From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3132 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 Tuesday, January 14 2003 Volume 02 : Number 3132 In this issue: [CANSLIM] ROK RE: [CANSLIM] ROK RE: [CANSLIM] ROK Re: [CANSLIM] RS ---------------------------------------------------------------------- Date: Mon, 13 Jan 2003 10:08:11 -0600 From: michael_niemotka@baxter.com Subject: [CANSLIM] ROK Hi all, and happy new year! Watching ROK this morning, it seems like it is in danger of breaking below the pivot of $22.40. I know in the past Katherine has noted that if a stock that she has recently bought on breakout falls below the pivot in the first few days, she may consider a sell, but I am curious if everyone looks at what is going on during the day, or are those type of decisions made on end of day price. So for instance, if ROK falls below the pivot during today, but finishes above it, did it violate the pivot point? Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.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: Mon, 13 Jan 2003 10:08:02 -0600 From: "Katherine Malm" Subject: RE: [CANSLIM] ROK HI Mike, Statistically, somewhere on the order of 60% of stocks will pullback to prices near the pivot after breakout. With odds like that, I wouldn't be inclined to look at intraday action on a mild pullback, but would instead assess the price/volume action in the days following the breakout using end-of-day action. ROK already failed and formed a new handle recently, and that additional action in the overall handle area is a bit wedge-like. That puts the stock under yellow flag alert. A pullback 7-8% below the pivot wouldn't necessarily be considered a failure. As the IBD often notes, sometimes a bit of patience pays off. That doesn't take away from the need to be ever-diligent when the pivot is violated, but it's not an "out of the pool" signal by itself. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Monday, January 13, 2003 10:08 AM To: canslim@lists.xmission.com Subject: [CANSLIM] ROK Hi all, and happy new year! Watching ROK this morning, it seems like it is in danger of breaking below the pivot of $22.40. I know in the past Katherine has noted that if a stock that she has recently bought on breakout falls below the pivot in the first few days, she may consider a sell, but I am curious if everyone looks at what is going on during the day, or are those type of decisions made on end of day price. So for instance, if ROK falls below the pivot during today, but finishes above it, did it violate the pivot point? Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.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: Mon, 13 Jan 2003 14:08:09 -0600 From: "Katherine Malm" Subject: RE: [CANSLIM] ROK Hi All, I just read the today's weblink at investors.com and noticed that they mentioned the statistics for pullbacks. This is a bit lower than I remember and different than the 60% I quoted in my earlier email: "... four out of every 10 leading stocks fall back to near its pivot before taking off for big gains..." Either way, it does show that there's a fairly high percentage of pullbacks. See the weblink I mentioned (PFCB) at http://www.investors.com/weblink/ Katherine - -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Monday, January 13, 2003 10:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] ROK HI Mike, Statistically, somewhere on the order of 60% of stocks will pullback to prices near the pivot after breakout. With odds like that, I wouldn't be inclined to look at intraday action on a mild pullback, but would instead assess the price/volume action in the days following the breakout using end-of-day action. ROK already failed and formed a new handle recently, and that additional action in the overall handle area is a bit wedge-like. That puts the stock under yellow flag alert. A pullback 7-8% below the pivot wouldn't necessarily be considered a failure. As the IBD often notes, sometimes a bit of patience pays off. That doesn't take away from the need to be ever-diligent when the pivot is violated, but it's not an "out of the pool" signal by itself. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Monday, January 13, 2003 10:08 AM To: canslim@lists.xmission.com Subject: [CANSLIM] ROK Hi all, and happy new year! Watching ROK this morning, it seems like it is in danger of breaking below the pivot of $22.40. I know in the past Katherine has noted that if a stock that she has recently bought on breakout falls below the pivot in the first few days, she may consider a sell, but I am curious if everyone looks at what is going on during the day, or are those type of decisions made on end of day price. So for instance, if ROK falls below the pivot during today, but finishes above it, did it violate the pivot point? Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.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: Tue, 14 Jan 2003 21:38:10 EST From: BIKEAR@aol.com Subject: Re: [CANSLIM] RS 
where can I find the RS and all the canslim stuff to look at the stocks

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