The Darvas Box Thread - Using the Nicholas Darvas system Message Board

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Strategies & Market Trends : The Darvas Box Thread - Using the Nicholas Darvas system

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To: Dow Beater who wrote (226)	1/18/1999 1:58:00 PM
From: jan_mike	Read Replies (3) of 498

It seems like uncertain times for real companies right now. Real as opposed to internet, that is. I have a penny stock going ballistic, but you can't mention those out loud. I'm tracking at least a hundred real companies trying to find what look like sustainable breakouts. Also scanning volume % increase winners etc. Nothing that looks like a guarantee popping up. The S&P Outlook this week said that it seemed like almost a curse to have earnings right now. If you have real earnings and a track record, then people can associate some kind of finite valuation to your stock. If you're completely out of control like the internet stocks, people can "buy without concience" because they can pretend the sky's the limit. I keep giving this speech to derision all over, but there's no new paradigm in investing. A company can only carry a 1300 p/e for so long. The pre-depression real estate speculators thought they had a new paradigm too. I found a hell of a good value stock while I was prospecting, but it's not showing readiness to take wing. It did have a big volume surge Friday, but no price breakout. The company is (NYSE - NCS), NCI Building Systems. Put you to sleep reading about them. They make garage doors and pole barns and such. The scan it popped up on was 25% growth for last 12 months eps 25% growth EPS over same quarter last year 5 year growth of 25% 5 years increasing eps growth Float is 15 million. p/e is 13 price/sales is .72 forward PEG is .2 (two tenths)

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