Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] easi
Date: Sun, 21 Apr 2002 18:07:27 -0400
Previous Article (by Date): RE: [CANSLIM] Recommending stocks - my thoughts "Duke Miller"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0046_01C1E95F.68506A30
Content-Type: text/plain;
charset="us-ascii"
Content-Transfer-Encoding: 7bit
Good observations, Mike.
I find myself using the evaluator all the time now. I run a screen (or
refine the IBD Daily Screen) then put the findings through the
evaluator. Whichever stocks score 7/11, I research further.
FYI: I look very carefully at the actual numbers when using the
Evaluator, because many 5/11's or 6/11's are 7's or 8's if you are
willing to bend a little. For instance, Return on Equity might be
16.89%, thereby earning a "fail"...but darn close enough for me to call
it 17% (assuming Anderson isn't doing the accounting!).
Duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Mike Gibbons
Sent: Sunday, April 21, 2002 12:43 AM
To: canslim@lists.xmission.com
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 <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_0046_01C1E95F.68506A30
Content-Type: text/html;
charset="us-ascii"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Dus-ascii">
<TITLE>Message</TITLE>
<META content=3D"MSHTML 6.00.2715.400" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D076000122-21042002><FONT face=3DArial>Good =
observations,=20
Mike.</FONT></SPAN></DIV>
<DIV><SPAN class=3D076000122-21042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D076000122-21042002><FONT face=3DArial>I find myself =
using the=20
evaluator all the time now. I run a screen (or refine the IBD =
Daily=20
Screen) then put the findings through the evaluator. Whichever =
stocks=20
score 7/11, I research further. </FONT></SPAN></DIV>
<DIV><SPAN class=3D076000122-21042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D076000122-21042002><FONT face=3DArial>FYI: I look =
very carefully=20
at the actual numbers when using the Evaluator, because many 5/11's or =
6/11's=20
are 7's or 8's if you are willing to bend a little. For =
instance,=20
Return on Equity might be 16.89%, thereby earning a "fail"...but darn =
close=20
enough for me to call it 17% (assuming Anderson isn't doing the=20
accounting!).</FONT></SPAN></DIV>
<DIV><SPAN class=3D076000122-21042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D076000122-21042002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<DIV><SPAN class=3D076000122-21042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Mike Gibbons<BR><B>Sent:</B> Sunday, April 21, =
2002 12:43=20
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
easi<BR><BR></FONT></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 could=20
be a handle forming, but we need a couple more days for it to be =
confirmed.=20
Volume is drying up nicely, but it would have been nice to see =
stronger volume=20
after the last handle formed. In fact, although this stock has =
risen=20
above the pivot set on 4/2, it didn't truly break out because the =
volume was=20
barely above average - compare to the heavy volume on 4/1 - the =
previous=20
breakout. This suggests that if the handle is completed, that any =
subsequent breakout may be prone to failure also (that almost goes =
without=20
saying at the moment).</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D080291404-21042002>
<DIV> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff 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 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 =
class=3D080291404-21042002>I=20
ran 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 (but a very strong recent quarter perhaps reflecting =
increased orders=20
since 9/11). Also institutional ownership at 71%. The stock rated =
a 7,=20
but could pick up an extra point if the handle is completed and the up =
to down=20
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 =
sounder=20
analysis of the fundamentals so I won't even attempt =
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 yet to=20
find a true CANSLIM stock. EASI (group:Elec-military Systems) =
is=20
another possibility I have been watching. It looks to be in a =
long=20
term cup starting October 8 and currently it seems to be =
trying=20
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. =20
26% 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=20
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 =
finding=20
CANSLIM gold?</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0046_01C1E95F.68506A30--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Date): RE: [CANSLIM] Recommending stocks - my thoughts "Duke Miller"
Articles sorted by: [Date]
[Author]
[Subject]