From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3445 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 Friday, July 25 2003 Volume 02 : Number 3445 In this issue: [CANSLIM] Implications and meaning of long-term resistance --> CAH [CANSLIM] TASR - possible climax run? Re: [CANSLIM] TASR - possible climax run? RE: [CANSLIM] Implications and meaning of long-term resistance --> CAH Re: [CANSLIM] TASR - possible climax run? Re: [CANSLIM] Implications and meaning of long-term resistance --> CAH [CANSLIM] ICLR [CANSLIM] Streaming Quotes [CANSLIM] test--disregard Re: [CANSLIM] ICLR [CANSLIM] re: ICLR Re: [CANSLIM] ICLR Re: [CANSLIM] Streaming Quotes Re: [CANSLIM] Streaming Quotes [CANSLIM] Streaming Quotes [CANSLIM] Another mystery plunge Re: [CANSLIM] Another mystery plunge Re: [CANSLIM] Another mystery plunge Re: [CANSLIM] Another mystery plunge Re: [CANSLIM] Another mystery plunge Re: [CANSLIM] Another mystery plunge ---------------------------------------------------------------------- Date: Thu, 24 Jul 2003 16:43:19 -0500 From: "Krueger, Kevin" Subject: [CANSLIM] Implications and meaning of long-term resistance --> CAH Can anyone help explain what is happening from a technical perspective = with Cardinal Health (CAH).=20 In the 12-month time frame, there may be a cwh forming. In the 36-month = time frame, you can draw a horizontal line around $69 where there seems = to be historic and somewhat consistent price resistance. If a cwh formed = (seen in the 12-month time frame) and a subsequent breakout occurred at = a pp of 68.06, do you think that there is higher likelihood of pullback = because of the long-term resistance? Should that information be = considered in evaluating the probability of success of the breakout? Thanks, Kevin - - - -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, 24 Jul 2003 17:49:42 -0600 (GMT) From: rolfh@mindspring.com Subject: [CANSLIM] TASR - possible climax run? Any good technicians out there willing to give an opinion on whether TASR is starting a climax run? Up 29% since Monday (on good sales/earnings news) and today's volume is the biggest since May 2002. Any comments welcome. Thanks! Rolf - - - -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, 24 Jul 2003 15:46:07 -0700 (PDT) From: Marc Deiter Subject: Re: [CANSLIM] TASR - possible climax run? Rolf, Still learning and not a "good technician", and I'm travelling so don't have the books with me to quote, however I do have a paper with WON's "Major Sell Rules". Sell rules #2 and #15 are "Sell into a climax run. A 25% to 50% gain in a week or two? After the stock's already doubled, tripled in price? Great! No, too great!" and #15 is "Stock stages its biggest price gain of the rally. Often coincides with a climax run." If you consider TASR broke out in April at around 5, it's now up over 3x from there and it's up 29% since Monday. Plus, today's gain is the biggest of the rally. I haven't owned a stock that has done this (yet), but it resemble's a climax run to me. Marc - --- rolfh@mindspring.com wrote: > Any good technicians out there willing to give an opinion on > whether TASR is starting a climax run? Up 29% since Monday (on > good sales/earnings news) and today's volume is the biggest since > May 2002. > > Any comments welcome. > > Thanks! > Rolf > > - > -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, 24 Jul 2003 19:25:01 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Implications and meaning of long-term resistance --> CAH Hi Kevin, A long term chart will help give perspective to the overall action, but I don't know that it would necessarily give you information on the odds of a successful breakout. I think the action within the current base itself is more telling. Here's a 3 year weekly persepctive with comments: http://www.breakoutwatch.com/katherine/CAH071803Wkly.JPG The current pivot is significant because a break above here on volume would break the longer term downtrend and would indicate CAH might be ready to move up. But, looking at the current base, there are some signs that the set up may not be the strongest, meaning that the odds of a successful breakout would tend to be lower. http://www.breakoutwatch.com/katherine/CAH072403.JPG My best guess is that if CAH is ready to move, it will first hang out in the 65-72 price zone for a while before staging a breakout, essentially finishing off the right side of the base and forming a fresh handle. That might give it time to see some volume build up on RHS of the base (now missing) and also give CAH a chance to see it's RSLine rise and it's RSRank move up to less laggard territory. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Krueger, Kevin Sent: Thursday, July 24, 2003 3:43 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Implications and meaning of long-term resistance --> CAH Can anyone help explain what is happening from a technical perspective with Cardinal Health (CAH). In the 12-month time frame, there may be a cwh forming. In the 36-month time frame, you can draw a horizontal line around $69 where there seems to be historic and somewhat consistent price resistance. If a cwh formed (seen in the 12-month time frame) and a subsequent breakout occurred at a pp of 68.06, do you think that there is higher likelihood of pullback because of the long-term resistance? Should that information be considered in evaluating the probability of success of the breakout? Thanks, Kevin - - - -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, 24 Jul 2003 20:58:09 -0400 From: Hong Hsu Subject: Re: [CANSLIM] TASR - possible climax run? - --------------080205080303010109020305 Content-Type: text/plain; charset=us-ascii; format=flowed Content-Transfer-Encoding: 7bit Rolf and Marc, Here is my 2 cents: The issue is to differ a climax run from potential major distribution days as both have similar price/volume action in their first three days. The difference is the major distribution days come after price has big run for 3 to 4 days while climax run usually starts when a stock rise in 7 to 8 straight days. As the TASR only sequentially up run for three days, it is still too early to tell whether it is climax run. Because it hasn't have major distribution since its initial B/O, a major distribution will likely happen any time now. If the TASR's price continue surge for another two to three days, then it defines climax run. Maybe Katherine and others could have better view, - -Hong Marc Deiter wrote: >Rolf, > >Still learning and not a "good technician", and I'm travelling so >don't have the books with me to quote, however I do have a paper with >WON's "Major Sell Rules". Sell rules #2 and #15 are "Sell into a >climax run. A 25% to 50% gain in a week or two? After the stock's >already doubled, tripled in price? Great! No, too great!" and #15 is >"Stock stages its biggest price gain of the rally. Often coincides >with a climax run." If you consider TASR broke out in April at >around 5, it's now up over 3x from there and it's up 29% since >Monday. Plus, today's gain is the biggest of the rally. > >I haven't owned a stock that has done this (yet), but it resemble's a >climax run to me. > >Marc > >--- rolfh@mindspring.com wrote: > > >>Any good technicians out there willing to give an opinion on >>whether TASR is starting a climax run? Up 29% since Monday (on >>good sales/earnings news) and today's volume is the biggest since >>May 2002. >> >>Any comments welcome. >> >>Thanks! >> Rolf >> >>- >>-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. > > > - -- < As a computer I find your faith in technology amusing. - --------------080205080303010109020305 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit     Rolf and Marc,

    Here is my 2 cents:  The issue is to differ a climax run from potential major distribution days as both have similar price/volume action in their first three days.  The difference is the major distribution days come after price has big run for 3 to 4 days while climax run usually starts when a stock rise in 7 to 8 straight days.

As the TASR only sequentially up run for three days, it is still too early to tell whether it is climax run.   Because it hasn't have major distribution since its initial B/O, a major distribution will likely happen any time now.  If the TASR's price continue surge for another two to three days, then it defines climax run.
    
Maybe Katherine and others could have better view,
- -Hong


Marc Deiter wrote:
Rolf,

Still learning and not a "good technician", and I'm travelling so
don't have the books with me to quote, however I do have a paper with
WON's "Major Sell Rules".  Sell rules #2 and #15 are "Sell into a
climax run.  A 25% to 50% gain in a week or two?  After the stock's
already doubled, tripled in price?  Great! No, too great!" and #15 is
"Stock stages its biggest price gain of the rally.  Often coincides
with a climax run."  If you consider TASR broke out in April at
around 5, it's now up over 3x from there and it's up 29% since
Monday.  Plus, today's gain is the biggest of the rally.

I haven't owned a stock that has done this (yet), but it resemble's a
climax run to me.

Marc

- --- rolfh@mindspring.com wrote:
  
Any good technicians out there willing to give an opinion on
whether TASR is starting a climax run?  Up 29% since Monday (on
good sales/earnings news) and today's volume is the biggest since
May 2002.

Any comments welcome.

Thanks!
 Rolf

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.
    


- -
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-- 
 <Linux kernel:>< As a computer I find your faith in technology amusing.

- --------------080205080303010109020305-- - - - -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, 24 Jul 2003 21:53:10 -0400 From: Hong Hsu Subject: Re: [CANSLIM] Implications and meaning of long-term resistance --> CAH Kevin, I couldn't agree more with Katherine's opinion. One than thing: the handle started 7/8 was not terrible, but didn't show dry-up volume either. -Hong - - - -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, 24 Jul 2003 22:17:41 -0400 From: "John P" Subject: [CANSLIM] ICLR This is a multi-part message in MIME format. - ------=_NextPart_000_0029_01C35231.65EF42C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Would anyone like to comment on ICLR. It brokeout nicely on Tuesday, was = up again on Wed but took a nose dive on Thursday. I can't find anything = in the news to justify the 10% drop. Any thoughts? John P. - ------=_NextPart_000_0029_01C35231.65EF42C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Would anyone like to comment on ICLR. = It brokeout=20 nicely on Tuesday, was up again on Wed but took a nose dive on Thursday. = I can't=20 find anything in the news to justify the 10% drop.
 
Any thoughts?
 
John P.
- ------=_NextPart_000_0029_01C35231.65EF42C0-- - - - -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, 25 Jul 2003 07:39:42 EDT From: Chazmoore@aol.com Subject: [CANSLIM] Streaming Quotes - --part1_42.3b29ceeb.2c5270fe_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Would anyone like to suggest a streaming quote service? I want the ability to set up watchlists and track volume changes among other things. Charley - --part1_42.3b29ceeb.2c5270fe_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Would anyone like to sugg= est a streaming quote service? I want the ability to set up watchlists and t= rack volume changes among other things.
Charley - --part1_42.3b29ceeb.2c5270fe_boundary-- - - - -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, 25 Jul 2003 21:47:20 +0900 From: Simon MacMahon Subject: [CANSLIM] test--disregard - - - -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, 25 Jul 2003 06:50:00 -0400 From: "Charles & Lois Layne" Subject: Re: [CANSLIM] ICLR This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01C35278.F7D6ABA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ----- Original Message -----=20 From: John P=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 24, 2003 10:17 PM Subject: [CANSLIM] ICLR Would anyone like to comment on ICLR. It brokeout nicely on Tuesday, = was up again on Wed but took a nose dive on Thursday. I can't find = anything in the news to justify the 10% drop. Any thoughts? I think a lot of these patterns are due to current market activity more = than anything else. Although the market has shown decent resilence = lately, there does not appear to be a consistently positive outlook. = Too much negative uncertainty and choppiness. I think it's going to be = difficult for many stocks to maintain a consistent trend because of = this. Chuck Layne - ------=_NextPart_000_0008_01C35278.F7D6ABA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
----- Original Message -----
From:=20 John = P
Sent: Thursday, July 24, 2003 = 10:17=20 PM
Subject: [CANSLIM] ICLR

Would anyone like to comment on ICLR. = It brokeout=20 nicely on Tuesday, was up again on Wed but took a nose dive on = Thursday. I=20 can't find anything in the news to justify the 10% drop.
 
Any thoughts?
 
 
I think a lot of these = patterns are due to=20 current market activity more than anything else.  Although the = market has=20 shown decent resilence lately, there does not appear to be a = consistently=20 positive outlook.  Too much negative uncertainty and = choppiness.  I=20 think it's going to be difficult for many stocks to maintain a = consistent trend=20 because of this.
 
 
Chuck Layne
 
- ------=_NextPart_000_0008_01C35278.F7D6ABA0-- - - - -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, 25 Jul 2003 22:15:19 +0900 From: Simon MacMahon Subject: [CANSLIM] re: ICLR I too, was a bit baffled by ICLRs fall yesterday. Seemed pretty extreme coming on no news at all. The only thing I might mention is that AMHC(another one I am holding) a recent leader in the same sector, fell hard last week after a good run and AAII another one in that sector fell big yesterday. Any other insights would be welcome. - - - -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, 25 Jul 2003 09:56:23 -0400 From: "Pete" Subject: Re: [CANSLIM] ICLR This is a multi-part message in MIME format. - ------=_NextPart_000_003B_01C35293.01520B10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable They report earnings on the 21st things got a little crazy right before = and this has been my experience with low volume small caps. ----- Original Message -----=20 From: John P=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 24, 2003 10:17 PM Subject: [CANSLIM] ICLR Would anyone like to comment on ICLR. It brokeout nicely on Tuesday, = was up again on Wed but took a nose dive on Thursday. I can't find = anything in the news to justify the 10% drop. Any thoughts? John P. - ------=_NextPart_000_003B_01C35293.01520B10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
They report earnings on the 21st things = got a=20 little crazy right before and this has been my experience with low = volume small=20 caps.
----- Original Message -----
From:=20 John = P
Sent: Thursday, July 24, 2003 = 10:17=20 PM
Subject: [CANSLIM] ICLR

Would anyone like to comment on ICLR. = It brokeout=20 nicely on Tuesday, was up again on Wed but took a nose dive on = Thursday. I=20 can't find anything in the news to justify the 10% drop.
 
Any thoughts?
 
John = P.
- ------=_NextPart_000_003B_01C35293.01520B10-- - - - -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, 25 Jul 2003 08:14:19 -0600 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] Streaming Quotes This is a multi-part message in MIME format. - ------=_NextPart_000_0074_01C35284.BF616E20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Scottrade has real-time streaming quotes (table and/or charts); = available to account holders, no fee. I think Ameritrade may have = something as well. =20 Rolf ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, July 25, 2003 5:39 AM Subject: [CANSLIM] Streaming Quotes Would anyone like to suggest a streaming quote service? I want the = ability to set up watchlists and track volume changes among other = things.=20 Charley=20 - ------=_NextPart_000_0074_01C35284.BF616E20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Scottrade has real-time streaming = quotes (table=20 and/or charts); available to account holders, no fee.  I think = Ameritrade=20 may have something as well. 
 
Rolf
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, July 25, 2003 = 5:39 AM
Subject: [CANSLIM] Streaming = Quotes

Would = anyone like to=20 suggest a streaming quote service? I want the ability to set up = watchlists and=20 track volume changes among other things.
Charley=20 - ------=_NextPart_000_0074_01C35284.BF616E20-- - - - -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, 25 Jul 2003 10:22:56 -0400 From: "Steve Goodwin" Subject: Re: [CANSLIM] Streaming Quotes This is a multi-part message in MIME format. - ------=_NextPart_000_002E_01C35296.B6FE3170 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Yes. AmeriTrade has all that with no additional fee. Does anyone use = Brown Co. and know what they offer in this area, as they are 1/2 price = on some stock trades (or so I hear)? - - Steve ----- Original Message -----=20 From: Rolf Hertenstein=20 To: canslim@lists.xmission.com=20 Sent: Friday, July 25, 2003 10:14 AM Subject: Re: [CANSLIM] Streaming Quotes Scottrade has real-time streaming quotes (table and/or charts); = available to account holders, no fee. I think Ameritrade may have = something as well. =20 Rolf ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, July 25, 2003 5:39 AM Subject: [CANSLIM] Streaming Quotes Would anyone like to suggest a streaming quote service? I want the = ability to set up watchlists and track volume changes among other = things.=20 Charley=20 - ------=_NextPart_000_002E_01C35296.B6FE3170 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Yes.  AmeriTrade has all that with = no=20 additional fee.  Does anyone use Brown Co. and know what they offer = in this=20 area, as they are 1/2 price on some stock trades (or so I = hear)?
 
- Steve
----- Original Message -----
From:=20 Rolf=20 Hertenstein
Sent: Friday, July 25, 2003 = 10:14=20 AM
Subject: Re: [CANSLIM] = Streaming=20 Quotes

Scottrade has real-time streaming = quotes (table=20 and/or charts); available to account holders, no fee.  I think = Ameritrade=20 may have something as well. 
 
Rolf
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, July 25, 2003 = 5:39=20 AM
Subject: [CANSLIM] Streaming=20 Quotes

Would = anyone like to=20 suggest a streaming quote service? I want the ability to set up = watchlists=20 and track volume changes among other things.
Charley=20
- ------=_NextPart_000_002E_01C35296.B6FE3170-- - - - -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, 25 Jul 2003 09:45:57 -0500 From: "Maria McAdams" Subject: [CANSLIM] Streaming Quotes This is a multi-part message in MIME format. - ------=_NextPart_000_0038_01C35291.8C1CD060 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Check Medved QuoteTracker, if you have a quote source like etrade, = ameritrade and dozen of others, you can see neat real-time, streaming charts et al... Good luck,=20 MLMcAdams ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, July 25, 2003 6:39 AM Subject: [CANSLIM] Streaming Quotes Would anyone like to suggest a streaming quote service? I want the = ability to set up watchlists and track volume changes among other = things.=20 Charley - ------=_NextPart_000_0038_01C35291.8C1CD060 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Check Medved QuoteTracker, if you have = a quote=20 source like etrade, ameritrade and dozen of others, you can see=20 neat
real-time, streaming charts et = al... Good=20 luck,
MLMcAdams
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, July 25, 2003 = 6:39 AM
Subject: [CANSLIM] Streaming = Quotes

Would = anyone like to=20 suggest a streaming quote service? I want the ability to set up = watchlists and=20 track volume changes among other things.
Charley=20 - ------=_NextPart_000_0038_01C35291.8C1CD060-- - - - -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, 25 Jul 2003 11:29:35 -0400 From: Hong Hsu Subject: [CANSLIM] Another mystery plunge On 7/18 Duane reported TBL plunged $8 on no-bad-news earning release. Today OSTE plunged 23% on 50% surprise of earning release. The estimates is $0.10 vs. $0.02 year ago. The actual earning is $0.15/share. Why price drop? The fundies and TA are all great. Your experience comments will be appreciated, - -Hong - - - -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, 25 Jul 2003 11:47:11 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] Another mystery plunge Just people taking profit??? Too uncertain to hang on? Does anyone think that in this market, more breakouts undergo severe corrections either shortly after breakout or after a couple of small oscillations than in more positively up-moving markets? That's my observation. Regards, Dave - - - -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, 25 Jul 2003 11:52:05 -0400 From: "Jonathan Lobatto" Subject: Re: [CANSLIM] Another mystery plunge I agree. In fact, it's getting very dangerous to hold any stock announcing earnings. Very frustrating market the past couple of weeks. We were due for this as it was getting way too easy... - ---------------------------------------------------- This mailbox protected from junk email by Matador from MailFrontier, Inc. http://info.mailfrontier.com - ----- Original Message ----- From: To: Sent: Friday, July 25, 2003 11:47 AM Subject: Re: [CANSLIM] Another mystery plunge > Just people taking profit??? Too uncertain to hang on? > > Does anyone think that in this market, more breakouts undergo severe > corrections either shortly after breakout or after a couple of small oscillations than > in more positively up-moving markets? > > That's my observation. > > Regards, Dave > > - > -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, 25 Jul 2003 08:55:59 -0700 From: "DMC197807" Subject: Re: [CANSLIM] Another mystery plunge Hong, <> I won't address the fundamentals, but I question whether the TA was all that great. On OSTE (TBL has similar characteristics, but I won't go into them here, in view of time) you have a stock which pretty much tripled ($6 to $16) in 4 months on a volume drive. It broke its upward trend back in June, then broke back down through the next uptrend this month. It was making fairly short, squat candlestick forms in the last run up to $16.30 as volume was tailing off. Moreover if you look at price by volume bars you can see a huge buildup in the $14-15.50 area. This indicates possible support at this level, but also a lot of shares changing hands. Profit taking. Also, RSI was clearly tiring last month and forming a big negative divergence with the price action; bearish. Finally, the overall market is incredibly topsy here, the VIX spiked below 20 yesterday and there are very few buyers out there left to buy, but plenty of nervous sellers. The overall condition of the market is, in a word, bearish, and a retreating tide will strand all boats. The very first question any investor/speculator needs to ask is "how is the condition of the market?" In this market, no matter what the individual charts, the upside is limited and the downside something like last May-July or worse, so the condition is bad. It is not, imho, a time to be buying equities, buying calls or selling puts. It is a time to be establishing shorts, selling calls and buying puts, or investing in counter-market positions like bear funds and gold equities/calls. DMC - ----- Original Message ----- From: "Hong Hsu" To: Sent: Friday, July 25, 2003 8:29 AM Subject: [CANSLIM] Another mystery plunge > On 7/18 Duane reported TBL plunged $8 on no-bad-news earning > release. Today OSTE plunged 23% on 50% surprise of earning release. > The estimates is $0.10 vs. $0.02 year ago. The actual earning is > $0.15/share. > > Why price drop? The fundies and TA are all great. Your experience > comments will be appreciated, > -Hong > > > > - > -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, 25 Jul 2003 12:12:17 -0400 From: Hong Hsu Subject: Re: [CANSLIM] Another mystery plunge DMC, For OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 out of 7. With that score I will tend to believe it has solid TA. Does it? Maybe Katherine could share her insight. -Hong - - - -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, 25 Jul 2003 12:16:11 -0400 From: "Pritish Shah" Subject: Re: [CANSLIM] Another mystery plunge Does it make sense to buy put options before the earnings come out? My = thinking is that if the stock is going to do good, then the money for the = closest option (whether in the money or out of money) would be well worth = it. Eg. I own ANSI. Today it is 39.60 with the put for $40 (in the money) = going at $1.80. I bought the stock for 28.67. If the stock takes a = nosedive due to earnings, then I am assured 39.60-1.80 or $37.90. If the = stock stays the same, then I do not have to worry (I can sell the put and = get back around $1.80). If the stock rises, then also I sell the put for = whatever I get and join the ride up for the stock. The above process would assure me atleast 30% profit or more if the stock = goes up. Pritish >>> dmc197807@comcast.net 7/25/2003 11:55:59 AM >>> Hong, <> I won't address the fundamentals, but I question whether the TA was all = that great. On OSTE (TBL has similar characteristics, but I won't go into them here, in view of time) you have a stock which pretty much tripled ($6 to $16) in 4 months on a volume drive. It broke its upward trend back in = June, then broke back down through the next uptrend this month. It was making fairly short, squat candlestick forms in the last run up to $16.30 as = volume was tailing off. Moreover if you look at price by volume bars you can see = a huge buildup in the $14-15.50 area. This indicates possible support at = this level, but also a lot of shares changing hands. Profit taking. Also, RSI was clearly tiring last month and forming a big negative divergence with = the price action; bearish. Finally, the overall market is incredibly topsy here, the VIX spiked below 20 yesterday and there are very few buyers out there left to buy, but = plenty of nervous sellers. The overall condition of the market is, in a word, bearish, and a retreating tide will strand all boats. The very first question any investor/speculator needs to ask is "how is the condition of the market?" In this market, no matter what the individual charts, the upside is = limited and the downside something like last May-July or worse, so the condition = is bad. It is not, imho, a time to be buying equities, buying calls or = selling puts. It is a time to be establishing shorts, selling calls and buying puts, or investing in counter-market positions like bear funds and gold equities/calls. DMC - ----- Original Message ----- From: "Hong Hsu" To: Sent: Friday, July 25, 2003 8:29 AM Subject: [CANSLIM] Another mystery plunge > On 7/18 Duane reported TBL plunged $8 on no-bad-news earning > release. Today OSTE plunged 23% on 50% surprise of earning release. > The estimates is $0.10 vs. $0.02 year ago. The actual earning is > $0.15/share. > > Why price drop? The fundies and TA are all great. Your experience > comments will be appreciated, > -Hong > > > > - > -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. ------------------------------ End of canslim-digest V2 #3445 ****************************** 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.