CANSLIM.net NEWS MONTHLY NEWSLETTER
FOR DECEMBER 2009
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DOW 10,344.84 YTD +17.87% |
Nasdaq 2,144.60 YTD +35.99% | S&P 500 1,110.50
YTD +22.94% (as of 11/30/2009)
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Market In Tenuous Position While Leadership Has Narrowed
Adam Sarhan, Contributing Writer, www.CANSLIM.net
The major averages rallied sharply last month as the bulls showed up and quelled the bearish pressure. The tape is somewhat mixed right now but the bulls still remain in control. In late October, the 7-month robust rally we witnessed in the US equity market came to an abrupt end, sending the major averages back into a serious correction for the first time since early March. However, in early November, the bulls showed up and confirmed a new rally attempt as the US dollar fell. Leadership has narrowed considerably, however, as the major averages are consolidating their recent move.
Earnings & Economic Data: B
Before we get into details about the current rally, it is important to discuss how the market reacted to the latest round of economic and earnings data. So far, the market has responded relatively well, which is a sharp improvement from last month and an overall healthy sign. The labor department said US employers slashed -190,000 jobs in October which was higher than the Street's forecast for a decline of -175,000. The unemployment rate surged to a new 26-year high of -10.2% which topped the Street's estimate of a -9.9% rate. The last time the unemployment rate hit double digits was in June 1983 (when it was -10.1%). Payrolls have declined for the past 22 consecutive months and a total of 7.3 million jobs have been lost during that time. Since the start of the recession there are 15.3 million people unemployed, which is more than double the number when the recession began. Many people are concerned that unemployment woes will continue well into 2010 and they might adversely affect the economic recovery.
In early November, C I T Group filed for Chapter 11 bankruptcy protection, which was the largest corporate bankruptcy this month and the latest ailing financial firm to fall. Elsewhere, the Institute for Supply Management released a stronger than expected factory index which was a healthy economic data point. The ISM factory index rose to 55.7 in October which was the fastest growth rate for that index in 3 years! Separately, the Commerce Department said construction spending unexpectedly rose +0.8% in September which suggested an uptick in spending. The National Association of Realtors said signed purchase agreements for homes grew by +6.1% as the housing market continues to make its way out of the worst housing collapse in several generations. In the middle of November, the National Association of Realtors said that home prices fell in 8 out of every 10 US cities last quarter. Sellers continue to lower prices to attract buyers, which has caused the price of the average home to decline to $177,900, which is -11% below Q3 2008's levels. Distressed sales, a.k.a. deeply discounted sales, made up 30% of all deals according to their data. The good news in the report was that home sales continued to climb and two dozen cities saw home prices actually climb. Remember the ideal scenario for the real-estate market to recover will be higher home prices coupled with more sales.
Market Action: Price/Volume C+
The major averages confirmed their latest rally attempt on Monday November 9, 2009 when they scored a proper follow-through day (FTD). The catalyst which helped the market rally was when the Group of 20 (G20) largest industrial nations agreed to maintain their economic stimulus package as the global economy continues to recover. The fact that the market scored a proper FTD so quickly reiterates how strong this market actually is. On every rally since the initial lows in March 2009, each pullback has been less than -8% and the bulls have promptly showed up to quell the bearish pressure and send stocks higher. The latest correction began on October 28, 2009 and ended on November 9, 2009 when the newest rally-attempt was confirmed. To avoid any confusion, the official status of the market changed from "rally attempt" to "confirmed rally." Now that the market is back in a confirmed rally, growth investors have a green light for buying stocks when they trigger fresh technical buy signals and break out of sound bases.
The stock market remains strong as long as the US dollar continues to fall and the global economic stimulus package continues. Remember, that the major averages topped out in October 2007 then proceeded to precipitously plunge until they put in a near term bottom in early March 2009. Since then, the market snapped back and enjoyed hefty gains which helped send the major averages to one of their strongest 7-month rallies in history. The small cap Russell 2000 Index was the standout winner, surging a whopping +83% before reaching its interim high of 625.31 on September 23, 2009. Since then, the small cap index has woefully underperformed its peers, which is not a healthy sign.
As of this writing, the market remains in a tenuous position as a very small area of leadership mainly highly liquid technology stocks: GOOG, AMZN, PCLN, AAPL, and BIDU and gold stocks have worked while other groups have lagged. (Editor's Note: Of those symbols listed, only BIDU is currently a Featured Stock.) Ideally, one would like to see leadership expand as the major averages move higher. Until then, remain patient and let the market come to you. As always, we will continue to objectively analyze price and volume to better understand the market's underlying health and remain fluid with our approach. Never argue with the tape, and always keep your losses small.
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Adam Sarhan is a Registered Representative and Vice President of Investments with Source Capital Group (Member FINRA,SIPC) and offers a suite of services for individual and institutional investors. Mr. Sarhan earned a BA and MA in Political Science from Florida Atlantic University and he is well versed in capital markets. In addition, Mr. Sarhan completed the CAN SLIM® Masters Program presented by Investor's Business Daily. Investors with a significant financial interest may inquire about opening an account by calling the office locally at 954-785-1990 or 1-888-237-8399 or emailing to asarhan@sourcegrp.com. Further information is always available upon request. Contact us if you know anyone that may have an interest in receiving this or any of our other products. |
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You
stack the odds of making a winning trade
in your favor by choosing a leading
company in a leading industry group, so
when buying stocks be sure to choose one
with plenty of company, that is a
stock trading among a group of several
strong-performing peers!
Familiarize yourself with the list of
the top performing industry groups and
leading stocks listed below. These
symbols and related companies ARE NOT
intended to be construed as a list of
timely and proper choices based on the
CAN SLIM® investment
program. These pace-setters in each of
the currently top-ranked groups listed
may not presently fit within the
guidelines we suggest adhering to. The
point is that it is always wise to
choose leaders in the same or a very
similar business to that of the
strongest stocks in the market. Find
companies that resemble other strong
stocks' leadership characteristics.
| 99 |
COMPUTER SOFTWARE & SERVICES |
CTSH - 15, TDC - 13, WIT - 13, INFY - 12, JDAS - 6, RDWR - 6, SXCI - 6, ARST - 5, MSTR - 4, CVLT - 4, EPAY - 4, FDS - 4, IGTE - 3, LFT - 2, UIS - 2, |
| 86 |
DRUGS |
VRX - 15, WX - 15, HLF - 11, PRGO - 9, LIFE - 8, MYL - 8, RDY - 6, NTY - 5, SSRX - 4, PRX - 2, HSP - 2, WCRX - 1, |
| 65 |
DIVERSIFIED SERVICES |
CATM - 17, LPSN - 11, TTEC - 10, RINO - 9, SVM - 7, VPRT - 7, EXLS - 2, ICTG - 1, CLCT - 1, |
| 52 |
HEALTH SERVICES |
BIOS - 19, ISRG - 14, TRCR - 7, GIVN - 6, ACL - 2, SIRO - 2, PRSC - 1, CI - 1, |
| 51 |
INTERNET |
MELI - 13, ASIA - 10, PCLN - 7, FFIV - 6, BIDU - 6, BCSI - 5, CRM - 3, RAX - 1, |
| 47 |
FOOD & BEVERAGE |
CQB - 13, MFW - 10, PEET - 8, COT - 7, ABV - 4, WBD - 2, JBSS - 2, CRESY - 1, |
| 42 |
METALS & MINING |
IAG - 14, EGO - 12, NXG - 5, SLW - 5, BVN - 4, GG - 2, |
| 40 |
TELECOMMUNICATIONS |
CTEL - 12, VIV - 11, TSTC - 7, ABVT - 6, VIP - 2, APKT - 1, TWTC - 1, |
| 33 |
LEISURE |
SBUX - 14, CTRP - 10, HMIN - 6, DDRX - 2, CBRL - 1, |
| 30 |
MANUFACTURING |
BUCY - 12, CYD - 7, HEAT - 6, HRBN - 5, |
| 30 |
BANKING |
BOFI - 10, HDB - 8, BMA - 7, BBV - 5, |
| 29 |
FINANCIAL SERVICES |
DLLR - 10, ECPG - 7, BLK - 5, OPY - 4, ACF - 3, |
| 27 |
ELECTRONICS |
OPLK - 11, AIXG - 5, JST - 4, IMA - 3, ATHR - 2, BRKR - 2, |
| 26 |
SPECIALTY RETAIL |
MED - 12, NFLX - 9, ULTA - 3, BGFV - 2, |
| 22 |
CHEMICALS |
KMGB - 12, NEU - 8, SCL - 1, LZ - 1, |
| 20 |
TRANSPORTATION |
GOL - 15, TAM - 3, CPA - 2, |
| 20 |
WHOLESALE |
ANW - 7, ITRN - 5, NUS - 3, MCK - 2, WILC - 2, TECD - 1, |
| 19 |
COMPUTER HARDWARE |
CML - 9, QTM - 4, WDC - 4, NTAP - 2, |
| 18 |
AUTOMOTIVE |
FSYS - 14, CAAS - 4, |
| 18 |
CONSUMER NON-DURABLES |
SWM - 6, CTB - 3, RL - 3, BARE - 2, DECK - 2, TUP - 2, |
| 18 |
MEDIA |
DGIT - 9, NETC - 6, IUSA - 3, |
| 17 |
RETAIL |
DBRN - 5, LL - 5, CBD - 4, KIRK - 2, CHS - 1, |
| 17 |
ENERGY |
DRQ - 8, GPRE - 8, ATW - 1, |
| 14 |
CONGLOMERATES |
GY - 14, |
| 11 |
INSURANCE |
GLRE - 10, CHSI - 1, |
| 7 |
CONSUMER DURABLES |
DEER - 7, |
| 6 |
METALS & MINING |
LIHR - 6, |
| 3 |
FOOD & BEVERAGE |
CBY - 3, |
| 2 |
MATERIALS & CONSTRUCTION |
TRIT - 2, |
| 1 |
AEROSPACE/DEFENSE |
HSR - 1, |
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INM Dec '09 - Reevaluating Funds and Retirement Account Management
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
Much truth is behind the often-made point that the majority of investors tend to exhibit exceptionally bad timing. So, we have come to recognize the value of contrary indicators as they help to weigh in on the decision making process. The opinion that matters most is the market's opinion, which is why we stay attentive to market direction.
Recognizing that a few mutual funds (in the growth category) she has owned since July of 1998 have really rebounded impressively from their March 2009 lows, my mother decided to call me up in recent weeks to discuss matters. She pointed out that she did not panic and sell at the absolute "worst" time, but that she felt very fortunate to have seen such a great improvement from the lows, and so she was considering taking a good portion of the money out of those funds now to eliminate the chance that another downturn could wreak havoc on her retirement nest egg.
Mom is still a big fan of CDs and Money Market funds which are guaranteed, but back in 1998 she was suddenly compelled to get more aggressive. If memory serves well, she went to a free luncheon or dinner and heard a convincing presentation from a person about some well-recognized mutual funds with an excellent track record. As contrary indicators, I felt her decision to sell could be almost as bullish an indicator as her decision in 1998 to buy those funds was a bearish indicator.
I had decided, years earlier, that I was not going to go with funds that were bound to produce near "average" returns. I would use the investment system described in the book "How To Make Money In Stocks", and recommend that my clients use it too, because it offered a real chance at "above average" returns. But, I was not strongly opposed when she wanted to buy the funds, because I believed that she would stick with them for a long time, allowing them to do what they historically have done. She did stick with them, but they have not even kept up with guaranteed CDs or Money Market funds. And 11 years later, she is stuck with losses as those funds have not kept pace with their historical performance. I understand that a lot of investors who might be reading this newsletter are in a predicament much like my mom's. Reevaluating certainly makes sense!

PICTURED 1 : The IBD Mutual Fund Index has rallied +64.4% from its March 2009 low.
There is no simple way to reassure those who would still say that investing in individual stocks is "too risky". At least with a disciplined approach to limiting losses at 7-8% in individual stocks, investors should be able to spare themselves from suffering terrible setbacks like most fund investors endured in 2008.
RETIREMENT ACCOUNT CONVERSIONS & MANAGEMENT A recent trend we have seen is that investors with Traditional IRA accounts have been converting them to Roth IRA accounts. There is the long-term advantage that, at retirement, withdrawals from a Roth IRA are not taxed as income, but there are consequences to converting which may likely impact your tax liability in the immediate term. There were some pundits earlier this year suggesting the conversions be made when valuations were low and the immediate impact was less substantial.
Contact us if you may have an interest in converting your IRA, or if you simply need to get a better plan in place to manage your retirement portfolio in a proactive manner using the investment system. Whenever you have good fortune of landing big winners, it is nice to keep those gains working for you instead of sending a big chunk of them off to the IRS for redistribution as the policymakers see fit.
A LOOK AT MARKET BREADTH A number of loyal readers have appreciated and commented on my past references to the Advance/Decline lines for the major exchanges, so I am including a current chart which illustrates the weaker action in the Nasdaq overall. Note the line's downturn since October, which helps explain why many sell stop orders went off in recent weeks -while more stocks have been falling, instead of rising. The NYSE Advance/Decline line (not shown) has been holding up better.

PICTURED 2: The Nasdaq's Advance/Decline line showed a positive bias for many months, but turned uglier in October and has yet to improve.
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Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program. Mr. Gruneisen is a Registered Principal and manages a Source Capital Group Member FINRA,SIPC) branch office offering personalized assistance. Further information is always available upon request via (954) 785-1990 or 1-888-237-8399 or email
kgruneisen@sourcegrp.comThe recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Source Capital Group, Inc. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. Source Capital Group, Inc. is a FINRA/SIPC member firm. |
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This section of CANSLIM.net News is probably the most read by our members, as it usually includes a couple of high-ranked leaders that are among the most ideal looking buy candidates under the investment system's guidelines. If it were entirely up to our staff, we would have a long list of new ideas to present with detailed analysis and annotated graphs in every issue. However, the responsible thing to do for now is hold off on featuring new ideas, since leadership is very elusive of late. Regular readers of CANSLIM.net's daily reports are well aware of the lack of leadership and dearth of strong stocks for consideration.
When conditions improve, patient and watchful CANSLIM.net members should be able notice that improvement in a number of ways. First, the list of stocks meeting the Mid-Day report's screen parameters will expand, and new ideas worthy of possible action will be highlighted in yellow with pivot points and max buy levels identified. This can only happen as the market action dictates. Our experts on staff will also produce more detailed Stock Bulletins including annotated graphs, when and only when healthy leaders are setting up and meeting all key criteria. Another thing to watch for will be a Special Report, just as new rallies have prompted in the past, and which is only possible with widespread leadership. And of course, CANSLIM.net News will have more ideas featured in this "Stocks to Watch in This New Market" section when the M criteria is finally saying that investor's odds are better in stocks - evidenced by more strong leaders.
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Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program. Mr. Gruneisen is a Registered Principal and manages a Source Capital Group Member FINRA,SIPC) branch office offering personalized assistance. Further information is always available upon request via (954) 785-1990 or 1-888-237-8399 or email
kgruneisen@sourcegrp.comThe recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Source Capital Group, Inc. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. Source Capital Group, Inc. is a FINRA/SIPC member firm. |
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Color Codes Explained : Y - Yellow - Better candidates highlighted by our staff
of experts. G - Green - Previously featured in past reports as yellow but may no
longer be buyable under the guidelines. W - White designates that the
stock has been dropped over the course of the month. Refer to the
associated notes for that stock for further explanation.
Quote details are snapshots of price/volume detail captured at
the time the note was taken.
Symbol/Exchange Company Name Industry Group |
Last |
Chg. |
Vol % DAV |
Date Featured |
Price Featured |
Latest Pivot Point Featured |
| Latest Max Buy Price |
ARO
- NYSE
Aeropostale Inc
RETAIL - Apparel Stores
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$33.47
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-4.56
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13,928,341 N/A
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8/21/2009 (Date
Featured) |
$39.21
(Price
Featured) |
PP = $44.95 |
| MB = $47.20 |
Most Recent Note - 11/5/2009
Gapped down today and closed at its 200 DMA line with a considerable loss on 5 times average volume after reporting disappointing quarterly results. Concerns were recently noted by its technical deterioration under under its July 20th high close. Based on the weak action it will be dropped from the Featured Stocks list tonight. Last week's previously noted technical sell signals and deterioration negated its 8/21/09 technical breakout with a close below July's highest close (its highest pre-breakout close).
>>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2009. click here.
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ARST
- NASDAQ
Arcsight Inc
COMPUTER SOFTWARE & SERVICES - Business Software & Services
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$22.75
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-0.69
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661,337 114% DAV 582,100
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9/1/2009 (Date
Featured) |
$19.91
(Price
Featured) |
PP = $20.90 |
| MB = $21.95 |
Most Recent Note - 11/30/2009 5:13:03 PM
G - Loss today on heavier and slightly above average volume led to more technical damage. The prior gap down and close below its 50 DMA line, and violation of its 10/28/09 low, may be considered technical sell signals. ARST was first featured in yellow at $19.91 in the 9/01/09 mid-day report with an annotated daily graph (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 11/19/2009. click here.
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ASIA
- NASDAQ
Asiainfo Holdings Inc
INTERNET - Internet Software & Services
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$24.59
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+0.21
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751,152 74% DAV 1,017,600
|
10/14/2009 (Date
Featured) |
$23.05
(Price
Featured) |
PP = $22.19 |
| MB = $23.30 |
Most Recent Note - 11/30/2009 5:14:31 PM
G - Held its ground today after a gap down on the prior session and intra-day lows below its "max buy" level. Featured 10/14/09 in the mid-day report (read here) as it gapped up for a new 52-week high with 5 times average volume, triggering a technical buy signal by blasting above its pivot point. First featured in the August 2009 CANSLIM.net News (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 11/24/2009. click here.
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BIDU
- NASDAQ
Baidu.Com Inc Ads
INTERNET - Internet Information Providers
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$433.74
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-5.98
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1,887,918 88% DAV 2,143,100
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9/8/2009 (Date
Featured) |
$351.80
(Price
Featured) |
PP = $368.59 |
| MB = $387.02 |
Most Recent Note - 11/30/2009 5:16:23 PM
G - Perched near all-time highs. Proved resilient near its 50 DMA line after its 10/27/09 gap down. As recently noted, "Choppy action has not allowed it to form a sound base in recent weeks." BIDU traded up as much as +23% from its price when featured in yellow in the 9/08/09 Mid-Day BreakOuts Report (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 11/25/2009. click here.
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CAAS
- NASDAQ
China Automotive Systems Inc
AUTOMOTIVE - Auto Parts
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$19.35
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+2.42
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2,504,935 715% DAV 350,400
|
11/30/2009 (Date
Featured) |
$18.84
(Price
Featured) |
PP = $17.62 |
| MB = $18.50 |
Most Recent Note - 11/30/2009 5:18:19 PM
Y - Finished the session with a considerable gain on heavy volume. The Chinese maker of power steering systems was rising from an advanced "3-weeks tight" type of chart pattern as it showed up in yellow in today's mid-day report (read here). Today it is also cleared its 2004 all-time high while quickly trading more than +5% above its recent highs. Recent quarters show accelerating sales revenues and earnings increases, and it has a good annual earnings history.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/30/2009. click here.
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CACC
- NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services
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$34.59
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+0.96
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49,125 133% DAV 36,800
|
9/29/2009 (Date
Featured) |
$33.48
(Price
Featured) |
PP = $37.10 |
| MB = $38.96 |
Most Recent Note - 11/30/2009 5:19:54 PM
Y - Gain today with above average volume promptly repaired its prior 50 DMA line violation. Color code was changed to yellow with new pivot point and max buy levels noted. After a 6-week flat base it is continuing its consolidation above prior chart highs in the $32 area. The Finance - Consumer/Commercial Loans firm has maintained a great track record of annual and quarterly sales revenues and earnings increases. It was featured on 9/29/09 in yellow in the mid-day report (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 11/27/2009. click here.
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CRM
- NYSE
Salesforce.com Inc
INTERNET - Internet Software & Services
|
$62.68
|
-0.57
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1,437,988 85% DAV 1,692,700
|
8/16/2009 (Date
Featured) |
$47.12
(Price
Featured) |
PP = $45.59 |
| MB = $47.87 |
Most Recent Note - 11/30/2009 5:21:23 PM
G - Gapped down again today for a small loss on light volume, consolidating near important support at its 50 DMA line again. It has not formed any recent base, and distributional pressure has raised concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2009. click here.
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CTRP
- NASDAQ
Ctrip.com International
LEISURE - Resorts & Casinos
|
$72.16
|
+3.14
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1,146,312 111% DAV 1,035,300
|
10/29/2007 (Date
Featured) |
$56.35
(Price
Featured) |
PP = $63.10 |
| MB = $66.26 |
Most Recent Note - 11/13/2009 12:16:13 PM
Rallying to another new all-time high today. It is extended from any recent base. Found support near its 50 DMA line and prior chart highs after noted in September when rising from a very deep cup-with handle type pattern. Fundamentally, its sales revenues and eanings increases have shown acceleration in the 3 most recent quarterly comparisons and rose above the +25% guideline. Based on weak technical action it was dropped from the Featured Stocks list on 6/10/08, when it closed at $49.84, yet it has rebounded very impressively from subsequent lows in the $16 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/1/2009. click here.
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EBIX
- NASDAQ
Ebix Inc
COMPUTER SOFTWARE & SERVICES - Business Software & Services
|
$53.65
|
-2.79
|
710,474 N/A
|
8/28/2009 (Date
Featured) |
$45.86
(Price
Featured) |
PP = $45.35 |
| MB = $47.62 |
Most Recent Note - 11/5/2009
It will be dropped from the Featured Stocks list tonight after a considerable loss today raised more serious concerns. Technically, it violated important support levels identified in the 11/02/09 analysis with an annotated graph in the Featured Stock Update section of the After Market Update. Fundamentally, results for the recently reported quarter ended Sept 30, 2009 showed sales revenues up only +15% and earnings +23% over the year ago period, continuing a worrisome pattern of decelerating growth and raised concerns by falling under the +25% guideline. Previously noted its negative reversal from all-time highs on 10/26/09, followed by more worrisome distributional pressure.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2009. click here.
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GMCR
- NASDAQ
Green Mountain Coffee Roasters
FOOD & BEVERAGE - Processed & Packaged Goods
|
$62.98
|
+0.03
|
1,198,269 86% DAV 1,388,000
|
10/5/2009 (Date
Featured) |
$71.11
(Price
Featured) |
PP = $75.89 |
| MB = $79.68 |
Most Recent Note - 11/30/2009 5:22:53 PM
G - Small gain on near average volume today. It has failed to rally back after recent distributional pressure, and it recently triggered a sell signal by its 50 DMA line violation. Gapped down on 11/12/09 after reporting strong quarterly results for the period ended Sept 30, 2009. As recently noted, "Its choppy action in recent weeks has not allowed for a sound new base to form."
>>> The latest Featured Stock Update with an annotated graph appeared on 11/20/2009. click here.
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HEAT
- NASDAQ
SmartHeat Inc
MANUFACTURING - Industrial Electrical Equipmen
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$13.22
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+0.37
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2,328,728 336% DAV 693,400
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11/17/2009 (Date
Featured) |
$12.00
(Price
Featured) |
PP = $12.61 |
| MB = $13.24 |
Most Recent Note - 11/30/2009 5:24:30 PM
Y - Gain today on very heavy volume, closing near its max buy level. Consolidated last week after the prior week's gains on heavy volume drew attention. It was first featured in yellow in the 11/17/09 mid-day report (read here) when technically rising from a "double bottom" base, reaching a new all-time high. On 9/18/09 it completed an additional share offering. There is limited history for this small Chinese firm in the Pollution Control - Equipment group, however its reported annual earnings (A criteria) history has been strong, and the 3 latest quarters show sales revenues and earnings increases well above the +25% guideline.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/17/2009. click here.
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LFT
- NYSE
Limited Brands
Apparel Stores
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$35.41
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+0.04
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333,176 69% DAV 481,200
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11/17/2009 (Date
Featured) |
$31.77
(Price
Featured) |
PP = $33.04 |
| MB = $34.69 |
Most Recent Note - 11/30/2009 5:25:56 PM
G - Holding its ground near all-time highs after recently rising from a choppy 14-week base. Prior chart highs in the $31 area are an initial support level to watch. A proposed offering of additional shares on 11/16/09 seems well received by the market. Its fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/18/2009. click here.
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PEGA
- NASDAQ
Pegasystems Inc
COMPUTER SOFTWARE & SERVICES - Business Software & Services
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$29.39
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+1.64
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469,915 N/A
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9/9/2009 (Date
Featured) |
$31.14
(Price
Featured) |
PP = $33.35 |
| MB = $35.02 |
Most Recent Note - 11/5/2009
Posted a solid gain today with above average volume. Based on weak action it will be dropped from the Featured Stocks list tonight. A steep decline on 11/04/09 after reporting results for the quarter ended Sept 30, 2009 led to it briefly undercutting its June-July highs. Prior resistance in the $27 area has been noted as an important chart support level. It would need to rally back above its 50 DMA line for its outlook to improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2009. click here.
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CANSLIM.net Wants to Assure Solid Communications With You
Frank DeBold
Email is a wonderful thing. We have been using email to notify customers of CANSLIM.net's latest reports, updates and other communications since our website's inception. As a member, what are you using to get your notifications of the latest reports from us? Did you know that CANSLIM.net is embracing new Internet-based communications technologies as they have emerged such as RSS, SMS and Web Slices? There are so many ways to communicate timely notices to members that email has the potential to soon become a non-primary means of sending updates to members.
We have heard from many members suggesting that CANSLIM.net should be more involved in social networking and championing the cause for investors using this investment system in hugely popular Online communities like Facebook or MySpace. As a means to communicate with our membership base, however, those services have inherent flaws in that they require you to have an account and disclose personal information in order to use their services. We value the input some members have shared that using those services makes them (or their employers) uncomfortable. A clear concern we have is that your private information must not be compromised. With the report of recent hacks and phishing schemes within these communities being so well publicized, concerns are only increasing that profile information can somehow be breached.
CANSLIM.net encountered some growing pains when recently migrating some of our servers, creating a small conundrum, and resulting in us fielding increased requests from members to use these and other services to disperse our timely information and expertise. We are eager to offer the best possible customer service and respond to the changing technology landscape.
Due to the nature of our notifications, we have concluded that the most appropriate service could be Twitter, because it offers the ability to get out brief messages in a very timely fashion. Twitter does not offer the convenience of email with hyperlinks and rich formatting, yet it will effectively alert members to the latest updates that can be viewed (only by active members) at the CANSLIM.net website.
After some analysis, we are still not sure if CANSLIM.net members are using (and looking forward to) alternate means of communications like Twitter, or if members are aware that they are available. Please feel welcome to send us your feedback or suggestions via the members' inquiry form.
We will be sending out notices and instructions in the coming weeks to assist those who are unfamiliar with these additional communications methods. As always, we are committed to your success.
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