Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] SHFL
Date: Wed, 4 Jun 2003 11:21:23 -0500
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Hi Avi,
Looking at the SHFL chart, I see some yellow flag price/volume action in the
last 4 days:
http://www.cwhcharts.com/katherine/SHFL060403.JPG
The last day on the chart is intraday (today), so doesn't yet reflect the
price/volume for end of day, so this can change.
When a chart seems iffy to me, I like to look at other risk factors to see if I
can get some additional clues. In this case, I went to the industry to see what
is happening technically. Overall, it's a mixed bag with many former leaders
like MGAM and PENN in a big technical sink hole, GTK with slipping earnings
growth, some new leaders shooting up on good volume, and other current leaders
giving signs they'd like to roll over. If you look at the industry chart, you
can see how the average technical behavior of the stocks has been lagging the
market:
http://www.cwhcharts.com/katherine/LeisureGaming053003.JPG
Another way of looking at it is to look at the fundamental/technical condition
of the stocks in the industry over time. This first matrix shows how the stocks
distributed across the matrix last month (5/5/3):
http://www.cwhcharts.com/katherine/LeisureGamingZones050503.JPG
At the time, there was a fairly good representation of "good" stocks in the
green zone. But, if you look at the current matrix, you can see that the stocks
have shifted to the left, meaning that they have fallen back technically. Here's
the matrix as of 6/3/3:
http://www.cwhcharts.com/katherine/LeisureGamingZones060303.JPG
I'm guessing that the odds favor SHFL pulling back to support at best, rolling
over at worst.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Bistricer, Avi
Sent: Monday, June 02, 2003 2:30 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] SHFL
Any comment on its action in the last few days? I'm in at $24.5. Thanks
Avi Bistricer, DBA
212.460.6695
bistricera@coned.com
-----Original Message-----
From: Rolf Hertenstein [mailto:rolfh@mindspring.com]
Sent: Monday, June 02, 2003 1:39 PM
To: canslim@lists.xmission.com
Subject: Re: Re: [CANSLIM] breakouts to come
Hi Bill - Are you referring to IBD's Screen of the Day?
I think in a recent discussion of the market, IBD mentioned that further
breakouts at this stage of this bull run (however long it'll be) are more likely
to be 'second rate'. The real leaders have broken out and already have good
gains. This won't stop me from looking of course.
Rolf
For list creation, I'd also do a quick scan of the daily updated stocks
featured on the IBD site for possible setup/entry points.
--
Bill
-----------------------------------------------------------------
I was just going through the charts of IBD100 last night, and was thinking
the exact same thing. Are there any other lists of high quality CANSLIM
stocks that should be scanned to check for proper price patterns?
Chris
----- Original Message -----
From: Ann Hollingworth
To: CANSLIM Listserv
Sent: Monday, June 02, 2003 4:28 AM
Subject: [CANSLIM] breakouts to come
It seems to me, as I hunt through WR and IBD100, that there are a lot of
overextended stocks, and not to many on the right side of their cup or
ready to break out.
It would seem to me that there could be two reasons for this:
1. The rally is going to wane.
2. The WR and IBD100 do not produce stocks at this state of their
development.
Any comments??
Ann
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<DIV><SPAN class=3D781550316-04062003>Hi Avi,</SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003>Looking at the SHFL chart, I see =
some yellow=20
flag price/volume action in the last 4 days:</SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003><A=20
href=3D"http://www.cwhcharts.com/katherine/SHFL060403.JPG">http://www.cwh=
charts.com/katherine/SHFL060403.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003>The last day on the chart is =
intraday=20
(today), so doesn't yet reflect the price/volume for end of day, so this =
can=20
change.</SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003>When a chart seems iffy to me, I =
like to=20
look at other risk factors to see if I can get some additional clues. In =
this=20
case, I went to the industry to see what is happening technically. =
Overall, it's=20
a mixed bag with many former leaders like MGAM and PENN in a big =
technical=20
sink hole, GTK with slipping earnings growth, some new leaders shooting =
up on=20
good volume, and other current leaders giving signs they'd like to =
roll=20
over. If you look at the industry chart, you can see how the average =
technical=20
behavior of the stocks has been lagging the market:</SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003><A=20
href=3D"http://www.cwhcharts.com/katherine/LeisureGaming053003.JPG">http:=
//www.cwhcharts.com/katherine/LeisureGaming053003.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003>Another way of looking at it is to =
look at=20
the fundamental/technical condition of the stocks in the industry =
over=20
time. This first matrix shows how the stocks distributed across the =
matrix last=20
month (5/5/3):</SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003><A=20
href=3D"http://www.cwhcharts.com/katherine/LeisureGamingZones050503.JPG">=
http://www.cwhcharts.com/katherine/LeisureGamingZones050503.JPG</A></SPAN=
></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003>At the time, there was a fairly =
good=20
representation of "good" stocks in the green zone. But, if you look at =
the=20
current matrix, you can see that the stocks have shifted to the left, =
meaning=20
that they have fallen back technically. Here's the matrix as of=20
6/3/3:</SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003><A=20
href=3D"http://www.cwhcharts.com/katherine/LeisureGamingZones060303.JPG">=
http://www.cwhcharts.com/katherine/LeisureGamingZones060303.JPG</A></SPAN=
></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003>I'm guessing that the odds favor =
SHFL=20
pulling back to support at best, rolling over at worst. </SPAN></DIV>
<DIV><SPAN class=3D781550316-04062003></SPAN><SPAN=20
class=3D781550316-04062003></SPAN> </DIV>
<DIV><SPAN class=3D781550316-04062003>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>Bistricer,=20
Avi<BR><B>Sent:</B> Monday, June 02, 2003 2:30 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM]=20
SHFL<BR><BR></FONT></DIV>
<DIV><SPAN class=3D144242820-02062003><FONT=20
face=3D"Courier New"> Any comment on its action in =
the last=20
few days? I'm in at $24.5. Thanks</FONT></SPAN></DIV>
<DIV><SPAN=20
=
class=3D144242820-02062003> <FON=
T=20
face=3D"Courier New"> </FONT></SPAN></DIV>
<DIV> </DIV>
<P><FONT face=3D"Courier New" size=3D4>Avi Bistricer, DBA</FONT> =
<BR><FONT=20
face=3D"Courier New" size=3D4>212.460.6695</FONT> <BR><FONT =
face=3D"Courier New"=20
size=3D4>bistricera@coned.com</FONT> </P>
<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> Rolf Hertenstein =
[mailto:rolfh@mindspring.com]<BR><B>Sent:</B> Monday, June 02, 2003 =
1:39=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
Re:=20
[CANSLIM] breakouts to come<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Hi Bill - Are you referring =
to IBD's=20
Screen of the Day?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I think in a recent discussion of =
the market,=20
IBD mentioned that further breakouts at this stage of this bull run =
(however=20
long it'll be) are more likely to be 'second rate'. The real =
leaders=20
have broken out and already have good gains. This won't stop =
me from=20
looking of course.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Rolf</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">For list creation, I'd also do a =
quick scan=20
of the daily updated stocks featured on the IBD site for possible=20
setup/entry=20
=
points.<BR><BR>--<BR>Bill<BR><BR> <BR><BR>--------------------------=
- ---------------------------------------<BR>I=20
was just going through the charts of IBD100 last night, and was=20
thinking<BR>the exact same thing. Are there any other lists =
of high=20
quality CANSLIM<BR>stocks that should be scanned to check for =
proper price=20
patterns?<BR><BR>Chris<BR> ----- Original Message ----- =
<BR> =20
From: Ann Hollingworth <BR> To: CANSLIM Listserv <BR> =
Sent:=20
Monday, June 02, 2003 4:28 AM<BR> Subject: [CANSLIM] =
breakouts to=20
come<BR><BR><BR> It seems to me, as I hunt through WR and =
IBD100,=20
that there are a lot of <BR>overextended stocks, and not to many =
on the=20
right side of their cup or<BR>ready to break out.<BR><BR> It =
would=20
seem to me that there could be two reasons for this:<BR><BR> =
1. The=20
rally is going to wane.<BR><BR> 2. The WR and IBD100 do not =
produce=20
stocks at this state of their<BR>development.<BR><BR> Any=20
comments??<BR><BR> =20
Ann<BR><BR></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Subject): Re: [CANSLIM] TALX Breakout Bill Triffet
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