Re: [CANSLIM] SHFL

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] SHFL
Date: Sun, 11 May 2003 12:51:35 -0700 (PDT)

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Roger, Jans,

I believe Roger is looking at the institutional
ownership activities for the stock when he commented
about the institional thing.  

http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=shfl

I cannot comment on the RS lines from Jans' input
since I don't have much experience reading the RS
line.

The fundies for SHFL looks good.  15.69 out of 18
(very good) for the CS evaluator.  The zone is green
4-4.  The institional ownership looks too high ~98%. 
Anyone want to correct me on this opinion?

Looking at the chart, left side of the cup starts at
11/4/02 and right side of the cup is at 3/21/03
at $21.98.  Handle is from 3/22 to 4/29.  Handle
trended down, which is good.  BO is on 4/30
with not as much volume as I would have liked.  But
big volume two days later.

If you agreen with the CwH dates, then the stock is a
little extended.

Just my $.02
tomas

- --- Spencer48@aol.com wrote:
> Roger,
> 
>      What gives you the clue that "...institutions
> seem to be getting out."  
> The number of funds invested in SHFL, according to
> Daily Graphs Online, from 
> June/02 to March/03 is 81->98 (although in Dec. it
> was 99).  Is this the only 
> signal that you see?
> 
>      In my opinion I wouldn't invest in SHFL for
> these reasons:  1) I believe 
> strength of the Leisure/Gaming Equip. industry is
> beginning to end; its power 
> was shown in the past few months and now-in my
> opinion-it's going to 
> dissipate.  The stocks in this group are already
> surfeited and ready to 
> digest their gains.  The up and coming industries, I
> believe, will have to do 
> with Technology and Medical stocks.
> 
>      Also, specifically to SHFL, notice the four
> weakly peaks it has made 
> since May/01.  Around 25 seems to be the resistance
> point.  And the 
> RelativeStrengthLine does not indicate that the
> stock is strong enough to 
> break the resistance.  I conclude this because: 
> Notice that the previous 
> peak's RSL was in strong divergence from its prior
> resistance peak (in early 
> Nov./02).  
> 
>      However, in last week's price peak (at the
> resistance) RSL is either 
> below or just barely above (it is certainly not
> showing the kind of strength 
> the previous RSL showed at Nov/02's resistance
> point).
> 
> jans
> 
> 
> 
> In a message dated 5/10/2003 8:10:07 PM Eastern
> Daylight Time, 
> roger@tawacentral.net writes:
> 
> << The fundies look good, with one exception:
> institutions seem to be getting
>  out.
>   >>
> 
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