[CANSLIM] Worley's Weekend Weeview

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Worley's Weekend Weeview
Date: Sun, 21 Apr 2002 13:41:11 -0400
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ECONOMICS
Initial claims, 4 week average of initial claims, and Continued Claims =
all rose more than expected, signaling a continuing rise in unemployment =
figures (a laggard indicator).

February Trade Gap was the largest in a year at $31.5 billion, even =
after factoring out energy products, just another sign of a recovering =
US economy trying to drag the global economy along. It was far higher =
that economist's forecast of 28.8 billion.

CPI rose a tame 0.3% in March, expectations were for a rise of 0.5%. =
Stripping out volatile energy and food portions, it was up only 0.1% on =
the core rate.

Housing starts dropped 7.8%, biggest drop in 12 years, but was measured =
against February's rate which was the highest in four years. New =
building permits also fell, by 9.9%, below expectations.

Industrial production for March was up 0.7%, expectation was for a gain =
of 0.5%. February's gain was revised to 0.3% gain. Capacity utilization =
came in at 75.4% against expectations of 75.1%, and February's rate of =
74.9%.

Consumer debt is again out of control, and may curtail future spending =
needed to keep the economy growing. Consumers were spending 14.3% of =
their disposable income just to service their debt during the 4th =
quarter, highest rate since 1986. Debt service level was higher at the =
end of this latest recession than at the end of any of the prior three =
recessions, and was rising during the final six months of recession, =
while it declined in the final six months of the prior recessions. =
Worthwhile article at
http://money.cnn.com/2002/04/16/news/economy/trend_debt/index.htm
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WORLEY'S WATCHLIST WANNABEES
As always, most here will have both RS and EPS of 80 or better, and be =
close to their 12 month high. I will try to note the exceptions to this. =
I will point out what I see in basing formations, such as c&h, double =
bottoms, or LLUR (Lower Left, Upper Right, not an approved WON pattern). =
Mostly I am looking for flat line basing, noted as Bx where "B"ase means =
"x" weeks, IMO. The population I am reviewing this weekend expanded =
sharply. Most charts are already extended, not much to pick from.

AMZ - B4
CMX - B5
CSTR - uptrending B6, but staggering earnings forecasts (713% this year =
and 123% next year), which will drop trailing PE from 486 to 52 =
projected this year
GLG - LLUR, small cap low priced gold stock, I have no confidence in it =
with a price/sales ratio of over 7, but nice chart
ICTG - B4
NWRE - small cap, B2, powerful earnings forecast, in my VR fund
OFIX - B6
PETM - LLUR
PNG - B4
PSTI - early stage LLUR?, in my VR fund, small cap
PXXI - B5, but EPS only 74, in my VR fund, small cap
TTC - B7
UOPX - B4

Happy Hunting,


Tom Worley
stkguru@bellsouth.net
AIM: TexWorley

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<DIV><FONT face=3DArial><STRONG>ECONOMICS</STRONG></FONT></DIV>
<DIV><FONT face=3DArial>Initial claims, 4 week average of initial =
claims, and=20
Continued Claims all rose more than expected, signaling a continuing =
rise in=20
unemployment figures (a laggard indicator).</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>February Trade Gap was the largest in a year at =
$31.5=20
billion, even after factoring out energy products, just another sign of =
a=20
recovering US economy trying to drag the global economy along. It was =
far higher=20
that economist's forecast of 28.8 billion.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>CPI rose a tame 0.3% in March, expectations were =
for a=20
rise of 0.5%. Stripping out volatile energy and food portions, it was up =
only=20
0.1% on the core rate.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Housing starts dropped 7.8%, biggest drop in 12 =
years, but=20
was measured against February's rate which was the highest in four =
years. New=20
building permits also fell, by 9.9%, below expectations.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Industrial production for March was up 0.7%, =
expectation=20
was for a gain of 0.5%. February's gain was revised to 0.3% gain. =
Capacity=20
utilization came in at 75.4% against expectations of 75.1%, and =
February's rate=20
of 74.9%.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Consumer debt is again out of control, and may =
curtail=20
future spending needed to keep the economy growing. Consumers were =
spending=20
14.3% of their disposable income just to service their debt during the =
4th=20
quarter, highest rate since 1986. Debt service level was higher at the =
end of=20
this latest recession than at the end of any of the prior three =
recessions, and=20
was rising during the final six months of recession, while it declined =
in the=20
final six months of the prior recessions. Worthwhile article =
at</FONT></DIV>
<DIV><A=20
href=3D"http://money.cnn.com/2002/04/16/news/economy/trend_debt/index.htm=
"><FONT=20
face=3DArial>http://money.cnn.com/2002/04/16/news/economy/trend_debt/inde=
x.htm</FONT></A>
<HR>
</DIV>
<DIV><FONT face=3DArial><STRONG>WORLEY'S WATCHLIST =
WANNABEES</STRONG></FONT></DIV>
<DIV><FONT face=3DArial>As always, most here will have both RS and EPS =
of 80 or=20
better, and be close to their 12 month high. I will try to note the =
exceptions=20
to this. I will point out what I see in basing formations, such as =
c&amp;h,=20
double bottoms, or LLUR (Lower Left, Upper Right, not an approved WON =
pattern).=20
Mostly I am looking for flat line basing, noted as Bx where "B"ase means =
"x"=20
weeks, IMO. The population I am reviewing this weekend expanded sharply. =
Most=20
charts are already extended, not much to pick from.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>AMZ - B4</FONT></DIV>
<DIV><FONT face=3DArial>CMX - B5</FONT></DIV>
<DIV><FONT face=3DArial>CSTR - uptrending B6, but staggering earnings =
forecasts=20
(713% this year and 123% next year), which will drop trailing PE from =
486 to 52=20
projected this year</FONT></DIV>
<DIV><FONT face=3DArial>GLG - LLUR, small cap low priced gold stock, I =
have no=20
confidence in it with a price/sales ratio of over 7, but nice =
chart</FONT></DIV>
<DIV><FONT face=3DArial>ICTG - B4</FONT></DIV>
<DIV><FONT face=3DArial>NWRE - small cap, B2, powerful earnings =
forecast, in my VR=20
fund</FONT></DIV>
<DIV><FONT face=3DArial>OFIX - B6</FONT></DIV>
<DIV><FONT face=3DArial>PETM - LLUR</FONT></DIV>
<DIV><FONT face=3DArial>PNG - B4</FONT></DIV>
<DIV><FONT face=3DArial>PSTI - early stage LLUR?, in my VR fund, small=20
cap</FONT></DIV>
<DIV><FONT face=3DArial>PXXI - B5, but EPS only 74, in my VR fund, small =

cap</FONT></DIV>
<DIV><FONT face=3DArial>TTC - B7</FONT></DIV>
<DIV><FONT face=3DArial>UOPX - B4</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Happy Hunting,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial><IMG alt=3D"" hspace=3D0=20
src=3D"cid:0a6501c1e95b$ba4a93f0$9300a8c0@TOMSBOX" align=3Dbaseline=20
border=3D0></FONT></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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