Re: [CANSLIM] [CAN SLIM] POWI (Power Integrations Inc) [Elec Products - Misc.]

From: "Frank V. Wolynski" <Wolynski@MindSpring.Com>
Subject: Re: [CANSLIM] [CAN SLIM] POWI (Power Integrations Inc) [Elec Products - Misc.]
Date: Sat, 14 Nov 1998 16:59:12 -0500

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Top of Thread: Re: [CANSLIM] [CAN SLIM] POWI (Power Integrations Inc) [Elec Products - Misc.] "Tom Worley"
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My group analysis below is for Elec-Misc Components, which is where I
mistakenly placed POWI.
I see IBD actually has them in Elec Products-Misc. 

Sorry for any confusion I may have caused. 
Currently Elec Products-Misc is ranked #122, a jump from last weeks 154. 
Other than that it has pretty much wiggled around in the 100's for months.

Personally, I don't care for them this low in ranking. 
I like them to test out during a correction and hold their gains. 
This usually marches them up in group ranking and RS. 
Perhaps that will be what happens with Elec Products-Misc.

JMTC,
Frank Wolynski

At 14:51 11/14/98 -0500, you wrote:
>I've been watching this group for a couple of weeks now. 
>Popped up strong in ranking during the past few weeks:
>132 -> 112 -> 62 -> 55 -> 49 -> 29 (current ranking)
>
>Strong movements, the group looks good and is the focus of my weekends
>fundamental studies. A few other charts in the group look good for further
>study.
>
>POWI is a young company with good ROE, >36%, little debt. 
>73/99 D/B/A. I wouldn't let the D ranking on the group cause too much
>concern. 
>IBD & WON use a 12 month RS. My charts show POWI at 12 month RS new highs.
>
>Although a bit extended, eh? 
>It is almost double its 200sma and 50% above its 50sma.
>200d sma = 11 15/16
> 50d sma = 13 17/32
>current price = 20 1/8
>
>Looks like the best buy would have been on 10/20 or 10/21 at arround $14 -
>$15.
>
>Regards,
>Frank Wolynski
>
>At 08:43 11/14/98 -0500, you wrote:
>>GRS now up to 40 (Elec Products - Misc). With a float of only 4.8 mil,
>>an ADV of 474,000 doesn't sound right. I suspect there have been sales
>>from early stage investors. I note that altho two thirds of the issue
>>is "off the market", management only owns 29%, so there is a
>>substantial block held by non insiders. Could be a venture capital
>>fund, could be high net worth investors that did bridge financing.
>>Either way, I suspect a larger actual float.
>>
>>Otherwise, looks interesting.
>>
>>Tom W
>>
>>-----Original Message-----
>>From: James H. Coburn <cando@highfiber.com>
>>To: canslim@lists.xmission.com <canslim@lists.xmission.com>
>>Cc: James H. Coburn <cando@highfiber.com>
>>Date: Saturday, November 14, 1998 2:58 AM
>>Subject: [CANSLIM] [CAN SLIM] POWI (Power Integrations Inc) [Elec
>>Products - Misc.]
>>
>>
>>Has anyone been "watching" or already into POWI?
>>
>>C:    999%, 288%, 45%, 120%
>>A:    n/a (in DG, DGO)
>>N:    new high, new product (TinySwitch, a chip that stops 90% of
>>energy
>>loss in lower-power
>>            devices (vacuums, cell phones, appliances).  See IBD
>>10/23/98,
>>New America).
>>
>>S:    12 million outstanding,  4.8 float.
>>L:     EPS = 73  (a bit weak here)
>>I:      18% funds  (down from Sept (24%), up (slightly) from Oct.
>>(17%)).
>>M:    generally up
>>
>>Besides not having a 5 year growth record, another mark on the
>>negative side
>>of POWI is its
>>group strength at 22, it's well back in the pack.  However, sometimes
>>there
>>are leaders and
>>stronger co's in a weak group.
>>
>>On the plus side, the relative strength has been moving up strongly
>>since
>>mid-Oct. and the price increases have been up on STRONG volume the
>>last 3-4
>>weeks.
>>
>>Comments?
>>
>>James Coburn
>>Albuq., NM
>>
>>
>>-
>>
>>
>>
>>-
>>
>>
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