From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1797 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 Friday, November 9 2001 Volume 02 : Number 1797 In this issue: Re: [CANSLIM] MDC Re: [CANSLIM] POWI Re: [CANSLIM] TARO Re: [CANSLIM] TARO Re: [CANSLIM] PPO, PO, PSO, SO, IPO Re: [CANSLIM] TTN: HTF? [CANSLIM] RYAN Re: [CANSLIM] RYAN Re: [CANSLIM] RYAN Re: [CANSLIM] RYAN RE: [CANSLIM] RYAN RE: [CANSLIM] SRCL Re: [CANSLIM] RYAN RE: [CANSLIM] MDC Re: [CANSLIM] MDC RE: [CANSLIM] MDC ---------------------------------------------------------------------- Date: Fri, 09 Nov 2001 09:54:19 -0700 From: esetser Subject: Re: [CANSLIM] MDC Nope, certainly not from a CANSLIM perspective anyway. Cup with handle bases need to be 7 weeks long, and the handle should form above the midpoint of the base. I guess you could call the last 3 1/2 weeks a cup, but it doesn't include either the recent high or low of the stock, so I just consider it a small piece of the overall base. Even taken by itself, the handle is well below the midpoint of the short cup, and I don't even see a right side of the cup (only one day up?). I don't see this as a good example at all. - - - -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: Fri, 9 Nov 2001 10:52:54 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] POWI Many thanks, Bob. None of this comes across as clearly on their IR site. Maybe you should write from them! Katherine - ----- Original Message ----- From: "Bob Raible" To: Sent: Friday, November 09, 2001 10:49 AM Subject: Re: [CANSLIM] POWI > POWI makes switching power supplies. Their claim to fame is that they > can build plug-in power modules that have very low standby power. These > are the little black modules that plug directly into wall outlets and > provide DC power for cordless phones, answering machines, and cell > phone chargers. They are commonly known as "wall warts". The problem > with "wall warts" is that they draw appreciable power even when the > attached appliance is off or even disconnected. POWI's claim to fame is > that their design senses power demand and goes into a low power standby > mode when demands are minimal. The stock gained prominence when the > WHite House mentioned these "wall warts" as a major power waster during > the recent power shortages. I do not recall if POWI was singled out by > the White House - they may have been. Hope this helps. > > --- Tom Worley wrote: > > Cash flow of 87 cents compared to earnings of 69 cents. ROE of 21%. 5 > > year earnings growth of 39%. That's it, that's about all the good > > things I could find to say about it. > > > > Opposing that is the decline in both sales and earnings. For the > > year, earnings are forecast to fall 68%. Even with a 24% gain > > forecast for 2002, earnings will be only half of what they were in > > 2000. Add to that Management only owns 10% of the issue, rest of the > > issue is in the float, and funds own a whooping 40% of that, and it > > gets even stranger. > > > > My instincts scream SHORT!!! but I won't. This juggernaut just seems > > to keep steaming on. Maybe one of you that knows what he is doing > > with shorting can figure this one out. My only scientific answer > > would be, for lack of any other reason, MANIPULATION. > > > > Maybe the funds know something that is not obvious, and that's why > > they are not dumping. But I see no easy answer. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: Katherine Malm > > To: CANSLIM List Posting > > Sent: Thursday, November 08, 2001 5:24 PM > > Subject: [CANSLIM] POWI > > > > > > Can anyone explain why a stock like POWI continues to do well? Am I > > missing something here that's not obvious? EPS=35, terrible Q over Q > > sales and EPS numbers. Is this considered a turnaround play? I can't > > quite get a sense of what might be special about any of their > > products by reading IR info. Maybe a play on increased cell phone > > usage, but that's all I'm taking away from it. Possibly someone out > > there knows something that would shed some light? > > > > Katherine > > kmalm@earthlink.net > > > > > ===== > Bob Raible > Sunny San Jose,CA > > __________________________________________________ > Do You Yahoo!? > Find a job, post your resume. > http://careers.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: Fri, 9 Nov 2001 13:18:11 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] TARO Katherine: If you buy on the fundamentals, how do you know when to buy the stock? jans In a message dated 11/7/2001 12:11:11 PM Eastern Standard Time, kmalm@earthlink.net writes: << With respect to CANSLIM, my take on it is really a *marriage* of fundamental and technical. But again, "buy on the fundamentals, sell on the technicals" is the best thing I ever learned from WON >> - - - -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: Fri, 9 Nov 2001 12:25:07 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] TARO jans, Sorry, didn't explain the statement in detail, because I was assuming people were already familiar with it. O'Neil contends that when you buy a stock, it is the fundamentals that should lead the decision. They will speak for the stock even before the technicals will indicate that it's time to buy. He does, of course, time entries on technicals. But later, when a stock has had its run, technicals should always be the reason for exit, because the fundamentals don't "tell the tale" until it is too late. (There is only one exit strategy in his list of 30 or so that involves fundamentals, and that is 2 quarters in a row of decelerating sales and earnings--e.g. Dell back in '99) If you were to draw a "picture" of this effect, stock price action and EPS action, you would see the EPS curve trace the rise and fall of the stock, but the entire pattern would be offset to the right of the Price curve in time. Katherine - ----- Original Message ----- From: To: Sent: Friday, November 09, 2001 12:18 PM Subject: Re: [CANSLIM] TARO > Katherine: > > If you buy on the fundamentals, how do you know when to buy the stock? > > jans > > > > In a message dated 11/7/2001 12:11:11 PM Eastern Standard Time, > kmalm@earthlink.net writes: > > << With respect to CANSLIM, my take on it is really a *marriage* of > fundamental > and technical. But again, "buy on the fundamentals, sell on the technicals" > is the best thing I ever learned from WON >> > > - > -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: Fri, 9 Nov 2001 13:44:26 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] PPO, PO, PSO, SO, IPO Katherine: Is this the distinction,then, between PO's and SO's: Secondaries are DISTRIBUTED by the company that originally issued the stock, but Secondaries are not necessarily OFFERED by them? Primaries are ADDITIONAL stock OFFERED and DISTRIBUTED by the company which originally issued the stock. jans In a message dated 11/8/2001 9:10:55 AM Eastern Standard Time, kmalm@earthlink.net writes: << PSO, Proposed Secondary Offering, is when a company plans to distribute > additional shares of its security that have already been made available > to the public. > > > > SO, Secondary Offering, is when a company distributes additional shares > of its security that have already been made available to the public. >> - - - -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: Fri, 9 Nov 2001 13:50:29 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] TTN: HTF? Dave: Look at PP157-158 in HTMMIS. He identifies HTF's as running up 100-120% in a very short time (4-8 weeks, I believe). It did run up in a very short span of time. However, I don't believe-according to WON's interpretation of a HTF-it ran up enough (ie, its run up was less than 50%). jans In a message dated 11/8/2001 10:52:52 AM Eastern Standard Time, drubin@i-2000.com writes: << Does TTN look to be forming a high tight flag here? I'm not too familiar with this pattern so I may be wrong... >> - - - -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: Fri, 9 Nov 2001 14:37:23 -0600 From: "Matt & Alicia Leverette" Subject: [CANSLIM] RYAN This is a multi-part message in MIME format. - ------=_NextPart_000_000B_01C1692C.0B56CD00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I would appreciate some of your thoughts on Ryan's. =20 - ------=_NextPart_000_000B_01C1692C.0B56CD00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I would appreciate some of your thoughts on = Ryan's. =20
- ------=_NextPart_000_000B_01C1692C.0B56CD00-- - - - -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: Fri, 09 Nov 2001 13:55:29 -0700 From: esetser Subject: Re: [CANSLIM] RYAN It looks well extended from any significant recent base to me. Remember that I follow the 7 week absolute minimum for all bases except flat bases (5 weeks on those). At 02:37 PM 11/9/01 -0600, you wrote: > - - - -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: Fri, 9 Nov 2001 14:00:39 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] RYAN When someone asks for an opinion, it would be nice to see your thoughts too, so we know what it is that makes the stock in question worth further examination. Looks like it just had a breakout from a base and is pulling back, looks ok. On 9 Nov 01, at 14:37, Matt & Alicia Leverette wrote: > I would appreciate some of your thoughts on Ryan's. > - - - -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: Fri, 9 Nov 2001 14:55:05 -0600 From: "Matt & Alicia Leverette" Subject: Re: [CANSLIM] RYAN Yes, I am sorry that I did not provide more details. What I was thinking was that there was a pivot point of $19.25 with a breakout on November 5th or 6th. However, it now looks like it is pulling back and I was not sure if this would be considered a failed breakout. Thanks for your thoughts, Matt - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Friday, November 09, 2001 3:00 PM Subject: Re: [CANSLIM] RYAN > When someone asks for an opinion, it would be nice to see your > thoughts too, so we know what it is that makes the stock in > question worth further examination. > > Looks like it just had a breakout from a base and is pulling back, > looks ok. > > On 9 Nov 01, at 14:37, Matt & Alicia Leverette wrote: > > > I would appreciate some of your thoughts on Ryan's. > > > > > > - > -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: Fri, 9 Nov 2001 16:36:56 -0500 From: "Mark Clayton" Subject: RE: [CANSLIM] RYAN This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01C1693C.BEC636E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I've been following this one on my watch list for a while. On 11/5, I bought a 1/4 position as it surged above $19.25 with nearly 2x volume (379k). Unfortunately, the action on that day was so-so and RYAN actually closed a hair under the pivot at $19.15. Now for the last couple of days we've seen distribution, but each time a close just above the pivot. Today was interesting in that RYAN dropped a full dollar below the pivot, but ended back above it, at the top of the day's range. I am still long on this one only because I'm able to watch it all day, otherwise I would have been gone today when the price dropped $.50 below the pivot. The advice I am following is to watch next week's volume and price movement carefully. If the price moves on great volume above the pivot, I am considering adding another quarter position at the outside buy range ($20.20). I personally would not buy(again) until I see another breakout volume movement. FWIW and best of luck to you. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Matt & Alicia Leverette Sent: Friday, November 09, 2001 3:37 PM To: canslim@lists.xmission.com Subject: [CANSLIM] RYAN I would appreciate some of your thoughts on Ryan's. - ------=_NextPart_000_0006_01C1693C.BEC636E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I've=20 been following this one on my watch list for a while.  On 11/5, I = bought a=20 1/4 position as it surged above $19.25 with nearly 2x volume (379k).=20 Unfortunately, the action on that day was so-so and RYAN actually closed = a hair=20 under the pivot at $19.15.  Now for the last couple of days we've = seen=20 distribution, but each time a close just above the pivot. Today was = interesting=20 in that RYAN dropped a full dollar below the pivot, but ended back above = it, at=20 the top of the day's range. 
I am=20 still long on this one only because I'm able to watch it all day, = otherwise I=20 would have been gone today when the price dropped $.50 below the = pivot. The=20 advice I am following is to watch next week's volume and price movement=20 carefully. If the price moves on great volume above the pivot, I am = considering adding another quarter position at the outside buy range = ($20.20). I=20 personally would not buy(again) until I see another breakout volume=20 movement.
 FWIW and best of luck to = you.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Matt = & Alicia=20 Leverette
Sent: Friday, November 09, 2001 3:37 = PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM]=20 RYAN

I would appreciate some of your thoughts on=20 Ryan's. 
- ------=_NextPart_000_0006_01C1693C.BEC636E0-- - - - -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: Fri, 9 Nov 2001 16:43:23 -0500 From: "Dave" Subject: RE: [CANSLIM] SRCL This is a multi-part message in MIME format. - ------=_NextPart_000_00B0_01C1693D.A5D07C30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Thanks for this informative post. The action in SRCL has been strange since the offering. It churned the day the shares came out, then dropped 10% the next day, and came all the way back today. I guess the market needs time to digest the new shares. In any case, the breakout (shaky to begin with) has failed so it's back to wait and see. - -- Dave -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Friday, November 09, 2001 9:55 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] SRCL Hi Dave, I normally expect a stock to perform well, given favorable fundies and "M", once the secondary, oops second primary, is completed. Prior to that, I expect the stock to be weak, witness EPIQ. Prior to the execution of its primandary (copyright filed last night on the word!), it behaved as I expected. Following the execution, however, it weakened further from the strike price of $24, falling below $18. I see that it is bid up 25 cents so far, and one ECN traded it up 1.19, so there may be a small bounce in it. The volume you saw is likely attributable to the buyers in this primary immediately dumping every share. Typical behavior, which puts the lie to the use of the word "Public" in the offering. Only funds and institutions typically get much of the deal, unless it's a really cold deal, and they day trade it when it goes effective. This is inevitable if they see the offering as weak, they won't cancel their order because they want to participate in future deals, but they won't hold it either. Some of the buying today and in the next several days will come from funds and other institutionals that will now support the deal in the after market so they are included in future deals from the same underwriters. So even if they show it in their portfolio at end of quarter, it won't be the same shares. This is one of many reasons why existing individual holders often will sell when a company announces a primary or secondary (or primandary, copyright pending) offering. I have also seen a few cases where the price was knocked down hard immediately prior to pricing an offering in order to set the price lower. Usually those deals bounce right back. Another factor is that the members of the underwriting syndicate must stop making a market in the stock prior to completion of the offer. That means their support of both price and liquidity is effectively withdrawn. Often, they will privately arrange with other market makers to have them support the stock in the meantime, then buy back any inventory they have accumulated once the deal is done. That prevents the deal from never happening, or the stock completely collapsing. Hope this helps understand some of the complicated dynamics in this process. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message ----- From: Dave To: canslim@lists.xmission.com Sent: Thursday, November 08, 2001 10:42 AM Subject: [CANSLIM] SRCL SRCL broke out to new all-time highs Wed, then gave it back yesterday on massive volume. It appears the excessive volume was due to the secondary offering, so I'm not sure you can call it distribution. Historically, how does a stock behave after such an offering, assuming the stock is near all-time highs and the fundamentals are strong? Today's early action is encouraging, and could mean the shares have been absorbed and the stock is poised to resume its breakout. Opinions? - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_00B0_01C1693D.A5D07C30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks for this informative post. The action = in SRCL=20 has been strange since the offering. It churned the day the shares came = out,=20 then dropped 10% the next day, and came all the way back today. I = guess the=20 market needs time to digest the new shares. In any case, the breakout = (shaky to=20 begin with) has failed so it's back to wait and see.
 
--
Dave
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Friday, November 09, 2001 9:55 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 SRCL

Hi Dave,
 
I normally expect a stock to perform well, given = favorable=20 fundies and "M", once the secondary, oops second primary, is = completed. Prior=20 to that, I expect the stock to be weak, witness EPIQ. Prior to the = execution=20 of its primandary (copyright filed last night on the word!), it = behaved as I=20 expected. Following the execution, however, it weakened further from = the=20 strike price of $24, falling below $18.
 
I see that it is bid up 25 cents so far, and one = ECN traded=20 it up 1.19, so there may be a small bounce in it.
 
The volume you saw is likely attributable to the = buyers in=20 this primary immediately dumping every share. Typical behavior, which = puts the=20 lie to the use of the word "Public" in the offering. Only funds and=20 institutions typically get much of the deal, unless it's a really cold = deal,=20 and they day trade it when it goes effective. This is inevitable if = they see=20 the offering as weak, they won't cancel their order because they want = to=20 participate in future deals, but they won't hold it either. Some of = the buying=20 today and in the next several days will come from funds and other=20 institutionals that will now support the deal in the after market so = they are=20 included in future deals from the same underwriters. So even if they = show it=20 in their portfolio at end of quarter, it won't be the same=20 shares.
 
This is one of many reasons why existing = individual holders=20 often will sell when a company announces a primary or secondary (or=20 primandary, copyright pending) offering.
 
I have also seen a few cases where the price was = knocked=20 down hard immediately prior to pricing an offering in order to set the = price=20 lower. Usually those deals bounce right back.
 
Another factor is that the members of the = underwriting=20 syndicate must stop making a market in the stock prior to completion = of the=20 offer. That means their support of both price and liquidity is = effectively=20 withdrawn. Often, they will privately arrange with other market makers = to have=20 them support the stock in the meantime, then buy back any inventory = they have=20 accumulated once the deal is done. That prevents the deal from never=20 happening, or the stock completely collapsing.
 
Hope this helps understand some of the complicated = dynamics=20 in this process.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Dave
To: canslim@lists.xmission.com =
Sent: Thursday, November 08, = 2001 10:42=20 AM
Subject: [CANSLIM] SRCL

SRCL broke out to new all-time highs Wed, then gave = it back=20 yesterday on
massive volume.

It appears the excessive = volume was=20 due to the secondary offering, so I'm
not sure you can call it=20 distribution.

Historically, how does a stock behave after = such an=20 offering, assuming the
stock is near all-time highs and the = fundamentals=20 are strong?  Today's
early action is encouraging, and could = mean the=20 shares have been absorbed
and the stock is poised to resume its=20 breakout.

Opinions?


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
- ------=_NextPart_000_00B0_01C1693D.A5D07C30-- - - - -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: Fri, 9 Nov 2001 15:45:04 -0600 From: "Matt & Alicia Leverette" Subject: Re: [CANSLIM] RYAN This is a multi-part message in MIME format. - ------=_NextPart_000_000C_01C16935.8049FC00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I also bought some on 11/5. (1/2 Position) I am not able to watch it = during the day and I was a little concerned, but I guess it was good to = close above the pivot today.=20 Thanks for your thoughts. Matt ----- Original Message -----=20 From: Mark Clayton=20 To: canslim@lists.xmission.com=20 Sent: Friday, November 09, 2001 3:36 PM Subject: RE: [CANSLIM] RYAN I've been following this one on my watch list for a while. On 11/5, I = bought a 1/4 position as it surged above $19.25 with nearly 2x volume = (379k). Unfortunately, the action on that day was so-so and RYAN = actually closed a hair under the pivot at $19.15. Now for the last = couple of days we've seen distribution, but each time a close just above = the pivot. Today was interesting in that RYAN dropped a full dollar = below the pivot, but ended back above it, at the top of the day's range. = =20 I am still long on this one only because I'm able to watch it all day, = otherwise I would have been gone today when the price dropped $.50 below = the pivot. The advice I am following is to watch next week's volume and = price movement carefully. If the price moves on great volume above the = pivot, I am considering adding another quarter position at the outside = buy range ($20.20). I personally would not buy(again) until I see = another breakout volume movement. FWIW and best of luck to you. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Matt & Alicia = Leverette Sent: Friday, November 09, 2001 3:37 PM To: canslim@lists.xmission.com Subject: [CANSLIM] RYAN I would appreciate some of your thoughts on Ryan's. =20 - ------=_NextPart_000_000C_01C16935.8049FC00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I also bought some on 11/5.  (1/2 = Position)  I am=20 not able to watch it during the day and I was a little concerned, but I = guess it=20 was good to close above the pivot today. 
 
Thanks for your thoughts.
 
Matt
----- Original Message -----
From:=20 Mark=20 Clayton
Sent: Friday, November 09, 2001 = 3:36=20 PM
Subject: RE: [CANSLIM] = RYAN

I've=20 been following this one on my watch list for a while.  On 11/5, I = bought=20 a 1/4 position as it surged above $19.25 with nearly 2x volume (379k). = Unfortunately, the action on that day was so-so and RYAN actually = closed a=20 hair under the pivot at $19.15.  Now for the last couple of days = we've=20 seen distribution, but each time a close just above the pivot. Today = was=20 interesting in that RYAN dropped a full dollar below the pivot, but = ended back=20 above it, at the top of the day's range. 
I am=20 still long on this one only because I'm able to watch it all day, = otherwise I=20 would have been gone today when the price dropped $.50 below the = pivot.=20 The advice I am following is to watch next week's volume and price = movement=20 carefully. If the price moves on great volume above the pivot, I = am=20 considering adding another quarter position at the outside buy range = ($20.20).=20 I personally would not buy(again) until I see another breakout volume=20 movement.
 FWIW and best of luck to=20 you.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Matt = &=20 Alicia Leverette
Sent: Friday, November 09, 2001 3:37=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 RYAN

I would appreciate some of your thoughts on = Ryan's. 
- ------=_NextPart_000_000C_01C16935.8049FC00-- - - - -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: Fri, 9 Nov 2001 12:51:20 -0500 From: Kevin Becar Subject: RE: [CANSLIM] MDC Does anyone have a "good" recent example we might all examine and comment on? I understand this may be difficult in today's M, but there must be one we can study. Thanks in advance. Kevin - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser Sent: Friday, November 09, 2001 11:54 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] MDC Nope, certainly not from a CANSLIM perspective anyway. Cup with handle bases need to be 7 weeks long, and the handle should form above the midpoint of the base. I guess you could call the last 3 1/2 weeks a cup, but it doesn't include either the recent high or low of the stock, so I just consider it a small piece of the overall base. Even taken by itself, the handle is well below the midpoint of the short cup, and I don't even see a right side of the cup (only one day up?). I don't see this as a good example at all. - - - -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: Fri, 9 Nov 2001 17:28:50 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] MDC This is a multi-part message in MIME format. - ------=_NextPart_000_0042_01C16943.FF4AC4E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, November 09, 2001 8:55 AM Subject: Re: [CANSLIM] MDC Charles, Did you mean us to look at "MDC"? Just want to be sure of the symbol = before I give my opinion. Yes, MDC. There have been some replies, for which I am grateful. = Thanks. Charles Layne - ------=_NextPart_000_0042_01C16943.FF4AC4E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Friday, November 09, 2001 = 8:55=20 AM
Subject: Re: [CANSLIM] = MDC

Charles,
 
Did you mean us to look at "MDC"? = Just want to be=20 sure of the symbol before I give my opinion.
 
Yes, MDC.  There have been some = replies, for=20 which I am grateful.  Thanks.
 
 
Charles Layne
 
- ------=_NextPart_000_0042_01C16943.FF4AC4E0-- - - - -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: Fri, 09 Nov 2001 15:40:23 -0700 From: esetser Subject: RE: [CANSLIM] MDC Many of the charts have some strange characteristics due to the markets after 9/11. I think TARO was one that looked really good to me. Let's just look at the chart and ignore fundies. Hit a high of 49.38 on 7/19 and then started a correction. Moved down to 34.50 and started back up, but stopped the advance at 44.30. Corrected further from there to a low of 28.02 after 9/11. The chart looks like it might have settled in the mid-30s without those events. After the market started moving well, it moved up nicely, with 6 up days on above average volume, and only one down day with high volume to note. (The other high volume down days were generally after a strong day, and on lighter volume than the up day.) It actually formed 2 handles after the initial advances, but the breakout from the first was on less than 1.5 average volume, so was very suspect. The second handle occurred higher in the base, and had a nice dryup of volume. It lasted from 10/26 until the breakout on 11/7. The breakout occured on very high volume, and looked really good to me. Unfortunately, this one also illustrates the M difficulties right now in that it failed the breakout immediately the next day on higher volume. It moved on down from there today. Glad I hesitated on this one. At 12:51 PM 11/9/01 -0500, you wrote: >Does anyone have a "good" recent example we might all examine and comment >on? I understand this may be difficult in today's M, but there must be one >we can study. > >Thanks in advance. >Kevin > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser >Sent: Friday, November 09, 2001 11:54 AM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] MDC > >Nope, certainly not from a CANSLIM perspective anyway. Cup with handle >bases need to be 7 weeks long, and the handle should form above the >midpoint of the base. I guess you could call the last 3 1/2 weeks a cup, >but it doesn't include either the recent high or low of the stock, so I >just consider it a small piece of the overall base. Even taken by itself, >the handle is well below the midpoint of the short cup, and I don't even >see a right side of the cup (only one day up?). I don't see this as a good >example at all. > >- >-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 #1797 ****************************** 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.