Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Worley's Weekend Weeview
Date: Sun, 5 May 2002 09:25:21 -0400
Previous Article (by Subject): Re: [CANSLIM] UOPX "Tom Worley"
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This is a multi-part message in MIME format. - ------=_NextPart_000_0033_01C1F416.C79BD120 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0034_01C1F416.C79BD120" - ------=_NextPart_001_0034_01C1F416.C79BD120 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable KINDA ECONOMICS Consumers hit a five year high with late payments on credit cards. = Losses from uncollectable debt hit an 11 year high (maybe why EPIQ = starting to perk up a little, bankruptcy cases are not going away). But = growth in credit card debt slowed sharply in the first two months, = apparently as many took advantage of low home equity loans and mortgage = rates to refinance and pay off high interest rate cards.=20 - -------------------------------------------------------------------------= - ------- REAL ECONOMICS Both personal spending and personal savings grew by 0.4% in March, about = even with expectations, and below February's level. Consumer confidence fell to 108.8 in March from a revised 110.7 in Feb, = but still ahead of expectations of 107.5. Perception of current economic = conditions was the primary cause for the slide, but future expectations = remained virtually unchanged. Orders for goods made in USA for February was revised upward from = negative, to a positive 0.2%, while the initial report for March came in = at plus 0.4%. Expectations were for an "unchanged" March report. Well, months ago they said it would happen, and it did. Unemployment = hits 6%, expectations were for a rise to 5.8% from 5.7%. Not that much = of a surprise, given the recent rise in job cuts announcements. And = that's with a gain of 43,000 new jobs (expectations were for a gain of = 60K). People are coming back into the labor pool faster than jobs are = being created, simply put. Likely that the unemployment rate will rise = even higher as this slow growth economy chugs along. - -------------------------------------------------------------------------= - ------- WORLEY'S WATCHLIST WANNABES As always, I will mention specific basing formations, such as c&h, = double bottoms, or non-CANSLIM ones like LLUR (Lower Left Upper Right) = or flat line bases (marked as Bx where x indicates the number of weeks = IMO). Most stocks in this list will have both RS and EPS of 80 or = better, and be close to their 12 month high. I try to glance at the = earnings forecast, and eliminate any less than 20% for this year, but do = no other due diligence.=20 The population of stocks I am reviewing this weekend exceeds 300 and = appears stable in numbers. While most stocks making this review are well = extended, more are now showing up making a short flat line base, or the = LLUR pattern is emerging. AG - trying to break thru resistance at the pivot of 23.70, boring = company, great earnings forecast AMSG - long saucer? CTSH - c&h FCFS - B2 FFFL - LLUR?? FRED - LLUR GFF - LLUR GLG - LLUR GTK - B3 HET - B2 IMN - B3 JILL - B3 JJSF - B3+ LE - continues to try to break thru resistance, lot of insider selling MCL - steep LLUR MHK - nice c&h, 2 week handle, volume dropping nicely MTH - nice consolidation NDN - b/o from decent c&h on volume, past pivot, within 5% OCAS - LLUR OCLR - B2, smooth chart PCIS - ragged cup, strong earnings forecast PETM - LLUR continues, strong earnings forecast for '03 PORT - LLUR RAH - LLUR RYAN - LLUR SVU - LLUR? TASR - microcap, consolidation base, own and in my VR Fund, EPS 79 WGO - B4- Happy Hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_001_0034_01C1F416.C79BD120 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2715.400" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial><STRONG>KINDA ECONOMICS</STRONG></FONT></DIV> <DIV><FONT face=3DArial>Consumers hit a five year high with late = payments on=20 credit cards. Losses from uncollectable debt hit an 11 year high (maybe = why EPIQ=20 starting to perk up a little, bankruptcy cases are not going away). But = growth=20 in credit card debt slowed sharply in the first two months, apparently = as many=20 took advantage of low home equity loans and mortgage rates to refinance = and pay=20 off high interest rate cards.</FONT>=20 <HR> </DIV> <DIV><FONT face=3DArial><STRONG>REAL ECONOMICS</STRONG></FONT></DIV> <DIV><FONT face=3DArial>Both personal spending and personal savings grew = by 0.4%=20 in March, about even with expectations, and below February's = level.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Consumer confidence fell to 108.8 in March from = a revised=20 110.7 in Feb, but still ahead of expectations of 107.5. Perception of = current=20 economic conditions was the primary cause for the slide, but future = expectations=20 remained virtually unchanged.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Orders for goods made in USA for February was = revised=20 upward from negative, to a positive 0.2%, while the initial report for = March=20 came in at plus 0.4%. Expectations were for an "unchanged" March=20 report.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Well, months ago they said it would happen, and = it did.=20 Unemployment hits 6%, expectations were for a rise to 5.8% from 5.7%. = Not that=20 much of a surprise, given the recent rise in job cuts announcements. And = that's=20 with a gain of 43,000 new jobs (expectations were for a gain of 60K). = People are=20 coming back into the labor pool faster than jobs are being created, = simply put.=20 Likely that the unemployment rate will rise even higher as this slow = growth=20 economy chugs along.</DIV> <DIV> <HR> </DIV> <DIV><STRONG>WORLEY'S WATCHLIST WANNABES</STRONG></DIV> <DIV>As always, I will mention specific basing formations, such as = c&h,=20 double bottoms, or non-CANSLIM ones like LLUR (Lower Left Upper Right) = or flat=20 line bases (marked as Bx where x indicates the number of weeks IMO). = Most stocks=20 in this list will have both RS and EPS of 80 or better, and be close to = their 12=20 month high. I try to glance at the earnings forecast, and eliminate any = less=20 than 20% for this year, but do no other due diligence.=20 <DIV> </DIV> <DIV>The population of stocks I am reviewing this weekend exceeds 300 = and=20 appears stable in numbers. While most stocks making this review are well = extended, more are now showing up making a short flat line base, or the = LLUR=20 pattern is emerging.</DIV> <DIV> </DIV> <DIV>AG - trying to break thru resistance at the pivot of 23.70, boring = company,=20 great earnings forecast</DIV> <DIV>AMSG - long saucer?</DIV> <DIV>CTSH - c&h</DIV> <DIV>FCFS - B2</DIV> <DIV>FFFL - LLUR??</DIV> <DIV>FRED - LLUR</DIV> <DIV>GFF - LLUR</DIV> <DIV>GLG - LLUR</DIV> <DIV>GTK - B3</DIV> <DIV>HET - B2</DIV> <DIV>IMN - B3</DIV> <DIV>JILL - B3</DIV> <DIV>JJSF - B3+</DIV> <DIV>LE - continues to try to break thru resistance, lot of insider=20 selling</DIV> <DIV>MCL - steep LLUR</DIV> <DIV>MHK - nice c&h, 2 week handle, volume dropping nicely</DIV> <DIV>MTH - nice consolidation</DIV> <DIV>NDN - b/o from decent c&h on volume, past pivot, within = 5%</DIV> <DIV>OCAS - LLUR</DIV> <DIV>OCLR - B2, smooth chart</DIV> <DIV>PCIS - ragged cup, strong earnings forecast</DIV> <DIV>PETM - LLUR continues, strong earnings forecast for '03</DIV> <DIV>PORT - LLUR</DIV> <DIV>RAH - LLUR</DIV> <DIV>RYAN - LLUR</DIV></DIV> <DIV>SVU - LLUR?</DIV> <DIV>TASR - microcap, consolidation base, own and in my VR Fund, EPS=20 79</DIV></FONT> <DIV><FONT face=3DArial>WGO - B4-</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Happy Hunting,</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial><IMG alt=3D"" hspace=3D0=20 src=3D"cid:003201c1f438$4ea64530$9300a8c0@TOMSBOX" align=3Dbaseline=20 border=3D0></FONT></DIV> <DIV><FONT face=3DArial>Tom Worley<BR></FONT><A=20 href=3D"mailto:stkguru@bellsouth.net"><FONT=20 face=3DArial>stkguru@bellsouth.net</FONT></A><BR><FONT face=3DArial>AIM: = TexWorley</FONT></DIV></BODY></HTML> - ------=_NextPart_001_0034_01C1F416.C79BD120-- - ------=_NextPart_000_0033_01C1F416.C79BD120 Content-Type: image/gif; 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