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From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2967 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, October 6 2002 Volume 02 : Number 2967 In this issue: 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] Worley's Weekend Weeview [CANSLIM] Advise Requested ---------------------------------------------------------------------- Date: Sat, 5 Oct 2002 14:14:27 EDT From: RWElmer@aol.com Subject: Re: [CANSLIM] Worley's Weekend Weeview - --part1_3d.257afa84.2ad08603_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello Tom, Thanks for continuing to post your Worley's Weekend Weeview, despite this awful Market. This kind of discipline obviously serves you well in investing. This week's Weeview was particularly thorough and informative. I sell Real Estate in extreme northern California and I have felt extremely lucky to be experiencing the most vigorous Real Estate Market in a decade while the rest of the Economy is floundering. I must admit to feeling a bit nervous lately as to how long the good times will last here though. Our area is considered a bargain compared to other areas in California, but an increase of prices YTD of about 30% is starting to dissolve that advantage. Our biggest problem here in Redding is that we are almost totally a service based economy, with the vast majority of jobs being in the minimum wage to $10 an hour range. I can't help but see our area as a bit of a microcosm of the larger economy. Things are all well and good as long as consumer demand is high. For us that means and inflow of money from down in the Bay area. But once that source dries up, the locals cannot support house prices much higher than they are now. In the greater Economy the spending is coming courtesy of 0% financing and low rate mortgage refinancing. What happens when this dries up? Will manufacturing and corporate cap ex spending kick in to bail us out? One thing I'm wondering is how long a life so much of the high tech equipment bought pre Y2K has. When will it be time to start replacing this equipment? Hopefully it's before too much longer. At this point that's one of only two possible light I see. The other light I see is a grasp. That is that nobody seems to see things getting better and the masses are usually wrong. Basically the old Contrarian stance. With that thought in mind, and realizing that you are in that rare time period of holding cash, I wonder if you would be so kind as to publicly throw in the towel and swear off stocks for good. Then, until the next Bull is firmly in place, you could begin any thoughts on things you're considering buying with a, "If I were ever to buy a stock again, here's one I'd consider." Just some random thoughts in a dull, dull, dull Market. Best Regards, Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com - --part1_3d.257afa84.2ad08603_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello Tom,

Thanks for continuing to post your Worley's Weekend Weeview, despite this awful Market. This kind of discipline obviously serves you well in investing.

This week's Weeview was particularly thorough and informative. I sell Real Estate in extreme northern California and I have felt extremely lucky to be experiencing the most vigorous Real Estate Market in a decade while the rest of the Economy is floundering. I must admit to feeling a bit nervous lately as to how long the good times will last here though. Our area is considered a bargain compared to other areas in California, but an increase of prices YTD of about 30% is starting to dissolve that advantage.

Our biggest problem here in Redding is that we are almost totally a service based economy, with the vast majority of jobs being in the minimum wage to $10 an hour range. I can't help but see our area as a bit of a microcosm of the larger economy. Things are all well and good as long as consumer demand is high. For us that means and inflow of money from down in the Bay area. But once that source dries up, the locals cannot support house prices much higher than they are now.

In the greater Economy the spending is coming courtesy of 0% financing and low rate mortgage refinancing. What happens when this dries up? Will manufacturing and corporate cap ex spending kick in to bail us out? One thing I'm wondering is how long a life so much of the high tech equipment bought pre Y2K has. When will it be time to start replacing this equipment? Hopefully it's before too much longer. At this point that's one of only two possible light I see. The other light I see is a grasp. That is that nobody seems to see things getting better and the masses are usually wrong. Basically the old Contrarian stance.

With that thought in mind, and realizing that you are in that rare time period of holding cash, I wonder if you would be so kind as to publicly throw in the towel and swear off stocks for good. Then, until the next Bull is firmly in place, you could begin any thoughts on things you're considering buying with a, "If I were ever to buy a stock again, here's one I'd consider."

Just some random thoughts in a dull, dull, dull Market.

Best Regards,

Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com - --part1_3d.257afa84.2ad08603_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, 5 Oct 2002 13:25:11 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Worley's Weekend Weeview Good summary, pretty much reflects my own thoughts. Also, one of the leading stock sectors, housing, is starting to show some signs of weakenss, and another strong group, education (CECO, COCO, etc) got whacked for at least one day yesterday when Devry warned that they would miss earnings forecasts by a significant amount. On 5 Oct 2002 at 13:32, Tom Worley wrote: > "M" > Ugly, depressing, no end in sight, VIX high, even I can't be persuaded to buy > anything (now THAT's bearish). Lots of cuts in forecasts, and warnings of > shortfalls in Q3 results, and from major companies. And I cannot even vocalize a > single reason why I would expect things to start getting any better this year. > Even without the closure of the ports on the West Coast, I have lost faith that > Q4 results will show any significant improvement. Consumer spending definitely > looks to me to be weakening, and manufacturing spending is not increasing to - - - -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, 6 Oct 2002 11:19:10 -0400 From: "Ann" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0034_01C26D2A.313F9620 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, can you please explain this paragraph? Thanks, Ann ISM reports that September service sector growth jumped a full 3 = percentage points to 53.9%, eighth straight month of growth, and well = over expectations of a gain to 51.4%. As mentioned above, the rate of = layoffs accelerated with the employment factor down to 46.6% from 47.3%, = the 19th straight month of job losses. - ------=_NextPart_000_0034_01C26D2A.313F9620 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Tom, can you please explain this = paragraph?

Thanks,

Ann

ISM reports that September service sector growth = jumped a=20 full 3 percentage points to 53.9%, eighth straight month of growth, and = well=20 over expectations of a gain to 51.4%. As mentioned above, the rate of = layoffs=20 accelerated with the employment factor down to 46.6% from 47.3%, the = 19th=20 straight month of job losses.

- ------=_NextPart_000_0034_01C26D2A.313F9620-- - - - -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, 6 Oct 2002 11:32:09 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_002E_01C26D2C.01C017B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ISM (Institute of Supply Management, formerly known as NAPM - Nat'l Assn = of Purchasing Managers) produces two major monthly reports, one on = manufacturing, and one on the service sector. Both reports (indexes) = consist of a number of sub-components, including an employment factor = which is used to measure increase / decrease in actual jobs. Both = reports this week showed that more jobs were being lost in Sept than in = Aug, even tho the service sector report showed a strong gain overall. = For some years now, the manufacturing sector has been losing jobs while = the service sector has been gaining. It's unusual for both to lose jobs, = and dovetails with most other employment data (except for Labor's = reports). here's CNN's version of the report http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/index.htm - ----- Original Message -----=20 From: Ann=20 To: canslim@lists.xmission.com=20 Sent: Sunday, October 06, 2002 11:19 AM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom, can you please explain this paragraph? Thanks, Ann ISM reports that September service sector growth jumped a full 3 = percentage points to 53.9%, eighth straight month of growth, and well = over expectations of a gain to 51.4%. As mentioned above, the rate of = layoffs accelerated with the employment factor down to 46.6% from 47.3%, = the 19th straight month of job losses. - ------=_NextPart_000_002E_01C26D2C.01C017B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

ISM (Institute of Supply Management, formerly = known as=20 NAPM - Nat'l Assn of Purchasing Managers) produces two major monthly = reports,=20 one on manufacturing, and one on the service sector. Both reports=20 (indexes) consist of a number of sub-components, including an employment = factor=20 which is used to measure increase / decrease in actual jobs. Both = reports=20 this week showed that more jobs were being lost in Sept than in Aug, = even tho=20 the service sector report showed a strong gain overall. For some years = now, the=20 manufacturing sector has been losing jobs while the service sector has = been=20 gaining. It's unusual for both to lose jobs, and dovetails with most = other=20 employment data (except for Labor's reports).

here's CNN's version of the report

http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/i= ndex.htm

----- Original Message -----=20

From: Ann =

To: canslim@lists.xmission.com=

Sent: Sunday, October 06, 2002 11:19 AM

Subject: Re: [CANSLIM] Worley's Weekend Weeview

Tom, can you please explain this = paragraph?

Thanks,

Ann

- ------=_NextPart_000_002E_01C26D2C.01C017B0-- - - - -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, 6 Oct 2002 13:35:28 -0400 From: "Ann" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0012_01C26D3D.3BA077C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks, Tom. Ann ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, October 06, 2002 11:32 AM Subject: Re: [CANSLIM] Worley's Weekend Weeview ISM (Institute of Supply Management, formerly known as NAPM - Nat'l = Assn of Purchasing Managers) produces two major monthly reports, one on = manufacturing, and one on the service sector. Both reports (indexes) = consist of a number of sub-components, including an employment factor = which is used to measure increase / decrease in actual jobs. Both = reports this week showed that more jobs were being lost in Sept than in = Aug, even tho the service sector report showed a strong gain overall. = For some years now, the manufacturing sector has been losing jobs while = the service sector has been gaining. It's unusual for both to lose jobs, = and dovetails with most other employment data (except for Labor's = reports). here's CNN's version of the report = http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/index.htm ----- Original Message -----=20 From: Ann=20 To: canslim@lists.xmission.com=20 Sent: Sunday, October 06, 2002 11:19 AM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom, can you please explain this paragraph? Thanks, Ann ISM reports that September service sector growth jumped a full 3 = percentage points to 53.9%, eighth straight month of growth, and well = over expectations of a gain to 51.4%. As mentioned above, the rate of = layoffs accelerated with the employment factor down to 46.6% from 47.3%, = the 19th straight month of job losses. - ------=_NextPart_000_0012_01C26D3D.3BA077C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Thanks, Tom.

Ann

----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com=

Sent: Sunday, October 06, 2002 = 11:32=20 AM

Subject: Re: [CANSLIM] Worley's = Weekend=20 Weeview

ISM (Institute of Supply Management, formerly = known as=20 NAPM - Nat'l Assn of Purchasing Managers) produces two major monthly = reports,=20 one on manufacturing, and one on the service sector. Both = reports=20 (indexes) consist of a number of sub-components, including an = employment=20 factor which is used to measure increase / decrease in actual = jobs. Both=20 reports this week showed that more jobs were being lost in Sept than = in Aug,=20 even tho the service sector report showed a strong gain overall. For = some=20 years now, the manufacturing sector has been losing jobs while the = service=20 sector has been gaining. It's unusual for both to lose jobs, and = dovetails=20 with most other employment data (except for Labor's = reports).

here's CNN's version of the = report

http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/i= ndex.htm

----- Original Message -----=20
From: Ann =

To: canslim@lists.xmission.com=

Sent: Sunday, October 06, 2002 11:19 AM

Subject: Re: [CANSLIM] Worley's Weekend = Weeview

Tom, can you please explain this = paragraph?

Thanks,

Ann

ISM reports that September service sector = growth jumped=20 a full 3 percentage points to 53.9%, eighth straight month of growth, = and well=20 over expectations of a gain to 51.4%. As mentioned above, the rate of = layoffs=20 accelerated with the employment factor down to 46.6% from 47.3%, the = 19th=20 straight month of job losses.

- ------=_NextPart_000_0012_01C26D3D.3BA077C0-- - - - -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, 06 Oct 2002 11:20:34 -0700 From: Shawn Meehan Subject: [CANSLIM] Advise Requested This is a multi-part message in MIME format. - ------=_NextPart_000_0090_01C26D2A.63ABE960 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Fellow Investors. I'd like to ask if some of you would give me some input on my investing newsletter website. I charge NOTHING to anyone! Just let me know what you think. Does it's value make itself apparent? Is this something you'd subscribe to? I would have thought that investors would love a free digest of professional newsletters that people are paying thousands of dollars to subscribe to? I've really been fortunate to strike such a nice deal with the publisher's agents. My subscriptions registrations are very slow, but steady. I'm seeking a way to exposure this to help more people. Much Thanks! www.vitalstocks.com Here is a link to the most recent edition online! http://www.topica.com/lists/vitalstocks/read/message.html?mid=905387660 &sort=d&start=0 Shawn M. Meehan President VitalStocks.com Your FREE Professional Investing Newsletter Digest 1510 Alamo Drive #26 Vacaville, CA 95687-6064 shawn@vitalstocks.com www.vitalstocks.com - ------=_NextPart_000_0090_01C26D2A.63ABE960 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message

Fellow = Investors.

I'd = like to ask if=20 some of you would give me some input on my investing newsletter = website. I=20 charge NOTHING to anyone! Just let me know what you think. = Does it's=20 value make itself apparent? Is this something you'd subscribe = to? I=20 would have thought that investors would love a free digest of = professional=20 newsletters that people are paying thousands of dollars to subscribe = to? =20 I've really been fortunate to strike such a nice deal with the = publisher's=20 agents.

My = subscriptions=20 registrations are very slow, but steady. I'm seeking a way to = exposure=20 this to help more people.

Much = Thanks! =20 www.vitalstocks.com = Here is a=20 link to the most recent edition online! http://www.topica.com/lists/vitalsto= cks/read/message.html?mid=3D905387660&sort=3Dd&start=3D0

Shawn M. = Meehan

President

VitalStocks.com

Your FREE=20 Professional Investing Newsletter Digest

1510 Alamo Drive = #26

Vacaville, CA = 95687-6064

shawn@vitalstocks.com

www.vitalstocks.com

- ------=_NextPart_000_0090_01C26D2A.63ABE960-- - - - -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 #2967 ****************************** 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.