Re: [CANSLIM] WGO

From: Arthur Kay <kayautho@comcast.net>
Subject: Re: [CANSLIM] WGO
Date: Sat, 23 Nov 2002 19:51:02 -0500

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- ----- Original Message -----
From: "Robin Gridley" <gridley02@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Monday, November 18, 2002 6:37 PM
Subject: RE: [CANSLIM] WGO


> Karen -
>
> I agree with Tom in that I'm not too worried about a big
> bump in gas prices. Two main reasons...
> 1) Oil expenditures are only 3.5% of GDP as compared to 8%
> during the '73 shock.
> 2) Even though oil imports are up a third from '73, we're now
> spreading the wealth much wider (Mexico, Russia, Venezuala, etc.)
> We're only getting 10% of total domestic consumption from the
> area slated to be affected by a Gulf war.
>
> Even if there's a brief spike (which I doubt), even if exacerbated
> by successful terrorist action against pipelines or other logistics,
> I can't see it lasting long enough to hold any real implications
> for prices. Especially with the proclivity of the feds to bleed
> the reserve at the slightest sign of squawking from the gas
> guzzlers...
>
> [start soapbox]
>
> Now... that having been said, the economist in me would at times
> like to see gas prices better reflect the real costs of consumption,
> as I'm a firm believer in the importance of "price" to reguluate the
> demand side of "price equilibrium."
>
> Living in a state that's running a $10B deficit and can't seem
> to find enough money to fix potholes even with one of the highest
> state tax rates and and a top 10 global economy, the complete lack
> of willingness to carry total costs of consumption through to
> the consumer (either by letting prices at least rise with inflation
> or use of a consumption tax with funds strictly earmarked to offset
> related costs) gives me a headache. But I guess there are just
> too many d@mn trial attorneys driving around in Escalades for
> that to ever happen.....  ;-)
>
> [end soapbox!!!!]
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Karen White
> Sent: Monday, November 18, 2002 4:28 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] WGO
>
>
> Hi Robin- I too have been looking at some RV stocks and my concern has
been
> - War = higher gas prices= Stock drops with little warning.....your take
on
> that? Karen
>
> At 09:12 PM 11/17/2002 -0800, you wrote:
> >I've been looking at WGO...
> >
> >Even though it shows a Cw/H, am I correct in being
> >worried about the $48 support level that's been set
> >almost three times while forming the cup ($48.05,
> >$48.60 and the pivot @ $49) I am guessing I should
> >look for VERY strong volume on the BO before
> >committing in order to break through and hold above
> >these support levels???
> >
> >Thx!
> >
> >Robin
> >
> >
> >-
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>
>
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