RE: [CANSLIM] Breakouts

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Breakouts
Date: Wed, 1 May 2002 19:12:51 -0400
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Eric:
 
Using the CANSLIM evaluation tool
(http://www.cwhcharts.com/canslim/canslim.php) CCRN scores a poor 4/11.

 
UAG, 7/11, rates a "worth considering," but falls short on ROE (9.2%)
and is a bit high on the institutional holdings at over 60%.
 
Your concerns about the market and failed breakouts is well founded.  
 
Duke  

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Eric Jaenike
Sent: Wednesday, May 01, 2002 6:55 PM
To: canslim group
Subject: [CANSLIM] Breakouts



M isn't there in the major indices, although several small cap indices
have been performing well, as we all know. Interesting breakouts
yesterday and today: DRS WSH USPI (yesterday) CCRN UAG (today).

CCRN and UAG in particular caught my attention. Strong industry action
in CCRN (see AHS, their most direct competitor, and PDX). Good numbers,
solid c and h. U/D looks skewed down by secondary on 3/21. UAG also good
industry action (SAH GPI), tight c and h.

I like the broad themes for both. CCRN- medical play, outsourcing trend.
UAG- consumer driven, strong numbers released by GM today on sales.

Questionable M is biggest concern, significant number of breakout
failures (ATPX TASR CACI POSS MIMS RMCI JDAS etc). Regardless,
considering these two carefully. Any opinions?

Thanks,

Eric




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<DIV><SPAN class=3D873250823-01052002><FONT =
face=3DArial>Eric:</FONT></SPAN></DIV>
<DIV><SPAN class=3D873250823-01052002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D873250823-01052002><FONT face=3DArial>Using the =
CANSLIM=20
evaluation tool (<A=20
href=3D"http://www.cwhcharts.com/canslim/canslim.php">http://www.cwhchart=
s.com/canslim/canslim.php</A>)=20
CCRN scores a poor&nbsp;4/11.&nbsp; </FONT></SPAN></DIV>
<DIV><SPAN class=3D873250823-01052002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D873250823-01052002><FONT face=3DArial>UAG, 7/11, =
rates a "worth=20
considering," but falls short on ROE (9.2%)&nbsp;and is a bit high on =
the=20
institutional holdings at over 60%.</FONT></SPAN></DIV>
<DIV><SPAN class=3D873250823-01052002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D873250823-01052002><FONT face=3DArial>Your concerns =
about the=20
market and failed breakouts is well founded.&nbsp; </FONT></SPAN></DIV>
<DIV><SPAN class=3D873250823-01052002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D873250823-01052002><FONT face=3DArial>Duke&nbsp;=20
</FONT></SPAN></DIV>
<BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px">
  <DIV></DIV>
  <DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
  face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
  <B>On Behalf Of </B>Eric Jaenike<BR><B>Sent:</B> Wednesday, May 01, =
2002 6:55=20
  PM<BR><B>To:</B> canslim group<BR><B>Subject:</B> [CANSLIM]=20
  Breakouts<BR><BR></FONT></DIV>
  <P>M isn't there in the major indices, although several small cap =
indices have=20
  been performing well, as we all know. Interesting breakouts yesterday =
and=20
  today: DRS WSH USPI (yesterday) CCRN UAG (today).</P>
  <P>CCRN and UAG in particular caught my attention. Strong industry =
action in=20
  CCRN (see AHS, their most direct competitor, and PDX). Good numbers, =
solid c=20
  and h. U/D looks skewed down by secondary on 3/21. UAG also good =
industry=20
  action (SAH GPI), tight c and h.</P>
  <P>I like the broad themes for both. CCRN- medical play, outsourcing =
trend.=20
  UAG- consumer driven, strong numbers released by GM today on =
sales.</P>
  <P>Questionable M is biggest concern, significant number of breakout =
failures=20
  (ATPX TASR CACI POSS MIMS RMCI JDAS etc). Regardless, considering =
these two=20
  carefully. Any opinions?</P>
  <P>Thanks,</P>
  <P>Eric</P>
  <P><BR>
  <HR SIZE=3D1>
  <B>Do You Yahoo!?</B><BR><A=20
  href=3D"http://rd.yahoo.com/welcome/*http://health.yahoo.com">Yahoo! =
Health</A>=20
  - your guide to health and wellness</BLOCKQUOTE></BODY></HTML>

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