Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <zillagirl@msn.com>
Subject: Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection)
Date: Mon, 12 Aug 2002 16:56:58 -0700
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Kelly-catching up on myt mail also-I thought your presentation was really
good-I wish I was that far right now. Can you tell me where you got your
info? IBD? Daily Graphs? Other source? Thanks nancy
>From: "Duke Miller" <dukemill@tampabay.rr.com>
>Reply-To: canslim@lists.xmission.com
>To: <canslim@lists.xmission.com>
>Subject: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for
>dissection)
>Date: Sun, 11 Aug 2002 09:33:54 -0400
>
>Winston, et al:
>
>I'm catching up with my backlog of CANSLIM list messages, and a thought
>just occurred to me after reading Winston's reply to Kelly below. (Sans
>header I would have surely assumed it was Katherine's response!)
>
>Your point #4 is a true Pearl of Wisdom--I.e., it provokes further
>thought, and is what I call an "a-ha". The reason? How bombarded we
>are with information and desktops riddled with shortcuts to investment
>net "tools." But when it's all said and done--technicals,
>fundamentals, charts, ratings, etc.--spending time in thought about how
>will the rest of the market...react to the point or issue and how
>soon--is what it's all about, isn't it? You can't measure it, you can
>accurately predict it, can't touch it, can't feel it. But if the
>response to that question is not, albeit in you gut, positive, you
>shouldn't touch it, should you?
>
>Thank you for that.
>
>Duke
>
>
> -----Original Message-----
>From: owner-canslim@lists.xmission.com
>[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little
>Sent: Friday, August 09, 2002 12:15 PM
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] CCR - I offer this up for dissection
>
>
>
>Kelly:
>My hope is that the note was of some help, but please keep the following
>in mind:
>1. The goal is neither to whip or throw you back into the pond.
>2. ALWAYS QUESTION anything that is said or stated.... do you agree with
>the point or issue stated or asked?
>3. If you agree with the point, then is what is the significance of the
>point or issue? The point may be true but of little value.
>4. How will the rest of the market traders/investors/or others react to
>the point or issue, and how soon?
>Depending on the results of the evaluate the points above (or others),
>you may then want to respond and show the other person a different
>perspective.
>
>
>----- Original Message -----
>From: Kelly Short <mailto:kelly.short@tx.us.neoris.com>
>To: canslim@lists.xmission.com
>Sent: Friday, August 09, 2002 11:22 AM
>Subject: RE: [CANSLIM] CCR - I offer this up for dissection
>
>Winston,
>
>You give me new understanding of DD. After reading your email I whip
>myself for not investigating further before posting. Back to the newbie
>pond for me. I feel like those Snakehead fish in Maryland- so close to
>making it from the pond to the big river, then the big bad human ("M")
>comes and throws me back in the pond. Thanks for your observations- I'll
>keep hacking away.
>
>Kelly
> -----Original Message-----
>From: Winston Little [mailto:wlittle1@peoplepc.com]
>Sent: Thursday, August 08, 2002 4:31 PM
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] CCR - I offer this up for dissection
>
>
>
>Kelly:
>A few comments:
>1. Chart pattern:
>If cup-with handle (start 27 May, end 01 Aug) then the shape is V-Cup
>which is not ideal.
>2. Handle is 2 days long (minimum desired is five days) on 03 and 05
>Aug.
>3. Heavy volume in handle (again undesirable)
>4. Breakout volume on 06 Aug was 166% of average daily = ok.
>5. Debt to equity ratio = 4.3 This may be a bit high, as others in the
>top five of the IBD group were at 0.98, 0.18 and 0.83. The one exception
>was the government sponsored agency FRE (Freddie Mac) at 31.
>6. Largest concern was roll off in revenue in Q2 of 2002 to $$998
>million, was $1233 in Q1, N/A in Q4 of 200, $1272 in Q3 of 2001, $1234
>in Q2 of 2001 etc. Surprisingly the eps reported in Q2 of 2002 was
>highest at $1.48 up from $1.32 in Q1 of 2002. Does this imply there may
>be a re-statement in the works as day of reckoning approaches for CEO
>and CFO?
>CCR is believed to be a sub-prime lender. Does this mean difficulty as
>the slow economy persists and consumers start to run out of cash?
>
>----- Original Message -----
>From: Kelly Short <mailto:kelly.short@tx.us.neoris.com>
>To: canslim@lists.xmission.com
>Sent: Thursday, August 08, 2002 4:50 PM
>Subject: [CANSLIM] CCR - I offer this up for dissection
>
>CCR - Countrywide Cr Inds Inc
>
>EPS growth could be better but are we more forgiving over the past 3
>qtrs (after all- CCR is positive EPS growth for past 3 qtrs which in
>itself is an accomplishment)? Appears to be coming out of CWH formation
>(all though not as beautiful a formation as the Mona Lisa or anything
>IBD would show us). Thoughts?
>
>
>IBD Ratings
>Smart Select 99
>EPS Rating 94
>RPS 89
>Industry Group Rank A
>S+P M+ROE A
>A/D A+
>
>
>Technical Rating 98
>Fundamental Rating 96
>Attractiveness Rating 99
>Group's Technical Rating 79
>Group's Fundamental Rating 86
>
>
>
>Rank within Industry Group
>Industry Rank (08/08/02) 32
>
>Overall 100
>Technical 100
>Fundamental 91
>Attriveness 100
>Top 5 Companies w/in Group
>
>
>
>CCR
>
>
>
>DORL
>
>
>
>NCEN
>
>
>
>NDE
>
>
>
>FRE
>Group % Chg to Date 2%
>Group % Chg Last 12 mths 4%
>Group % Chg Last 4 weeks 4%
>
>
>Performance
>
>Up/Down Vol 1.3
>3 Yr. EPS Growth 16%
>3 Yr. Sales Growth 25%
>EPS Growth (Quarterly) % Chg
>Qtr -1 $0.64 5%
>Qtr -2 $0.61 8%
>Qtr -3 $0.56 5%
>Qtr -4 $0.53 8%
>Qtr -5 $0.49 0%
>Qtr -6 $0.49
>
>Revenue Growth
>Qtr -1 293,159 3%
>Qtr -2 285,799 1%
>Qtr -3 283,199 1%
>Qtr -4 281,332 3%
>Qtr -5 272,860 0%
>Qtr -6 272,489
>
> _____
>
>For your protection, this e-mail message has been scanned for viruses.
>
>Visit us at http://www.neoris.com/
>
> _____
>
>
>
>
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