Go to Jeff Salisbury LWGate Home Page.From: "Ron Brown" <rbrown@neb.rr.com>
Subject: RE: [CANSLIM]EELN
Date: Sat, 26 Jul 2003 09:50:49 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_007D_01C3535B.64FC6DE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit MessageHi Yien, As mortgage interest rates began to creep up, stocks in the mortgage refinancing business sold off hard. EELN belongs to this group and sector as does LEND, NTBK and several others. The perception is that the mortgage refinancing business will slow, and therefore, profits will fall for these businesses. EELN sold off hard for two days in a row, first on the uptick in mortgage rates, and then because of an underperform by an investment banking analyst. Fundamentally, EELN is a great stock, but technically it is a broken stock, at least for now. Management did lift guidance for the year, so we shall see if magagment has a better feel for their own business than an analyst for an investment banking firm. I my be a cynic, but the analyst probably had his clients dump their stock before he issued the warning, and then bought back in after EELN collapsed 50% from its high. EELN has a float of 32 millon shares, and around 20 million of those shares traded during the past two days. It is possible that most of the sellers are now out of it, and if so, it should begin to rebase here. Ron -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lung Yien The Sent: Friday, July 25, 2003 10:49 PM To: CANSLIM@lists.xmission.com Subject: [CANSLIM]EELN Hi, I am new the CANSLIM methodology. I am trying to branch away from my old way of thinking (value investing) because it was simply not working out for me. I would like to know what is your take on E-Loans (EELN). This stock has been making explosive earnings for the past 7 quarters but yet fell for two consecutive days on high volume. Thanks Yien - ------=_NextPart_000_007D_01C3535B.64FC6DE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD><TITLE>Message</TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR></HEAD> <BODY> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2>Hi=20 Yien,</FONT></SPAN></DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2>As=20 mortgage interest rates began to creep up, stocks in the mortgage=20 refinancing business sold off hard. EELN belongs to this group and = sector=20 as does LEND, NTBK and several others. </FONT></SPAN></DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2>The=20 perception is that the mortgage refinancing business will slow, and = therefore,=20 profits will fall for these businesses. EELN sold off hard for two = days in=20 a row, first on the uptick in mortgage rates, and then because of an=20 underperform by an investment banking analyst.</FONT></SPAN></DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2>Fundamentally, EELN is a great stock, but technically it is a = broken=20 stock, at least for now. Management did lift guidance for the = year,=20 so we shall see if magagment has a better feel for their own business = than an=20 analyst for an investment banking firm.</FONT></SPAN></DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2>I my=20 be a cynic, but the analyst probably had his clients dump their stock = before he=20 issued the warning, and then bought back in after EELN collapsed 50% = from its=20 high. EELN has a float of 32 millon shares, and around 20 million = of those=20 shares traded during the past two days. It is possible that most = of the=20 sellers are now out of it, and if so, it should begin to rebase=20 here.</FONT></SPAN></DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D140252614-26072003><FONT face=3DArial color=3D#0000ff = size=3D2>Ron</FONT></SPAN></DIV><SPAN = class=3D140252614-26072003></SPAN><FONT=20 face=3DTahoma> <DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT> </DIV> <DIV><FONT size=3D2><SPAN = class=3D140252614-26072003> </SPAN>-----Original=20 Message-----<BR><B>From:</B> owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Lung Yien=20 The<BR><B>Sent:</B> Friday, July 25, 2003 10:49 PM<BR><B>To:</B>=20 CANSLIM@lists.xmission.com<BR><B>Subject:</B>=20 [CANSLIM]EELN<BR><BR></DIV></FONT></FONT> <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"> <DIV><SPAN class=3D670474503-26072003><FONT face=3DArial=20 size=3D2>Hi,</FONT></SPAN></DIV> <DIV><SPAN class=3D670474503-26072003><FONT face=3DArial=20 size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D670474503-26072003><FONT face=3DArial size=3D2>I am = new the=20 CANSLIM methodology. I am trying to branch away from my old way of = thinking=20 (value investing) because it was simply not working out for me.=20 </FONT></SPAN></DIV> <DIV><SPAN class=3D670474503-26072003><FONT face=3DArial=20 size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D670474503-26072003><FONT face=3DArial size=3D2>I = would like to=20 know what is your take on E-Loans (EELN). This stock has been making = explosive=20 earnings for the past 7 quarters but yet fell for two consecutive days = on high=20 volume. </FONT></SPAN></DIV> <DIV><SPAN class=3D670474503-26072003><FONT face=3DArial=20 size=3D2></FONT></SPAN> </DIV> <DIV><SPAN class=3D670474503-26072003><FONT face=3DArial=20 size=3D2>Thanks</FONT></SPAN></DIV> <DIV><SPAN class=3D670474503-26072003><FONT face=3DArial=20 size=3D2>Yien</FONT></SPAN></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_007D_01C3535B.64FC6DE0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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