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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #3342
Reply-To: canslim
Sender: owner-canslim-digest@lists.xmission.com
Errors-To: owner-canslim-digest@lists.xmission.com
Precedence: bulk
Content-Transfer-Encoding: quoted-printable
X-No-Archive: yes
canslim-digest Friday, May 30 2003 Volume 02 : Number 3342
In this issue:
RE: [CANSLIM] KSWS
RE: [CANSLIM] Fw: Amateur Investors Daily Breakout Report
RE: [CANSLIM] KSWS
RE: [CANSLIM] RMD chart
[CANSLIM] COLM
RE: [CANSLIM] COLM
RE: [CANSLIM] COLM
[CANSLIM] THO
RE: [CANSLIM] THO
RE: [CANSLIM] THO
RE:COLM (was: [CANSLIM] THO)
RE:COLM (was: [CANSLIM] THO)
RE: COLM (was: [CANSLIM] THO)
----------------------------------------------------------------------
Date: Thu, 29 May 2003 22:43:30 -0400
From: Roger Tawa <roger@tawacentral.net>
Subject: RE: [CANSLIM] KSWS
Hi Tomas,
I don't think this qualifies as a valid b/o since the volume is much less
than 150% ADV.
=================================================
Roger Tawa
http://tawacentral.net/
[One thing about paradigms: shift happens.]
[When you stop, you're done.]
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas
Sent: Thursday, May 29, 2003 1:14 AM
To: canslim canslim
Subject: [CANSLIM] KSWS
How about KSWS chart? Looks like it just BO with up
volume from a 4 weeks flat base today. There was a
shakeout on 5/19. Then some dried up volume before
the BO.
Is my interpretation accurate?
Thanks,
tomas
__________________________________
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- -In the email body, write "subscribe canslim" or
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- -In the email body, write "subscribe canslim" or
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------------------------------
Date: Thu, 29 May 2003 21:55:50 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Fw: Amateur Investors Daily Breakout Report
This is a multi-part message in MIME format.
- ------=_NextPart_000_0010_01C3262D.11892410
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
Gene,
I believe this information is proprietary and posting the information is both
unethical and illegal. I'm sure the owner of the Amateur-Investors.com site
would not appreciate you giving away what he has worked so hard to produce.
Subscribers pay for this information--that's why it's referred to as a
*business.*
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
Sent: Thursday, May 29, 2003 7:20 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Fw: Amateur Investors Daily Breakout Report
FYI,
Gene
Daily Breakout Report is at
http://www.amateur-investors.com/Daily_Breakout_Report_5_29_03.htm
Amateur-Investors.Com
- ------=_NextPart_000_0010_01C3262D.11892410
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 6.00.2800.1170" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D328055202-30052003>Gene,</SPAN></DIV>
<DIV><SPAN class=3D328055202-30052003></SPAN> </DIV>
<DIV><SPAN class=3D328055202-30052003>I believe this information is =
proprietary=20
and posting the information is both unethical and illegal. I'm sure the =
owner of=20
the Amateur-Investors.com site would not appreciate you giving away what =
he has=20
worked so hard to produce. Subscribers pay for this information--that's =
why it's=20
referred to as a *business.*</SPAN></DIV>
<DIV><SPAN class=3D328055202-30052003></SPAN> </DIV>
<DIV><SPAN class=3D328055202-30052003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=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>Gene=20
Ricci<BR><B>Sent:</B> Thursday, May 29, 2003 7:20 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Fw: Amateur =
Investors=20
Daily Breakout Report<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>
<DIV><FONT face=3D"Comic Sans MS" size=3D3>FYI,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D3>Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D3></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Daily Breakout Report is at <A=20
=
href=3D"http://www.amateur-investors.com/Daily_Breakout_Report_5_29_03.ht=
m">http://www.amateur-investors.com/Daily_Breakout_Report_5_29_03.htm</A>=
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial=20
size=3D2>Amateur-Investors.Com</FONT></DIV></FONT></DIV></BLOCKQUOTE></BO=
DY></HTML>
- ------=_NextPart_000_0010_01C3262D.11892410--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Thu, 29 May 2003 20:30:35 -0700 (PDT)
From: Tomas <tomas986@yahoo.com>
Subject: RE: [CANSLIM] KSWS
Roger good point.
- --- Roger Tawa <roger@tawacentral.net> wrote:
> Hi Tomas,
>
> I don't think this qualifies as a valid b/o since
> the volume is much less
> than 150% ADV.
>
> =================================================
> Roger Tawa
> http://tawacentral.net/
> [One thing about paradigms: shift happens.]
> [When you stop, you're done.]
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf
> Of Tomas
> Sent: Thursday, May 29, 2003 1:14 AM
> To: canslim canslim
> Subject: [CANSLIM] KSWS
>
> How about KSWS chart? Looks like it just BO with up
> volume from a 4 weeks flat base today. There was a
> shakeout on 5/19. Then some dried up volume before
> the BO.
>
> Is my interpretation accurate?
>
> Thanks,
> tomas
>
> __________________________________
> Do you Yahoo!?
> Yahoo! Calendar - Free online calendar with sync to
> Outlook(TM).
> http://calendar.yahoo.com
>
> -
> -To subscribe/unsubscribe, email
> "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your
> email.
>
>
> -
> -To subscribe/unsubscribe, email
> "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your
email.
__________________________________
Do you Yahoo!?
Yahoo! Calendar - Free online calendar with sync to Outlook(TM).
http://calendar.yahoo.com
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- -In the email body, write "subscribe canslim" or
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------------------------------
Date: Fri, 30 May 2003 08:27:01 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] RMD chart
Hi Tomas,
Whether you look at it as a double bottom beginning 11/15/2 or a smaller cwh
beginning 1/14/03, the pivot remains the same at the beginning of the handle
on 4/9 @ $34.50. BO is on 4/23 when it passes that pivot on high volume.
However, the action since then is too short to be considered a base, but is
instead normal pullback action along its rising path. The shortest base
you'll get is a flat base at >=5wks, but the action must move sideways from
the peak and correct no more than 10-15%.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas
Sent: Wednesday, May 28, 2003 11:08 PM
To: canslim canslim
Subject: [CANSLIM] RMD chart
How would yall interpret the chart for RMD? Looks
like it was a DB. The second bottom did not dip below
the first bottom (not good). BO on 4/23. Now it is
forming another small base? And BO today?
Just want to see how you would classify the chart.
Thanks,
tomas
__________________________________
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------------------------------
Date: Fri, 30 May 2003 10:06:34 -0500
From: michael_niemotka@baxter.com
Subject: [CANSLIM] COLM
Hi all,
Have been watching COLM for a while, and it looks like it is attempting a
breakout from what I see as a nicely formed CWH. The right side had a gap
up, and had some high volume days, and the handle formed with a pivot of
$48.76, and again had a high volume spike in the middle. Checking the
scores, the fundies are pretty strong, but so far it has not mustered a
150% volume to classify as a breakout.
Any thoughts?
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
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- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 30 May 2003 10:08:05 -0500
From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: RE: [CANSLIM] COLM
We are courting this one as well. Volatility has picked up in the
leaders and we are in the sell in May and go away period. Regardless
of what you all choose, I would tread a little lighter, smaller
positions, add on strength.
Ed Gjertsen II
ed@macktracks.com
Confidentiality Notice: This e-mail message, including any attachments,
is for the sole use of the intended recipient(s) and may contain
confidential and privileged information. Any unauthorized review, use,
disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply e-mail and destroy all
copies of the original message.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 10:07 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] COLM
Hi all,
Have been watching COLM for a while, and it looks like it is attempting
a
breakout from what I see as a nicely formed CWH. The right side had a
gap
up, and had some high volume days, and the handle formed with a pivot of
$48.76, and again had a high volume spike in the middle. Checking the
scores, the fundies are pretty strong, but so far it has not mustered a
150% volume to classify as a breakout.
Any thoughts?
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 30 May 2003 10:18:10 -0500
From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] COLM
Ed,
I agree. For once, it looks like a stock is breaking out slowly, giving us
a chance to watch and wait, and still be able to buy within the 5% of the
pivot. In the past, it seems like a strong breakout made you have to take
a leap of faith that it would follow thru.
I know one of the things I have NOT mastered, is selling a stock only a few
days after an apparent breakout, if it does not follow thru. As a question
to the group, how long do you generally wait for a follow thru, assuming
that you DON'T see something like a high volume , drop in price day, or a
violation of the pivot point, etc.
What I would like to do is try to get out sooner that the 7-8% loss if the
breakout does not look clean, but also not be TOO conservative and not give
the stock a little leeway.
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Edward W. Gjertsen
II" To: canslim@lists.xmission.com
<ed@macktracks.com> cc:
Sent by: Subject: RE: [CANSLIM] COLM
owner-canslim@lists.xm
ission.com
05/30/2003 10:08 AM
Please respond to
canslim
We are courting this one as well. Volatility has picked up in the
leaders and we are in the sell in May and go away period. Regardless
of what you all choose, I would tread a little lighter, smaller
positions, add on strength.
Ed Gjertsen II
ed@macktracks.com
Confidentiality Notice: This e-mail message, including any attachments,
is for the sole use of the intended recipient(s) and may contain
confidential and privileged information. Any unauthorized review, use,
disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply e-mail and destroy all
copies of the original message.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 10:07 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] COLM
Hi all,
Have been watching COLM for a while, and it looks like it is attempting
a
breakout from what I see as a nicely formed CWH. The right side had a
gap
up, and had some high volume days, and the handle formed with a pivot of
$48.76, and again had a high volume spike in the middle. Checking the
scores, the fundies are pretty strong, but so far it has not mustered a
150% volume to classify as a breakout.
Any thoughts?
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
- -
- -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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- -In the email body, write "subscribe canslim" or
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------------------------------
Date: Fri, 30 May 2003 10:35:17 -0500
From: michael_niemotka@baxter.com
Subject: [CANSLIM] THO
This is another one that seems to be breaking out from a cwh. Between it
and COLM, COLM has slightly better CE scores, so I am leaning towards it.
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 30 May 2003 10:56:07 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] THO
Hi Mike,
Interestingly, THO and COLM have very similar fundamental (CEF) component
scores. THO=8.6 to COLM=8.59 (max 11). COLM pulls ahead in the overall CE
score thanks to a far better technical (CET) component score. COLM=6.32 and
THO =4.63 (max 7)
As a further means of distinguishing between the stocks, I think the real
tale is told when looking at THO's Industry condition:
http://www.cwhcharts.com/katherine/BldgMobileRV052303.JPG
For me, that's reason enough to eliminate THO as a comparative potential
investment.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 9:35 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] THO
This is another one that seems to be breaking out from a cwh. Between it
and COLM, COLM has slightly better CE scores, so I am leaning towards it.
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 30 May 2003 11:04:43 -0500
From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] THO
Katherine,
Interestingly enough, I reached the same conclusion. Thanks for the
input. So back onto COLM, I saw that it was not on a watchlist at
cwhcharts , do you know why?
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Katherine Malm"
<kmalm@earthlink.net> To: canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: RE: [CANSLIM] THO
ission.com
05/30/2003 10:56 AM
Please respond to
canslim
Hi Mike,
Interestingly, THO and COLM have very similar fundamental (CEF) component
scores. THO=8.6 to COLM=8.59 (max 11). COLM pulls ahead in the overall CE
score thanks to a far better technical (CET) component score. COLM=6.32 and
THO =4.63 (max 7)
As a further means of distinguishing between the stocks, I think the real
tale is told when looking at THO's Industry condition:
http://www.cwhcharts.com/katherine/BldgMobileRV052303.JPG
For me, that's reason enough to eliminate THO as a comparative potential
investment.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 9:35 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] THO
This is another one that seems to be breaking out from a cwh. Between it
and COLM, COLM has slightly better CE scores, so I am leaning towards it.
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
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- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Fri, 30 May 2003 11:41:10 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE:COLM (was: [CANSLIM] THO)
Hi Mike,
Let me answer your question generically, as I think it provides the
explanation without going into site-specific details and so is more
appropriate for discussion here on the list.
The first clue is to look at COLM's base as of 5/28/03.
http://www.cwhcharts.com/katherine/COLM052803.JPG
The question is, as of today, is COLM still in the base? Take a look of the
close-up action since 5/28:
http://www.cwhcharts.com/katherine/COLM053003.JPG
Notice that on 5/29, COLM attempted a breakout, but while the stock closed
above the pivot, it did not actually breakout, because volume was too low.
In short, COLM is no longer in its base. This happens to stocks and is the
reason one would want to be watchful of both recent attempted breakouts that
are still near their pivot (thus yours and Ed's interest in COLM), and also
stocks that have recently staged a successful breakout on volume but are
still within 5% of the original pivot. The point with COLM is that it has
hesitated near its logical area of support. The lack of conviction on the
move here shows that there is not yet enough buying power to enable it to
completely break free of the base. While "worth watching" it's not
currently *in* the base, and therefore, not on our current watchlist.
From here one of several things can happen:
(1) COLM will pull back fairly significantly and form a "fresh" handle. The
new pivot would then be the $49.50 high set on 5/29.
(2) COLM will fail altogether and roll back into its base.
(3) COLM will hesitate here and then gather steam and forge ahead. This
"multi-day" breakout is relatively common, but I don't know that I've ever
seen statistics on the success rates of multi-day breakouts vs. strong
breakouts on volume in a single day, so couldn't give you a good
risk-assessment clue.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 10:05 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] THO
Katherine,
Interestingly enough, I reached the same conclusion. Thanks for the
input. So back onto COLM, I saw that it was not on a watchlist at
cwhcharts , do you know why?
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Katherine Malm"
<kmalm@earthlink.net> To:
canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: RE: [CANSLIM]
THO
ission.com
05/30/2003 10:56 AM
Please respond to
canslim
Hi Mike,
Interestingly, THO and COLM have very similar fundamental (CEF) component
scores. THO=8.6 to COLM=8.59 (max 11). COLM pulls ahead in the overall CE
score thanks to a far better technical (CET) component score. COLM=6.32 and
THO =4.63 (max 7)
As a further means of distinguishing between the stocks, I think the real
tale is told when looking at THO's Industry condition:
http://www.cwhcharts.com/katherine/BldgMobileRV052303.JPG
For me, that's reason enough to eliminate THO as a comparative potential
investment.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 9:35 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] THO
This is another one that seems to be breaking out from a cwh. Between it
and COLM, COLM has slightly better CE scores, so I am leaning towards it.
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
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------------------------------
Date: Fri, 30 May 2003 12:22:05 -0500
From: michael_niemotka@baxter.com
Subject: RE:COLM (was: [CANSLIM] THO)
Katherine,
I can't believe that after all that analysis, you won't give us the correct
answer to what will happen with COLM... Is the crystal ball in the shop for
repairs? <grin>
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Katherine Malm"
<kmalm@earthlink.net> To: canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: RE:COLM (was: [CANSLIM] THO)
ission.com
05/30/2003 11:41 AM
Please respond to
canslim
Hi Mike,
Let me answer your question generically, as I think it provides the
explanation without going into site-specific details and so is more
appropriate for discussion here on the list.
The first clue is to look at COLM's base as of 5/28/03.
http://www.cwhcharts.com/katherine/COLM052803.JPG
The question is, as of today, is COLM still in the base? Take a look of the
close-up action since 5/28:
http://www.cwhcharts.com/katherine/COLM053003.JPG
Notice that on 5/29, COLM attempted a breakout, but while the stock closed
above the pivot, it did not actually breakout, because volume was too low.
In short, COLM is no longer in its base. This happens to stocks and is the
reason one would want to be watchful of both recent attempted breakouts
that
are still near their pivot (thus yours and Ed's interest in COLM), and also
stocks that have recently staged a successful breakout on volume but are
still within 5% of the original pivot. The point with COLM is that it has
hesitated near its logical area of support. The lack of conviction on the
move here shows that there is not yet enough buying power to enable it to
completely break free of the base. While "worth watching" it's not
currently *in* the base, and therefore, not on our current watchlist.
From here one of several things can happen:
(1) COLM will pull back fairly significantly and form a "fresh" handle. The
new pivot would then be the $49.50 high set on 5/29.
(2) COLM will fail altogether and roll back into its base.
(3) COLM will hesitate here and then gather steam and forge ahead. This
"multi-day" breakout is relatively common, but I don't know that I've ever
seen statistics on the success rates of multi-day breakouts vs. strong
breakouts on volume in a single day, so couldn't give you a good
risk-assessment clue.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 10:05 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] THO
Katherine,
Interestingly enough, I reached the same conclusion. Thanks for the
input. So back onto COLM, I saw that it was not on a watchlist at
cwhcharts , do you know why?
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Katherine Malm"
<kmalm@earthlink.net> To:
canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: RE: [CANSLIM]
THO
ission.com
05/30/2003 10:56 AM
Please respond to
canslim
Hi Mike,
Interestingly, THO and COLM have very similar fundamental (CEF) component
scores. THO=8.6 to COLM=8.59 (max 11). COLM pulls ahead in the overall CE
score thanks to a far better technical (CET) component score. COLM=6.32 and
THO =4.63 (max 7)
As a further means of distinguishing between the stocks, I think the real
tale is told when looking at THO's Industry condition:
http://www.cwhcharts.com/katherine/BldgMobileRV052303.JPG
For me, that's reason enough to eliminate THO as a comparative potential
investment.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 9:35 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] THO
This is another one that seems to be breaking out from a cwh. Between it
and COLM, COLM has slightly better CE scores, so I am leaning towards it.
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
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------------------------------
Date: Fri, 30 May 2003 10:22:37 -0700
From: Eddie Garratt <egarratt@soft-pak.com>
Subject: RE: COLM (was: [CANSLIM] THO)
It's breaking out as we speak. I might be a little premature, but it's
getting close.
- -----Original Message-----
From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com]
Sent: Friday, May 30, 2003 10:22 AM
To: canslim@lists.xmission.com
Subject: RE:COLM (was: [CANSLIM] THO)
Katherine,
I can't believe that after all that analysis, you won't give us the correct
answer to what will happen with COLM... Is the crystal ball in the shop for
repairs? <grin>
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Katherine Malm"
<kmalm@earthlink.net> To:
canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: RE:COLM (was:
[CANSLIM] THO)
ission.com
05/30/2003 11:41 AM
Please respond to
canslim
Hi Mike,
Let me answer your question generically, as I think it provides the
explanation without going into site-specific details and so is more
appropriate for discussion here on the list.
The first clue is to look at COLM's base as of 5/28/03.
http://www.cwhcharts.com/katherine/COLM052803.JPG
The question is, as of today, is COLM still in the base? Take a look of the
close-up action since 5/28:
http://www.cwhcharts.com/katherine/COLM053003.JPG
Notice that on 5/29, COLM attempted a breakout, but while the stock closed
above the pivot, it did not actually breakout, because volume was too low.
In short, COLM is no longer in its base. This happens to stocks and is the
reason one would want to be watchful of both recent attempted breakouts
that
are still near their pivot (thus yours and Ed's interest in COLM), and also
stocks that have recently staged a successful breakout on volume but are
still within 5% of the original pivot. The point with COLM is that it has
hesitated near its logical area of support. The lack of conviction on the
move here shows that there is not yet enough buying power to enable it to
completely break free of the base. While "worth watching" it's not
currently *in* the base, and therefore, not on our current watchlist.
From here one of several things can happen:
(1) COLM will pull back fairly significantly and form a "fresh" handle. The
new pivot would then be the $49.50 high set on 5/29.
(2) COLM will fail altogether and roll back into its base.
(3) COLM will hesitate here and then gather steam and forge ahead. This
"multi-day" breakout is relatively common, but I don't know that I've ever
seen statistics on the success rates of multi-day breakouts vs. strong
breakouts on volume in a single day, so couldn't give you a good
risk-assessment clue.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 10:05 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] THO
Katherine,
Interestingly enough, I reached the same conclusion. Thanks for the
input. So back onto COLM, I saw that it was not on a watchlist at
cwhcharts , do you know why?
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Katherine Malm"
<kmalm@earthlink.net> To:
canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: RE: [CANSLIM]
THO
ission.com
05/30/2003 10:56 AM
Please respond to
canslim
Hi Mike,
Interestingly, THO and COLM have very similar fundamental (CEF) component
scores. THO=8.6 to COLM=8.59 (max 11). COLM pulls ahead in the overall CE
score thanks to a far better technical (CET) component score. COLM=6.32 and
THO =4.63 (max 7)
As a further means of distinguishing between the stocks, I think the real
tale is told when looking at THO's Industry condition:
http://www.cwhcharts.com/katherine/BldgMobileRV052303.JPG
For me, that's reason enough to eliminate THO as a comparative potential
investment.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 9:35 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] THO
This is another one that seems to be breaking out from a cwh. Between it
and COLM, COLM has slightly better CE scores, so I am leaning towards it.
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
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------------------------------
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