Re: [CANSLIM] UCBH

From: "Ann" <annholly@attbi.com>
Subject: Re: [CANSLIM] UCBH
Date: Thu, 15 Aug 2002 21:17:08 -0400
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I see. Thank you.

- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, August 15, 2002 9:15 PM
Subject: Re: [CANSLIM] UCBH


: Ann, I agree if the handle somehow was forming below the midpoint. But
since
: the midpoint was reached first, I go with using that as the trigger point.
: If a handle then forms higher, and I bought using the midpoint, I
reevaluate
: the position to see if I want to continue holding thru a handle forming
: period or just take a short term profit. A lot of that decision then
depends
: on the state of "M", and whether the handle is a sideways moving one (I
: usually would hold) or begins to decline back towards the mid point.
:
: In other words, looking back historically, it's easy to see that a handle
: formed (if you accept its steep decline, or just blame its steepness on
: "M"). But if you were watching it at the time, then the pivot using a
: centerpoint of the "W" was reached first, and would have triggered a buy.
:
: ----- Original Message -----
: From: "Ann" <annholly@attbi.com>
: To: <canslim@lists.xmission.com>
: Sent: Thursday, August 15, 2002 8:46 PM
: Subject: Re: [CANSLIM] UCBH
:
:
: Tom,
:
: Thanks for your thoughts on inst ownership.
:
: Re chart, I, too, thought it was a double-bottom, but with a handle. My
: HTMMIS notes (or maybe I've added to them fr. other sources) say that when
: the W does not have a handle, the pivot is .10 above the midpoint; but
when
: there *is* a handle, the pivot is .10 above the high of the handle.
: That's how I got 42.19, since 42.09 was the high of the handle.
:
: Ann
:
: ----- Original Message -----
: From: "Tom Worley" <stkguru@bellsouth.net>
: To: <canslim@lists.xmission.com>
: Sent: Thursday, August 15, 2002 6:50 PM
: Subject: Re: [CANSLIM] UCBH
:
:
: : Ann, several comments, I already addressed "institutional ownership" in
: : another email just posted, but would add to that I have never seen a
stock
: : with true institutional ownership of 91%, unless the float was a very
: small
: : percent of the total issue (and I would doubt it even then).
Institutional
: : investors want liquidity even more than us retail investors. If I see
this
: : ownership reported this high, I would immediately suspect wrong data,
: either
: : because of a split, new issue, duplicate counting, or some other cause.
: : Mutual fund ownership is high (DGO says 31% of the float of 18.6 million
: : shares), and nr of funds owning has been growing (reported at 143 for
June
: : 02, up from 140 the prior qtr and 119 a year ago). So institutional
: : ownership is going to be high, but no where near 91%.
: :
: : Second, you don't mention the chart pattern that you see. What I get is
a
: : double bottom, with the pivot occurring 7/29 as it passed 10 cents
higher
: : than the mid point of the "W" at a price of 40.05. The more cautious
might
: : have wanted to wait for 7/30 to see if it followed thru. Ironically,
that
: : would have put you into the stock just in time to catch the nearly 8%
: : correction (good example of why this "M" suggests only buying a partial
: : position, if you insist on buying at all).
: :
: : As for the fraud lawsuit loss, I must assume any mental, emotional or
: : financial factors are already priced into the stock. The only issue it
: would
: : have for me is what, if anything, it tells me about the ethics or
honestly
: : of management. DGO says Management owns 5% (vice Yahoo's 1%).
: :
: : ----- Original Message -----
: : From: "Ann" <annholly@attbi.com>
: : To: "CANSLIM Listserv" <canslim@lists.xmission.com>
: : Sent: Thursday, August 15, 2002 8:59 AM
: : Subject: [CANSLIM] UCBH
: :
: :
: : I am trying to do DD, using Yahoo.
: :
: : Looking at chart, I believe that it broke out on 8/12 (pp 42.19). It is
: now
: : at 42.40, which is well within the 2-3% limit that WON advises using
: (above
: : breakout) in this M.
: :
: : On 8/14, it hit a new 52-wk high (42.73).
: :
: : I was trying to do my due diligence, and came across some puzzling
pieces
: of
: : info:
: :
: : Insiders only own 1%, whereas institutions own 91%. Is that worrisome?
: :
: : Also, they just lost a big fraud lawsuit!
: :
: : Sales growth is down, but less so thatn the rest of the industry.
: : EPS quarterly growth is up 28%; annual 23% (if I am doing this right!).
: : Pretax profit margin is 30%; after tax 18%.
: :
: : ROE is 20%.
: :
: : To me the company looks good, the industry is doing well.
: :
: : How significant is that court case?
: :
: : (I'm going for a walk. Hopefully I won't miss my big chance!)
: :
: : Ann
: :
: :
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