From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1789 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 Wednesday, November 7 2001 Volume 02 : Number 1789 In this issue: Re: [CANSLIM] PECS Re: [CANSLIM] Secondary's Re: [CANSLIM] PECS Re: [CANSLIM] PECS RE: [CANSLIM] TARO Re: [CANSLIM] TARO Re: [CANSLIM] TARO [CANSLIM] IBD on TARO Re: [CANSLIM] IBD on TARO Re: [CANSLIM] IBD on TARO ---------------------------------------------------------------------- Date: Wed, 07 Nov 2001 19:48:46 -0700 From: esetser Subject: Re: [CANSLIM] PECS The paper's earlier bullishness has been fading quickly, and they've discussed both the distribution days and the number of breakouts that are rolling over. They seem to be saying that at this point they are looking for better confirmation of the rally before getting heavily invested now. At 05:32 AM 11/7/01 -0800, you wrote: >All the IBD subscribers out there, where is the paper on all these >breakouts/breakdowns? Stocks I am watching that broke down after breaking >out are too numerous to mention, but FHRX is the latest. Of my recent >purchases only FCN, MIKE, HRH & AJG are not broken down/in the process of >breaking down. I only wish I hadn't taken my profits and run on FLIR in August. > >At 09:28 PM 11/6/2001 -0700, you wrote: >>Boy, today would certainly put me on alert. This isn't an orderly fallback >>with few sellers, and probably is the worst thing you could see in a >>handle. I would want to see some good volume support before buying now, >>and that makes for a high volume handle. >> >>At 08:21 PM 11/6/01 -0600, you wrote: >> > If volume dries up and a handle is formed would this stock be a buy >> >or would today's action be a cause for concern? Thanks, Matt >> >>- >>-To subscribe/unsubscribe, email "majordomo@xmission.com" >>-In the email body, write "subscribe canslim" or >>-"unsubscribe canslim". Do not use quotes in your email. > >Tim Fisher >Ore-ROCK-On Rockhounding Web Site >Pacific Fishery Biologists Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.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: Wed, 7 Nov 2001 21:49:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Secondary's This is a multi-part message in MIME format. - ------=_NextPart_000_00AB_01C167D6.24E479E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Katherine, No need to eat the humble pie, you may be correct in your understanding. = From my experience, and off the top of my head, what you describe as a = "primary" offering is simply a negotiated offering of a block of stock. = I am assuming in most cases that the block is already registered shares, = thus no registration filing is required with the SEC, it is just a = matter of negotiating a price. And since the seller is not an "insider", = then there are no volume limitations on the sale. I am not familiar with the term "primary offering", possibly because I = was rarely involved with such block trades of registered stock. A = "secondary offering" from my understanding always requires a = registration with the SEC and a prospectus, so by definition that would = exclude a block offering of registered stock. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 07, 2001 9:34 PM Subject: Re: [CANSLIM] Secondary's OK, I'm going to have to eat some humble pie here. I forgot to = consider that the company can have Treasury Stock in their own coffers. = (Previously issued stock that they repurchased at some point.) If the = secondary offering comes from Treasury Stock, then of course, they get = the proceeds. =20 However, an IPO is an initial offering of newly issued stock, a *type* = of primary distribution. A newly issued corporate bond would also be a = primary distribution. =20 I'll just be quiet now before that piece of pie chokes me! =20 Katherine =20 =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 07, 2001 8:12 PM Subject: Re: [CANSLIM] Secondary's My understanding is that typically you have an IPO (Initial Public = Offering). After that, all offerings are considered secondary public = offerings, whether or not the shares offered for sale are new ones = issued by the company, or existing restricted shares registered for sale = in the offering, or some combination of both. The amount of money received by the company will depend on how many = of the shares are newly issued shares (or come from Treasury), which = must be disclosed in the red herring prospectus. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 07, 2001 8:53 PM Subject: Re: [CANSLIM] Secondary's Katherine: I thought "primary offerings" were the initial stock = offerings of a=20 company. Every other time more stock of the same company is = offered by that=20 company, then that is denominated a "secondary offering". In = either case the=20 company should get the proceeds (minus the investment bank's = commission). =20 Otherwise, why offer a secondary? jans (Thanks for the info on CPRT. I didn't realize that they had = no debt) =20 In a message dated 11/7/2001 9:34:26 AM Eastern Standard Time,=20 kmalm@earthlink.net writes: << I think BVF and CPRT are primary offerings, meaning the company = will get=20 the proceeds. I'd have to read the prospectus to see their intended = use of proceeds, but in BVF's case, I'd bet they're taking advantage of = a very good stock price and using it to retire a chunk of their substantial = debt. As CPRT has no debt, I bet they're going to use it for acquisitions. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_00AB_01C167D6.24E479E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Katherine,
 
No need to eat the humble pie, you may be correct in = your=20 understanding. From my experience, and off the top of my head, what you = describe=20 as a "primary" offering is simply a negotiated offering of a block of = stock. I=20 am assuming in most cases that the block is already registered shares, = thus no=20 registration filing is required with the SEC, it is just a matter of = negotiating=20 a price. And since the seller is not an "insider", then there are no = volume=20 limitations on the sale.
 
I am not familiar with the term "primary offering", = possibly=20 because I was rarely involved with such block trades of registered = stock. A=20 "secondary offering" from my understanding always requires a = registration with=20 the SEC and a prospectus, so by definition that would exclude a block = offering=20 of registered stock.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com =
Sent: Wednesday, November 07, = 2001 9:34=20 PM
Subject: Re: [CANSLIM] = Secondary's

OK, I'm going to have to eat some = humble pie=20 here. I forgot to consider that the company can have Treasury Stock in = their=20 own coffers. (Previously issued stock that they repurchased at some = point.) If=20 the secondary offering comes from Treasury Stock, then of course, they = get the=20 proceeds.
 
However, an IPO is an initial = offering of newly=20 issued stock, a *type* of primary distribution. A newly issued = corporate bond=20 would also be a primary distribution.
 
I'll just be quiet now before that = piece of pie=20 chokes me!
 
Katherine
 
 
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com =
Sent: Wednesday, November 07, = 2001 8:12=20 PM
Subject: Re: [CANSLIM]=20 Secondary's

My understanding is that typically you have an = IPO=20 (Initial Public = Offering). After=20 that, all offerings are considered secondary=20 public offerings, whether or = not the=20 shares offered for sale are new ones issued by the company, or = existing=20 restricted shares registered for sale in the offering, or some = combination=20 of both.
 
The amount of money received by the company will = depend on=20 how many of the shares are newly issued shares (or come from = Treasury),=20 which must be disclosed in the red herring prospectus.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 Spencer48@aol.com
To: canslim@lists.xmission.com =
Sent: Wednesday, November = 07, 2001=20 8:53 PM
Subject: Re: [CANSLIM]=20 Secondary's

Katherine:

     I = thought=20 "primary offerings" were the initial stock offerings of a=20
company.  Every other time more stock of the same company = is=20 offered by that
company, then that is denominated a "secondary = offering".  In either case the
company should get the = proceeds=20 (minus the investment bank's commission). 
Otherwise, why = offer a=20 secondary?

jans (Thanks for the info on CPRT.  I = didn't=20 realize that they had no = debt)



    =20


In a message dated 11/7/2001 9:34:26 AM Eastern = Standard Time,=20
kmalm@earthlink.net = writes:

<< I think BVF and CPRT are primary = offerings,=20 meaning the company will get
the
 proceeds. I'd have = to read=20 the prospectus to see their intended use of
 proceeds, but = in=20 BVF's case, I'd bet they're taking advantage of a very = good
 stock=20 price and using it to retire a chunk of their substantial debt.=20 As
 CPRT has no debt, I bet they're going to use it for=20 acquisitions.
  >>

-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
- ------=_NextPart_000_00AB_01C167D6.24E479E0-- - - - -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, 07 Nov 2001 19:53:09 -0700 From: esetser Subject: Re: [CANSLIM] PECS April was the bottom? I think we have already proven that was wrong. I don't see any indexes that bottomed before Sept, right?? At 07:49 AM 11/7/01 -0600, you wrote: >Good point, Tim. IBD's done some lip service to "playing skeptical" and >pointing out failed breakouts, but I still think they're trying to protect >their stance that April was the bottom and are editorially crippled until >that's proven out. I think it also shows the weakness in CANSLIM in >adequately addressing industry rotation in a trendless market. All the more >reason for us to do our own homework. > >Katherine >kmalm@earthlink.net > > - - - -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, 7 Nov 2001 21:07:20 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] PECS Drat. That's twice in one day. My writing was unclear. You're right that September lows undercut April. My intent was to say that I think that they have tended to be somewhat biased since April due to "the letter." Since the followthru day here recently, they have tended to write with a bullish bias even though breadth indicators don't completely confirm that we're headed into a new bull of any strength or longevity. Katherine Will someone please send me an editor? - ----- Original Message ----- From: "esetser" To: Sent: Wednesday, November 07, 2001 8:53 PM Subject: Re: [CANSLIM] PECS > April was the bottom? I think we have already proven that was wrong. I > don't see any indexes that bottomed before Sept, right?? > > At 07:49 AM 11/7/01 -0600, you wrote: > >Good point, Tim. IBD's done some lip service to "playing skeptical" and > >pointing out failed breakouts, but I still think they're trying to protect > >their stance that April was the bottom and are editorially crippled until > >that's proven out. I think it also shows the weakness in CANSLIM in > >adequately addressing industry rotation in a trendless market. All the more > >reason for us to do our own homework. > > > >Katherine > >kmalm@earthlink.net > > > > > > > - > -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, 7 Nov 2001 21:07:13 -0600 From: "Hill, Ernie" Subject: RE: [CANSLIM] TARO I feel compelled to add my 2 cents. I have just completed my Gann angle line analysis on TARO. 48 is a very short term resistance level which will likely turn the stock down for a couple of days to a week. after this short downturn major resistance should be around 52. If the stock continues higher tomorrow thru the minor resistance level of 48 it will likely be stopped at the current major resistance level of 50 at which point I will sell my position. I agree with Katherine and John that there is underlying weakness that will likely cause TARO to be another false break out. I hope I don't fool around to long and lose my profit on this one too. E - -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Wednesday, November 07, 2001 9:36 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] TARO Thanks for your insight. Though I don't use MACD, I'd reached the same conclusion on TARO. Maybe this will turn out to be a learning point... Katherine - ----- Original Message ----- From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" To: Sent: Wednesday, November 07, 2001 9:46 AM Subject: RE: [CANSLIM] TARO > Dave, Katherine, > > I was just taking a look at TARO's MACD-Hist (one of my favorite indicators) > and I see a bearish diversion. The consecutively higher peaks in price on > Oct 11, Oct 25, and today correspond to consecutively lower peaks in the > MACD-Hist. That's a divergence that supposedly indicates an underlying > weakness that will imminently lead to a pullback. Perhaps the stock will > stall at 48 and drop back to form a handle? Nice volume today, though. > I'll be watching with interest. > > John C. > > -----Original Message----- > From: Katherine Malm [mailto:kmalm@earthlink.net] > Sent: Wednesday, November 07, 2001 9:54 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] TARO > > > Dave, > > Yeah, was watching that as well. Nice action so far. You think it has legs? > I'm only skeptical due to weakness in other players. > > Also nice B/O on PNRA. Gap open on earnings news and increased guidance. So > far holding the gap. > > Katherine > kmalm@earthlink.net > ----- Original Message ----- > From: "Dave" > To: > Sent: Wednesday, November 07, 2001 8:58 AM > Subject: [CANSLIM] TARO > > > > TARO may be breaking out. Early volume looks encouraging. IBD ratings are > > excellent. > > > > > > - > > -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. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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, 7 Nov 2001 22:19:14 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] TARO This is a multi-part message in MIME format. - ------=_NextPart_000_0010_01C167DA.3C2E8E20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi John, I almost always use CANSLIM to select my candidate stocks. TA (Technical = Analysis) only comes into play for me when I am trying to make a buy / = sell / hold decision (and have the time to do TA), thus I use it only = for timing. MACD is my favorite (Moving Average Convergence Divergence), = but I also look at MF (Money Flow) and OBV (On Balance Volume). Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Cefaloni, John L Jr. [AMSTA-AR-WEA]=20 To: 'canslim@lists.xmission.com'=20 Sent: Wednesday, November 07, 2001 11:15 AM Subject: RE: [CANSLIM] TARO Katherine, How did you reach the same point - by observing TARO's peers? =20 I haven't read HTMMIS is a while, but I always question to what extent = tech analysis fits into CANSLIM. I usually think of CANSLIM as the = preferred method for picking stocks and tech analysis to help time or at least = confirm a purchase. As I write this, TARO is flirting with $48 under heavy volume and is = very close to a CANSLIM breakout (old intraday high of 49 3/8 on July 19), = but my indicators show a red light. John C. -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Wednesday, November 07, 2001 10:36 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] TARO Thanks for your insight. Though I don't use MACD, I'd reached the same conclusion on TARO. Maybe this will turn out to be a learning point... Katherine ----- Original Message ----- From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" To: Sent: Wednesday, November 07, 2001 9:46 AM Subject: RE: [CANSLIM] TARO > Dave, Katherine, > > I was just taking a look at TARO's MACD-Hist (one of my favorite indicators) > and I see a bearish diversion. The consecutively higher peaks in = price on > Oct 11, Oct 25, and today correspond to consecutively lower peaks in = the > MACD-Hist. That's a divergence that supposedly indicates an = underlying > weakness that will imminently lead to a pullback. Perhaps the stock = will > stall at 48 and drop back to form a handle? Nice volume today, = though. > I'll be watching with interest. > > John C. > > -----Original Message----- > From: Katherine Malm [mailto:kmalm@earthlink.net] > Sent: Wednesday, November 07, 2001 9:54 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] TARO > > > Dave, > > Yeah, was watching that as well. Nice action so far. You think it = has legs? > I'm only skeptical due to weakness in other players. > > Also nice B/O on PNRA. Gap open on earnings news and increased = guidance. So > far holding the gap. > > Katherine > kmalm@earthlink.net > ----- Original Message ----- > From: "Dave" > To: > Sent: Wednesday, November 07, 2001 8:58 AM > Subject: [CANSLIM] TARO > > > > TARO may be breaking out. Early volume looks encouraging. IBD = ratings are > > excellent. > > > > > > - > > -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. - -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. - ------=_NextPart_000_0010_01C167DA.3C2E8E20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi John,
 
I almost always use CANSLIM to select my = candidate=20 stocks. TA (Technical Analysis) only comes into play for me when I am = trying to=20 make a buy / sell / hold decision (and have the time to do TA), thus I = use it=20 only for timing. MACD is my favorite (Moving Average Convergence = Divergence),=20 but I also look at MF (Money Flow) and OBV (On Balance = Volume).
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Cefaloni,=20 John L Jr. [AMSTA-AR-WEA]
To: 'canslim@lists.xmission.com' =
Sent: Wednesday, November 07, = 2001 11:15=20 AM
Subject: RE: [CANSLIM] = TARO

Katherine,

How did you reach the same point - by = observing TARO's peers? 

I haven't read HTMMIS is a = while, but I=20 always question to what extent tech
analysis fits into = CANSLIM.  I=20 usually think of CANSLIM as the preferred
method for picking stocks = and=20 tech analysis to help time or at least confirm
a = purchase.

As I=20 write this, TARO is flirting with $48 under heavy volume and is = very
close=20 to a CANSLIM breakout (old intraday high of 49 3/8 on July 19), but=20 my
indicators show a red light.

John C.

-----Original = Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Se= nt:=20 Wednesday, November 07, 2001 10:36 AM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] TARO


Thanks for your insight. Though I don't = use=20 MACD, I'd reached the same
conclusion on TARO. Maybe this will turn = out to=20 be a learning point...

Katherine
----- Original Message=20 -----
From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" <cefaloni@pica.army.mil>
= To:=20 <canslim@lists.xmission.com= >
Sent:=20 Wednesday, November 07, 2001 9:46 AM
Subject: RE: [CANSLIM]=20 TARO


> Dave, Katherine,
>
> I was just = taking a look=20 at TARO's MACD-Hist (one of my favorite
indicators)
> and I = see a=20 bearish diversion.  The consecutively higher peaks in price = on
>=20 Oct 11, Oct 25, and today correspond to consecutively lower peaks in=20 the
> MACD-Hist.  That's a divergence that supposedly = indicates an=20 underlying
> weakness that will imminently lead to a = pullback. =20 Perhaps the stock will
> stall at 48 and drop back to form a=20 handle?  Nice volume today, though.
> I'll be watching with = interest.
>
> John C.
>
> -----Original=20 Message-----
> From: Katherine Malm [mailto:kmalm@earthlink.net]
&g= t;=20 Sent: Wednesday, November 07, 2001 9:54 AM
> To: canslim@lists.xmission.com=
>=20 Subject: Re: [CANSLIM] TARO
>
>
> = Dave,
>
>=20 Yeah, was watching that as well. Nice action so far. You think it=20 has
legs?
> I'm only skeptical due to weakness in other=20 players.
>
> Also nice B/O on PNRA. Gap open on earnings = news and=20 increased guidance.
So
> far holding the gap.
>
> = Katherine
> kmalm@earthlink.net
> = - -----=20 Original Message -----
> From: "Dave" <drubin@i-2000.com>
> = To: <canslim@lists.xmission.com= >
>=20 Sent: Wednesday, November 07, 2001 8:58 AM
> Subject: [CANSLIM]=20 TARO
>
>
> > TARO may be breaking out. Early = volume looks=20 encouraging. IBD ratings
are
> > excellent.
> = >
>=20 >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 -In the email body, write "subscribe canslim" or
> > = - -"unsubscribe=20 canslim".  Do not use quotes in your = email.
>
>
>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.
>
> = - -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.

-
-To subscribe/unsubscribe, = email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0010_01C167DA.3C2E8E20-- - - - -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, 7 Nov 2001 22:31:04 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] TARO This is a multi-part message in MIME format. - ------=_NextPart_000_001D_01C167DB.E3109CA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Dave, If memory serves me right, and at my age that's doubtful, TARO at one = point was a LLUR. At the end of June, it broke that pattern and = eventually emerged as a triple bottom. Presently, that's how I would = treat it. Today's heavy volume and price appreciation makes it a full = fledged b/o, IMO. That's based upon more than a 5% move over the short = (8 trading day) handle, a price well over the middle of the "W" of the = last two bottoms, and the volume. For a "pure" pivot point, I would = think you need it to break over 49.38. the intraday high set on 7/19 = before the second and third legs downward showed up. In hindsight, that = clearly marked a point where investors should have been thinking about = reducing their position, or exiting entirely.=20 This stock was well in retreat before 9/11, so the recovery since is = more on merit than a rebound from an over reaction. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Dave=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 07, 2001 9:58 AM Subject: [CANSLIM] TARO TARO may be breaking out. Early volume looks encouraging. IBD ratings = are excellent. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_001D_01C167DB.E3109CA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Dave,
 
If memory serves me right, and at my age that's = doubtful, TARO=20 at one point was a LLUR. At the end of June, it broke that pattern and=20 eventually emerged as a triple bottom. Presently, that's how I would = treat it.=20 Today's heavy volume and price appreciation makes it a full fledged b/o, = IMO.=20 That's based upon more than a 5% move over the short (8 trading day) = handle, a=20 price well over the middle of the "W" of the last two bottoms, and the = volume.=20 For a "pure" pivot point, I would think you need it to break over 49.38. = the=20 intraday high set on 7/19 before the second and third legs downward = showed up.=20 In hindsight, that clearly marked a point where investors should have = been=20 thinking about reducing their position, or exiting entirely. =
 
This stock was well in retreat before 9/11, so the = recovery=20 since is more on merit than a rebound from an over = reaction.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Dave
To: canslim@lists.xmission.com =
Sent: Wednesday, November 07, = 2001 9:58=20 AM
Subject: [CANSLIM] TARO

TARO may be breaking out. Early volume looks = encouraging. IBD=20 ratings are
excellent.


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- ------=_NextPart_000_001D_01C167DB.E3109CA0-- - - - -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, 7 Nov 2001 21:34:11 -0600 From: "Norman" Subject: [CANSLIM] IBD on TARO IBD, in the Big Picture for tomorrow's edition, touts the TARO breakout as an example of a one of the most notable of "Higher-quality stocks.." that "... are also starting to join the rally." They mention the "full pipeline of potential drug approvals" as a possible source of fuel for it's rally. Also mentioned the 142% increase in earnings in the last quarter. Hope this does not kill it; since I bot today. Norm - - - -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, 7 Nov 2001 22:55:07 -0500 From: "Ann" Subject: Re: [CANSLIM] IBD on TARO Let's believe Tom, and not Ernie. - ----- Original Message ----- From: "Norman" To: Sent: Wednesday, November 07, 2001 10:34 PM Subject: [CANSLIM] IBD on TARO : IBD, in the Big Picture for tomorrow's edition, touts the TARO breakout as : an example of a one of the most notable of "Higher-quality stocks.." that : "... are also starting to join the rally." They mention the "full pipeline : of potential drug approvals" as a possible source of fuel for it's rally. : Also mentioned the 142% increase in earnings in the last quarter. Hope this : does not kill it; since I bot today. : : Norm : : : : - : -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, 7 Nov 2001 23:02:12 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] IBD on TARO This is a multi-part message in MIME format. - ------=_NextPart_000_005F_01C167E0.3CAEABE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ann, please remember that I am just one opinion among many, and this = stock is one which I would not own either personally or in my VR fund = because of its size, industry group, and price.=20 Believe what the market, and the chart, and the stock, is telling you, = not what any of us may offer as an opinion. Let our thinking and = comments give you a challenge to your own thinking, and hopefully = achieve a clearer and less emotional perspective. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ann=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, November 07, 2001 10:55 PM Subject: Re: [CANSLIM] IBD on TARO Let's believe Tom, and not Ernie. ----- Original Message ----- From: "Norman" To: Sent: Wednesday, November 07, 2001 10:34 PM Subject: [CANSLIM] IBD on TARO : IBD, in the Big Picture for tomorrow's edition, touts the TARO = breakout as : an example of a one of the most notable of "Higher-quality stocks.." = that : "... are also starting to join the rally." They mention the "full pipeline : of potential drug approvals" as a possible source of fuel for it's = rally. : Also mentioned the 142% increase in earnings in the last quarter. = Hope this : does not kill it; since I bot today. : : Norm : : : : - : -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. - ------=_NextPart_000_005F_01C167E0.3CAEABE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ann, please remember that I am just one opinion = among many,=20 and this stock is one which I would not own either personally or in my = VR fund=20 because of its size, industry group, and price.
 
Believe what the market, and the chart, and the = stock, is=20 telling you, not what any of us may offer as an opinion. Let our = thinking and=20 comments give you a challenge to your own thinking, and hopefully = achieve a=20 clearer and less emotional perspective.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Ann=20
To: canslim@lists.xmission.com =
Sent: Wednesday, November 07, = 2001 10:55=20 PM
Subject: Re: [CANSLIM] IBD on = TARO

Let's believe Tom, and not Ernie.

----- Original = Message=20 -----
From: "Norman" <theboyd@tisd.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Wednesday, November 07, 2001 10:34 PM
Subject: [CANSLIM] IBD on=20 TARO


: IBD, in the Big Picture for tomorrow's edition, = touts the=20 TARO breakout as
: an example of a one of the most notable of=20 "Higher-quality stocks.." that
: "... are also starting to join the = rally."  They mention the "full
pipeline
: of potential = drug=20 approvals" as a possible source of fuel for it's rally.
: Also = mentioned=20 the 142% increase in earnings in the last quarter.  = Hope
this
:=20 does not kill it; since I bot today.
:
: = Norm
:
:
:
: -
:=20 -To subscribe/unsubscribe, email "majordomo@xmission.com"
: = - -In the=20 email body, write "subscribe canslim" or
: -"unsubscribe = canslim".  Do=20 not use quotes in your email.
:


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_005F_01C167E0.3CAEABE0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1789 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.