[CANSLIM] Worley's Weekend Weeview

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 30 Mar 2002 12:41:52 -0500
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ECONOMICS
Existing Housing Sales - came in slightly lower than January's record =
pace of 6.05 million units / year at 5.88 mil units, but still well =
ahead of 2001's record total of 5.296 mil units. And was still ahead of =
forecasts of 5.5 mil units.

Consumer Confidence - screamed to 110.2 from 95.0 in March, expected was =
98.0.=20

GDP for Q4 - initially reported as a 0.2% gain, revised to 1.4% gain, =
and finalized at 1.7% gain.

New home sales - gained 5.3% over January. And new home sales usually / =
often sparks further consumer sales of things to fix up that new house =
and fill it with furniture.

- -------------------------------------------------------------------------=
- -------

HP acquisition of Compaq - Walter Hewlett files a sour grapes lawsuit to =
block the merge.=20
- -------------------------------------------------------------------------=
- -------

I guess there is some justice after all. The Japanese pain avoidance of =
major economic and financial reforms left the Nikkei down over 15% for =
their fiscal year that just ended. Meanwhile, the DOW 30, NYSE =
Composite, Nasdaq, and Russell 2000 all are up measurably (I didn't do =
the math) for the same 12 months. Big winner? No surprise, R2000. It's =
no wonder I like the little ones.=20
- -------------------------------------------------------------------------=
- -------

WORLEY'S WATCHLIST WANNABES
I am trying something different this weekend. Changed the resolution on =
my PC, so will now be able to see a full 12 months on the chart.
As always, Bx means a flat line "B"ase of "x" weeks duration, IMO. If I =
see a specific pattern, such as a c&h, double bottom, or LLUR, I will =
say so.
The list is short, altho the population I reviewed is stable, because of =
the high number of stocks that are already very extended.

ACS - c&h
CSTR - stealth b/o past the pivot from a B3
DFXI - as discussed, broke out from a c&h to just past the pivot
FRED  - B3, violates the former LLUR pattern
FRS - B5
LBAI - shallow c&h
MGRE - B3, low priced micro cap
ODP - B6
OFIX - B3
PCG - LLUR
PETM - LLUR
RCII - stealth b/o from a c&h?
RMCI - just under pivot on volume, in my VR Fund :)
SIDE - B3+
TASR - breaking pivot, micro cap, EPS only 61, own and in my VR Fund

Happy Hunting,



Tom Worley
stkguru@bellsouth.net
AIM: TexWorley

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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial><STRONG>ECONOMICS</STRONG></FONT></DIV>
<DIV><FONT face=3DArial>Existing Housing Sales - came in slightly lower =
than=20
January's record pace of 6.05 million units / year at 5.88 mil units, =
but still=20
well ahead of 2001's record total of 5.296 mil units. And was still =
ahead of=20
forecasts of 5.5 mil units.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Consumer Confidence - screamed to 110.2 from =
95.0 in=20
March, expected was 98.0. </FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>GDP for Q4 - initially reported as a 0.2% gain, =
revised to=20
1.4% gain, and finalized at 1.7% gain.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>New home sales - gained 5.3% over January. And =
new home=20
sales usually / often sparks further consumer sales of things to fix up =
that new=20
house and fill it with furniture.</FONT><FONT face=3DArial></DIV>
<DIV>
<HR>
</DIV>
<DIV>HP acquisition of Compaq - Walter Hewlett files a sour grapes =
lawsuit to=20
block the merge.=20
<HR>
</DIV>
<DIV>I guess there is some justice after all. The Japanese pain =
avoidance of=20
major economic and financial reforms left the Nikkei down over 15% for =
their=20
fiscal year that just ended. Meanwhile, the DOW 30, NYSE Composite, =
Nasdaq, and=20
Russell 2000 all are up measurably (I didn't do the math) for the same =
12=20
months. Big winner? No surprise, R2000. It's no wonder I like the little =
ones.=20
<HR>
</DIV>
<DIV><STRONG>WORLEY'S WATCHLIST WANNABES</STRONG></DIV>
<DIV>I am trying something different this weekend. Changed the =
resolution on my=20
PC, so will now be able to see a full 12 months on the chart.</DIV>
<DIV>As always, Bx means a flat line "B"ase of "x" weeks duration, IMO. =
If I see=20
a specific pattern, such as a c&amp;h, double bottom, or LLUR, I will =
say=20
so.</DIV>
<DIV>The list is short, altho the population I reviewed is stable, =
because of=20
the high number of stocks that are already very extended.</DIV>
<DIV>&nbsp;</DIV>
<DIV>ACS - c&amp;h</DIV>
<DIV>CSTR - stealth b/o past the pivot from a B3</DIV>
<DIV>DFXI - as discussed, broke out from a c&amp;h to just past the =
pivot</DIV>
<DIV>FRED&nbsp; - B3, violates the former LLUR pattern</DIV>
<DIV>FRS - B5</DIV>
<DIV>LBAI - shallow c&amp;h</DIV>
<DIV>MGRE - B3, low priced micro cap</DIV>
<DIV>ODP - B6</DIV>
<DIV>OFIX - B3</DIV>
<DIV>PCG - LLUR</DIV>
<DIV>PETM - LLUR</DIV>
<DIV>RCII - stealth b/o from a c&amp;h?</DIV>
<DIV>RMCI - just under pivot on volume, in my VR Fund :)</DIV>
<DIV>SIDE - B3+</DIV>
<DIV>TASR - breaking pivot, micro cap, EPS only 61, own and in my VR =
Fund</DIV>
<DIV>&nbsp;</DIV>
<DIV>Happy Hunting,</DIV>
<DIV>&nbsp;</DIV>
<DIV><IMG alt=3D"" hspace=3D0 =
src=3D"cid:011601c1d812$2d986ea0$9300a8c0@TOMSBOX"=20
align=3Dbaseline border=3D0></DIV></FONT>
<DIV><FONT face=3DArial></FONT><FONT face=3DArial></FONT>&nbsp;</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: =

TexWorley</FONT></DIV></BODY></HTML>

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