Re: [CANSLIM] MFA

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] MFA
Date: Sun, 30 Dec 2001 23:31:59 -0500
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It's a Virtual Reality fund, everything real except the money. Has =
taught me a lot, and still learning, about the difficulties of managing =
a small cap fund, and having to stay invested when you would much prefer =
to be sitting in cash (like during August and September, right after I =
started the fund).

Tom Worley
stkguru@netside.net
AIM: TexWorley
  ----- Original Message -----=20
  From: Matt & Alicia Leverette=20
  To: canslim@lists.xmission.com=20
  Sent: Sunday, December 30, 2001 9:35 PM
  Subject: Re: [CANSLIM] MFA


  Yes, I understand.  But it has helped me on several occasions.

  By the way, I was wondering what is your VR fund?

  Matt Leverette
    ----- Original Message -----=20
    From: Tom Worley=20
    To: canslim@lists.xmission.com=20
    Sent: Sunday, December 30, 2001 7:59 PM
    Subject: Re: [CANSLIM] MFA


    Thanks, glad it's of use. Just keep in mind that it's only my =
"watchlist" for purposes of helping this group with some CS type stocks. =
For my own purposes, most will not meet my small cap, low priced =
standards.

    Tom Worley
    stkguru@netside.net
    AIM: TexWorley
      ----- Original Message -----=20
      From: Matt & Alicia Leverette=20
      To: canslim@lists.xmission.com=20
      Sent: Sunday, December 30, 2001 8:51 PM
      Subject: Re: [CANSLIM] MFA


      Thanks for your comments.  I am always looking for a good low =
priced stock, but I was concerned about this being a mortgage backed =
REIT. =20

      I think that I will keep looking.  By the way I appreciate your =
weekend review.  I don't have a lot of time to do research so I often =
use your watchlist to narrow my search.

      Thanks again,

      Matt
        ----- Original Message -----=20
        From: Tom Worley=20
        To: canslim@lists.xmission.com=20
        Sent: Sunday, December 30, 2001 7:43 PM
        Subject: Re: [CANSLIM] MFA


        Hi Matt,

        I got burned a number of years ago on a mortgage backed REIT, =
and learned my lesson. As a result, I won't consider them for growth =
oriented investment. I see that MFA currently has a yield of 12.7%, no =
doubt in my mind that is what is driving it. But with rates about as low =
as they are likely to get, and even more likely to start up in the =
future, even the fact that this company's mortgages are adjustables =
means that it will not keep up with rising rates.

        I would aqree that it appears to be forming a c&h, but the =
handle is high, up/down ratio is only 1.1, and the trailing PE (9) says =
that there is little interest in pricing it at a premium. This is also =
reflected in the RS of 72, below CANSLIM standards.=20

        It does have good earnings forecasts, but would not interest me.

        Tom Worley
        stkguru@netside.net
        AIM: TexWorley
          ----- Original Message -----=20
          From: Matt & Alicia Leverette=20
          To: canslim@lists.xmission.com=20
          Sent: Sunday, December 30, 2001 3:59 PM
          Subject: [CANSLIM] MFA


          I would like to get some thoughts on this stock.  America =
First Mortgage Investments, Inc., is a REIT and is in the business of =
investing in mortgage-backed securities and mortgages.

          It appears to me using IBD Chart that there is a C&H formation =
beginning on around the first of October.  It looks like a handle is now =
forming.=20

          I will appreciate any thoughts.

          Thanks,

          Matt Leverette =20

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<DIV><FONT face=3DArial>It's a Virtual Reality fund, everything real =
except the=20
money. Has taught me a lot, and still learning, about the difficulties =
of=20
managing a small cap fund, and having to stay invested when you would =
much=20
prefer to be sitting in cash (like during August and September, right =
after I=20
started the fund).</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dmalever@bellsouth.net =
href=3D"mailto:malever@bellsouth.net">Matt &amp;=20
  Alicia Leverette</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December 30, 2001 =
9:35=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
MFA</DIV>
  <DIV><BR></DIV>
  <DIV><FONT size=3D2>Yes, I understand.&nbsp; But it has helped me on =
several=20
  occasions.</FONT></DIV>
  <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT size=3D2>By the way, I was wondering what is your VR=20
  fund?</FONT></DIV>
  <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT size=3D2>Matt Leverette</FONT></DIV>
  <BLOCKQUOTE dir=3Dltr=20
  style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV=20
    style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
    <A title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
    Worley</A> </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December 30, =
2001 7:59=20
    PM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
MFA</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=3DArial>Thanks, glad it's of use. Just keep in mind =
that it's=20
    only my "watchlist" for purposes of helping this group with some CS =
type=20
    stocks. For my own purposes, most will not meet my small cap, low =
priced=20
    standards.</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV>Tom Worley<BR><A=20
    href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
    TexWorley</DIV>
    <BLOCKQUOTE dir=3Dltr=20
    style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
      <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
      <DIV=20
      style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
      <A title=3Dmalever@bellsouth.net =
href=3D"mailto:malever@bellsouth.net">Matt=20
      &amp; Alicia Leverette</A> </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
      title=3Dcanslim@lists.xmission.com=20
      =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
      </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December 30, =
2001 8:51=20
      PM</DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
MFA</DIV>
      <DIV><BR></DIV>
      <DIV><FONT size=3D2>Thanks for your comments.&nbsp; I am always =
looking for=20
      a good low priced stock, but I was concerned about this being a =
mortgage=20
      backed REIT.&nbsp; </FONT></DIV>
      <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
      <DIV><FONT size=3D2>I think that I will keep looking.&nbsp; By the =
way I=20
      appreciate your weekend review.&nbsp; I don't have a lot of time =
to do=20
      research so I often use your watchlist to narrow my =
search.</FONT></DIV>
      <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
      <DIV><FONT size=3D2>Thanks again,</FONT></DIV>
      <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
      <DIV><FONT size=3D2>Matt</FONT></DIV>
      <BLOCKQUOTE dir=3Dltr=20
      style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
        <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
        <DIV=20
        style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
        <A title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
        Worley</A> </DIV>
        <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
        title=3Dcanslim@lists.xmission.com=20
        =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
        </DIV>
        <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December =
30, 2001=20
        7:43 PM</DIV>
        <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
MFA</DIV>
        <DIV><BR></DIV>
        <DIV><FONT face=3DArial>Hi Matt,</FONT></DIV>
        <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
        <DIV><FONT face=3DArial>I got burned a number of years ago on a =
mortgage=20
        backed REIT, and learned my lesson. As a result, I won't =
consider them=20
        for growth oriented investment. I see that MFA currently has a =
yield of=20
        12.7%, no doubt in my mind that is what is driving it. But with =
rates=20
        about as low as they are likely to get, and even more likely to =
start up=20
        in the future, even the fact that this company's mortgages are=20
        adjustables means that it will not keep up with rising=20
        rates.</FONT></DIV>
        <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
        <DIV><FONT face=3DArial>I would aqree that it appears to be =
forming a=20
        c&amp;h, but the handle is high, up/down ratio is only 1.1, and =
the=20
        trailing PE (9) says that there is little interest in pricing it =
at a=20
        premium. This is also reflected in the RS of 72, below CANSLIM=20
        standards. </FONT></DIV>
        <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
        <DIV><FONT face=3DArial>It does have good earnings forecasts, =
but would=20
        not interest me.</FONT></DIV>
        <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
        <DIV>Tom Worley<BR><A=20
        =
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
        TexWorley</DIV>
        <BLOCKQUOTE dir=3Dltr=20
        style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
          <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
          <DIV=20
          style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
          <A title=3Dmalever@bellsouth.net=20
          href=3D"mailto:malever@bellsouth.net">Matt &amp; Alicia =
Leverette</A>=20
          </DIV>
          <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
          title=3Dcanslim@lists.xmission.com=20
          =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
          </DIV>
          <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December =
30, 2001=20
          3:59 PM</DIV>
          <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
MFA</DIV>
          <DIV><BR></DIV>
          <DIV><FONT size=3D2>I would like to get some thoughts on this=20
          stock.&nbsp; America First Mortgage Investments, Inc., =
is&nbsp;a REIT=20
          and&nbsp;is in the business of investing in mortgage-backed =
securities=20
          and mortgages.</FONT></DIV>
          <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
          <DIV><FONT size=3D2>It appears to me using IBD Chart that =
there is a=20
          C&amp;H formation beginning on around the first of =
October.&nbsp; It=20
          looks like a handle is now forming.&nbsp;</FONT></DIV>
          <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
          <DIV><FONT size=3D2>I will appreciate any =
thoughts.</FONT></DIV>
          <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
          <DIV><FONT size=3D2>Thanks,</FONT></DIV>
          <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
          <DIV><FONT size=3D2>Matt Leverette&nbsp;=20
      =
</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQ=
UOTE></BODY></HTML>

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