Re: [CANSLIM] FTI Consulting FCN

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] FTI Consulting FCN
Date: Thu, 25 Jul 2002 23:15:48 -0400

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maybe I am so tired I am completely brain dead, but don't understand the
comment on the short position. The stock has been up steadily for a long
time, and the short position is now at 9.6 days, up 23% from the last
report, so the total shares short is still growing. That means the shorters
are losing their shirt, not have any profits, as they would on average have
been shorting at lower prices. If they bite the bullet and take their loss,
they are buying, not selling, thus adding to the buy side demand that has
been driving the stock higher.

I do agree that a 40% funds ownership in this market is scary

- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, July 25, 2002 5:52 PM
Subject: Re: [CANSLIM] FTI Consulting FCN


Charley:

     It is a nice looking chart:  The weekly has been in an LLUR for 1½
years
(where the 50 DMA is support), and the daily shows that it broke out of a
flat base today on around 7 times ADV (with the PP being at 37.35).

     I also agree that with the market being as it is, I wouldn't currently
buy even such a powerful looking stock:  Who knows how much staying power
FCN
will have, with the Bear rampaging through the markets.

     One more thing:  DGO shows that funds own 40% of the float.  That would
be too high for me in a bull (I think)-and in a bear it is definitely a
warning signal.  Moreover the short interest ratio is 9.6, which means that
if profits are taken, the stock will plummet (short covering + 40% funds in
the float = NO-NO)

jans


In a message dated 7/25/2002 5:37:38 PM Eastern Daylight Time,
Chazmoore@aol.com writes:

<< his is a nice looking chart with excellent fundamentals. I am afraid to
jump
 in and buy while M is still all over the board, but I was wondering what
 others thought about this stock. Note it is in the same group with MCO
which
 is also doing pretty good. >>

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