From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2054 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, January 17 2002 Volume 02 : Number 2054 In this issue: RE: [CANSLIM] DYII Revisited--post analysis AW: [CANSLIM] DYII Revisited--post analysis Re: AW: [CANSLIM] DYII Revisited--post analysis Re: [CANSLIM] DYII Revisited--post analysis ---------------------------------------------------------------------- Date: Thu, 17 Jan 2002 13:53:44 -0600 From: Dave Wulf Subject: RE: [CANSLIM] DYII Revisited--post analysis I have a question(s) with regard to the Greenberg Article..... First is: How is it he (Greenberg),happened to sit in on this call? Second is: What if....just what if, there are no "accounting shenananigans" and the CFO and CEO are not making goofy responses/non-responses? And last a suggestion that he sit in on a conference call for his employer: The Street.Com (TSCM) sometime.....now there's a chart to analyze. Regards, Dave Wulf > ---------- > From: Gene Ricci[SMTP:genr@swbell.net] > Reply To: canslim@lists.xmission.com > Sent: Thursday, January 17, 2002 1:35 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] DYII Revisited--post analysis > > Topping Tail Bars - TT (Tail or Wick UP) > > Bars in which prices had been higher, then supply forced prices lower into > the lower part of the bars range. > > Pristine Tip: While there are different variations, the message is always > the same ! Distribution has occurred! > > > > Bottoming Tail Bars - BT (Tail or Wick DOWN) > > Bars in which prices had been lower, then demand forced prices higher into > the upper part of the bars range. > > Pristine Tip: While there are different variations, the message is always > the same ! Accumulation has occurred! > > > > > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Thursday, January 17, 2002 12:51 PM > Subject: Re: [CANSLIM] DYII Revisited--post analysis > > Thanks, Bill. > > There are more technical terms for what I call a tail. In > candlestick analysis there is a name for a "tail up" and a "tail down" but > I always forget their official names as I have no context for the terms. I > tend to use more personal words to describe price action and it > unfortunately doesn't always translate well. When I was a kid I used to > chase and catch pollywogs....thus my use of the term "tail." Tail > down...pollywog swimming south. Tail up....pollywog swimming north. > > My personal favorite site for learning more about technical analysis > is TradingMarkets.com. (excellent paid site-- > http://www.tradingmarkets.com ) Another with good technical chart reading > lessons (free) is StockCharts.com ( > http://stockcharts.com/education/index.html). For info on candlesticks > (free)--- http://www.litwick.com > > Katherine > > PS... re "Btw, as I stare at my Jan 11, IBD Weekend Review my > thoughts are: "Why is it > listed here?" Exactly the reason I do my own homework. > Interestingly, the EPS/SMR/ROE numbers if used as a proxy for fundamental > strength would have told you this was ok. The high RS implies some form of > technical strength. BUT due diligence and good chart reading tell another > story. I don't think WON would advocate buying into such a faulty pattern, > so I understand why it showed up on the list, but would otherwise be a > "pass." > > > ----- Original Message ----- > From: Bill Triffet > To: canslim@lists.xmission.com > Sent: Thursday, January 17, 2002 12:37 PM > Subject: Re: [CANSLIM] DYII Revisited--post analysis > > Excellent analysis Katherine! The comment (2) about "short > sellers at fault" > should have been a big red flag. > Excuse me if you've been asked this before here but your > reference to > "tails" in this and other posts has poked my interest as a > way to track > daily price moves. Is there a site or book you can recommend > for study? > > Btw, as I stare at my Jan 11, IBD Weekend Review my thoughts > are: "Why is it > listed here?". > > > -Bill > ----- Original Message ----- > From: "Katherine Malm" < kmalm@earthlink.net> > To: < canslim@lists.xmission.com> > Sent: Thursday, January 17, 2002 9:30 AM > Subject: [CANSLIM] DYII Revisited--post analysis > > > DYII is a stock that came up for discussion on the list in > early October. > This is a stock that crossed my radar, but at the time I > passed due to the > poor chart action around 10/5. I have been watching it since > and was > interested in what the chart might have said prior to the > failure yesterday. > Here is what I saw that would have been sell signals for me: > > (1) 10/5/01--tail...ominous end to attempted breakout of an > 11-1/2 week > base. This is one of the reasons (along with due diligence) > that I crossed > it off the list. > (2) 10/8/01--gap down just before earnings-Co. press release > says "short > sellers at fault" That's the goofiest reasoning I've ever > heard and was a > red flag that these guys don't know what they're doing. I > never like a gap > down just before an earnings announcement. It's a big red > flag. If it > happens, I'll generally wait for a bounce in the next day or > 2 that begins > to reverse and will sell into strength. > (3) 11/26/01--Breakout from sloppy 7 wk base. So, let's say > someone bought > on this breakout...let's see what comes next... > (4) 11/28/01--Reversal that closes below low of previous day > just after > B/O---I would take at least 50% off the table on this sell > rule. > (5) 12/10/01-12/12/01--3 days closing just at "pivot"--red > flag....stock has > retraced to pivot, but not a sell rule in and of itself. > (6) 1/3/02--promising action on high volume--ok, this action > is acceptable, > might be ok afterall...but still the red flags are > there...more red flags > and this one should be out of the portfolio. > (7) 1/8/02-1/9/02--high volume with no progress for 2 days > in a row---last > red flag in my book, if I'd held the last 50%, it would be > gone here. > (8) 1/10/02--high volume tail that closes below low of > previous day--if I'd > lost focus and missed the last sell, this would be the next > sell signal. > (9) 1/14/02--gaps down on earnings day (earnings announced > after market > close)--sell rule hit---if I'd lost focus and missed > everything else...this > would be it. > (10) 1/15/02--bounces, but leaves a tail on close---last > chance for the > exits, a little bounce while the bargain hunters move in. > Sell. > (11) 1/16/02--resolution. 2:46 pm, just before market close, > Herb Greenberg > article at theStreet.com points out possible accounting > shenanigans and > goofy CEO/CFO nonresponse to income statement inquiries. If > I'd missed > everything else and this plunged, an open protective stop > set for > "catastrophic loss" would have caught this on the way down. > (12) 1/16/02--Company issues response to Greenberg article > after market > close. I still can't figure out why a CFO couldn't have > answered these > questions when they were asked. Maybe he learned accounting > somewhere other > than the US and is still learning. > > A chart with comments is posted at: > http://WallStreet-LLC.com/pub/DYII-PostAnal_011602.jpg > > Katherine > > > > > > - > -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 Jan 2002 21:05:44 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] DYII Revisited--post analysis yep, just got kicked out (with a smal profit ...) > -----Ursprungliche Nachricht----- > Von: Gyorgy Veszpremi [SMTP:GyorgyV@rcmachine.com] > Gesendet am: Thursday, January 17, 2002 8:44 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] DYII Revisited--post analysis > > It seems that one of the last few good looking charts (DFXI) is also breaking > down. > > Gene Ricci wrote: > > > Topping Tail Bars - TT (Tail or Wick UP) > > > > Bars in which prices had been higher, then supply forced prices lower into the > > lower part of the bars range. > > > > Pristine Tip: While there are different variations, the message is always the > > same ! Distribution has occurred! > > > > > > > > Bottoming Tail Bars - BT (Tail or Wick DOWN) > > > > Bars in which prices had been lower, then demand forced prices higher into the > > upper part of the bars range. > > > > Pristine Tip: While there are different variations, the message is always the > > same ! Accumulation has occurred! > > > > > > > > > > > > ----- Original Message ----- > > From: Katherine Malm > > To: canslim@lists.xmission.com > > Sent: Thursday, January 17, 2002 12:51 PM > > Subject: Re: [CANSLIM] DYII Revisited--post analysis > > Thanks, Bill. There are more technical terms for what I call a > > tail. In candlestick analysis there is a name for a "tail up" and a > > "tail down" but I always forget their official names as I have no > > context for the terms. I tend to use more personal words to describe > > price action and it unfortunately doesn't always translate well. > > When I was a kid I used to chase and catch pollywogs....thus my use > > of the term "tail." Tail down...pollywog swimming south. Tail > > up....pollywog swimming north. My personal favorite site for > > learning more about technical analysis is TradingMarkets.com. > > (excellent paid site-- http://www.tradingmarkets.com ) Another with > > good technical chart reading lessons (free) is StockCharts.com > > (http://stockcharts.com/education/index.html). For info on > > candlesticks (free)--- http://www.litwick.com Katherine PS... re > > "Btw, as I stare at my Jan 11, IBD Weekend Review my thoughts are: > > "Why is it > > listed here?" Exactly the reason I do my own homework. > > Interestingly, the EPS/SMR/ROE numbers if used as a proxy for > > fundamental strength would have told you this was ok. The high RS > > implies some form of technical strength. BUT due diligence and good > > chart reading tell another story. I don't think WON would advocate > > buying into such a faulty pattern, so I understand why it showed up > > on the list, but would otherwise be a "pass." > > > > ----- Original Message ----- > > From: Bill Triffet > > To: canslim@lists.xmission.com > > Sent: Thursday, January 17, 2002 12:37 PM > > Subject: Re: [CANSLIM] DYII Revisited--post analysis > > Excellent analysis Katherine! The comment (2) about > > "short sellers at fault" > > should have been a big red flag. > > Excuse me if you've been asked this before here but your > > reference to > > "tails" in this and other posts has poked my interest as a > > way to track > > daily price moves. Is there a site or book you can > > recommend for study? > > > > Btw, as I stare at my Jan 11, IBD Weekend Review my > > thoughts are: "Why is it > > listed here?". > > > > > > -Bill > > ----- Original Message ----- > > From: "Katherine Malm" > > To: > > Sent: Thursday, January 17, 2002 9:30 AM > > Subject: [CANSLIM] DYII Revisited--post analysis > > > > > > DYII is a stock that came up for discussion on the list in > > early October. > > This is a stock that crossed my radar, but at the time I > > passed due to the > > poor chart action around 10/5. I have been watching it > > since and was > > interested in what the chart might have said prior to the > > failure yesterday. > > Here is what I saw that would have been sell signals for > > me: > > > > (1) 10/5/01--tail...ominous end to attempted breakout of > > an 11-1/2 week > > base. This is one of the reasons (along with due > > diligence) that I crossed > > it off the list. > > (2) 10/8/01--gap down just before earnings-Co. press > > release says "short > > sellers at fault" That's the goofiest reasoning I've ever > > heard and was a > > red flag that these guys don't know what they're doing. I > > never like a gap > > down just before an earnings announcement. It's a big red > > flag. If it > > happens, I'll generally wait for a bounce in the next day > > or 2 that begins > > to reverse and will sell into strength. > > (3) 11/26/01--Breakout from sloppy 7 wk base. So, let's > > say someone bought > > on this breakout...let's see what comes next... > > (4) 11/28/01--Reversal that closes below low of previous > > day just after > > B/O---I would take at least 50% off the table on this sell > > rule. > > (5) 12/10/01-12/12/01--3 days closing just at "pivot"--red > > flag....stock has > > retraced to pivot, but not a sell rule in and of itself. > > (6) 1/3/02--promising action on high volume--ok, this > > action is acceptable, > > might be ok afterall...but still the red flags are > > there...more red flags > > and this one should be out of the portfolio. > > (7) 1/8/02-1/9/02--high volume with no progress for 2 days > > in a row---last > > red flag in my book, if I'd held the last 50%, it would be > > gone here. > > (8) 1/10/02--high volume tail that closes below low of > > previous day--if I'd > > lost focus and missed the last sell, this would be the > > next sell signal. > > (9) 1/14/02--gaps down on earnings day (earnings announced > > after market > > close)--sell rule hit---if I'd lost focus and missed > > everything else...this > > would be it. > > (10) 1/15/02--bounces, but leaves a tail on close---last > > chance for the > > exits, a little bounce while the bargain hunters move in. > > Sell. > > (11) 1/16/02--resolution. 2:46 pm, just before market > > close, Herb Greenberg > > article at theStreet.com points out possible accounting > > shenanigans and > > goofy CEO/CFO nonresponse to income statement inquiries. > > If I'd missed > > everything else and this plunged, an open protective stop > > set for > > "catastrophic loss" would have caught this on the way > > down. > > (12) 1/16/02--Company issues response to Greenberg article > > after market > > close. I still can't figure out why a CFO couldn't have > > answered these > > questions when they were asked. Maybe he learned > > accounting somewhere other > > than the US and is still learning. > > > > A chart with comments is posted at: > > http://WallStreet-LLC.com/pub/DYII-PostAnal_011602.jpg > > > > Katherine > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > << Datei: ATT00013.htm >> - - - -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 Jan 2002 14:09:50 -0600 From: Gyorgy Veszpremi Subject: Re: AW: [CANSLIM] DYII Revisited--post analysis A small profit is still better than a loss. Andreas Himmelreich wrote: > yep, just got kicked out (with a smal profit ...) > > > -----Ursprungliche Nachricht----- > > Von: Gyorgy Veszpremi [SMTP:GyorgyV@rcmachine.com] > > Gesendet am: Thursday, January 17, 2002 8:44 PM > > An: canslim@lists.xmission.com > > Betreff: Re: [CANSLIM] DYII Revisited--post analysis > > > > It seems that one of the last few good looking charts (DFXI) is also breaking > > down. > > > > Gene Ricci wrote: > > > > > Topping Tail Bars - TT (Tail or Wick UP) > > > > > > Bars in which prices had been higher, then supply forced prices lower into the > > > lower part of the bars range. > > > > > > Pristine Tip: While there are different variations, the message is always the > > > same ! Distribution has occurred! > > > > > > > > > > > > Bottoming Tail Bars - BT (Tail or Wick DOWN) > > > > > > Bars in which prices had been lower, then demand forced prices higher into the > > > upper part of the bars range. > > > > > > Pristine Tip: While there are different variations, the message is always the > > > same ! Accumulation has occurred! > > > > > > > > > > > > > > > > > > ----- Original Message ----- > > > From: Katherine Malm > > > To: canslim@lists.xmission.com > > > Sent: Thursday, January 17, 2002 12:51 PM > > > Subject: Re: [CANSLIM] DYII Revisited--post analysis > > > Thanks, Bill. There are more technical terms for what I call a > > > tail. In candlestick analysis there is a name for a "tail up" and a > > > "tail down" but I always forget their official names as I have no > > > context for the terms. I tend to use more personal words to describe > > > price action and it unfortunately doesn't always translate well. > > > When I was a kid I used to chase and catch pollywogs....thus my use > > > of the term "tail." Tail down...pollywog swimming south. Tail > > > up....pollywog swimming north. My personal favorite site for > > > learning more about technical analysis is TradingMarkets.com. > > > (excellent paid site-- http://www.tradingmarkets.com ) Another with > > > good technical chart reading lessons (free) is StockCharts.com > > > (http://stockcharts.com/education/index.html). For info on > > > candlesticks (free)--- http://www.litwick.com Katherine PS... re > > > "Btw, as I stare at my Jan 11, IBD Weekend Review my thoughts are: > > > "Why is it > > > listed here?" Exactly the reason I do my own homework. > > > Interestingly, the EPS/SMR/ROE numbers if used as a proxy for > > > fundamental strength would have told you this was ok. The high RS > > > implies some form of technical strength. BUT due diligence and good > > > chart reading tell another story. I don't think WON would advocate > > > buying into such a faulty pattern, so I understand why it showed up > > > on the list, but would otherwise be a "pass." > > > > > > ----- Original Message ----- > > > From: Bill Triffet > > > To: canslim@lists.xmission.com > > > Sent: Thursday, January 17, 2002 12:37 PM > > > Subject: Re: [CANSLIM] DYII Revisited--post analysis > > > Excellent analysis Katherine! The comment (2) about > > > "short sellers at fault" > > > should have been a big red flag. > > > Excuse me if you've been asked this before here but your > > > reference to > > > "tails" in this and other posts has poked my interest as a > > > way to track > > > daily price moves. Is there a site or book you can > > > recommend for study? > > > > > > Btw, as I stare at my Jan 11, IBD Weekend Review my > > > thoughts are: "Why is it > > > listed here?". > > > > > > > > > -Bill > > > ----- Original Message ----- > > > From: "Katherine Malm" > > > To: > > > Sent: Thursday, January 17, 2002 9:30 AM > > > Subject: [CANSLIM] DYII Revisited--post analysis > > > > > > > > > DYII is a stock that came up for discussion on the list in > > > early October. > > > This is a stock that crossed my radar, but at the time I > > > passed due to the > > > poor chart action around 10/5. I have been watching it > > > since and was > > > interested in what the chart might have said prior to the > > > failure yesterday. > > > Here is what I saw that would have been sell signals for > > > me: > > > > > > (1) 10/5/01--tail...ominous end to attempted breakout of > > > an 11-1/2 week > > > base. This is one of the reasons (along with due > > > diligence) that I crossed > > > it off the list. > > > (2) 10/8/01--gap down just before earnings-Co. press > > > release says "short > > > sellers at fault" That's the goofiest reasoning I've ever > > > heard and was a > > > red flag that these guys don't know what they're doing. I > > > never like a gap > > > down just before an earnings announcement. It's a big red > > > flag. If it > > > happens, I'll generally wait for a bounce in the next day > > > or 2 that begins > > > to reverse and will sell into strength. > > > (3) 11/26/01--Breakout from sloppy 7 wk base. So, let's > > > say someone bought > > > on this breakout...let's see what comes next... > > > (4) 11/28/01--Reversal that closes below low of previous > > > day just after > > > B/O---I would take at least 50% off the table on this sell > > > rule. > > > (5) 12/10/01-12/12/01--3 days closing just at "pivot"--red > > > flag....stock has > > > retraced to pivot, but not a sell rule in and of itself. > > > (6) 1/3/02--promising action on high volume--ok, this > > > action is acceptable, > > > might be ok afterall...but still the red flags are > > > there...more red flags > > > and this one should be out of the portfolio. > > > (7) 1/8/02-1/9/02--high volume with no progress for 2 days > > > in a row---last > > > red flag in my book, if I'd held the last 50%, it would be > > > gone here. > > > (8) 1/10/02--high volume tail that closes below low of > > > previous day--if I'd > > > lost focus and missed the last sell, this would be the > > > next sell signal. > > > (9) 1/14/02--gaps down on earnings day (earnings announced > > > after market > > > close)--sell rule hit---if I'd lost focus and missed > > > everything else...this > > > would be it. > > > (10) 1/15/02--bounces, but leaves a tail on close---last > > > chance for the > > > exits, a little bounce while the bargain hunters move in. > > > Sell. > > > (11) 1/16/02--resolution. 2:46 pm, just before market > > > close, Herb Greenberg > > > article at theStreet.com points out possible accounting > > > shenanigans and > > > goofy CEO/CFO nonresponse to income statement inquiries. > > > If I'd missed > > > everything else and this plunged, an open protective stop > > > set for > > > "catastrophic loss" would have caught this on the way > > > down. > > > (12) 1/16/02--Company issues response to Greenberg article > > > after market > > > close. I still can't figure out why a CFO couldn't have > > > answered these > > > questions when they were asked. Maybe he learned > > > accounting somewhere other > > > than the US and is still learning. > > > > > > A chart with comments is posted at: > > > http://WallStreet-LLC.com/pub/DYII-PostAnal_011602.jpg > > > > > > Katherine > > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > << Datei: ATT00013.htm >> > > - > -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 Jan 2002 14:12:27 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] DYII Revisited--post analysis This is a multi-part message in MIME format. - ------=_NextPart_000_0015_01C19F60.FE5143E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'd agree that these are questions worth asking. I think the primary = point to take from the post analysis is that the Greenberg article did = not happen at point number 1, but point number 11. The analysis ends = with the rebuttal by the company which means this is an ongoing saga. Most anybody can listen in on a conference call. Many of them are listed = on the web, some are webcast, others have 800 numbers you can call, some = are delay-cast on the web, and if you are signed up with the company's = IR, they will send you an email to let you know when the call will be = held and how to listen in. Herb may not have even listened in himself, = but might have read a transcript forwarded to him by one of his field = operatives. Afterall, the transcript and call are public record. Herb is a fundamental investigator/reporter....that's what he does for a = living . Before writing for theStreet.com he did exactly the same sort = of analysis for the San Francisco Chronicle. His articles carry great = weight in the investing community because he is so darn good at what he = does. Katherine ----- Original Message -----=20 From: Dave Wulf=20 To: 'canslim@lists.xmission.com'=20 Sent: Thursday, January 17, 2002 1:53 PM Subject: RE: [CANSLIM] DYII Revisited--post analysis I have a question(s) with regard to the Greenberg Article..... First = is: How is it he (Greenberg),happened to sit in on this call? Second is: What if....just what if, there are no "accounting shenananigans" and the = CFO and CEO are not making goofy responses/non-responses? And last a = suggestion that he sit in on a conference call for his employer: The Street.Com = (TSCM) sometime.....now there's a chart to analyze. Regards, Dave Wulf =20 > ---------- > From: Gene Ricci[SMTP:genr@swbell.net] > Reply To: canslim@lists.xmission.com > Sent: Thursday, January 17, 2002 1:35 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] DYII Revisited--post analysis >=20 > Topping Tail Bars - TT (Tail or Wick UP) >=20 > Bars in which prices had been higher, then supply forced prices = lower into > the lower part of the bars range. >=20 > Pristine Tip: While there are different variations, the message is = always > the same ! Distribution has occurred! >=20 > =20 >=20 > Bottoming Tail Bars - BT (Tail or Wick DOWN) >=20 > Bars in which prices had been lower, then demand forced prices = higher into > the upper part of the bars range. >=20 > Pristine Tip: While there are different variations, the message is = always > the same ! Accumulation has occurred! >=20 > =20 >=20 > =20 >=20 > ----- Original Message -----=20 > From: Katherine Malm=20 > To: canslim@lists.xmission.com=20 > Sent: Thursday, January 17, 2002 12:51 PM > Subject: Re: [CANSLIM] DYII Revisited--post analysis >=20 > Thanks, Bill. >=20 > There are more technical terms for what I call a tail. In > candlestick analysis there is a name for a "tail up" and a "tail = down" but > I always forget their official names as I have no context for the = terms. I > tend to use more personal words to describe price action and it > unfortunately doesn't always translate well. When I was a kid I used = to > chase and catch pollywogs....thus my use of the term "tail." Tail > down...pollywog swimming south. Tail up....pollywog swimming north. >=20 > My personal favorite site for learning more about technical analysis > is TradingMarkets.com. (excellent paid site-- > http://www.tradingmarkets.com ) Another with good technical chart = reading > lessons (free) is StockCharts.com ( > http://stockcharts.com/education/index.html). For info on = candlesticks > (free)--- http://www.litwick.com >=20 > Katherine >=20 > PS... re "Btw, as I stare at my Jan 11, IBD Weekend Review my > thoughts are: "Why is it > listed here?" Exactly the reason I do my own homework. > Interestingly, the EPS/SMR/ROE numbers if used as a proxy for = fundamental > strength would have told you this was ok. The high RS implies some = form of > technical strength. BUT due diligence and good chart reading tell = another > story. I don't think WON would advocate buying into such a faulty = pattern, > so I understand why it showed up on the list, but would otherwise be = a > "pass." >=20 >=20 > ----- Original Message -----=20 > From: Bill Triffet=20 > To: canslim@lists.xmission.com=20 > Sent: Thursday, January 17, 2002 12:37 PM > Subject: Re: [CANSLIM] DYII Revisited--post analysis >=20 > Excellent analysis Katherine! The comment (2) about "short > sellers at fault" > should have been a big red flag. > Excuse me if you've been asked this before here but your > reference to > "tails" in this and other posts has poked my interest as a > way to track > daily price moves. Is there a site or book you can recommend > for study? >=20 > Btw, as I stare at my Jan 11, IBD Weekend Review my thoughts > are: "Why is it > listed here?". >=20 >=20 > -Bill > ----- Original Message ----- > From: "Katherine Malm" < kmalm@earthlink.net> > To: < canslim@lists.xmission.com> > Sent: Thursday, January 17, 2002 9:30 AM > Subject: [CANSLIM] DYII Revisited--post analysis >=20 >=20 > DYII is a stock that came up for discussion on the list in > early October. > This is a stock that crossed my radar, but at the time I > passed due to the > poor chart action around 10/5. I have been watching it since > and was > interested in what the chart might have said prior to the > failure yesterday. > Here is what I saw that would have been sell signals for me: >=20 > (1) 10/5/01--tail...ominous end to attempted breakout of an > 11-1/2 week > base. This is one of the reasons (along with due diligence) > that I crossed > it off the list. > (2) 10/8/01--gap down just before earnings-Co. press release > says "short > sellers at fault" That's the goofiest reasoning I've ever > heard and was a > red flag that these guys don't know what they're doing. I > never like a gap > down just before an earnings announcement. It's a big red > flag. If it > happens, I'll generally wait for a bounce in the next day or > 2 that begins > to reverse and will sell into strength. > (3) 11/26/01--Breakout from sloppy 7 wk base. So, let's say > someone bought > on this breakout...let's see what comes next... > (4) 11/28/01--Reversal that closes below low of previous day > just after > B/O---I would take at least 50% off the table on this sell > rule. > (5) 12/10/01-12/12/01--3 days closing just at "pivot"--red > flag....stock has > retraced to pivot, but not a sell rule in and of itself. > (6) 1/3/02--promising action on high volume--ok, this action > is acceptable, > might be ok afterall...but still the red flags are > there...more red flags > and this one should be out of the portfolio. > (7) 1/8/02-1/9/02--high volume with no progress for 2 days > in a row---last > red flag in my book, if I'd held the last 50%, it would be > gone here. > (8) 1/10/02--high volume tail that closes below low of > previous day--if I'd > lost focus and missed the last sell, this would be the next > sell signal. > (9) 1/14/02--gaps down on earnings day (earnings announced > after market > close)--sell rule hit---if I'd lost focus and missed > everything else...this > would be it. > (10) 1/15/02--bounces, but leaves a tail on close---last > chance for the > exits, a little bounce while the bargain hunters move in. > Sell. > (11) 1/16/02--resolution. 2:46 pm, just before market close, > Herb Greenberg > article at theStreet.com points out possible accounting > shenanigans and > goofy CEO/CFO nonresponse to income statement inquiries. If > I'd missed > everything else and this plunged, an open protective stop > set for > "catastrophic loss" would have caught this on the way down. > (12) 1/16/02--Company issues response to Greenberg article > after market > close. I still can't figure out why a CFO couldn't have > answered these > questions when they were asked. Maybe he learned accounting > somewhere other > than the US and is still learning. >=20 > A chart with comments is posted at: > http://WallStreet-LLC.com/pub/DYII-PostAnal_011602.jpg >=20 > Katherine >=20 >=20 >=20 >=20 >=20 > - > -To subscribe/unsubscribe, email " majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 >=20 - -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_0015_01C19F60.FE5143E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'd agree that these are questions worth asking. I think the = primary point=20 to take from the post analysis is that the Greenberg article did not = happen at=20 point number 1, but point number 11. The analysis ends with the rebuttal = by the=20 company which means this is an ongoing saga.
 
Most anybody can listen in on a conference call. Many of them are = listed on=20 the web, some are webcast, others have 800 numbers you can call, some = are=20 delay-cast on the web, and if you are signed up with the company's IR, = they will=20 send you an email to let you know when the call will be held and how to = listen=20 in. Herb may not have even listened in himself, but might have read a = transcript=20 forwarded to him by one of his field operatives. Afterall, the = transcript and=20 call are public record.
 
Herb is a fundamental investigator/reporter....that's what he does = for a=20 living . Before writing for theStreet.com he did exactly the same sort = of=20 analysis for the San Francisco Chronicle. His articles carry great = weight in the=20 investing community because he is so darn good at what he does.
 
Katherine
----- Original Message -----
From:=20 Dave = Wulf
Sent: Thursday, January 17, = 2002 1:53=20 PM
Subject: RE: [CANSLIM] DYII=20 Revisited--post analysis

I have a question(s) with regard to the Greenberg = Article.....=20 First is: How
is it he (Greenberg),happened to sit in on this call? = Second=20 is: What
if....just what if, there are no "accounting = shenananigans" and=20 the CFO and
CEO are not making goofy responses/non-responses?  = And=20 last a suggestion
that he sit in on a conference call for his = employer: The=20 Street.Com (TSCM)
sometime.....now there's a chart to = analyze. =20 Regards, Dave Wulf  

> ----------
> From: = Gene=20 Ricci[SMTP:genr@swbell.net]
> Reply To: canslim@lists.xmission.com=
>=20 Sent: Thursday, January 17, 2002 1:35 PM
> To: canslim@lists.xmission.com=
>=20 Subject: Re: [CANSLIM] DYII Revisited--post analysis
>
> = Topping=20 Tail Bars - TT     (Tail or Wick UP)
> =
> Bars=20 in which prices had been higher, then supply forced prices lower = into
>=20 the lower part of the bars range.
>
> Pristine Tip: While = there=20 are different variations, the message is always
> the same !=20 Distribution has occurred!
>
> 
>
> = Bottoming=20 Tail Bars - BT (Tail or Wick DOWN)
>
> Bars in which = prices had=20 been lower, then demand forced prices higher into
> the upper = part of=20 the bars range.
>
> Pristine Tip: While there are = different=20 variations, the message is always
> the same ! Accumulation has=20 occurred!
>
> 
>
> 
> =
>=20 ----- Original Message -----
> From: Katherine Malm
> = To: canslim@lists.xmission.com= =20
> Sent: Thursday, January 17, 2002 12:51 PM
> Subject: = Re:=20 [CANSLIM] DYII Revisited--post analysis
>
> Thanks, = Bill.
>=20
> There are more technical terms for what I call a tail. = In
>=20 candlestick analysis there is a name for a "tail up" and a "tail down" = but
> I always forget their official names as I have no context = for the=20 terms. I
> tend to use more personal words to describe price = action and=20 it
> unfortunately doesn't always translate well. When I was a = kid I=20 used to
> chase and catch pollywogs....thus my use of the term = "tail."=20 Tail
> down...pollywog swimming south. Tail up....pollywog = swimming=20 north.
>
> My personal favorite site for learning more = about=20 technical analysis
> is TradingMarkets.com. (excellent paid=20 site--
> http://www.tradingmarkets.com = )=20 Another with good technical chart reading
> lessons (free) is=20 StockCharts.com (
> http://stockcharts.c= om/education/index.html).=20 For info on candlesticks
> (free)--- http://www.litwick.com
> =
>=20 Katherine
>
> PS... re "Btw, as I stare at my Jan 11, IBD = Weekend=20 Review my
> thoughts are: "Why is it
> listed here?" = Exactly the=20 reason I do my own homework.
> Interestingly, the EPS/SMR/ROE = numbers if=20 used as a proxy for fundamental
> strength would have told you = this was=20 ok. The high RS implies some form of
> technical strength. BUT = due=20 diligence and good chart reading tell another
> story. I don't = think WON=20 would advocate buying into such a faulty pattern,
> so I = understand why=20 it showed up on the list, but would otherwise be a
> = "pass."
>=20
>
> ----- Original Message -----
> From: Bill = Triffet=20
> To: canslim@lists.xmission.com= =20
> Sent: Thursday, January 17, 2002 12:37 PM
> Subject: = Re:=20 [CANSLIM] DYII Revisited--post analysis
>
> Excellent = analysis=20 Katherine! The comment (2) about "short
> sellers at = fault"
>=20 should have been a big red flag.
> Excuse me if you've been = asked this=20 before here but your
> reference to
> "tails" in this and = other=20 posts has poked my interest as a
> way to track
> daily = price=20 moves. Is there a site or book you can recommend
> for = study?
>=20
> Btw, as I stare at my Jan 11, IBD Weekend Review my = thoughts
>=20 are: "Why is it
> listed here?".
>
>
> = - -Bill
>=20 ----- Original Message -----
> From: "Katherine Malm" < kmalm@earthlink.net>
> = To: <=20 canslim@lists.xmission.com= >
>=20 Sent: Thursday, January 17, 2002 9:30 AM
> Subject: [CANSLIM] = DYII=20 Revisited--post analysis
>
>
> DYII is a stock = that came=20 up for discussion on the list in
> early October.
> This = is a=20 stock that crossed my radar, but at the time I
> passed due to=20 the
> poor chart action around 10/5. I have been watching it=20 since
> and was
> interested in what the chart might have = said=20 prior to the
> failure yesterday.
> Here is what I saw = that would=20 have been sell signals for me:
>
> (1) = 10/5/01--tail...ominous=20 end to attempted breakout of an
> 11-1/2 week
> base. This = is one=20 of the reasons (along with due diligence)
> that I = crossed
> it=20 off the list.
> (2) 10/8/01--gap down just before earnings-Co. = press=20 release
> says "short
> sellers at fault" That's the = goofiest=20 reasoning I've ever
> heard and was a
> red flag that = these guys=20 don't know what they're doing. I
> never like a gap
> down = just=20 before an earnings announcement. It's a big red
> flag. If = it
>=20 happens, I'll generally wait for a bounce in the next day or
> 2 = that=20 begins
> to reverse and will sell into strength.
> (3)=20 11/26/01--Breakout from sloppy 7 wk base. So, let's say
> = someone=20 bought
> on this breakout...let's see what comes next...
> = (4)=20 11/28/01--Reversal that closes below low of previous day
> just=20 after
> B/O---I would take at least 50% off the table on this=20 sell
> rule.
> (5) 12/10/01-12/12/01--3 days closing just = at=20 "pivot"--red
> flag....stock has
> retraced to pivot, but = not a=20 sell rule in and of itself.
> (6) 1/3/02--promising action on = high=20 volume--ok, this action
> is acceptable,
> might be ok=20 afterall...but still the red flags are
> there...more red = flags
>=20 and this one should be out of the portfolio.
> (7) = 1/8/02-1/9/02--high=20 volume with no progress for 2 days
> in a row---last
> red = flag in=20 my book, if I'd held the last 50%, it would be
> gone = here.
> (8)=20 1/10/02--high volume tail that closes below low of
> previous = day--if=20 I'd
> lost focus and missed the last sell, this would be the=20 next
> sell signal.
> (9) 1/14/02--gaps down on earnings = day=20 (earnings announced
> after market
> close)--sell rule = hit---if=20 I'd lost focus and missed
> everything else...this
> would = be=20 it.
> (10) 1/15/02--bounces, but leaves a tail on = close---last
>=20 chance for the
> exits, a little bounce while the bargain = hunters move=20 in.
> Sell.
> (11) 1/16/02--resolution. 2:46 pm, just = before=20 market close,
> Herb Greenberg
> article at theStreet.com = points=20 out possible accounting
> shenanigans and
> goofy CEO/CFO=20 nonresponse to income statement inquiries. If
> I'd = missed
>=20 everything else and this plunged, an open protective stop
> set=20 for
> "catastrophic loss" would have caught this on the way=20 down.
> (12) 1/16/02--Company issues response to Greenberg=20 article
> after market
> close. I still can't figure out = why a CFO=20 couldn't have
> answered these
> questions when they were = asked.=20 Maybe he learned accounting
> somewhere other
> than the = US and is=20 still learning.
>
> A chart with comments is posted = at:
>=20 http://Wa= llStreet-LLC.com/pub/DYII-PostAnal_011602.jpg
>=20
> Katherine
>
>
>
>
> =
>=20 -
> -To subscribe/unsubscribe, email " majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.
>
>=20

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. - ------=_NextPart_000_0015_01C19F60.FE5143E0-- - - - -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 #2054 ****************************** 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.