Re: [CANSLIM] Rose Colored Goggles?

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] Rose Colored Goggles?
Date: Wed, 21 Aug 2002 12:22:15 -0500
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Katherine,

Thanks for all the charts.  It really helps.  I have a question on Pixar.
I see where you drew the cwh , but in the handle the volume is definitely
not drying up, like we would like to see.  Any explanations on why it is
okay?  (That is not meant as an attack on your view, just curious as to
your reasoning)

MIke

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com


                                                                                                                            
                    "Katherine Malm"                                                                                        
                    <kmalm@earthlink.net>         To:     canslim@lists.xmission.com                                        
                    Sent by:                      cc:                                                                       
                    owner-canslim@lists.xm        Subject:     Re: [CANSLIM] Rose Colored Goggles?                          
                    ission.com                                                                                              
                                                                                                                            
                                                                                                                            
                    08/20/2002 08:38 PM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




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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