[CANSLIM] PRS

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: [CANSLIM] PRS
Date: Thu, 29 Aug 2002 14:56:36 -1000
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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
> > >
> > >
> > >
> > > -
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> > >
> >
>
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