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2002-05-01
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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #2379
Reply-To: canslim
Sender: owner-canslim-digest@lists.xmission.com
Errors-To: owner-canslim-digest@lists.xmission.com
Precedence: bulk
Content-Transfer-Encoding: quoted-printable
X-No-Archive: yes
canslim-digest Wednesday, May 1 2002 Volume 02 : Number 2379
In this issue:
Re: [CANSLIM] ISLE
Re: [CANSLIM] USLB
Re: [CANSLIM] ISLE
RE: [CANSLIM] USLB
Re: [CANSLIM] USLB
[CANSLIM] Commonly used references on the list
Re: [CANSLIM] USLB
----------------------------------------------------------------------
Date: Wed, 1 May 2002 18:53:24 -0700
From: "Marty" <majorgenson@attbi.com>
Subject: Re: [CANSLIM] ISLE
This is a multi-part message in MIME format.
- ------=_NextPart_000_004A_01C1F141.78F9CE50
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Thanks for the input.
What source do you use to find earnings ect?
It sure would be nice to have one site with all the info you wanted at =
your finger tips at a click of a button.
Marty
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 5:03 PM
Subject: Re: [CANSLIM] ISLE
Hi Marty,
I had this one in my VR Fund, and sold it too soon, but still a nice =
profit. My reasons for selling at the time were several.
First, revenues looked to me like they were beginning to stagnate.
With one quarter to go, appears they need to earn 50 cents to make the =
forecast for full year. That looks like a stretch.
debt is reported as extremely high (613%)
growth for the new year (which just started today) is for a further =
20% growth, I like a bigger figure
huge gap between cash flow ($3.43) and earnings, which I didn't care =
to take the time to investigate
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
----- Original Message -----=20
From: Marty=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 7:23 PM
Subject: [CANSLIM] ISLE
I'm new to this and would like some opions on this stock.
What I really like is the graph. It looks like a 19 day base thats is =
sloping down with light volume. If volume pick up would a pp of 21.79 be =
correct?
I also like the general slope of the graph UP!
Ranked top (#1) of the Leisure Gaming=20
EPS 97 =20
RS 97
Ind Group A+
ROE 18.2%
Outstanding Shares 31.5 mil
PE 19.5
=20
Any Thoughts
Thanks
Marty =20
=20
=20
- ------=_NextPart_000_004A_01C1F141.78F9CE50
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charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2715.400" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Thanks for the input.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>What source do you use to find earnings =
ect?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>It sure would be nice to have one site =
with all the=20
info you wanted at your finger tips at a click of a button.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Marty</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=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</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> Wednesday, May 01, 2002 =
5:03=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
ISLE</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Hi Marty,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I had this one in my VR Fund, and sold it too =
soon, but=20
still a nice profit. My reasons for selling at the time were=20
several.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>First, revenues looked to me like they were =
beginning to=20
stagnate.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>With one quarter to go, appears they need to =
earn 50=20
cents to make the forecast for full year. That looks like a=20
stretch.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>debt is reported as extremely high =
(613%)</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>growth for the new year (which just started =
today) is=20
for a further 20% growth, I like a bigger figure</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>huge gap between cash flow ($3.43) and =
earnings, which I=20
didn't care to take the time to investigate</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dmajorgenson@attbi.com =
href=3D"mailto:majorgenson@attbi.com">Marty</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Wednesday, May 01, 2002 7:23 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] ISLE</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I'm new to this and would like some =
opions on=20
this stock.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>What I really like is the graph. It =
looks like a=20
19 day base thats is sloping down with light volume. If volume pick up =
would a=20
pp of 21.79 be correct?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>I also like the general slope of the =
graph=20
UP!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Ranked top (#1) of the Leisure Gaming =
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>EPS 97 =
=20
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>RS 97</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Ind Group A+</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>ROE 18.2%</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Outstanding Shares 31.5 =
mil</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>PE 19.5</FONT></DIV>
<DIV>
<TABLE cellSpacing=3D1 width=3D"100%" border=3D0>
<TBODY>
<TR align=3Dmiddle>
<TD class=3Dodd width=3D"20%"><FONT face=3DArial =
size=3D2></FONT></TD>
<TD class=3Deven width=3D"20%"><FONT face=3DArial =
size=3D2></FONT><FONT=20
face=3DArial size=3D2></FONT>
<DIV><BR><FONT face=3DArial size=3D2>Any Thoughts</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Marty</FONT> </DIV></TD>
<TD class=3Dodd width=3D"20%"> </TD>
<TD class=3Deven width=3D"20%"><FONT face=3DArial =
size=3D2></FONT></TD>
<TD class=3Dodd width=3D"20%"><BR></TD></TR>
<TR align=3Dmiddle>
<TD class=3Dodd><SPAN class=3Dbigr><STRONG></STRONG></SPAN></TD>
<TD class=3Deven><SPAN class=3Dbigr><STRONG></STRONG></SPAN></TD>
<TD class=3Dodd><SPAN class=3Dbigr><STRONG></STRONG></SPAN></TD>
<TD class=3Deven><SPAN class=3Dbigr><STRONG></STRONG></SPAN></TD>
<TD class=3Dodd><SPAN=20
=
class=3Dbigr><STRONG></STRONG></SPAN></TD></TR></TBODY></TABLE></DIV></BL=
OCKQUOTE></BODY></HTML>
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- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 1 May 2002 21:53:58 -0400
From: "Parnelli" <pgone@fuse.net>
Subject: Re: [CANSLIM] USLB
This is a multi-part message in MIME format.
- ------=_NextPart_000_0099_01C1F15A.B2A39460
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You're definitely right Katherine about experience being the best =
teacher. I have two stupid questions (intended to get me up to speed so =
I can contribute to the board), what is WON and is there a tool that can =
help me find the pivot point? I really do appreciate your help!!! =
- -Parnelli
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 9:46 PM
Subject: Re: [CANSLIM] USLB
Youch....well, you've probably learned the second most important rule =
in CANSLIM.....don't buy extended stocks. If you purchased at $16.25, =
support was a long way away. The pivot on this one was $11.55. The gap =
on the open 3/25 meant that your best entry would have been around =
$12.04. That means it was (16.25-12.04)/12.04 =3D 35% extended on =
purchase. You can see why this is a critical technical guideline. WON =
says about 40% of stocks will pullback to their pivot before moving on. =
If you find a good stock but miss the valid breakout, WAIT and see if =
you can get a second chance entry or wait until it consolidates again =
and breaks out before jumping in. Buying an extended stock is a little =
like bungee jumping without a rope. One of the most critical (and most =
difficult) skills required in CANSLIM investing is patience.
See a marked chart at http://WallStreet-LLC.com/canslim/USLB050102.jpg
Oh yes...welcome to the list!
Katherine
PS...one of the best ways to really "get" a CANSLIM rule is to =
experience it first hand. Been there, done that, that's why I remember =
it myself!
----- Original Message -----=20
From: Parnelli=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 7:53 PM
Subject: Re: [CANSLIM] USLB
Thanks Katherine...unfortunately I bought it a week before earnings =
at $16.25 and then it started tanking. Then when their numbers came out =
(I thought they were excellent), but apparently I was the only one who =
felt that way-ouch! Oh well, all part of the learning curve. I still =
think it looks like a good company and I've considered averaging down, =
however, O'neil is not a big fan of that move. Obviously, I should have =
kept my loss from exceeding 8%...but I'm learning. Thanks, Parnelli
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 8:44 PM
Subject: Re: [CANSLIM] USLB
Hi Parnelli,
When did you buy? If you bought on the breakout 3/25 then you =
shouldn't have been "slammed" as the big downward action 4/23-4/25 is =
most likely market driven. A good buy would have allowed you to weather =
the action and see if it held above the pivot and the 50dMA, which it's =
done, showing very good support 4/29 with high volume and an upward =
tail.
Katherine
----- Original Message -----=20
From: Parnelli=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 7:39 PM
Subject: [CANSLIM] USLB
Hi Board,
I'm a new "canslimer" and thought I was an IBD guru until I =
bought USLB and it slammed me. I know I missed on the "M", but for the =
life of me I can't see any other problems. If any experienced folks =
follow this stock and can give me their two cents worth I'd be very =
appreciative. Many thanks, Parnelli =20
- ------=_NextPart_000_0099_01C1F15A.B2A39460
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>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4807.2300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>You're definitely right Katherine about =
experience being=20
the best teacher. I have two stupid questions (intended to get me =
up to=20
speed so I can contribute to the board), what is WON and is there a tool =
that=20
can help me find the pivot point? I really do appreciate your =
help!!!=20
- -Parnelli</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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> Wednesday, May 01, 2002 =
9:46=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV>Youch....well, you've probably learned the second most important =
rule in=20
CANSLIM.....<EM>don't buy extended stocks</EM>. If you purchased at =
$16.25,=20
support was a long way away. The pivot on this one was $11.55. The gap =
on the=20
open 3/25 meant that your best entry would have been around $12.04. =
That means=20
it was (16.25-12.04)/12.04 =3D <EM><STRONG>35% extended</STRONG></EM> =
on=20
purchase. You can see why this is a critical technical guideline. WON =
says=20
about 40% of stocks will pullback to their pivot before moving on. If =
you find=20
a good stock but miss the valid breakout, WAIT and see if you can get =
a second=20
chance entry or wait until it consolidates again and breaks out before =
jumping=20
in. Buying an extended stock is a little like bungee jumping without a =
rope.=20
One of the most critical (and most difficult) skills required in =
CANSLIM=20
investing is patience.</DIV>
<DIV> </DIV>
<DIV>See a marked chart at <A=20
=
href=3D"http://WallStreet-LLC.com/canslim/USLB050102.jpg">http://WallStre=
et-LLC.com/canslim/USLB050102.jpg</A></DIV>
<DIV> </DIV>
<DIV>Oh yes...welcome to the list!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>PS...one of the best ways to really "get" =
a CANSLIM rule is to=20
experience it first hand. Been there, done that, that's why I remember =
it=20
myself!</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=3Dpgone@fuse.net =
href=3D"mailto:pgone@fuse.net">Parnelli</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, May 01, 2002 =
7:53=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Thanks Katherine...unfortunately I bought it a =
week before=20
earnings at $16.25 and then it started tanking. Then when =
their=20
numbers came out (I thought they were excellent), but apparently I =
was the=20
only one who felt that way-ouch! Oh well, all part of the =
learning=20
curve. I still think it looks like a good company and I've =
considered=20
averaging down, however, O'neil is not a big fan of that move. =
Obviously, I should have kept my loss from exceeding 8%...but I'm=20
learning. Thanks, Parnelli</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Wednesday, May 01, =
2002 8:44=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV>Hi Parnelli,</DIV>
<DIV> </DIV>
<DIV>When did you buy? If you bought on the breakout 3/25 then you =
shouldn't have been "slammed" as the big downward action =
4/23-4/25 is=20
most likely market driven. A good buy would have allowed you to =
weather=20
the action and see if it held above the pivot and the 50dMA, which =
it's=20
done, showing very good support 4/29 with high volume and an =
upward=20
tail.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dpgone@fuse.net =
href=3D"mailto:pgone@fuse.net">Parnelli</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Wednesday, May 01, =
2002 7:39=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Hi Board,</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>I'm a new "canslimer" and thought I was an =
IBD guru=20
until I bought USLB and it slammed me. I know I missed on =
the "M",=20
but for the life of me I can't see any other problems. If =
any=20
experienced folks follow this stock and can give me their two =
cents=20
worth I'd be very appreciative. Many thanks,=20
=
Parnelli </FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></=
BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0099_01C1F15A.B2A39460--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 1 May 2002 22:04:12 -0400
From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] ISLE
This is a multi-part message in MIME format.
- ------=_NextPart_000_02FB_01C1F15C.2065C3F0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
I no longer do the due diligence to the level I used to do. I find the =
data presentation at DGO to be sufficient for much of my reviews, and =
process of elimination. Noteworthy is that DGO's staff eliminates =
non-recurring gains and losses, so what you see is what is likely to =
continue. Much different from many sites where they show the overall net =
earnings without regard to this.
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----=20
From: Marty=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 9:53 PM
Subject: Re: [CANSLIM] ISLE
Thanks for the input.
What source do you use to find earnings ect?
It sure would be nice to have one site with all the info you wanted at =
your finger tips at a click of a button.
Marty
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 5:03 PM
Subject: Re: [CANSLIM] ISLE
Hi Marty,
I had this one in my VR Fund, and sold it too soon, but still a nice =
profit. My reasons for selling at the time were several.
First, revenues looked to me like they were beginning to stagnate.
With one quarter to go, appears they need to earn 50 cents to make the =
forecast for full year. That looks like a stretch.
debt is reported as extremely high (613%)
growth for the new year (which just started today) is for a further =
20% growth, I like a bigger figure
huge gap between cash flow ($3.43) and earnings, which I didn't care =
to take the time to investigate
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
----- Original Message -----=20
From: Marty=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 7:23 PM
Subject: [CANSLIM] ISLE
I'm new to this and would like some opions on this stock.
What I really like is the graph. It looks like a 19 day base thats is =
sloping down with light volume. If volume pick up would a pp of 21.79 be =
correct?
I also like the general slope of the graph UP!
Ranked top (#1) of the Leisure Gaming=20
EPS 97 =20
RS 97
Ind Group A+
ROE 18.2%
Outstanding Shares 31.5 mil
PE 19.5
=20
Any Thoughts
Thanks
Marty =20
=20
=20
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<DIV><FONT face=3DArial>I no longer do the due diligence to the level I =
used to=20
do. I find the data presentation at DGO to be sufficient for much of my =
reviews,=20
and process of elimination. Noteworthy is that DGO's staff eliminates=20
non-recurring gains and losses, so what you see is what is likely to =
continue.=20
Much different from many sites where they show the overall net earnings =
without=20
regard to this.</FONT></DIV>
<DIV> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dmajorgenson@attbi.com =
href=3D"mailto:majorgenson@attbi.com">Marty</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Wednesday, May 01, 2002 9:53 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] ISLE</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for the input.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>What source do you use to find earnings =
ect?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>It sure would be nice to have one site =
with all the=20
info you wanted at your finger tips at a click of a button.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Marty</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=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</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> Wednesday, May 01, 2002 =
5:03=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
ISLE</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Hi Marty,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I had this one in my VR Fund, and sold it too =
soon, but=20
still a nice profit. My reasons for selling at the time were=20
several.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>First, revenues looked to me like they were =
beginning to=20
stagnate.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>With one quarter to go, appears they need to =
earn 50=20
cents to make the forecast for full year. That looks like a=20
stretch.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>debt is reported as extremely high =
(613%)</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>growth for the new year (which just started =
today) is=20
for a further 20% growth, I like a bigger figure</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>huge gap between cash flow ($3.43) and =
earnings, which I=20
didn't care to take the time to investigate</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dmajorgenson@attbi.com =
href=3D"mailto:majorgenson@attbi.com">Marty</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Wednesday, May 01, 2002 7:23 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] ISLE</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I'm new to this and would like some =
opions on=20
this stock.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>What I really like is the graph. It =
looks like a=20
19 day base thats is sloping down with light volume. If volume pick up =
would a=20
pp of 21.79 be correct?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>I also like the general slope of the =
graph=20
UP!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Ranked top (#1) of the Leisure Gaming =
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>EPS 97 =
=20
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>RS 97</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Ind Group A+</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>ROE 18.2%</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Outstanding Shares 31.5 =
mil</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>PE 19.5</FONT></DIV>
<DIV>
<TABLE cellSpacing=3D1 width=3D"100%" border=3D0>
<TBODY>
<TR align=3Dmiddle>
<TD class=3Dodd width=3D"20%"><FONT face=3DArial =
size=3D2></FONT></TD>
<TD class=3Deven width=3D"20%"><FONT face=3DArial =
size=3D2></FONT><FONT=20
face=3DArial size=3D2></FONT>
<DIV><BR><FONT face=3DArial size=3D2>Any Thoughts</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Marty</FONT> </DIV></TD>
<TD class=3Dodd width=3D"20%"> </TD>
<TD class=3Deven width=3D"20%"><FONT face=3DArial =
size=3D2></FONT></TD>
<TD class=3Dodd width=3D"20%"><BR></TD></TR>
<TR align=3Dmiddle>
<TD class=3Dodd><SPAN class=3Dbigr><STRONG></STRONG></SPAN></TD>
<TD class=3Deven><SPAN class=3Dbigr><STRONG></STRONG></SPAN></TD>
<TD class=3Dodd><SPAN class=3Dbigr><STRONG></STRONG></SPAN></TD>
<TD class=3Deven><SPAN class=3Dbigr><STRONG></STRONG></SPAN></TD>
<TD class=3Dodd><SPAN=20
=
class=3Dbigr><STRONG></STRONG></SPAN></TD></TR></TBODY></TABLE></DIV></BL=
OCKQUOTE></BODY></HTML>
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------------------------------
Date: Wed, 1 May 2002 22:20:53 -0400
From: "Jeff Bogatay" <jeff@bogatay.com>
Subject: RE: [CANSLIM] USLB
Greetings Group.
First time poster. 30 days ago I didn't know much of anything about the
stock markets. I've crammed a bunch of stuff into that 30 days. While
my short-term goals are more swing trade/TA oriented, I do find the
discourse in this group educational.
I think I can answer your questions Parnelli..
#1) WON == William O'Neil
#2) The pivot point is the point at which resistance becomes support.
Katerine's example of the ideal entry point was the low for the breakout
day. The odds of you timing your buy right at 12.04 are fairly slim. I
think her main point was you were chasing this stock up and missed the
actual breakout. The actual pivot point is probably more in the 11.35 -
11.45 range.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Parnelli
Sent: Wednesday, May 01, 2002 9:54 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] USLB
You're definitely right Katherine about experience being the best
teacher. I have two stupid questions (intended to get me up to speed so
I can contribute to the board), what is WON and is there a tool that can
help me find the pivot point? I really do appreciate your help!!!
- -Parnelli
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 1 May 2002 22:31:15 -0400
From: "Parnelli" <pgone@fuse.net>
Subject: Re: [CANSLIM] USLB
Thanks Jeff...and welcome! Has your cramming turned into any successes.
I'm overwhelmed by the info that's out there. Have you found any shortcuts.
I'm finding it difficult to handle a career and keep up. Thanks, Parnelli
- ----- Original Message -----
From: "Jeff Bogatay" <jeff@bogatay.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, May 01, 2002 10:20 PM
Subject: RE: [CANSLIM] USLB
> Greetings Group.
>
> First time poster. 30 days ago I didn't know much of anything about the
> stock markets. I've crammed a bunch of stuff into that 30 days. While
> my short-term goals are more swing trade/TA oriented, I do find the
> discourse in this group educational.
>
> I think I can answer your questions Parnelli..
>
> #1) WON == William O'Neil
>
> #2) The pivot point is the point at which resistance becomes support.
> Katerine's example of the ideal entry point was the low for the breakout
> day. The odds of you timing your buy right at 12.04 are fairly slim. I
> think her main point was you were chasing this stock up and missed the
> actual breakout. The actual pivot point is probably more in the 11.35 -
> 11.45 range.
>
>
>
>
>
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Parnelli
> Sent: Wednesday, May 01, 2002 9:54 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] USLB
>
>
> You're definitely right Katherine about experience being the best
> teacher. I have two stupid questions (intended to get me up to speed so
> I can contribute to the board), what is WON and is there a tool that can
> help me find the pivot point? I really do appreciate your help!!!
> -Parnelli
>
>
>
> -
> -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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- -In the email body, write "subscribe canslim" or
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------------------------------
Date: Wed, 1 May 2002 21:32:41 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: [CANSLIM] Commonly used references on the list
This is a multi-part message in MIME format.
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Commonly used abbreviations:
WON =3D William O'Neil, originator of CANSLIM
HTMMIS =3D "How to Make Money in Stocks" by William J. O'Neil
IBD =3D Investors Business Daily (www.investors.com)
BO or B/O =3D Breakout
MA =3D Moving Average
dMA =3D days Moving Average
VR =3D Virtual Reality fund
M =3D Market ( the "M" in CANSLIM)
N =3D New (the "N" in CANSLIM)
LOL =3D Laughing Out Loud
DD=3D Due Diligence
IBD/CANSLIM Proprietary Rankings:
GRS =3D Group Relative Strength
RS =3D Relative Strength
EPS =3D Earnings per Share Rank
SMR =3D Sales/Margins/ROE
A/D =3D Accumulation/Distribution
Accounting/Finance Abbreviations:
BS or B/S =3D Balance Sheet
IS or I/S =3D Income Statement
cflo =3D Cash Flow
Pro Forma earnings =3D http://www.sec.gov/investor/pubs/proforma12-4.htm
D/E =3D Debt to Equity
PE or P/E =3D Price to Earnings ratio
Commonly discussed technical patterns:
LLUR =3D Lower Left Upper Right -- essentially a stock in an uptrend =
that moves within a tight channel (this is *not* a base)
A Base =3D Ascending Base
C&H or CwH =3D Cup and Handle=20
HTF =3D High Tight Flag
Flat Base
Double Bottoms
Commonly discussed software/tools:
DGO=3D DailyGraphs Online ( www.dailygraphs.com)
QP2 =3D Quotes Plus (www.qp2.com)
HGSI =3D High Growth Stock Investing (www.highgrowthstock.com)
TC2000 =3D Worden Brothers TC2000 technical analysis software =
(http://www.tc2000.com)
VV=3D VectorVest (www.vectorvest.com)
Favorite free sites for stock scanning:
http://moneycentral.msn.com/investor/finder/predefstocks.asp
Favorite free sites for charting:
www.stockcharts.com
www.bigcharts.com
http://www.moneycentral.msn.com/investor/charts/charting.asp?Symbol=3Dcsc=
o
Favorite free sites for due diligence:
Company's web site
http://biz.yahoo.com/p/c/csco.html
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</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>
<DIV><EM>Commonly used abbreviations:</EM></DIV>
<DIV>WON =3D William O'Neil, originator of CANSLIM</DIV>
<DIV>HTMMIS =3D "How to Make Money in Stocks" by William J. O'Neil</DIV>
<DIV>IBD =3D Investors Business Daily (<A=20
href=3D"http://www.investors.com">www.investors.com</A>)</DIV>
<DIV>BO or B/O =3D Breakout</DIV>
<DIV>MA =3D Moving Average</DIV>
<DIV>dMA =3D days Moving Average</DIV>
<DIV>VR =3D Virtual Reality fund</DIV>
<DIV>M =3D Market ( the "M" in CANSLIM)</DIV>
<DIV>N =3D New (the "N" in CANSLIM)</DIV>
<DIV>LOL =3D Laughing Out Loud</DIV>
<DIV>DD=3D Due Diligence</DIV>
<DIV> </DIV>
<DIV><EM>IBD/CANSLIM Proprietary Rankings:</EM></DIV>
<DIV>GRS =3D Group Relative Strength</DIV>
<DIV>RS =3D Relative Strength</DIV>
<DIV>EPS =3D Earnings per Share Rank</DIV>
<DIV>SMR =3D Sales/Margins/ROE</DIV>
<DIV>A/D =3D Accumulation/Distribution</DIV>
<DIV> </DIV>
<DIV><EM>Accounting/Finance Abbreviations:</EM></DIV>
<DIV>BS or B/S =3D Balance Sheet</DIV>
<DIV>IS or I/S =3D Income Statement</DIV>
<DIV>cflo =3D Cash Flow</DIV>
<DIV>Pro Forma earnings =3D <A=20
href=3D"http://www.sec.gov/investor/pubs/proforma12-4.htm">http://www.sec=
.gov/investor/pubs/proforma12-4.htm</A></DIV>
<DIV>D/E =3D Debt to Equity</DIV>
<DIV>PE or P/E =3D Price to Earnings ratio</DIV>
<DIV> </DIV>
<DIV><EM>Commonly discussed technical patterns:</EM></DIV>
<DIV>LLUR =3D Lower Left Upper Right -- essentially a stock in an =
uptrend=20
that moves within a tight channel (this is *not* a base)</DIV>
<DIV>A Base =3D Ascending Base</DIV>
<DIV>C&H or CwH =3D Cup and Handle </DIV>
<DIV>HTF =3D High Tight Flag</DIV>
<DIV>Flat Base</DIV>
<DIV>Double Bottoms</DIV>
<DIV> </DIV>
<DIV><EM>Commonly discussed software/tools:</EM></DIV>
<DIV>
<DIV>DGO=3D DailyGraphs Online ( <A=20
href=3D"http://www.dailygraphs.com">www.dailygraphs.com</A>)</DIV></DIV>
<DIV>QP2 =3D Quotes Plus (<A =
href=3D"http://www.qp2.com">www.qp2.com</A>)</DIV>
<DIV>HGSI =3D High Growth Stock Investing (<A=20
href=3D"http://www.highgrowthstock.com">www.highgrowthstock.com</A>)</DIV=
>
<DIV>TC2000 =3D Worden Brothers TC2000 technical analysis software =
(<A=20
href=3D"http://www.tc2000.com">http://www.tc2000.com</A>)</DIV>
<DIV>VV=3D VectorVest (<A=20
href=3D"http://www.vectorvest.com">www.vectorvest.com</A>)</DIV>
<DIV> </DIV>
<DIV><EM>Favorite free sites for stock scanning:</EM></DIV>
<DIV><A=20
href=3D"http://moneycentral.msn.com/investor/finder/predefstocks.asp">htt=
p://moneycentral.msn.com/investor/finder/predefstocks.asp</A></DIV>
<DIV><EM></EM> </DIV>
<DIV><EM>Favorite free sites for charting:</EM></DIV>
<DIV><A =
href=3D"http://www.stockcharts.com">www.stockcharts.com</A></DIV>
<DIV><A href=3D"http://www.bigcharts.com">www.bigcharts.com</A></DIV>
<DIV><A=20
href=3D"http://www.moneycentral.msn.com/investor/charts/charting.asp?Symb=
ol=3Dcsco">http://www.moneycentral.msn.com/investor/charts/charting.asp?S=
ymbol=3Dcsco</A></DIV>
<DIV> </DIV>
<DIV><EM>Favorite free sites for due diligence:</EM></DIV>
<DIV>Company's web site</DIV>
<DIV><A=20
href=3D"http://biz.yahoo.com/p/c/csco.html">http://biz.yahoo.com/p/c/csco=
.html</A></DIV></DIV></BODY></HTML>
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------------------------------
Date: Wed, 1 May 2002 21:36:51 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] USLB
This is a multi-part message in MIME format.
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Hi Parnelli,
The best way to identify pivot points is to practice, practice, practice =
reading charts. Any charting tool that shows price/volume action will =
allow you to identify the technical pattern and "ideal" entry point.
A good place to start is at the IBD site itself:
http://www.investors.com/learn/b09.asp
You can chart for free at www.bigcharts.com, www.stockcharts.com etc.
There are services that will identify the pivot points, but they charge =
for the convenience.
Katherine
----- Original Message -----=20
From: Parnelli=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 8:53 PM
Subject: Re: [CANSLIM] USLB
You're definitely right Katherine about experience being the best =
teacher. I have two stupid questions (intended to get me up to speed so =
I can contribute to the board), what is WON and is there a tool that can =
help me find the pivot point? I really do appreciate your help!!! =
- -Parnelli
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 9:46 PM
Subject: Re: [CANSLIM] USLB
Youch....well, you've probably learned the second most important =
rule in CANSLIM.....don't buy extended stocks. If you purchased at =
$16.25, support was a long way away. The pivot on this one was $11.55. =
The gap on the open 3/25 meant that your best entry would have been =
around $12.04. That means it was (16.25-12.04)/12.04 =3D 35% extended on =
purchase. You can see why this is a critical technical guideline. WON =
says about 40% of stocks will pullback to their pivot before moving on. =
If you find a good stock but miss the valid breakout, WAIT and see if =
you can get a second chance entry or wait until it consolidates again =
and breaks out before jumping in. Buying an extended stock is a little =
like bungee jumping without a rope. One of the most critical (and most =
difficult) skills required in CANSLIM investing is patience.
See a marked chart at =
http://WallStreet-LLC.com/canslim/USLB050102.jpg
Oh yes...welcome to the list!
Katherine
PS...one of the best ways to really "get" a CANSLIM rule is to =
experience it first hand. Been there, done that, that's why I remember =
it myself!
----- Original Message -----=20
From: Parnelli=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 7:53 PM
Subject: Re: [CANSLIM] USLB
Thanks Katherine...unfortunately I bought it a week before =
earnings at $16.25 and then it started tanking. Then when their numbers =
came out (I thought they were excellent), but apparently I was the only =
one who felt that way-ouch! Oh well, all part of the learning curve. I =
still think it looks like a good company and I've considered averaging =
down, however, O'neil is not a big fan of that move. Obviously, I =
should have kept my loss from exceeding 8%...but I'm learning. Thanks, =
Parnelli
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 8:44 PM
Subject: Re: [CANSLIM] USLB
Hi Parnelli,
When did you buy? If you bought on the breakout 3/25 then you =
shouldn't have been "slammed" as the big downward action 4/23-4/25 is =
most likely market driven. A good buy would have allowed you to weather =
the action and see if it held above the pivot and the 50dMA, which it's =
done, showing very good support 4/29 with high volume and an upward =
tail.
Katherine
----- Original Message -----=20
From: Parnelli=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, May 01, 2002 7:39 PM
Subject: [CANSLIM] USLB
Hi Board,
I'm a new "canslimer" and thought I was an IBD guru until I =
bought USLB and it slammed me. I know I missed on the "M", but for the =
life of me I can't see any other problems. If any experienced folks =
follow this stock and can give me their two cents worth I'd be very =
appreciative. Many thanks, Parnelli =20
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</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Hi Parnelli,</DIV>
<DIV> </DIV>
<DIV>The best way to identify pivot points is to practice, practice, =
practice=20
reading charts. Any charting tool that shows price/volume action will =
allow you=20
to identify the technical pattern and "ideal" entry point.</DIV>
<DIV> </DIV>
<DIV>A good place to start is at the IBD site itself:</DIV>
<DIV><A=20
href=3D"http://www.investors.com/learn/b09.asp">http://www.investors.com/=
learn/b09.asp</A></DIV>
<DIV> </DIV>
<DIV>You can chart for free at <A=20
href=3D"http://www.bigcharts.com">www.bigcharts.com</A>, <A=20
href=3D"http://www.stockcharts.com">www.stockcharts.com</A> etc.</DI=
V>
<DIV> </DIV>
<DIV>There are services that will identify the pivot points, but they =
charge for=20
the convenience.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dpgone@fuse.net href=3D"mailto:pgone@fuse.net">Parnelli</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> Wednesday, May 01, 2002 =
8:53=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>You're definitely right Katherine about =
experience=20
being the best teacher. I have two stupid questions (intended to =
get me=20
up to speed so I can contribute to the board), what is WON and is =
there a tool=20
that can help me find the pivot point? I really do appreciate =
your=20
help!!! -Parnelli</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, May 01, 2002 =
9:46=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV>Youch....well, you've probably learned the second most =
important rule=20
in CANSLIM.....<EM>don't buy extended stocks</EM>. If you purchased =
at=20
$16.25, support was a long way away. The pivot on this one was =
$11.55. The=20
gap on the open 3/25 meant that your best entry would have been =
around=20
$12.04. That means it was (16.25-12.04)/12.04 =3D <EM><STRONG>35%=20
extended</STRONG></EM> on purchase. You can see why this is a =
critical=20
technical guideline. WON says about 40% of stocks will pullback to =
their=20
pivot before moving on. If you find a good stock but miss the valid=20
breakout, WAIT and see if you can get a second chance entry or wait =
until it=20
consolidates again and breaks out before jumping in. Buying an =
extended=20
stock is a little like bungee jumping without a rope. One of the =
most=20
critical (and most difficult) skills required in CANSLIM investing =
is=20
patience.</DIV>
<DIV> </DIV>
<DIV>See a marked chart at <A=20
=
href=3D"http://WallStreet-LLC.com/canslim/USLB050102.jpg">http://WallStre=
et-LLC.com/canslim/USLB050102.jpg</A></DIV>
<DIV> </DIV>
<DIV>Oh yes...welcome to the list!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>PS...one of the best ways to really "get" =
a CANSLIM rule is=20
to experience it first hand. Been there, done that, that's why I =
remember it=20
myself!</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=3Dpgone@fuse.net =
href=3D"mailto:pgone@fuse.net">Parnelli</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Wednesday, May 01, =
2002 7:53=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Thanks Katherine...unfortunately I bought it a =
week=20
before earnings at $16.25 and then it started tanking. Then =
when=20
their numbers came out (I thought they were excellent), but =
apparently I=20
was the only one who felt that way-ouch! Oh well, all part =
of the=20
learning curve. I still think it looks like a good company =
and I've=20
considered averaging down, however, O'neil is not a big fan of =
that=20
move. Obviously, I should have kept my loss from exceeding =
8%...but=20
I'm learning. Thanks, Parnelli</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Wednesday, May 01, =
2002 8:44=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV>Hi Parnelli,</DIV>
<DIV> </DIV>
<DIV>When did you buy? If you bought on the breakout 3/25 then =
you=20
shouldn't have been "slammed" as the big downward action=20
4/23-4/25 is most likely market driven. A good buy would =
have=20
allowed you to weather the action and see if it held above the =
pivot and=20
the 50dMA, which it's done, showing very good support 4/29 with =
high=20
volume and an upward tail.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dpgone@fuse.net =
href=3D"mailto:pgone@fuse.net">Parnelli</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Wednesday, May =
01, 2002=20
7:39 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
USLB</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Hi Board,</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>I'm a new "canslimer" and thought I was an =
IBD guru=20
until I bought USLB and it slammed me. I know I missed =
on the=20
"M", but for the life of me I can't see any other =
problems. If=20
any experienced folks follow this stock and can give me their =
two=20
cents worth I'd be very appreciative. Many thanks,=20
=
Parnelli </FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></=
BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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