Re: [CANSLIM] Opinions on KKD?

From: Mhboatman@aol.com
Subject: Re: [CANSLIM] Opinions on KKD?
Date: Fri, 11 Jan 2002 14:22:13 EST

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John C.

First of all I am not a true CANSLIMer.  I I have been in the stock market as 
more of a hobby since we first purchased Sagamo Electric in about 1968.  Most 
of our money has come from real estate investments -- raw land for 
residential development and investments in apartments buildings.  In the past 
25 months I have been paying dues to the market gods to learn trading.  I 
have not passed the course yet much less graduated.  So my opinions are not 
necessarily consistent with other posts one finds on this site.

KKD and CANSLIM;

Others may feel KKD is a CANSLIM stock.  It is not for me mainly because of 
S.    When I am seeking a CANSLIM investment I generally seek stocks 
capitalized between 5 to 20 million shares.  When (or if) a stock seeks to 
breakout it will be because of demand relative to supply.  At 53 million 
shares outstanding (38 in float), it would take a substantial institutional 
effort to move the stock in a manner generally desired with CONSLIM.  Also 
look at the pattern.  I fail to see the desired clean, smoothly formed cup 
which makes me expect any handle formed would be suspect and subsequent 
breakout failure prone.  In fact, if a cup and handle forms and we see a 
quick run up in price I'll be out at the first sign of weakness.  I believe 
this stock will be a steady growe, maybe tending to became a saw-toothed LLUR 
in the months ahead.

You mentioned your concern for M at this time.  Well, in my opinion we are 
already in the very early stages of a new bull market that we expect will be 
generally up as the tech stocks start promising increased earnings.  I hope 
to be fully invested again before the end of the month.

Now this all worth what you are paying for it.  I can also share with you 
that I am correct about half the time -- my desire is to make more money on 
the stocks that go up in value than I loose in the picks that go down.

Good luck!

Howard


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