Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] CHBS ???
Date: Sun, 13 Jan 2002 16:10:17 EST
Next Article (by Subject): Re: [CANSLIM] market direction/EFTs "Ann"
Articles sorted by: [Date]
[Author]
[Subject]
Kavi:
I would just like to add to Tom's analysis.
WON says some stocks (approximately 40%) fail their BO, retrace and then
go on to new highs (eg. A base on a base, or a 2nd stage base, which reflects
weakness of the market), after shaking out the weak hands one more time. CHBS
has not gone below the BO point, and its retracement is on lower volume.
What it will do in the future I have no idea, but as Tom notes: Its
fundamentals are nice, including ROE which is a whopping 48%! The only bad I
see is that the RS line didn't top the previous RS point even though the
stock went up a couple points. The retracement now may be reflecting that
weakness. Overall, I would put it in my Watchlist. Thanks for pointing it
out.
Also, although belated, I want to add my congratulations to Tom. I
overlooked Smart Investor last Thursday, until someone in this group pointed
out that Tom had been profiled. From what I read it was a non-invidious
profile, at that. Again, Congrats, Tom. It's nice to put a picture with the
words. And-by the way-recognition for what you do for this Canslim forum has
been long overdue!
jans
In a message dated 1/13/2002 9:33:53 AM Eastern Standard Time,
stkguru@netside.net writes:
<< Hi Kavi, and welcome to the group. Many members here (lurkers and
contributors) are new to either or both of investing or CANSLIM, so feel at
home.
I note that earnings and sales growth are both consistent and strong, as are
the forecasts for both current year ending next month, and the following
year. Industry group also an "A". Chartwise, appears to me that the breakout
on 12/21 has failed, and the stock is declining to support around the sub
$30 level, if it can hold there.
I personally don't buy this industry groups, as I cannot keep up with
fashion trends. And that makes such a big difference in the various
Retail/Apparel groups (witness GPS as just one example).
CANSLIM elements right now appear very strong, future of the group or this
stock less certain in my mind. But with the apparent failed b/o, I would be
inclined to avoid it.
Tom Worley
stkguru@netside.ne >>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): Re: [CANSLIM] market direction/EFTs "Ann"
Articles sorted by: [Date]
[Author]
[Subject]