Go to Jeff Salisbury LWGate Home Page.From: "Mike Gibbons" <mike@proactech.com>
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 23 Mar 2002 22:32:38 -1000
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This is a multi-part message in MIME format. - ------=_NextPart_000_0067_01C1D2BA.A3414BC0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0068_01C1D2BA.A3414BC0" - ------=_NextPart_001_0068_01C1D2BA.A3414BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Tom, Totally agree with you on HP/CPQ merger. While management is focussing on the merger, IBM and DELL will eat their lunch. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, March 23, 2002 12:35 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Worley's Weekend Weeview FOMC The Feds met on Tuesday, and as expected shifted the bias from recession fighting to neutral. Nonetheless, there was still the 10% that hadn't got the word, or refused to believe the signs, and sold as if this news was a surprise. I have already seen considerable talk of the Feds beginning to raise rates as early as the May meeting, but so far see little evidence to support this. While rate hikes may happen before the end of 2002, I see no reason to believe they will start until after the June meeting, at the earliest. Now, if they shifted all the way to inflation fighting, THAT would have been a surprise. We're still recovering from a recession, the Feds won't upset the apple cart, at least not yet. - ---------------------------------------------------------------------------- - -- HWP / CPQ Gee, this is almost like a Presidential election in Florida. HP claims victory, will own Compaq, with a 0.5% victory margin. Walter Hewlett, leading the HP family's opposition to the merger, says a recount will turn victory into defeat for HP's management. Love those hanging chaffs, let's turn a boring merger vote into front page news, and keep it there for a few days, or even a few weeks. Of course, no one has yet figured out whether this "merger of giants" will actually allow them to: a) compete against IBM; b) achieve any synergy of customer base; c) achieve any production efficiency or cost savings; d) build a better product that can compete better in either the printer or PC box market. - ---------------------------------------------------------------------------- - -- TRADE DEFICIT Widened again, to $28.5 billion, up 15% from December. Year 2001 was the first annual decline in six years, but rising price of oil will likely weaken Q1 GDP. - ---------------------------------------------------------------------------- - -- ECONOMICS New housing starts jumped 2.8% in February, biggest gain in over three years and well above expectations. Single family home construction jumped 7.4%, biggest gain in over 23 years. Building permits also rose 1.8% and over expectations. CPI - Index rose 0.2% overall as expected, but the core rose 0.3%, slightly over expectations. NEW UNEMPLOYMENT CLAIMS - Fell to 371K from a revised 383K, expected was 375K. This continues to support the view that the economy is stronger, and recovering faster, that the Feds perceive, and could lead to rate hikes sooner rather than later. LEADING INDICATORS - Unchanged, expected was a rise of 0.1 - ---------------------------------------------------------------------------- - -- WORLEY'S WATCHLIST WANNABES Population of stocks under review this weekend somewhat reduced. As always, a "Bx" means a flat line "B"ase of "x" weeks duration, IMO. I will mention other specific formations, such as c&h, double bottom and LLUR. AAON - stealth (low vol) b/o from B3 ACDO - 7 week consolidation base, huge earnings growth and 5 year rate ACS - decent c&h for a former LLUR AVD - LLUR, may be breaking its pattern upward DCOM - LLUR DLX - LLUR FRED - volatile LLUR FRS - B4 NWRE - B2, low priced micro cap ODP - B5+ PENN - B4 PETM - LLUR PSTI - B3, in my VR Fund SYPR - 10 week consolidation, in my VR Fund TASR - volatile 10 week consolidation base, in my VR Fund Happy Hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_001_0068_01C1D2BA.A3414BC0 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 content=3D"text/html; charset=3Diso-8859-1" = http-equiv=3DContent-Type> <META content=3D"MSHTML 5.00.2614.3500" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D360163008-24032002>Tom,</SPAN></FONT></DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D360163008-24032002></SPAN></FONT> </DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D360163008-24032002>Totally agree with you on HP/CPQ merger. = While=20 management is focussing on the merger, IBM and DELL will eat their=20 lunch.</SPAN></FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>Aloha,</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Mike Gibbons<BR>Proactive Technologies, = LLC</FONT></DIV> <DIV><FONT face=3DArial size=3D2><A=20 href=3D"http://www.proactech.com/">http://www.proactech.com</A></FONT></D= IV> <BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px"> <DIV align=3Dleft class=3DOutlookMessageHeader dir=3Dltr><FONT = face=3DTahoma=20 size=3D2>-----Original Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Tom=20 Worley<BR><B>Sent:</B> Saturday, March 23, 2002 12:35 PM<BR><B>To:</B> = canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Worley's = Weekend=20 Weeview<BR><BR></DIV></FONT> <DIV><FONT face=3DArial><STRONG>FOMC</STRONG></FONT></DIV> <DIV><FONT face=3DArial>The Feds met on Tuesday, and as expected = shifted the=20 bias from recession fighting to neutral. Nonetheless, there was still = the 10%=20 that hadn't got the word, or refused to believe the signs, and sold as = if this=20 news was a surprise. I have already seen considerable talk of the Feds = beginning to raise rates as early as the May meeting, but so far see = little=20 evidence to support this. While rate hikes may happen before the end = of 2002,=20 I see no reason to believe they will start until after the June = meeting, at=20 the earliest. Now, if they shifted all the way to inflation = fighting,=20 THAT would have been a surprise. We're still recovering from a = recession, the=20 Feds won't upset the apple cart, at least not yet.</FONT>=20 <HR> </DIV> <DIV><FONT face=3DArial><STRONG>HWP / CPQ</STRONG></FONT></DIV> <DIV><FONT face=3DArial>Gee, this is almost like a Presidential = election in=20 Florida. HP claims victory, will own Compaq, with a 0.5% victory = margin.=20 Walter Hewlett, leading the HP family's opposition to the merger, says = a=20 recount will turn victory into defeat for HP's management. Love those = hanging=20 chaffs, let's turn a boring merger vote into front page news, and keep = it=20 there for a few days, or even a few weeks. Of course, no one has yet = figured=20 out whether this "merger of giants" will actually allow them to: a) = compete=20 against IBM; b) achieve any synergy of customer base; c) achieve any=20 production efficiency or cost savings; d) build a better product that = can=20 compete better in either the printer or PC box market.</DIV> <DIV> <HR> </DIV> <DIV><STRONG>TRADE DEFICIT</STRONG></DIV> <DIV>Widened again, to $28.5 billion, up 15% from December. Year 2001 = was the=20 first annual decline in six years, but rising price of oil will likely = weaken=20 Q1 GDP.=20 <HR> </DIV></FONT> <DIV><FONT face=3DArial><STRONG>ECONOMICS</STRONG></FONT></DIV> <DIV><FONT face=3DArial>New housing starts jumped 2.8% in February, = biggest gain=20 in over three years and well above expectations. Single family home=20 construction jumped 7.4%, biggest gain in over 23 years. Building = permits also=20 rose 1.8% and over expectations. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial><STRONG>CPI </STRONG>- </FONT><FONT = face=3DArial>Index=20 rose 0.2% overall as expected, but the core rose 0.3%, slightly over=20 expectations.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial><STRONG>NEW UNEMPLOYMENT CLAIMS - = </STRONG></FONT><FONT=20 face=3DArial>Fell to 371K from a revised 383K, expected was 375K. This = continues=20 to support the view that the economy is stronger, and recovering = faster, that=20 the Feds perceive, and could lead to rate hikes sooner rather than=20 later.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial><STRONG>LEADING INDICATORS - = </STRONG></FONT><FONT=20 face=3DArial>Unchanged, expected was a rise of 0.1</DIV> <DIV> <HR> </DIV></FONT> <DIV><FONT face=3DArial><STRONG>WORLEY'S WATCHLIST=20 WANNABES</STRONG></FONT></DIV> <DIV><FONT face=3DArial>Population of stocks under review this weekend = somewhat=20 reduced. As always, a "Bx" means a flat line "B"ase of "x" weeks = duration,=20 IMO. I will mention other specific formations, such as c&h, double = bottom=20 and LLUR.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>AAON - stealth (low vol) b/o from = B3</FONT></DIV> <DIV><FONT face=3DArial>ACDO - 7 week consolidation base, huge = earnings growth=20 and 5 year rate</FONT></DIV> <DIV><FONT face=3DArial>ACS - decent c&h for a former = LLUR</FONT></DIV> <DIV><FONT face=3DArial>AVD - LLUR, may be breaking its pattern=20 upward</FONT></DIV> <DIV><FONT face=3DArial>DCOM - LLUR</FONT></DIV> <DIV><FONT face=3DArial>DLX - LLUR</FONT></DIV> <DIV><FONT face=3DArial>FRED - volatile LLUR</FONT></DIV> <DIV><FONT face=3DArial>FRS - B4</FONT></DIV> <DIV><FONT face=3DArial>NWRE - B2, low priced micro cap</FONT></DIV> <DIV><FONT face=3DArial>ODP - B5+</FONT></DIV> <DIV><FONT face=3DArial>PENN - B4</FONT></DIV> <DIV><FONT face=3DArial>PETM - LLUR</FONT></DIV> <DIV><FONT face=3DArial>PSTI - B3, in my VR Fund</FONT></DIV> <DIV><FONT face=3DArial>SYPR - 10 week consolidation, in my VR = Fund</FONT></DIV> <DIV><FONT face=3DArial>TASR - volatile 10 week consolidation base, in = my VR=20 Fund</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></FONT> </DIV> <DIV><IMG align=3Dbaseline alt=3D"" border=3D0 hspace=3D0=20 src=3D"cid:360163008@24032002-1ebc"></DIV> <DIV><FONT face=3DArial>Tom Worley<BR></FONT><A=20 href=3D"mailto:stkguru@bellsouth.net"><FONT=20 face=3DArial>stkguru@bellsouth.net</FONT></A><BR><FONT = face=3DArial>AIM:=20 TexWorley</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_001_0068_01C1D2BA.A3414BC0-- - ------=_NextPart_000_0067_01C1D2BA.A3414BC0 Content-Type: image/gif; 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