From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2015 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 Wednesday, January 9 2002 Volume 02 : Number 2015 In this issue: Re: [CANSLIM] TASR AW: [CANSLIM] DFXI Re: [CANSLIM] TASR Re: [CANSLIM] TASR Re: [CANSLIM] TASR RE: [CANSLIM] DFXI RE: [CANSLIM] Bulkowski re: patterns besides C&H ---------------------------------------------------------------------- Date: Wed, 9 Jan 2002 08:06:47 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] TASR This is a multi-part message in MIME format. - ------=_NextPart_000_0009_01C198E4.95D34160 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nice catch, Tom. It shows the value of knowing the underlying stock and = catching it on good pullbacks. In your analysis, would it bother you = that they have several quarters of negative EPS? I also show a forward = growth rate of -2%. Because of this, a stock like TASR would run below = my radar. What's your take on forward growth? I suppose if they were = awarded any substantial contracts, etc., their forward story would be = different than the current analysis would suggest. Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 7:46 AM Subject: [CANSLIM] TASR Taser is currently crossed market in pre-market trading after heavy = volume and a 13% gain yesterday. Currently trading 16.75, up nearly 15% = more. Obviously way too extended to buy, but if you were as lucky as me = to buy more at yesterday's low, looks like a volatile and hopefully nice = ride today on a likely gap up on the open. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0009_01C198E4.95D34160 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nice catch, Tom. It shows the value of knowing the underlying stock = and=20 catching it on good pullbacks. In your analysis, would it bother you = that they=20 have several quarters of negative EPS? I also show a forward growth rate = of -2%.=20 Because of this, a stock like TASR would run below my radar. What's your = take on=20 forward growth? I suppose if they were awarded any substantial = contracts, etc.,=20 their forward story would be different than the current analysis would=20 suggest.
 
Katherine
----- Original Message -----
From:=20 Tom = Worley=20
To: canslim@lists.xmission.com=
Sent: Wednesday, January 09, = 2002 7:46=20 AM
Subject: [CANSLIM] TASR

Taser is currently crossed market in = pre-market trading=20 after heavy volume and a 13% gain yesterday. Currently trading 16.75, = up=20 nearly 15% more. Obviously way too extended to buy, but if you were as = lucky=20 as me to buy more at yesterday's low, looks like a volatile and = hopefully nice=20 ride today on a likely gap up on the open.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0009_01C198E4.95D34160-- - - - -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: Wed, 9 Jan 2002 15:39:16 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] DFXI Breaks out right now, lets see if it holds up ... > -----Ursprungliche Nachricht----- > Von: Mike Gibbons [SMTP:mikegibbons@proactech.com] > Gesendet am: Tuesday, January 08, 2002 11:43 PM > An: canslim@lists.xmission.com > Betreff: RE: [CANSLIM] DFXI > > Yes it did but fell back below it's high of the day. Also, action in the > handle has been sloppy - one normally hopes to see price pullback on falling > volume but in fact it's made a couple of attempts to BO on above average > volume since forming the pivot on 12/10. I wouldn't rush in with an > overnight order! > > Mike Gibbons > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave > Sent: Tuesday, January 08, 2002 11:39 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] DFXI > > DFXI made a late day surge today and may be on the verge of breaking out. > > - > -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. ------------------------------ Date: Wed, 9 Jan 2002 09:39:46 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] TASR This is a multi-part message in MIME format. - ------=_NextPart_000_0054_01C198F1.92D5F400 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Katherine, TASR is a good example of where my propensity for fundamentals pays off = when used in combination with CANSLIM. I liked the story of Taser, I = knew the product (non lethal weapon, electrical). I held off initially = because their sales were so low, and they were yet to be profitable (one = of my basic requirements). But after 9/11, when I saw the airlines = talking to the company (and over 1,000 police departments were already = testing or using their tasers), I saw the immediate value of their = product, and the likelihood of FAA approval (expected now later this = month).=20 United Airlines already contracted with them for about 1,000 units (at = about $600 each, doesn't sound like much but a big percentage of = quarterly sales, and they have inventory for immediate delivery, so = should be in Q4 results. Two other airlines also contracted with them, = and several others are talking to them, but waiting on FAA approval of = non-lethal weapons in the cockpit. Now they also announce that they are introducing a "home consumer" stun = gun, lower powered than the police version. Opens up another piece of = the marketing pie. Less than 30 minutes into today's open, it already up = over 21% on over 4X ADV, I'm smiling. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 9:06 AM Subject: Re: [CANSLIM] TASR Nice catch, Tom. It shows the value of knowing the underlying stock = and catching it on good pullbacks. In your analysis, would it bother you = that they have several quarters of negative EPS? I also show a forward = growth rate of -2%. Because of this, a stock like TASR would run below = my radar. What's your take on forward growth? I suppose if they were = awarded any substantial contracts, etc., their forward story would be = different than the current analysis would suggest. Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 7:46 AM Subject: [CANSLIM] TASR Taser is currently crossed market in pre-market trading after heavy = volume and a 13% gain yesterday. Currently trading 16.75, up nearly 15% = more. Obviously way too extended to buy, but if you were as lucky as me = to buy more at yesterday's low, looks like a volatile and hopefully nice = ride today on a likely gap up on the open. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0054_01C198F1.92D5F400 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Katherine,
 
TASR is a good example of where my propensity = for=20 fundamentals pays off when used in combination with CANSLIM. I liked the = story=20 of Taser, I knew the product (non lethal weapon, electrical). I held off = initially because their sales were so low, and they were yet to be = profitable=20 (one of my basic requirements). But after 9/11, when I saw the airlines = talking=20 to the company (and over 1,000 police departments were already testing = or using=20 their tasers), I saw the immediate value of their product, and the = likelihood of=20 FAA approval (expected now later this month).
 
United Airlines already contracted with them for = about=20 1,000 units (at about $600 each, doesn't sound like much but a big = percentage of=20 quarterly sales, and they have inventory for immediate delivery, so = should be in=20 Q4 results. Two other airlines also contracted with them, and several = others are=20 talking to them, but waiting on FAA approval of non-lethal weapons in = the=20 cockpit.
 
Now they also announce that they are introducing = a "home=20 consumer" stun gun, lower powered than the police version. Opens up = another=20 piece of the marketing pie. Less than 30 minutes into today's open, it = already=20 up over 21% on over 4X ADV, I'm smiling.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, January 09, = 2002 9:06=20 AM
Subject: Re: [CANSLIM] = TASR

Nice catch, Tom. It shows the value of knowing the underlying = stock and=20 catching it on good pullbacks. In your analysis, would it bother you = that they=20 have several quarters of negative EPS? I also show a forward growth = rate of=20 -2%. Because of this, a stock like TASR would run below my radar. = What's your=20 take on forward growth? I suppose if they were awarded any substantial = contracts, etc., their forward story would be different than the = current=20 analysis would suggest.
 
Katherine
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, January 09, = 2002 7:46=20 AM
Subject: [CANSLIM] TASR

Taser is currently crossed market in = pre-market=20 trading after heavy volume and a 13% gain yesterday. Currently = trading=20 16.75, up nearly 15% more. Obviously way too extended to buy, but if = you=20 were as lucky as me to buy more at yesterday's low, looks like a = volatile=20 and hopefully nice ride today on a likely gap up on the = open.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0054_01C198F1.92D5F400-- - - - -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: Wed, 9 Jan 2002 09:08:55 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] TASR This is a multi-part message in MIME format. - ------=_NextPart_000_002F_01C198ED.43F538E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Three thoughts, Tom. First, whether or not you play this as "pure" CANSLIM, I think your = analysis shows how important underlying fundamental due diligence is = when assessing the quality of a stock/company. The longer the expected = holding period, the more important this becomes. Second...excellent pick! Third...darn....are we going to have to worry about random people = tasering us in a crowded mall? Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 8:39 AM Subject: Re: [CANSLIM] TASR Hi Katherine, TASR is a good example of where my propensity for fundamentals pays = off when used in combination with CANSLIM. I liked the story of Taser, I = knew the product (non lethal weapon, electrical). I held off initially = because their sales were so low, and they were yet to be profitable (one = of my basic requirements). But after 9/11, when I saw the airlines = talking to the company (and over 1,000 police departments were already = testing or using their tasers), I saw the immediate value of their = product, and the likelihood of FAA approval (expected now later this = month).=20 United Airlines already contracted with them for about 1,000 units (at = about $600 each, doesn't sound like much but a big percentage of = quarterly sales, and they have inventory for immediate delivery, so = should be in Q4 results. Two other airlines also contracted with them, = and several others are talking to them, but waiting on FAA approval of = non-lethal weapons in the cockpit. Now they also announce that they are introducing a "home consumer" = stun gun, lower powered than the police version. Opens up another piece = of the marketing pie. Less than 30 minutes into today's open, it already = up over 21% on over 4X ADV, I'm smiling. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 9:06 AM Subject: Re: [CANSLIM] TASR Nice catch, Tom. It shows the value of knowing the underlying stock = and catching it on good pullbacks. In your analysis, would it bother you = that they have several quarters of negative EPS? I also show a forward = growth rate of -2%. Because of this, a stock like TASR would run below = my radar. What's your take on forward growth? I suppose if they were = awarded any substantial contracts, etc., their forward story would be = different than the current analysis would suggest. Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 7:46 AM Subject: [CANSLIM] TASR Taser is currently crossed market in pre-market trading after = heavy volume and a 13% gain yesterday. Currently trading 16.75, up = nearly 15% more. Obviously way too extended to buy, but if you were as = lucky as me to buy more at yesterday's low, looks like a volatile and = hopefully nice ride today on a likely gap up on the open. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_002F_01C198ED.43F538E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Three thoughts, Tom.
 
First, whether or not you play this as "pure" CANSLIM, I think your = analysis shows how important underlying fundamental due diligence is = when=20 assessing the quality of a stock/company. The longer the expected = holding=20 period, the more important this becomes.
 
Second...excellent pick!
 
Third...darn....are we going to have to worry about random people = tasering=20 us in a crowded mall?
 
 
Katherine
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Wednesday, January 09, = 2002 8:39=20 AM
Subject: Re: [CANSLIM] = TASR

Hi Katherine,
 
TASR is a good example of where my propensity = for=20 fundamentals pays off when used in combination with CANSLIM. I liked = the story=20 of Taser, I knew the product (non lethal weapon, electrical). I held = off=20 initially because their sales were so low, and they were yet to be = profitable=20 (one of my basic requirements). But after 9/11, when I saw the = airlines=20 talking to the company (and over 1,000 police departments were already = testing=20 or using their tasers), I saw the immediate value of their product, = and the=20 likelihood of FAA approval (expected now later this month). =
 
United Airlines already contracted with them = for about=20 1,000 units (at about $600 each, doesn't sound like much but a big = percentage=20 of quarterly sales, and they have inventory for immediate delivery, so = should=20 be in Q4 results. Two other airlines also contracted with them, and = several=20 others are talking to them, but waiting on FAA approval of non-lethal = weapons=20 in the cockpit.
 
Now they also announce that they are = introducing a "home=20 consumer" stun gun, lower powered than the police version. Opens up = another=20 piece of the marketing pie. Less than 30 minutes into today's open, it = already=20 up over 21% on over 4X ADV, I'm smiling.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, January 09, = 2002 9:06=20 AM
Subject: Re: [CANSLIM] = TASR

Nice catch, Tom. It shows the value of knowing the underlying = stock and=20 catching it on good pullbacks. In your analysis, would it bother you = that=20 they have several quarters of negative EPS? I also show a forward = growth=20 rate of -2%. Because of this, a stock like TASR would run below my = radar.=20 What's your take on forward growth? I suppose if they were awarded = any=20 substantial contracts, etc., their forward story would be different = than the=20 current analysis would suggest.
 
Katherine
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Wednesday, January = 09, 2002=20 7:46 AM
Subject: [CANSLIM] = TASR

Taser is currently crossed market in = pre-market=20 trading after heavy volume and a 13% gain yesterday. Currently = trading=20 16.75, up nearly 15% more. Obviously way too extended to buy, but = if you=20 were as lucky as me to buy more at yesterday's low, looks like a = volatile=20 and hopefully nice ride today on a likely gap up on the = open.
 
Tom Worley
stkguru@netside.net
AIM:=20 = TexWorley
- ------=_NextPart_000_002F_01C198ED.43F538E0-- - - - -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: Wed, 9 Jan 2002 09:55:15 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] TASR This is a multi-part message in MIME format. - ------=_NextPart_000_0071_01C198F3.BD074650 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Katherine, On your third point, only if you seem threatening, and at least it's non = lethal. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 10:08 AM Subject: Re: [CANSLIM] TASR Three thoughts, Tom. First, whether or not you play this as "pure" CANSLIM, I think your = analysis shows how important underlying fundamental due diligence is = when assessing the quality of a stock/company. The longer the expected = holding period, the more important this becomes. Second...excellent pick! Third...darn....are we going to have to worry about random people = tasering us in a crowded mall? Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 8:39 AM Subject: Re: [CANSLIM] TASR Hi Katherine, TASR is a good example of where my propensity for fundamentals pays = off when used in combination with CANSLIM. I liked the story of Taser, I = knew the product (non lethal weapon, electrical). I held off initially = because their sales were so low, and they were yet to be profitable (one = of my basic requirements). But after 9/11, when I saw the airlines = talking to the company (and over 1,000 police departments were already = testing or using their tasers), I saw the immediate value of their = product, and the likelihood of FAA approval (expected now later this = month).=20 United Airlines already contracted with them for about 1,000 units = (at about $600 each, doesn't sound like much but a big percentage of = quarterly sales, and they have inventory for immediate delivery, so = should be in Q4 results. Two other airlines also contracted with them, = and several others are talking to them, but waiting on FAA approval of = non-lethal weapons in the cockpit. Now they also announce that they are introducing a "home consumer" = stun gun, lower powered than the police version. Opens up another piece = of the marketing pie. Less than 30 minutes into today's open, it already = up over 21% on over 4X ADV, I'm smiling. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 9:06 AM Subject: Re: [CANSLIM] TASR Nice catch, Tom. It shows the value of knowing the underlying = stock and catching it on good pullbacks. In your analysis, would it = bother you that they have several quarters of negative EPS? I also show = a forward growth rate of -2%. Because of this, a stock like TASR would = run below my radar. What's your take on forward growth? I suppose if = they were awarded any substantial contracts, etc., their forward story = would be different than the current analysis would suggest. Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 7:46 AM Subject: [CANSLIM] TASR Taser is currently crossed market in pre-market trading after = heavy volume and a 13% gain yesterday. Currently trading 16.75, up = nearly 15% more. Obviously way too extended to buy, but if you were as = lucky as me to buy more at yesterday's low, looks like a volatile and = hopefully nice ride today on a likely gap up on the open. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0071_01C198F3.BD074650 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Katherine,
 
On your third point, only if you seem = threatening, and at=20 least it's non lethal.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, January 09, = 2002 10:08=20 AM
Subject: Re: [CANSLIM] = TASR

Three thoughts, Tom.
 
First, whether or not you play this as "pure" CANSLIM, I think = your=20 analysis shows how important underlying fundamental due diligence is = when=20 assessing the quality of a stock/company. The longer the expected = holding=20 period, the more important this becomes.
 
Second...excellent pick!
 
Third...darn....are we going to have to worry about random people = tasering us in a crowded mall?
 
 
Katherine
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, January 09, = 2002 8:39=20 AM
Subject: Re: [CANSLIM] = TASR

Hi Katherine,
 
TASR is a good example of where my = propensity for=20 fundamentals pays off when used in combination with CANSLIM. I liked = the=20 story of Taser, I knew the product (non lethal weapon, electrical). = I held=20 off initially because their sales were so low, and they were yet to = be=20 profitable (one of my basic requirements). But after 9/11, when I = saw the=20 airlines talking to the company (and over 1,000 police departments = were=20 already testing or using their tasers), I saw the immediate value of = their=20 product, and the likelihood of FAA approval (expected now later this = month).=20
 
United Airlines already contracted with them = for about=20 1,000 units (at about $600 each, doesn't sound like much but a big=20 percentage of quarterly sales, and they have inventory for immediate = delivery, so should be in Q4 results. Two other airlines also = contracted=20 with them, and several others are talking to them, but waiting on = FAA=20 approval of non-lethal weapons in the cockpit.
 
Now they also announce that they are = introducing a=20 "home consumer" stun gun, lower powered than the police version. = Opens up=20 another piece of the marketing pie. Less than 30 minutes into = today's open,=20 it already up over 21% on over 4X ADV, I'm smiling.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, January = 09, 2002=20 9:06 AM
Subject: Re: [CANSLIM] = TASR

Nice catch, Tom. It shows the value of knowing the underlying = stock=20 and catching it on good pullbacks. In your analysis, would it = bother you=20 that they have several quarters of negative EPS? I also show a = forward=20 growth rate of -2%. Because of this, a stock like TASR would run = below my=20 radar. What's your take on forward growth? I suppose if they were = awarded=20 any substantial contracts, etc., their forward story would be = different=20 than the current analysis would suggest.
 
Katherine
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Wednesday, January = 09, 2002=20 7:46 AM
Subject: [CANSLIM] = TASR

Taser is currently crossed market in = pre-market=20 trading after heavy volume and a 13% gain yesterday. Currently = trading=20 16.75, up nearly 15% more. Obviously way too extended to buy, = but if you=20 were as lucky as me to buy more at yesterday's low, looks like a = volatile and hopefully nice ride today on a likely gap up on the = open.
 
Tom Worley
stkguru@netside.net
AIM:=20 = TexWorley
- ------=_NextPart_000_0071_01C198F3.BD074650-- - - - -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: Wed, 9 Jan 2002 10:28:40 -0500 From: "Dave" Subject: RE: [CANSLIM] DFXI True, the handle was a bit sloppy but for the most part volume in the handle was below normal. It also made a pretty nice ascending triangle. As for the action at the end of the day, I think you're reading too much into it. The stock made a tremendous surge on volume in the last half hour of trading. It then pulled back on lower volume but didn't undercut that "intraday breakout point". It then found some new buyers at the very end of the session. You can find flaws in any chart formation. I've missed many huge winners by refusing to buy what I perceived as a flawed handle, or by putting too much weight on intraday analysis. Even IBD will go on to call "perfect cup-handle breakouts" on stocks that have somewhat questionable formations. I won't be surprised to see DFXI mentioned tomorrow as a good example. Of course hindsight is 20/20. Nevertheless I'm glad I bought yesterday :) > > Yes it did but fell back below it's high of the day. Also, > action in the > > handle has been sloppy - one normally hopes to see price > pullback on falling > > volume but in fact it's made a couple of attempts to BO on > above average > > volume since forming the pivot on 12/10. I wouldn't rush in with an > > overnight order! > > > > Mike Gibbons - - - -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: Wed, 9 Jan 2002 10:36:05 -0800 From: "Edward McDonough" Subject: RE: [CANSLIM] Bulkowski re: patterns besides C&H This is a multi-part message in MIME format. - ------=_NextPart_000_0046_01C198F9.763A5EA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Tom, One of the oldest stock books out there talks about this pattern. Nicholas Darvas I believe it was called, " How I made $2 million in the Market." Or "How I made $1 million in the Market." It may still be in print. Call me crazy. Play to win! Ed - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Tuesday, January 08, 2002 7:45 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H Hi David, Thanks for the kind words, I hope what I post helps you and other members. I am an investor, especially now that I have little time to watch the markets. Even when I was an active stock broker, I did very little short term trading, and then only when the clients wanted to, and were suitable. When I consider buying a stock, I always ask myself the question, "am I willing to own this stock for at least three months, even if it's not making me money?" If the answer is not a resounding YES (based on fundies, my projection of future earnings, chart, "M", etc.) then I don't buy it. That simple. Ideally for me, I want to like it enough to own it for a year or two. I have actually bought very few LLUR patterns, just a personal quirk with me, I guess. But you don't want to buy a LLUR on a true b/o, because that may signal the end of the pattern. Whether investing or trading, the ideal is to buy as it nudges and bounces off the moving average line you have determined best describes the lower trend line. At that point it is likely to be below its 12 month high, usually just set a few days to a few weeks prior. What you are buying is a trend, and when the trend changes you must be on guard. A sharp breakout up would signal a change, and be cause for you to have your finger on the sell trigger. A break down in price can be sharp, because there is no other established base nearby to create support on any correction. And holders of long term tend to get complacent, once they start to panic, it can quickly turn into an avalanche of sell orders. I must point out to members that LLUR is not a recognized or documented pattern. It was contributed as a concept to this group by a former member (James??) that ultimately left in a huff when some of his other ideas and practices were not as well accepted by some members (me particularly). But this was one that did make sense. The chart pattern is seen more clearly by tilting your head about 30 to 45 degrees to the left (depending on the angle of the trend). You then see a flat line base that is ultimately steadily appreciating in price. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: david frank To: canslim@lists.xmission.com Sent: Tuesday, January 08, 2002 10:30 PM Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H tom, you sure do write with clarity. on the flat base patterns, do you invest for the short or long term. and the LLUR patterns, do you trade with the trend or wait for B/Os. and also thank you for your weekly list i believe everyone appreciates it!!! david - ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Tuesday, January 08, 2002 8:57 PM Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H You did fine, Katherine. I would only disagree with your comment that it follows the 50DMA. The 50 is the one I have noticed the most frequently, but that may be because DGO displays it. The best bet is to use a charting service like BigCharts that allows for variable time displays with different MA lines, and try a few till you find one that most closely fits that particular stock. One of the keys to the "quality" of a LLUR (after it already demonstrates solid CANSLIM criteria for growth, RS, EPS, etc) is the degree of volatility. Less is better. LLUR patterns can be used for both trading and investing. For trading, it's critical to accurately identify the upper and lower trend lines as they represent your short term exit and entry points. For investing, with a smooth LLUR, you can pick just about any point for entry. Your exit point is when the LLUR pattern changes, either with a big break out up or down, or when a down trend crosses the lower trend line. Hope this helps, Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Tuesday, January 08, 2002 6:09 PM Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H Hi Dave, The "Encyclopedia of Chart Patterns" is the only one on the shelves just now. The new book "Trading Strategies" I believe is due any time. I have pre-ordered it, but who knows if it'll be any good! LLUR is a list term which stands for "Lower Left Upper Right." At least, so far, it's not in any TA book. Tom will answer this question a little differently, but I see it as a stock in a long ascent which hugs the 50dMA very closely in a well defined trading range. I believe Tom says that it lasts a year or so. WON uses a term called "ascending base" that is similar, but shorter lived than the LLUR. When Tom posts this evening, I'm sure he'll explain further. Katherine - ----- Original Message ----- From: J. David Stem To: canslim@lists.xmission.com Sent: Tuesday, January 08, 2002 5:09 PM Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H Katherine et al, Which of the two Bulkowski books is best? I can't find them at the local B&N and am going to order from Amazon. By the way, I hate to ask, but what is LLUR? It's the one acronym that's escaping me! Dave _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.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. - ------=_NextPart_000_0046_01C198F9.763A5EA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
One of the oldest = stock books out=20 there talks about this pattern.
 
Nicholas = Darvas
 
I believe it was = called, " How I=20 made $2 million in=20 the Market."
 
Or=20 "How I made $1 million in the Market."
 
It may=20 still be in print.
 
Call me = crazy.
 
Play to = win!
 
Ed
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Tuesday, January 08, 2002 7:45 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Bulkowski = re:=20 patterns besides C&H

Hi David,
 
Thanks for the kind words, I hope what I post = helps you=20 and other members.
 
I am an investor, especially now that I have = little time=20 to watch the markets. Even when I was an active stock broker, I did = very=20 little short term trading, and then only when the clients wanted to, = and were=20 suitable. When I consider buying a stock, I always ask myself the = question,=20 "am I willing to own this stock for at least three months, even if = it's not=20 making me money?" If the answer is not a resounding YES (based on = fundies, my=20 projection of future earnings, chart, "M", etc.) then I don't buy it. = That=20 simple. Ideally for me, I want to like it enough to own it for a year = or=20 two.
 
I have actually bought very few LLUR = patterns, just a=20 personal quirk with me, I guess. But you don't want to buy a LLUR on = a true=20 b/o, because that may signal the end of the pattern. Whether = investing or=20 trading, the ideal is to buy as it nudges and bounces off the moving = average=20 line you have determined best describes the lower trend line. At that = point it=20 is likely to be below its 12 month high, usually just set a few days = to a few=20 weeks prior. What you are buying is a trend, and when the trend = changes you=20 must be on guard. A sharp breakout up would signal a change, and be = cause for=20 you to have your finger on the sell trigger. A break down in price = can be=20 sharp, because there is no other established base nearby to create = support on=20 any correction. And holders of long term tend to get complacent, once = they=20 start to panic, it can quickly turn into an avalanche of sell=20 orders.
 
I must point out to members that LLUR is not = a=20 recognized or documented pattern. It was contributed as a concept to = this=20 group by a former member (James??) that ultimately left in a huff = when some of=20 his other ideas and practices were not as well accepted by some = members (me=20 particularly). But this was one that did make sense. The chart = pattern is seen=20 more clearly by tilting your head about 30 to 45 degrees to the left=20 (depending on the angle of the trend). You then see a flat line base = that is=20 ultimately steadily appreciating in price.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 david frank
Sent: Tuesday, January 08, = 2002 10:30=20 PM
Subject: Re: [CANSLIM] = Bulkowski re:=20 patterns besides C&H

tom, you sure do write with = clarity. on the=20 flat base patterns, do you invest for the short or long term. and = the LLUR=20 patterns, do you trade with the trend or wait for B/Os. and also = thank you=20 for your weekly list i believe everyone appreciates it!!! = david
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com=20
Sent: Tuesday, January 08, = 2002 8:57=20 PM
Subject: Re: [CANSLIM] = Bulkowski re:=20 patterns besides C&H

You did fine, Katherine. I would only = disagree with=20 your comment that it follows the 50DMA.  The 50 is the one I = have=20 noticed the most frequently, but that may be because DGO displays = it. The=20 best bet is to use a charting service like BigCharts that allows = for=20 variable time displays with different MA lines, and try a few = till you=20 find one that most closely fits that particular = stock.
 
One of the keys to the "quality" of a = LLUR (after it=20 already demonstrates solid CANSLIM criteria for growth, RS, EPS, = etc) is=20 the degree of volatility. Less is better.
 
LLUR patterns can be used for both = trading and=20 investing. For trading, it's critical to accurately identify the = upper and=20 lower trend lines as they represent your short term exit and = entry points.=20 For investing, with a smooth LLUR, you can pick just about any = point for=20 entry. Your exit point is when the LLUR pattern changes, either = with a big=20 break out up or down, or when a down trend crosses the lower = trend=20 line.
 
Hope this helps,
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com=20
Sent: Tuesday, January = 08, 2002=20 6:09 PM
Subject: Re: [CANSLIM] = Bulkowski=20 re: patterns besides C&H

Hi Dave,
 
The "Encyclopedia of Chart Patterns" is the only one = on the=20 shelves just now. The new book "Trading Strategies" I believe = is due any=20 time. I have pre-ordered it, but who knows if it'll be any = good!
 
LLUR is a list term which stands for "Lower Left Upper = Right." At=20 least, so far, it's not in any TA book. Tom will answer this = question a=20 little differently, but I see it as a stock in a long ascent = which hugs=20 the 50dMA very closely in a well defined trading range. I = believe Tom=20 says that it lasts a year or so. WON uses a term called = "ascending base"=20 that is similar, but shorter lived than the LLUR. When Tom = posts this=20 evening, I'm sure he'll explain further.
 
Katherine
----- Original Message ----- =
From:=20 J. David=20 Stem
To: canslim@lists.xmission.com=20
Sent: Tuesday, January = 08, 2002=20 5:09 PM
Subject: Re: [CANSLIM] = Bulkowski=20 re: patterns besides C&H

Katherine et al,

Which of the two = Bulkowski=20 books is best?  I can't find them at the local =
B&N and am=20 going to order from Amazon.

By the way, I hate to ask, = but what=20 is LLUR?  It's the one acronym that's
escaping=20 = me!

Dave



_________________________________________= ________________________
Chat=20 with friends online, try MSN Messenger: http://messenger.msn.com

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-I= n=20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do not use quotes in your=20 = email.
<= /BODY> - ------=_NextPart_000_0046_01C198F9.763A5EA0-- - - - -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 #2015 ****************************** 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.