Re: [CANSLIM] PENN

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] PENN
Date: Thu, 10 Jan 2002 08:20:45 -0500

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Hi Dave,

On the chart alone, I would view this as a high handle on a cup, with a
higher probability of failure. But I would cushion that view with the fact
that the group has been doing very well, and the better stocks in the group
are all hitting new 12 month highs. I would also note that this stock has 4
consecutive quarters of sequential growth in both earnings and sales.
Combine the nice gain in price from the lows of September, and the light
volume recently, and I think you are mostly seeing profit taking. Earnings
forecast remain strong for 2002.

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Dave" <davewoodbeck@mn.mediaone.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, January 10, 2002 7:24 AM
Subject: [CANSLIM] PENN


> How do you evaluate a chart like PENN.  I first entered this stock on
11/27
> when it appeared to be breaking out of a very short handle.  I was stopped
> out in about a week on 12/5.  Now it appears to be forming another handle.
> Do you still treat this type of formation as a c/h even though there
appears
> to be several small failed handles on the right side of the base?
>
> Thanks in advance for your input.
>
>
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