From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2088 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 Monday, January 28 2002 Volume 02 : Number 2088 In this issue: Re: [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] Worley's Weekend Weeview [CANSLIM] ROOM AW: [CANSLIM] ROOM Re: [CANSLIM] ROOM [CANSLIM] CHBS Re: [CANSLIM] CHBS [CANSLIM] Another Andersen client Re: [CANSLIM] CHBS ---------------------------------------------------------------------- Date: Mon, 28 Jan 2002 07:15:21 -0600 (CST) From: "Robert Gammon" Subject: Re: [CANSLIM] Worley's Weekend Weeview Ben, You have already spotted it. LLUR is a consitently rising stock price when viewed on a chart. Its not truely CANSLIM, yet some of us believe that it is a profitable trend to ride. CANSLIM trading criteria to indicate when to buy do not apply. Basically, you hop on for the ride, set your stops and maintain them for as long as you can. Robert On Mon, 28 Jan 2002 08:08:07 -0500, Ben Chilcote wrote: >Tom, >Enjoyed reading your Weekned Weeview. I looked at charts of all the stocks in your watchlist and I have a question. What does LLUR stand for? I can see from the charts that it is a stock the is slowly and constistantly rising staying above the 50DMA. Also, where is the pivot or buying point for these kinds of stocks? I had seen the chart of DLX late last fall and was amazed recently to see it still following the same pattern, so last week I bought some shares of DLX, hoping that the trend will continue. I suppose this type of stock will not yield amazing returns but hopefully a longterm steady return. > >As a new member of the discussion group, I am enjoying reading and learning from all the emails. >Ben > ----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Saturday, January 26, 2002 9:23 AM > Subject: [CANSLIM] Worley's Weekend Weeview > > > LEAVE IT TO THE JAPANESE > A Japanese toymaker (Takara Co. Ltd.) intends to begin building electric cars. Not toys, real cars, that can be driven on the highway. They also make karaoke systems, robots that open beer cans, and remote operated cars for young adults. > >---------------------------------------------------------------- - -------------- > > LEADING INDICATORS > Latest report (for Dec) shows 8 of the 10 components rising, overall rate up 1.2%. This is the third monthly improvement (largest since 1996), and combined with the 0.8% gain in Nov, is the largest two month gain since 1992. Best indication from this is no Fed rate cut Jan 30. Since expectation of another 25 basis point cut is already priced into the market, this could be bad, but likely more than offset by an upbeat Greenspan. Mr. Greenspan address to Congress on Thursday did clarify, as some rumors suggest his words on Jan 11 were taken as more bearish and concerned about the economy than he intended. The coincident indicators, BTW, which measure current economic activity, reversed to the positive in December, up 0.1% after a drop of 0.3% in November. Still, I am now expecting the Q4 GDP will end up being a negative number, confirming that we had (note the past tense) a recession. >---------------------------------------------------------------- - -------------- > > UNEMPLOYMENT > While expectations continue that the overall rate will rise to 6% or higher, it is worth noting that new claims continue to fall, and this week once again were below expectations. The 4 week average, a more reliable indicator, also dipped nearly to 400,000, and continuing claims dropped by 50,000. > >---------------------------------------------------------------- - -------------- > > UPCOMING INFLUENCES > This week is full of some major economic reports, plus the meeting of FOMC on Tue/Wed. Monday we get new home sales (industry remains very strong, saw a lot of good looking stocks today), Tuesday is Consumer Confidence and Durable Goods reports, Wednesday we get the first reading on the GDP for Q4, Thursday we get the Personal Income and Spending Report, and Friday we get the Employment Report for January. > >---------------------------------------------------------------- - -------------- > > WORLEY'S WATCHLIST WANNABEES > Although the markets didn't seem to do much this week, the population of stocks I am reviewing this week is growing. New highs continue to substantially exceed new lows, and up/down volume seemed to be higher as well. > > As always, Bx is my shorthand for a flat line "B"ase of "x" weeks duration, IMO. Any larger basing pattern I see, such as a cup & handle, double bottom, LLUR, etc., I will state. > > BBY - c&h, handle 5+ weeks on declining volume > BVN - c&h, handle 2 weeks, vol still high, Peruvian firm > CEDC - LLUR > CRFT - B6 > DKWD - volatile LLUR > DLX - amazingly smooth LLUR even tho forecasts not great > ELTE - didn't quite break the pivot on Friday on 2X ADV > EME - nice double bottom, low forecasts, handle trending slightly up on low volume, 5 weeks > EUNI - what a wild ride, can't read the chart, strong forecasts, low price > FCN - LLUR, broke out to the high side of range on volume > FHRX - former LLUR that broke pattern to downside, may now be c&h w/rough 5 week handle > FMAR - high handle to the cup, low price and volume > FRED - LLUR > GFF - LLUR > HCBK - smooth ascent, not sure how to read it but strong earnings forecast and 3 div increases in 3 qtrs > HOV - nice 5 week high handle on a smooth cup, low forecast and latest qtr down slightly > HTRN - high handle on nice cup, good forecast > IART - high side of trading range, volume dropping, strong forecast > MDCI - B4, well under high but good forecast > NLY - B4 > PENN - high handle forming? > PETM - nice LLUR > PFGC - c&h, started b/o Friday, nearly 2X ADV but not past pivot of 36.35 > POSS - B4 > RGIS - B4 > RYAN - LLUR > SCVL - c&h, high handle 3 weeks > STSA - c&h, new handle, selling vol above avg but price holding > TASR - B2, EPS only 55 but earnings forecast 227% > URBN - B5 > WSH - tight B9 despite doing a secondary offering soon after the IPO > WTSLA - B2 > > Happy Hunting, > > > > Tom Worley > stkguru@netside.net > AIM: TexWorley > _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.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: Mon, 28 Jan 2002 08:30:28 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0055_01C1A7D6.0A4D1BB0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0056_01C1A7D6.0A4D1BB0" - ------=_NextPart_001_0056_01C1A7D6.0A4D1BB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Ben, You already figured out most of the mystery of LLUR (Lower Left Upper = Right). It is a contribution from a former member of the group, but not = a WON defined chart pattern (altho recently IBD talked about an = "ascending base" which may be similar). DLX is an excellent example of a LLUR. Very steady pattern, even through = the halt after 9/11 attacks. Very tight daily trading range as well. And = just keeps steadily moving up the price chart, even tho earnings = forecasts are anything but robust. Can also be viewed as a trading range = which is steadily moving higher, on more volatile stocks. Best way to view the pattern is to tilt your head about 45 degrees to = the left, and you should then see a long (preferably 12 months but = lately 6 months seems to be working as well) very flat line base. There = should be consistency particularly in the bottom of the trading range. = Many of the LLUR patterns seem to bottom out on the 50 DMA, but you can = play with the DMA lines and find other time periods that may better fit = the chart pattern. As for entry / exit points, depends on whether you are trying to trade = it short term or invest mid to long term. For short term, entry is at = the bottom of the trading range, exit at the high side of the range. For = investing, best to enter at the bottom of the range but can just about = pick any spot if you don't mind the possibility of a short term decline. = In either case, the pattern is pretty sacred. If it violates the = pattern, such as with a sharp breakout up, then your finger should be on = the sell trigger because this pattern generally doesn't create any = nearby support if it fails. Consistency of the pattern is very = important, just as is making sure it also possesses good CANSLIM = character in terms of RS, EPS, etc. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ben Chilcote=20 To: canslim@lists.xmission.com=20 Sent: Monday, January 28, 2002 8:08 AM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom, Enjoyed reading your Weekned Weeview. I looked at charts of all the = stocks in your watchlist and I have a question. What does LLUR stand = for? I can see from the charts that it is a stock the is slowly and = constistantly rising staying above the 50DMA. Also, where is the pivot = or buying point for these kinds of stocks? I had seen the chart of DLX = late last fall and was amazed recently to see it still following the = same pattern, so last week I bought some shares of DLX, hoping that the = trend will continue. I suppose this type of stock will not yield = amazing returns but hopefully a longterm steady return.=20 As a new member of the discussion group, I am enjoying reading and = learning from all the emails. Ben ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, January 26, 2002 9:23 AM Subject: [CANSLIM] Worley's Weekend Weeview LEAVE IT TO THE JAPANESE A Japanese toymaker (Takara Co. Ltd.) intends to begin building = electric cars. Not toys, real cars, that can be driven on the highway. = They also make karaoke systems, robots that open beer cans, and remote = operated cars for young adults. - -------------------------------------------------------------------------= - --- LEADING INDICATORS Latest report (for Dec) shows 8 of the 10 components rising, overall = rate up 1.2%. This is the third monthly improvement (largest since = 1996), and combined with the 0.8% gain in Nov, is the largest two month = gain since 1992. Best indication from this is no Fed rate cut Jan 30. = Since expectation of another 25 basis point cut is already priced into = the market, this could be bad, but likely more than offset by an upbeat = Greenspan. Mr. Greenspan address to Congress on Thursday did clarify, as = some rumors suggest his words on Jan 11 were taken as more bearish and = concerned about the economy than he intended. The coincident indicators, = BTW, which measure current economic activity, reversed to the positive = in December, up 0.1% after a drop of 0.3% in November. Still, I am now = expecting the Q4 GDP will end up being a negative number, confirming = that we had (note the past tense) a recession.=20 - -------------------------------------------------------------------------= - --- UNEMPLOYMENT While expectations continue that the overall rate will rise to 6% or = higher, it is worth noting that new claims continue to fall, and this = week once again were below expectations. The 4 week average, a more = reliable indicator, also dipped nearly to 400,000, and continuing claims = dropped by 50,000.=20 - -------------------------------------------------------------------------= - --- UPCOMING INFLUENCES This week is full of some major economic reports, plus the meeting = of FOMC on Tue/Wed. Monday we get new home sales (industry remains very = strong, saw a lot of good looking stocks today), Tuesday is Consumer = Confidence and Durable Goods reports, Wednesday we get the first reading = on the GDP for Q4, Thursday we get the Personal Income and Spending = Report, and Friday we get the Employment Report for January. - -------------------------------------------------------------------------= - --- WORLEY'S WATCHLIST WANNABEES Although the markets didn't seem to do much this week, the = population of stocks I am reviewing this week is growing. New highs = continue to substantially exceed new lows, and up/down volume seemed to = be higher as well. As always, Bx is my shorthand for a flat line "B"ase of "x" weeks = duration, IMO. Any larger basing pattern I see, such as a cup & handle, = double bottom, LLUR, etc., I will state. BBY - c&h, handle 5+ weeks on declining volume BVN - c&h, handle 2 weeks, vol still high, Peruvian firm CEDC - LLUR CRFT - B6 DKWD - volatile LLUR DLX - amazingly smooth LLUR even tho forecasts not great ELTE - didn't quite break the pivot on Friday on 2X ADV EME - nice double bottom, low forecasts, handle trending slightly up = on low volume, 5 weeks EUNI - what a wild ride, can't read the chart, strong forecasts, low = price FCN - LLUR, broke out to the high side of range on volume FHRX - former LLUR that broke pattern to downside, may now be c&h = w/rough 5 week handle FMAR - high handle to the cup, low price and volume FRED - LLUR GFF - LLUR HCBK - smooth ascent, not sure how to read it but strong earnings = forecast and 3 div increases in 3 qtrs HOV - nice 5 week high handle on a smooth cup, low forecast and = latest qtr down slightly HTRN - high handle on nice cup, good forecast IART - high side of trading range, volume dropping, strong forecast MDCI - B4, well under high but good forecast NLY - B4 PENN - high handle forming? PETM - nice LLUR PFGC - c&h, started b/o Friday, nearly 2X ADV but not past pivot of = 36.35 POSS - B4 RGIS - B4 RYAN - LLUR SCVL - c&h, high handle 3 weeks STSA - c&h, new handle, selling vol above avg but price holding TASR - B2, EPS only 55 but earnings forecast 227% URBN - B5 WSH - tight B9 despite doing a secondary offering soon after the IPO WTSLA - B2 Happy Hunting, Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_001_0056_01C1A7D6.0A4D1BB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Ben,
 
You already figured out most of the mystery of = LLUR (Lower=20 Left Upper Right). It is a contribution from a former member of the = group, but=20 not a WON defined chart pattern (altho recently IBD talked about an = "ascending=20 base" which may be similar).
 
DLX is an excellent example of a LLUR. Very = steady=20 pattern, even through the halt after 9/11 attacks. Very tight daily = trading=20 range as well. And just keeps steadily moving up the price chart, even = tho=20 earnings forecasts are anything but robust. Can also be viewed as a = trading=20 range which is steadily moving higher, on more volatile = stocks.
 
Best way to view the pattern is to tilt your = head about 45=20 degrees to the left, and you should then see a long (preferably 12 = months but=20 lately 6 months seems to be working as well) very flat line base. There = should=20 be consistency particularly in the bottom of the trading range. Many of = the LLUR=20 patterns seem to bottom out on the 50 DMA, but you can play with the DMA = lines=20 and find other time periods that may better fit the chart = pattern.
 
As for entry / exit points, depends on whether = you are=20 trying to trade it short term or invest mid to long term. For short = term, entry=20 is at the bottom of the trading range, exit at the high side of the = range. For=20 investing, best to enter at the bottom of the range but can just about = pick any=20 spot if you don't mind the possibility of a short term decline. In = either case,=20 the pattern is pretty sacred. If it violates the pattern, such as with a = sharp=20 breakout up, then your finger should be on the sell trigger because this = pattern=20 generally doesn't create any nearby support if it fails. Consistency of = the=20 pattern is very important, just as is making sure it also possesses good = CANSLIM=20 character in terms of RS, EPS, etc.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Ben=20 Chilcote
To: canslim@lists.xmission.com=
Sent: Monday, January 28, 2002 = 8:08=20 AM
Subject: Re: [CANSLIM] Worley's = Weekend=20 Weeview

Tom,
Enjoyed reading your Weekned = Weeview.  I=20 looked at charts of all the stocks in your watchlist and I have a=20 question.  What does LLUR stand for?  I can see from the = charts that=20 it is a stock the is slowly and constistantly rising staying above the = 50DMA.  Also, where is the pivot or buying point for these kinds = of=20 stocks?  I had seen the chart of DLX late last fall and was = amazed=20 recently to see it still following the same pattern, so last week I = bought=20 some shares of DLX, hoping that the trend will continue.  I = suppose this=20 type of stock will not yield amazing returns but hopefully a longterm = steady=20 return.
 
As a new member of the discussion = group, I am=20 enjoying reading and learning from all the emails.
Ben
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Saturday, January 26, = 2002 9:23=20 AM
Subject: [CANSLIM] Worley's = Weekend=20 Weeview

LEAVE IT TO THE = JAPANESE
A Japanese toymaker (Takara Co. Ltd.) = intends to begin=20 building electric cars. Not toys, real cars, that can be driven on = the=20 highway. They also make karaoke systems, robots that open beer cans, = and=20 remote operated cars for young adults.
LEADING INDICATORS
Latest report (for Dec) shows 8 of the 10 components rising, = overall=20 rate up 1.2%. This is the third monthly improvement (largest since = 1996),=20 and combined with the 0.8% gain in Nov, is the largest two month = gain since=20 1992. Best indication from this is no Fed rate cut Jan 30. Since = expectation=20 of another 25 basis point cut is already priced into the market, = this could=20 be bad, but likely more than offset by an upbeat Greenspan. Mr. = Greenspan=20 address to Congress on Thursday did clarify, as some rumors = suggest his=20 words on Jan 11 were taken as more bearish and concerned = about the=20 economy than he intended. The coincident indicators, BTW, which = measure=20 current economic activity, reversed to the positive in December, up = 0.1%=20 after a drop of 0.3% in November. Still, I am now expecting the Q4 = GDP will=20 end up being a negative number, confirming that we had (note the = past tense)=20 a recession.=20
UNEMPLOYMENT
While expectations continue that the overall rate will rise to = 6% or=20 higher, it is worth noting that new claims continue to fall, and = this week=20 once again were below expectations. The 4 week average, a more = reliable=20 indicator, also dipped nearly to 400,000, and continuing claims = dropped by=20 50,000.
UPCOMING INFLUENCES
This week is full of some major economic reports, plus the = meeting of=20 FOMC on Tue/Wed. Monday we get new home sales (industry remains very = strong,=20 saw a lot of good looking stocks today), Tuesday is Consumer = Confidence and=20 Durable Goods reports, Wednesday we get the first reading on the GDP = for Q4,=20 Thursday we get the Personal Income and Spending Report, and Friday = we get=20 the Employment Report for January.
WORLEY'S WATCHLIST WANNABEES
Although the markets didn't seem to do much this week, the = population=20 of stocks I am reviewing this week is growing. New highs continue to = substantially exceed new lows, and up/down volume seemed to be = higher as=20 well.
 
As always, Bx is my shorthand for a flat line "B"ase of "x" = weeks=20 duration, IMO. Any larger basing pattern I see, such as a cup & = handle,=20 double bottom, LLUR, etc., I will state.
 
BBY - c&h, handle 5+ weeks on declining volume
BVN - c&h, handle 2 weeks, vol still high, Peruvian = firm
CEDC - LLUR
CRFT - B6
DKWD - volatile LLUR
DLX - amazingly smooth LLUR even tho forecasts not great
ELTE - didn't quite break the pivot on Friday on 2X ADV
EME - nice double bottom, low forecasts, handle trending = slightly up on=20 low volume, 5 weeks
EUNI - what a wild ride, can't read the chart, strong = forecasts, low=20 price
FCN - LLUR, broke out to the high side of range on volume
FHRX - former LLUR that broke pattern to downside, may now be = c&h=20 w/rough 5 week handle
FMAR - high handle to the cup, low price and volume
FRED - LLUR
GFF - LLUR
HCBK - smooth ascent, not sure how to read it but strong = earnings=20 forecast and 3 div increases in 3 qtrs
HOV - nice 5 week high handle on a smooth cup, low forecast and = latest=20 qtr down slightly
HTRN - high handle on nice cup, good forecast
IART - high side of trading range, volume dropping, strong=20 forecast
MDCI - B4, well under high but good forecast
NLY - B4
PENN - high handle forming?
PETM - nice LLUR
PFGC - c&h, started b/o Friday, nearly 2X ADV but not past = pivot of=20 36.35
POSS - B4
RGIS - B4
RYAN - LLUR
SCVL - c&h, high handle 3 weeks
STSA - c&h, new handle, selling vol above avg but price=20 holding
TASR - B2, EPS only 55 but earnings forecast 227%
URBN - B5
WSH - tight B9 despite doing a secondary offering soon after = the=20 IPO
WTSLA - B2
 
Happy Hunting,
 
3D""
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
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Do not use quotes in your email. ------------------------------ Date: Mon, 28 Jan 2002 15:34:37 +0100 From: Andreas Himmelreich Subject: [CANSLIM] ROOM Room is going to break out .... Good numbers and rised guidance ... - - - -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: Mon, 28 Jan 2002 15:41:05 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] ROOM beautifull > -----Ursprungliche Nachricht----- > Von: Andreas Himmelreich [SMTP:judgejimmy@web.de] > Gesendet am: Monday, January 28, 2002 3:35 PM > An: 'canslim@lists.xmission.com' > Betreff: [CANSLIM] ROOM > > Room is going to break out .... > Good numbers and rised guidance ... > > > > - > -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: Mon, 28 Jan 2002 10:07:16 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] ROOM nice catch, Andreas 16% gain today already on 5X ADV Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Monday, January 28, 2002 9:41 AM Subject: AW: [CANSLIM] ROOM > beautifull > > > -----Ursprungliche Nachricht----- > > Von: Andreas Himmelreich [SMTP:judgejimmy@web.de] > > Gesendet am: Monday, January 28, 2002 3:35 PM > > An: 'canslim@lists.xmission.com' > > Betreff: [CANSLIM] ROOM > > > > Room is going to break out .... > > Good numbers and rised guidance ... > > > > > > > > - > > -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: Mon, 28 Jan 2002 10:32:32 -0700 From: Warren Keuffel Subject: [CANSLIM] CHBS CANSLIMers -- What do you make of CHBS? The fundies are good, and it has (or had) a C&H with a nice handle, but now there is upward activity from the handle base but not on good volume. Should the pattern of the handle disqualify the stock from consideration as a CANSLIM candidate? Thanks, Warren - - - -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: Mon, 28 Jan 2002 16:27:15 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] CHBS Warren: These are just my opinions based on my understanding of WON's CANSLIM=20 ideas: To me it does not yet invalidate the C&H formation. If the handle=20 wedged upward, then CHBS would invalidated as a CANSLIM candidate. Or if it= =20 BO above its pivot point (about 34=BE) on lowish volume, then it also would=20= not=20 be CANSLIMMISH. Sometimes a stock will rise to its pivot point on low volume. If the=20 market is in a bull, the stock will break out with high volume. If it is in= =20 a bear (or consolidating) the stock probably will fall into a base-on-base,=20 or another handle consolidation. To identify that the stock is still strong= ,=20 look at the volume. It should be low. The Big Picture on 1/28/02 gives wha= t=20 I believe is apropos counsel: =20 "Now is a good time to search for stocks with strong fundmentals. Loo= k=20 at IBD's yellow highlighted stocks; NY and NASDAQ Where The Big Money Is=20 Flowing and Stocks In The News; Weekend Review. 1) See if the buy candidate= =20 has more up weeks in above average volume than down weeks in above average=20 volume (ie. the stock has more up weeks than downs, and the ups were=20 generally on above average volume). 2) Also note that the stock should ten= d=20 to close in the upper half of each week's trading range. 3) See if the base= s=20 are areas of tight trading ranges and closes. ALL OF THESE TRAITS PAINT A=20 PICTURE OF INSTITUTIONS ACCUMULATING THE STOCK. IT STANDS TO REASON THAT IF= =20 THEY SUPPORT THE STOCK DURING ITS BASING PHASE, THAT THEY WILL BE MORE LIKEL= Y=20 TO BE HEAVY BUYERS WHEN THE STOCK BREAKS OUT." Also, another way to judge the strength of the stock: Notice that the=20 RS line (in DGO) is strongish today (ie. it is trending up, and is at least=20 as high as it was at the left lip of the cup. jans=20 In a message dated 1/28/2002 12:30:34 PM Eastern Standard Time,=20 wkeuffel@xmission.com writes: << CANSLIMers -- =20 What do you make of CHBS? The fundies are good, and it has (or had) a=20 C&H with a nice handle, but now there is upward activity from the handle=20 base but not on good volume. Should the pattern of the handle=20 disqualify the stock from consideration as a CANSLIM candidate? =20 Thanks, Warren >> - - - -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: Mon, 28 Jan 2002 20:34:20 -0500 From: "Tom Worley" Subject: [CANSLIM] Another Andersen client This is a multi-part message in MIME format. - ------=_NextPart_000_0088_01C1A83B.2A405300 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Global Crossing Ltd (GX) just filed for bankruptcy as a preplanned = reorganization in which two of its Asian partners will buy the assets = for $750 million. Closed today at 28 cents, down 23 cents for the day on = NYSE (gotta be embarrassing to NYSE, ENE was the record bankruptcy, GX = is #4, and that's just this month). I am sure it's a coincidence, but = for year 2000 Andersen billed them $2.3 million for audit services, and = nearly $12 million for consulting and other non-audit services. I am = sure that couldn't have biased Andersen in any way, of course. Common and preferred shareholders lose everything, including Management = reported still owning 14%. Then again, there was some insider selling = last May when the stock was still in the mid-teens, as well as some = buying in October when it traded $1-3. Anybody know a place on the net where I can find a list of Andersen's = clients, showing billing by Audit and non-Audit services? I would like = to do some shorting. There seems to be a pattern emerging here. The = Chairman of Andersen says the firm will survive, but I am not sure that = is good news for investors. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0088_01C1A83B.2A405300 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Global Crossing Ltd (GX) just filed for = bankruptcy as=20 a preplanned reorganization in which two of its Asian partners will buy = the=20 assets for $750 million. Closed today at 28 cents, down 23 cents for the = day on=20 NYSE (gotta be embarrassing to NYSE, ENE was the record bankruptcy, GX = is #4,=20 and that's just this month). I am sure it's a coincidence, but for year = 2000=20 Andersen billed them $2.3 million for audit services, and nearly $12 = million for=20 consulting and other non-audit services. I am sure that couldn't have = biased=20 Andersen in any way, of course.
 
Common and preferred shareholders lose = everything,=20 including Management reported still owning 14%. Then again, there was = some=20 insider selling last May when the stock was still in the mid-teens, as = well as=20 some buying in October when it traded $1-3.
 
Anybody know a place on the net where I can find = a list of=20 Andersen's clients, showing billing by Audit and non-Audit services? I = would=20 like to do some shorting. There seems to be a pattern emerging here. The = Chairman of Andersen says the firm will survive, but I am not sure that = is good=20 news for investors.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0088_01C1A83B.2A405300-- - - - -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: Mon, 28 Jan 2002 19:21:15 -0700 From: Warren Keuffel Subject: Re: [CANSLIM] CHBS Thanks. Someone (who wishes to remain anonymous) pointed out that CHBS has 93% institutional ownership (99% of the float!) and therefore concludes that there is little further room for the big money to move in. Sounds logical to me. Anyway I also discovered that a small-cap mutual fund that I invest in is the 2nd largest institutional holder of CHBS, so I am already getting a piece of that action. Warren Spencer48@aol.com wrote: >Warren: > > These are just my opinions based on my understanding of WON's CANSLIM >ideas: To me it does not yet invalidate the C&H formation. If the handle >wedged upward, then CHBS would invalidated as a CANSLIM candidate. Or if it >BO above its pivot point (about 34¾) on lowish volume, then it also would not >be CANSLIMMISH. > > Sometimes a stock will rise to its pivot point on low volume. If the >market is in a bull, the stock will break out with high volume. If it is in >a bear (or consolidating) the stock probably will fall into a base-on-base, >or another handle consolidation. To identify that the stock is still strong, >look at the volume. It should be low. The Big Picture on 1/28/02 gives what >I believe is apropos counsel: > "Now is a good time to search for stocks with strong fundmentals. Look >at IBD's yellow highlighted stocks; NY and NASDAQ Where The Big Money Is >Flowing and Stocks In The News; Weekend Review. 1) See if the buy candidate >has more up weeks in above average volume than down weeks in above average >volume (ie. the stock has more up weeks than downs, and the ups were >generally on above average volume). 2) Also note that the stock should tend >to close in the upper half of each week's trading range. 3) See if the bases >are areas of tight trading ranges and closes. ALL OF THESE TRAITS PAINT A >PICTURE OF INSTITUTIONS ACCUMULATING THE STOCK. IT STANDS TO REASON THAT IF >THEY SUPPORT THE STOCK DURING ITS BASING PHASE, THAT THEY WILL BE MORE LIKELY >TO BE HEAVY BUYERS WHEN THE STOCK BREAKS OUT." > > Also, another way to judge the strength of the stock: Notice that the >RS line (in DGO) is strongish today (ie. it is trending up, and is at least >as high as it was at the left lip of the cup. > >jans > > >In a message dated 1/28/2002 12:30:34 PM Eastern Standard Time, >wkeuffel@xmission.com writes: > ><< CANSLIMers -- > > What do you make of CHBS? The fundies are good, and it has (or had) a > C&H with a nice handle, but now there is upward activity from the handle > base but not on good volume. Should the pattern of the handle > disqualify the stock from consideration as a CANSLIM candidate? > > Thanks, > Warren >> > >- >-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 #2088 ****************************** 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.