From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3307 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, May 11 2003 Volume 02 : Number 3307 In this issue: Re: [CANSLIM] Tom Worley: Tragic Announcement [CANSLIM] SHFL Re: [CANSLIM] SHFL Re: [CANSLIM] SHFL Re: [CANSLIM] Tom Worley: Tragic Announcement RE: [CANSLIM] SHFL ---------------------------------------------------------------------- Date: Sat, 10 May 2003 17:17:55 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] Tom Worley: Tragic Announcement A few members of CANSLIM serve as the "cement" that holds the group together. Tom Worley was one of those cement-ers. His loss hurts the group. As we mourn Tom's loss, we can begin giving some thought to steps that we might take to promote continuing interest and excitement in the group. For example, we could run an ongoing "contest" for "stock of the week". Members could submit candidates, i.e., stocks indicated for purchase as meeting CANSLIM technical and fundamental standards. A Committee of judges (say, 5) would give their opinions. No prizes, just the "glory". And maybe some good tips. We could keep it manageable by permitting only one submittal per member per month. This thought is the first that came to mind. Any other ideas out there -- in the way of positive action to keep this group stimulated? Regards, Dave Schwartz - - - -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, 10 May 2003 20:05:59 -0400 From: Roger Tawa Subject: [CANSLIM] SHFL This is a multi-part message in MIME format. - --Boundary_(ID_g+lt326TiYVmE3qwlQJQcg) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT Hi all, I see a cup from the beginning of November 2002 to a pivot at the beginning of may 2003. it has a nice run up to the left hand side, does not correct too deeply, and forms the pivot quite close to the left level. The rs line rises nicely during the right-hand-side formation, and the rs rank remains strong too. This is true even during the price drop in the handle. However, I don't see huge volume in the right-hand-side of the cup. The fundies look good, with one exception: institutions seem to be getting out. Does anyone have comments on SHFL? 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Do not use quotes in your email. ------------------------------ Date: Sun, 11 May 2003 12:12:40 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] SHFL Roger, What gives you the clue that "...institutions seem to be getting out." The number of funds invested in SHFL, according to Daily Graphs Online, from June/02 to March/03 is 81->98 (although in Dec. it was 99). Is this the only signal that you see? In my opinion I wouldn't invest in SHFL for these reasons: 1) I believe strength of the Leisure/Gaming Equip. industry is beginning to end; its power was shown in the past few months and now-in my opinion-it's going to dissipate. The stocks in this group are already surfeited and ready to digest their gains. The up and coming industries, I believe, will have to do with Technology and Medical stocks. Also, specifically to SHFL, notice the four weakly peaks it has made since May/01. Around 25 seems to be the resistance point. And the RelativeStrengthLine does not indicate that the stock is strong enough to break the resistance. I conclude this because: Notice that the previous peak's RSL was in strong divergence from its prior resistance peak (in early Nov./02). However, in last week's price peak (at the resistance) RSL is either below or just barely above (it is certainly not showing the kind of strength the previous RSL showed at Nov/02's resistance point). jans In a message dated 5/10/2003 8:10:07 PM Eastern Daylight Time, roger@tawacentral.net writes: << The fundies look good, with one exception: institutions seem to be getting out. >> - - - -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, 11 May 2003 12:51:35 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] SHFL Roger, Jans, I believe Roger is looking at the institutional ownership activities for the stock when he commented about the institional thing. http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=shfl I cannot comment on the RS lines from Jans' input since I don't have much experience reading the RS line. The fundies for SHFL looks good. 15.69 out of 18 (very good) for the CS evaluator. The zone is green 4-4. The institional ownership looks too high ~98%. Anyone want to correct me on this opinion? Looking at the chart, left side of the cup starts at 11/4/02 and right side of the cup is at 3/21/03 at $21.98. Handle is from 3/22 to 4/29. Handle trended down, which is good. BO is on 4/30 with not as much volume as I would have liked. But big volume two days later. If you agreen with the CwH dates, then the stock is a little extended. Just my $.02 tomas - --- Spencer48@aol.com wrote: > Roger, > > What gives you the clue that "...institutions > seem to be getting out." > The number of funds invested in SHFL, according to > Daily Graphs Online, from > June/02 to March/03 is 81->98 (although in Dec. it > was 99). Is this the only > signal that you see? > > In my opinion I wouldn't invest in SHFL for > these reasons: 1) I believe > strength of the Leisure/Gaming Equip. industry is > beginning to end; its power > was shown in the past few months and now-in my > opinion-it's going to > dissipate. The stocks in this group are already > surfeited and ready to > digest their gains. The up and coming industries, I > believe, will have to do > with Technology and Medical stocks. > > Also, specifically to SHFL, notice the four > weakly peaks it has made > since May/01. Around 25 seems to be the resistance > point. And the > RelativeStrengthLine does not indicate that the > stock is strong enough to > break the resistance. I conclude this because: > Notice that the previous > peak's RSL was in strong divergence from its prior > resistance peak (in early > Nov./02). > > However, in last week's price peak (at the > resistance) RSL is either > below or just barely above (it is certainly not > showing the kind of strength > the previous RSL showed at Nov/02's resistance > point). > > jans > > > > In a message dated 5/10/2003 8:10:07 PM Eastern > Daylight Time, > roger@tawacentral.net writes: > > << The fundies look good, with one exception: > institutions seem to be getting > out. > >> > > - > -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!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.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: Sun, 11 May 2003 15:38:00 -0400 From: "Charles & Lois Layne" Subject: Re: [CANSLIM] Tom Worley: Tragic Announcement This is a multi-part message in MIME format. - ------=_NextPart_000_0027_01C317D3.4D911D40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable As a very part-time participant in the CANSLIM forum, I wish to add my = appreciation for Tom's welcoming ways. Shortly after signing up on the = board, he took the time to explain the many acronyms being thrown = around. I am certain he had done so for others many times before, yet = he expressed no indication of arrogance or superiority each time he did = such a thing. He freely shared his experience and his knowledge with = any and all who were interested. =20 It is hard to accept such a sudden tragedy. I express my condolances to = Tom's family and those who are affected by this tragedy. =20 Charles Layne - ------=_NextPart_000_0027_01C317D3.4D911D40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
As a very part-time participant in the = CANSLIM=20 forum, I wish to add my appreciation for Tom's welcoming ways.  = Shortly=20 after signing up on the board, he took the time to explain the many = acronyms=20 being thrown around.  I am certain he had done so for others many = times=20 before, yet he expressed no indication of arrogance or superiority each = time he=20 did such a thing.  He freely shared his experience and his = knowledge with=20 any and all who were interested. 
 
It is hard to accept such a sudden = tragedy.  I=20 express my condolances to Tom's family and those who are affected by = this=20 tragedy. 
 
 
Charles Layne
 
 
- ------=_NextPart_000_0027_01C317D3.4D911D40-- - - - -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, 11 May 2003 19:35:39 -0400 From: Roger Tawa Subject: RE: [CANSLIM] SHFL Hi Jans, Thanks for your comments, I'm just starting out and it is always very helpful to get some insight from the more experienced canslim folks. It seemed to me that institutions were "getting out" because the "net shares purchased mrq" in the canslim evaluator was -1016. however, after reading your comments I checked out msn, and they too seem to say that net position change is positive. I do see the 4 weekly peaks that you mention. I see what you mean by the resistance at 25. there also 3 weekly troughs in the same period, and these are rising. Does this mean anything? What do you mean that the rsline was "in strong divergence from its prior resistance peak"? I am looking at the charts on cwhcharts.com, and the rsline's peaks seem to coincide with the price peaks. Also, the rsline last week seemed to be at or making a new high. ================================================= Roger Tawa http://tawacentral.net/ [One thing about paradigms: shift happens.] [When you stop, you're done.] -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com Sent: Sunday, May 11, 2003 12:13 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] SHFL Roger, What gives you the clue that "...institutions seem to be getting out." The number of funds invested in SHFL, according to Daily Graphs Online, from June/02 to March/03 is 81->98 (although in Dec. it was 99). Is this the only signal that you see? In my opinion I wouldn't invest in SHFL for these reasons: 1) I believe strength of the Leisure/Gaming Equip. industry is beginning to end; its power was shown in the past few months and now-in my opinion-it's going to dissipate. The stocks in this group are already surfeited and ready to digest their gains. The up and coming industries, I believe, will have to do with Technology and Medical stocks. Also, specifically to SHFL, notice the four weakly peaks it has made since May/01. Around 25 seems to be the resistance point. And the RelativeStrengthLine does not indicate that the stock is strong enough to break the resistance. I conclude this because: Notice that the previous peak's RSL was in strong divergence from its prior resistance peak (in early Nov./02). However, in last week's price peak (at the resistance) RSL is either below or just barely above (it is certainly not showing the kind of strength the previous RSL showed at Nov/02's resistance point). jans In a message dated 5/10/2003 8:10:07 PM Eastern Daylight Time, roger@tawacentral.net writes: << The fundies look good, with one exception: institutions seem to be getting out. >> - - - -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 #3307 ****************************** 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.