Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 9 Feb 2002 07:12:08 -0500
Previous Article (by Author): Re: [CANSLIM] Off topic - Japan "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_003D_01C1B139.162AA3F0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_003E_01C1B139.162AA3F0" - ------=_NextPart_001_003E_01C1B139.162AA3F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable JAPAN This country just can't stay out of the news, and its usually bad. Last = Friday, the Nikkei closed numerically below the DOW 30, and fell further = to 9631 on Monday. Last time it was below the DOW?? August 6, 1957, just = about when I first started investing. Its now down over 75% from its = high of 38,915 in the late '80s. No surprise, its banking industry = continues to lead the slide as the govt watchdog reports that the volume = and percentage of bad loans increased another 9% or so in past six = months, despite massive write offs. The Financial Services Agency now = says banks have $276 billion in bad loans, but many think this number is = still too conservative and understated (I keep hearing one trillion as = more realistic). Tuesday saw 7 of its biggest banks get a ratings = downgrade by Standard & Poors, and Moody's put 7 life insurer companies = on credit watch for a possible downgrade, as the Nikkei fell again, this = time to 9475, a new 18+ YEAR low. Anybody know where the DOW was 18 = years ago? NASDAQ didn't even exist then, I think. - -------------------------------------------------------------------------= - ------- MORE ACCOUNTING SHENANIGANS? Tyco admits that it spent over $8 billion in the past three years on = about 700 acquisitions it never announced. Says their size made the news = "immaterial" given the size of Tyco.=20 Ernst & Young announces it will no longer sell info technology services = to companies it audits. It also will stop serving as both internal = accountant and external auditor to the same firm. This leaves Deloitte & = Touche as the only "Big 5" (which probably should be the "big 4 1/2 = now") which still does both consulting and auditing at the same company, = although they did announce on Tuesday that they will "separate" their = auditing and consulting business. - -------------------------------------------------------------------------= - ------- EARNINGS About 70% of the S&P500 companies have reported. Average earnings = decline is nearly 24% compared to 2000. Yet, of the 343 actual reports, = 197 beat expectations, while 92 met expectations. Analysts expect a = further 8% decline in earnings for the Q1, but a growth of 17% in = earnings for all of 2002.=20 - -------------------------------------------------------------------------= - ------- WORLEY'S WATCHLIST WANNABES Bx means a flat line "B"ase of "x" weeks, IMO. Any other formations such = as a c&h, double bottom, LLUR, etc I will mention. The population of stocks I am reviewing this weekend has increased = slightly despite a poor "M" BMS - B2, weak growth BYD - nice b/o Friday from a B2 on 4X ADV, extended CBMD - B5, weak growth CUNO - B2 DCOM - c&h, handle 4 weeks DKWD - LLUR DLX - just motoring on its beautiful LLUR route despite low growth ELTE - B2, in my VR fund EPIQ - 8 week consolidation, I own & have in VR fund EV - B2 FCEA - B8, weak growth for new year FMAR - B5 GFF - LLUR GOSHA - B4, low growth HOV - B6 ICBC - B2, stealth b/o Friday INDB - B6 ISLE - b3, in my VR fund LOGI - B2 MBFI - B5 MFA - B4-, big volume Friday (churning?) PDCO - LLUR PETM - LLUR PORT - B4 RDN - B4 RMCI - building the handle on a double bottom cup?, I own & have in VR = fund SWTX - staircase TASR - B4, EPS only 55 TLK - c&h, low priced URBN - B7 URS - B4 Happy hunting, Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_001_003E_01C1B139.162AA3F0 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 face=3DArial><STRONG>JAPAN</STRONG></FONT></DIV> <DIV><FONT face=3DArial>This country just can't stay out of the news, = and its=20 usually bad. Last Friday, the Nikkei closed numerically below the DOW = 30, and=20 fell further to 9631 on Monday. Last time it was below the DOW?? August = 6, 1957,=20 just about when I first started investing. Its now down over 75% from = its high=20 of 38,915 in the late '80s. No surprise, its banking industry continues = to lead=20 the slide as the govt watchdog reports that the volume and percentage of = bad=20 loans increased another 9% or so in past six months, despite massive = write offs.=20 The Financial Services Agency now says banks have $276 billion in bad = loans, but=20 many think this number is still too conservative and understated (I keep = hearing=20 one trillion as more realistic). Tuesday saw 7 of its biggest banks get = a=20 ratings downgrade by Standard & Poors, and Moody's put 7 life = insurer=20 companies on credit watch for a possible downgrade, as the Nikkei = fell=20 again, this time to 9475, a new 18+ YEAR low. Anybody know where the DOW = was 18=20 years ago? NASDAQ didn't even exist then, I think.</DIV> <DIV> <HR> </DIV> <DIV><STRONG>MORE ACCOUNTING SHENANIGANS?</STRONG></DIV> <DIV>Tyco admits that it spent over $8 billion in the past three years = on about=20 700 acquisitions it never announced. Says their size made the news = "immaterial"=20 given the size of Tyco. </DIV> <DIV> </DIV> <DIV>Ernst & Young announces it will no longer sell info technology = services=20 to companies it audits. It also will stop serving as both internal = accountant=20 and external auditor to the same firm. This leaves Deloitte & Touche = as the=20 only "Big 5" (which probably should be the "big 4 1/2 now") which still = does=20 both consulting and auditing at the same company, although they did = announce on=20 Tuesday that they will "separate" their auditing and consulting = business.</DIV> <DIV> <HR> </DIV> <DIV><STRONG>EARNINGS</STRONG></DIV> <DIV>About 70% of the S&P500 companies have reported. Average = earnings=20 decline is nearly 24% compared to 2000. Yet, of the 343 actual reports, = 197 beat=20 expectations, while 92 met expectations. Analysts expect a further 8% = decline in=20 earnings for the Q1, but a growth of 17% in earnings for all of 2002.=20 <HR> </DIV> <DIV><STRONG>WORLEY'S WATCHLIST WANNABES</STRONG></DIV> <DIV>Bx means a flat line "B"ase of "x" weeks, IMO. Any other formations = such as=20 a c&h, double bottom, LLUR, etc I will mention.</DIV> <DIV> </DIV> <DIV>The population of stocks I am reviewing this weekend has increased = slightly=20 despite a poor "M"</DIV> <DIV> </DIV></FONT> <DIV><FONT face=3DArial>BMS - B2, weak growth</FONT></DIV> <DIV><FONT face=3DArial>BYD - nice b/o Friday from a B2 on 4X ADV,=20 extended</FONT></DIV> <DIV><FONT face=3DArial>CBMD - B5, weak growth</FONT></DIV> <DIV><FONT face=3DArial>CUNO - B2</FONT></DIV> <DIV><FONT face=3DArial>DCOM - c&h, handle 4 weeks</FONT></DIV> <DIV><FONT face=3DArial>DKWD - LLUR</FONT></DIV> <DIV><FONT face=3DArial>DLX - just motoring on its beautiful LLUR route = despite=20 low growth</FONT></DIV> <DIV><FONT face=3DArial>ELTE - B2, in my VR fund</FONT></DIV> <DIV><FONT face=3DArial>EPIQ - 8 week consolidation, I own & have in = VR=20 fund</FONT></DIV> <DIV><FONT face=3DArial>EV - B2</FONT></DIV> <DIV><FONT face=3DArial>FCEA - B8, weak growth for new year</FONT></DIV> <DIV><FONT face=3DArial>FMAR - B5</FONT></DIV> <DIV><FONT face=3DArial>GFF - LLUR</FONT></DIV> <DIV><FONT face=3DArial>GOSHA - B4, low growth</FONT></DIV> <DIV><FONT face=3DArial>HOV - B6</FONT></DIV> <DIV><FONT face=3DArial>ICBC - B2, stealth b/o Friday</FONT></DIV> <DIV><FONT face=3DArial>INDB - B6</FONT></DIV> <DIV><FONT face=3DArial>ISLE - b3, in my VR fund</FONT></DIV> <DIV><FONT face=3DArial>LOGI - B2</FONT></DIV> <DIV><FONT face=3DArial>MBFI - B5</FONT></DIV> <DIV><FONT face=3DArial>MFA - B4-, big volume Friday = (churning?)</FONT></DIV> <DIV><FONT face=3DArial>PDCO - LLUR</FONT></DIV> <DIV><FONT face=3DArial>PETM - LLUR</FONT></DIV> <DIV><FONT face=3DArial>PORT - B4</FONT></DIV> <DIV><FONT face=3DArial>RDN - B4</FONT></DIV> <DIV><FONT face=3DArial>RMCI - building the handle on a double bottom = cup?, I own=20 & have in VR fund</FONT></DIV> <DIV><FONT face=3DArial>SWTX - staircase</FONT></DIV> <DIV><FONT face=3DArial>TASR - B4, EPS only 55</FONT></DIV> <DIV><FONT face=3DArial>TLK - c&h, low priced</FONT></DIV> <DIV><FONT face=3DArial>URBN - B7</FONT></DIV> <DIV><FONT face=3DArial>URS - B4</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Happy hunting,</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial><IMG alt=3D"" hspace=3D0=20 src=3D"cid:003c01c1b162$ff00abf0$07a08fd0@D73PS211" align=3Dbaseline=20 border=3D0></FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley</FONT></DIV></BODY></HTML> - ------=_NextPart_001_003E_01C1B139.162AA3F0-- - ------=_NextPart_000_003D_01C1B139.162AA3F0 Content-Type: image/gif; name="USflag.gif" Content-Transfer-Encoding: base64 Content-ID: <003c01c1b162$ff00abf0$07a08fd0@D73PS211> R0lGODdhSwBLAPcAAP//////zP/M///MzP/Mmf+ZzP+Zmf+ZZv9mmf9mZsz//8z/zMzM/8zMzMzM mcyZzMyZmcyZZsxmmcxmZsxmM8xmAMwzmcwzZswzM8wzAMwAZswAM8wAAJnM/5nMzJnMmZmZzJmZ mZmZZplmmZlmZplmM5lmAJkzZpkzM5kzAJkAZpkAM5kAAGaZzGaZmWaZZmZmzGZmmWZmZmZmM2Zm AGYzZmYzM2YzAGYAM2YAADOZzDOZmTNmzDNmmTNmZjNmMzMzmTMzZjMzMzMzADMAZjMAMzMAAABm mQBmZgAzmQAzZgAzMwAAZgAAM7sAAKoAAIgAAHcAAFUAAEQAACIAABEAAAAiAAARAP///wAAVQAA RAAAIgAAEe7u7t3d3bu7u6qqqoiIiHd3d1VVVURERCIiIhEREQAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACH5BAAAAAAALAAAAABLAEsA QAj/ALEIHEiwoMGDCBMqXMhwyA0TJlIwnEixokUsD00MYbhkiZKPF0OKzDgkxsceH5Wg7JGkBcog HYN8TOLBC8skSXp0aXBkBZQoOXLgWIHigtELE5KSqEFmTIgGAKJK7ULVSwMZB0n2QKnEBc6tSmQG 8aGyJYicOEG0+BhkLJgGXaTKlepFjBkSEAroLfDgwYC/gL9gRUhyxQoWP3NEiQKFheHHjzdIZhFl CpUpUCCveML5SeQNLKZMYSFZMuTSPqdUyaGQpBgxIcB8mf3lAe0GuL1Q7fJlTBUpjjU/RoECg3EU Un47Lo3apxQjRqQ0NswiYUYjixcHzQ6lOwsWnKGo/xZJfuL18ujTF7yRwoQR9fDjy59fsYrDGzfo 62eoVWVKsjL1AIILRxzx0RJCeOTBTUokAUIDMSSxwgaHRSGFaDk0xhlklF04hRSKZZddDlJkBdEQ PpDlg0llscSiR0qE0MMRaTWQBI009eBDGLHpNldUO4VRBhlgxPWjXF2EQdiJWzGohA8yncQSjUe0 0AJOOQXRxBJBCDGhaaeh9tyXzJVpGhWtnbgCDttNJ9xnFEpBBXaafffdhhP6RAVwZqL2RGVV0LmC dSc+5YVVDdCm6BcN/NVACGQIIQYEBkBgKQR9MdroAA2AIYMZVORgGHObQfFcdNOV9sR7S7q336uE tf/HKqy01mrrrbgSVAV7EJmQX676kQTsfiThlFJYXKWUkwdKLLHFFlsSdKwSi3Vn4azBnnhSW1Km RCNKS2wZQoM5eXEWlknA1WkYYoQBxqFecJqopSTYgMNQZJK6AmsG9TcWWSqBsNURXCX4kU1Y9gDA uUkosZQNNhBn3MQYGGbqnFGQ1qdpUFRhokZckcWVC2E1e5ISNLog8I0trdWsYlB41udmUVBBRRRP 6JvvYR5/PERXKoEF5Vgl99DCty3TmGJHS6BwQlJJHSX1BShQYcOlWGcNgQQkpKnRblaBEcLYb+nW hQAC7FbVF2GMQYYMEGwqL26bxjtACGaM8AVgfPf/DQEZC5HUwAMhhMFj2WqrPZVgQsjwhZFgm20k AF3gHQLf8Ka99hhm2NA1oRoFJRRxpJceJgo2FFFGGF5Q3sWhdNMN2N9lFHkk5V6EMIYQTmkK+hBS MGZnd8R7Bx51yU2BAtRGlY6CZjhUIcS7P+7k6dtPTT6Yz28OR9wJSFGtGp8UPuaZZ9RdfFmIIqp3 3rD0vQ+/fPLPDx+v2NqfHnsp5K///wAMoAAHaJD7EFAku+qVrw54EYdAJAUbYaBFhCXBCZ6oghbU yLQ2qKyGKWELBySJy1LiAjCQTFkt8IISmlCGJpDLWOT6yJcOk4MpGOFD/KKftnrwBTAALCU8PMtH /3zQkY+sbGQtiNADrAKBetlLQ3WCQg1BlJnmbIYyPhvXsXwgG5RgKQQ+aEKCgoCWnNxkRkkIAQTY 1a63JO51nZLBGMRAvSO9Tkn90pYSYiC2aekEBM0SgsEi1KSWfAUlKwAKzIIDmSdIETpSWAHFzGQY /2HkRF9I1kdc0IArDXEMHnHBjAqklhnNyCU+GFsIvtC66nkBDGQogw2eBjUJ2FICWPtcHjX4kVWe sGElNFkYZtICD+CoSkJUQhGGUpypSQ11ZhjDEgUwALv1rQB/a9UQeqjJFHIlCGKYiQeuhJMjjNOD RGQmxdaJARREDzNk0gxqovA7IJrLgzEiIU+w5P8BYzYsBkRcghjgcjupNMBtXyioXLwAOG26oAvk /AgYWKSEL5AzJ11gWAxc0BEiZqZ7qMlBFaIQzzBJ5gkl+p3ZrNJDVTJKcm+MY1PC0ICVwutQavsC GQaaOJyqzQt4/B2YErkYk1JyBacSVfc+sy8qQEFnO4vCb7w2hMfgYDH4elOZ1mSEIthgAreEmljF eoK77K1vgNFLE8tQhhBQ9ZWF4xGmFjUbuQ3gCyQQQufA50ykjHUCNjBCvmaWAyr8BgpUVeQi7cTY 4+VJPFWYwgyXmieR1gCXWrtlvdgqg7L97jWxqSm8YufTqAC1DGN4lwBuetOfhoCtRelr83AAnQyt oe93bMrY8IgnTwpFwQihyhN17ISnChlWVOw8Dg6K4FW8YA23ziMOZBrjWPGYQQytdN3r4LWbR8Wy s3a9axNtUAavSmxilhQISWQzmweAgb11rSlVANAAu9CpfIZBn2Z+G9mM7YwFOQBudEJEPMv8brfF I96daGizKbBPsSICioFhRUGFgCgoFawfBgMHkfRueJce/jBBNCzirMiqxIE7MYqto+IVm7h/LiZI QAAAOw== - ------=_NextPart_000_003D_01C1B139.162AA3F0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Author): Re: [CANSLIM] Off topic - Japan "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]