Go to Jeff Salisbury LWGate Home Page.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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This is a multi-part message in MIME format. - ------=_NextPart_000_0A66_01C1E93A.333B3DE0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0A67_01C1E93A.333B3DE0" - ------=_NextPart_001_0A67_01C1E93A.333B3DE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable 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 - -------------------------------------------------------------------------= - ------- 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 - ------=_NextPart_001_0A67_01C1E93A.333B3DE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2715.400" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY> <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> </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> </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> </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> </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> </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&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> </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> </DIV> <DIV><FONT face=3DArial>Happy Hunting,</FONT></DIV> <DIV><FONT face=3DArial></FONT> </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> - ------=_NextPart_001_0A67_01C1E93A.333B3DE0-- - ------=_NextPart_000_0A66_01C1E93A.333B3DE0 Content-Type: image/gif; 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