Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM]CCRN & USPI
Date: Sun, 5 May 2002 12:54:32 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_017A_01C1F434.008557A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Harvey, Just a quick note on U/D ratio.....it's based on 50 days, so that would = explain it. Katherine ----- Original Message -----=20 From: Harvey Brion=20 To: canslim@lists.xmission.com=20 Sent: Sunday, May 05, 2002 12:50 PM Subject: Re: [CANSLIM]CCRN & USPI Re CCRN, technically, the midpoint of the cup is 28.85 and the = midpoint of the handle is 29.18 so it meets WON's criteria of being in the top half of the cup. Yes, the handle's too jagged for my taste. Also, the cup bottoms at 24.75 then dips again to 25.52. Ideally, you'd like to see these two dips in the opposite order with the price dropping to its lowest level just before starting up the right side of the cup. A little volatile but that's not unusual in a recent IPO. All that said, it looks like a pretty good candidate to me. In = general, good price/volume action since starting up the right side of the cup, = up on high volume, down on lower volume. Should have easy EPS = comparisons over the next two quarters. Other numbers look pretty good, except = ROE of 7%. Earnings report on 5/8 so I'd be a little careful right now. I like to buy on pullbacks and it left a small gap at 29.20 and a = larger one at 30.60, so I'd consider a buy limit at the breakout (30.70) or = at one of the two gaps. I often get conservative and miss the buy with this tactic but when I get in at the lower price I rarely need a stop loss. Regarding the business, competition, etc., DGO lists RMCI in the same group but it doesn't appear to be in the same business. Hoover's = lists AHS, G T I V AND RHB as chief competitors. RHB not a contender and I like CCRN's numbers better than the other two. Just noticed DGO shows CCRN's up/down volume ratio as only 0.6 which I don't understand with the recent price/volume action - maybe because = of the high volume down days of 3/21 and 3/22, before it started up the right side of the cup. Winston Little wrote: > On CCRN you mention that formation was poor.Is that because the = handle > extended BELOW the 50% point of the cup and was also jagged in = price? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_017A_01C1F434.008557A0 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 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Harvey,</DIV> <DIV> </DIV> <DIV>Just a quick note on U/D ratio.....it's based on 50 days, so that = would=20 explain it.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dhbrion@ieee.org href=3D"mailto:hbrion@ieee.org">Harvey = Brion</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, May 05, 2002 = 12:50 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM]CCRN = &=20 USPI</DIV> <DIV><BR></DIV>Re CCRN, technically, the midpoint of the cup is 28.85 = and the=20 midpoint<BR>of the handle is 29.18 so it meets WON's criteria of being = in the=20 top<BR>half of the cup.<BR><BR>Yes, the handle's too jagged for my=20 taste. Also, the cup bottoms at<BR>24.75 then dips again to = 25.52. =20 Ideally, you'd like to see these two<BR>dips in the opposite order = with the=20 price dropping to its lowest level<BR>just before starting up the = right side=20 of the cup. A little volatile<BR>but that's not unusual in a = recent=20 IPO.<BR><BR>All that said, it looks like a pretty good candidate to = me. =20 In general,<BR>good price/volume action since starting up the right = side of=20 the cup, up<BR>on high volume, down on lower volume. Should have = easy=20 EPS comparisons<BR>over the next two quarters. Other numbers = look pretty=20 good, except ROE<BR>of 7%. Earnings report on 5/8 so I'd be a = little=20 careful right now.<BR><BR>I like to buy on pullbacks and it left a = small gap=20 at 29.20 and a larger<BR>one at 30.60, so I'd consider a buy limit at = the=20 breakout (30.70) or at<BR>one of the two gaps. I often get = conservative=20 and miss the buy with<BR>this tactic but when I get in at the lower = price I=20 rarely need a stop<BR>loss.<BR><BR>Regarding the business, = competition, etc.,=20 DGO lists RMCI in the same<BR>group but it doesn't appear to be in the = same=20 business. Hoover's lists<BR>AHS, G T I V AND RHB as chief=20 competitors. RHB not a contender and I<BR>like CCRN's numbers = better=20 than the other two.<BR><BR>Just noticed DGO shows CCRN's up/down = volume ratio=20 as only 0.6 which I<BR>don't understand with the recent price/volume = action -=20 maybe because of<BR>the high volume down days of 3/21 and 3/22, before = it=20 started up the<BR>right side of the cup.<BR><BR>Winston Little=20 wrote:<BR><BR>> On CCRN you mention that formation was poor.Is that = because=20 the handle<BR>> extended BELOW the 50% point of the cup and was = also jagged=20 in price?<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_017A_01C1F434.008557A0-- - - - -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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