Re: [CANSLIM] CRR

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] CRR
Date: Wed, 20 Mar 2002 21:13:20 -0700

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Earnings forecasts for next year are not very exciting, and I think this industry is 
hard to forecast anyway, being somewhat at the mercy of the whims of oil prices 
(that is, OPEC).   The chart is interesting, sort of a wavy stock, that is, looked at 
over a 2 year time frame definitely moves in a series of large wave patterns, looks 
to be at the top of a wave right now.  I guess it is also a C&H pattern, but that may 
not be as meaningful in this stock as in some of the other canslim stocks, since it 
has been in a trading range for several years, rather than this being a C&H that has 
formed after a sustained advance.

On 20 Mar 2002 at 16:13, Duke Miller wrote:

> My first request for a read on a stock.
> 
> CRR surfaced on my radar screen several weeks ago, but failed the Current
> Earnings test.  Today's earnings announcement, however, gives it a 50%
> increase, most recent quarter vs. year ago.  It also failed increasing in
> pre-tax profit margins, but that now is taken care of.
> 
> Today it's up slightly on +74% volume, and seems to be working nicely out of
> a handle.   The weakest link is RS at 56.  But...the group has gone from
> 176, 3 months ago,  to 40, last Friday, to 31 today.
> 
> Anybody got any input on this one?  Seldom find so much CANSLIM going for a
> stock...but the chart looks like a new ride at Busch Gardens!
> 
> Duke
> 
> 
> Duke Miller
> 941-778-2606 Fax 778-0670
> dukemill@tampabay.rr.com
> 
> Nobody will ever win the battle of the sexes. There's too much fraternizing
> with the enemy. - Henry Kissinger
> 
> 
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