Go to Jeff Salisbury LWGate Home Page.From: "Ann" <annholly@attbi.com>
Subject: Re: [CANSLIM] UCBH
Date: Thu, 15 Aug 2002 20:46:19 -0400
Previous Article (by Subject): Re: [CANSLIM] Today's IBD "Would you buy this stock?" "Katherine Malm"
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Tom, Thanks for your thoughts on inst ownership. Re chart, I, too, thought it was a double-bottom, but with a handle. My HTMMIS notes (or maybe I've added to them fr. other sources) say that when the W does not have a handle, the pivot is .10 above the midpoint; but when there *is* a handle, the pivot is .10 above the high of the handle. That's how I got 42.19, since 42.09 was the high of the handle. Ann - ----- Original Message ----- From: "Tom Worley" <stkguru@bellsouth.net> To: <canslim@lists.xmission.com> Sent: Thursday, August 15, 2002 6:50 PM Subject: Re: [CANSLIM] UCBH : Ann, several comments, I already addressed "institutional ownership" in : another email just posted, but would add to that I have never seen a stock : with true institutional ownership of 91%, unless the float was a very small : percent of the total issue (and I would doubt it even then). Institutional : investors want liquidity even more than us retail investors. If I see this : ownership reported this high, I would immediately suspect wrong data, either : because of a split, new issue, duplicate counting, or some other cause. : Mutual fund ownership is high (DGO says 31% of the float of 18.6 million : shares), and nr of funds owning has been growing (reported at 143 for June : 02, up from 140 the prior qtr and 119 a year ago). So institutional : ownership is going to be high, but no where near 91%. : : Second, you don't mention the chart pattern that you see. What I get is a : double bottom, with the pivot occurring 7/29 as it passed 10 cents higher : than the mid point of the "W" at a price of 40.05. The more cautious might : have wanted to wait for 7/30 to see if it followed thru. Ironically, that : would have put you into the stock just in time to catch the nearly 8% : correction (good example of why this "M" suggests only buying a partial : position, if you insist on buying at all). : : As for the fraud lawsuit loss, I must assume any mental, emotional or : financial factors are already priced into the stock. The only issue it would : have for me is what, if anything, it tells me about the ethics or honestly : of management. DGO says Management owns 5% (vice Yahoo's 1%). : : ----- Original Message ----- : From: "Ann" <annholly@attbi.com> : To: "CANSLIM Listserv" <canslim@lists.xmission.com> : Sent: Thursday, August 15, 2002 8:59 AM : Subject: [CANSLIM] UCBH : : : I am trying to do DD, using Yahoo. : : Looking at chart, I believe that it broke out on 8/12 (pp 42.19). It is now : at 42.40, which is well within the 2-3% limit that WON advises using (above : breakout) in this M. : : On 8/14, it hit a new 52-wk high (42.73). : : I was trying to do my due diligence, and came across some puzzling pieces of : info: : : Insiders only own 1%, whereas institutions own 91%. Is that worrisome? : : Also, they just lost a big fraud lawsuit! : : Sales growth is down, but less so thatn the rest of the industry. : EPS quarterly growth is up 28%; annual 23% (if I am doing this right!). : Pretax profit margin is 30%; after tax 18%. : : ROE is 20%. : : To me the company looks good, the industry is doing well. : : How significant is that court case? : : (I'm going for a walk. Hopefully I won't miss my big chance!) : : Ann : : : - : -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.
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