Go to Jeff Salisbury LWGate Home Page.From: "Mike Gibbons" <mike@proactech.com>
Subject: RE: [CANSLIM] easi
Date: Sat, 20 Apr 2002 18:43:28 -1000
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This is a multi-part message in MIME format. - ------=_NextPart_000_0010_01C1E89B.42F657A0 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: 7bit Fools rush in..... Looking just at the chart for a moment, there could be a handle forming, but we need a couple more days for it to be confirmed. Volume is drying up nicely, but it would have been nice to see stronger volume after the last handle formed. In fact, although this stock has risen above the pivot set on 4/2, it didn't truly break out because the volume was barely above average - compare to the heavy volume on 4/1 - the previous breakout. This suggests that if the handle is completed, that any subsequent breakout may be prone to failure also (that almost goes without saying at the moment). This stock looked like a very strong candidate prior to 4/2 based on the chart (I bought it in the handle on 3/28 and sold on 4/3 for a small profit). I would hesitate before buying it in the handle this time and would wait for a real breakout. I ran the stock through the canslim evaluator (www.cwhcharts.com/canslim) and got different results to you - weak year-on-year growth for the last three quarters (but a very strong recent quarter perhaps reflecting increased orders since 9/11). Also institutional ownership at 71%. The stock rated a 7, but could pick up an extra point if the handle is completed and the up to down volume ratio improves. Others in the group would be able to give a sounder analysis of the fundamentals so I won't even attempt to. 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 John Lessnau Sent: Saturday, April 20, 2002 3:49 PM To: canslim@lists.xmission.com Subject: [CANSLIM] easi I've been at it for over one month and still have yet to find a true CANSLIM stock. EASI (group:Elec-military Systems) is another possibility I have been watching. It looks to be in a long term cup starting October 8 and currently it seems to be trying to form a handle. Why I like this stock: Strong and consistent quarterly and annual growth. 26% growth rate 40% and growing institutional owner ship (13% management ownership) Military supply company in a time of war. Nearing the pivot point. 14% off the left side of cup high. Top 10 rating by Vector Vest. Low 10 million share float So how about it? Am I getting closer to finding CANSLIM gold? - ------=_NextPart_000_0010_01C1E89B.42F657A0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content=3D"text/html; charset=3Dwindows-1252" = 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 = class=3D080291404-21042002>Fools=20 rush in.....</SPAN></FONT></DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D080291404-21042002></SPAN></FONT> </DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D080291404-21042002>Looking just at the chart for a moment, there = could be=20 a handle forming, but we need a couple more days for it to be confirmed. = Volume=20 is drying up nicely, but it would have been nice to see stronger volume = after=20 the last handle formed. In fact, although this stock has risen = above the=20 pivot set on 4/2, it didn't truly break out because the volume was = barely above=20 average - compare to the heavy volume on 4/1 - the previous breakout.=20 This suggests that if the handle is completed, that any subsequent = breakout=20 may be prone to failure also (that almost goes without saying at the=20 moment).</SPAN></FONT></DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN = class=3D080291404-21042002> <DIV> </DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN = class=3D080291404-21042002>This=20 stock looked like a very strong candidate prior to 4/2 based on the = chart (I=20 bought it in the handle on 3/28 and sold on 4/3 for a small profit). I = would=20 hesitate before buying it in the handle this time and would wait for a = real=20 breakout.</SPAN></FONT></DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D080291404-21042002></SPAN></FONT></SPAN></FONT><FONT = color=3D#0000ff=20 face=3DArial size=3D2><SPAN=20 class=3D080291404-21042002></SPAN></FONT> </DIV></DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN = class=3D080291404-21042002>I ran=20 the stock through the canslim evaluator (<A=20 href=3D"http://www.cwhcharts.com/canslim">www.cwhcharts.com/canslim</A>) = and got=20 different results to you - weak year-on-year growth for the last three = quarters=20 (but a very strong recent quarter perhaps reflecting increased orders = since=20 9/11). Also institutional ownership at 71%. The stock rated a 7, = but could=20 pick up an extra point if the handle is completed and the up to down = volume=20 ratio improves. </SPAN></FONT></DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D080291404-21042002></SPAN></FONT><FONT color=3D#0000ff = face=3DArial=20 size=3D2><SPAN class=3D080291404-21042002></SPAN></FONT> </DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN = class=3D080291404-21042002>Others=20 in the group would be able to give a sounder analysis of the = fundamentals so I=20 won't even attempt to.</SPAN></FONT></DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D080291404-21042002></SPAN></FONT> </DIV> <DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20 class=3D080291404-21042002></SPAN></FONT><FONT face=3DArial=20 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>John=20 Lessnau<BR><B>Sent:</B> Saturday, April 20, 2002 3:49 PM<BR><B>To:</B> = canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM]=20 easi<BR><BR></DIV></FONT> <DIV><FONT size=3D2>I've been at it for over one month and still have = yet to=20 find a true CANSLIM stock. EASI (group:Elec-military Systems) is = another=20 possibility I have been watching. It looks to be in a long term = cup=20 starting October 8 and currently it seems to be trying to = form a=20 handle. </FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Why I like this stock:</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Strong and consistent quarterly and annual = growth. 26%=20 growth rate</FONT></DIV> <DIV><FONT size=3D2>40% and growing institutional owner ship (13% = management=20 ownership)</FONT></DIV> <DIV><FONT size=3D2>Military supply company in a time of = war.</FONT></DIV> <DIV><FONT size=3D2>Nearing the pivot point. 14% off the left = side of cup=20 high.</FONT></DIV> <DIV><FONT size=3D2>Top 10 rating by Vector Vest.</FONT></DIV> <DIV><FONT size=3D2>Low 10 million share float</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>So how about it? Am I getting closer to = finding=20 CANSLIM gold?</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0010_01C1E89B.42F657A0-- - - - -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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