Go to Jeff Salisbury LWGate Home Page.From: "rchodes" <rchodes@charter.net>
Subject: Re: [CANSLIM] You mijght want to check out CVU
Date: Mon, 30 Jun 2003 23:16:23 -0700
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Chris: I mentioned CVU not as a recommendation but rather to spur a =
discussion on the pros and cons of purchasing low priced stocks. WON =
might say the stock is low priced for a reason but if the stock chart =
otherwise meets CANSLIM tecnhical criteria, it should=20
be worthy of discussion or at least some attention. Certainly, it would =
be difficult for a stock to be this low priced and to have a long track =
record of earning and revenue increases. Also, CVU is a real microcap =
(about $45M market capitalization) and that makes it inherently risky =
and makes me nervous. Seems that these low priced stocks with small =
market floats can go south quickly and you would not be able to get out =
in time to protect your principle. But there should be some =
CANSLIM-like strategy that might work. But maybe not; maybe the risk to =
reward ratio will always be unfarvorable. One of my points is that this =
should be an empirical question and I wonder if it's been studied.
Bob Hodes
- ----- Original Message -----=20
From: Chris Jones=20
To: canslim@lists.xmission.com=20
Sent: Sunday, June 29, 2003 11:13 PM
Subject: Re: [CANSLIM] You mijght want to check out CVU
CVU certainly does have a nice chart pattern - though I am also only a =
novice. It has 2.3% institutional ownership - which is toward the low =
end of the range - yet still acceptable since more is not necessarily =
better. The fundamentals aren't the best, but according to =
CwHCharts.com (I think), fundamentals is often a lagging indicator.
I think I'm gonna take a shot at this one. Anyone else have an =
opinion?
Chris
----- Original Message -----=20
From: Bob Hodes=20
To: canslim@lists.xmission.com=20
Sent: Sunday, June 29, 2003 8:44 PM
Subject: [CANSLIM] You mijght want to check out CVU
The American Assn of Individual Investors provides, to subscribers, =
stock screens that model the stock selection strategies of various money =
managers including WON. The IBD website recently had a link to the =
AAII article on CANSLIM. I haven't checked recently to see if that link =
is still available.
I just reviewed the AAII Canslim selections for this month and one =
chart looked pretty interesting. Nice CWH, handle is sloping downward, =
volume dried up at the trough and in the handle, breakout on Friday on =
well above average volume. So I send this along for your inspection. =20
The price is too low to meet strict IBD criteria but the chart looks =
nice to the eyes of this novice CANSLIMER. You can check out the =
fundamentals yourself. =20
I mention this stock b/c I'm trying to figure out how well CANSLIM =
does for below $10-15 stocks. I've have only followed a few so far =
(AMI, ORCC, MRGE, and now CVU) and I was wondering if anyone has =
reported empirical data on these low priced stocks. I assume WON's =
reticence with low priced stocks has to do with their lack of =
institutional ownership; is that correct and perhaps liquidity concerns. =
Is that true?
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<DIV><FONT face=3DArial size=3D2>Chris: I mentioned CVU not as a=20
recommendation but rather to spur a discussion on the pros and cons of=20
purchasing low priced stocks. WON might say the stock is low =
priced=20
for a reason but if the stock chart otherwise meets CANSLIM =
tecnhical=20
criteria, it should </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>be worthy of dis</FONT><FONT =
face=3DArial=20
size=3D2>cussion or at least some attention. Certainly, it would =
be=20
difficult for a stock to be this low priced and to have a long track =
record of=20
earning and revenue increases. Also, CVU is a real microcap (about =
$45M=20
market capitalization) and that makes it inherently risky and makes me=20
nervous. Seems that these low priced stocks with small market =
floats can=20
go south quickly and you would not be able to get out in time to protect =
your=20
principle. But there should be some CANSLIM</FONT><FONT =
face=3DArial=20
size=3D2>-l</FONT><FONT face=3DArial size=3D2>ike strategy that might =
work. But=20
maybe not; maybe the risk to reward ratio will always be =
unfarvorable. One=20
of my points </FONT><FONT face=3DArial size=3D2>is that this should =
be an=20
empirical question and I wonder if it's been studied.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Bob Hodes</FONT></DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DSwingKid104@attbi.com =
href=3D"mailto:SwingKid104@attbi.com">Chris=20
Jones</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, June 29, 2003 =
11:13=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] You =
mijght want to=20
check out CVU</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>CVU certainly does have a nice chart =
pattern -=20
though I am also only a novice. It has 2.3% institutional =
ownership -=20
which is toward the low end of the range - yet still acceptable since =
more is=20
not necessarily better. The fundamentals aren't the best, but =
according=20
to CwHCharts.com (I think), fundamentals is often a lagging=20
indicator.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I think I'm gonna take a shot at this =
one. =20
Anyone else have an opinion?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Chris</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Drchodes@charter.net =
href=3D"mailto:rchodes@charter.net">Bob Hodes</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, June 29, 2003 =
8:44=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] You mijght =
want to=20
check out CVU</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>The American Assn of Individual =
Investors=20
provides, to subscribers, stock screens that model the stock =
selection=20
strategies of various money managers including WON. =
The IBD=20
website recently had a link to the AAII article on CANSLIM. I=20
haven't checked recently to see if that link is still=20
available.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I just reviewed the AAII =
Canslim=20
selections for this month and one chart looked pretty=20
interesting. Nice CWH, handle is sloping downward, volume =
dried up at=20
the trough and in the handle, breakout on Friday on well above =
average=20
volume. So I send this along for your inspection. =
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>The price is too low to meet strict =
IBD=20
criteria but the chart looks nice to the eyes of this novice =
CANSLIMER. You=20
can check out the fundamentals yourself. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I mention this stock b/c I'm trying =
to figure=20
out how well CANSLIM does for below $10-15 stocks. I've have =
only=20
followed a few so far (AMI, ORCC, MRGE, and now CVU) and I was =
wondering if=20
anyone has reported empirical data on these low priced stocks. =
I=20
assume WON's reticence with low priced stocks has to do with their =
lack of=20
institutional ownership; is that correct and perhaps liquidity=20
concerns. Is that=20
true?</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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