Re: [CANSLIM] PonceBank (PBK) and Hadco (HDCO)


From: "David F. Cameron" <dcameron@harper.cc.il.us>
Subject: Re: [CANSLIM] PonceBank (PBK) and Hadco (HDCO)
Date: Mon, 25 Nov 96 6:53:35 CST

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Top of Thread: Re: [CANSLIM] PonceBank (PBK) and Hadco (HDCO) Zoran Mitrovski
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Zoran,

We'll all be watching PonceBank and HDCO today to see if your
predictive abilities continue. 
> 
> I was browsing the IBD weekend review, looking for 
> "undervalued" canslim candidates. (Remember, we 
> are all still worried about a market downturn).
> I saw PonceBank with really good numbers, with a 
> 52 week high AND "Fidelity LOW PRICE" just added some 
> more of it to make it a 0.5% of its funds. 
> PE: low. Debt: low. Volume: UP. EPS and RS both 
> way over 90. I'm writing from memory cause I'm 
> at school now and I don't have the IBD before me.
> The chart isn't a cup and handle but it sure does 
> only go up! 
> They are a bank in Puerto Rico, and from their 
> company profile (I studied it last night) and 
> from the latest news on them they seem to know
> what they are doing. Also, the July "crash" didn't 
> even put a dent on their stock performance. 
> Hmmm...
> 
> Also HDCO, still looks very good to me, so I'll 
> be watching that one tomorrow. My theory is that 
> there was a lot of profit taking on friday before 
> close because people (like myself) are affraid to 
> leave their money sleep in a train that is moving so 
> fast, and might get derailed any second. If the train 
> stays on the tracks Monday morning, I might want 
> to jump on it again. With firm stops protecting my 
> backside from below, of course.

Of course, if it HAD sailed through on Friday without
a pause, I'd take that as a sign to hang on - usually
stocks like that continue their climb on Monday.
> I didn't se any responses on future prospects of 
> HDCO. You don't like it? "How can anybody not like 
> it"?! (Seinfeld's mother).
  
I get this at work - so I'm usually not around on
Sunday's to comment!   Good move... I don't know
if it will continue - but it is worth watching, IMHO.

> Cheers, and happy huntin'
> Zoran
> 
> P.S.1. Hopefully my Datek account will be opened 
> this week so I can enjoy real time quotes instead 
> of trying to squint out the present from a point 
> 20 min back in time. 
> 
> P.S.2. Hey, has anybody ever applied canslim to 
> day trading? Or is there anything between 
> "day-trading" and "month-trading"? Something 
> like "coupla-days-trading"? I hope I don't become 
> one of those day traders, cause apparently that's 
> the direction that I'm headed. 
 
Last year, when high growth stocks were leading
the market to new highs, I traded once every 3 weeks
on average.   Sometimes it was 3 days - sometimes it
was 2 months - depending on the move.   Usually
it was successful.   Last year was by FAR my best
year - I was watching the market - and beat the
averages handily.   Unfortunately, that approach
hasn`t been working over the last 5 months - but
may be in the last week.

Good Luck

Dave Cameron
dcameron@harper.cc.il.us

> 
> 

Next Article (by Author): Re: [CANSLIM] [Fwd: Shorting of Stock] "David F. Cameron"
Previous Article (by Author): Re: [CANSLIM] HDCO (cont'd) Craig Griffin
Top of Thread: Re: [CANSLIM] PonceBank (PBK) and Hadco (HDCO) Zoran Mitrovski
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