Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] easi
Date: Sun, 21 Apr 2002 13:14:14 -0500
Previous Article (by Date): [CANSLIM] Testing Smart Money Screening Tool Warren Keuffel
Top of Thread: Re: [CANSLIM] easi "William King"
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You're welcome Bill.
The chart I captured was from a comparison charting feature in =
VectorVest, but you can do similar comparisons at stockcharts.com, MSN, =
or bigCharts. Other charting software such as TC2000 will have this =
feature, and I believe HGS may also has this capability (though someone =
like Tim Fisher, who uses this package can tell you more.)
Here's an example from stockcharts.com (they refer to this as a =
"perfchart").:
http://stockcharts.com/charts/performance/SPSectors.html (there are =
numerous features for period of time for comparison, line vs. bar, etc.)
At BigCharts, use the interactive charting tools. =
http://www.bigcharts.com
At MSN, there is a checkbox that allows you to select the industry along =
with the stock's chart. You can also add additional symbols to get a =
comparative. Make sure you install the components required if you =
haven't visited the charting site before. =
http://moneycentral.msn.com/investor/charts/charting.asp
Katherine
----- Original Message -----=20
From: William King=20
To: canslim@lists.xmission.com=20
Sent: Sunday, April 21, 2002 12:57 PM
Subject: Re: [CANSLIM] easi
Katherine,
Thanks for the neat comparative analysis. Where did you do it or is it =
your own software?
Bill King
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Sunday, April 21, 2002 10:26 AM
Subject: Re: [CANSLIM] easi
Hi John,
EASI's a tough chart to read. When that happens, I like to put it in =
perspective. Sometimes that means putting the chart itself into a longer =
term view, comparing it to other similar stocks, comparing it to a =
market, and/or comparing it to the industry/sector. This time, I had to =
do *all* of those to make some sense of it. See a comparison at:
http://WallStreet-LLC.com/canslim/A&D+EASI+042102.jpg
The bottom line is that EASI has a history of more volatile moves =
than other similar stocks. Don't get me wrong, the betas on this group =
are *LOW* (EASI=3D(0.03), LMT=3D0.19, LLL=3D0.03, CACI=3D0.63) in =
comparison to stocks like NVDA (beta=3D2.23). The market is favoring low =
beta, low PE, small-mid cap stocks right now, so I'd say sticking to =
stocks like these is a good idea. However, if I pulled up 20 or 30 =
stocks with these characteristics, I'd be inclined to go with the stocks =
with better fundamentals and easier charts.
As a side note, you mentioned in your original analysis that EASI =
was a "top 10 stock in VV." While its VST places it in the top 10 of all =
stocks in the database....look out. VST is a combination of RT (relative =
timing-technical), RS (relative safety-past fundamental+price =
volatility) and RV (relative value-past profitability+future EPS & =
growth), with RT being weighted the highest. When a stock *begins* its =
move, the VST is going to be high, but it won't already be the highest =
in the database. Its the same idea as the IBD rankings. Once a stock has =
a RS of 99, it's already outperformed everything else. Key word there is =
*already.*
Katherine
----- Original Message -----=20
From: John Lessnau=20
To: canslim@lists.xmission.com=20
Sent: Sunday, April 21, 2002 8:07 AM
Subject: Re: [CANSLIM] easi
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 -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
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.=20
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. =20
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>You're welcome Bill.</DIV>
<DIV> </DIV>
<DIV>The chart I captured was from a comparison charting feature in =
VectorVest,=20
but you can do similar comparisons at stockcharts.com, MSN, or =
bigCharts. Other=20
charting software such as TC2000 will have this feature, and I believe =
HGS may=20
also has this capability (though someone like Tim Fisher, who uses this =
package=20
can tell you more.)</DIV>
<DIV> </DIV>
<DIV>Here's an example from stockcharts.com (they refer to this as a=20
"perfchart").:</DIV>
<DIV><A=20
href=3D"http://stockcharts.com/charts/performance/SPSectors.html">http://=
stockcharts.com/charts/performance/SPSectors.html</A> (there=20
are numerous features for period of time for comparison, line vs. bar,=20
etc.)</DIV>
<DIV>At BigCharts, use the interactive charting tools. <A=20
href=3D"http://www.bigcharts.com">http://www.bigcharts.com</A></DIV>
<DIV>At MSN, there is a checkbox that allows you to select the industry =
along=20
with the stock's chart. You can also add additional symbols to get =
a =20
comparative. Make sure you install the components required if you =
haven't=20
visited the charting site before. <A=20
href=3D"http://moneycentral.msn.com/investor/charts/charting.asp">http://=
moneycentral.msn.com/investor/charts/charting.asp</A></DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dwk11@adelphia.net href=3D"mailto:wk11@adelphia.net">William =
King</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, April 21, 2002 =
12:57=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
easi</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for the neat comparative =
analysis. Where=20
did you do it or is it your own software?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Bill King</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, April 21, 2002 =
10:26=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
easi</DIV>
<DIV><BR></DIV>
<DIV>Hi John,</DIV>
<DIV> </DIV>
<DIV>EASI's a tough chart to read. When that happens, I like to put =
it in=20
perspective. Sometimes that means putting the chart itself into a =
longer=20
term view, comparing it to other similar stocks, comparing it to a =
market,=20
and/or comparing it to the industry/sector. This time, I had to do =
*all* of=20
those to make some sense of it. See a comparison at:</DIV>
<DIV> </DIV>
<DIV><A=20
=
href=3D"http://WallStreet-LLC.com/canslim/A&D+EASI+042102.jpg">http:/=
/WallStreet-LLC.com/canslim/A&D+EASI+042102.jpg</A></DIV>
<DIV> </DIV>
<DIV>The bottom line is that EASI has a history of more volatile =
moves than=20
other similar stocks. Don't get me wrong, the betas on this group =
are *LOW*=20
(EASI=3D(0.03), LMT=3D0.19, LLL=3D0.03, CACI=3D0.63) in comparison =
to stocks like=20
NVDA (beta=3D2.23). The market is favoring low beta, low PE, =
small-mid cap=20
stocks right now, so I'd say sticking to stocks like these is a good =
idea.=20
However, if I pulled up 20 or 30 stocks with these characteristics, =
I'd be=20
inclined to go with the stocks with better fundamentals and easier=20
charts.</DIV>
<DIV> </DIV>
<DIV>As a side note, you mentioned in your original analysis that =
EASI was a=20
"top 10 stock in VV." While its VST places it in the top 10 of all =
stocks in=20
the database....look out. VST is a combination of RT (relative=20
timing-technical), RS (relative safety-past fundamental+price=20
volatility) and RV (relative value-past profitability+future =
EPS &=20
growth), with RT being weighted the highest. When a stock *begins* =
its move,=20
the VST is going to be high, but it won't already be the highest in =
the=20
database. Its the same idea as the IBD rankings. Once a stock has a =
RS of=20
99, it's already outperformed everything else. Key word there is=20
*already.*</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Djl@lessnau.com href=3D"mailto:jl@lessnau.com">John =
Lessnau</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, April 21, =
2002 8:07=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
easi</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>The institutional #s at swhchrarts are way =
different the=20
DGO data. DGR in the same industry also looks interesting =
but seem=20
to have a string of failed breakouts after forming what looks like =
a=20
c&h. I guess the key is to look for a BIG jump in volume =
at=20
breakout.</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmike@proactech.com =
href=3D"mailto:mike@proactech.com">Mike=20
Gibbons</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, April 21, =
2002 12:43=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
easi</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002>Fools rush =
in.....</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002>Looking just at the chart for a =
moment, there=20
could be a handle forming, but we need a couple more days for it =
to be=20
confirmed. Volume is drying up nicely, but it would have been =
nice to=20
see stronger volume after the last handle formed. In fact,=20
although this stock has risen above the pivot set on 4/2, =
it=20
didn't truly break out because the volume was barely above =
average -=20
compare to the heavy volume on 4/1 - the previous breakout.=20
This suggests that if the handle is completed, that any =
subsequent=20
breakout may be prone to failure also (that almost goes without =
saying=20
at the moment).</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002>
<DIV> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002>This stock looked like a very strong =
candidate=20
prior to 4/2 based on the chart (I bought it in the handle on =
3/28 and=20
sold on 4/3 for a small profit). I would hesitate before buying =
it in=20
the handle this time and would wait for a real=20
breakout.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT></SPAN></FONT><FONT =
face=3DArial=20
color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT> </DIV></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002>I ran the stock through the canslim =
evaluator=20
(<A=20
=
href=3D"http://www.cwhcharts.com/canslim">www.cwhcharts.com/canslim</A>) =
and got different results to you - weak year-on-year growth for =
the last=20
three quarters (but a very strong recent quarter perhaps =
reflecting=20
increased orders since 9/11). Also institutional =
ownership at 71%.=20
The stock rated a 7, but could pick up an extra point if the =
handle is=20
completed and the up to down volume ratio improves. =
</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT><FONT face=3DArial =
color=3D#0000ff=20
size=3D2><SPAN =
class=3D080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002>Others in the group would be able to =
give a=20
sounder analysis of the fundamentals so I won't even attempt=20
to.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff 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,=20
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 class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><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>=20
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=20
yet to find a true CANSLIM stock. EASI =
(group:Elec-military=20
Systems) is another possibility I have been watching. It =
looks=20
to be in a long term cup starting October 8 =
and currently=20
it seems to be trying to form a 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% growth rate</FONT></DIV>
<DIV><FONT size=3D2>40% and growing institutional owner ship =
(13%=20
management ownership)</FONT></DIV>
<DIV><FONT size=3D2>Military supply company in a time of=20
war.</FONT></DIV>
<DIV><FONT size=3D2>Nearing the pivot point. 14% off the =
left side=20
of cup 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=20
finding CANSLIM=20
=
gold?</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></B=
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