RE: [CANSLIM] SHFL

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] SHFL
Date: Thu, 5 Jun 2003 07:58:18 -0500
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Hi Jerome,

You're quite right and thanks for catching my error. I've corrected my original
diagram of the zones for 6/3/3 so that the arrows are now accurate. In addition,
I've created a new version that shows exactly which stocks shifted during the
month. It's now much easier to see how leaders like PENN, BYD, AGI and ECP
shifted to he left out of the green zone (meaning a technical deterioration):

http://www.cwhcharts.com/katherine/LeisureGamingShift060303.JPG

Katherine
  -----Original Message-----
  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Jerome Buckmelter
  Sent: Wednesday, June 04, 2003 10:50 PM
  To: CANSLIM LIST
  Subject: [CANSLIM] SHFL


  Katherine,



  I was intrigued by your analysis of SHFL in your recent post.  You show that
the industry fundamental and technical values in the second matrix (6/3/3) have
shifted to the left relative to the first matrix (5/5/3).  However, the 6/3/3
matrix shows a higher value on the right than the left, i.e., 28.9% vs. 20.0%.
Shouldn't the second arrow indicate a "positive" shift to the right?



  I am not familiar which your web site and system as yet, but I intend to try
the free trial when I too return from vacation next week.  JB



  -----Original Message-----
  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
  Sent: Wednesday, June 04, 2003 10:21 AM
  To: canslim@lists.xmission.com
  Subject: RE: [CANSLIM] SHFL


  Hi Avi,

  Looking at the SHFL chart, I see some yellow flag price/volume action in the
last 4 days:

  http://www.cwhcharts.com/katherine/SHFL060403.JPG

  The last day on the chart is intraday (today), so doesn't yet reflect the
price/volume for end of day, so this can change.

  When a chart seems iffy to me, I like to look at other risk factors to see if
I can get some additional clues. In this case, I went to the industry to see
what is happening technically. Overall, it's a mixed bag with many former
leaders like MGAM and PENN in a big technical sink hole, GTK with slipping
earnings growth, some new leaders shooting up on good volume, and other current
leaders giving signs they'd like to roll over. If you look at the industry
chart, you can see how the average technical behavior of the stocks has been
lagging the market:

  http://www.cwhcharts.com/katherine/LeisureGaming053003.JPG

  Another way of looking at it is to look at the fundamental/technical condition
of the stocks  in the industry over time. This first matrix shows how the stocks
distributed across the matrix last month (5/5/3):

  http://www.cwhcharts.com/katherine/LeisureGamingZones050503.JPG

  At the time, there was a fairly good representation of "good" stocks in the
green zone. But, if you look at the current matrix, you can see that the stocks
have shifted to the left, meaning that they have fallen back technically. Here's
the matrix as of 6/3/3:

  http://www.cwhcharts.com/katherine/LeisureGamingZones060303.JPG

  I'm guessing that the odds favor SHFL pulling back to support at best, rolling
over at worst.

  Katherine
    -----Original Message-----
    From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Bistricer, Avi
    Sent: Monday, June 02, 2003 2:30 PM
    To: canslim@lists.xmission.com
    Subject: [CANSLIM] SHFL


        Any comment on its action in the last few days? I'm in at $24.5. Thanks


    Avi Bistricer, DBA
    212.460.6695
    bistricera@coned.com






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<BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dpurple =
link=3Dblue>
<DIV><SPAN class=3D484285312-05062003>Hi Jerome,</SPAN></DIV>
<DIV><SPAN class=3D484285312-05062003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D484285312-05062003>You're quite right and thanks for =
catching=20
my error. I've corrected my original diagram of the zones for 6/3/3 so =
that the=20
arrows are now accurate. In addition, I've created a new version that =
shows=20
exactly which stocks shifted during the month. It's now much easier to =
see how=20
leaders like PENN, BYD, AGI and ECP shifted to he left out of the green =
zone=20
(meaning a technical deterioration):</SPAN></DIV>
<DIV><SPAN class=3D484285312-05062003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D484285312-05062003><A=20
href=3D"http://www.cwhcharts.com/katherine/LeisureGamingShift060303.JPG">=
http://<A=20
href=3D"http://www.cwhcharts.com/">www.cwhcharts.com/</A>katherine/Leisur=
eGamingShift060303.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D484285312-05062003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D484285312-05062003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Jerome=20
  Buckmelter<BR><B>Sent:</B> Wednesday, June 04, 2003 10:50 =
PM<BR><B>To:</B>=20
  CANSLIM LIST<BR><B>Subject:</B> [CANSLIM] SHFL<BR><BR></FONT></DIV>
  <DIV class=3DSection1>
  <P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Katherine,<o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p>&nbsp;</o:p></SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I was intrigued by your =
analysis=20
  of SHFL in your recent post. <SPAN style=3D"mso-spacerun: =
yes">&nbsp;</SPAN>You=20
  show that the industry fundamental and technical values in the second =
matrix=20
  (</SPAN></FONT><st1:date Year=3D"2003" Day=3D"3" Month=3D"6"><FONT =
face=3DArial=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">6/3/3</SPAN></FONT></st1:date><FONT=20
  face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">) have=20
  shifted to the left relative to the first matrix =
(</SPAN></FONT><st1:date=20
  Year=3D"2003" Day=3D"5" Month=3D"5"><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">5/5/3</SPAN></FONT></st1:date><FONT=20
  face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">).<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>However, the =
</SPAN></FONT><st1:date=20
  Year=3D"2003" Day=3D"3" Month=3D"6"><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">6/3/3</SPAN></FONT></st1:date><FONT=20
  face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> matrix=20
  shows a higher value on the right than the left, i.e., 28.9% vs. =
20.0%.<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>Shouldn&#8217;t the second =
arrow indicate a=20
  &#8220;positive&#8221; shift to the =
right?<o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p>&nbsp;</o:p></SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I am not familiar which =
your web=20
  site and system as yet, but I intend to try the free trial when I too =
return=20
  from vacation next week.<SPAN style=3D"mso-spacerun: yes">&nbsp; =
</SPAN>JB<FONT=20
  face=3D"Times New Roman"><FONT size=3D3><SPAN=20
  =
class=3D484285312-05062003>&nbsp;</SPAN></FONT></FONT></SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT face=3D"Times New =
Roman"><FONT=20
  size=3D3><SPAN=20
  =
class=3D484285312-05062003></SPAN></FONT></FONT></SPAN></FONT>&nbsp;</P><=
FONT=20
  face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><FONT=20
  face=3D"Times New Roman"><FONT size=3D3><SPAN =
class=3D484285312-05062003>
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine =

  Malm<BR><B>Sent:</B> Wednesday, June 04, 2003 10:21 AM<BR><B>To:</B>=20
  canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM]=20
  SHFL<BR><BR></FONT></DIV>
  <DIV><SPAN class=3D781550316-04062003>Hi Avi,</SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003>Looking at the SHFL chart, I see =
some=20
  yellow flag price/volume action in the last 4 days:</SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003><A=20
  =
href=3D"http://www.cwhcharts.com/katherine/SHFL060403.JPG">http://www.cwh=
charts.com/katherine/SHFL060403.JPG</A></SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003>The last day on the chart is =
intraday=20
  (today), so doesn't yet reflect the price/volume for end of day, so =
this can=20
  change.</SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003>When a chart seems iffy to me, I =
like to=20
  look at other risk factors to see if I can get some additional clues. =
In this=20
  case, I went to the industry to see what is happening technically. =
Overall,=20
  it's a mixed bag with many former leaders like MGAM and PENN&nbsp;in a =
big=20
  technical sink hole, GTK with slipping earnings growth, some new =
leaders=20
  shooting up on good volume, and other current&nbsp;leaders giving =
signs they'd=20
  like to roll over. If you look at the industry chart, you can see how =
the=20
  average technical behavior of the stocks has been lagging the=20
  market:</SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003><A=20
  =
href=3D"http://www.cwhcharts.com/katherine/LeisureGaming053003.JPG">http:=
//www.cwhcharts.com/katherine/LeisureGaming053003.JPG</A></SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003>Another way of looking at it is =
to look at=20
  the fundamental/technical condition of the stocks&nbsp; in the =
industry over=20
  time. This first matrix shows how the stocks distributed across the =
matrix=20
  last month (5/5/3):</SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003><A=20
  =
href=3D"http://www.cwhcharts.com/katherine/LeisureGamingZones050503.JPG">=
http://www.cwhcharts.com/katherine/LeisureGamingZones050503.JPG</A></SPAN=
></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003>At the time, there was a fairly =
good=20
  representation of "good" stocks in the green zone. But, if you look at =
the=20
  current matrix, you can see that the stocks have shifted to the left, =
meaning=20
  that they have fallen back technically. Here's the matrix as of=20
  6/3/3:</SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003><A=20
  =
href=3D"http://www.cwhcharts.com/katherine/LeisureGamingZones060303.JPG">=
http://www.cwhcharts.com/katherine/LeisureGamingZones060303.JPG</A></SPAN=
></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003>I'm guessing that the odds favor =
SHFL=20
  pulling back to support at best, rolling over at worst. </SPAN></DIV>
  <DIV><SPAN class=3D781550316-04062003></SPAN><SPAN=20
  class=3D781550316-04062003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D781550316-04062003>Katherine</SPAN></DIV>
  <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
    <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
    size=3D2>-----Original Message-----<BR><B>From:</B>=20
    owner-canslim@lists.xmission.com=20
    [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of =
</B>Bistricer,=20
    Avi<BR><B>Sent:</B> Monday, June 02, 2003 2:30 PM<BR><B>To:</B>=20
    canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM]=20
    SHFL<BR><BR></FONT></DIV>
    <DIV><SPAN class=3D144242820-02062003><FONT=20
    face=3D"Courier New">&nbsp;&nbsp;&nbsp; Any comment on its action in =
the last=20
    few days? I'm in at $24.5. Thanks</FONT></SPAN></DIV>
    <DIV><SPAN=20
    =
class=3D144242820-02062003>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FON=
T=20
    face=3D"Courier New">&nbsp; </FONT></SPAN></DIV>
    <DIV>&nbsp;</DIV>
    <P><FONT face=3D"Courier New" size=3D4>Avi Bistricer, DBA</FONT> =
<BR><FONT=20
    face=3D"Courier New" size=3D4>212.460.6695</FONT> <BR><FONT =
face=3D"Courier New"=20
    size=3D4>bistricera@coned.com</FONT>=20
    =
</P>&nbsp;</SPAN><o:p></o:p></FONT></FONT></SPAN></FONT></BLOCKQUOTE>
  <P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p>&nbsp;</o:p></SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"><SPAN=20
  style=3D"mso-spacerun: =
yes">&nbsp;</SPAN><o:p></o:p></SPAN></FONT></P></DIV></BLOCKQUOTE></BODY>=
</HTML>

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