Re: [CANSLIM] Home Depot

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Home Depot
Date: Tue, 20 Aug 2002 22:57:32 -0400

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Hermann, I am not sure if you are trying nicely to be difficult, or just
don't get the point. My comment is again focused on "M", as I noted in my
post, LOW was credited yesterday with a part of the reason for the rally.
Reason? They substantially beat estimates. Today, same group, HD well beat
estimates. Both are benefiting from the strong housing market, both new and
used homes (when is the last time you knew anyone to buy a house new to
them, and not go out and buy stuff for it??). Both companies had strong
sales growth as well, which speaks to consumer sentiment and willingness to
spend in a much more substantial way than the polls. After all, this is
measured in real money in the till.

Their group has an RS rating of 86, so may also be signaling signs of
leadership.

If you don't like what I post, then I strongly suggest you set up a mail
filter and send my posts to your trash can.

- ----- Original Message -----
From: "Hermann Ertl" <hertl@attglobal.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 20, 2002 12:05 PM
Subject: Re: [CANSLIM] Home Depot


> From: "Tom Worley" <stkguru@bellsouth.net>
> Date: Tue, 20 Aug 2002 08:14:05 -0400
>
> HD reported this morning, like Lowe's showing excellent growth with
earnings
> up 28% (3 cents ahead of forecasts) and sales up 12%. Shouldn't be a
> surprise, given all the new home owners, but Lowe's is being credited with
> yesterday's rally in part. Let's see if HD can take care of Tuesday.


At what stage in its chart patterns is HD?



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