From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #651 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, July 15 1999 Volume 02 : Number 651 In this issue: Re: [CANSLIM] SCNYB [CANSLIM] Changing your canslim subscription [CANSLIM] Connie, DELL. ---------------------------------------------------------------------- Date: Wed, 14 Jul 1999 12:04:15 -0400 From: Walter Stock Subject: Re: [CANSLIM] SCNYB Hi Dan et al, Saucony make outstanding athletic shoes for serious runners. My wife runs 10k up to three times a week, and burns through 4 or more pairs of running shoes per year. Last year she converted to Saucony, and now she won't wear any other brand. She rates Adidas and Asics as ok, dislikes Reeboks and hates Nikes. The other folks in her running group are starting to like them too. Apparently these shoes provide the right amount of support, and prevent "over-pronation" while running (...don't ask). Have not investigated the company fundamentals. A weekly chart going back to the start of trading in '93 puts the current rise in perspective. The stock has completed an immense cup or saucer bottom, and is currently trading at 26,double its '93 high of 12 3/4. If I had caught this stock on the high volume breakout, my initial rough target would have been 12 3/4 + (12 3/4 - 3 3/4)= 21 3/4. This is just the depth of the saucer added to the breakout price. The technical indicators I follow gave an early sell signal on June 18. Walter Oakville, Ontario, Canada Dan Musicant wrote: > On Thu, 08 Jul 1999 14:42:24 -0400, you wrote: > > :Marc, > : > :I make the pivot to be 23 3/4. Buying range = 23 7/8 to about 26 1/4 (+10%). > :I'd call it a 4 week base (very short). What a rocket of a stock - > :surprised I had not noticed it before. It is up 150% since the last base > :(ran from 9 to 24). Certainly is in a hurry. QP2 doesn't show any fundies > :data, but it looks too late to me anyway - by a point or so (although it > :may pull back for a second chance ala RFMD yesterday and early today). It > :is a fairly high risk stock due to the extraordinarily short base. > : > :Don't they make tennis shoes? NKE has had a hard time there recently, but > :KSWS made a big run over the last few months. Certainly plenty of > :competition in that business. I don't understand the big runs (is the NKE > :revenue swinging to the smaller competitors?) ... but the action speaks for > :itself. Nice chart. Probably a turnaround vis a vis the fundamentals (1 > :out of 3 CS stocks are). > > Saucony make athletic shoes. I've seen a lot of people wearing them > around Berkeley, which is the kind of place you would see them, I guess. > My impression is that they specialize in running shoes...that they are > more of a serious athlete's shoe than say a Nike, and even an Addidas > shoe these days. I think Addidas used to be more an athlete's shoe, but > have moved bigger and more mainstream these days. That could just be my > impression, though, as I am not haunting the tracks lately! I know, this > isn't too much help on reading the chart, gentlemen. > > I'm finding it precious hard to find any info on Saucony, besides the > chart, which does look a bit precarious to me. Even Yahoo has no profile > on them. However, it may continue its torrid pace (5 times appreciation > since around Feb. 25 is pretty torrid, eh?). - - ------------------------------ Date: 15 Jul 1999 08:00:01 -0600 From: owner-canslim@lists.xmission.com (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription This is a monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are two remedies for this problem: 1) You can leave our group, or 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. To change your configuration, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@lists.xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - - ------------------------------ Date: Thu, 15 Jul 1999 19:06:49 -0400 (EDT) From: TM Subject: [CANSLIM] Connie, DELL. Hello, Connie- I appreciate your teachings on how to read BigCharts and the doubling principle. Have I learned anything? It takes awhile to learn how to prioritize the nuances. I think DELL made a run for the goal at day's end, but didn't make it. I don't think you are interested in chart patterns per se, but there is a tie in with your doubling principle presently as I see it (a little more later). DELL-positives: today on the intraday chart hourly; it closed near the high of the day on good volume. I interpret OBV and Money Flow to be positive. Also Parabolic SAR is positive. The negatives: turned back at resistance line ~44 1/8 a few times on Live!Charts PriceSales List. Has long term resistance in this area from late Feb on. Doubling principle 3/7 exists. MACD shows negative divergence indicating internal weakness. More long term - 3 month chart OBV, MF, MACD are positive. Doubling principle in effect. Possibly an inverted head and shoulder pattern setting up or cup with handle. A pull back would not be unexpected in view of doubling principle. TM _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ End of canslim-digest V2 #651 ***************************** 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.