Go to Jeff Salisbury LWGate Home Page.From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: [CANSLIM] =?iso-8859-1?Q?Latt=E9s_anyone=3F?=
Date: Wed, 9 Oct 2002 12:42:45 -0500
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I beginning to hear the cries of Smoot/Hartley advocates=85..last time
that tune was sung was, oh, 1929. And by the way, the last time the
DJIA had three consecutive negative years=85.Hitler invaded Poland.
Things can get a lot worse. The power behind Canslim/money management
is to not worry about the first 20% of a rally or last 20% of a decline.
It=92s to wait patiently, sitting on your pile of cash, drinking =
latt=E9s,
watching the neophytes dive into a rally only to be caught again as the
market resumes its downtrend. There may be =93trading=94 opportunities,
APOL, CECO, etc. But for the rest of you, be patient. Enjoy another
latt=E9.
=20
Ed Gjertsen II
ed@macktracks.com
=20
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Rocky Sanghvi
Sent: Wednesday, October 09, 2002 12:32 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Worley's Weekend Weeview
=20
Appreciate everyone=92s comments on this extremely important issue. Its
actually not just the unions =96 the implications are bigger. Each and
every industry in this country eventually is supported in some way by
Manufacturing. Think about it!!! =20
Look at any service industry =96 say Banking or Information Technology
consulting, Insurance or whatever: =20
They provide services either to Manufacturing & related companies
(Suppliers, Distributors) or to people who work in Manufacturing &
related companies. =20
=20
Someone mentioned that we are a Service economy. This in itself is not
possible. Lets try to imagine a country in which the only jobs are
service related. Meaning a Insurance company insuring a Bank. Ok and
how does the bank make money =96 ok I guess from the IT consulting
company. Explore this tree long enough and you realize that at the
bottom of it are the companies that make real, tangible goods. Is
Microsoft a manufacturer? YES absolutely. =20
=20
Can Services be a self funding industry without there being actual
production of any goods? No way. So when I look at the long term
decline in Mfg in this country =96 its really scary stuff. Yeah sure GE
makes a lot of money by outsourcing to China and Mexico and Eastern
europe and therefore makes American stock holders money =96 but the
question is =96 what does outsourcing mfg offshore do to our economy? =
In
effect we are distributing our wealth to nations like China and mexico.
Make no mistake about it =96 manufacturing is a country=92s wealth. =
Whether
its manufacturing software or making widgets manufacturing a tangible
item is what our economy is based on. =20
=20
I cant imagine free trade continuing to work in its present day form.
We will be forced to make some tough decisions =96=20
* Make offshore manufacturer=92s buy our products of our service
industry. =20
* Levy quotas on goods imported for distressed industries
* Levy quotas on making offshore manufacturers to make a certain
quota of goods in the USA. =20
=20
Does this sound xenophobic or gargantuan? Maybe =96 but I don=92t see a =
way
around it. =20
=20
Rocky
=20
=20
=20
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October 08, 2002 4:56 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Worley's Weekend Weeview
=20
Rocky,
Thank you for your comments.=20
My father has been in the transportation industry( trucking ) for 30
years. I have listened to many accounts of manufacturing facilities that
were once shipping freight locally here in Texas move out of the
country, or just go belly up not being able to match foreign prices(
China, and Mexico in particular).
=20
The unions are just tightening the noose around their own necks.
=20
=20
Scott
- -----Original Message-----
From: Rocky Sanghvi [mailto:rs@mylodestar.com]
Sent: Tuesday, October 08, 2002 3:44 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Worley's Weekend Weeview
Scott,
=20
I work extensively with Manufacturing companies throughout the country
and I completely agree with your comments. =20
One of the lessons coming home to roost is that you cant have an economy
based entirely on the Service sector. A society has to MAKE something
tangible to have a thriving economy. =20
=20
Rocky
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October 08, 2002 4:08 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Worley's Weekend Weeview
=20
I don't think the American public has realized the effects of losing our
manufacturing jobs. Thousands of good paying blue collar jobs are
disappearing from our landscape. But I like most everyone else enjoy the
low cost goods that American factories( and Unions ) have priced
themselves out of.
- -----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Sunday, October 06, 2002 10:32 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Worley's Weekend Weeview
ISM (Institute of Supply Management, formerly known as NAPM - Nat'l Assn
of Purchasing Managers) produces two major monthly reports, one on
manufacturing, and one on the service sector. Both reports (indexes)
consist of a number of sub-components, including an employment factor
which is used to measure increase / decrease in actual jobs. Both
reports this week showed that more jobs were being lost in Sept than in
Aug, even tho the service sector report showed a strong gain overall.
For some years now, the manufacturing sector has been losing jobs while
the service sector has been gaining. It's unusual for both to lose jobs,
and dovetails with most other employment data (except for Labor's
reports).
=20
here's CNN's version of the report
http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/index.htm
=20
- ----- Original Message -----=20
From: Ann <mailto:annholly@attbi.com> =20
To: canslim@lists.xmission.com=20
Sent: Sunday, October 06, 2002 11:19 AM
Subject: Re: [CANSLIM] Worley's Weekend Weeview
=20
Tom, can you please explain this paragraph?
=20
Thanks,
=20
Ann
=20
ISM reports that September service sector growth jumped a full 3
percentage points to 53.9%, eighth straight month of growth, and well
over expectations of a gain to 51.4%. As mentioned above, the rate of
layoffs accelerated with the employment factor down to 46.6% from 47.3%,
the 19th straight month of job losses.
=20
=20
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<div class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'>I beginning to hear the cries of =
Smoot/Hartley
advocates…..last time that tune was sung was, oh, 1929.=A0 And by =
the way,
the last time the DJIA had three consecutive negative =
years….Hitler
invaded </span></font><font size=3D2 color=3Dblue><span =
style=3D'font-size:10.0pt;
color:blue'>Poland</span></font><font size=3D2 color=3Dblue><span
style=3D'font-size:10.0pt;color:blue'>.=A0=A0 Things can get a lot =
worse.=A0 The power
behind </span></font><font size=3D2 color=3Dblue><span =
style=3D'font-size:10.0pt;
color:blue'>Canslim</span></font><font size=3D2 color=3Dblue><span
style=3D'font-size:10.0pt;color:blue'>/money management is to not worry =
about the
first 20% of a rally or last 20% of a decline.=A0 It’s to wait =
patiently,
sitting on your pile of cash, drinking latt=E9s, watching the neophytes =
dive into
a rally only to be caught again as the market resumes its downtrend.=A0 =
There may
be “trading” opportunities, APOL, CECO, etc.=A0 But for the =
rest of
you, be patient.=A0 Enjoy another latt=E9.</span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'> </span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'>Ed Gjertsen</span></font><font =
size=3D2
color=3Dblue><span style=3D'font-size:10.0pt;color:blue'> =
II</span></font></p>
<div>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'><a =
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</a></span></font></p>=
<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:
12.0pt'> </span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> =
owner-</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>canslim@lists.xmission.com<=
/span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>
[mailto:owner-</span></font><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
=
10.0pt;font-family:Tahoma'>canslim@lists.xmission.com</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Rocky Sanghvi<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> </span></font><font =
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>Wednesday,
October 09, 2002</span></font><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'> </span></font><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>12:32 =
PM</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> </span></font><font =
size=3D2
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>canslim@lists.xmission.com<=
/span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<div>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Appreciate everyone’s =
comments on
this extremely important issue. Its actually not just the unions =
–
the implications are bigger. Each and every industry in this
country eventually is supported in some way by Manufacturing. =
Think about
it!!! </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Look at any service industry =
– say
Banking or Information Technology consulting, Insurance or
whatever: </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>They provide services either to
Manufacturing & related companies (Suppliers, Distributors) or to =
people
who work in Manufacturing & related companies. =
</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Someone mentioned that we are a =
Service
economy. This in itself is not possible. Lets try to imagine =
a
country in which the only jobs are service related. Meaning =
a
Insurance company insuring a Bank. Ok and how does the bank make =
money
– ok I guess from the IT consulting company. Explore this =
tree long
enough and you realize that at the bottom of it are the companies that =
make
real, tangible goods. Is Microsoft a manufacturer? YES
absolutely. </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Can Services be a self funding =
industry
without there being actual production of any goods? No way. =
So when
I look at the long term decline in Mfg in this country – its =
really scary
stuff. Yeah sure GE makes a lot of money by outsourcing to China =
and
Mexico and Eastern europe and therefore makes American stock holders =
money
– but the question is – what does outsourcing mfg offshore =
do to
our economy? In effect we are distributing our wealth to nations =
like
China and mexico. Make no mistake about it – manufacturing =
is a country’s
wealth. Whether its manufacturing software or making widgets
manufacturing a tangible item is what our economy is based on. =
</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>I cant imagine free trade =
continuing to
work in its present day form. We will be forced to make some tough
decisions – </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-indent:-.25in'><font size=3D3 color=3Dnavy =
face=3DSymbol><span
style=3D'font-size:12.0pt;font-family:Symbol;color:navy'>=B7</span></font=
><font
size=3D1 color=3Dnavy><span =
style=3D'font-size:7.0pt;color:navy'> =
</span></font><font color=3Dnavy><span style=3D'color:navy'>Make =
offshore manufacturer’s
buy our products of our service industry. </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-indent:-.25in'><font size=3D3 color=3Dnavy =
face=3DSymbol><span
style=3D'font-size:12.0pt;font-family:Symbol;color:navy'>=B7</span></font=
><font
size=3D1 color=3Dnavy><span =
style=3D'font-size:7.0pt;color:navy'> =
</span></font><font color=3Dnavy><span style=3D'color:navy'>Levy quotas =
on goods
imported for distressed industries</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-indent:-.25in'><font size=3D3 color=3Dnavy =
face=3DSymbol><span
style=3D'font-size:12.0pt;font-family:Symbol;color:navy'>=B7</span></font=
><font
size=3D1 color=3Dnavy><span =
style=3D'font-size:7.0pt;color:navy'> =
</span></font><font color=3Dnavy><span style=3D'color:navy'>Levy quotas =
on making
offshore manufacturers to make a certain quota of goods in the =
USA. </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Does this sound xenophobic or =
gargantuan?
Maybe – but I don’t see a way around it. =
</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'>Rocky</span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'> </span></font></p>
<p class=3DMsoAutoSig =
style=3D'margin-right:0in;margin-bottom:0in;margin-left:.5in;
margin-bottom:.0001pt'><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy'> </span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> </span></fo=
nt></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Logan, Scott L.<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, October =
08, 2002
4:56 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
'canslim@lists.xmission.com'<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>Rocky,</span></fo=
nt></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'> Thank
you for your comments. </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>My
father has been in the transportation industry( trucking ) for 30 years. =
I have
listened to many accounts of manufacturing facilities that were once =
shipping
freight locally here in Texas move out of the country, or just go belly =
up not
being able to match foreign prices( China, and Mexico in =
particular).</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>The
unions are just tightening the noose around their own =
necks.</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>Scott</span></fon=
t></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'margin-right:0in;margin-bottom:12.0pt;margin-left:
1.0in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Rocky Sanghvi
[mailto:rs@mylodestar.com]<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, October =
08, 2002
3:44 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dnavy
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Scott,</span></fo=
nt></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dnavy
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>I work
extensively with Manufacturing companies throughout the country and I
completely agree with your comments. </span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D3 =
color=3Dnavy
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:navy;font-weight:
bold'>One of the lessons coming home to roost is that you cant have an =
economy
based entirely on the Service sector. A society has to MAKE =
something
tangible to have a thriving economy. </span></font></b></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D3 =
color=3Dnavy
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:navy;font-weight:
bold'>Rocky</span></font></b></p>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Logan, Scott L.<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, October =
08, 2002
4:08 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
'canslim@lists.xmission.com'<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>I don't
think the American public has realized the effects of losing our =
manufacturing
jobs. Thousands of good paying blue collar jobs are disappearing from =
our
landscape. But I like most everyone else enjoy the low cost goods that =
American
factories( and Unions ) have priced themselves out =
of.</span></font></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'margin-right:0in;margin-bottom:12.0pt;margin-left:
1.5in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Tom Worley
[mailto:stkguru@bellsouth.net]<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Sunday, October 06, =
2002
10:32 AM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
Worley's
Weekend Weeview</span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>ISM (Institute of Supply =
Management,
formerly known as NAPM - Nat'l Assn of Purchasing Managers) produces two =
major
monthly reports, one on manufacturing, and one on the service =
sector.
Both reports (indexes) consist of a number of sub-components, including =
an
employment factor which is used to measure increase / decrease in actual
jobs. Both reports this week showed that more jobs were being lost =
in
Sept than in Aug, even tho the service sector report showed a strong =
gain
overall. For some years now, the manufacturing sector has been losing =
jobs
while the service sector has been gaining. It's unusual for both to lose =
jobs,
and dovetails with most other employment data (except for Labor's =
reports).</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>here's CNN's version of the =
report</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'><a
href=3D"http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/in=
dex.htm">http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/i=
ndex.htm</a></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- </span></font></p>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:1.5in;background:#E4E4E4'><b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:
bold'>From:</span></font></b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'> <a href=3D"mailto:annholly@attbi.com"
title=3D"annholly@attbi.com">Ann</a> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Sunday,
October 06, 2002 11:19 AM</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Re:
[CANSLIM] Worley's Weekend Weeview</span></font></p>
</div>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>Tom, can you please explain =
this
paragraph?</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>Thanks,</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>Ann</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>ISM reports that September =
service
sector growth jumped a full 3 percentage points to 53.9%, eighth =
straight month
of growth, and well over expectations of a gain to 51.4%. As mentioned =
above,
the rate of layoffs accelerated with the employment factor down to 46.6% =
from
47.3%, the 19th straight month of job losses.</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
</blockquote>
</blockquote>
</div>
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