Go to Jeff Salisbury LWGate Home Page.From: "rchodes" <rchodes@charter.net>
Subject: [CANSLIM] SFCC
Date: Mon, 11 Nov 2002 19:30:31 -0800
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This is a multi-part message in MIME format. - ------=_NextPart_000_0023_01C289B8.CC1F8240 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable For those of you who believe in a low handle breakout, you might want to = take a look at SFCC. This stock was mentioned in IBD over a year ago = when the price increased in a parabolic manner to over $30/share. Since = then, it's corrected strongly, largely due to deceleration in earnings = and revenues per share due to share dilution from secondary offerings = and to the fact that it went up too high too fast. In recent quarters, = fundamentals are picking up again. I'm not sure how to describe the chart except to say that it hit a low = of $7.80 and has basically traded sideways from AUG-late OCT with = resistance at $12. It broke through the $12 mark (low handle breakout) = on Oct 28 on average volume but the volume has exploded since the = company announced stellar results for their 3rd quarter on Nov 6th. = Revenue for the 3rd quarter increased 118% compared to a year ago and = net income per share increased from .17 fully diluted to .30 fully = diluted. From a strict CANSLIM perspective, it's too early to purchase this stock = as it's still building the right side of the cup. But if you believe in = low handle breakouts, the price and volume action is pretty exciting. = It's the only stock that I own that has gone up on high volume over the = last week. Bob Hodes - ------=_NextPart_000_0023_01C289B8.CC1F8240 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2719.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>For those of you who believe in a low = handle=20 breakout, you might want to take a look at <STRONG>SFCC</STRONG>. = This=20 stock was mentioned in IBD over a year ago when the price increased in a = parabolic manner to over $30/share. Since then, it's corrected = strongly,=20 largely due to deceleration in earnings and revenues per share due to = share=20 dilution from secondary offerings and to the fact that it went up too = high too=20 fast. In recent quarters, fundamentals are picking up = again.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>I'm not sure how to describe the chart = except to=20 say that it hit a low of $7.80 and has basically traded sideways from = AUG-late=20 OCT with resistance at $12. It broke through the $12 mark (low = handle=20 breakout) on Oct 28 on average volume but the volume has exploded since = the=20 company announced stellar results for their 3rd quarter on Nov = 6th. =20 Revenue for the 3rd quarter increased 118% compared to a year ago and = net income=20 per share increased from .17 fully diluted to .30 fully = diluted.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>From a strict CANSLIM perspective, it's = too early=20 to purchase this stock as it's still building the right side of the = cup. =20 But if you believe in low handle breakouts, the price and volume action = is=20 pretty exciting. It's the only stock that I own that has gone up = on high=20 volume over the last week.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Bob Hodes</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV></BODY></HTML> - ------=_NextPart_000_0023_01C289B8.CC1F8240-- - - - -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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