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- From: owner-canslim-digest@lists.xmission.com (canslim-digest)
- To: canslim-digest@lists.xmission.com
- Subject: canslim-digest V2 #3394
- Reply-To: canslim
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- canslim-digest Tuesday, July 1 2003 Volume 02 : Number 3394
-
-
-
- In this issue:
-
- Re: [CANSLIM] You mijght want to check out CVU
- [CANSLIM] FWHT Wedging?
- Re: [CANSLIM] FWHT Wedging?
- Re: [CANSLIM] FWHT Wedging?
- Re: [CANSLIM] FWHT Wedging?
- Re: [CANSLIM] You mijght want to check out CVU
- [CANSLIM] IACI - top or new base?
- [CANSLIM] tree and ntes
-
- ----------------------------------------------------------------------
-
- Date: Mon, 30 Jun 2003 00:13:43 -0600
- From: "Chris Jones" <SwingKid104@attbi.com>
- Subject: Re: [CANSLIM] You mijght want to check out CVU
-
- This is a multi-part message in MIME format.
-
- - ------=_NextPart_000_0008_01C33E9C.7787E1C0
- Content-Type: text/plain;
- charset="iso-8859-1"
- Content-Transfer-Encoding: quoted-printable
-
- CVU certainly does have a nice chart pattern - though I am also only a =
- novice. It has 2.3% institutional ownership - which is toward the low =
- end of the range - yet still acceptable since more is not necessarily =
- better. The fundamentals aren't the best, but according to =
- CwHCharts.com (I think), fundamentals is often a lagging indicator.
-
- I think I'm gonna take a shot at this one. Anyone else have an opinion?
-
- Chris
- ----- Original Message -----=20
- From: Bob Hodes=20
- To: canslim@lists.xmission.com=20
- Sent: Sunday, June 29, 2003 8:44 PM
- Subject: [CANSLIM] You mijght want to check out CVU
-
-
- The American Assn of Individual Investors provides, to subscribers, =
- stock screens that model the stock selection strategies of various money =
- managers including WON. The IBD website recently had a link to the =
- AAII article on CANSLIM. I haven't checked recently to see if that link =
- is still available.
-
- I just reviewed the AAII Canslim selections for this month and one =
- chart looked pretty interesting. Nice CWH, handle is sloping downward, =
- volume dried up at the trough and in the handle, breakout on Friday on =
- well above average volume. So I send this along for your inspection. =20
-
- The price is too low to meet strict IBD criteria but the chart looks =
- nice to the eyes of this novice CANSLIMER. You can check out the =
- fundamentals yourself. =20
-
- I mention this stock b/c I'm trying to figure out how well CANSLIM =
- does for below $10-15 stocks. I've have only followed a few so far =
- (AMI, ORCC, MRGE, and now CVU) and I was wondering if anyone has =
- reported empirical data on these low priced stocks. I assume WON's =
- reticence with low priced stocks has to do with their lack of =
- institutional ownership; is that correct and perhaps liquidity concerns. =
- Is that true?
- - ------=_NextPart_000_0008_01C33E9C.7787E1C0
- 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><FONT face=3DArial size=3D2>CVU certainly does have a nice chart =
- pattern -=20
- though I am also only a novice. It has 2.3% institutional =
- ownership -=20
- which is toward the low end of the range - yet still acceptable since =
- more is=20
- not necessarily better. The fundamentals aren't the best, but =
- according to=20
- CwHCharts.com (I think), fundamentals is often a lagging =
- indicator.</FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>I think I'm gonna take a shot at this =
- one. =20
- Anyone else have an opinion?</FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>Chris</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=3Drchodes@charter.net href=3D"mailto:rchodes@charter.net">Bob =
- Hodes</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> Sunday, June 29, 2003 =
- 8:44 PM</DIV>
- <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] You mijght =
- want to=20
- check out CVU</DIV>
- <DIV><BR></DIV>
- <DIV><FONT face=3DArial size=3D2>The American Assn of Individual =
- Investors=20
- provides, to subscribers, stock screens that model the stock selection =
-
- strategies of various money managers including WON. =
- The IBD=20
- website recently had a link to the AAII article on CANSLIM. I=20
- haven't checked recently to see if that link is still=20
- available.</FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>I just reviewed the AAII Canslim =
- selections=20
- for this month and one chart looked pretty interesting. =
- Nice CWH,=20
- handle is sloping downward, volume dried up at the trough and in the =
- handle,=20
- breakout on Friday on well above average volume. So I send this =
- along=20
- for your inspection. </FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>The price is too low to meet strict =
- IBD criteria=20
- but the chart looks nice to the eyes of this novice CANSLIMER. You can =
- check=20
- out the fundamentals yourself. </FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>I mention this stock b/c I'm trying =
- to figure out=20
- how well CANSLIM does for below $10-15 stocks. I've have only =
- followed a=20
- few so far (AMI, ORCC, MRGE, and now CVU) and I was wondering if =
- anyone has=20
- reported empirical data on these low priced stocks. I assume =
- WON's=20
- reticence with low priced stocks has to do with their lack of =
- institutional=20
- ownership; is that correct and perhaps liquidity concerns. Is =
- that=20
- true?</FONT></DIV></BLOCKQUOTE></BODY></HTML>
-
- - ------=_NextPart_000_0008_01C33E9C.7787E1C0--
-
-
- - -
- - -To subscribe/unsubscribe, email "majordomo@xmission.com"
- - -In the email body, write "subscribe canslim" or
- - -"unsubscribe canslim". Do not use quotes in your email.
-
- ------------------------------
-
- Date: Mon, 30 Jun 2003 10:06:25 -0500
- From: "Kelly Short" <kelly.short@fw.us.neoris.com>
- Subject: [CANSLIM] FWHT Wedging?
-
- This is a multi-part message in MIME format.
-
- - ------_=_NextPart_001_01C33F19.2CB1F956
- Content-Type: text/plain;
- charset="iso-8859-1"
- Content-Transfer-Encoding: quoted-printable
-
- Is FWHT giving sell signals?
- =20
- I'm perplexed over the recent (past four days) action of FWHT. Katherine =
- Malm astutely brought a pattern to the attention of this group in which =
- a stock price increases while volume decreases, a pattern she called =
- wedging. I don't remember the technical definition (if there was one) of =
- how much the stock must increase while the volume decreases to be =
- considered "wedging." As this question pertains to FWHT- does anyone see =
- the "wedging" action in FWHT over the past four days and therefore a =
- potential sell signal, or is FWHT simply absorbing its recent huge =
- run-up?
- =20
- My conclusion is that it is moving sideways with decreasing volume (a =
- potential buy signal).
-
- - ------_=_NextPart_001_01C33F19.2CB1F956
- 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=3D"Content-Type" CONTENT=3D"text/html; =
- charset=3Diso-8859-1">
-
-
- <META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR>
- <STYLE></STYLE>
- </HEAD>
- <BODY bgColor=3D#ffffff>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>Is =
- FWHT giving sell=20
- signals?</FONT></SPAN></DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial=20
- size=3D2></FONT></SPAN> </DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>I'm =
- perplexed over=20
- the recent (past four days) action of FWHT. Katherine Malm astutely =
- brought a=20
- pattern to the attention of this group in which a stock price increases =
- while=20
- volume decreases, a pattern she called wedging. I don't remember the =
- technical=20
- definition (if there was one) of how much the stock must increase while =
- the=20
- volume decreases to be considered "wedging." As this question pertains =
- to FWHT-=20
- does anyone see the "wedging" action in FWHT over the past four days and =
-
- therefore a potential sell signal, or is FWHT simply absorbing its =
- recent huge=20
- run-up?</FONT></SPAN></DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial=20
- size=3D2></FONT></SPAN> </DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>My =
- conclusion is=20
- that it is moving sideways with decreasing volume (a potential buy=20
- signal).</FONT></SPAN></DIV></BODY></HTML>
-
- - ------_=_NextPart_001_01C33F19.2CB1F956--
-
- - -
- - -To subscribe/unsubscribe, email "majordomo@xmission.com"
- - -In the email body, write "subscribe canslim" or
- - -"unsubscribe canslim". Do not use quotes in your email.
-
- ------------------------------
-
- Date: Mon, 30 Jun 2003 12:15:22 -0400
- From: "Jonathan Lobatto" <jlobatto@nyc.rr.com>
- Subject: Re: [CANSLIM] FWHT Wedging?
-
- This is a multi-part message in MIME format.
-
- - ------=_NextPart_000_003B_01C33F01.474DBCE0
- Content-Type: text/plain;
- charset="iso-8859-1"
- Content-Transfer-Encoding: quoted-printable
-
- Keep in mind the market in general is proceeding on lower volume (on =
- both good and bad days) for the past week or so. Not commenting on =
- FWHT's pattern in particular, but it is symptomatic of the whole market =
- so I'm not sure what you can conclude.
-
-
- - ----------------------------------------------------
- This mailbox protected from junk email by Matador
- from MailFrontier, Inc. http://info.mailfrontier.com
-
- ----- Original Message -----=20
- From: Kelly Short=20
- To: canslim@lists.xmission.com=20
- Sent: Monday, June 30, 2003 11:06 AM
- Subject: [CANSLIM] FWHT Wedging?
-
-
- Is FWHT giving sell signals?
-
- I'm perplexed over the recent (past four days) action of FWHT. =
- Katherine Malm astutely brought a pattern to the attention of this group =
- in which a stock price increases while volume decreases, a pattern she =
- called wedging. I don't remember the technical definition (if there was =
- one) of how much the stock must increase while the volume decreases to =
- be considered "wedging." As this question pertains to FWHT- does anyone =
- see the "wedging" action in FWHT over the past four days and therefore a =
- potential sell signal, or is FWHT simply absorbing its recent huge =
- run-up?
-
- My conclusion is that it is moving sideways with decreasing volume (a =
- potential buy signal).
- - ------=_NextPart_000_003B_01C33F01.474DBCE0
- 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 6.00.2800.1106" name=3DGENERATOR>
- <STYLE></STYLE>
- </HEAD>
- <BODY bgColor=3D#ffffff>
- <DIV><FONT face=3DVerdana color=3D#0000ff>Keep in mind the market in =
- general is=20
- proceeding on lower volume (on both good and bad days) for the past week =
- or so.=20
- Not commenting on FWHT's pattern in particular, but it is symptomatic of =
- the=20
- whole market so I'm not sure what you can conclude.</FONT></DIV>
- <DIV> </DIV>
- <DIV> </DIV>
- <DIV>----------------------------------------------------<BR>This =
- mailbox=20
- protected from junk email by Matador<BR>from MailFrontier, Inc. <A=20
- href=3D"http://info.mailfrontier.com">http://info.mailfrontier.com</A><BR=
- ></DIV>
- <BLOCKQUOTE dir=3Dltr=20
- style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
- BORDER-LEFT: #0000ff 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=3Dkelly.short@fw.us.neoris.com=20
- href=3D"mailto:kelly.short@fw.us.neoris.com">Kelly Short</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> Monday, June 30, 2003 =
- 11:06=20
- AM</DIV>
- <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] FWHT =
- Wedging?</DIV>
- <DIV><BR></DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>Is =
- FWHT giving=20
- sell signals?</FONT></SPAN></DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial=20
- size=3D2></FONT></SPAN> </DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>I'm =
- perplexed over=20
- the recent (past four days) action of FWHT. Katherine Malm astutely =
- brought a=20
- pattern to the attention of this group in which a stock price =
- increases while=20
- volume decreases, a pattern she called wedging. I don't remember the =
- technical=20
- definition (if there was one) of how much the stock must increase =
- while the=20
- volume decreases to be considered "wedging." As this question pertains =
- to=20
- FWHT- does anyone see the "wedging" action in FWHT over the past four =
- days and=20
- therefore a potential sell signal, or is FWHT simply absorbing its =
- recent huge=20
- run-up?</FONT></SPAN></DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial=20
- size=3D2></FONT></SPAN> </DIV>
- <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>My =
- conclusion is=20
- that it is moving sideways with decreasing volume (a potential buy=20
- signal).</FONT></SPAN></DIV></BLOCKQUOTE></BODY></HTML>
-
- - ------=_NextPart_000_003B_01C33F01.474DBCE0--
-
-
- - -
- - -To subscribe/unsubscribe, email "majordomo@xmission.com"
- - -In the email body, write "subscribe canslim" or
- - -"unsubscribe canslim". Do not use quotes in your email.
-
- ------------------------------
-
- Date: Mon, 30 Jun 2003 12:48:15 EDT
- From: Spencer48@aol.com
- Subject: Re: [CANSLIM] FWHT Wedging?
-
- Kelly:
-
- I believe Katherine (and I'm sure she'll correct me if I'm wrong) was
- talking about a stock's HANDLE wedging (ie. rising higher on low volume).
-
- While, I suppose, a stock could wedge (and I believe triangle formations
- are based on this price/volume tandem), CANSLIM is not founded on stock
- formations that wedge, but rather stocks which form different kinds of bases with
- handles.
-
- jans
-
- In a message dated 6/30/2003 11:32:56 AM Eastern Daylight Time,
- kelly.short@fw.us.neoris.com writes: << Is FWHT giving sell signals?
- I'm perplexed over the recent (past four days) action of FWHT.
- Katherine Malm astutely brought a pattern to the attention of this group in which a
- stock price increases while volume decreases, a pattern she called wedging. I
- don't remember the technical definition... >>
-
- - -
- - -To subscribe/unsubscribe, email "majordomo@xmission.com"
- - -In the email body, write "subscribe canslim" or
- - -"unsubscribe canslim". Do not use quotes in your email.
-
- ------------------------------
-
- Date: Mon, 30 Jun 2003 13:19:59 -0400
- From: "Pritish Shah" <pshah@lason.com>
- Subject: Re: [CANSLIM] FWHT Wedging?
-
- Jans,
-
- One of the rules to locate the top of a stock after a breakout is to look =
- at rising prices on falling volume. FWHT already broke few days back and =
- ran up 20%+. There are two possibilities in my opinion
-
- 1) Give it a chance to rest and create another base
- 2) See if it exhausted
-
- WON says that if a stock runs up really fast, give it a chance to rest and =
- form another base (base on top of a base). However, he also says to look =
- for exhaustion. One of the ways is an exhaustion gap where the stock gaps =
- up on low volume -- this I do not see on FWHT.
-
- So, potentially this stock is just resting for another move up.
-
- FYI, more info on investors.com
-
- http://www.investors.com/learn/B11c.asp
-
- Regards,
- Pritish
-
- >>> Spencer48@aol.com 06/30/03 12:48PM >>>
- Kelly:
-
- I believe Katherine (and I'm sure she'll correct me if I'm wrong) =
- was=20
- talking about a stock's HANDLE wedging (ie. rising higher on low volume). =
- =20
-
- While, I suppose, a stock could wedge (and I believe triangle =
- formations=20
- are based on this price/volume tandem), CANSLIM is not founded on stock=20
- formations that wedge, but rather stocks which form different kinds of =
- bases with=20
- handles.
-
- jans
-
- In a message dated 6/30/2003 11:32:56 AM Eastern Daylight Time,=20
- kelly.short@fw.us.neoris.com writes: << Is FWHT giving sell signals? =20
- I'm perplexed over the recent (past four days) action of FWHT.=20
- Katherine Malm astutely brought a pattern to the attention of this group =
- in which a=20
- stock price increases while volume decreases, a pattern she called =
- wedging. I=20
- don't remember the technical definition... >>
-
- - -
- - -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: Mon, 30 Jun 2003 23:16:23 -0700
- From: "rchodes" <rchodes@charter.net>
- Subject: Re: [CANSLIM] You mijght want to check out CVU
-
- This is a multi-part message in MIME format.
-
- - ------=_NextPart_000_004C_01C33F5D.9F528680
- Content-Type: text/plain;
- charset="iso-8859-1"
- Content-Transfer-Encoding: quoted-printable
-
- Chris: I mentioned CVU not as a recommendation but rather to spur a =
- discussion on the pros and cons of purchasing low priced stocks. WON =
- might say the stock is low priced for a reason but if the stock chart =
- otherwise meets CANSLIM tecnhical criteria, it should=20
- be worthy of discussion or at least some attention. Certainly, it would =
- be difficult for a stock to be this low priced and to have a long track =
- record of earning and revenue increases. Also, CVU is a real microcap =
- (about $45M market capitalization) and that makes it inherently risky =
- and makes me nervous. Seems that these low priced stocks with small =
- market floats can go south quickly and you would not be able to get out =
- in time to protect your principle. But there should be some =
- CANSLIM-like strategy that might work. But maybe not; maybe the risk to =
- reward ratio will always be unfarvorable. One of my points is that this =
- should be an empirical question and I wonder if it's been studied.
-
- Bob Hodes
- - ----- Original Message -----=20
- From: Chris Jones=20
- To: canslim@lists.xmission.com=20
- Sent: Sunday, June 29, 2003 11:13 PM
- Subject: Re: [CANSLIM] You mijght want to check out CVU
-
-
- CVU certainly does have a nice chart pattern - though I am also only a =
- novice. It has 2.3% institutional ownership - which is toward the low =
- end of the range - yet still acceptable since more is not necessarily =
- better. The fundamentals aren't the best, but according to =
- CwHCharts.com (I think), fundamentals is often a lagging indicator.
-
- I think I'm gonna take a shot at this one. Anyone else have an =
- opinion?
-
- Chris
- ----- Original Message -----=20
- From: Bob Hodes=20
- To: canslim@lists.xmission.com=20
- Sent: Sunday, June 29, 2003 8:44 PM
- Subject: [CANSLIM] You mijght want to check out CVU
-
-
- The American Assn of Individual Investors provides, to subscribers, =
- stock screens that model the stock selection strategies of various money =
- managers including WON. The IBD website recently had a link to the =
- AAII article on CANSLIM. I haven't checked recently to see if that link =
- is still available.
-
- I just reviewed the AAII Canslim selections for this month and one =
- chart looked pretty interesting. Nice CWH, handle is sloping downward, =
- volume dried up at the trough and in the handle, breakout on Friday on =
- well above average volume. So I send this along for your inspection. =20
-
- The price is too low to meet strict IBD criteria but the chart looks =
- nice to the eyes of this novice CANSLIMER. You can check out the =
- fundamentals yourself. =20
-
- I mention this stock b/c I'm trying to figure out how well CANSLIM =
- does for below $10-15 stocks. I've have only followed a few so far =
- (AMI, ORCC, MRGE, and now CVU) and I was wondering if anyone has =
- reported empirical data on these low priced stocks. I assume WON's =
- reticence with low priced stocks has to do with their lack of =
- institutional ownership; is that correct and perhaps liquidity concerns. =
- Is that true?
-
- - ------=_NextPart_000_004C_01C33F5D.9F528680
- 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 6.00.2722.900" name=3DGENERATOR>
- <STYLE></STYLE>
- </HEAD>
- <BODY bgColor=3D#ffffff>
- <DIV><FONT face=3DArial size=3D2>Chris: I mentioned CVU not as a=20
- recommendation but rather to spur a discussion on the pros and cons of=20
- purchasing low priced stocks. WON might say the stock is low =
- priced=20
- for a reason but if the stock chart otherwise meets CANSLIM =
- tecnhical=20
- criteria, it should </FONT></DIV>
- <DIV><FONT face=3DArial size=3D2>be worthy of dis</FONT><FONT =
- face=3DArial=20
- size=3D2>cussion or at least some attention. Certainly, it would =
- be=20
- difficult for a stock to be this low priced and to have a long track =
- record of=20
- earning and revenue increases. Also, CVU is a real microcap (about =
- $45M=20
- market capitalization) and that makes it inherently risky and makes me=20
- nervous. Seems that these low priced stocks with small market =
- floats can=20
- go south quickly and you would not be able to get out in time to protect =
- your=20
- principle. But there should be some CANSLIM</FONT><FONT =
- face=3DArial=20
- size=3D2>-l</FONT><FONT face=3DArial size=3D2>ike strategy that might =
- work. But=20
- maybe not; maybe the risk to reward ratio will always be =
- unfarvorable. One=20
- of my points </FONT><FONT face=3DArial size=3D2>is that this should =
- be an=20
- empirical question and I wonder if it's been studied.</FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>Bob Hodes</FONT></DIV>
- <DIV>----- Original Message ----- </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=20
- style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
- black"><B>From:</B>=20
- <A title=3DSwingKid104@attbi.com =
- href=3D"mailto:SwingKid104@attbi.com">Chris=20
- Jones</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> Sunday, June 29, 2003 =
- 11:13=20
- PM</DIV>
- <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] You =
- mijght want to=20
- check out CVU</DIV>
- <DIV><BR></DIV>
- <DIV><FONT face=3DArial size=3D2>CVU certainly does have a nice chart =
- pattern -=20
- though I am also only a novice. It has 2.3% institutional =
- ownership -=20
- which is toward the low end of the range - yet still acceptable since =
- more is=20
- not necessarily better. The fundamentals aren't the best, but =
- according=20
- to CwHCharts.com (I think), fundamentals is often a lagging=20
- indicator.</FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>I think I'm gonna take a shot at this =
- one. =20
- Anyone else have an opinion?</FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>Chris</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=3Drchodes@charter.net =
- href=3D"mailto:rchodes@charter.net">Bob Hodes</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>=
- =20
- </DIV>
- <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, June 29, 2003 =
- 8:44=20
- PM</DIV>
- <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] You mijght =
- want to=20
- check out CVU</DIV>
- <DIV><BR></DIV>
- <DIV><FONT face=3DArial size=3D2>The American Assn of Individual =
- Investors=20
- provides, to subscribers, stock screens that model the stock =
- selection=20
- strategies of various money managers including WON. =
- The IBD=20
- website recently had a link to the AAII article on CANSLIM. I=20
- haven't checked recently to see if that link is still=20
- available.</FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>I just reviewed the AAII =
- Canslim=20
- selections for this month and one chart looked pretty=20
- interesting. Nice CWH, handle is sloping downward, volume =
- dried up at=20
- the trough and in the handle, breakout on Friday on well above =
- average=20
- volume. So I send this along for your inspection. =
- </FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>The price is too low to meet strict =
- IBD=20
- criteria but the chart looks nice to the eyes of this novice =
- CANSLIMER. You=20
- can check out the fundamentals yourself. </FONT></DIV>
- <DIV><FONT face=3DArial size=3D2></FONT> </DIV>
- <DIV><FONT face=3DArial size=3D2>I mention this stock b/c I'm trying =
- to figure=20
- out how well CANSLIM does for below $10-15 stocks. I've have =
- only=20
- followed a few so far (AMI, ORCC, MRGE, and now CVU) and I was =
- wondering if=20
- anyone has reported empirical data on these low priced stocks. =
- I=20
- assume WON's reticence with low priced stocks has to do with their =
- lack of=20
- institutional ownership; is that correct and perhaps liquidity=20
- concerns. Is that=20
- true?</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
-
- - ------=_NextPart_000_004C_01C33F5D.9F528680--
-
-
-
- - -
- - -To subscribe/unsubscribe, email "majordomo@xmission.com"
- - -In the email body, write "subscribe canslim" or
- - -"unsubscribe canslim". Do not use quotes in your email.
-
- ------------------------------
-
- Date: Mon, 30 Jun 2003 22:37:50 -0700
- From: "Richard Tafoya" <cwh@mendomedia.net>
- Subject: [CANSLIM] IACI - top or new base?
-
- I held a sizable position (for me) on this for the past couple of years.
- I began taking profits off the table in the high 20's and recently sold
- about half of my remaining position around $38 and got spooked with last
- week's selloff and unloaded the remainder around $36 when it got a
- little too close to its 50 DMA on high volume for my comfort.
-
- All in all, no complaints, but seeing it cross $40 briefly today makes
- me wonder if there's more gas in the tank. I'm completely in cash while
- this week's expected volatility plays out, but knowing that Yahoo
- reports next Monday, I'll be watching carefully to see if they surprise
- to the upside and spark some sympathetic rally activity in the
- Internets.
-
- Of course (and this is part of the internal dialogue I treat myself to
- constantly), the major Internets (IACI, EBAY, YHOO) outside of search
- (FWHT, OVER) are already so extended, they don't seem to present any
- kind of decent entry point. Which, of course, is why I'm on this list
- and paying lots of attention to cwhcharts, canslim.net and
- amateur-investors.com, looking for other candidates with strong
- patterns, fundamentals and ideal entry points. After all, I'd find
- another 20% upside on YHOO hard to believe, but as we saw with SOHU,
- SINA and NTES recently, it's very possible in plenty of other places.
-
- I guess at the end of the day, I'm looking for some outside perspective
- on whether I got shaken out of IACI before it exhibited any real signs
- of topping.
-
-
-
- - -
- - -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: Tue, 1 Jul 2003 20:51:24 +0900
- From: Simon MacMahon <symon@nifty.com>
- Subject: [CANSLIM] tree and ntes
-
- TREE and NTES are two stocks that I am currently interested in.
- Looking at their charts though there doesn`t appear like there is going
- to be any low risk entry point in the near future. Both are lacking a
- cup. TREE seems to be forming a base on a base. NTES seems to be have
- broken out of a short handle after a long runup. I suspect that most
- pure CANLIMERs would stay away from these stocks but there seems to be
- quite a few other stocks showing similar formations. I am curious what
- other people think of NTES` chart in particular. Thank you.
-
-
- - -
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- - -In the email body, write "subscribe canslim" or
- - -"unsubscribe canslim". Do not use quotes in your email.
-
- ------------------------------
-
- End of canslim-digest V2 #3394
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