AW: [CANSLIM] TOL

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] TOL
Date: Thu, 20 Dec 2001 16:20:29 +0100

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Hi Katherine,

the trend is up until its broken. I think so too, it will not take a lot 
time until the whole group breaks down, but until then you can ride it ...
But I am with your conclusion ...

Andreas

> -----Ursprungliche Nachricht-----
> Von:	Katherine Malm [SMTP:kmalm@earthlink.net]
> Gesendet am:	Thursday, December 20, 2001 2:11 PM
> An:	canslim@lists.xmission.com
> Betreff:	Re: [CANSLIM] TOL
>
> High Dave,
>
> It looks to me as though TOL broke out on 12/12. But in truth, I have a 
hard time believing the homebuilders have enough oomph left in them to go 
much further; TOL, in particular, since it specializes in high end homes. 
If you look back on the industry, the real run is behind them. It started 
when the Fed started easing, and this is a typical reaction for the group. 
Also, it is common for interest rate sensitive groups such as homebuilders 
to lead out of a bear market. They often mark the transition from bear to 
new bull. It has been a bit confounding, however, as they seemed to have 
done well *while* the bear was going on. (I suppose a false signal with 
respect to timing.) I was puzzled when they fell apart earlier this summer. 
But this current run is corresponding more directly with other economic 
indicators such as an apparent bottoming in economically sensitive 
commodities, etc., and seems to point to a transitional period in the 
market.
>
> All in all, I'd say my conclusion would be to keep from taking any 
*risky* entries on the homebuilders.
>
> Katherine
>   ----- Original Message -----
>   From: J. David Stem
>   To: canslim@lists.xmission.com
>   Sent: Thursday, December 20, 2001 12:01 AM
>   Subject: [CANSLIM] TOL
>
>
>   Going through DGO, the stock TOL stood out to me... low PE, 36 M 
shares, A's across the board.  97 EPS, 83 RS.  It's just broken out of a 
cup on very strong volume, yet, alas, there's no handle.  Anyone have any 
thoughts/experience with patterns of this sort?
>
>   Dave
>  << Datei: ATT00000.htm >> 

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