[CANSLIM] my first charts

From: "Robin Gridley" <gridley02@earthlink.net>
Subject: [CANSLIM] my first charts
Date: Thu, 31 Oct 2002 13:06:33 -0800

Next Article (by Subject): Re: [CANSLIM] my first charts Spencer48@aol.com
Previous Article (by Subject): [CANSLIM] GTK michael_niemotka@baxter.com
Next in Thread: Re: [CANSLIM] my first charts Spencer48@aol.com
Articles sorted by: [Date] [Author] [Subject]

FOA... Thanks for all the input on resources. Was much 
appreciated.

I'm listing some charts below that appear to my novice eye
as being of interest. This is only based on what I can see
from the charts (... and I'm not putting ANY of my money
into ANYTHING based on those nascent skills at this point...)
But since there isn't a lot of traffic on the board, I figured
I might as well put them out there if only to get reasons
why they aren't good candidates...

BSTE Biosite
GROUP RS 90, EPS Rank 75 (not great) B/B/A, 31%F/15%M (would
prefer M to be higher) Looks to me like a cup trying to make
a handle. >50%+ on last run. Volume dried up on handle and then
almost hit pivot point.

EXPD Expeditors
Is this a cup? +20% on last advance. 28.3% between L and bottom
of base. EPS 88, RS 86 B/B/A. The Group RS is 50 (Not sure how
much I should care about that...) and Mgmt only owns 5%, with F
at 33%. But it looks to me like it's forming a nice R to the 
cup.

FCBP
I think this is an LLUR. Don't know what to do with those yet.
But with Group RS 95, EPS 88, A/B/A, RS of 90, Mgmnt 36% with
continued insider acquisitions I thought it was worth a look.
Now if I can just figure out if that's a really, really, really
long handle.....

HLYW Hollywood Entertainment
A cup that I think is now trying to make a handle. +20% on last
run. Above 200DMA. Volume drying up on handle. Group RS 85, A/A
12%M and 30%F. EPS Rank 80. I think I should like this one.

ROOM Hotels.com
Cup. B/B/A, EPS 96, Growth +166%. Mgmnt 49% & Funds 46%. RS increasing,
59.4% on last major runup. Should I be concerned that base is 49%
below L on cup and Group RS is 53? Also... According the DGO chart
I'm looking at... Funds have 46%, Banks 10%, and Mgmt 49%... Okay,
I know I'm only a marketing guy but doesn't that make the pie a little
too big?

ORLY
I like this one two weeks ago. It had a cup then... I promise... But
what is it now the handle seems to have gone all funky?
Group RS 91,  B/B/A EPS 95

PPDI
Cup consolidating into handle? Fundamentals look good to me except
that pesky group RS thing again (34%) Should that be enough to knock
out a stock that is otherwise A/B/A, EPS 99% and a 32% growth rate?

SHFL 
Cup making handle. A/A/A, 91EPS and RS95. Group RS 80. But management
only owns 4%.

UPOX
Cup with handle trying to break pivot. A/A/A 99EPS. RS95 but declining
a little bit. Concerns - Group RS of 53 (DGO should really leave this
number out of their charts... it keeps messing up my otherwise nice
investment options....) and only 2% Management.

AMGP
Cup with handle? Group RS 98, EPS 81, A/B/A F34% M42%, Volume was
declining in handle, good growth, nice run up before L of cup.

Any comments (except 'what are u smoking?') would be very much
appreciated.

And finally... not to be rude, since this is my first real post, a brief
introduction. Been in marketing for 18 years, but have an Economics
and Accounting background. Cut my teeth at Apple Computer
with the launch of the Macintosh. Now with a media wholesaler. My
investing has been limited to watching my Fidelity 401K funds get
smaller. In addition to HTMMIS also read Grahams Value Investing book
and Murphy's Technical Analysis (which I slept through twice and STILL
can't get the study guide questions right....) Have bitten the bullet
and subscribed to IBD, 'though I still prefer WSJ for non-chart content.
I like bicycles, lawn gnomes and long walks on the beach, and have lurked
on this board for almost 3 years now.

Robin





- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.