From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3458 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 Monday, August 4 2003 Volume 02 : Number 3458 In this issue: Re: [CANSLIM] WES - What does a "U" shape, 1-day chart mean [CANSLIM] CANSLIM FAQ (Monthly Posting) Re: [CANSLIM] HITK ---------------------------------------------------------------------- Date: Sun, 3 Aug 2003 21:32:14 -0700 From: "David Thompson" Subject: Re: [CANSLIM] WES - What does a "U" shape, 1-day chart mean This is a multi-part message in MIME format. - ------=_NextPart_000_002B_01C35A06.B4DA87F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I found it interesting to look a a monthly chart of this stock. It = showed me 1990 through 2003 and if history is planning on repeating = herself (and I've not been very close to her lately) I'd guess that WES = will spend two or three months attempting to break out of the top of the = channel ($34) and then head sharply south where it will find support at = around $21. If it breaks significantly above $34 and $34 becomes = support then it could leave the channel alltogether and move = significantly higher. David - ------=_NextPart_000_002B_01C35A06.B4DA87F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I found it interesting to look a a = monthly chart of=20 this stock. It showed me 1990 through 2003 and if history is planning on = repeating herself (and I've not been very close to her lately) I'd guess = that=20 WES will spend two or three months attempting to break out of the top of = the channel ($34) and then head sharply south where it will find = support at=20 around $21.  If it breaks significantly above = $34 and $34=20 becomes support then it could leave the channel alltogether and move=20 significantly higher.
 
David
 
- ------=_NextPart_000_002B_01C35A06.B4DA87F0-- - - - -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: Mon, 4 Aug 2003 08:26:41 -0500 From: "Katherine Malm" Subject: [CANSLIM] CANSLIM FAQ (Monthly Posting) This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01C35A62.21DFDD40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit This FAQ is also available at: http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc or http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those who are having trouble displaying the document within their browser) Scope of discussion, Etiquette: Here are a couple of quotes from the welcome email that Jeff Salisbury, the list owner and host, sends to each new member: "This is an unmoderated discussion group whose purpose is to provide a forum for individuals to: 1.. Discuss the ideas and concepts of CANSLIM. 2.. Add to the concepts of CANSLIM from personal experience. 3.. Exchange sources of information on the internet and software that can be used to select stocks using the CANSLIM methodology. 4.. Discuss specific equities and how they may or may not meet the CANSLIM criteria. " "Anyone who resorts to rudeness, flaming, and personal attacks will be removed from our group." “By signing up for this list, you agree to the following: This list is a private list. All information that you take from this list is for your private use only. Commercial use of this information is forbidden.” Commonly used (misc) abbreviations: BO or B/O = Breakout DD= Due Diligence dMA = days Moving Average (a simple moving average unless otherwise specified) FTD = Follow Through Day http://www.market-tester.com/primer.htm HTMMIS = "How to Make Money in Stocks" by William J. O'Neil IBD = Investors Business Daily (www.investors.com) IMHO = In My Humble Opinion sometimes used as IMO or JMO or my $0.02 LOL = Laughing Out Loud M = Market ( the "M" in CANSLIM) MA = Moving Average N = New (the "N" in CANSLIM) VR = Virtual Reality fund (Fund where “everything’s real except the money”…see www.marketocracy.com) WON = William O'Neil, originator of CANSLIM IBD/CANSLIM Proprietary Rankings: A/D = Accumulation/Distribution EPS = Earnings per Share Rank GRS = Group Relative Strength RS = Relative Strength SMR = Sales/Margins/ROE Comp = Composite Ranking Misc. Lists posted in the IBD or at Investors.com: WR = Weekend Review, list published each Friday in the paper WTBMIF = Where the Big Money is Flowing, list of stocks moving up or down on volume published daily in the paper. Top 5 stocks moving up and down are updated intraday at Investors.com IBD100 = IBD list of the “top 100” stocks, list published each Monday in the paper. Also available as a downloadable spreadsheet at Investors.com SOD = Screen of the Day, a screening of stocks updated daily at Investors.com. Screens rotate from one day to the next. Accounting/Finance Abbreviations: BS or B/S = Balance Sheet cflo = Cash Flow D/E = Debt to Equity IS or I/S = Income Statement PE or P/E = Price to Earnings ratio Pro Forma earnings = http://www.sec.gov/investor/pubs/proforma12-4.htm Accounting 101: http://uoutperform.com/New_Folder/fundamental_analysis.htm http://www.investopedia.com/university/fundamentalanalysis/ http://www.WallStreet-LLC.com/canslim/Accounting101.doc Commonly discussed technical patterns: 2B=Double Bottoms A Base = Ascending Base C&H or CwH = Cup and Handle (http://www.cwhcharts.com/WON_cwh.htm.) FB=Flat Base HTF = High Tight Flag LLUR = Lower Left Upper Right (a stock on the rise, channeling in a tight range) For general discussion of chart patterns: http://stockcharts.com/education/What/ChartAnalysis/index.html Commonly discussed software/tools: AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee DGO= DailyGraphs Online ( www.dailygraphs.com ) – 7 day trial $19.95 HGSI = High Growth Stock Investing (www.highgrowthstock.com) – 60 day paid trial $49 QP2 = Quotes Plus (www.qp2.com) TC2000 = Worden Brothers TC2000 technical analysis software (http://www.tc2000.com) -30 day free trial VV= VectorVest (www.vectorvest.com) – 5 week trial $9.95 If you are new to CANSLIM investing (or just need a refresher): Take advantage of the excellent learning center at the IBD site-- www.investors.com/learn Access to the following are free, but require you to register at the site: Ask Bill O’Neil: http://www.investors.com/askbill/arclist.asp IBD Investor's Corner Archives: http://www.investors.com/editorial/editorialcontent.asp?secid=1100&status=archiv elist Using Charts To Round Out Stock Selection, Part I: http://www.investors.com/learn/B09.asp Using Charts To Round Out Stock Selection, Part II: http://www.investors.com/learn/B10.asp Free sites for stock scanning: http://moneycentral.msn.com/investor/finder/predefstocks.asp http://www.marketguide.com/screen/SScreen.asp http://cbs.marketwatch.com/tools/stockresearch/screener/ Free sites for charting: www.stockcharts.com www.bigcharts.com http://www.moneycentral.msn.com/investor/charts/charting.asp?Symbol=csco Due diligence sites: Company's web site http://biz.yahoo.com/p/c/csco.html http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=CSCO www.cwhcharts.com/canslim (limited to 5 stocks per person per day) www.investors.com (Requires subscription-look for the stock checkup feature) http://my.zacks.com/reports/reports.php3?HLITE1=6699BC&HLITE2=DEDEC5&ticker=SBUX &session=TMP.JEFFREY&type=100 (This is the “Whole Enchilada” report) Free sites for viewing industry information: http://host.wallstreetcity.com/wsc2/Industry_Group_Report.html http://bigcharts.marketwatch.com/industry/bigcharts-com/ http://www.prophet.net/explore/sectorrankings.jsp http://clearstation.etrade.com/cgi-bin/Itechnicals?Sector=0 Free resources for real time tracking: www.quotetracker.com Tools provided by members: - -CANSLIM Evaluator provided by Mike Gibbons: A tool that evaluates a stock against each of the CANSLIM criteria except M. Also provides due diligence links and detailed fundamental data. (http://www.breakoutwatch.com/canslim) - -Charts for CANSLIM provided by Mike Gibbons: A straightforward chart showing the price/volume action, pivots, % off 52 wk high, RS Line relative to the S&P500, RS Rank plotted over time, U/D ratio over time. Displays daily for 3, 6, 9, or 12 months (daily) or 1, 2 or 3 years (weekly). Updated with 20 minute delayed intraday pricing as well. (http://www.breakoutwatch.com/charts/kmchart.php) - -CANSLIMLinks provided by Katherine Malm: An Excel spreadsheet that contains macros for creating links to sites useful for evaluating CANSLIM stocks. Allows you to list stocks of your choosing. Full functionality only available with Excel 2000 for Windows. Limited functionality in prior versions. (http://www.breakoutwatch.com/katherine/CANSLIMLinksAutomated.zip) - -Favorite Resources provided by Katherine Malm: A Word document listing various sites I find useful in CANSLIM investing. (http://www.breakoutwatch.com/katherine/FavoriteResourcesKM.doc) List FAQ compiled by Katherine Malm. If you have suggestions for additions and/or revisions, please contact me at kmalm@earthlink.net Rev 7/7/03 In memory of Tom Worley 4/26/03 Mentor, friend, and the anchor of the CANSLIM list for nearly 10 years Thank you for your many contributions. Rest in peace, Tom. - ------=_NextPart_000_0018_01C35A62.21DFDD40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

This FAQ is also available at:=20

http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.doc=20 or

http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.zip=20 (zipped version for those who are having trouble displaying the document = within=20 their browser)

 

Scope of=20 discussion, Etiquette:

Here are a = couple=20 of quotes from the welcome email that Jeff Salisbury, the list = owner and=20 host, sends to each new member:

 

"This is an = unmoderated=20 discussion group whose purpose is to provide a forum for individuals to: =

  1. Discuss=20 the ideas and concepts of CANSLIM.=20
  2. Add=20 to the concepts of CANSLIM from personal experience.=20
  3. Exchange=20 sources of information on the internet and software that can be used = to select=20 stocks using the CANSLIM methodology.=20
  4. Discuss=20 specific equities and how they may or may not meet the CANSLIM=20 criteria. "

"Anyone who resorts to rudeness, flaming, and personal attacks will = be=20 removed from our group."

=93By signing up for this list, you agree to the following:  = This list is=20 a private list.  All information that you take from this list is = for your=20 private use only.  Commercial use of this information is = forbidden.=94

Commonly used = (misc)=20 abbreviations:

BO or B/O =3D = Breakout

DD=3D Due = Diligence

dMA =3D days Moving = Average (a=20 simple moving average unless otherwise specified)

FTD =3D Follow = Through Day http://www.market-tester= .com/primer.htm

HTMMIS =3D "How to = Make Money in=20 Stocks" by William J. O'Neil

IBD =3D Investors = Business=20 Daily  (www.investors.com)

IMHO =3D In My Humble = Opinion=20 sometimes used as IMO or JMO or my $0.02

LOL =3D Laughing Out = Loud

M =3D Market ( the = "M" in=20 CANSLIM)

MA =3D Moving = Average

N =3D New (the "N" in = CANSLIM)

VR =3D = Virtual=20 Reality fund (Fund where =93everything=92s real except the = money=94=85see=20 www.marketocracy.com)

WON =3D William = O'Neil, originator=20 of CANSLIM

 

IBD/CANSLIM = Proprietary=20 Rankings:

A/D =3D=20 Accumulation/Distribution

EPS =3D Earnings per = Share Rank

GRS =3D Group = Relative Strength

RS =3D Relative = Strength

SMR =3D = Sales/Margins/ROE

Comp =3D Composite = Ranking

 

Misc. Lists = posted in the IBD=20 or at Investors.com:

WR =3D Weekend Review, list published each = Friday in=20 the paper

WTBMIF =3D Where the Big Money is Flowing, = list of=20 stocks moving up or down on volume published daily in the paper. Top 5 = stocks=20 moving up and down are updated intraday at=20 Investors.com

IBD100 =3D IBD list of the =93top 100=94 = stocks, list=20 published each Monday in the paper. Also available as a downloadable = spreadsheet=20 at Investors.com

SOD = =3D Screen of=20 the Day, a screening of stocks updated daily at Investors.com. Screens = rotate=20 from one day to the next.

 

Accounting/Finance=20 Abbreviations:

BS or B/S =3D Balance = Sheet

cflo =3D Cash = Flow

D/E =3D Debt to = Equity

IS or I/S =3D Income = Statement

PE or P/E =3D Price = to Earnings=20 ratio

Pro Forma earnings = =3D http://www.sec= .gov/investor/pubs/proforma12-4.htm

 

Accounting = 101:

http:= //uoutperform.com/New_Folder/fundamental_analysis.htm
http= ://www.investopedia.com/university/fundamentalanalysis/
http://w= ww.WallStreet-LLC.com/canslim/Accounting101.doc

 

Commonly = discussed technical=20 patterns:

2B=3DDouble=20 Bottoms

A Base =3D Ascending = Base

C&H or CwH =3D = Cup and=20 Handle  (http://www.cwhcharts.com/WO= N_cwh.htm.)

FB=3DFlat Base

HTF =3D High Tight = Flag

LLUR =3D Lower Left = Upper=20 Right (a stock on the rise, channeling in a tight range)

For general = discussion of chart=20 patterns: h= ttp://stockcharts.com/education/What/ChartAnalysis/index.html<= /P>

 

Commonly = discussed=20 software/tools:

AAII Stock Investor = Pro http://www.aaii.com/ - money back = guarantee

DGO=3D DailyGraphs=20 Online  ( www.dailygraphs.com ) =96 = 7 day trial=20 $19.95

HGSI =3D High Growth = Stock=20 Investing (www.highgrowthstock.com) = =96 60 day=20 paid trial $49

QP2 =3D Quotes Plus = (www.qp2.com)

TC2000 =3D  = Worden Brothers=20 TC2000 technical analysis software (http://www.tc2000.com) -30 day free=20 trial

VV=3D VectorVest (www.vectorvest.com) =96 5 week = trial=20 $9.95

 

If you are new to = CANSLIM=20 investing (or just need a refresher):

Take advantage of the = excellent=20 learning center at the IBD site-- www.investors.com/learn

 

Access to the = following are free,=20 but require you to register at the site:

Ask Bill O=92Neil: http://www.investor= s.com/askbill/arclist.asp

IBD=20 Investor's Corner Archives:
http://www.investors.com/editorial/editoria= lcontent.asp?secid=3D1100&status=3Darchivelist

Using=20 Charts To Round Out Stock Selection, Part I: http://www.investors.com/= learn/B09.asp

Using=20 Charts To Round Out Stock Selection, Part II: http://www.investors.com/= learn/B10.asp

 

Free sites for = stock=20 scanning:

htt= p://moneycentral.msn.com/investor/finder/predefstocks.asp

http://www.marketg= uide.com/screen/SScreen.asp

http://= cbs.marketwatch.com/tools/stockresearch/screener/

 

Free sites for=20 charting:

www.stockcharts.com

www.bigcharts.com

http://www.moneycentral.msn.com/investor/charts/charting.asp?S= ymbol=3Dcsco

 

Due diligence = sites:

Company's web = site

http://biz.yahoo.com/p/c/csco= .html

http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=3D= CSCO

www.cwhcharts.com/canslim = (limited=20 to 5 stocks per person per day)

www.investors.com (Requires=20 subscription-look for the stock checkup feature)

h= ttp://my.zacks.com/reports/reports.php3?HLITE1=3D6699BC&HLITE2=3DDEDE= C5&ticker=3DSBUX&session=3DTMP.JEFFREY&type=3D100=20 (This is the =93Whole Enchilada=94 report)

 

Free sites=20 for viewing industry information:

h= ttp://host.wallstreetcity.com/wsc2/Industry_Group_Report.html

http://= bigcharts.marketwatch.com/industry/bigcharts-com/

http://www.pro= phet.net/explore/sectorrankings.jsp

ht= tp://clearstation.etrade.com/cgi-bin/Itechnicals?Sector=3D0

 

Free resources = for real time=20 tracking:

www.quotetracker.com

 

Tools provided by = members:

-CANSLIM Evaluator = provided by=20 Mike Gibbons: A tool that evaluates a stock against each of the CANSLIM = criteria=20 except M. Also provides due diligence links and detailed fundamental = data.=20 (http://www.breakoutwatch.co= m/canslim)

-Charts for = CANSLIM provided=20 by Mike Gibbons: A straightforward chart showing the price/volume = action,=20 pivots, % off 52 wk high, RS Line relative to the S&P500, RS Rank = plotted=20 over time, U/D ratio over time. Displays daily for 3, 6, 9, or 12 months = (daily)=20 or 1, 2 or 3 years (weekly). Updated with 20 minute delayed intraday = pricing as=20 well. (http://www.break= outwatch.com/charts/kmchart.php)

-CANSLIMLinks = provided by=20 Katherine Malm: An Excel spreadsheet that contains macros for creating = links to=20 sites useful for evaluating CANSLIM stocks. Allows you to list stocks of = your=20 choosing. Full functionality only available with Excel 2000 for Windows. = Limited=20 functionality in prior versions. (http://www.breakoutwatch.com/katherine/CANSLIMLinksAutomated.zip)

-Favorite Resources = provided by=20 Katherine Malm: A Word document listing various sites I find useful in = CANSLIM=20 investing. (h= ttp://www.breakoutwatch.com/katherine/FavoriteResourcesKM.doc)

 

 

List FAQ compiled by = Katherine=20 Malm. If you have suggestions for additions and/or revisions, please = contact me=20 at kmalm@earthlink.net

Rev 7/7/03

 

In memory of Tom = Worley=20 4/26/03

Mentor, friend, and = the anchor of=20 the CANSLIM list for nearly 10 years

Thank you for your = many=20 contributions. Rest in peace, Tom.

 

- ------=_NextPart_000_0018_01C35A62.21DFDD40-- - - - -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: Mon, 4 Aug 2003 08:56:37 -0700 From: "DMC197807" Subject: Re: [CANSLIM] HITK Perhaps members of the group will find it educational to follow HITK for a little while longer. Nobody has a crystal ball on these things, but experience has taught me the hard way that not paying attention to price action and volume can be costly. As I opined earlier, this chart pattern is a very familiar, broken stock picture. Volume keeps fading away as buyers back away from this name and holders are just beginning to get the picture that the bleeding has only begun, and hasn't begun to stop yet. We've now crossed up above the 200 dma very weakly and fallen back down through it. I'd expect this stock to stay below the 200 dma for a significant amount of time from now on, long after all the averages complete their southerly curves. Since there are few buyers it won't take many sellers to show up, dump their shares and get out. That accounts for the small but steady march south. The Bollinger Bands have now widened significantly; when a stock is rallying it can climb along the upper band for a long time; the same happens on the bottom band when it's falling. The bottom band is pointed directly toward $15 right now; I see no reason why, given enough time this summer, it won't achieve and then overshoot that number. If HITK had options, I'd be buying puts here. If I was an HITK owner, I'd get out at any price right now. DMC - ----- Original Message ----- From: "DMC197807" To: Sent: Monday, July 28, 2003 11:05 AM Subject: Re: [CANSLIM] HITK > Fanus, > > Thanks for your note. Each of us has his own system. Back in May I traded > HITK off the center of the Bollinger bands for a bounce which I got and I > was monitoring it off shorter time frame charts. The mistake I made was not > holding on for the ride further up, but I was leaving for 10 days on the > East Coast and couldn't afford to keep the position open, so I left with > 9.3% gain in 7 days. If I can annualize that gain it's better than 300% per > year, so I like it. I kept a tight stop on the position so maybe your > calculation of the risk wasn't mine. > > Everyone looks at risk and reward differently. You may see a stock which > can rise up to 35 or 40 fairly easily (the reward) but I see a broken chart > and the likelihood of that happening as very, very slim. More likely, given > the pattern, is for the stock to pause and hiccup and continue to break > down. Or it could stabilize and idle here at the $22-28 range for a while. > However, there have been a lot of buyers on the way up to $49 and not all of > them have sold. It often takes several days for the totality of a drop from > 49 to 25 to sink in. A lot of people hope it will recover, a lot try to > trade out, but in the end the weight of the chart often produces the > inevitable. > > Another way to look at your calculation is to try to figure out the > probabilities within a given time frame (let's take 2 weeks, or 10 trading > days) of your two speculation scenarios to play out: 1) drops to 23? this > is highly likely, imho, given the ATR where it is, call it 2-1; or 2) rises > to 35 or 40? this is a 40-1 shot, to me, in this time period, or worse. So > you calculate the value of the two and, with the stock where it is now, > 26.50, you have a 50% chance of losing $3.50, or -1.75, and a 2.5% chance of > it rising to 35, or $0.87, so I wouldn't take your approach, not even with > your money. > > What is the better approach? Patience, let the plunge work through its > natural progression. > > This is what makes a market, though. Regards, > > DMC > > > > ----- Original Message ----- > From: "Fanus" > To: > Sent: Monday, July 28, 2003 10:19 AM > Subject: Re: [CANSLIM] HITK > > > > I haven't look at the CANSLIM characteristics, but > > risk/reward look pretty good to me. > > > > If one trade it as a bounce off the 200DMA, then your > > stop can be just below it. Say around 23.00. You > > could have entered around 25.30 this morning, risking > > 2.30. If I was trading it, I would expect it to > > possibly stall at resistance around 35 to 40 which > > would be my profit target. A profit target of about > > 9.7 to 14.7. Risking 2.3 to get 9.7 is a risk/reward > > ratio of 1/4.2. Risking 1 dollar to make 4.2. Good > > enough for me. > > > > You mentioned that you bought HITK at 5/30/03 at > > 34.20. From my side, I do not see significant support > > close by, or a logical place to put a stop loss other > > than the 50DMA which were at 30.74 on that date. A > > risk of 3.46. You sold on 6/5 at 37.47; a profit of > > 3.27. So you risk 3.46 to make 3.27, a risk/reward > > ratio of 1/0.95. Risking 1 dollar to make 0.95. > > > > In my books, an entry now is much less risky than your > > entry on 5/30. > > > > Regards > > - Fanus > > > > > > --- DMC197807 wrote: > > > MessageGene, > > > > > > I understood that. However, I think it's > > > hard/dangerous to trade consistently (and safely) > > > from signals generated by newsletters and stock > > > pickers, or black boxes or discussion threads. I > > > assume you are out of HITK at this point? > > > > > > My comments were and are limited to trying to grasp > > > the total risk-reward on the name as indicated by > > > the chart. Still too risky for me, maybe not for > > > others. When the charts come into alignment, then > > > money is made more easily, although not without > > > risk. > > > > > > I took $3+ out of HITK at the end of May by > > > following my discipline (bot 5/30 at 34.20, sold 6/5 > > > at 37.47), and it was this experience which caught > > > my attention with your post. > > > > > > HITK may close this week higher or lower, and at > > > that point it may still not be a good speculation, > > > for my money. > > > > > > Good luck, > > > > > > DMC > > > > > > > > > ----- Original Message ----- > > > From: Gene Ricci > > > To: canslim@lists.xmission.com > > > Sent: Monday, July 28, 2003 9:32 AM > > > Subject: Re: [CANSLIM] HITK > > > > > > > > > DMC, if you'll go back to my original email you'll > > > see that I was making an observation ... and passing > > > it on to potential holders of HITK .... based on a > > > buy signal from ChangeWave. > > > > > > 'If you still own HITK there may be a light in the > > > tunnel.' > > > > > > In the meantime I made 75 cents/share trading it > > > this morning (going long)... after the opening > > > pullback... > > > > > > Gene > > > > > > > > > > > > > > > > > > > > > ----- Original Message ----- > > > From: DMC197807 > > > To: canslim@lists.xmission.com > > > Sent: Monday, July 28, 2003 11:01 AM > > > Subject: Re: [CANSLIM] HITK > > > > > > > > > Gene, > > > > > > Two thoughts come to mind. First is a ski area > > > I frequent. Just below the highest lift are some > > > cliffs which are out of bounds by regulation and > > > also by dint of pure reason: they look like > > > suicide. However, on any thick powder day there are > > > a number of youth with their snowboards and skis > > > doing the "extreme thing." For some reason only 2 > > > people have gotten killed there in my memory, and a > > > few bad accidents, but mostly these yahoos make it > > > through. It doesn't mean it isn't an absurd risk to > > > take, but there you are. > > > > > > Is HITK still a falling knife, or is it safe to > > > buy? > > > > > > Second is: what is volume during normal trading > > > and what is volume during a selloff? Clearly HITK > > > is in a selloff, so I like to look at something like > > > 10 day volume (or volume since the plunge) rather > > > than 60-day volume. Here the 60-day volume is > > > 583,000, but the most recent 8 days have coughed up > > > about 10 million shares, or 1.25 million per day. I > > > was looking at HITK early today and was surprised > > > that the first hour, amateur hour, didn't produce > > > more volume. It's now 2.5 hours into the trading > > > day and it's still at 330,000 shares. > > > > > > I think today is simply a pause on the way down. > > > I have no money in this name now and only look at > > > it to determine when, on a trading basis, the reward > > > might outweigh the risk. That event might not > > > happen for several weeks and might take place at a > > > higher price than today's (in fact, could easily do > > > so). > > > > > > Mostly I think of this endeavor as the opposite > > > of even recreational skiing. We want to find the > > > easiest, most risk free way of having fun (making > > > $$), not the adrenaline rushed version. If this > > > were a ski slope, my scans would be scouting for not > > > black diamond slopes or blue slopes. Unlike skiing, > > > here I'm on the hunt for easy green slopes and even > > > yellow bunny hop slopes. > > > > > > Good luck, > > > > > > DMC > > > ----- Original Message ----- > > > From: Gene Ricci > > > To: canslim@lists.xmission.com > > > Sent: Monday, July 28, 2003 7:35 AM > > > Subject: Re: [CANSLIM] HITK > > > > > > > > > The power of the newsletter assumes control... > > > up 6% and 1/3 of the daily volume already. > > > > > > Gene > > > ----- Original Message ----- > > > From: DMC197807 > > > To: canslim@lists.xmission.com > > > Sent: Saturday, July 26, 2003 10:35 PM > > > Subject: Re: [CANSLIM] HITK > > > > > > > > > Technically your risk/reward on this name > > > would be skewed toward risk at this point. The > > > chart shows no stopping yet, volume is still high > > > and the daily patterns are bearish. The price > > > dropped right through the 200 day EMA (25.85), is > > > below any support on the daily (there looks like > > > some support at $20 on the weekly). If $20 holds, > > > who's interested in buying for a quick off the bat > > > 20% loss? > > > > > > I don't actually see why $20 should hold for > > > more than a pause, anyway. To me there's no sense > > > in looking for "bad news," it's all in the chart > > > right now. > > > > > > JMHO, > > > > > > DMC > > > > > > > > > > > > ----- Original Message ----- > > > From: Gene Ricci > > > To: canslim@lists.xmission.com > > > Sent: Saturday, July 26, 2003 6:30 PM > > > Subject: [CANSLIM] HITK > > > > > > > > > If you still own HITK there may be a light > > > in the tunnel. Change Wave (Tobin Smith) sent an > > > alert to his 300,000 (?) subscribers to buy HITK on > > > 7/25. Looking at the chart shows that the price > > > dropped down and stabilized at its 200-day moving > > > average at $23.14 before bouncing higher. It closed > > > at $24.88 on 7/25. Other than a possible shortfall > > > because of seasonal cough medicine sales I couldn't > > > find any other bad news. Anyone know of any other > > > issues? > > > > > > Thanks, > > > Gene > > > > > > I was forwarded the following; > > > > > > A price under $25 is a great entry point > > > for this dual > > > generic/diabetes play -- forget the noise > > > from the momentum > > > buyers-turned-sellers. They were cleaned > > > out with the huge volume > > > sales, so now it's time to build or add to > > > your positions to get to > > > a $25 cost basis. I still think we can > > > hold on for a $50 value at > > > the end of 2004 on $2 per share earnings > > > in 2004. > > > > > > Let's lower the buy under for HITK to $25. > > > > > > > > > > > > > > > __________________________________ > > Do you Yahoo!? > > Yahoo! SiteBuilder - Free, easy-to-use web site design software > > http://sitebuilder.yahoo.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. ------------------------------ End of canslim-digest V2 #3458 ****************************** 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.