Re: [CANSLIM] PMFG

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] PMFG
Date: Tue, 30 Apr 2002 12:01:44 -0700

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Absolutely true. Looking at a 2-year weekly chart, I put the breakout point
in the low $22's. Also, I would like to see a sustained ADV increase on the
way there.

One of the attractive attributes of these kind of charts, where the 200-day
and the 50-day are the same, and the pivot point is only about 30% away, is
that there is plenty of room to run after the pivot, before the chart starts
to get extended. Also, there is no rush to buy - as there should still be
plenty of room after the $22 trigger.

Ian


- ----- Original Message -----
From: Cefaloni, John L Jr. [AMSTA-AR-WEA] <john.cefaloni@us.army.mil>
To: <canslim@lists.xmission.com>
Sent: Tuesday, April 30, 2002 11:18 AM
Subject: RE: [CANSLIM] PMFG


> 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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