Go to Jeff Salisbury LWGate Home Page.From: "Krueger, Kevin" <Kevin.Krueger@cardinal.com>
Subject: RE: [CANSLIM] ELBO - thoughts on where to get in?
Date: Fri, 22 Aug 2003 11:43:20 -0500
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ELBO had a nice gap up today to the peak of the left side of the cup. =
It's EPS + RS is 159. Overall rating of A+.
=20
I didn't take any positions in this stock because I've been burned =
recently buying on the cup and not waiting for the BO. I'm trying to be =
disciplined and conservative . . . and understand the price and volume =
action and potential gain.
=20
Short term, I would expect some profit taking. There was huge volume in =
late July and those folks could take a 30% profit today. Several other =
big volume up days in the past (with fewer big volume down days) also =
lead me to believe there is some profit to be realized at this point in =
time (unfortunately, not mine).
=20
If the stock moves past 32, future resistance may come into play at 35, =
~37, 40, and near 50.=20
=20
For those more experienced, how do I carry my analysis forward. Given =
that we are fast approaching the "cha-ching" season for retailers, do =
positive future outlooks tend to get priced into the stock before =
results are announced after the season? Might that mean more upside for =
ELBO? Just thinking out loud here - any comments, thoughts, suggestions =
are appreciated.
=20
Best regards,
Kevin
- -----Original Message-----
From: Fred Richards [mailto:ffr@adrich.com]
Sent: Wednesday, August 20, 2003 9:23 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] ELBO - thoughts on where to get in?
From a strict WON approach, it is only rated at B + 154 (EPS +RS). WON =
advocates not looking at stocks below 160. While the recent uptrend is =
encouraging and on a weekly chart, the current price has penetrated the =
downward sloping trend line, you must ask yourself . . . What is my =
reason for investing in this company?
=20
Your answer to that question will tell you if you should buy it today?
- -----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Krueger, Kevin
Sent: Wednesday, August 20, 2003 9:00 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] ELBO - thoughts on where to get in?
ELBO has interesting and steady pattern - the kind I like - what do you =
think?
=20
- -Kevin
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<DIV><SPAN class=3D546555015-22082003>ELBO had a nice gap up today to =
the peak of=20
the left side of the cup. It's EPS + RS is 159. Overall rating of=20
A+.</SPAN></DIV>
<DIV><SPAN class=3D546555015-22082003></SPAN> </DIV>
<DIV><SPAN class=3D546555015-22082003>I didn't take any positions in =
this stock=20
because I've been burned recently buying on the cup and not waiting for =
the BO.=20
I'm trying to be disciplined and conservative . . . and understand the =
price and=20
volume action and potential gain.</SPAN></DIV>
<DIV><SPAN class=3D546555015-22082003></SPAN> </DIV>
<DIV><SPAN class=3D546555015-22082003>Short term, I would expect =
some profit=20
taking. There was huge volume in late July and those folks could take a =
30%=20
profit today. Several other big volume up days in the past (with fewer =
big=20
volume down days) also lead me to believe there is some =
profit to=20
be realized at this point in time (unfortunately, not =
mine).</SPAN></DIV>
<DIV><SPAN class=3D546555015-22082003></SPAN> </DIV>
<DIV><SPAN class=3D546555015-22082003>If the stock moves past 32, future =
resistance may come into play at 35, ~37, 40, and near 50.=20
</SPAN></DIV>
<DIV><SPAN class=3D546555015-22082003></SPAN> </DIV>
<DIV><SPAN class=3D546555015-22082003>For those more experienced, how do =
I carry=20
my analysis forward. Given that we are fast approaching the "cha-ching" =
season=20
for retailers, do positive future outlooks tend to get priced into the =
stock=20
before results are announced after the season? Might that mean more =
upside for=20
ELBO? Just thinking out loud here - any comments, thoughts, suggestions =
are=20
appreciated.</SPAN></DIV>
<DIV><SPAN class=3D546555015-22082003></SPAN> </DIV>
<DIV><SPAN class=3D546555015-22082003>Best regards,</SPAN></DIV>
<DIV><SPAN class=3D546555015-22082003>Kevin</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT=20
face=3DTahoma>-----Original Message-----<BR><B>From:</B> Fred Richards =
[mailto:ffr@adrich.com]<BR><B>Sent:</B> Wednesday, August 20, 2003 =
9:23=20
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
ELBO - thoughts on where to get in?<BR><BR></FONT></DIV>
<DIV><SPAN class=3D609142014-20082003>From a strict WON approach, it =
is only=20
rated at B + 154 (EPS +RS). WON advocates not looking at stocks =
below=20
160. While the recent uptrend is encouraging and on a weekly =
chart, the=20
current price has penetrated the downward sloping trend line, you must =
ask=20
yourself . . . What is my reason for investing in this =
company?</SPAN></DIV>
<DIV><SPAN class=3D609142014-20082003></SPAN> </DIV>
<DIV><SPAN class=3D609142014-20082003>Your answer to that question =
will tell you=20
if you should buy it today?</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Krueger, Kevin<BR><B>Sent:</B> Wednesday, August =
20,=20
2003 9:00 AM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B>=20
[CANSLIM] ELBO - thoughts on where to get in?<BR><BR></FONT></DIV>
<DIV><SPAN class=3D101535313-20082003>ELBO has interesting and =
steady pattern=20
- the kind I like - what do you think?</SPAN></DIV>
<DIV><SPAN class=3D101535313-20082003></SPAN> </DIV>
<DIV><SPAN=20
class=3D101535313-20082003>-Kevin</SPAN></DIV></BLOCKQUOTE></BLOCKQUOTE><=
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