 500 AMWD - good example of a breakdown on a LLUR, why you must be ready = to sell if the pattern changes ADVP - B2 HRB - LLUR WBPR - B2 base on base, but this base is far more volatile and less = trustworthy RMD - forming the handle on a shallow cup?, very high market cap to = sales ratio GAN - B2 AAON - B5 RYAN - B4- TIER - b/o Friday on over 4X ADV, just over pivot, latest earnings = flat Y2Y STL - B2 FSRV - handle starting to form on a teacup? RSC - completing a double bottom, no capitulation day? STZ - LLUR CD - LLUR, but I hesitate to mention this one because of my personal = familiarity with a company it acquired some years ago (Interval Int'l), = nonetheless, chart looks good, it is making steady progress, last two = qtrs show solid growth both top and bottom line, and earnings forecast = this year is for a 40% growth, and 30% next year CHX - 5 week consolidation WRLD - was forming the handle on a rough cup, but appears to be = failing now on very light volume IRWN - B3, base on base FCB - B2+, no liquidity IBKC - B6 MATW - B2 handle on a shallow cup THC - 5% extended from a B5+ base ANSS - 4 week consolidation, volume drying up FTO - nice cup has formed, may be starting a handle NEP - B3 CITZ - B4 FBP - B4 RESP - b/o Friday on over 2X ADV, just past pivot POOL - B3 STU - B3 WFMI - B3 CYTC - B4 Happy Hunting, but play it safe and keep it on paper, Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_008E_01C12E18.F1542180 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
The overbought-oversold oscillator is a chart = available at=20 DGO. I believe it is also in IBD, but haven't looked in a long time. It = is a=20 simple thing, defined by DGO as:
 
OVERBOUGHT -=20 OVERSOLD OSCILLATOR, SHORT TERM:
A 10-day moving average of the number of stocks = moving up in=20 price less the number of stocks moving down in price (for a specific = exchange).=20 Stocks whose price have not changed are not included in this=20 calculation.
 
I monitor it to see whether the broad market / = exchange is=20 moving differently than the big caps on that exchange. The big caps, = because of=20 their size and typical trading volume, have a disproportionate effect on = indexes, which can then distort what is happening with the mid and small = cap=20 stocks, they in turn are more numerous but contribute less to volume, = and often=20 are not in the index.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Manny = Llaguno=20
To: canslim@lists.xmission.com =
Sent: Sunday, August 26, 2001 = 8:58=20 AM
Subject: RE: [CANSLIM] Worley's = Weekend=20 Weeview

Tom,
 
Could you please define the oscillator that = you=20 mentioned below?
 
Thanks a lot.
 
Regards, Manny
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lis= ts.xmission.com]On=20 Behalf Of Tom Worley
Sent: August 25, 2001 6:01=20 PM
To: CANSLIM
Subject: [CANSLIM] Worley's = Weekend=20 Weeview

OVERSOLD BOUNCE ON FRIDAY? -=20 "M"
One member suggested that this is all that = happened=20 Friday, but I disagree, at least in part. While Nasdaq was indeed = oversold,=20 it was around minus 400 on the oscillator, not as severe as we have = seen=20 many times before. And up-down volume ratio was trending up all = week. So I=20 think it was more a case of accumulation passing a point of=20 equilibrium.  Volume was only average, so I don't consider it = to be a=20 "rally". In the case of NYSE, it was not even oversold, having a = plus 200 on=20 the oscillator. There also, the 10 day up-down ratio had been = trending up=20 all week, and again volume was average. In fact, volume has now been = unremarkable on both exchanges for several weeks. Last time Naz = broke two=20 billion shares was 6/29, and the chart trend remains down despite = Friday's=20 gains. The gain this week does not offset the loss of the prior = week. On=20 NYSE, the price gain prevented it hitting a new short term low, for = the=20 moment. Volume again remains unremarkable. The good news from CSCO = and=20 others on Thursday only gave a one day reason to be buying.=20
ON ECONOMICS
July Leading Indicators (these are forward = looking) rose=20 0.3%, fourth month in a row this was up.  One component of this = indicator is stock prices, which clearly did not help. A = sub-component,=20 Current Conditions, showed its first uptick. Jobless claims rose, = but 4 week=20 average still well under 400,000. Durable goods orders still shows = no signs=20 of recovery, but may be beginning to show evidence of a bottom, and = that has=20 to happen first. New Home Sales remains strong, and not only was = above=20 expectations but the highest since March. Next week is a busy one = for=20 reports, but none of major consequence.
DGO LIST
Overall list stable at 248 compared to 242 last = week. Data=20 spreadsheet will follow separately to avoid delaying this=20 email.
 
FCFS - volatile LLUR
FSM - B2+, no liquidity, ADV 500
AMWD - good example of a breakdown on a LLUR, = why you must=20 be ready to sell if the pattern changes
ADVP - B2
HRB - LLUR
WBPR - B2 base on base, but this base is far = more volatile=20 and less trustworthy
RMD - forming the handle on a shallow cup?, very = high=20 market cap to sales ratio
GAN - B2
AAON - B5
RYAN - B4-
TIER - b/o Friday on over 4X ADV, just over = pivot, latest=20 earnings flat Y2Y
STL - B2
FSRV - handle starting to form on a = teacup?
RSC - completing a double bottom, no = capitulation=20 day?
STZ - LLUR
CD - LLUR, but I hesitate to mention this one = because of=20 my personal familiarity with a company it acquired some years ago = (Interval=20 Int'l), nonetheless, chart looks good, it is making steady progress, = last=20 two qtrs show solid growth both top and bottom line, and earnings = forecast=20 this year is for a 40% growth, and 30% next year
CHX - 5 week consolidation
WRLD - was forming the handle on a rough cup, = but appears=20 to be failing now on very light volume
IRWN - B3, base on base
FCB - B2+, no liquidity
IBKC - B6
MATW - B2 handle on a shallow cup
THC - 5% extended from a B5+ base
ANSS - 4 week consolidation, volume drying = up
FTO - nice cup has formed, may be starting a=20 handle
NEP - B3
CITZ - B4
FBP - B4
RESP - b/o Friday on over 2X ADV, just past=20 pivot
POOL - B3
STU - B3
WFMI - B3
CYTC - B4
 
Happy Hunting, but play it safe and keep it on=20 paper,
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
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