RE: [CANSLIM] PMFG

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] PMFG
Date: Tue, 30 Apr 2002 09:23:21 -1000
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From Investors.com "The pivot is typically determined by the top of a handle
formed by the stock's price and volume action."

I guess we don't know if it's going to form a handle from that date yet, but
that would also be seen as the top of the right side of the base (or cup).
However, because of the thin volume and consequent wild price action, this
chart is very difficult to read.

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 J. Lobatto
Sent: Tuesday, April 30, 2002 8:31 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] PMFG


Mike,

Just curious as to how you arrive at that pivot point figure?

Jon
- ----- Original Message -----
From: "Mike Gibbons" <mikegibbons@proactech.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, April 30, 2002 2:33 PM
Subject: RE: [CANSLIM] PMFG


> I believe the pivot would be the intraday high of 21.60 on 4/29.
>
> 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 Cefaloni, John L
> Jr. [AMSTA-AR-WEA]
> Sent: Tuesday, April 30, 2002 8:18 AM
> To: 'canslim@lists.xmission.com'
> 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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