RE: [CANSLIM] PMFG

From: Dave Wulf <DWulf@WBMNet.Com>
Subject: RE: [CANSLIM] PMFG
Date: Wed, 1 May 2002 16:08:47 -0500
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In defense of "those professionals" you continue to beat the socks
off....gimme a break.  Not nearly so easy as you make it seem "part-time".
DWulf

> ----------
> From: 	Tom Worley[SMTP:stkguru@bellsouth.net]
> Reply To: 	canslim@lists.xmission.com
> Sent: 	Tuesday, April 30, 2002 5:42 PM
> To: 	canslim@lists.xmission.com
> Subject: 	Re: [CANSLIM] PMFG
> 
> 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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