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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #2015
Reply-To: canslim
Sender: owner-canslim-digest@lists.xmission.com
Errors-To: owner-canslim-digest@lists.xmission.com
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X-No-Archive: yes
canslim-digest Wednesday, January 9 2002 Volume 02 : Number 2015
In this issue:
Re: [CANSLIM] TASR
AW: [CANSLIM] DFXI
Re: [CANSLIM] TASR
Re: [CANSLIM] TASR
Re: [CANSLIM] TASR
RE: [CANSLIM] DFXI
RE: [CANSLIM] Bulkowski re: patterns besides C&H
----------------------------------------------------------------------
Date: Wed, 9 Jan 2002 08:06:47 -0600
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] TASR
This is a multi-part message in MIME format.
- ------=_NextPart_000_0009_01C198E4.95D34160
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Nice catch, Tom. It shows the value of knowing the underlying stock and =
catching it on good pullbacks. In your analysis, would it bother you =
that they have several quarters of negative EPS? I also show a forward =
growth rate of -2%. Because of this, a stock like TASR would run below =
my radar. What's your take on forward growth? I suppose if they were =
awarded any substantial contracts, etc., their forward story would be =
different than the current analysis would suggest.
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 7:46 AM
Subject: [CANSLIM] TASR
Taser is currently crossed market in pre-market trading after heavy =
volume and a 13% gain yesterday. Currently trading 16.75, up nearly 15% =
more. Obviously way too extended to buy, but if you were as lucky as me =
to buy more at yesterday's low, looks like a volatile and hopefully nice =
ride today on a likely gap up on the open.
Tom Worley
stkguru@netside.net
AIM: TexWorley
- ------=_NextPart_000_0009_01C198E4.95D34160
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<META http-equiv=3DContent-Type content=3D"text/html; =
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<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Nice catch, Tom. It shows the value of knowing the underlying stock =
and=20
catching it on good pullbacks. In your analysis, would it bother you =
that they=20
have several quarters of negative EPS? I also show a forward growth rate =
of -2%.=20
Because of this, a stock like TASR would run below my radar. What's your =
take on=20
forward growth? I suppose if they were awarded any substantial =
contracts, etc.,=20
their forward story would be different than the current analysis would=20
suggest.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@netside.net href=3D"mailto:stkguru@netside.net">Tom =
Worley</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 7:46=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] TASR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Taser is currently crossed market in =
pre-market trading=20
after heavy volume and a 13% gain yesterday. Currently trading 16.75, =
up=20
nearly 15% more. Obviously way too extended to buy, but if you were as =
lucky=20
as me to buy more at yesterday's low, looks like a volatile and =
hopefully nice=20
ride today on a likely gap up on the open.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</FONT></DIV></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0009_01C198E4.95D34160--
- -
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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 9 Jan 2002 15:39:16 +0100
From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] DFXI
Breaks out right now, lets see if it holds up ...
> -----Ursprungliche Nachricht-----
> Von: Mike Gibbons [SMTP:mikegibbons@proactech.com]
> Gesendet am: Tuesday, January 08, 2002 11:43 PM
> An: canslim@lists.xmission.com
> Betreff: RE: [CANSLIM] DFXI
>
> Yes it did but fell back below it's high of the day. Also, action in the
> handle has been sloppy - one normally hopes to see price pullback on falling
> volume but in fact it's made a couple of attempts to BO on above average
> volume since forming the pivot on 12/10. I wouldn't rush in with an
> overnight order!
>
> Mike Gibbons
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave
> Sent: Tuesday, January 08, 2002 11:39 AM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] DFXI
>
> DFXI made a late day surge today and may be on the verge of breaking out.
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 9 Jan 2002 09:39:46 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] TASR
This is a multi-part message in MIME format.
- ------=_NextPart_000_0054_01C198F1.92D5F400
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Hi Katherine,
TASR is a good example of where my propensity for fundamentals pays off =
when used in combination with CANSLIM. I liked the story of Taser, I =
knew the product (non lethal weapon, electrical). I held off initially =
because their sales were so low, and they were yet to be profitable (one =
of my basic requirements). But after 9/11, when I saw the airlines =
talking to the company (and over 1,000 police departments were already =
testing or using their tasers), I saw the immediate value of their =
product, and the likelihood of FAA approval (expected now later this =
month).=20
United Airlines already contracted with them for about 1,000 units (at =
about $600 each, doesn't sound like much but a big percentage of =
quarterly sales, and they have inventory for immediate delivery, so =
should be in Q4 results. Two other airlines also contracted with them, =
and several others are talking to them, but waiting on FAA approval of =
non-lethal weapons in the cockpit.
Now they also announce that they are introducing a "home consumer" stun =
gun, lower powered than the police version. Opens up another piece of =
the marketing pie. Less than 30 minutes into today's open, it already up =
over 21% on over 4X ADV, I'm smiling.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 9:06 AM
Subject: Re: [CANSLIM] TASR
Nice catch, Tom. It shows the value of knowing the underlying stock =
and catching it on good pullbacks. In your analysis, would it bother you =
that they have several quarters of negative EPS? I also show a forward =
growth rate of -2%. Because of this, a stock like TASR would run below =
my radar. What's your take on forward growth? I suppose if they were =
awarded any substantial contracts, etc., their forward story would be =
different than the current analysis would suggest.
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 7:46 AM
Subject: [CANSLIM] TASR
Taser is currently crossed market in pre-market trading after heavy =
volume and a 13% gain yesterday. Currently trading 16.75, up nearly 15% =
more. Obviously way too extended to buy, but if you were as lucky as me =
to buy more at yesterday's low, looks like a volatile and hopefully nice =
ride today on a likely gap up on the open.
Tom Worley
stkguru@netside.net
AIM: TexWorley
- ------=_NextPart_000_0054_01C198F1.92D5F400
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2712.300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>Hi Katherine,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>TASR is a good example of where my propensity =
for=20
fundamentals pays off when used in combination with CANSLIM. I liked the =
story=20
of Taser, I knew the product (non lethal weapon, electrical). I held off =
initially because their sales were so low, and they were yet to be =
profitable=20
(one of my basic requirements). But after 9/11, when I saw the airlines =
talking=20
to the company (and over 1,000 police departments were already testing =
or using=20
their tasers), I saw the immediate value of their product, and the =
likelihood of=20
FAA approval (expected now later this month). </FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>United Airlines already contracted with them for =
about=20
1,000 units (at about $600 each, doesn't sound like much but a big =
percentage of=20
quarterly sales, and they have inventory for immediate delivery, so =
should be in=20
Q4 results. Two other airlines also contracted with them, and several =
others are=20
talking to them, but waiting on FAA approval of non-lethal weapons in =
the=20
cockpit.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Now they also announce that they are introducing =
a "home=20
consumer" stun gun, lower powered than the police version. Opens up =
another=20
piece of the marketing pie. Less than 30 minutes into today's open, it =
already=20
up over 21% on over 4X ADV, I'm smiling.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 9:06=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
<DIV><BR></DIV>
<DIV>Nice catch, Tom. It shows the value of knowing the underlying =
stock and=20
catching it on good pullbacks. In your analysis, would it bother you =
that they=20
have several quarters of negative EPS? I also show a forward growth =
rate of=20
-2%. Because of this, a stock like TASR would run below my radar. =
What's your=20
take on forward growth? I suppose if they were awarded any substantial =
contracts, etc., their forward story would be different than the =
current=20
analysis would suggest.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 7:46=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] TASR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Taser is currently crossed market in =
pre-market=20
trading after heavy volume and a 13% gain yesterday. Currently =
trading=20
16.75, up nearly 15% more. Obviously way too extended to buy, but if =
you=20
were as lucky as me to buy more at yesterday's low, looks like a =
volatile=20
and hopefully nice ride today on a likely gap up on the =
open.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0054_01C198F1.92D5F400--
- -
- -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, 9 Jan 2002 09:08:55 -0600
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] TASR
This is a multi-part message in MIME format.
- ------=_NextPart_000_002F_01C198ED.43F538E0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Three thoughts, Tom.
First, whether or not you play this as "pure" CANSLIM, I think your =
analysis shows how important underlying fundamental due diligence is =
when assessing the quality of a stock/company. The longer the expected =
holding period, the more important this becomes.
Second...excellent pick!
Third...darn....are we going to have to worry about random people =
tasering us in a crowded mall?
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 8:39 AM
Subject: Re: [CANSLIM] TASR
Hi Katherine,
TASR is a good example of where my propensity for fundamentals pays =
off when used in combination with CANSLIM. I liked the story of Taser, I =
knew the product (non lethal weapon, electrical). I held off initially =
because their sales were so low, and they were yet to be profitable (one =
of my basic requirements). But after 9/11, when I saw the airlines =
talking to the company (and over 1,000 police departments were already =
testing or using their tasers), I saw the immediate value of their =
product, and the likelihood of FAA approval (expected now later this =
month).=20
United Airlines already contracted with them for about 1,000 units (at =
about $600 each, doesn't sound like much but a big percentage of =
quarterly sales, and they have inventory for immediate delivery, so =
should be in Q4 results. Two other airlines also contracted with them, =
and several others are talking to them, but waiting on FAA approval of =
non-lethal weapons in the cockpit.
Now they also announce that they are introducing a "home consumer" =
stun gun, lower powered than the police version. Opens up another piece =
of the marketing pie. Less than 30 minutes into today's open, it already =
up over 21% on over 4X ADV, I'm smiling.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 9:06 AM
Subject: Re: [CANSLIM] TASR
Nice catch, Tom. It shows the value of knowing the underlying stock =
and catching it on good pullbacks. In your analysis, would it bother you =
that they have several quarters of negative EPS? I also show a forward =
growth rate of -2%. Because of this, a stock like TASR would run below =
my radar. What's your take on forward growth? I suppose if they were =
awarded any substantial contracts, etc., their forward story would be =
different than the current analysis would suggest.
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 7:46 AM
Subject: [CANSLIM] TASR
Taser is currently crossed market in pre-market trading after =
heavy volume and a 13% gain yesterday. Currently trading 16.75, up =
nearly 15% more. Obviously way too extended to buy, but if you were as =
lucky as me to buy more at yesterday's low, looks like a volatile and =
hopefully nice ride today on a likely gap up on the open.
Tom Worley
stkguru@netside.net
AIM: TexWorley
- ------=_NextPart_000_002F_01C198ED.43F538E0
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4611.1300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Three thoughts, Tom.</DIV>
<DIV> </DIV>
<DIV>First, whether or not you play this as "pure" CANSLIM, I think your =
analysis shows how important underlying fundamental due diligence is =
when=20
assessing the quality of a stock/company. The longer the expected =
holding=20
period, the more important this becomes.</DIV>
<DIV> </DIV>
<DIV>Second...excellent pick!</DIV>
<DIV> </DIV>
<DIV>Third...darn....are we going to have to worry about random people =
tasering=20
us in a crowded mall?</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@netside.net href=3D"mailto:stkguru@netside.net">Tom =
Worley</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 8:39=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Hi Katherine,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>TASR is a good example of where my propensity =
for=20
fundamentals pays off when used in combination with CANSLIM. I liked =
the story=20
of Taser, I knew the product (non lethal weapon, electrical). I held =
off=20
initially because their sales were so low, and they were yet to be =
profitable=20
(one of my basic requirements). But after 9/11, when I saw the =
airlines=20
talking to the company (and over 1,000 police departments were already =
testing=20
or using their tasers), I saw the immediate value of their product, =
and the=20
likelihood of FAA approval (expected now later this month). =
</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>United Airlines already contracted with them =
for about=20
1,000 units (at about $600 each, doesn't sound like much but a big =
percentage=20
of quarterly sales, and they have inventory for immediate delivery, so =
should=20
be in Q4 results. Two other airlines also contracted with them, and =
several=20
others are talking to them, but waiting on FAA approval of non-lethal =
weapons=20
in the cockpit.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Now they also announce that they are =
introducing a "home=20
consumer" stun gun, lower powered than the police version. Opens up =
another=20
piece of the marketing pie. Less than 30 minutes into today's open, it =
already=20
up over 21% on over 4X ADV, I'm smiling.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 9:06=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
<DIV><BR></DIV>
<DIV>Nice catch, Tom. It shows the value of knowing the underlying =
stock and=20
catching it on good pullbacks. In your analysis, would it bother you =
that=20
they have several quarters of negative EPS? I also show a forward =
growth=20
rate of -2%. Because of this, a stock like TASR would run below my =
radar.=20
What's your take on forward growth? I suppose if they were awarded =
any=20
substantial contracts, etc., their forward story would be different =
than the=20
current analysis would suggest.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January =
09, 2002=20
7:46 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
TASR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Taser is currently crossed market in =
pre-market=20
trading after heavy volume and a 13% gain yesterday. Currently =
trading=20
16.75, up nearly 15% more. Obviously way too extended to buy, but =
if you=20
were as lucky as me to buy more at yesterday's low, looks like a =
volatile=20
and hopefully nice ride today on a likely gap up on the =
open.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
=
TexWorley</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTM=
L>
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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 9 Jan 2002 09:55:15 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] TASR
This is a multi-part message in MIME format.
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Hi Katherine,
On your third point, only if you seem threatening, and at least it's non =
lethal.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 10:08 AM
Subject: Re: [CANSLIM] TASR
Three thoughts, Tom.
First, whether or not you play this as "pure" CANSLIM, I think your =
analysis shows how important underlying fundamental due diligence is =
when assessing the quality of a stock/company. The longer the expected =
holding period, the more important this becomes.
Second...excellent pick!
Third...darn....are we going to have to worry about random people =
tasering us in a crowded mall?
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 8:39 AM
Subject: Re: [CANSLIM] TASR
Hi Katherine,
TASR is a good example of where my propensity for fundamentals pays =
off when used in combination with CANSLIM. I liked the story of Taser, I =
knew the product (non lethal weapon, electrical). I held off initially =
because their sales were so low, and they were yet to be profitable (one =
of my basic requirements). But after 9/11, when I saw the airlines =
talking to the company (and over 1,000 police departments were already =
testing or using their tasers), I saw the immediate value of their =
product, and the likelihood of FAA approval (expected now later this =
month).=20
United Airlines already contracted with them for about 1,000 units =
(at about $600 each, doesn't sound like much but a big percentage of =
quarterly sales, and they have inventory for immediate delivery, so =
should be in Q4 results. Two other airlines also contracted with them, =
and several others are talking to them, but waiting on FAA approval of =
non-lethal weapons in the cockpit.
Now they also announce that they are introducing a "home consumer" =
stun gun, lower powered than the police version. Opens up another piece =
of the marketing pie. Less than 30 minutes into today's open, it already =
up over 21% on over 4X ADV, I'm smiling.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 9:06 AM
Subject: Re: [CANSLIM] TASR
Nice catch, Tom. It shows the value of knowing the underlying =
stock and catching it on good pullbacks. In your analysis, would it =
bother you that they have several quarters of negative EPS? I also show =
a forward growth rate of -2%. Because of this, a stock like TASR would =
run below my radar. What's your take on forward growth? I suppose if =
they were awarded any substantial contracts, etc., their forward story =
would be different than the current analysis would suggest.
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 09, 2002 7:46 AM
Subject: [CANSLIM] TASR
Taser is currently crossed market in pre-market trading after =
heavy volume and a 13% gain yesterday. Currently trading 16.75, up =
nearly 15% more. Obviously way too extended to buy, but if you were as =
lucky as me to buy more at yesterday's low, looks like a volatile and =
hopefully nice ride today on a likely gap up on the open.
Tom Worley
stkguru@netside.net
AIM: TexWorley
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<META http-equiv=3DContent-Type content=3D"text/html; =
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>Hi Katherine,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>On your third point, only if you seem =
threatening, and at=20
least it's non lethal.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 10:08=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
<DIV><BR></DIV>
<DIV>Three thoughts, Tom.</DIV>
<DIV> </DIV>
<DIV>First, whether or not you play this as "pure" CANSLIM, I think =
your=20
analysis shows how important underlying fundamental due diligence is =
when=20
assessing the quality of a stock/company. The longer the expected =
holding=20
period, the more important this becomes.</DIV>
<DIV> </DIV>
<DIV>Second...excellent pick!</DIV>
<DIV> </DIV>
<DIV>Third...darn....are we going to have to worry about random people =
tasering us in a crowded mall?</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 8:39=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Hi Katherine,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>TASR is a good example of where my =
propensity for=20
fundamentals pays off when used in combination with CANSLIM. I liked =
the=20
story of Taser, I knew the product (non lethal weapon, electrical). =
I held=20
off initially because their sales were so low, and they were yet to =
be=20
profitable (one of my basic requirements). But after 9/11, when I =
saw the=20
airlines talking to the company (and over 1,000 police departments =
were=20
already testing or using their tasers), I saw the immediate value of =
their=20
product, and the likelihood of FAA approval (expected now later this =
month).=20
</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>United Airlines already contracted with them =
for about=20
1,000 units (at about $600 each, doesn't sound like much but a big=20
percentage of quarterly sales, and they have inventory for immediate =
delivery, so should be in Q4 results. Two other airlines also =
contracted=20
with them, and several others are talking to them, but waiting on =
FAA=20
approval of non-lethal weapons in the cockpit.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Now they also announce that they are =
introducing a=20
"home consumer" stun gun, lower powered than the police version. =
Opens up=20
another piece of the marketing pie. Less than 30 minutes into =
today's open,=20
it already up over 21% on over 4X ADV, I'm smiling.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January =
09, 2002=20
9:06 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TASR</DIV>
<DIV><BR></DIV>
<DIV>Nice catch, Tom. It shows the value of knowing the underlying =
stock=20
and catching it on good pullbacks. In your analysis, would it =
bother you=20
that they have several quarters of negative EPS? I also show a =
forward=20
growth rate of -2%. Because of this, a stock like TASR would run =
below my=20
radar. What's your take on forward growth? I suppose if they were =
awarded=20
any substantial contracts, etc., their forward story would be =
different=20
than the current analysis would suggest.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January =
09, 2002=20
7:46 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
TASR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Taser is currently crossed market in =
pre-market=20
trading after heavy volume and a 13% gain yesterday. Currently =
trading=20
16.75, up nearly 15% more. Obviously way too extended to buy, =
but if you=20
were as lucky as me to buy more at yesterday's low, looks like a =
volatile and hopefully nice ride today on a likely gap up on the =
open.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
=
TexWorley</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE=
></BODY></HTML>
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------------------------------
Date: Wed, 9 Jan 2002 10:28:40 -0500
From: "Dave" <drubin@i-2000.com>
Subject: RE: [CANSLIM] DFXI
True, the handle was a bit sloppy but for the most part volume in the
handle was below normal. It also made a pretty nice ascending triangle.
As for the action at the end of the day, I think you're reading too much
into it. The stock made a tremendous surge on volume in the last half hour
of trading. It then pulled back on lower volume but didn't undercut that
"intraday breakout point". It then found some new buyers at the very end
of the session.
You can find flaws in any chart formation. I've missed many huge winners
by refusing to buy what I perceived as a flawed handle, or by putting too
much weight on intraday analysis. Even IBD will go on to call "perfect
cup-handle breakouts" on stocks that have somewhat questionable
formations. I won't be surprised to see DFXI mentioned tomorrow as a good
example.
Of course hindsight is 20/20. Nevertheless I'm glad I bought yesterday :)
> > Yes it did but fell back below it's high of the day. Also,
> action in the
> > handle has been sloppy - one normally hopes to see price
> pullback on falling
> > volume but in fact it's made a couple of attempts to BO on
> above average
> > volume since forming the pivot on 12/10. I wouldn't rush in with an
> > overnight order!
> >
> > Mike Gibbons
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------------------------------
Date: Wed, 9 Jan 2002 10:36:05 -0800
From: "Edward McDonough" <emcdonough@rjfs.com>
Subject: RE: [CANSLIM] Bulkowski re: patterns besides C&H
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Tom,
One of the oldest stock books out there talks about this pattern.
Nicholas Darvas
I believe it was called, " How I made $2 million in the Market."
Or "How I made $1 million in the Market."
It may still be in print.
Call me crazy.
Play to win!
Ed
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Tuesday, January 08, 2002 7:45 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
Hi David,
Thanks for the kind words, I hope what I post helps you and other
members.
I am an investor, especially now that I have little time to watch the
markets. Even when I was an active stock broker, I did very little short
term trading, and then only when the clients wanted to, and were
suitable. When I consider buying a stock, I always ask myself the
question, "am I willing to own this stock for at least three months,
even if it's not making me money?" If the answer is not a resounding YES
(based on fundies, my projection of future earnings, chart, "M", etc.)
then I don't buy it. That simple. Ideally for me, I want to like it
enough to own it for a year or two.
I have actually bought very few LLUR patterns, just a personal quirk
with me, I guess. But you don't want to buy a LLUR on a true b/o,
because that may signal the end of the pattern. Whether investing or
trading, the ideal is to buy as it nudges and bounces off the moving
average line you have determined best describes the lower trend line. At
that point it is likely to be below its 12 month high, usually just set
a few days to a few weeks prior. What you are buying is a trend, and
when the trend changes you must be on guard. A sharp breakout up would
signal a change, and be cause for you to have your finger on the sell
trigger. A break down in price can be sharp, because there is no other
established base nearby to create support on any correction. And holders
of long term tend to get complacent, once they start to panic, it can
quickly turn into an avalanche of sell orders.
I must point out to members that LLUR is not a recognized or documented
pattern. It was contributed as a concept to this group by a former
member (James??) that ultimately left in a huff when some of his other
ideas and practices were not as well accepted by some members (me
particularly). But this was one that did make sense. The chart pattern
is seen more clearly by tilting your head about 30 to 45 degrees to the
left (depending on the angle of the trend). You then see a flat line
base that is ultimately steadily appreciating in price.
Tom Worley
stkguru@netside.net <mailto:stkguru@netside.net>
AIM: TexWorley
- ----- Original Message -----
From: david frank <mailto:camelot.homes@charter.net>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Tuesday, January 08, 2002 10:30 PM
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
tom, you sure do write with clarity. on the flat base patterns, do you
invest for the short or long term. and the LLUR patterns, do you trade
with the trend or wait for B/Os. and also thank you for your weekly list
i believe everyone appreciates it!!! david
- ----- Original Message -----
From: Tom <mailto:stkguru@netside.net> Worley
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Tuesday, January 08, 2002 8:57 PM
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
You did fine, Katherine. I would only disagree with your comment that it
follows the 50DMA. The 50 is the one I have noticed the most
frequently, but that may be because DGO displays it. The best bet is to
use a charting service like BigCharts that allows for variable time
displays with different MA lines, and try a few till you find one that
most closely fits that particular stock.
One of the keys to the "quality" of a LLUR (after it already
demonstrates solid CANSLIM criteria for growth, RS, EPS, etc) is the
degree of volatility. Less is better.
LLUR patterns can be used for both trading and investing. For trading,
it's critical to accurately identify the upper and lower trend lines as
they represent your short term exit and entry points. For investing,
with a smooth LLUR, you can pick just about any point for entry. Your
exit point is when the LLUR pattern changes, either with a big break out
up or down, or when a down trend crosses the lower trend line.
Hope this helps,
Tom Worley
stkguru@netside.net <mailto:stkguru@netside.net>
AIM: TexWorley
- ----- Original Message -----
From: Katherine <mailto:kmalm@earthlink.net> Malm
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Tuesday, January 08, 2002 6:09 PM
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
Hi Dave,
The "Encyclopedia of Chart Patterns" is the only one on the shelves just
now. The new book "Trading Strategies" I believe is due any time. I have
pre-ordered it, but who knows if it'll be any good!
LLUR is a list term which stands for "Lower Left Upper Right." At least,
so far, it's not in any TA book. Tom will answer this question a little
differently, but I see it as a stock in a long ascent which hugs the
50dMA very closely in a well defined trading range. I believe Tom says
that it lasts a year or so. WON uses a term called "ascending base" that
is similar, but shorter lived than the LLUR. When Tom posts this
evening, I'm sure he'll explain further.
Katherine
- ----- Original Message -----
From: J. David <mailto:jdavidstem@msn.com> Stem
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Tuesday, January 08, 2002 5:09 PM
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
Katherine et al,
Which of the two Bulkowski books is best? I can't find them at the
local
B&N and am going to order from Amazon.
By the way, I hate to ask, but what is LLUR? It's the one acronym
that's
escaping me!
Dave
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>Tom,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>One of the oldest =
stock books out=20
there talks about this pattern.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>Nicholas =
Darvas</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>I believe it was =
called, " How I=20
made <SPAN class=3D600123418-09012002>$</SPAN>2 million in=20
the <SPAN class=3D600123418-09012002>M</SPAN>arket."</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT> </DIV>
<DIV><SPAN class=3D600123418-09012002><FONT face=3DArial =
color=3D#0000ff size=3D2>Or=20
"How I made $1 million in the Market." </FONT></SPAN></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT> </DIV>
<DIV><SPAN class=3D600123418-09012002><FONT face=3DArial =
color=3D#0000ff size=3D2>It may=20
still be in print.</FONT></SPAN></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>Call me =
crazy.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>Play to =
win!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>Ed</FONT></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader><FONT face=3D"Times New Roman"=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of</B> Tom=20
Worley<BR><B>Sent:</B> Tuesday, January 08, 2002 7:45 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Bulkowski =
re:=20
patterns besides C&H<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial>Hi David,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Thanks for the kind words, I hope what I post =
helps you=20
and other members.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I am an investor, especially now that I have =
little time=20
to watch the markets. Even when I was an active stock broker, I did =
very=20
little short term trading, and then only when the clients wanted to, =
and were=20
suitable. When I consider buying a stock, I always ask myself the =
question,=20
"am I willing to own this stock for at least three months, even if =
it's not=20
making me money?" If the answer is not a resounding YES (based on =
fundies, my=20
projection of future earnings, chart, "M", etc.) then I don't buy it. =
That=20
simple. Ideally for me, I want to like it enough to own it for a year =
or=20
two.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I have actually bought very few LLUR =
patterns, just a=20
personal quirk with me, I guess. But you don't want to buy a LLUR on =
a true=20
b/o, because that may signal the end of the pattern. Whether =
investing or=20
trading, the ideal is to buy as it nudges and bounces off the moving =
average=20
line you have determined best describes the lower trend line. At that =
point it=20
is likely to be below its 12 month high, usually just set a few days =
to a few=20
weeks prior. What you are buying is a trend, and when the trend =
changes you=20
must be on guard. A sharp breakout up would signal a change, and be =
cause for=20
you to have your finger on the sell trigger. A break down in price =
can be=20
sharp, because there is no other established base nearby to create =
support on=20
any correction. And holders of long term tend to get complacent, once =
they=20
start to panic, it can quickly turn into an avalanche of sell=20
orders.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I must point out to members that LLUR is not =
a=20
recognized or documented pattern. It was contributed as a concept to =
this=20
group by a former member (James??) that ultimately left in a huff =
when some of=20
his other ideas and practices were not as well accepted by some =
members (me=20
particularly). But this was one that did make sense. The chart =
pattern is seen=20
more clearly by tilting your head about 30 to 45 degrees to the left=20
(depending on the angle of the trend). You then see a flat line base =
that is=20
ultimately steadily appreciating in price. </FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dcamelot.homes@charter.net=20
href=3D"mailto:camelot.homes@charter.net">david frank</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A=
>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, January 08, =
2002 10:30=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Bulkowski re:=20
patterns besides C&H</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>tom, you sure do write with =
clarity. on the=20
flat base patterns, do you invest for the short or long term. and =
the LLUR=20
patterns, do you trade with the trend or wait for B/Os. and also =
thank you=20
for your weekly list i believe everyone appreciates it!!! =
david</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A=
>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, January 08, =
2002 8:57=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Bulkowski re:=20
patterns besides C&H</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>You did fine, Katherine. I would only =
disagree with=20
your comment that it follows the 50DMA. The 50 is the one I =
have=20
noticed the most frequently, but that may be because DGO displays =
it. The=20
best bet is to use a charting service like BigCharts that allows =
for=20
variable time displays with different MA lines, and try a few =
till you=20
find one that most closely fits that particular =
stock.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>One of the keys to the "quality" of a =
LLUR (after it=20
already demonstrates solid CANSLIM criteria for growth, RS, EPS, =
etc) is=20
the degree of volatility. Less is better. </FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>LLUR patterns can be used for both =
trading and=20
investing. For trading, it's critical to accurately identify the =
upper and=20
lower trend lines as they represent your short term exit and =
entry points.=20
For investing, with a smooth LLUR, you can pick just about any =
point for=20
entry. Your exit point is when the LLUR pattern changes, either =
with a big=20
break out up or down, or when a down trend crosses the lower =
trend=20
line.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Hope this helps,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A=
>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, January =
08, 2002=20
6:09 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Bulkowski=20
re: patterns besides C&H</DIV>
<DIV><BR></DIV>
<DIV>Hi Dave,</DIV>
<DIV> </DIV>
<DIV>The "Encyclopedia of Chart Patterns" is the only one =
on the=20
shelves just now. The new book "Trading Strategies" I believe =
is due any=20
time. I have pre-ordered it, but who knows if it'll be any =
good!</DIV>
<DIV> </DIV>
<DIV>LLUR is a list term which stands for "Lower Left Upper =
Right." At=20
least, so far, it's not in any TA book. Tom will answer this =
question a=20
little differently, but I see it as a stock in a long ascent =
which hugs=20
the 50dMA very closely in a well defined trading range. I =
believe Tom=20
says that it lasts a year or so. WON uses a term called =
"ascending base"=20
that is similar, but shorter lived than the LLUR. When Tom =
posts this=20
evening, I'm sure he'll explain further.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Djdavidstem@msn.com =
href=3D"mailto:jdavidstem@msn.com">J. David=20
Stem</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A=
>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, January =
08, 2002=20
5:09 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Bulkowski=20
re: patterns besides C&H</DIV>
<DIV><BR></DIV>Katherine et al,<BR><BR>Which of the two =
Bulkowski=20
books is best? I can't find them at the local =
<BR>B&N and am=20
going to order from Amazon.<BR><BR>By the way, I hate to ask, =
but what=20
is LLUR? It's the one acronym that's <BR>escaping=20
=
me!<BR><BR>Dave<BR><BR><BR><BR>_________________________________________=
________________________<BR>Chat=20
with friends online, try MSN Messenger: <A=20
=
href=3D"http://messenger.msn.com">http://messenger.msn.com</A><BR><BR><B=
R>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-I=
n=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do not use quotes in your=20
=
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE><=
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