Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] CANSLIM for sourcing shorts
Date: Thu, 2 May 2002 09:11:05 -0400
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Hi Ian, Aside from funds owning 59%, I see nothing wrong with the fundies on this one. Not sure why you think it is over valued. And industry group is A as well. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message ----- From: "Ian" <ianstm@shaw.ca> To: <canslim@lists.xmission.com> Sent: Wednesday, May 01, 2002 5:16 PM Subject: [CANSLIM] CANSLIM for sourcing shorts Often, I keep a small list of 'CANSLIM' darlings as potential short candidates - usually things with average balance sheets and huge valuations. One of those that has been on my list for a while is PFCB. In the last couple of weeks, PFCB has had 4 exceptional volume days without any meaningful advance - even though each day was 'green'. IMHO, that is the distribution that I have been looking for. I have a short here in the high $72's, that I will stop out if it goes through $74.50 from here. WIth a split upcoming, it is easily possible that I get stopped out - but I am risking just 1 1/2 points, and my reward could be 20 points +. PFCB trades at what I consider an extremely high valuation, given their cash generation, in a capital intensive business. If I had been long the stock, I would have taken the recent advanceless volume days as sell signals. We'll see. Ian - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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