Go to Jeff Salisbury LWGate Home Page.From: "William King" <wk11@adelphia.net>
Subject: Re: [CANSLIM] easi
Date: Sun, 21 Apr 2002 14:21:29 -0400
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Thanks again Katherine for your very comprehensive, as usual I notice, =
response.
Bill King
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Sunday, April 21, 2002 2:14 PM
Subject: Re: [CANSLIM] easi
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><FONT face=3DArial size=3D2>Thanks again Katherine for your very =
comprehensive,=20
as usual I notice, response.</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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, April 21, 2002 =
2:14=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
easi</DIV>
<DIV><BR></DIV>
<DIV>You're welcome Bill.</DIV>
<DIV> </DIV>
<DIV>The chart I captured was from a comparison charting feature in=20
VectorVest, but you can do similar comparisons at stockcharts.com, =
MSN, or=20
bigCharts. Other charting software such as TC2000 will have this =
feature, and=20
I believe HGS may also has this capability (though someone like Tim =
Fisher,=20
who uses this package 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, =
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>=
=20
</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=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 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*=20
of 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=20
than other similar stocks. Don't get me wrong, the betas on this =
group are=20
*LOW* (EASI=3D(0.03), LMT=3D0.19, LLL=3D0.03, CACI=3D0.63) in =
comparison to stocks=20
like NVDA (beta=3D2.23). The market is favoring low beta, low PE, =
small-mid=20
cap stocks right now, so I'd say sticking to stocks like these is =
a good=20
idea. However, if I pulled up 20 or 30 stocks with these =
characteristics,=20
I'd be 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=20
a "top 10 stock in VV." While its VST places it in the top 10 of =
all=20
stocks in 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*=20
its move, the VST is going to be high, but it won't already be the =
highest=20
in the database. Its the same idea as the IBD rankings. Once a =
stock has a=20
RS of 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=20
the DGO data. DGR in the same industry also looks =
interesting but=20
seem to have a string of failed breakouts after forming what =
looks like=20
a 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=20
12:43 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=20
subsequent breakout may be prone to failure also (that almost =
goes=20
without saying 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=20
candidate prior to 4/2 based on the chart (I bought it in the =
handle=20
on 3/28 and sold on 4/3 for a small profit). I would hesitate =
before=20
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=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=20
last three quarters (but a very strong recent quarter perhaps=20
reflecting increased orders since 9/11). Also institutional=20
ownership at 71%. The stock rated a 7, but could pick up =
an extra=20
point if the handle is completed and the up to down volume =
ratio=20
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=20
PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B>=20
[CANSLIM] 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=20
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=20
side 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=
LOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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