Go to Jeff Salisbury LWGate Home Page.From: "Bert Pesak" <bpesak@ct1.nai.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 26 Jan 2002 14:55:45 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0012_01C1A679.88984A20 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0013_01C1A679.889ABB20" - ------=_NextPart_001_0013_01C1A679.889ABB20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hello All, I'm a new guy. =20 I have developed an interest in the Canslim process, as all the other = stock picking ideas I've tried haven't given me the results I've hoped = for. One thing I notice when reading the posts is you must spend a lot of = time doing your research. It appears to be a full time job.=20 The work that Tom Worley put in The Weekend Weeview must have taken many = hours of work. I would not mind putting in up to 2 hours a day, any more that would = interfere with my other projects. Is that enough time to find stocks = that will give me positive results. I've also noticed some very detailed posts as to the shape of various = graphs and the significance of the cup / handle / bottom, etc. Is that = kind of detail necessary or is it just fine tuning of the research? Any comments will help me make a decision whether to continue or begin = to look at Funds as an alternative to picking individual stocks. Are = there any funds that use the Canslim process? Thanks for your help. Bert Pesak bpesak@ct1.nai.net =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, January 26, 2002 9:23 AM Subject: [CANSLIM] Worley's Weekend Weeview LEAVE IT TO THE JAPANESE A Japanese toymaker (Takara Co. Ltd.) intends to begin building = electric cars. Not toys, real cars, that can be driven on the highway. = They also make karaoke systems, robots that open beer cans, and remote = operated cars for young adults. - -------------------------------------------------------------------------= - ----- LEADING INDICATORS Latest report (for Dec) shows 8 of the 10 components rising, overall = rate up 1.2%. This is the third monthly improvement (largest since = 1996), and combined with the 0.8% gain in Nov, is the largest two month = gain since 1992. Best indication from this is no Fed rate cut Jan 30. = Since expectation of another 25 basis point cut is already priced into = the market, this could be bad, but likely more than offset by an upbeat = Greenspan. Mr. Greenspan address to Congress on Thursday did clarify, as = some rumors suggest his words on Jan 11 were taken as more bearish and = concerned about the economy than he intended. The coincident indicators, = BTW, which measure current economic activity, reversed to the positive = in December, up 0.1% after a drop of 0.3% in November. Still, I am now = expecting the Q4 GDP will end up being a negative number, confirming = that we had (note the past tense) a recession.=20 - -------------------------------------------------------------------------= - ----- UNEMPLOYMENT While expectations continue that the overall rate will rise to 6% or = higher, it is worth noting that new claims continue to fall, and this = week once again were below expectations. The 4 week average, a more = reliable indicator, also dipped nearly to 400,000, and continuing claims = dropped by 50,000.=20 - -------------------------------------------------------------------------= - ----- UPCOMING INFLUENCES This week is full of some major economic reports, plus the meeting of = FOMC on Tue/Wed. Monday we get new home sales (industry remains very = strong, saw a lot of good looking stocks today), Tuesday is Consumer = Confidence and Durable Goods reports, Wednesday we get the first reading = on the GDP for Q4, Thursday we get the Personal Income and Spending = Report, and Friday we get the Employment Report for January. - -------------------------------------------------------------------------= - ----- WORLEY'S WATCHLIST WANNABEES Although the markets didn't seem to do much this week, the population = of stocks I am reviewing this week is growing. New highs continue to = substantially exceed new lows, and up/down volume seemed to be higher as = well. As always, Bx is my shorthand for a flat line "B"ase of "x" weeks = duration, IMO. Any larger basing pattern I see, such as a cup & handle, = double bottom, LLUR, etc., I will state. BBY - c&h, handle 5+ weeks on declining volume BVN - c&h, handle 2 weeks, vol still high, Peruvian firm CEDC - LLUR CRFT - B6 DKWD - volatile LLUR DLX - amazingly smooth LLUR even tho forecasts not great ELTE - didn't quite break the pivot on Friday on 2X ADV EME - nice double bottom, low forecasts, handle trending slightly up = on low volume, 5 weeks EUNI - what a wild ride, can't read the chart, strong forecasts, low = price FCN - LLUR, broke out to the high side of range on volume FHRX - former LLUR that broke pattern to downside, may now be c&h = w/rough 5 week handle FMAR - high handle to the cup, low price and volume FRED - LLUR GFF - LLUR HCBK - smooth ascent, not sure how to read it but strong earnings = forecast and 3 div increases in 3 qtrs HOV - nice 5 week high handle on a smooth cup, low forecast and latest = qtr down slightly HTRN - high handle on nice cup, good forecast IART - high side of trading range, volume dropping, strong forecast MDCI - B4, well under high but good forecast NLY - B4 PENN - high handle forming? PETM - nice LLUR PFGC - c&h, started b/o Friday, nearly 2X ADV but not past pivot of = 36.35 POSS - B4 RGIS - B4 RYAN - LLUR SCVL - c&h, high handle 3 weeks STSA - c&h, new handle, selling vol above avg but price holding TASR - B2, EPS only 55 but earnings forecast 227% URBN - B5 WSH - tight B9 despite doing a secondary offering soon after the IPO WTSLA - B2 Happy Hunting, Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_001_0013_01C1A679.889ABB20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2712.300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT size=3D2>Hello All,</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>I'm a new guy. </FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>I have developed an interest in the Canslim process, = as all=20 the other stock picking ideas I've tried haven't given me the results = I've hoped=20 for.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>One thing I notice when reading the posts is you = must spend a=20 lot of time doing your research. It appears to be a full time job. = </FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>The work that Tom Worley put in The Weekend Weeview = must have=20 taken many hours of work.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>I would not mind putting in up to 2 hours a day, any = more that=20 would interfere with my other projects. Is that enough time to = find stocks=20 that will give me positive results.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>I've also noticed some very detailed posts as to the = shape of=20 various graphs and the significance of the cup / handle / bottom, = etc. Is=20 that kind of detail necessary or is it just fine tuning of the=20 research?</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Any comments will help me make a decision whether to = continue=20 or begin to look at Funds as an alternative to picking individual = stocks. =20 Are there any funds that use the Canslim process?</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Thanks for your help.</FONT></DIV> <DIV><FONT size=3D2>Bert Pesak</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2><A=20 href=3D"mailto:bpesak@ct1.nai.net">bpesak@ct1.nai.net</A></FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV> </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 = Worley</A>=20 </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> Saturday, January 26, = 2002 9:23=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Worley's = Weekend=20 Weeview</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial><STRONG>LEAVE IT TO THE = JAPANESE</STRONG></FONT></DIV> <DIV><FONT face=3DArial>A Japanese toymaker (Takara Co. Ltd.) intends = to begin=20 building electric cars. Not toys, real cars, that can be driven on the = highway. They also make karaoke systems, robots that open beer cans, = and=20 remote operated cars for young adults.</DIV> <DIV> <HR> </DIV> <DIV><STRONG>LEADING INDICATORS</STRONG></DIV> <DIV>Latest report (for Dec) shows 8 of the 10 components rising, = overall rate=20 up 1.2%. This is the third monthly improvement (largest since 1996), = and=20 combined with the 0.8% gain in Nov, is the largest two month gain = since 1992.=20 Best indication from this is no Fed rate cut Jan 30. Since expectation = of=20 another 25 basis point cut is already priced into the market, this = could be=20 bad, but likely more than offset by an upbeat Greenspan. Mr. Greenspan = address=20 to Congress on Thursday did clarify, as some rumors suggest his=20 words on Jan 11 were taken as more bearish and concerned = about the=20 economy than he intended. The coincident indicators, BTW, which = measure=20 current economic activity, reversed to the positive in December, up = 0.1% after=20 a drop of 0.3% in November. Still, I am now expecting the Q4 GDP will = end up=20 being a negative number, confirming that we had (note the past tense) = a=20 recession.=20 <HR> </DIV> <DIV><STRONG>UNEMPLOYMENT</STRONG></DIV> <DIV>While expectations continue that the overall rate will rise to 6% = or=20 higher, it is worth noting that new claims continue to fall, and this = week=20 once again were below expectations. The 4 week average, a more = reliable=20 indicator, also dipped nearly to 400,000, and continuing claims = dropped by=20 50,000. </DIV> <DIV> <HR> </DIV> <DIV><STRONG>UPCOMING INFLUENCES</STRONG></DIV> <DIV>This week is full of some major economic reports, plus the = meeting of=20 FOMC on Tue/Wed. Monday we get new home sales (industry remains very = strong,=20 saw a lot of good looking stocks today), Tuesday is Consumer = Confidence and=20 Durable Goods reports, Wednesday we get the first reading on the GDP = for Q4,=20 Thursday we get the Personal Income and Spending Report, and Friday we = get the=20 Employment Report for January.</DIV> <DIV> <HR> </DIV> <DIV><STRONG>WORLEY'S WATCHLIST WANNABEES</STRONG></DIV> <DIV>Although the markets didn't seem to do much this week, the = population of=20 stocks I am reviewing this week is growing. New highs continue to=20 substantially exceed new lows, and up/down volume seemed to be higher = as=20 well.</DIV> <DIV> </DIV> <DIV>As always, Bx is my shorthand for a flat line "B"ase of "x" weeks = duration, IMO. Any larger basing pattern I see, such as a cup & = handle,=20 double bottom, LLUR, etc., I will state.</DIV> <DIV> </DIV> <DIV>BBY - c&h, handle 5+ weeks on declining volume</DIV> <DIV>BVN - c&h, handle 2 weeks, vol still high, Peruvian = firm</DIV> <DIV>CEDC - LLUR</DIV> <DIV>CRFT - B6</DIV> <DIV>DKWD - volatile LLUR</DIV> <DIV>DLX - amazingly smooth LLUR even tho forecasts not great</DIV> <DIV>ELTE - didn't quite break the pivot on Friday on 2X ADV</DIV> <DIV>EME - nice double bottom, low forecasts, handle trending slightly = up on=20 low volume, 5 weeks</DIV> <DIV>EUNI - what a wild ride, can't read the chart, strong forecasts, = low=20 price</DIV> <DIV>FCN - LLUR, broke out to the high side of range on volume</DIV> <DIV>FHRX - former LLUR that broke pattern to downside, may now be = c&h=20 w/rough 5 week handle</DIV> <DIV>FMAR - high handle to the cup, low price and volume</DIV> <DIV>FRED - LLUR</DIV> <DIV>GFF - LLUR</DIV> <DIV>HCBK - smooth ascent, not sure how to read it but strong earnings = forecast and 3 div increases in 3 qtrs</DIV> <DIV>HOV - nice 5 week high handle on a smooth cup, low forecast and = latest=20 qtr down slightly</DIV> <DIV>HTRN - high handle on nice cup, good forecast</DIV> <DIV>IART - high side of trading range, volume dropping, strong = forecast</DIV> <DIV>MDCI - B4, well under high but good forecast</DIV> <DIV>NLY - B4</DIV> <DIV>PENN - high handle forming?</DIV> <DIV>PETM - nice LLUR</DIV> <DIV>PFGC - c&h, started b/o Friday, nearly 2X ADV but not past = pivot of=20 36.35</DIV> <DIV>POSS - B4</DIV> <DIV>RGIS - B4</DIV> <DIV>RYAN - LLUR</DIV> <DIV>SCVL - c&h, high handle 3 weeks</DIV> <DIV>STSA - c&h, new handle, selling vol above avg but price = holding</DIV> <DIV>TASR - B2, EPS only 55 but earnings forecast 227%</DIV> <DIV>URBN - B5</DIV> <DIV>WSH - tight B9 despite doing a secondary offering soon after the=20 IPO</DIV> <DIV>WTSLA - B2</DIV> <DIV> </DIV> <DIV>Happy Hunting,</DIV> <DIV> </DIV> <DIV><IMG alt=3D"" hspace=3D0 = src=3D"cid:001101c1a6a3$716be120$0100a8c0@BERTPESAK"=20 align=3Dbaseline border=3D0></DIV></FONT> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_001_0013_01C1A679.889ABB20-- - ------=_NextPart_000_0012_01C1A679.88984A20 Content-Type: image/gif; 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