From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1824 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 Saturday, November 17 2001 Volume 02 : Number 1824 In this issue: Re: [CANSLIM] JEC Revisited Re: [CANSLIM] IBD Investors Corner EPS ratings. Re: [CANSLIM] IBD Investors Corner EPS ratings. Re: [CANSLIM] AROW-Help with a LLUR chart [CANSLIM] Oil stocks (noncanslim question) Re: [CANSLIM] Oil stocks (noncanslim question) Re: [CANSLIM] Oil stocks (noncanslim question) Re: [CANSLIM] FCN Re: [CANSLIM] FCN ---------------------------------------------------------------------- Date: Fri, 16 Nov 2001 19:09:05 -0700 From: esetser Subject: Re: [CANSLIM] JEC Revisited The trend continues. I haven't, but have considered looking back through my watch lists over the last couple of months and calculate the success vs. failure percentage. My impression is that failures after breakouts during this rally are very high, maybe 2/3 or more? Someone was looking at TTIL earlier this week, great growth (D industry group tho), pretty solid double bottom and launched from there.. then bam, bam, bam, 3 down days (at least 2 1/2), with the high at 24.38, falling to 19.52, a cool 20% drop and 11% below the pivot. The stock actually ended up for the day today, but still closed below the pivot, so it's breakout is suspect for those who took the risk to hold on. This is just another example of how CANSLIM stocks are behaving right now, and I for one, don't feel we have an "M" environment that is working well for us right now, no matter what the indexes do! 12:08 PM 11/16/01 -0600, you wrote: > Well, once again the market speaks. Thank goodness for P/V analysis. >JEC falls apart today on high volume. I'll be filing this one away with >lessons marked "chart too hard to figure out...see what happens." Just >glad this was not a lesson that came with any tuition. Katherine - - - -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, 16 Nov 2001 23:46:15 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] IBD Investors Corner EPS ratings. This is a multi-part message in MIME format. - ------=_NextPart_000_0015_01C16EF8.E187C240 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I suspect that is why it reversed late in the day yesterday to close for = a loss. But it was still strong enough to hold on to some small gains = today on better than ADV. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Friday, November 16, 2001 12:33 PM Subject: Re: [CANSLIM] IBD Investors Corner EPS ratings. Uh Oh Tom... =20 IBD mentioned epiq yesterday in the Big Picture...(gulp) (ggg). =20 -Bill Triffet ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 15, 2001 6:33 PM Subject: Re: [CANSLIM] IBD Investors Corner EPS ratings. Better they hire me as a columnist (for a six figure salary, of = course) or find some other way of compensating myself and others in the = group for their taking without permission of our ideas and intellectual = property. Besides, the ones that I have sold are the losers. I still own the = winners, like E---. Tom Worley stkguru@netside.net AIM: TexWorley =20 - ------=_NextPart_000_0015_01C16EF8.E187C240 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I suspect that is why it reversed late in the = day=20 yesterday to close for a loss. But it was still strong enough to hold on = to some=20 small gains today on better than ADV.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Bill=20 Triffet
To: canslim@lists.xmission.com =
Sent: Friday, November 16, 2001 = 12:33=20 PM
Subject: Re: [CANSLIM] IBD = Investors=20 Corner EPS ratings.

Uh Oh Tom...
 
IBD mentioned epiq yesterday in = the Big=20 Picture...(gulp)     (ggg).
 
-Bill Triffet
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com =
Sent: Thursday, November 15, = 2001 6:33=20 PM
Subject: Re: [CANSLIM] IBD = Investors=20 Corner EPS ratings.

Better they hire me as a columnist (for a six = figure=20 salary, of course) or find some other way of compensating myself and = others=20 in the group for their taking without permission of our ideas and=20 intellectual property.
 
Besides, the ones that I have sold are the = losers. I still=20 own the winners, like E---.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
 
- ------=_NextPart_000_0015_01C16EF8.E187C240-- - - - -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, 16 Nov 2001 23:47:30 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] IBD Investors Corner EPS ratings. This is a multi-part message in MIME format. - ------=_NextPart_000_0023_01C16EF9.0E267D00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable They had both company owned and franchise stores. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Warren Keuffel=20 To: canslim@lists.xmission.com=20 Sent: Friday, November 16, 2001 1:31 PM Subject: Re: [CANSLIM] IBD Investors Corner EPS ratings. FWIW, one of the talking heads on CNBC (a restaurant analyst) was on this morning, and mentioned that one of the key concepts in KKD was = that manufacturing the equipment for sale to franchisees was a key profit center, and one should look at KKD as a factory story. Was your experience with a franchise operation or company-owned stores? It = will be interesting to see how this story plays out. The commentator = likened the KKD story to that of SBUX, which has done well. Warren Tom Worley wrote: > I helped bring a company public many years ago, made cinnamon buns = and > stuff like that. Smelled great, tasted great. Tried exactly the same > concept. Went bankrupt several years later. Labor costs alone were > killing them. Capital equipment costs, rental space, supervision of > many little stores, etc. destroyed any chance at cost efficiency. = Much > as I love KKD's glazed hot air right off the rack, I won't buy their > stock. Tom Worley > stkguru@netside.net > AIM: TexWorley > > ----- Original Message ----- > From: Warren Keuffel > To: canslim@lists.xmission.com > Sent: Thursday, November 15, 2001 5:38 PM > Subject: Re: [CANSLIM] IBD Investors Corner EPS ratings. > My take on the article was that KKD was going to start > opening > mini-stores within gas stations, etc. such as the Burger > Kings, Taco > Bells and KFCs you find at freeway gas stations. That's a > co-location > model that has worked well for the fast food industry and I > think it > will work for KKD because it will promote brand identity > (which you > don't get at Target) and allow higher margins. I assume > that KKD will > still build the bigger stores in high-traffic locations. > > My (uninformed) $0.02. But I bot a small position in KKD > recently, > so... > Warren > > Kent Norman wrote: > > > If smaller stores were the answer, then why do > > executives tout the "economies of scale"? > > > > Why build stores at all when you can get the product > > at Target and many other places? I got some at a > > store/gas station. > > > > Someone is trying to bluff us and I don't buy it! > > > > Kent Norman > > > > --- Spencer48@aol.com wrote: > > > Bill: > > > > > > Did you read that? The article says that > > > Krispy Kreme is hoping to > > > expand their sales by using smaller stores. They > > > believe the smaller store > > > will add value to the larger (regional) factory > > > store in that the smaller > > > stores will be able to make the dougnuts more > > > efficiently. > > > > > > Doesn't that seem wrongheaded? The reason > > > customers buy "fresh-baked" > > > dougnuts is because they are freshly baked. How's > > > Krispy going to advertise: > > > "We "fresh-bake". Not once, but TWICE." > > > > > > jans > > > > > > In a message dated 11/15/2001 12:38:28 PM Eastern > > > Standard Time, > > > btriffet@earthlink.net writes: > > > > > > << I forgot to add: in today's New America they > > > mentioned Krispy Kreme > > > Donuts...(rip). > > > >> > > > > > > - > > > -To subscribe/unsubscribe, email > > > "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your > > email. > > > > __________________________________________________ > > Do You Yahoo!? > > Find the one for you at Yahoo! Personals > > http://personals.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. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0023_01C16EF9.0E267D00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
They had both company owned and franchise = stores.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Warren=20 Keuffel
To: canslim@lists.xmission.com =
Sent: Friday, November 16, 2001 = 1:31=20 PM
Subject: Re: [CANSLIM] IBD = Investors=20 Corner EPS ratings.

FWIW, one of the talking heads on CNBC (a restaurant = analyst)=20 was on
this morning, and mentioned that one of the key concepts in = KKD was=20 that
manufacturing the equipment for sale to franchisees was a key=20 profit
center, and one should look at KKD as a factory story.  = Was=20 your
experience with a franchise operation or company-owned = stores? =20 It will
be interesting to see how this story plays out.  The=20 commentator likened
the KKD story to that of SBUX, which has done=20 well.

Warren

Tom Worley wrote:

> I helped = bring a=20 company public many years ago, made cinnamon buns and
> stuff = like that.=20 Smelled great, tasted great. Tried exactly the same
> concept. = Went=20 bankrupt several years later. Labor costs alone were
> killing = them.=20 Capital equipment costs, rental space, supervision of
> many = little=20 stores, etc. destroyed any chance at cost efficiency. Much
> as = I love=20 KKD's glazed hot air right off the rack, I won't buy their
> = stock. Tom=20 Worley
> stkguru@netside.net
> = AIM:=20 TexWorley
>
>      ----- Original = Message=20 -----
>      From: Warren=20 Keuffel
>      To: canslim@lists.xmission.com=
>     =20 Sent: Thursday, November 15, 2001 5:38=20 PM
>      Subject: Re: [CANSLIM] IBD = Investors=20 Corner EPS ratings.
>       My = take on the=20 article was that KKD was going to = start
>     =20 opening
>      mini-stores within gas = stations,=20 etc. such as the Burger
>      Kings,=20 Taco
>      Bells and KFCs you find = at =20 freeway gas stations.  That's = a
>     =20 co-location
>      model that has = worked well=20 for the fast food industry and I
>      = think=20 it
>      will work for KKD because it = will=20 promote brand identity
>      (which=20 you
>      don't get at Target) and = allow=20 higher margins.  I assume
>      = that KKD=20 will
>      still build the bigger = stores in=20 high-traffic locations.
>
>      = My=20 (uninformed) $0.02.  But I bot a small position in=20 KKD
>     =20 recently,
>     =20 so...
>     =20 Warren
>
>      Kent Norman=20 wrote:
>
>      > If smaller = stores=20 were the answer, then why do
>      = >=20 executives tout the "economies of=20 scale"?
>     =20 >
>      > Why build stores at = all when=20 you can get the product
>      > at = Target=20 and many other places? I got some at = a
>     =20 > store/gas station.
>     =20 >
>      > Someone is trying to = bluff us=20 and I don't buy it!
>     =20 >
>      > Kent=20 Norman
>     =20 >
>      > --- Spencer48@aol.com=20 wrote:
>      > >=20 Bill:
>      >=20 >
>      >=20 >      Did you read that?  The = article says=20 that
>      > > Krispy Kreme is = hoping=20 to
>      > > expand their sales = by using=20 smaller stores.  They
>      > = >=20 believe the smaller store
>      > = > will=20 add value to the larger (regional)=20 factory
>      > > store in that = the=20 smaller
>      > > stores will be = able to=20 make the dougnuts more
>      > > = efficiently.
>      >=20 >
>      >=20 >      Doesn't that seem = wrongheaded?  The=20 reason
>      > > customers buy=20 "fresh-baked"
>      > > dougnuts = is=20 because they are freshly baked. =20 How's
>      > > Krispy going to=20 advertise:
>      > >  "We=20 "fresh-bake".  Not once, but=20 TWICE."
>      >=20 >
>      > >=20 jans
>      >=20 >
>      > > In a message = dated=20 11/15/2001 12:38:28 PM Eastern
>      = > >=20 Standard Time,
>      > > btriffet@earthlink.net=20 writes:
>      >=20 >
>      > > << I forgot = to add:=20 in today's New America they
>      > = >=20 mentioned Krispy Kreme
>      > > = Donuts...(rip).
>      > = >  =20 >>
>      >=20 >
>      > >=20 -
>      > > -To = subscribe/unsubscribe,=20 email
>      > > "majordomo@xmission.com"
>= ;     =20 > > -In the email body, write "subscribe canslim"=20 or
>      > > -"unsubscribe=20 canslim".  Do not use quotes in=20 your
>      >=20 email.
>     =20 >
>      >=20 = __________________________________________________
>  &nb= sp;  =20 > Do You Yahoo!?
>      > Find = the one=20 for you at Yahoo! Personals
>      > = http://personals.yahoo.com
>= ;     =20 >
>      >=20 -
>      > -To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
>= ;     =20 > -In the email body, write "subscribe canslim"=20 or
>      > -"unsubscribe = canslim".  Do=20 not use quotes in your=20 email.
>
>
>     =20 -
>      -To subscribe/unsubscribe, = email "majordomo@xmission.com"
>= ;     =20 -In the email body, write "subscribe canslim"=20 or
>      -"unsubscribe canslim".  = Do not=20 use quotes in your email.
>


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0023_01C16EF9.0E267D00-- - - - -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, 17 Nov 2001 00:56:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] AROW-Help with a LLUR chart This is a multi-part message in MIME format. - ------=_NextPart_000_00C2_01C16F02.BA6FEE80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Norman, The trading range does seem to be tightening, which is not necessarily = good for a LLUR pattern. Looking at the fundies, I note that the trend = there is not favorable on a sequential basis, nor on year to year = comparisons. Over the past 4 qtrs, earnings growth has been 15%, 10%, 14%, and 8%. = Actual earnings per share have been 47, 45, 50 and 52 cents. Revenues = growth during the same 4 qtrs has been 11%, 10%, 6% and 0%. Forecast = for earnings growth for the entire year is a paltry 6%, and to achieve = that ($1.99) will mean they must earn 52 cents in the final qtr, making = it the best of the year. The fundies explain to me the tightening of the trading range, simply = put expectations are falling. One misstep and the stock price crumbles. = The low growth, at best, is well under CANSLIM standards and not worth = considering barring a surprise buyout. There are much better looking = banks out there. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Norman=20 To: canslim@lists.xmission.com=20 Sent: Friday, November 16, 2001 5:53 PM Subject: [CANSLIM] AROW-Help with a LLUR chart I've been watching this one for a week or 2. Curious chart; the = trading range and cycles seem to be getting smaller in recent weeks. What's = the destiny for this one? Seems to have taken the LLUR pattern further = than most LLURs. Norm - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_00C2_01C16F02.BA6FEE80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Norman,
 
The trading range does seem to be tightening, which = is not=20 necessarily good for a LLUR pattern. Looking at the fundies, I note that = the=20 trend there is not favorable on a sequential basis, nor on year to year=20 comparisons.
 
Over the past 4 qtrs, earnings growth has been 15%, = 10%, 14%,=20 and 8%. Actual earnings per share have been 47, 45, 50 and 52 = cents. =20 Revenues growth during the same 4 qtrs has been 11%, 10%, 6% and = 0%. =20 Forecast for earnings growth for the entire year is a paltry 6%, and to = achieve=20 that ($1.99) will mean they must earn 52 cents in the final qtr, making = it the=20 best of the year.
 
The fundies explain to me the tightening of the = trading range,=20 simply put expectations are falling. One misstep and the stock price = crumbles.=20 The low growth, at best, is well under CANSLIM standards and not worth=20 considering barring a surprise buyout. There are much better looking = banks out=20 there.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Norman
To: canslim@lists.xmission.com =
Sent: Friday, November 16, 2001 = 5:53=20 PM
Subject: [CANSLIM] AROW-Help = with a LLUR=20 chart

I've been watching this one for a week or 2.  = Curious=20 chart; the trading
range and cycles seem to be getting smaller in = recent=20 weeks.  What's the
destiny for this one?  Seems to have = taken the=20 LLUR pattern further than
most = LLURs.

Norm


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_00C2_01C16F02.BA6FEE80-- - - - -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, 17 Nov 2001 06:09:03 -0500 From: "Ralph Willey" Subject: [CANSLIM] Oil stocks (noncanslim question) This is a multi-part message in MIME format. - ------=_NextPart_000_0025_01C16F2E.5B836100 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Which companies will benefit the most when oil prices return to $30 = plus a barrel? Ralph Willey - ------=_NextPart_000_0025_01C16F2E.5B836100 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
  Which companies will benefit = the most=20 when oil prices return to $30 plus a barrel?
 
Ralph = Willey
- ------=_NextPart_000_0025_01C16F2E.5B836100-- - - - -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, 17 Nov 2001 08:47:42 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Oil stocks (noncanslim question) This is a multi-part message in MIME format. - ------=_NextPart_000_0007_01C16F44.8553B780 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable For oil to return to that level, it implies a healthy and expanding = global economy. So pretty much every part of the oil sector will benefit = from drillers to producers, refiners to shipping companies and = distributors. With OPEC having recently lost its power to curtail = production and thereby raise prices, only increased demand from a = growing economy is left to raise prices, and that could take a year or = more. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ralph Willey=20 To: canslim@lists.xmission.com=20 Sent: Saturday, November 17, 2001 6:09 AM Subject: [CANSLIM] Oil stocks (noncanslim question) Which companies will benefit the most when oil prices return to $30 = plus a barrel? Ralph Willey - ------=_NextPart_000_0007_01C16F44.8553B780 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
For oil to return to that level, it implies a = healthy and=20 expanding global economy. So pretty much every part of the oil sector = will=20 benefit from drillers to producers, refiners to shipping companies and=20 distributors. With OPEC having recently lost its power to curtail = production and=20 thereby raise prices, only increased demand from a growing economy is = left to=20 raise prices, and that could take a year or more.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Ralph=20 Willey
To: canslim@lists.xmission.com =
Sent: Saturday, November 17, = 2001 6:09=20 AM
Subject: [CANSLIM] Oil stocks = (noncanslim=20 question)

 
  Which companies will = benefit the most=20 when oil prices return to $30 plus a barrel?
 
Ralph=20 Willey
- ------=_NextPart_000_0007_01C16F44.8553B780-- - - - -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, 17 Nov 2001 07:41:20 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Oil stocks (noncanslim question) This is a multi-part message in MIME format. - ------=_NextPart_000_0330_01C16F3B.3FB71040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Ralph, If you'd like an overview of the oil industry and how it is affected by = economic events, global events, pricing, supply, demand etc., you'll = find a very nice overview in a book called "Bound for Growth" by David = Wanetick. He has a chapter on each industry, among them one devoted to = energy. There are also industries that will benefit tangentially from = higher oil prices. For example, the supply of oil tankers is currently = very low. An expectation of a sustained upturn in oils would prompt = tanker manufacturers to crank up production. Katherine ----- Original Message -----=20 From: Ralph Willey=20 To: canslim@lists.xmission.com=20 Sent: Saturday, November 17, 2001 5:09 AM Subject: [CANSLIM] Oil stocks (noncanslim question) Which companies will benefit the most when oil prices return to $30 = plus a barrel? Ralph Willey - ------=_NextPart_000_0330_01C16F3B.3FB71040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Ralph,
 
If you'd like an overview of the oil = industry and=20 how it is affected by economic events, global events, pricing, supply, = demand=20 etc., you'll find a very nice overview in a book called "Bound for = Growth" by=20 David Wanetick. He has a chapter on each industry, among them one = devoted to=20 energy. There are also industries that will benefit tangentially from = higher oil=20 prices. For example, the supply of oil tankers is currently very low. An = expectation of a sustained upturn in oils would prompt tanker = manufacturers=20 to crank up production.
 
Katherine
----- Original Message -----
From:=20 Ralph=20 Willey
Sent: Saturday, November 17, = 2001 5:09=20 AM
Subject: [CANSLIM] Oil stocks = (noncanslim=20 question)

 
  Which companies will = benefit the most=20 when oil prices return to $30 plus a barrel?
 
Ralph=20 Willey
- ------=_NextPart_000_0330_01C16F3B.3FB71040-- - - - -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, 17 Nov 2001 13:14:00 -0500 From: "Al French" Subject: Re: [CANSLIM] FCN FCN gapped up $2.55 at the open 11/13 and immediately headed south on no news. I took that as an exhaustion gap because it was also overbought (>2 standard deviations, or way above top Bollinger band) so I took my profit. 11/16 looks to me like a key reversal day (hammer in candlestick parlance) with the day's high near the close so I may buy back in on Monday provided it stays above the support/resistance level of $31.99. Al French - ----- Original Message ----- From: "Katherine Malm" To: Sent: Thursday, November 15, 2001 4:20 PM Subject: Re: [CANSLIM] FCN > Dave, > > I see this one as a stock with a beautiful run behind it. Except for minor > corrections along the way, it has gone "straight up" since its breakout late > 12/00. As it has done so in spite of a downtrending market, I see it as a > sign of strength in and of itself. > > But I'm always suspicious of a high volume reversal day that leaves a tail > behind. This one, the second in short order ( another on 10/1). Maybe it's > due for a deeper correction before resuming its trend. > > Katherine > kmalm@earthlink.net > > ----- Original Message ----- > From: "Dave" > To: > Sent: Thursday, November 15, 2001 2:57 PM > Subject: [CANSLIM] FCN > > > > Any idea about FCN? Thought I missed the breakout but it seems I missed > > the breakDOWN. > > > > Action is very suspicious -- volume is very light and spreads are wide. > > Some kind of price manipulation going on? > > > > It's back to within 5% of the pivot on low volume but I'm not brave enough > > to jump in... > > > > > > - > > -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: 17 Nov 2001 11:20:56 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] FCN Gapped up? Gapped down is more like. Opened 90 cents below my stop, about $4 below the close for the day, & I got swept up with all the other stop orders. Oh well, kiss another one goodbye. I am now about 50% invested in my CANSLIM stocks. At 01:14 PM 11/17/2001 -0500, you wrote: >FCN gapped up $2.55 at the open 11/13 and immediately headed south >on no news. I took that as an exhaustion gap because it was also >overbought (>2 standard deviations, or way above top Bollinger >band) so I took my profit. > >11/16 looks to me like a key reversal day (hammer in candlestick >parlance) with the day's high near the close so I may buy back in >on Monday provided it stays above the support/resistance level of >$31.99. > >Al French > >----- Original Message ----- >From: "Katherine Malm" >To: >Sent: Thursday, November 15, 2001 4:20 PM >Subject: Re: [CANSLIM] FCN > > > > Dave, > > > > I see this one as a stock with a beautiful run behind it. Except >for minor > > corrections along the way, it has gone "straight up" since its >breakout late > > 12/00. As it has done so in spite of a downtrending market, I >see it as a > > sign of strength in and of itself. > > > > But I'm always suspicious of a high volume reversal day that >leaves a tail > > behind. This one, the second in short order ( another on 10/1). >Maybe it's > > due for a deeper correction before resuming its trend. > > > > Katherine > > kmalm@earthlink.net > > > > ----- Original Message ----- > > From: "Dave" > > To: > > Sent: Thursday, November 15, 2001 2:57 PM > > Subject: [CANSLIM] FCN > > > > > > > Any idea about FCN? Thought I missed the breakout but it seems >I missed > > > the breakDOWN. > > > > > > Action is very suspicious -- volume is very light and spreads >are wide. > > > Some kind of price manipulation going on? > > > > > > It's back to within 5% of the pivot on low volume but I'm not >brave enough > > > to jump in... > > > > > > > > > - > > > -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. ------------------------------ End of canslim-digest V2 #1824 ****************************** 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.