Re: UOPX (was: [CANSLIM] VectorVest fundies)

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: UOPX (was: [CANSLIM] VectorVest fundies)
Date: Sun, 10 Mar 2002 23:01:12 -0600
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Hi Patrick,

Three essential reasons:

(1) APOL, the parent, owns the lion's share of outstanding shares. As =
goes APOL, so goes UOPX. APOL made a feeble attempt at breaking out of a =
cup with no handle 2/26. Immediately tailed down the following day. No =
valid handle to go with the rest of the cup, so APOL's breakout on 3/4 =
was bogus in my mind. UOPX gapped and staged an attempted B/O on the =
same day, but given APOL's lousy chart, I put the odds of UOPX's B/O =
succeeding at very low.

(2) At the time I saw UOPX setting up, its forward PE (not trailing) =
based on EPS estimates and growth rate had it at 2 times the industry =
average. In a market where value has been steadily outperforming growth, =
I know that no stock that is so significantly overpriced by comparison =
has a chance of going anywhere.

(3) The rest of the stocks in the industry are also setting up, so the =
industry is strong. I would rather choose another stock in the same =
industry with a better "story", technicals and valuation as a result.

Katherine
  ----- Original Message -----=20
  From: Patrick Wahl=20
  To: canslim@lists.xmission.com=20
  Sent: Sunday, March 10, 2002 1:05 PM
  Subject: Re: [CANSLIM] VectorVest fundies


  If you don't mind one more question, just briefly why did you say a =
day or two ago=20
  that you thought UOPX was not a suitable Canslim buy candidate?

  My limited examination of the fundamentals didn't turn up any obvious =
problems,=20
  and technically I thought it looked ok.  As I mentioned last week, I =
had questions=20
  about its longer term potential, but short term could not see anything =
wrong.

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<DIV>Hi Patrick,</DIV>
<DIV>&nbsp;</DIV>
<DIV>Three essential reasons:</DIV>
<DIV>&nbsp;</DIV>
<DIV>(1) APOL, the parent, owns the lion's share of outstanding shares. =
As goes=20
APOL, so goes UOPX. APOL made a feeble attempt at breaking out of a cup =
with no=20
handle 2/26. Immediately tailed down the following day. No valid handle =
to go=20
with the rest of the cup, so APOL's breakout on 3/4 was&nbsp;bogus in my =
mind.=20
UOPX gapped and staged an attempted B/O on the same day, but given =
APOL's lousy=20
chart, I put the odds of UOPX's B/O succeeding at very low.</DIV>
<DIV>&nbsp;</DIV>
<DIV>(2) At the time I saw UOPX setting up, its forward PE (not =
trailing) based=20
on EPS estimates and growth rate had it at 2 times the industry average. =
In a=20
market where value has been steadily outperforming growth, I know that =
no stock=20
that is so significantly overpriced by comparison has a chance of going=20
anywhere.</DIV>
<DIV>&nbsp;</DIV>
<DIV>(3) The rest of the stocks in the industry are also setting up, so =
the=20
industry is strong. I would rather choose another stock in the same =
industry=20
with a better "story", technicals and valuation as a result.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=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=3Dpjwahl@attbi.com href=3D"mailto:pjwahl@attbi.com">Patrick =
Wahl</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> Sunday, March 10, 2002 =
1:05=20
PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
VectorVest=20
  fundies</DIV>
  <DIV><BR><BR>If you don't mind one more question, just briefly why did =
you say=20
  a day or two ago <BR>that you thought UOPX was not a suitable Canslim =
buy=20
  candidate?<BR><BR>My limited examination of the fundamentals didn't =
turn up=20
  any obvious problems, <BR>and technically I thought it looked =
ok.&nbsp; As I=20
  mentioned last week, I had questions <BR>about its longer term =
potential, but=20
  short term could not see anything =
wrong.</DIV></BLOCKQUOTE></BODY></HTML>

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