Go to Jeff Salisbury LWGate Home Page.From: John Lessnau <jl@lessnau.com>
Subject: Re: [CANSLIM] easi
Date: Sun, 21 Apr 2002 09:07:48 -0400
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The institutional #s at swhchrarts are way different the DGO data. DGR in the same industry also looks interesting but seem to have a string of failed breakouts after forming what looks like a c&h. I guess the key is to look for a BIG jump in volume at breakout.
----- Original Message -----
From: Mike Gibbons
To: canslim@lists.xmission.com
Sent: Sunday, April 21, 2002 12:43 AM
Subject: RE: [CANSLIM] easi
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?
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<DIV><FONT size=2>The institutional #s at swhchrarts are way different the DGO
data. DGR in the same industry also looks interesting but seem to have a
string of failed breakouts after forming what looks like a c&h. I
guess the key is to look for a BIG jump in volume at breakout.</FONT></DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=mike@proactech.com href="mailto:mike@proactech.com">Mike Gibbons</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, April 21, 2002 12:43
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] easi</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=080291404-21042002>Fools rush in.....</SPAN></FONT></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=080291404-21042002>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).</SPAN></FONT></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN class=080291404-21042002>
<DIV> </DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN class=080291404-21042002>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.</SPAN></FONT></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=080291404-21042002></SPAN></FONT></SPAN></FONT><FONT face=Arial
color=#0000ff size=2><SPAN
class=080291404-21042002></SPAN></FONT> </DIV></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN class=080291404-21042002>I
ran the stock through the canslim evaluator (<A
href="http://www.cwhcharts.com/canslim">www.cwhcharts.com/canslim</A>) 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. </SPAN></FONT></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=080291404-21042002></SPAN></FONT><FONT face=Arial color=#0000ff
size=2><SPAN class=080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=080291404-21042002>Others in the group would be able to give a sounder
analysis of the fundamentals so I won't even attempt to.</SPAN></FONT></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=080291404-21042002></SPAN></FONT><FONT face=Arial
size=2>Aloha,</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Mike Gibbons<BR>Proactive Technologies,
LLC</FONT></DIV>
<DIV><FONT face=Arial size=2><A
href="http://www.proactech.com/">http://www.proactech.com</A></FONT></DIV>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B>
owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>John
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]
easi<BR><BR></DIV></FONT>
<DIV><FONT size=2>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. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Why I like this stock:</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Strong and consistent quarterly and annual growth.
26% growth rate</FONT></DIV>
<DIV><FONT size=2>40% and growing institutional owner ship (13% management
ownership)</FONT></DIV>
<DIV><FONT size=2>Military supply company in a time of war.</FONT></DIV>
<DIV><FONT size=2>Nearing the pivot point. 14% off the left side of
cup high.</FONT></DIV>
<DIV><FONT size=2>Top 10 rating by Vector Vest.</FONT></DIV>
<DIV><FONT size=2>Low 10 million share float</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>So how about it? Am I getting closer to finding
CANSLIM gold?</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Author): Re: [CANSLIM] easi John Lessnau
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