RE: [CANSLIM] CRR

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] CRR
Date: Thu, 21 Mar 2002 08:41:35 -0500

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Thanks for the input.

Could it be the chart conforms to the frequency/outcome of OPEC meetings?
I'm passing.  Oil scares me.

Duke

> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl
> Sent: Wednesday, March 20, 2002 11:13 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] CRR
>
>
> 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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