Re: [CANSLIM] PMFG

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] PMFG
Date: Tue, 30 Apr 2002 18:42:41 -0400

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I disagree. WON was asked in his daily Q&A, which someone posted here,
whether a basing formation below the high was still useable. As I understood
his answer, not only was it useable, but he didn't mention it having to put
the handle or other pivot over the 200 DMA first. The question, as I recall,
was mostly in reference to big names like Cisco, which I personally don't
expect will be the future leaders most of us will be buying, but will still
be sought by the managers of our money stuck in mutual funds in 401K plans
(aaarrgggghhhhh!!!, won't those "professionals" ever learn how to invest? I
am so tired of beating their socks off just doing it as a hobby part time,
and they are supposed to be doing it as a living)

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- 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 2:18 PM
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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