RE: [CANSLIM] PMFG

From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" <john.cefaloni@us.army.mil>
Subject: RE: [CANSLIM] PMFG
Date: Tue, 30 Apr 2002 14:18:07 -0400

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One comment about the chart: PMFG is trading below it's 200 DMA.  I believe
that disqualifies it as a CANSLIM breakout candidate.

John C.

- -----Original Message-----
From: J. Lobatto [mailto:jlobatto@nyc.rr.com]
Sent: Tuesday, April 30, 2002 2:02 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] PMFG


Ian,

PMFG looks interesting. Taking a look at the chart which is an extended
downward sloping base, where would you set the pivot point; back at the July
high of 23.75 or sometime after that at a lower price?

Jon
- ----- Original Message -----
From: "Ian" <ianstm@shaw.ca>
To: <canslim@lists.xmission.com>
Sent: Tuesday, April 30, 2002 12:28 PM
Subject: [CANSLIM] PMFG


> Hi all:
>
> I thought I would throw out PMFG as a CANSLIM watchlist candidate, based
on
> the strength of their historical and current revenue and EPS growth. They
> announced earnings today -
> http://biz.yahoo.com/prnews/020430/datu033_1.html - another strong Q,
> showing 58% revenue growth, and 167% income growth, and $0.38 EPS. The
> caveat in todays report is the declining backlog (69 M to 63M) from last
Q.
>
> They are a 'traditional' CANSLIM candidate, in that there are just
3,000,000
> shares outstanding. The 2-year weekly chart is starting to look
> interesting - the daily chart appears random, as the stock is highly
> illiquid, volatile and subject to excessive spreads.
>
> IF AND ONLY IF a significant (20000+) change in average daily volume is
> sustained, then it would meet all of my personal cirteria as an
exceptional
> CANSLIM candidate. But that is a big 'IF' - it really needs a quantum
change
> in volume - right now, it could easily collapse with one block seller.
>
> PMFG is one to add to the watchlist - looking for a sustained daily volume
> increase, and a price move up through resistance levels in the $18-$23
area.
>
>
> Ian
>
>
>
>
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