Go to Jeff Salisbury LWGate Home Page.From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] easi
Date: Sun, 21 Apr 2002 16:52:44 -1000
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MessageGood point Duke. Maybe I should round to whole numbers?
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 Duke Miller
Sent: Sunday, April 21, 2002 12:07 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] easi
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
-----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?
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<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN =
class=3D960305102-22042002>Good=20
point Duke. Maybe I should round to whole numbers?</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Mike Gibbons<BR>Proactive Technologies, =
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 dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV align=3Dleft class=3DOutlookMessageHeader dir=3Dltr><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>Duke=20
Miller<BR><B>Sent:</B> Sunday, April 21, 2002 12:07 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM]=20
easi<BR><BR></DIV></FONT>
<DIV><SPAN class=3D076000122-21042002><FONT face=3DArial>Good =
observations,=20
Mike.</FONT></SPAN></DIV>
<DIV><SPAN class=3D076000122-21042002><FONT=20
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=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D076000122-21042002><FONT face=3DArial>FYI: I look =
very=20
carefully at the actual numbers when using the Evaluator, because many =
5/11's=20
or 6/11's are 7's or 8's if you are willing to bend a =
little. For=20
instance, Return on Equity might be 16.89%, thereby earning a =
"fail"...but=20
darn close enough for me to call it 17% (assuming Anderson isn't doing =
the=20
accounting!).</FONT></SPAN></DIV>
<DIV><SPAN class=3D076000122-21042002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D076000122-21042002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<DIV><SPAN class=3D076000122-21042002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV align=3Dleft class=3DOutlookMessageHeader dir=3Dltr =
lang=3Den-us><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=20
12:43 AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
RE:=20
[CANSLIM] easi<BR><BR></FONT></DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20
class=3D080291404-21042002>Fools rush in.....</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff face=3DArial 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=20
volume after the last handle formed. In fact, although this =
stock has=20
risen above the pivot set on 4/2, it didn't truly break out because =
the=20
volume was barely above average - compare to the heavy volume on 4/1 =
- - the=20
previous breakout. This suggests that if the handle is =
completed, that=20
any subsequent breakout may be prone to failure also (that almost =
goes=20
without saying at the moment).</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN =
class=3D080291404-21042002>
<DIV> </DIV>
<DIV><FONT color=3D#0000ff face=3DArial 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 sold=20
on 4/3 for a small profit). I would hesitate before buying it in the =
handle=20
this time and would wait for a real breakout.</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT></SPAN></FONT><FONT =
color=3D#0000ff=20
face=3DArial size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT> </DIV></DIV>
<DIV><FONT color=3D#0000ff face=3DArial 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=20
got different results to you - weak year-on-year growth for the last =
three=20
quarters (but a very strong recent quarter perhaps reflecting =
increased=20
orders since 9/11). Also institutional ownership at 71%. The =
stock=20
rated a 7, but could pick up an extra point if the handle is =
completed and=20
the up to down volume ratio improves. </SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT><FONT color=3D#0000ff =
face=3DArial=20
size=3D2><SPAN class=3D080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff face=3DArial 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 color=3D#0000ff face=3DArial size=3D2><SPAN=20
class=3D080291404-21042002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff face=3DArial 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 align=3Dleft class=3DOutlookMessageHeader dir=3Dltr><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></BLOCKQUOTE></BODY></HTML>
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