Re: [CANSLIM] American Vanguard

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] American Vanguard
Date: Wed, 04 Dec 2002 09:13:28 -0800

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Hi Tom:

I guess you weren't alone in your assessment of AVD. It reversed through its
$23.65 trigger yesterday with no resistance - an immediate sell signal, and
is down even more today.

The irony here is that I had 3 breakouts, and chose to only share AVD with
the group since the price ($24) was 'right'. The other two were $8 and $8.50
breakouts, and are still reasonably strong, both putting in new highs today.
Go figure.

Cheers,

Ian


- ----- Original Message -----
From: Tom Worley <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Monday, December 02, 2002 9:38 PM
Subject: Re: [CANSLIM] American Vanguard


> Ian,
>
> with no consensus of earnings forecasts, I have trouble guessing where
> either earnings or sales are headed. Both have been too volatile and
> inconsistent for my tastes. I also see no reason to expect any explosive
> growth in the future, either for its industry, or this company in
> particular.
>
> ----- Original Message -----
> From: "Ian" <ianstm@shaw.ca>
> To: <canslim@lists.xmission.com>
> Sent: Monday, December 02, 2002 1:32 PM
> Subject: [CANSLIM] American Vanguard
>
>
> Hi all:
>
> In my world of low-volume microcaps, AVD is a nice CANSLIM (94 93 early
last
> week) stock that appears to be breaking out of a decent C&H right here,
> right now around $24. They make chemicals for the agricultural industry -
> crop protection etc...
>
> The average daily volume is only 4000 shares, so todays breakout on 6X ADV
> is encouraging to me. It had above average volume the last 2 days as well.
>
> We'll see.
>
> Ian
>
>
>
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