RE: [CANSLIM] Second Guessing Myself - SFCC

From: Roger Tawa <roger@tawacentral.net>
Subject: RE: [CANSLIM] Second Guessing Myself - SFCC
Date: Wed, 09 Jul 2003 22:26:27 -0400

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Hi Mike,

Over the last few weeks (since early to mid june), I have found the
opposite: very few "good" stocks breaking out.  This mostly likely just
means we define "good" differently.

This brings me to the real point of this email.  I am new to CANSLIM and
surely have much less experience that you do in investing.  As a newbie, I
find it easy to pick "perfect" stocks, ie. those that meet all required
criteria.  However, as soon as I see a stock that has one or two points that
may be iffy (price below 15$, ROE not quite 17%, etc.), I don't know what to
do about it.  I suppose I'll have to learn by rolling the dice every once in
a while on a less-than-perfect stock.

Any comments from other newbie CANSLIMers on how you handle this?  Thanks.

=================================================
Roger Tawa
http://tawacentral.net/
[One thing about paradigms: shift happens.]
[When you stop, you're done.]

 -----Original Message-----
From: 	owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]  On Behalf Of
michael_niemotka@baxter.com
Sent:	Wednesday, July 09, 2003 5:01 PM
To:	canslim@lists.xmission.com
Subject:	Re: [CANSLIM] Second Guessing Myself - SFCC


Kelly,

I saw the same things that you did.  For me, it is always a struggle not to
chase those stocks that break out of a nice looking pattern, but don't
having the fundies behind them.

I am sure that many people probably make some money doing just that, but I
have also seen some of them drop way back down in a hurry. From what I have
seen over the fast few weeks is that many good stocks are breaking out, you
just need to stay focussed.

Mike

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com



                    "Kelly Short"
                    <kelly.short@fw.us.neo       To:
canslim@lists.xmission.com
                    ris.com>                     cc:
                    Sent by:                     Subject:     [CANSLIM]
Second Guessing Myself - SFCC
                    owner-canslim@lists.xm
                    ission.com


                    07/09/2003 03:40 PM
                    Please respond to
                    canslim






I noticed today that SFCC is up 12% since breaking out on 7/8. I
reevaluated my evaluation of this stock to see if perhaps I missed a
CANSLIM candidate. I stand beside my decision not to pursue this stock
because:

Industry Score = 148/190 (and getting worse)
Quarter over Quarter Earnings Growth decelerating
Quarterly Sales Growth Rates over the trailing four quarters negatively
erradic compared to last year's Quarterly Sales Growth Rates

Would anyone argue that I was too harsh in my review of this stock? Did
anyone see a gem and get into the BO?

I will greatly appreciate anyone's opinions. Thanks!

Kelly

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