RE: [CANSLIM] my first charts

From: "Robin Gridley" <gridley02@earthlink.net>
Subject: RE: [CANSLIM] my first charts
Date: Sun, 3 Nov 2002 19:44:58 -0800
Next Article (by Subject): Re: [CANSLIM] my first charts "Tom Worley"
Previous Article (by Subject): [CANSLIM] Gaps "Robin Gridley"
Next in Thread: Re: [CANSLIM] my first charts "Tom Worley"
Articles sorted by: [Date] [Author] [Subject]
I actually got kicked off the last after year two of lurking... probably
'cause I wasn't contributing anything... The list postings just sortta
stopped showing up! Guess that's what I get for being slow....

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Sunday, November 03, 2002 7:21 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] my first charts


Robin, sorry for the delayed response, my weeks seem only to get longer and
more tiring. And thanks for the intro, wow, a three year lurker finally
coming forward, I think that could be a new record, anyone else want to beat
it??

Some quick comments at least
BSTE - strange chart, kinda a c&h, but a pretty long and drooping handle,
excellent fundies and growth top and bottom line, and forecast to continue
that way for another year. Funds already own 33% however.

EXPD - I like to see at least 20% earnings forecast

FCBP - I don't see this as LLUR, too ranging of a chart.

HLYW - agree on all points, this is the kind of company that benefits both
from the aging population, as well as present economy. Even if the economy
starts to improve, I would think it would help more than hurt

ROOM - on the %age ownership, Management is taken as of the total issue,
while funds and banks are of the float, so the figures cannot be added
together. Yes, the bottom of the cup is deeper than desired, on the other
hand the run up to 70 was from an exaggerated low resulting from 9/11.
Fundies and growth top and bottom are good, altho margins appear volatile
and hard to predict. Ads I have seen on TV look effective, but you can
better judge the marketing effectiveness.

ORLY - look at it on a weekly chart, it is in a steady decline, confirmed by
the trend of both the 50 and 200 dma lines, and now by the RS as well.

PPDI - Group RS improved to 61, so puts it into the bottom of the "B" group,
certainly worth watching for a break over the pivot in the handle

SHFL - Management only owns 4%, but their last four transactions shown were
buys (May - July) and at an excellent price.

UPOX - I am assuming you mean UOPX, Group RS now at 81, so into the low "A"
category, one of the reasons why I disregard group rankings in doing my
screens, I actually like finding pretty charts on companies still in the
Group "E" category.

AMGP - last two quarters poor earnings on higher revenues would kick this
one off my radar immediately, also I don't like companies public for less
than 12 months

Good luck,

- ----- Original Message -----
From: "Robin Gridley" <gridley02@earthlink.net>
To: "CANSLIM" <canslim@lists.xmission.com>
Sent: Thursday, October 31, 2002 4:06 PM
Subject: [CANSLIM] my first charts


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.



- -
- -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.
Go to Jeff Salisbury LWGate Home Page.