Re: [CANSLIM] Rose Colored Goggles?

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Rose Colored Goggles?
Date: Tue, 20 Aug 2002 20:38:39 -0500

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Hi jans,

I don't think you're going to get a "perfect" CANSLIM stock in all respects
coming out of such a severe Bear. Whether or not the rally has legs, there
are stocks actually working these days. The breakouts and subsequent action
are a bit tentative, but these stocks have been working.  I made
some quick annotations on the stocks you mentioned just for some
prespective. Can't fault any of them from a longer term point of view. Good
news is there are another 50 set up right behind them. Now *that's*
something that's grabbed my attention.

http://WallStreet-LLC.com/canslim/AMSG082002.jpg
http://WallStreet-LLC.com/canslim/BYD082002.jpg
http://WallStreet-LLC.com/canslim/PIXR082002.jpg
http://WallStreet-LLC.com/canslim/HRB082002.jpg
http://WallStreet-LLC.com/canslim/MCO082002.jpg

Other recent break outs of decent stocks include: FCN, WTW, APOL, CVH, XRAY,
AMFH, HBHC, BLUD, JASA, CSTR, JCOM, NWRE, NYCB, DORL.

I'd sure love to see good quality stocks breaking out at 5 or 10 a
day....but time will tell.

Katherine

- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 20, 2002 7:44 PM
Subject: [CANSLIM] Rose Colored Goggles?


| Canslimmers:
|
|      This is a passage from Wednesday's. Big Picture:
|
| "Despite the skittishness, emerging leaders performed well.
|
| Moody's (MCO) broke out of an eight-week base. The bond-rating stock
popped
| up 1.08 to 50.78. Volume expanded 53% above normal. Moody's most recent
| consolidation isn't as tight as its January-to-April base, which led to a
24%
| gain. But the company's fundamentals still look good. Moody's grew profit
44%
| in the latest quarter as sales rose 32%.
|
| H&R Block (HRB) followed through on Friday's breakout. The tax stock
rallied
| 1.80 to 53.15 in above-average volume. The company's fundamentals are a
| little lumpy, given the once-a-year nature of the tax business. But it
still
| scores a 95 Earnings Per Share Rating. That means its growth is better
than
| 95% of stocks on the market.
|
| Boyd Gaming (BOYD) resumed its breakout late in the session. The stock
added
| 0.62 to 16.68. Volume swelled 138% above its 50-day average.
|
| Pixar (PIXR) marched higher for the fifth day in a row. The animated
feature
| producer has gained almost 15% since charging past its pivot point at
44.30
| on Aug. 14.
|
| AmSurg (AMSG), which hit its first new high in 2 1/2 months on Monday,
pulled
| back 1.03 to 32.02. Volume for the outpatient clinic stayed heavy."
|
|      THESE ARE CONSIDERED THE LEADERS BY IBD????  Only AMSG has decent
| earnings and sales.  Its formation is nice, but its RS-line (not the
rating)
| is lower than its previous price high.  All the others have lousy earnings
| and some have lousy charts in addition to lousy earnings.
|
|      Moreover, I get the impression that IBD feels that we are in a rally.
| However, when you look at the major indexes (Dow, NASDAQ, Russel 2000, S&P
| 500 and 600) all of them have RS lines going lower as they roll higher.
So
| if this is a rally, I don't think it will last too long.
|
|     This is just my opinion, but it would be nice if IBD and/WON addressed
| these divergences.  My impression is that IBD/WON wants a rally so much
that
| their wishes are father to the reality.
|
|      Am I wrong?  Katherine and Tom-or anyone who cares to comment-how do
you
| see the big picture?
|
| jans
|
|
|
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