From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2819 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 Saturday, August 17 2002 Volume 02 : Number 2819 In this issue: Re: [CANSLIM] stop losses and profits RE: [CANSLIM] ANSI [CANSLIM] PDCO run-up Re: [CANSLIM] CVH handle Re: [CANSLIM] CEO / CFO certifications RE: [CANSLIM] ANSI RE: [CANSLIM] ANSI RE: [CANSLIM] ANSI Re: [CANSLIM] ANSI [CANSLIM] We have updated the Acc/Dis charts from IBD. ---------------------------------------------------------------------- Date: Fri, 16 Aug 2002 22:12:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] stop losses and profits Mike, I will chime in on your original question. Because I buy for my personal investing only small and micro cap stocks, many thinly traded and most lower priced, I rarely can use a hard stop loss. But I do try to set a stop loss point at the time of purchase (that's the best time because at that moment you are thinking more in terms of how much you are about to make, not how much you might lose, so emotionally easier for me to set a stop loss unemotionally). I tend to be aggressive in my buying, for various reasons, so often (usually) am buying while the stock still is basing. Because I am buying stocks that are often thinly traded, sometimes with a sizable spread, I frequently buy using limit orders. I try to buy at or near the bottom of the base to give me an extra cushion against time and risk, since I am anticipating the eventual b/o. All that said, my initial stop is typically set just under the bottom of the base. This can allow me sometimes a stop of only 3-5% depending on how I picked the stock up. I often buy only a partial position, then add to it as I see the stock breaking out. I will not normally alter my mental stop loss point unless and until I am up 20% from my average price. Once that is reached, I set a stop loss about 15% below the then current price, and will move it up further as the price gains altitude. But at times when I was determined to sell a portion of a high flyer (EPIQ was one example) I have maintained a stop loss as tight as 1% for over a week before being hit. But that was when I wanted to sell some, and was greedy enough to want the best possible price without a clue as to how much higher it might yet go. So I kept the stop very tight and raised it daily until I finally sold. - ----- Original Message ----- From: To: Sent: Friday, August 16, 2002 3:54 PM Subject: Re: [CANSLIM] stop losses and profits Katherine, I knew I could count on you for a good answer. As a follow up to your answer #4, if you made 10-15% in one week, how low would you allow the stock to drop on low volume and still buy more, as opposed to selling out? Put another way, if it ran up 15% in a week, would you allow it to go below your original buy point, even if it was at low volume? Have a great weekend everyone! 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 "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] stop losses and profits ission.com 08/16/2002 02:31 PM Please respond to canslim Hi Nancy, Let me try and clear up some of your confusion: 1. A stock's "rise" does not occur *in* a base, but *between* bases. While the price will fluctuate up and down within the base itself, the amount of fluctuation will vary depending on the severity of correction and the time it takes to form the area of consolidation. The stock is essentially *absorbing* the gains of its previous advance. 2. When you purchase a stock, you will always purchase it as it *breaks out* of that base. This preferred buy point is referred to as the "pivot" and is again defined by the pattern that the base forms. 4. When a stock begins a healthy rising pattern after it breaks out, it can rise *any* amount before it consolidates (bases) again. There is no hard and fast rule as to how much it will rise before basing, though WON suggests that if it is >=25%, the next base would then be considered a "new stage base." This is only important in that his studies show that most stocks can't muster the oomph to keep going after they've reached the 3rd or 4th stage base. 3. Mike's question about a sell rule is not dependent on *which* base in the base count we are evaluating. A base is a base. If the stock breaks out as it should and begins to rise, how are you going to handle selling it when/if the time comes? 4. WON suggests that, if you buy correctly at the pivot (or no more than 5% above it), that you should never have to suffer a loss of more than 8%. This is because, in his studies, he has found that a healthy stock never falls more than 8% below the pivot before continuing a healthy advance. 5. Mike's question, specifically, was "if a stock breaks out of a base, then rises 10-15%, then falls back, where do you place your sell stop? 8% below your buy price or something other than that?" In other words, should you be willing to accept *any* loss if a stock has managed to rise 10-15% in 6 wks, then falls back to where you bought it. My vote is, if it takes 6 wks to rise and then erases the entire advance, I don't want to take an 8% loss. If it rose 10-15% in *one* week and then fell back on low volume, I'd look at that as "normal" and might consider it a second chance to *buy* more. Katherine - ----- Original Message ----- From: "NANCY POLCARO" To: Sent: Friday, August 16, 2002 1:47 PM Subject: Re: [CANSLIM] stop losses and profits | Katherine-let me see if I am following correctly please. My question is | that previously I understood that after the third rise in a base formation a | stock may correct by dropping below the previous base and then starting up | again if all is well with the stock. Then the bases start to be recounted | again. In this case, if you just bought in during the third rise in the | base, which from my understanding would probably go up between 15%(Mikes | figure) and 25%( the amount of each rise in a base of a healthy stock) you | would sell(not you personally but someone with my amount of experience or | the like) before the 8% drop, to protect your gain. Then follow the stock | and watch for a buy in again at some point depending on how the stock acts | from this point on? Is that close to correct ??? Thanks for your thoughts | Nancy | | | >From: "Katherine Malm" | >Reply-To: canslim@lists.xmission.com | >To: | >Subject: Re: [CANSLIM] stop losses and profits | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | > | >HI Mike, | > | >I think you'll get a hundred different answers on this one, so I'll just | >answer from my personal point of view. | > | >If a stock breaks out of a well-formed base on volume, then takes 6 weeks | >to | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss at that | >point, even if it were falling back "normally" as you suggest. To me that | >means that no sell signals were triggered on the way up, and that the | >general pattern included up days on higher volume than down days, support | >at | >the 50 day moving average, etc. My personal preference, however, would be | >to | >move my stop to breakeven or slightly below (3-4% max, depending on market | >conditions) if the stock had risen like this. | > | >Katherine | > | > | >----- Original Message ----- | >From: | >To: | >Sent: Friday, August 16, 2002 9:17 AM | >Subject: [CANSLIM] stop losses and profits | > | > | >| Group, | >| | >| In reading WON, he makes a statement that you should never let a stock in | >| which you are up 10-15% turn into a loss, but I was wondering you have | >| interpreted that along with the sell at no more than an 8% loss rule. | >| | >| Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+ | >| weeks), and then is started to correct....Do you sell at you break even | >| point, or do you allow it to go to your 8% loss point before selling? | >This | >| is assuming that the stock is NOT giving any strong sell signals, but | >| appears to be pulling back "normally". | >| | >| Thanks | >| | >| 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. | | | | | _________________________________________________________________ | Send and receive Hotmail on your mobile device: http://mobile.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. - - - -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: Fri, 16 Aug 2002 19:17:07 -0700 From: "Scott Gettis" Subject: RE: [CANSLIM] ANSI actually ansi did have a previous run-up from a pivot of 26 to 35. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 7:03 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ANSI I see what you mean, Mike, but did you see the weekly chart? Also, the sell volume in the bottom of the base is low. But I guess the most recent pattern is the most significant. Ann - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Friday, August 16, 2002 9:58 PM Subject: RE: [CANSLIM] ANSI : I should have added to my previous post, that while the volume coming up the : right side of the cup was promising, the high sell volume on the day it : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -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. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 16 Aug 2002 22:24:12 -0400 From: "Ann" Subject: [CANSLIM] PDCO run-up This "run-up" business is a new factor for me to consider. How about PDCO? Does it have the necessary previous run-up? Thanks, Ann - ----- Original Message ----- From: "Scott Gettis" To: Sent: Friday, August 16, 2002 10:17 PM Subject: RE: [CANSLIM] ANSI : actually ansi did have a previous run-up from a pivot of 26 to 35. : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 7:03 PM : To: canslim@lists.xmission.com : Subject: Re: [CANSLIM] ANSI : : : I see what you mean, Mike, : but did you see the weekly chart? : Also, the sell volume in the bottom of the base is low. But I guess the most : recent pattern is the most significant. : Ann : ----- Original Message ----- : From: "Mike Gibbons" : To: : Sent: Friday, August 16, 2002 9:58 PM : Subject: RE: [CANSLIM] ANSI : : : : I should have added to my previous post, that while the volume coming up : the : : right side of the cup was promising, the high sell volume on the day it : : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : : : Aloha, : : : : Mike Gibbons : : Proactive Technologies, LLC : : http://www.proactech.com : : : : : : -----Original Message----- : : From: owner-canslim@lists.xmission.com : : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : : Sent: Friday, August 16, 2002 3:22 PM : : To: CANSLIM Listserv : : Subject: [CANSLIM] ANSI : : : : : : I am trying to figure out whether there is a base or not. : : : : On the daily chart, I see a cup and handle starting at 6/11, forming the : : right rim on 8/7, and now forming handle. : : : : But when I look at the weekly chart, I see a possible larger chart : starting : : in January. : : : : The volume on the weekly chart looks very promising. : : : : Ann : : : : : : - : : -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. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 16 Aug 2002 22:38:16 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CVH handle anything less than two weeks is not a handle in my book. When I do my review each weekend, I will normally only mention a flat line base that is beginning to appear if it is at least two weeks long, and then only if it is well formed. This also depends on the time duration of the overall basing pattern, as well as "M". If I see a small c&h formed over a 9 or 10 week period from left rim to present, then a 2 week handle is noteworthy for me. If I see a deeper c&h formed over six or eight months, then I am more likely to want a 3-5 week handle, especially if it is initially volatile after rising the right side of the cup. Bottom line, before I call something a "handle", I want to see a long enough pattern to become consistent, as well as have sufficient time for volume to start drying up. - ----- Original Message ----- From: "Hermann Ertl" To: Sent: Friday, August 16, 2002 3:01 PM Subject: Re: [CANSLIM] CVH handle > From: "Tom Worley" > Date: Thu, 15 Aug 2002 00:57:00 -0400 > > pattern is too short (one week) to start calling this a handle. What is the minimum length of a handle? - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 16 Aug 2002 22:38:57 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CEO / CFO certifications "M" - ----- Original Message ----- From: "Hermann Ertl" To: Sent: Friday, August 16, 2002 3:46 PM Subject: Re: [CANSLIM] CEO / CFO certifications What is their relation to CANSLIM? > From: "Tom Worley" > Date: Thu, 15 Aug 2002 19:36:23 -0400 > > as per the SEC website, updated as of 7:10 PM tonight, following companies > expected to report by yesterday still had not filed. No indication is shown > of those that filed for the five day extension. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 16 Aug 2002 22:13:25 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] ANSI Ann, Yes I saw the weekly chart, but when the handle is short, I think it's the daily chart that's equally important. The behavior in the handle is very important, as Tom has pointed out. While there would be debate that a two week handle is necessary, as he suggests, everyone has their own personal interpetation of the rules based on what works for them in their experience. I think it has been often reiterated recently, that a desirable CwH pattern is one where there is positive price movement on above average volume coming up the right side of the handle (which ANSI displays) followed by increasingly below average ("drying up") volume in the handle. Although there was above average sell volume after forming the pivot, that seems to be correcting itself now. I might add that ANSI scored relatively well on our "Chart Quality" rating, with only two stocks (PVA and CVH) doing better at the moment. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 4:03 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ANSI I see what you mean, Mike, but did you see the weekly chart? Also, the sell volume in the bottom of the base is low. But I guess the most recent pattern is the most significant. Ann - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Friday, August 16, 2002 9:58 PM Subject: RE: [CANSLIM] ANSI : I should have added to my previous post, that while the volume coming up the : right side of the cup was promising, the high sell volume on the day it : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -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. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 16 Aug 2002 22:25:37 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] ANSI Hi Scott, I didn't see the prices you quoted. The biggest low - high swing I saw was a low of 28.20 on 3/11 followed by a high of 35.49 on 3/20, which was a gain of 26%. I believe that under O'Neil's rules that doesn't qualify the 3/20 price as forming the right side of the cup. But this stock took a wild ride on its way into the bottom of its cup and to see the pattern clearly you have to look at a weekly chart, where the left side of the cup at 1/11 is quite apparant, at least to my failing vision. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Scott Gettis Sent: Friday, August 16, 2002 4:17 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] ANSI actually ansi did have a previous run-up from a pivot of 26 to 35. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 7:03 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ANSI I see what you mean, Mike, but did you see the weekly chart? Also, the sell volume in the bottom of the base is low. But I guess the most recent pattern is the most significant. Ann - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Friday, August 16, 2002 9:58 PM Subject: RE: [CANSLIM] ANSI : I should have added to my previous post, that while the volume coming up the : right side of the cup was promising, the high sell volume on the day it : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -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. - - - -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: Sat, 17 Aug 2002 06:34:47 -0700 (PDT) From: Jack Tencza Subject: RE: [CANSLIM] ANSI IBD vital statistics shows ANSI's 3 yr. EPS at -27%. Am I correct in assuming this is a straight line calculation? If it was $1.00 3 yrs. ago, today it's .73? Thanks, Jack - --- Mike Gibbons wrote: > Hi Scott, > > I didn't see the prices you quoted. The biggest low > - high swing I saw was a > low of 28.20 on 3/11 followed by a high of 35.49 on > 3/20, which was a gain > of 26%. I believe that under O'Neil's rules that > doesn't qualify the 3/20 > price as forming the right side of the cup. But this > stock took a wild ride > on its way into the bottom of its cup and to see the > pattern clearly you > have to look at a weekly chart, where the left side > of the cup at 1/11 is > quite apparant, at least to my failing vision. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Scott Gettis > Sent: Friday, August 16, 2002 4:17 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] ANSI > > > actually ansi did have a previous run-up from a > pivot of 26 to 35. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann > Sent: Friday, August 16, 2002 7:03 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ANSI > > > I see what you mean, Mike, > but did you see the weekly chart? > Also, the sell volume in the bottom of the base is > low. But I guess the most > recent pattern is the most significant. > Ann > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Friday, August 16, 2002 9:58 PM > Subject: RE: [CANSLIM] ANSI > > > : I should have added to my previous post, that > while the volume coming up > the > : right side of the cup was promising, the high sell > volume on the day it > : formed the pivot and subsequent 3 days is less > encouraging, IMHO. > : > : Aloha, > : > : Mike Gibbons > : Proactive Technologies, LLC > : http://www.proactech.com > : > : > : -----Original Message----- > : From: owner-canslim@lists.xmission.com > : [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann > : Sent: Friday, August 16, 2002 3:22 PM > : To: CANSLIM Listserv > : Subject: [CANSLIM] ANSI > : > : > : I am trying to figure out whether there is a base > or not. > : > : On the daily chart, I see a cup and handle > starting at 6/11, forming the > : right rim on 8/7, and now forming handle. > : > : But when I look at the weekly chart, I see a > possible larger chart > starting > : in January. > : > : The volume on the weekly chart looks very > promising. > : > : Ann > : > : > : - > : -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. > > > - > -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. ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.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: Sat, 17 Aug 2002 10:00:20 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ANSI Jack, a good example of how you have to be careful with "calculated" long term statistics. In this case, ANSI earned (by DGO's adjusted calculations) a total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 cents in 2001. So 2001 looks good by comparison, but lousy on a 3 year basis. On the other hand, the forecasts of 51 cents this year and 77 cents next year continue the short term trend higher at a rate that well exceeds market norms. - ----- Original Message ----- From: "Jack Tencza" To: Sent: Saturday, August 17, 2002 9:34 AM Subject: RE: [CANSLIM] ANSI IBD vital statistics shows ANSI's 3 yr. EPS at -27%. Am I correct in assuming this is a straight line calculation? If it was $1.00 3 yrs. ago, today it's .73? Thanks, Jack - --- Mike Gibbons wrote: > Hi Scott, > > I didn't see the prices you quoted. The biggest low > - high swing I saw was a > low of 28.20 on 3/11 followed by a high of 35.49 on > 3/20, which was a gain > of 26%. I believe that under O'Neil's rules that > doesn't qualify the 3/20 > price as forming the right side of the cup. But this > stock took a wild ride > on its way into the bottom of its cup and to see the > pattern clearly you > have to look at a weekly chart, where the left side > of the cup at 1/11 is > quite apparant, at least to my failing vision. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Scott Gettis > Sent: Friday, August 16, 2002 4:17 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] ANSI > > > actually ansi did have a previous run-up from a > pivot of 26 to 35. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann > Sent: Friday, August 16, 2002 7:03 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ANSI > > > I see what you mean, Mike, > but did you see the weekly chart? > Also, the sell volume in the bottom of the base is > low. But I guess the most > recent pattern is the most significant. > Ann > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Friday, August 16, 2002 9:58 PM > Subject: RE: [CANSLIM] ANSI > > > : I should have added to my previous post, that > while the volume coming up > the > : right side of the cup was promising, the high sell > volume on the day it > : formed the pivot and subsequent 3 days is less > encouraging, IMHO. > : > : Aloha, > : > : Mike Gibbons > : Proactive Technologies, LLC > : http://www.proactech.com > : > : > : -----Original Message----- > : From: owner-canslim@lists.xmission.com > : [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann > : Sent: Friday, August 16, 2002 3:22 PM > : To: CANSLIM Listserv > : Subject: [CANSLIM] ANSI > : > : > : I am trying to figure out whether there is a base > or not. > : > : On the daily chart, I see a cup and handle > starting at 6/11, forming the > : right rim on 8/7, and now forming handle. > : > : But when I look at the weekly chart, I see a > possible larger chart > starting > : in January. > : > : The volume on the weekly chart looks very > promising. > : > : Ann > : > : > : - > : -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. > > > - > -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. ===== Jack __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.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: Sat, 17 Aug 2002 12:34:21 -0500 From: "Fred Richards" Subject: [CANSLIM] We have updated the Acc/Dis charts from IBD. This is a multi-part message in MIME format. - ------=_NextPart_000_0015_01C245EA.69790D80 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0016_01C245EA.69790D80" - ------=_NextPart_001_0016_01C245EA.69790D80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit GlacierThe updated Acc/Dis charts are now available on the website at: http://www.adrich.com/SI/Info/A's.htm The information has been updated through Friday, August 16, 2002. - ---------------------------------------------------------------------------- - ---- Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com - ------=_NextPart_001_0016_01C245EA.69790D80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Glacier
The updated Acc/Dis charts are now = available=20 on the website at:
 
 
http://www.adrich.com/SI/I= nfo/A's.htm
 
The information has been updated = through=20 Friday, August 16, 2002.
 
 
Fred Richards
 
Corruptisima republica plurimae leges.  [The more corrupt a = republic,=20 the more laws.]  - - Tacitus, Annuals III 27
 

 

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