From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1376 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 Thursday, May 17 2001 Volume 02 : Number 1376 In this issue: RE: [CANSLIM] COCO B/O RE: [CANSLIM] Chart Patterns Re: [CANSLIM] ROIL What did I do wrong? RE: [CANSLIM] ROIL What did I do wrong? RE: [CANSLIM] ROIL What did I do wrong? RE: [CANSLIM] Chart Patterns & IBD SEMINAR RE: [CANSLIM] Chart Patterns RE: [CANSLIM] Chart Patterns [CANSLIM] AHMH - breaking out? Re: [CANSLIM] AHMH - breaking out? RE: [CANSLIM] ROIL What did I do wrong? ---------------------------------------------------------------------- Date: Thu, 17 May 2001 09:19:12 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] COCO B/O This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C0DEB2.6F7298A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] COCO B/OAddictive? But do you find them more profitable? Rick -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Wednesday, May 16, 2001 8:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] COCO B/O Just stay away from the small and micro caps, they can be truly = addictive. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: DiFabio, Nancy=20 To: 'canslim@lists.xmission.com'=20 Sent: Wednesday, May 16, 2001 8:04 PM Subject: RE: [CANSLIM] COCO B/O Tom, Thanks for the suggestion. That will be my assignment this evening. Perhaps it will alleviate = my cup and handle mania. Maybe I can replace this fixation with another = chart pattern fixation, at least temporarily. -----Original Message----- From: Tom Worley [mailto:stkguru@netside.net] Sent: Wednesday, May 16, 2001 4:38 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] COCO B/O Rick, Far too many CANSLIMers make the mistake of focusing on, and = trying to only find, cup and handle patterns. This is only one of the = numerous valid and successful CANSLIM chart patterns to look for. I = would suggest you review those 40 stocks again with Chapter 14 of HTMMIS = (How to Read Charts Like an Expert) open beside you. It should make more = sense then. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: Rick Parsons=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 16, 2001 10:29 AM Subject: RE: [CANSLIM] COCO B/O I subscribed to Daily Graphs the paper edition in order to get = the DGO discount. They sent me a booklet titled "Forty Great Stock = Market Winners". If one scans thru these stock charts, they will see = many do NOT have a classic easy to recognize cup and handles or if they = do, they are hard to recognize or are sloppy. Rick -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of DiFabio, Nancy Sent: Tuesday, May 15, 2001 6:43 PM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] COCO B/O I don't see a handle. Where is the handle. It looks like it = shot out without a handle.=20 -----Original Message-----=20 From: Tim Fisher [mailto:Tim@OreRockOn.com]=20 Sent: Tuesday, May 15, 2001 9:49 AM=20 To: canslim@lists.xmission.com=20 Subject: [CANSLIM] COCO B/O=20 Bot this AM, anticipating the pivot @ 48.49 will be reached, = great vol, on=20 my HGS list.=20 Tim Fisher=20 Ore-Rock-On and Pacific Fishery Biologists WWW Sites=20 Tim@OreRockOn.com=20 WWW: http://OreRockOn.com=20 See naked fish and rocks!=20 -=20 -To subscribe/unsubscribe, email "majordomo@xmission.com"=20 -In the email body, write "subscribe canslim" or=20 -"unsubscribe canslim". Do not use quotes in your email.=20 "WorldSecure " made the following annotations on 05/15/01 15:41:54 = - -------------------------------------------------------------------------= - ----- PLEASE NOTE: This message, including any attachments, may = include privileged, confidential and/or inside information. Any = distribution or use of this communication by anyone other than the = intended recipient(s) is strictly prohibited and may be unlawful. If you = are not the intended recipient, please notify the sender by replying to = this message and then delete it from your system. Thank you. = =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D "WorldSecure " made the following annotations on 05/16/01 17:03:23 = - -------------------------------------------------------------------------= - ----- PLEASE NOTE: This message, including any attachments, may include = privileged, confidential and/or inside information. Any distribution or = use of this communication by anyone other than the intended recipient(s) = is strictly prohibited and may be unlawful. If you are not the intended = recipient, please notify the sender by replying to this message and then = delete it from your system. Thank you. = =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D - ------=_NextPart_000_000E_01C0DEB2.6F7298A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] COCO B/O
Addictive?  But do you find them more=20 profitable?
 
Rick
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Wednesday, May 16, 2001 8:57 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] COCO=20 B/O

Just stay away from the small and micro caps, they = can be=20 truly addictive.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 DiFabio,=20 Nancy
Sent: Wednesday, May 16, 2001 = 8:04=20 PM
Subject: RE: [CANSLIM] COCO = B/O

Tom,
Thanks for the suggestion.
That will be my assignment this evening.  Perhaps it = will=20 alleviate my cup and handle mania.  Maybe I can = replace this=20 fixation with another chart pattern fixation, at least=20 temporarily.
-----Original Message-----
From: Tom Worley [mailto:stkguru@netside.net]
Sent:=20 Wednesday, May 16, 2001 4:38 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] COCO=20 B/O

Rick,
 
Far too many CANSLIMers make the mistake of = focusing on,=20 and trying to only find, cup and handle patterns.  This is = only one=20 of the numerous valid and successful CANSLIM chart patterns to = look for. I=20 would suggest you review those 40 stocks again with Chapter 14 of = HTMMIS=20 (How to Read Charts Like an Expert) open beside you. It should = make more=20 sense then.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message ----- =
From:=20 Rick Parsons =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, May 16, = 2001 10:29=20 AM
Subject: RE: [CANSLIM] = COCO=20 B/O

I subscribed to Daily Graphs = the paper=20 edition in order to get the DGO discount.  They sent me a = booklet=20 titled "Forty Great Stock Market Winners".  If one scans = thru these=20 stock charts, they will see many do NOT have a classic easy to=20 recognize cup and handles or if they do, they are hard to = recognize=20 or are sloppy.
 
Rick
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = DiFabio,=20 Nancy
Sent: Tuesday, May 15, 2001 6:43 = PM
To:=20 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] = COCO=20 B/O

 I don't see a handle.  Where is = the=20 handle.  It looks like it shot out without a = handle.

-----Original Message-----
From: Tim Fisher [mailto:Tim@OreRockOn.com]=20
Sent: Tuesday, May 15, 2001 9:49 AM =
To: canslim@lists.xmission.com
Subject:=20 [CANSLIM] COCO B/O


Bot this AM, anticipating the pivot @ 48.49 = will be=20 reached, great vol, on
my HGS = list.=20

Tim Fisher
Ore-Rock-On and=20 Pacific Fishery Biologists WWW Sites

Tim@OreRockOn.com
WWW: http://OreRockOn.com =
See naked fish and rocks!


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In = the email=20 body, write "subscribe canslim" or
-"unsubscribe canslim".  Do not use quotes in = your=20 email.

"WorldSecure <irell.com>" made the = following
annotations=20 on 05/15/01=20 = 15:41:54
-------------------------------------------------------------= - -----------------
PLEASE=20 NOTE: This message, including any attachments, may include = privileged,=20 confidential and/or inside information. Any distribution or = use of=20 this communication by anyone other than the intended = recipient(s) is=20 strictly prohibited and may be unlawful. If you are not the = intended=20 recipient, please notify the sender by replying to this = message and=20 then delete it from your system. Thank=20 = you.


=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D

"WorldSecure <irell.com>" made the following
annotations = on=20 05/16/01=20 = 17:03:23
-------------------------------------------------------------= - -----------------
PLEASE=20 NOTE: This message, including any attachments, may include = privileged,=20 confidential and/or inside information. Any distribution or use of = this=20 communication by anyone other than the intended recipient(s) is = strictly=20 prohibited and may be unlawful. If you are not the intended = recipient,=20 please notify the sender by replying to this message and then delete = it from=20 your system. Thank=20 = you.


=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D

- ------=_NextPart_000_000E_01C0DEB2.6F7298A0-- - - - -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: Thu, 17 May 2001 09:01:23 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] Chart Patterns I see a lot of discussion here about chart patterns and a lot of times folks are looking for a perfect looking cup and handle. If you subscribe to Daily Graphs printed edition, you may have received their booklet "Forty Great Stock Market Winners". If one scans thru these stocks, one will notice that some charts are very sloppy with cup and handles hardly recognized if there at all. For example, on page 40, Schwab is very sloppy looking. If there is a handle there, it does not show decreasing volume prior to the b/o. Look at EMC on page 14...can anyone recognize a cup and handle? It looks like it has three handles. Comments?? Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Steve F Sent: Wednesday, May 16, 2001 5:43 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] EASI close to B/O This may break out as the market rises but it is does not have a great CANSLIM chart formation. First, note that the handle on the right side of the cup is not sloping down on decreasing volume. The breakout seemed to have come after forming short base at the end of April, if anything this shows that the stock might be extended. Also note the the sequential earnings growth and sales growth have been decreasing, quarter to quarter. That said, right now the market looks like a rising sea that will take a lot of stocks up. Steve - --- Vanchee1@aol.com wrote: > EASI 97/98 AAD is getting close to a B/O might be > worth watching tomorrow. > > Chris. > __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 17 May 2001 06:34:20 -0700 (PDT) From: Steve F Subject: Re: [CANSLIM] ROIL What did I do wrong? My reasons for buying ROIL were, the current CANSLIM fundamentals are very good - growing sales, earnings, industry group, acc/dist, timeliness. The technical reasons were the breakout of a trendline that I have been following. I set my trend line at from the highs noted on DOG from 15.94 to 16.38 to 17. There was a clear breakout above the 17. To me this looked like an opportunity to see ROIL go quickly to 21 or thereabout for a 20% gain in what I was hoping would be a releatively short time frame. I am still learning and will certainly take your advice of watching and obeying the 8% sell rule. Steve - --- Tom Worley wrote: > Steve, > > The first comment I would offer is why were you so > determined to > buy an oil related stock with a consensus forecast > of a decline > in earnings this year of 3%, and an additional > decline next year > of 24%. That violates CANSLIM right there. The > further comment I > would offer is the lack of a decent chart pattern. > Honestly, this > stock has been so volatile that I cannot see a base > pattern of > any kind, thus would have no clue what to use as a > pivot or buy > point. > > And today's market was exceptionally volatile, > compared to recent > weeks, which necessitated some closer attention to > open orders > close to execution. > > Because of the high volume today, the lack of a good > chart > pattern suggesting an imminent b/o, and the > volatility since > early Feb without significant price appreciation, I > would suspect > that large holders have been using every rally as an > exit > opportunity. > > I would stick to an 8% stop loss max, and hope that > tomorrow or > some future day will present you with a rally where > you can > consider exiting without damage. But I would not let > this one > fall too much further before exiting. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: Steve F > To: > Sent: Wednesday, May 16, 2001 10:10 PM > Subject: [CANSLIM] ROIL What did I do wrong? > > > I have had ROIL on my watch list, liked the way it > was > breaking out yesterday, so I put in a limit order at > 18 today but too late. It ran up so I left my order > in thinking I just might be lucky to get it on a dip > during the day. Checking back later in the day, > ROIL passed through my 18, which triggered my buy > and > ended up at 17.21, a 4.3% loss. > > How should I have handled this? > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - buy the things you want at great > prices > http://auctions.yahoo.com/ > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -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: Thu, 17 May 2001 10:03:34 -0400 From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: RE: [CANSLIM] ROIL What did I do wrong? Steve, I'm sure someone will find something technically wrong with the stock, but in the meantime, don't beat yourself up. If I dug through my records, which I won't do because it will be too heartbreaking, I could show you lots of examples where I got burned the same way. I bought many CANSLIM breakouts that shook me out with an 8% loss and then would invariably go on to make new highs. This has happened to me more time than I care to admit. To make matter worse, a close friend, who often buys the same stocks, will sit out the pullback and then reap the profits of the gains that follow. That is really painful. Anyway, you're not alone. John C. - -----Original Message----- From: Steve F [mailto:stevepdv@yahoo.com] Sent: Thursday, May 17, 2001 9:34 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ROIL What did I do wrong? My reasons for buying ROIL were, the current CANSLIM fundamentals are very good - growing sales, earnings, industry group, acc/dist, timeliness. The technical reasons were the breakout of a trendline that I have been following. I set my trend line at from the highs noted on DOG from 15.94 to 16.38 to 17. There was a clear breakout above the 17. To me this looked like an opportunity to see ROIL go quickly to 21 or thereabout for a 20% gain in what I was hoping would be a releatively short time frame. I am still learning and will certainly take your advice of watching and obeying the 8% sell rule. Steve - --- Tom Worley wrote: > Steve, > > The first comment I would offer is why were you so > determined to > buy an oil related stock with a consensus forecast > of a decline > in earnings this year of 3%, and an additional > decline next year > of 24%. That violates CANSLIM right there. The > further comment I > would offer is the lack of a decent chart pattern. > Honestly, this > stock has been so volatile that I cannot see a base > pattern of > any kind, thus would have no clue what to use as a > pivot or buy > point. > > And today's market was exceptionally volatile, > compared to recent > weeks, which necessitated some closer attention to > open orders > close to execution. > > Because of the high volume today, the lack of a good > chart > pattern suggesting an imminent b/o, and the > volatility since > early Feb without significant price appreciation, I > would suspect > that large holders have been using every rally as an > exit > opportunity. > > I would stick to an 8% stop loss max, and hope that > tomorrow or > some future day will present you with a rally where > you can > consider exiting without damage. But I would not let > this one > fall too much further before exiting. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: Steve F > To: > Sent: Wednesday, May 16, 2001 10:10 PM > Subject: [CANSLIM] ROIL What did I do wrong? > > > I have had ROIL on my watch list, liked the way it > was > breaking out yesterday, so I put in a limit order at > 18 today but too late. It ran up so I left my order > in thinking I just might be lucky to get it on a dip > during the day. Checking back later in the day, > ROIL passed through my 18, which triggered my buy > and > ended up at 17.21, a 4.3% loss. > > How should I have handled this? > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - buy the things you want at great > prices > http://auctions.yahoo.com/ > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 17 May 2001 09:16:52 -0500 From: Chris Hudson Subject: RE: [CANSLIM] ROIL What did I do wrong? This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0DEDC.04F59A70 Content-Type: text/plain; charset="ISO-8859-1" > > Steve, > > I'm sure someone will find something technically wrong with > the stock, but > in the meantime, don't beat yourself up. If I dug through my > records, which > I won't do because it will be too heartbreaking, I could show > you lots of > examples where I got burned the same way. I bought many > CANSLIM breakouts > that shook me out with an 8% loss and then would invariably > go on to make > new highs. > Yes, this is a major problem with CANSLIM. Often many stocks will pull back just before they really take off! It's like someone crouching down in preparation to spring up and jump. -- Chris H - ------_=_NextPart_001_01C0DEDC.04F59A70 Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] ROIL What did I do wrong?

>
> Steve,
>
> I'm sure someone will find something = technically wrong with
> the stock, but
> in the meantime, don't beat yourself up.  = If I dug through my
> records, which
> I won't do because it will be too = heartbreaking, I could show
> you lots of
> examples where I got burned the same way.  = I bought many
> CANSLIM breakouts
> that shook me out with an 8% loss and then = would invariably
> go on to make
> new highs. 
>

Yes, this is a major problem with CANSLIM.  = Often many stocks will pull back just before they really take = off!  It's like someone crouching down in preparation to spring up = and jump. 

 -- Chris H

- ------_=_NextPart_001_01C0DEDC.04F59A70-- - - - -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: Thu, 17 May 2001 07:24:19 -0700 (PDT) From: Steve F Subject: RE: [CANSLIM] Chart Patterns & IBD SEMINAR Again referring to the IBD Seminar last week in New York.. at the end of the session, there was a short quiz on reading charts. Six charts of actual stocks were presented in the manual, without the names, and we were whether or not we would have purchased each of the stocks and the reason why. Keep in mind that I do not believe there were many novices in the group. The reasons for buy and/or not buying were all over the place. When we were told how each of the stock actually performed over the next few months, for the most part, judging by a show of hands, I estimate 75% of the people there picked WRONG on every stock chart. CANSLIM is a terrific tool to assist in selecting winning stocks, but it requires time and hard work. PERIOD. Steve - --- Rick Parsons wrote: > I see a lot of discussion here about chart patterns > and a lot of times folks > are looking for a perfect looking cup and handle. > If you subscribe to Daily Graphs printed edition, > you may have received > their booklet "Forty Great Stock Market Winners". > If one scans thru these stocks, one will notice that > some charts are very > sloppy with cup and handles hardly recognized if > there at all. > > For example, on page 40, Schwab is very sloppy > looking. If there is a > handle there, it does not show decreasing volume > prior to the b/o. Look at > EMC on page 14...can anyone recognize a cup and > handle? It looks like it > has three handles. > > Comments?? > > Rick > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Steve F > Sent: Wednesday, May 16, 2001 5:43 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] EASI close to B/O > > This may break out as the market rises but it is > does > not have a great CANSLIM chart formation. First, > note > that the handle on the right side of the cup is not > sloping down on decreasing volume. The breakout > seemed > to have come after forming short base at the end of > April, if anything this shows that the stock might > be > extended. > Also note the the sequential earnings growth and > sales > growth have been decreasing, quarter to quarter. > That > said, right now the market looks like a rising sea > that will take a lot of stocks up. > > Steve > > --- Vanchee1@aol.com wrote: > > EASI 97/98 AAD is getting close to a B/O might be > > worth watching tomorrow. > > > > Chris. > > > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - buy the things you want at great > prices > http://auctions.yahoo.com/ > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -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: Thu, 17 May 2001 08:56:02 -0600 From: "Patrick Wahl" Subject: RE: [CANSLIM] Chart Patterns On 17 May 01, at 9:01, Rick Parsons wrote: > For example, on page 40, Schwab is very sloppy looking. If there is a > handle there, it does not show decreasing volume prior to the b/o. Look at > EMC on page 14...can anyone recognize a cup and handle? It looks like it > has three handles. > > Comments?? I don't have the book, but I think I know what you mean. I think IBD people at times have a tendency to use hindsight to fit questionable patterns into their models of what to look for in a chart. I wonder if those same stocks had failed out of those patterns if they would be used as examples of faulty bases. - - - -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: Thu, 17 May 2001 11:25:37 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] Chart Patterns >> I wonder if those same stocks had failed out of those patterns if they would be used as examples of faulty bases. << These were all stocks the "went up XXX% from here". For example, LU went up 500% in the 15 months after this point. Of course this was the great bull market. Stocks will tend to fail more often in the current market. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl Sent: Thursday, May 17, 2001 10:56 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Chart Patterns On 17 May 01, at 9:01, Rick Parsons wrote: > For example, on page 40, Schwab is very sloppy looking. If there is a > handle there, it does not show decreasing volume prior to the b/o. Look at > EMC on page 14...can anyone recognize a cup and handle? It looks like it > has three handles. > > Comments?? I don't have the book, but I think I know what you mean. I think IBD people at times have a tendency to use hindsight to fit questionable patterns into their models of what to look for in a chart. I wonder if those same stocks had failed out of those patterns if they would be used as examples of faulty bases. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 17 May 2001 08:43:29 -0700 From: "Ian" Subject: [CANSLIM] AHMH - breaking out? AHMH does NOT meet WON's $15 stock criteria. It is what I consider a 'just under the CANSLIM radar' stock - which is something that interests me personally as it allows me to benefit from the extra safety factor of valuation. (When it works out - it also compounds the gains considerably - MTON at $13 in October is my best recent example). AHMH has 5-year compounded revenue growth of 58%, and will do in excess of $1.50/share this year. The chart looks very attractive to me, and the volume the last 2 days has been strong. ( Full disclosure - I have a very recent position in the high $9 range.) I know some of you are interested in these slightly lower priced issues with otherwise CANSLIM characteristics. If not, let me know. Cheers, Ian - - - -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: Thu, 17 May 2001 11:41:00 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] AHMH - breaking out? - --part1_59.b2f02b3.28354b0c_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Yes Ian, Like to check them all out, keep posting. Chris. - --part1_59.b2f02b3.28354b0c_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Yes Ian, Like to check them all out, keep posting.

Chris. - --part1_59.b2f02b3.28354b0c_boundary-- - - - -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: Thu, 17 May 2001 12:17:41 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] ROIL What did I do wrong? Have most of your losses taken place since the bear market started in March of 2000? How did you folks do prior to the beginning of the bear market? Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Cefaloni, John L Jr. [AMSTA-AR-WEA] Sent: Thursday, May 17, 2001 10:04 AM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] ROIL What did I do wrong? Steve, I'm sure someone will find something technically wrong with the stock, but in the meantime, don't beat yourself up. If I dug through my records, which I won't do because it will be too heartbreaking, I could show you lots of examples where I got burned the same way. I bought many CANSLIM breakouts that shook me out with an 8% loss and then would invariably go on to make new highs. This has happened to me more time than I care to admit. To make matter worse, a close friend, who often buys the same stocks, will sit out the pullback and then reap the profits of the gains that follow. That is really painful. Anyway, you're not alone. John C. - -----Original Message----- From: Steve F [mailto:stevepdv@yahoo.com] Sent: Thursday, May 17, 2001 9:34 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ROIL What did I do wrong? My reasons for buying ROIL were, the current CANSLIM fundamentals are very good - growing sales, earnings, industry group, acc/dist, timeliness. The technical reasons were the breakout of a trendline that I have been following. I set my trend line at from the highs noted on DOG from 15.94 to 16.38 to 17. There was a clear breakout above the 17. To me this looked like an opportunity to see ROIL go quickly to 21 or thereabout for a 20% gain in what I was hoping would be a releatively short time frame. I am still learning and will certainly take your advice of watching and obeying the 8% sell rule. Steve - --- Tom Worley wrote: > Steve, > > The first comment I would offer is why were you so > determined to > buy an oil related stock with a consensus forecast > of a decline > in earnings this year of 3%, and an additional > decline next year > of 24%. That violates CANSLIM right there. The > further comment I > would offer is the lack of a decent chart pattern. > Honestly, this > stock has been so volatile that I cannot see a base > pattern of > any kind, thus would have no clue what to use as a > pivot or buy > point. > > And today's market was exceptionally volatile, > compared to recent > weeks, which necessitated some closer attention to > open orders > close to execution. > > Because of the high volume today, the lack of a good > chart > pattern suggesting an imminent b/o, and the > volatility since > early Feb without significant price appreciation, I > would suspect > that large holders have been using every rally as an > exit > opportunity. > > I would stick to an 8% stop loss max, and hope that > tomorrow or > some future day will present you with a rally where > you can > consider exiting without damage. But I would not let > this one > fall too much further before exiting. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: Steve F > To: > Sent: Wednesday, May 16, 2001 10:10 PM > Subject: [CANSLIM] ROIL What did I do wrong? > > > I have had ROIL on my watch list, liked the way it > was > breaking out yesterday, so I put in a limit order at > 18 today but too late. It ran up so I left my order > in thinking I just might be lucky to get it on a dip > during the day. Checking back later in the day, > ROIL passed through my 18, which triggered my buy > and > ended up at 17.21, a 4.3% loss. > > How should I have handled this? > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - buy the things you want at great > prices > http://auctions.yahoo.com/ > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1376 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.