Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] PRS
Date: Thu, 29 Aug 2002 23:12:56 -0400
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Mike: PURE RESOURCES (PRS) - - Independent oil company Pure Resources Inc. (PRS) said late on Monday that a special committee of its independent directors will evaluate a previously announced takeover bid from Unocal Corp. (UCL). Shares of Pure Resources closed at $23.25 Monday. - ----- Original Message ----- From: "Mike Gibbons" <mikegibbons@proactech.com> To: <canslim@lists.xmission.com> Sent: Thursday, August 29, 2002 8:56 PM Subject: [CANSLIM] PRS > This stock showed up on my lists today having formed a 5 day handle after a > dramatic 30% price gain on 8/21. > > My Canslim Evaluator turned up some surprizing fundamentals such as 151% > compound EPS growth over 3 years but an EPS of -65% for the most recent > quarter. Institutional ownership is supposedly only 25%. > > Does anyone have an explanation for the strange EPS nos. and recent price > hike? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > Sent: Thursday, August 29, 2002 12:34 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Ernie's Forecasts > > > Mike, > > Fair question. And I apologize (to all) for going so far "out in the > woods." It's a soap box I carry with me every where I go<G> > > Norm > ----- Original Message ----- > From: "Mike Gibbons" <mikegibbons@proactech.com> > To: <canslim@lists.xmission.com> > Sent: Thursday, August 29, 2002 5:28 PM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > My point was simply to say that there is a plausible explanation for the > > occurance of fibonnaci numbers all around us in nature, and to ask the > > question: Is there a plausible explanation for the occurance of fibonacci > > series in stock market waves? > > > > Aloha, > > > > Mike Gibbons > > Proactive Technologies, LLC > > http://www.proactech.com > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > Sent: Thursday, August 29, 2002 12:17 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > I agree David, Mike, that mathematicians and statisticians can find all > > sorts of "correlations" in nature. And, I am also fascinated by these > > little "Easter eggs", to use a programmers phrase for "hidden goodies". > But > > correlation, by definition, does not infer a cause & effect relationship. > > And, I know first hand that if these little circumstances are not > > scrutinized VERY carefully and OBJECTIVELY, then even very intelligent > folks > > can come the wrong conclusion. Plus, there are other variables that can > > affect species in nature besides inheritance. With that, I think I may > have > > come to end of my own intelligence on the matter (did I hear applause<G>), > > and we are waaaayyyyy OT now. Thanks for y'alls (yep, I'm from TX) input. > > > > Norm > > ----- Original Message ----- > > From: "David Taggart" <dctag@mavericktrading.com> > > To: <canslim@lists.xmission.com> > > Sent: Thursday, August 29, 2002 4:58 PM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > Norm, > > > > > > Fibonacci ratios are found throughout nature. > > > http://www.brooksdesign-ps.com/Code/Html/godna2.htm also check out The > > > Elliot Wave Theory by Frost it talks a lot about Fib ratios. That being > > > said I dont use them much. > > > > > > David > > > > > > > > > > > > > > > Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > > Sent: Thursday, August 29, 2002 3:14 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows<G> The investors.com chart shows a > > low > > > of 911.06. I know that sometimes there are trades that confound the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > > this > > > Trekker to consider<G> My ecology understanding dictates that genes > > survive > > > by increasing the reproductive success of the species. Now I can think > > > "outside of the box" as good as the next scientist, but this one doesn't > > > seem to be in the same room with the box<g> Looks like an observation > has > > > been made, now you have postulated a theory, who's gonna test it<G> > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" <mikegibbons@proactech.com> > > > To: <canslim@lists.xmission.com> > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > them > > > > have certainly been on the money and within what I would consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > Einstein had about the uncertainty principal - without a rational > > > > explanation for why it works (if it does reliably), its hard to > believe > > in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > > because > > > > they could be somehow encoded in DNA, but I have a hard time seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put any > time > > > into > > > > trying to understand the causal connection and my comments are based > > > largely > > > > on ignorance. If any member of the group can explain a possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > Aloha, > > > > > > > > Mike Gibbons > > > > Proactive Technologies, LLC > > > > http://www.proactech.com > > > > > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot<G>) off topic, but is interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > > has > > > > apparently called this one perfectly. He predicted a turn window or > > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > > working. > > > > For those of you who are not subscribed I copied last nights forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a whisker of > the > > > > 910-913 target range, and both of my short term cycle indicators are > > > > suggesting that a turn is imminent. While the next target level of > > 876-884 > > > > is still a possibility, at this point I would have to say that it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > > termination of this short term down move. The most likely scenario for > > > > tomorrow would be a move slightly lower into the target range or just > > > below > > > > before the market terminates the move, and begins to go higher. The > > second > > > > most likely scenario is that the market will open higher and continue > to > > > > move higher from there. And the third most likely scenario would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > > likely > > > > to go much lower, until we see the turn confirmation signal this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > ____________________________________________________________________________ > > > > For your protection, this e-mail message has been scanned for viruses. > > > > Visit us at http://www.neoris.com/ > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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