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