RE: [CANSLIM] Chico's CHS

From: Simon Yang <yang558899@yahoo.com>
Subject: RE: [CANSLIM] Chico's CHS
Date: Sun, 14 Apr 2002 18:27:29 -0700 (PDT)

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Hi there,
It is real fun to have so many canslim investors to
exchange ideas here. This is my first time going
around.

Simon Yang
www.simoninvestments.net

- --- Mona Guarino <webmaster@design21.com> wrote:
> John, couple cautions:
> 
> 1. C: WON makes a point of saying to look for not
> only good a
> quarter-on-quater EPS improvement, but to look for
> accelerating earning. I
> don't see that here.
> 
> 2. chart: base, not just handle, seems short. I
> remember (re)reading
> recently to beware of short bases as they are more
> failure-prone, esp. in
> bear markets. I think WON says 1 or 2 weeks. I agree
> with your point that
> changes in availability of data may justify a
> shorter period, I think at
> least a week or more would be required in order for
> an extreme volume dry-up
> at low end
> 
> Overall, I agree it looks like a CANSLIM stock, just
> not sure it's the right
> time, and, I confess, I see the market as overall
> scary rather than bullish,
> even in that sector.
> 
> I'm interested to hear others' comments on this one.
> 
> -- Mona
> 
>  -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf
> Of John Lessnau
> Sent: Sunday, April 14, 2002 2:57 PM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] Chico's CHS
> 
> 
>   I am considering CHS - Chico's Fashion, Inc.  Here
> is why...
> 
> 
>   The chart looks to be in the final stages of a
> cup.  I little longer
> handle is needed (I believe WON recommends a 4 - 8
> week handle) but is that
> really possible in today's information age?  Back
> when "How to Make Money in
> Stocks" was written the Web barely existed and only
> the most dedicated
> CANSLIMers and Stock pros could find these stocks.
> Today, any schmoe can
> find these stocks much more easily then before which
> may make entry point a
> little quicker then in the past.
> 
>   The CHS Stats:
> 
>   a.. C: Five quarters of solid earnings with one
> year Q to Q increase of
> 67%
>   a.. A:  HOV 5 year annually earnings per share
> show outstanding growth.
> .077 to 1.007 increase in EPS over past 5 years.
>   a.. N: "Buy stocks as they are making new highs" 
> CHS is only 5% below 52
> week high.
>   a.. S: Only 40,182,680 shares outstanding.
>   a.. L:  Technical Rating of 96 puts it 14 out of
> 65 stocks in its sector.
>   a.. I:  35% institutional ownership.
>   a.. M:  In a bullish sector that's ahead of the
> bear market.
> 
>   If this is not a CANSLIM stock, I give up..... 
> Should I wait for the
> handle to play out a little the catch a volume spike
> and a price jump before
> I buy?
> 


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