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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #1765
Reply-To: canslim
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canslim-digest Wednesday, October 31 2001 Volume 02 : Number 1765
In this issue:
Re: [CANSLIM] Intro: Katherine Malm
AW: [CANSLIM] Intro: Katherine Malm
[CANSLIM] The M
[CANSLIM] Tech Analysis notes on TARO
Re: [CANSLIM] Tech Analysis notes on TARO
Re: [CANSLIM] Tech Analysis notes on TARO
----------------------------------------------------------------------
Date: Wed, 31 Oct 2001 02:29:27 EST
From: Mendheart@aol.com
Subject: Re: [CANSLIM] Intro: Katherine Malm
- --part1_69.1d2e6f49.29110257_boundary
Content-Type: text/plain; charset="US-ASCII"
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Welcome Kate...think you'll contribute a lot.
Den
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<HTML><FONT FACE=arial,helvetica><FONT SIZE=2>Welcome Kate...think you'll contribute a lot.
<BR>
<BR>Den</FONT></HTML>
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------------------------------
Date: Wed, 31 Oct 2001 11:24:43 +0100
From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Intro: Katherine Malm
Katherine,
welcome !!! I was a consultant too and did retire as well in order to trade with CANSLIM ...
Andreas
> -----Ursprungliche Nachricht-----
> Von: Katherine Malm [SMTP:kmalm@earthlink.net]
> Gesendet am: Wednesday, October 31, 2001 2:11 AM
> An: CANSLIM List Posting
> Betreff: [CANSLIM] Intro: Katherine Malm
>
> Hello all,
>
> My name is Katherine Malm from Austin, Texas. I have been a long-time
> investor, but for me, the road to WON was long and treacherous, filled with
> low-priced stocks, buy-and-hold nightmares and a few lucky breaks.
> Thankfully I found CANSLIM and have been practicing the discipline for 4
> years this month. My background is in engineering and business, specifically
> in materials and operations management for manufacturing companies. Up until
> recently I had a consulting and training business, but after years of
> constant travel, decided that home was the place for me and retired. I have
> found over the years the market and its complexities are far more
> challenging and rewarding than just about anything else and so, as of July
> of this year am trading/investing full time. While I have learned many
> lessons along the way, not a day goes by that Mr. Market doesn't offer up
> something new! I am looking forward to sharing ideas with and learning from
> each of you.
>
>
> -
> -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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------------------------------
Date: Wed, 31 Oct 2001 11:36:11 +0100
From: Andreas Himmelreich <judgejimmy@web.de>
Subject: [CANSLIM] The M
This market is way too difficult to call it a bull market. I even made a
ton of money in the (false) rally of this spring, but now its different ...
Third distribution day in three weeks is enough for me to get flat ...
Andreas
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------------------------------
Date: Wed, 31 Oct 2001 07:45:49 -0500
From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" <cefaloni@pica.army.mil>
Subject: [CANSLIM] Tech Analysis notes on TARO
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Funny how sometimes these charts looks like optical illusions that look
different depending on which eye you use!
TARO's chart looks like it formed a head and shoulders top from late June
(left shoulder at $45) to late July (head at $49) to late August (right
shoulder at around $44) with a downward sloping neckline. The neckline
appears to have been broken with the gap down sell off that followed Sep 11.
But, at the end of September, it reversed and returned to the right neckline
at $35 and paused. One would expect the stock to really fall at that point,
but it didn't - it has recovered nicely. I've read that when a stock traces
through a certain bearish formation then suddenly turns around instead of
falling, that it is extremely bullish. So, we'll have to see.
Looking with my other eye, I see a possible inverse head and shoulders
forming with the left shoulder at $35 in August (same as the above right
neckline), the head at $27 or so in the trading days following Sep 11, and
the right shoulder ...well, it is not well formed.
In either case, it is definitely trying to build some type of base off of
it's incredible run this year. It appears to be forming the right side of a
cup. From what I understand, the first step of a healthy cup formation was
breaking out of the downward channel of successive lower lows and lower
highs that it formed from its July peak to its September low. It looks like
it did that on Oct 10. It then needs to return to that downtrend line or
retest the bottom before moving up. It looks like it tried that on Oct 18.
Either way, it seems to now be making higher lows and higher highs, where it
should work its way back up to the old high of 49, then pause to form a
handle on lower volume. Again, we'll see.
I know that my "analysis" is inconclusive and vague, but that's how I see
these charts - it's hard to be definite about anything. And being
indecisive makes investing difficult. Usually, when I am sure about
something, the stock will perform the opposite of what I expect! But, I
thought I'd throw it out there to give some of you a different perspective.
BTW, I agree with Tom (?) who cuts the stock slack for it's spikey bottom
due to the Sep 11 sell off. But, I also agree with Katherine (?) who has
the stock on her short list due to poor performance of it's peers.
Oops, there's that indecisiveness again...
Cheers,
John C.
- -----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Tuesday, October 30, 2001 9:13 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] TARO
Peter,
Agreed 100%. I recently moved TARO to my "Possible Shorts" list. Thanks for
the confirming thoughts.
Katherine
kmalm@earthlink.net <mailto:kmalm@earthlink.net>
- ----- Original Message -----
From: Peter <mailto:peterc@loxinfo.co.th> Christiansen
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Tuesday, October 30, 2001 8:04 PM
Subject: Re: [CANSLIM] TARO
Excellent point Katherine. The industry group weakness is the one black
mark I give TARO. In the present environment, and it is a very big black
mark. Even if TARO breaks out, I probably won't buy it. Suspect we are in
another bear market rally. On the other hand, if it breaks down, I would
seriously consider shorting it.
Peter
At 07:36 PM 10/30/2001 -0600, you wrote:
If I'm ever in doubt about a chart, I'll look at others in the same group.
With TARO, here's its cohorts:
BRL: KO'd (knocked-out)
ADRX: lousy, wide and loose, low RS
WPI: KO'd
MYL: suspect, with gaps down
PRX: suspect, sure looks triple toppy
ALO: lousy, gap down, low RS
IVX: KO'd
I'd say odds favor TARO taking a trip lower rather than working through that
handle and breaking out.
Katherine
- ----- Original Message -----
From: "Williams, Bob" <robert.c.williams@eds.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, October 30, 2001 7:20 PM
Subject: RE: [CANSLIM] TARO
> I'm brand new here, and forgive me for blurting out before I've "felt out"
> the group, but isn't the volume a little high on the handle? It doesn't
> look like volume is "drying up."
>
> Bob Williams
> EDS Systems
> California Medi-Cal
> phone: (916) 861-1861
> fax: (916) 636-1002
> cell: (916) 804-6803
>
>
> > -----Original Message-----
> > From: Spencer48@aol.com [ mailto:Spencer48@aol.com
<mailto:Spencer48@aol.com> ]
> > Sent: Tuesday, October 30, 2001 4:54 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] TARO
> >
> >
> > In a message dated 10/30/2001 7:08:19 AM Eastern Standard Time,
> > peterc@loxinfo.co.th writes:
> >
> > << In a double bottom, the second bottom should ideally
> > slightly undercut
> > the first. In this instance, I don't think it fits that
> > description. Anyway, double bottoms form handles too.<<
> >
> > Peter:
> >
> > I'm not sure where you're looking, but to me TARO formed
> > a very nice
> > double bottom: The first bottom was in August and the 2nd
> > bottom was in late
> > September. Notice that the 200 stopped the 2nd fall in late
> > September, and
> > also that the 2nd bottom IS below the first bottom.
> > Presently, TARO seems to
> > be making a handle on light volume-after stalling when
> > meeting the same level
> > as the W formation's apex.
> >
> > jans
>
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<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff size=2>Funny
how sometimes these charts looks like optical illusions that look different
depending on which eye you use!</FONT></SPAN></DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff size=2>TARO's
chart looks like it formed a head and shoulders top from late June (left
shoulder at $45) to late July (head at $49) to late August (right shoulder at
around $44) with a downward sloping neckline. The neckline appears to have
been broken with the gap down sell off that followed Sep 11. But, at the
end of September, it reversed and returned to the right neckline at $35 and
paused. One would expect the stock to really fall at that point, but it
didn't - it has recovered nicely. I've read that when a stock traces
through a certain bearish formation then suddenly turns around instead of
falling, that it is extremely bullish. So, we'll have to
see.</FONT></SPAN></DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff
size=2>Looking with my other eye, I see a possible inverse head and shoulders
forming with the left shoulder at $35 in August (same as the above right
neckline), the head at $27 or so in the trading days following Sep 11, and
the right shoulder ...well, it is not well formed.</FONT></SPAN></DIV>
<DIV><SPAN class=440551112-31102001></SPAN> </DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff size=2>In
either case, it is definitely trying to build some type of base off of it's
incredible run this year. It appears to be forming the right side of a
cup. From what I understand, the first step of a healthy cup formation was
breaking out of the downward channel of successive lower lows and lower highs
that it formed from its July peak to its September low.</FONT> <FONT
face=Arial color=#0000ff size=2>It looks like it did that on Oct 10. It
then needs to return to that downtrend line or retest the bottom before moving
up. It looks like it tried that on Oct 18. Either way, it seems to
now be making higher lows and higher highs, where it should work its way back up
to the old high of 49, then pause to form a handle on lower volume. Again,
we'll see.</FONT></SPAN></DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff size=2>I know
that my "analysis" is inconclusive and vague, but that's how I see these charts
- - it's hard to be definite about anything. And being indecisive makes
investing difficult. Usually, when I am sure about something, the stock
will perform the opposite of what I expect! But, I thought I'd throw
it out there to give some of you a different perspective.</FONT></SPAN></DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff size=2>BTW, I
agree with Tom (?) who cuts the stock slack for it's spikey bottom due to the
Sep 11 sell off. But, I also agree with Katherine (?) who has the stock on
her short list due to poor performance of it's peers.</FONT></SPAN></DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff size=2>Oops,
there's that indecisiveness again...</FONT></SPAN></DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff
size=2>Cheers,</FONT></SPAN></DIV>
<DIV><SPAN class=440551112-31102001><FONT face=Arial color=#0000ff size=2>John
C.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> Katherine Malm
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Tuesday, October 30, 2001 9:13
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]
TARO<BR><BR></FONT></DIV>
<DIV><FONT face=Arial size=2>Peter,</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Agreed 100%. I recently moved TARO to my
"Possible Shorts" list. Thanks for the confirming thoughts.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Katherine</FONT></DIV>
<DIV><FONT face=Arial size=2><A
href="mailto:kmalm@earthlink.net">kmalm@earthlink.net</A></FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=peterc@loxinfo.co.th href="mailto:peterc@loxinfo.co.th">Peter
Christiansen</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, October 30, 2001 8:04
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] TARO</DIV>
<DIV><BR></DIV>Excellent point Katherine. The industry group weakness
is the one black mark I give TARO. In the present environment, and it
is a very <B>big </B>black mark. Even if TARO breaks out, I probably
won't buy it. Suspect we are in another bear market rally. On the
other hand, if it breaks down, I would seriously consider shorting
it.<BR><BR>Peter<BR><BR>At 07:36 PM 10/30/2001 -0600, you wrote:<BR>
<BLOCKQUOTE class=cite type="cite" cite>If I'm ever in doubt about a
chart, I'll look at others in the same group.<BR>With TARO, here's its
cohorts:<BR>BRL: KO'd (knocked-out)<BR>ADRX: lousy, wide and loose, low
RS<BR>WPI: KO'd<BR>MYL: suspect, with gaps down<BR>PRX: suspect, sure
looks triple toppy<BR>ALO: lousy, gap down, low RS<BR>IVX: KO'd<BR><BR>I'd
say odds favor TARO taking a trip lower rather than working through
that<BR>handle and breaking out.<BR><BR>Katherine<BR>----- Original
Message -----<BR>From: "Williams, Bob"
<robert.c.williams@eds.com><BR>To:
<canslim@lists.xmission.com><BR>Sent: Tuesday, October 30, 2001 7:20
PM<BR>Subject: RE: [CANSLIM] TARO<BR><BR><BR>> I'm brand new here, and
forgive me for blurting out before I've "felt out"<BR>> the group, but
isn't the volume a little high on the handle? It doesn't<BR>>
look like volume is "drying up."<BR>><BR>> Bob Williams<BR>> EDS
Systems<BR>> California Medi-Cal<BR>> phone: (916) 861-1861<BR>>
fax: (916) 636-1002<BR>> cell: (916) 804-6803<BR>><BR>><BR>>
> -----Original Message-----<BR>> > From: Spencer48@aol.com [<A
href="mailto:Spencer48@aol.com"
eudora="autourl">mailto:Spencer48@aol.com</A>]<BR>> > Sent: Tuesday,
October 30, 2001 4:54 PM<BR>> > To:
canslim@lists.xmission.com<BR>> > Subject: Re: [CANSLIM]
TARO<BR>> ><BR>> ><BR>> > In a message dated 10/30/2001
7:08:19 AM Eastern Standard Time,<BR>> > peterc@loxinfo.co.th
writes:<BR>> ><BR>> > << In a double bottom, the second
bottom should ideally<BR>> > slightly undercut<BR>> >
the first. In this instance, I don't think it fits that<BR>>
> description. Anyway, double bottoms form handles
too.<<<BR>> ><BR>> > Peter:<BR>> ><BR>>
> I'm not sure where you're looking, but
to me TARO formed<BR>> > a very nice<BR>> > double
bottom: The first bottom was in August and the 2nd<BR>> >
bottom was in late<BR>> > September. Notice that the 200
stopped the 2nd fall in late<BR>> > September, and<BR>> > also
that the 2nd bottom IS below the first bottom.<BR>> > Presently,
TARO seems to<BR>> > be making a handle on light volume-after
stalling when<BR>> > meeting the same level<BR>> > as the W
formation's apex.<BR>> ><BR>> > jans<BR>><BR>> -<BR>>
-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>> -In the
email body, write "subscribe canslim" or<BR>> -"unsubscribe
canslim". Do not use quotes in your email.<BR><BR><BR>-<BR>-To
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LeBon<BR>- -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the
email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use
quotes in your email.</P></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 31 Oct 2001 06:03:55 -0700
From: DougC <dzc@qwest.net>
Subject: Re: [CANSLIM] Tech Analysis notes on TARO
- --=====================_219041279==_.ALT
Content-Type: text/plain; charset="us-ascii"; format=flowed
Just looked at the 52 week weekly chart of TARO. Looks very strong. It went
from around 10 bucks last November to almost 50 bucks in July when it
started it's double bottom base. The volume during the downtrends has been
very low compared to the upward movement. Currently U/D is 1.2. It's a
heck of a lot better looking chart than something like ADVP. The
fundamentals are excellent. the only things keeping me away from it are it
appears to be at the upper end of reasonable valuation and it's already got
a lot of attention with 36% ownership from funds and banks. As a short
prospect I'd also stay away from it. Not brave enough yet to fight the
momentum players on a stock with as strong as fundamentals as this one has.
And not smart enough to know when and if for sure it's going to turn down.
Prefer to stick to stocks like EK and DCN, which I'm in, for shorts and I'm
watching GT for another possible short. Their fundies are abysmal and the
stock momentum is definitely in runaway mode in the downward direction.
At 07:45 AM 10/31/01 -0500, you wrote:
>Funny how sometimes these charts looks like optical illusions that look
>different depending on which eye you use!
>
>TARO's chart looks like it formed a head and shoulders top from late June
>(left shoulder at $45) to late July (head at $49) to late August (right
>shoulder at around $44) with a downward sloping neckline. The neckline
>appears to have been broken with the gap down sell off that followed Sep
>11. But, at the end of September, it reversed and returned to the right
>neckline at $35 and paused. One would expect the stock to really fall at
>that point, but it didn't - it has recovered nicely. I've read that when
>a stock traces through a certain bearish formation then suddenly turns
>around instead of falling, that it is extremely bullish. So, we'll have
>to see.
>
>Looking with my other eye, I see a possible inverse head and shoulders
>forming with the left shoulder at $35 in August (same as the above right
>neckline), the head at $27 or so in the trading days following Sep 11, and
>the right shoulder ...well, it is not well formed.
>
>In either case, it is definitely trying to build some type of base off of
>it's incredible run this year. It appears to be forming the right side of
>a cup. From what I understand, the first step of a healthy cup formation
>was breaking out of the downward channel of successive lower lows and
>lower highs that it formed from its July peak to its September low. It
>looks like it did that on Oct 10. It then needs to return to that
>downtrend line or retest the bottom before moving up. It looks like it
>tried that on Oct 18. Either way, it seems to now be making higher lows
>and higher highs, where it should work its way back up to the old high of
>49, then pause to form a handle on lower volume. Again, we'll see.
>
>I know that my "analysis" is inconclusive and vague, but that's how I see
>these charts - it's hard to be definite about anything. And being
>indecisive makes investing difficult. Usually, when I am sure about
>something, the stock will perform the opposite of what I expect! But, I
>thought I'd throw it out there to give some of you a different perspective.
>
>BTW, I agree with Tom (?) who cuts the stock slack for it's spikey bottom
>due to the Sep 11 sell off. But, I also agree with Katherine (?) who has
>the stock on her short list due to poor performance of it's peers.
>
>Oops, there's that indecisiveness again...
>
>Cheers,
>John C.
>>-----Original Message-----
>>From: Katherine Malm [mailto:kmalm@earthlink.net]
>>Sent: Tuesday, October 30, 2001 9:13 PM
>>To: canslim@lists.xmission.com
>>Subject: Re: [CANSLIM] TARO
>>
>>Peter,
>>
>>Agreed 100%. I recently moved TARO to my "Possible Shorts" list. Thanks
>>for the confirming thoughts.
>>
>>Katherine
>><mailto:kmalm@earthlink.net>kmalm@earthlink.net
>>
>>----- Original Message -----
>>From: <mailto:peterc@loxinfo.co.th>Peter Christiansen
>>To: <mailto:canslim@lists.xmission.com>canslim@lists.xmission.com
>>Sent: Tuesday, October 30, 2001 8:04 PM
>>Subject: Re: [CANSLIM] TARO
>>
>>Excellent point Katherine. The industry group weakness is the one black
>>mark I give TARO. In the present environment, and it is a very big black
>>mark. Even if TARO breaks out, I probably won't buy it. Suspect we are
>>in another bear market rally. On the other hand, if it breaks down, I
>>would seriously consider shorting it.
>>
>>Peter
>>
>>At 07:36 PM 10/30/2001 -0600, you wrote:
>>>If I'm ever in doubt about a chart, I'll look at others in the same group.
>>>With TARO, here's its cohorts:
>>>BRL: KO'd (knocked-out)
>>>ADRX: lousy, wide and loose, low RS
>>>WPI: KO'd
>>>MYL: suspect, with gaps down
>>>PRX: suspect, sure looks triple toppy
>>>ALO: lousy, gap down, low RS
>>>IVX: KO'd
>>>
>>>I'd say odds favor TARO taking a trip lower rather than working through
>>>that
>>>handle and breaking out.
>>>
>>>Katherine
>>>----- Original Message -----
>>>From: "Williams, Bob" <robert.c.williams@eds.com>
>>>To: <canslim@lists.xmission.com>
>>>Sent: Tuesday, October 30, 2001 7:20 PM
>>>Subject: RE: [CANSLIM] TARO
>>>
>>>
>>>
>>> > I'm brand new here, and forgive me for blurting out before I've "felt
>>> out"
>>> > the group, but isn't the volume a little high on the handle? It doesn't
>>> > look like volume is "drying up."
>>> >
>>> > Bob Williams
>>> > EDS Systems
>>> > California Medi-Cal
>>> > phone: (916) 861-1861
>>> > fax: (916) 636-1002
>>> > cell: (916) 804-6803
>>> >
>>> >
>>> > > -----Original Message-----
>>> > > From: Spencer48@aol.com [mailto:Spencer48@aol.com]
>>> > > Sent: Tuesday, October 30, 2001 4:54 PM
>>> > > To: canslim@lists.xmission.com
>>> > > Subject: Re: [CANSLIM] TARO
>>> > >
>>> > >
>>> > > In a message dated 10/30/2001 7:08:19 AM Eastern Standard Time,
>>> > > peterc@loxinfo.co.th writes:
>>> > >
>>> > > << In a double bottom, the second bottom should ideally
>>> > > slightly undercut
>>> > > the first. In this instance, I don't think it fits that
>>> > > description. Anyway, double bottoms form handles too.<<
>>> > >
>>> > > Peter:
>>> > >
>>> > > I'm not sure where you're looking, but to me TARO formed
>>> > > a very nice
>>> > > double bottom: The first bottom was in August and the 2nd
>>> > > bottom was in late
>>> > > September. Notice that the 200 stopped the 2nd fall in late
>>> > > September, and
>>> > > also that the 2nd bottom IS below the first bottom.
>>> > > Presently, TARO seems to
>>> > > be making a handle on light volume-after stalling when
>>> > > meeting the same level
>>> > > as the W formation's apex.
>>> > >
>>> > > jans
>>> >
>>> > -
>>> > -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.
>>"The crowd has never thirsted for the truth" - Gustave LeBon
>>- -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email
>>body, write "subscribe canslim" or -"unsubscribe canslim". Do not use
>>quotes in your email.
- --=====================_219041279==_.ALT
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<html>
Just looked at the 52 week weekly chart of TARO. Looks very strong. It
went from around 10 bucks last November to almost 50 bucks in July when
it started it's double bottom base. The volume during the downtrends has
been very low compared to the upward movement. Currently U/D is
1.2. It's a heck of a lot better looking chart than something like
ADVP. The fundamentals are excellent. the only things keeping me away
from it are it appears to be at the upper end of reasonable valuation and
it's already got a lot of attention with 36% ownership from funds and
banks. As a short prospect I'd also stay away from it. Not brave enough
yet to fight the momentum players on a stock with as strong as
fundamentals as this one has. And not smart enough to know when and if
for sure it's going to turn down. Prefer to stick to stocks like EK and
DCN, which I'm in, for shorts and I'm watching GT for another possible
short. Their fundies are abysmal and the stock momentum is definitely in
runaway mode in the downward direction.<br>
<br>
At 07:45 AM 10/31/01 -0500, you wrote:<br>
<font face=3D"arial" size=3D2 color=3D"#0000FF"><blockquote type=3Dcite cite=
>Funny
how sometimes these charts looks like optical illusions that look
different depending on which eye you use!</font><br>
<br>
<font face=3D"arial" size=3D2 color=3D"#0000FF">TARO's chart looks like it
formed a head and shoulders top from late June (left shoulder at $45) to
late July (head at $49) to late August (right shoulder at around $44)
with a downward sloping neckline. The neckline appears to have been
broken with the gap down sell off that followed Sep 11. But, at the
end of September, it reversed and returned to the right neckline at $35
and paused. One would expect the stock to really fall at that
point, but it didn't - it has recovered nicely. I've read that when
a stock traces through a certain bearish formation then suddenly turns
around instead of falling, that it is extremely bullish. So, we'll
have to see.</font><br>
<br>
<font face=3D"arial" size=3D2 color=3D"#0000FF">Looking with my other eye, I
see a possible inverse head and shoulders forming with the left shoulder
at $35 in August (same as the above right neckline), the head at $27 or
so in the trading days following Sep 11, and the right shoulder ...well,
it is not well formed.</font><br>
<br>
<font face=3D"arial" size=3D2 color=3D"#0000FF">In either case, it is
definitely trying to build some type of base off of it's incredible run
this year. It appears to be forming the right side of a cup.
=46rom what I understand, the first step of a healthy cup formation was
breaking out of the downward channel of successive lower lows and lower
highs that it formed from its July peak to its September low.</font>
<font face=3D"arial" size=3D2 color=3D"#0000FF">It looks like it did that on
Oct 10. It then needs to return to that downtrend line or retest
the bottom before moving up. It looks like it tried that on Oct
18. Either way, it seems to now be making higher lows and higher
highs, where it should work its way back up to the old high of 49, then
pause to form a handle on lower volume. Again, we'll
see.</font><br>
<br>
<font face=3D"arial" size=3D2 color=3D"#0000FF">I know that my
"analysis" is inconclusive and vague, but that's how I see
these charts - it's hard to be definite about anything. And being
indecisive makes investing difficult. Usually, when I am sure about
something, the stock will perform the opposite of what I expect!
But, I thought I'd throw it out there to give some of you a different
perspective.</font><br>
<br>
<font face=3D"arial" size=3D2 color=3D"#0000FF">BTW, I agree with Tom (?) wh=
o
cuts the stock slack for it's spikey bottom due to the Sep 11 sell
off. But, I also agree with Katherine (?) who has the stock on her
short list due to poor performance of it's peers.</font><br>
<br>
<font face=3D"arial" size=3D2 color=3D"#0000FF">Oops, there's that
indecisiveness again...</font><br>
<br>
<font face=3D"arial" size=3D2 color=3D"#0000FF">Cheers,</font><br>
John C.<blockquote><font face=3D"tahoma" size=3D2>
<dl>
<dd>-----Original Message-----
<dd>From:</b> Katherine Malm
[<a href=3D"mailto:kmalm@earthlink.net"=
eudora=3D"autourl">mailto:kmalm@earthlink.net</a>]
<dd>Sent:</b> Tuesday, October 30, 2001 9:13 PM
<dd>To:</b> canslim@lists.xmission.com
<dd>Subject:</b> Re: [CANSLIM] TARO<br>
<br>
</font><font face=3D"arial" size=3D2>
<dd>Peter,</font>
<dd> <font face=3D"arial" size=3D2>
<dd>Agreed 100%. I recently moved TARO to my "Possible Shorts"
list. Thanks for the confirming thoughts.</font>
<dd> <font face=3D"arial" size=3D2>
<dd>Katherine</font>
<dd><a href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</a>
<dd>
<dd>----- Original Message -----=20
<dd>From:</b> <a href=3D"mailto:peterc@loxinfo.co.th">Peter
Christiansen</a>=20
<dd>To:</b>
<a href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
=20
<dd>Sent:</b> Tuesday, October 30, 2001 8:04 PM
<dd>Subject:</b> Re: [CANSLIM] TARO<br>
<br>
<dd>Excellent point Katherine. The industry group weakness is the one=
black mark I give TARO. In the present environment, and it is a very=
big </b>black mark. Even if TARO breaks out, I probably won't buy it.=
Suspect we are in another bear market rally. On the other hand, if it=
breaks down, I would seriously consider shorting it.<br>
<br>
<dd>Peter<br>
<br>
<dd>At 07:36 PM 10/30/2001 -0600, you wrote:<blockquote type=3Dcite cite>
<dd>If I'm ever in doubt about a chart, I'll look at others in the same=
group.
<dd>With TARO, here's its cohorts:
<dd>BRL: KO'd (knocked-out)
<dd>ADRX: lousy, wide and loose, low RS
<dd>WPI: KO'd
<dd>MYL: suspect, with gaps down
<dd>PRX: suspect, sure looks triple toppy
<dd>ALO: lousy, gap down, low RS
<dd>IVX: KO'd<br>
<br>
<dd>I'd say odds favor TARO taking a trip lower rather than working through=
that
<dd>handle and breaking out.<br>
<br>
<dd>Katherine
<dd>----- Original Message -----
<dd>From: "Williams, Bob" <robert.c.williams@eds.com>
<dd>To: <canslim@lists.xmission.com>
<dd>Sent: Tuesday, October 30, 2001 7:20 PM
<dd>Subject: RE: [CANSLIM] TARO<br>
<br>
<br>
<br>
<dd>> I'm brand new here, and forgive me for blurting out before I've=
"felt out"
<dd>> the group, but isn't the volume a little high on the handle? =
It doesn't
<dd>> look like volume is "drying up."
<dd>>
<dd>> Bob Williams
<dd>> EDS Systems
<dd>> California Medi-Cal
<dd>> phone: (916) 861-1861
<dd>> fax: (916) 636-1002
<dd>> cell: (916) 804-6803
<dd>>
<dd>>
<dd>> > -----Original Message-----
<dd>> > From: Spencer48@aol.com [<a href=3D"mailto:Spencer48@aol.com"=
eudora=3D"autourl">mailto:Spencer48@aol.com</a>]
<dd>> > Sent: Tuesday, October 30, 2001 4:54 PM
<dd>> > To: canslim@lists.xmission.com
<dd>> > Subject: Re: [CANSLIM] TARO
<dd>> >
<dd>> >
<dd>> > In a message dated 10/30/2001 7:08:19 AM Eastern Standard=
Time,
<dd>> > peterc@loxinfo.co.th writes:
<dd>> >
<dd>> > << In a double bottom, the second bottom should ideally
<dd>> > slightly undercut
<dd>> > the first. In this instance, I don't think it fits=
that
<dd>> > description. Anyway, double bottoms form handles=
too.<<
<dd>> >
<dd>> > Peter:
<dd>> >
<dd>> > I'm not sure where you're=
looking, but to me TARO formed
<dd>> > a very nice
<dd>> > double bottom: The first bottom was in August and the=
2nd
<dd>> > bottom was in late
<dd>> > September. Notice that the 200 stopped the 2nd fall in=
late
<dd>> > September, and
<dd>> > also that the 2nd bottom IS below the first bottom.
<dd>> > Presently, TARO seems to
<dd>> > be making a handle on light volume-after stalling when
<dd>> > meeting the same level
<dd>> > as the W formation's apex.
<dd>> >
<dd>> > jans
<dd>>
<dd>> -
<dd>> -To subscribe/unsubscribe, email "majordomo@xmission.com"
<dd>> -In the email body, write "subscribe canslim" or
<dd>> -"unsubscribe canslim". Do not use quotes in your=
email.<br>
<br>
<br>
<br>
<dd>-
<dd>-To subscribe/unsubscribe, email "majordomo@xmission.com"
<dd>-In the email body, write "subscribe canslim" or
<dd>-"unsubscribe canslim". Do not use quotes in your=
email.</blockquote>
<dd>"The crowd has never thirsted for the truth" - Gustave LeBon
<dd>- -To subscribe/unsubscribe, email "majordomo@xmission.com"=
-In the email body, write "subscribe canslim" or=
-"unsubscribe canslim". Do not use quotes in your email.
</dl></blockquote></html>
- --=====================_219041279==_.ALT--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 31 Oct 2001 08:10:45 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Tech Analysis notes on TARO
This is a multi-part message in MIME format.
- ------=_NextPart_000_0057_01C161E3.8B5A35A0
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charset="iso-8859-1"
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Thanks, John, appreciate the different view. I had not seen the head & =
shoulders, and its inverse, until you pointed it out. That's what I love =
about the stock market, the "indecisiveness", you are really on your own =
unless you cop out and buy mutual funds, and leave the worry factor up =
to the fund manager.
Either way, it seems we all appear to see the formation as incomplete at =
this time, but maybe worth watching. That right shoulder off the inverse =
h&s, or handle of the cup, needs to decide what it's going to do.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Cefaloni, John L Jr. [AMSTA-AR-WEA]=20
To: 'canslim@lists.xmission.com'=20
Sent: Wednesday, October 31, 2001 7:45 AM
Subject: [CANSLIM] Tech Analysis notes on TARO
Funny how sometimes these charts looks like optical illusions that =
look different depending on which eye you use!
=20
TARO's chart looks like it formed a head and shoulders top from late =
June (left shoulder at $45) to late July (head at $49) to late August =
(right shoulder at around $44) with a downward sloping neckline. The =
neckline appears to have been broken with the gap down sell off that =
followed Sep 11. But, at the end of September, it reversed and returned =
to the right neckline at $35 and paused. One would expect the stock to =
really fall at that point, but it didn't - it has recovered nicely. =
I've read that when a stock traces through a certain bearish formation =
then suddenly turns around instead of falling, that it is extremely =
bullish. So, we'll have to see.
=20
Looking with my other eye, I see a possible inverse head and shoulders =
forming with the left shoulder at $35 in August (same as the above right =
neckline), the head at $27 or so in the trading days following Sep 11, =
and the right shoulder ...well, it is not well formed.
=20
In either case, it is definitely trying to build some type of base off =
of it's incredible run this year. It appears to be forming the right =
side of a cup. From what I understand, the first step of a healthy cup =
formation was breaking out of the downward channel of successive lower =
lows and lower highs that it formed from its July peak to its September =
low. It looks like it did that on Oct 10. It then needs to return to =
that downtrend line or retest the bottom before moving up. It looks =
like it tried that on Oct 18. Either way, it seems to now be making =
higher lows and higher highs, where it should work its way back up to =
the old high of 49, then pause to form a handle on lower volume. Again, =
we'll see.
=20
I know that my "analysis" is inconclusive and vague, but that's how I =
see these charts - it's hard to be definite about anything. And being =
indecisive makes investing difficult. Usually, when I am sure about =
something, the stock will perform the opposite of what I expect! But, I =
thought I'd throw it out there to give some of you a different =
perspective.
=20
BTW, I agree with Tom (?) who cuts the stock slack for it's spikey =
bottom due to the Sep 11 sell off. But, I also agree with Katherine (?) =
who has the stock on her short list due to poor performance of it's =
peers.
=20
Oops, there's that indecisiveness again...
=20
Cheers,
John C.
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Tuesday, October 30, 2001 9:13 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] TARO
Peter,
=20
Agreed 100%. I recently moved TARO to my "Possible Shorts" list. =
Thanks for the confirming thoughts.
=20
Katherine
kmalm@earthlink.net
=20
----- Original Message -----=20
From: Peter Christiansen=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, October 30, 2001 8:04 PM
Subject: Re: [CANSLIM] TARO
Excellent point Katherine. The industry group weakness is the one =
black mark I give TARO. In the present environment, and it is a very =
big black mark. Even if TARO breaks out, I probably won't buy it. =
Suspect we are in another bear market rally. On the other hand, if it =
breaks down, I would seriously consider shorting it.
Peter
At 07:36 PM 10/30/2001 -0600, you wrote:
If I'm ever in doubt about a chart, I'll look at others in the =
same group.
With TARO, here's its cohorts:
BRL: KO'd (knocked-out)
ADRX: lousy, wide and loose, low RS
WPI: KO'd
MYL: suspect, with gaps down
PRX: suspect, sure looks triple toppy
ALO: lousy, gap down, low RS
IVX: KO'd
I'd say odds favor TARO taking a trip lower rather than working =
through that
handle and breaking out.
Katherine
----- Original Message -----
From: "Williams, Bob" <robert.c.williams@eds.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, October 30, 2001 7:20 PM
Subject: RE: [CANSLIM] TARO
> I'm brand new here, and forgive me for blurting out before =
I've "felt out"
> the group, but isn't the volume a little high on the handle? =
It doesn't
> look like volume is "drying up."
>
> Bob Williams
> EDS Systems
> California Medi-Cal
> phone: (916) 861-1861
> fax: (916) 636-1002
> cell: (916) 804-6803
>
>
> > -----Original Message-----
> > From: Spencer48@aol.com [mailto:Spencer48@aol.com]
> > Sent: Tuesday, October 30, 2001 4:54 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] TARO
> >
> >
> > In a message dated 10/30/2001 7:08:19 AM Eastern Standard =
Time,
> > peterc@loxinfo.co.th writes:
> >
> > << In a double bottom, the second bottom should ideally
> > slightly undercut
> > the first. In this instance, I don't think it fits that
> > description. Anyway, double bottoms form handles too.<<
> >
> > Peter:
> >
> > I'm not sure where you're looking, but to me TARO =
formed
> > a very nice
> > double bottom: The first bottom was in August and the 2nd
> > bottom was in late
> > September. Notice that the 200 stopped the 2nd fall in late
> > September, and
> > also that the 2nd bottom IS below the first bottom.
> > Presently, TARO seems to
> > be making a handle on light volume-after stalling when
> > meeting the same level
> > as the W formation's apex.
> >
> > jans
>
> -
> -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.
"The crowd has never thirsted for the truth" - Gustave LeBon
- -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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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content=3D"text/html; charset=3Diso-8859-1" =
http-equiv=3DContent-Type>
<META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>Thanks, John, appreciate the different view. I had =
not seen=20
the head & shoulders, and its inverse, until you pointed it out. =
That's what=20
I love about the stock market, the "indecisiveness", you are really on =
your own=20
unless you cop out and buy mutual funds, and leave the worry factor up =
to the=20
fund manager.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Either way, it seems we all appear to see the =
formation as=20
incomplete at this time, but maybe worth watching. That right shoulder =
off the=20
inverse h&s, or handle of the cup, needs to decide what it's going =
to=20
do.</FONT></DIV>
<DIV> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley<BR></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: =
0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A href=3D"mailto:cefaloni@pica.army.mil" =
title=3Dcefaloni@pica.army.mil>Cefaloni,=20
John L Jr. [AMSTA-AR-WEA]</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:'canslim@lists.xmission.com'"=20
title=3Dcanslim@lists.xmission.com>'canslim@lists.xmission.com'</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, October 31, =
2001 7:45=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Tech =
Analysis notes on=20
TARO</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2>Funny how sometimes these charts looks like optical =
illusions that=20
look different depending on which eye you use!</FONT></SPAN></DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2>TARO's chart looks like it formed a head and shoulders top =
from late=20
June (left shoulder at $45) to late July (head at $49) to late August =
(right=20
shoulder at around $44) with a downward sloping neckline. The =
neckline=20
appears to have been broken with the gap down sell off that followed =
Sep=20
11. But, at the end of September, it reversed and returned to =
the right=20
neckline at $35 and paused. One would expect the stock to really =
fall at=20
that point, but it didn't - it has recovered nicely. I've read =
that when=20
a stock traces through a certain bearish formation then suddenly turns =
around=20
instead of falling, that it is extremely bullish. So, we'll have =
to=20
see.</FONT></SPAN></DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2>Looking with my other eye, I see a possible inverse head and =
shoulders=20
forming with the left shoulder at $35 in August (same as the =
above right=20
neckline), the head at $27 or so in the trading days following =
Sep 11,=20
and the right shoulder ...well, it is not well =
formed.</FONT></SPAN></DIV>
<DIV><SPAN class=3D440551112-31102001></SPAN> </DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial size=3D2>In=20
either case, it is definitely trying to build some type of base off of =
it's=20
incredible run this year. It appears to be forming the right =
side of a=20
cup. From what I understand, the first step of a healthy cup =
formation=20
was breaking out of the downward channel of successive lower lows and =
lower=20
highs that it formed from its July peak to its September=20
low.</FONT> <FONT color=3D#0000ff face=3DArial size=3D2>It looks =
like it did=20
that on Oct 10. It then needs to return to that downtrend line =
or retest=20
the bottom before moving up. It looks like it tried that on Oct=20
18. Either way, it seems to now be making higher lows and higher =
highs,=20
where it should work its way back up to the old high of 49, then pause =
to form=20
a handle on lower volume. Again, we'll see.</FONT></SPAN></DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial size=3D2>I=20
know that my "analysis" is inconclusive and vague, but that's how I =
see these=20
charts - it's hard to be definite about anything. And being =
indecisive=20
makes investing difficult. Usually, when I am sure about =
something, the=20
stock will perform the opposite of what I expect! But, I =
thought=20
I'd throw it out there to give some of you a different=20
perspective.</FONT></SPAN></DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial size=3D2>BTW,=20
I agree with Tom (?) who cuts the stock slack for it's spikey bottom =
due to=20
the Sep 11 sell off. But, I also agree with Katherine (?) who =
has the=20
stock on her short list due to poor performance of it's=20
peers.</FONT></SPAN></DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2>Oops, there's that indecisiveness =
again...</FONT></SPAN></DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial=20
size=3D2>Cheers,</FONT></SPAN></DIV>
<DIV><SPAN class=3D440551112-31102001><FONT color=3D#0000ff =
face=3DArial size=3D2>John=20
C.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV align=3Dleft class=3DOutlookMessageHeader dir=3Dltr><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Tuesday, October 30, =
2001 9:13=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
TARO<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Peter,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Agreed 100%. I recently moved TARO =
to my=20
"Possible Shorts" list. Thanks for the=20
confirming thoughts.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Katherine</FONT></DIV>
<DIV><FONT face=3DArial size=3D2><A=20
=
href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A></FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; =
MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A href=3D"mailto:peterc@loxinfo.co.th" =
title=3Dpeterc@loxinfo.co.th>Peter=20
Christiansen</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:canslim@lists.xmission.com"=20
title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, October 30, =
2001 8:04=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TARO</DIV>
<DIV><BR></DIV>Excellent point Katherine. The industry group =
weakness is the one black mark I give TARO. In the present=20
environment, and it is a very <B>big </B>black mark. Even if =
TARO=20
breaks out, I probably won't buy it. Suspect we are in another =
bear market=20
rally. On the other hand, if it breaks down, I would =
seriously=20
consider shorting it.<BR><BR>Peter<BR><BR>At 07:36 PM 10/30/2001 =
- -0600,=20
you wrote:<BR>
<BLOCKQUOTE class=3Dcite cite type=3D"cite">If I'm ever in doubt =
about a=20
chart, I'll look at others in the same group.<BR>With TARO, =
here's its=20
cohorts:<BR>BRL: KO'd (knocked-out)<BR>ADRX: lousy, wide and =
loose, low=20
RS<BR>WPI: KO'd<BR>MYL: suspect, with gaps down<BR>PRX: suspect, =
sure=20
looks triple toppy<BR>ALO: lousy, gap down, low RS<BR>IVX:=20
KO'd<BR><BR>I'd say odds favor TARO taking a trip lower rather =
than=20
working through that<BR>handle and breaking=20
out.<BR><BR>Katherine<BR>----- Original Message -----<BR>From:=20
"Williams, Bob" <robert.c.williams@eds.com><BR>To:=20
<canslim@lists.xmission.com><BR>Sent: Tuesday, October 30, =
2001=20
7:20 PM<BR>Subject: RE: [CANSLIM] TARO<BR><BR><BR>> I'm brand =
new=20
here, and forgive me for blurting out before I've "felt =
out"<BR>> the=20
group, but isn't the volume a little high on the handle? =
It=20
doesn't<BR>> look like volume is "drying up."<BR>><BR>> =
Bob=20
Williams<BR>> EDS Systems<BR>> California Medi-Cal<BR>> =
phone:=20
(916) 861-1861<BR>> fax: (916) 636-1002<BR>> cell: (916)=20
804-6803<BR>><BR>><BR>> > -----Original =
Message-----<BR>>=20
> From: Spencer48@aol.com [<A =
href=3D"mailto:Spencer48@aol.com"=20
eudora=3D"autourl">mailto:Spencer48@aol.com</A>]<BR>> > =
Sent:=20
Tuesday, October 30, 2001 4:54 PM<BR>> > To:=20
canslim@lists.xmission.com<BR>> > Subject: Re: [CANSLIM]=20
TARO<BR>> ><BR>> ><BR>> > In a message dated=20
10/30/2001 7:08:19 AM Eastern Standard Time,<BR>> >=20
peterc@loxinfo.co.th writes:<BR>> ><BR>> > << =
In a=20
double bottom, the second bottom should ideally<BR>> > =
slightly=20
undercut<BR>> > the first. In this instance, I =
don't=20
think it fits that<BR>> > description. Anyway, =
double=20
bottoms form handles too.<<<BR>> ><BR>> >=20
Peter:<BR>> ><BR>> > =
I'm not=20
sure where you're looking, but to me TARO formed<BR>> > a =
very=20
nice<BR>> > double bottom: The first bottom was in =
August=20
and the 2nd<BR>> > bottom was in late<BR>> >=20
September. Notice that the 200 stopped the 2nd fall in=20
late<BR>> > September, and<BR>> > also that the 2nd =
bottom=20
IS below the first bottom.<BR>> > Presently, TARO seems =
to<BR>>=20
> be making a handle on light volume-after stalling =
when<BR>> >=20
meeting the same level<BR>> > as the W formation's =
apex.<BR>>=20
><BR>> > jans<BR>><BR>> -<BR>> -To=20
subscribe/unsubscribe, email "majordomo@xmission.com"<BR>> =
- -In the=20
email body, write "subscribe canslim" or<BR>> -"unsubscribe=20
canslim". Do not use quotes in your =
email.<BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the =
email=20
body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your email.</BLOCKQUOTE><X-SIGSEP>
<P></X-SIGSEP>"The crowd has never thirsted for the truth" - =
Gustave=20
LeBon<BR>- -To subscribe/unsubscribe, email =
"majordomo@xmission.com" -In=20
the email body, write "subscribe canslim" or -"unsubscribe =
canslim". Do=20
not use quotes in your=20
email.</P></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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