Go to Jeff Salisbury LWGate Home Page.From: "Novdust" <Novdust@hotmail.com>
Subject: Re: [CANSLIM] --> CANSLI? NVR
Date: Tue, 9 Apr 2002 10:09:33 -0500
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I would have to say that you are not going to sell at the top. If you bought at one of the last breakouts, I would probably start taking some profits. Looks like it may be going on a climax running and will probably anounce a split. Just my opinion, but better to hold on to the profits while you have them. - ----- Original Message ----- From: "Dimitri Katsaros" <dcka@yahoo.com> To: <canslim@lists.xmission.com> Sent: Tuesday, April 09, 2002 7:43 AM Subject: Re: [CANSLIM] --> CANSLI? > Any opinions on NVR? It's been doing quite well for me > and I'd hate to "give back" any gains unneccisarily. > > Thanks > Dimitri > > --- Katherine Malm <kmalm@earthlink.net> wrote: > > Hi John, > > > > Homebuilding is a cyclical business by its nature. > > While the homebuilders have enjoyed a long boom in > > this cycle (more recently lengthened by the Fed's > > easing), its fairly clear that the cycle is nearing > > its end. That means that most of the homebuilders do > > not have what it takes to fuel future growth. When > > looking at any one stock in the group, its important > > to also check the remaining stocks and see what > > kinds of earnings and sales they've been printing in > > the last couple of quarters. Sure enough, most of > > the homebuilders have seen a marked deceleration in > > both. Under CANSLIM rules, 2 quarters of > > decelerating earnings after a long string of > > accelerating quarters is a sell signal. The next > > thing you'd want to look at is the technical health > > of all the players in the group. Pull up a chart of > > all the players and see what's there. Almost every > > one of them has formed a head and shoulders topping > > formation. While HOV and RYL appear to be bucking > > the trend, investing in them long at this point is > > the equivalent of playing with fire. > > > > In sum, there are 3 things which qualify > > homebuilders as "stinky fish": > > (1) 2 quarters of decelerating earnings > > (2) cyclical business nearing the end of the cycle, > > higher interest rates pressuring sales and therefore > > taking away fuel for future growth > > (3) group health is poor, most stocks are topping > > out. > > > > Katherine > > ===== > Quiquid latine dictum sit altum viditur > > __________________________________________________ > Do You Yahoo!? > Yahoo! Tax Center - online filing with TurboTax > http://taxes.yahoo.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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