RE: [CANSLIM] TTWO and SEBL

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] TTWO and SEBL
Date: Wed, 3 Sep 2003 15:15:58 -0500

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Hi All,

One of the interesting phenomenon of the RSRank is that when a base is very
long and/or when the base is forming while the majority of the market is
moving up, the RSRank will tend to be quite low. When mining for candidates,
one of the techniques I use is to find what I call "long cups" with RSRanks
lower than I would otherwise review. If the other desirable characteristics
are in place such as a well formed base, high quality fundamentals and a
rising RSLine, then I will throw it in the pile for consideration. Another
recent example of a good quality stock breaking out with a relatively low
RSRank was TALX which had an RSRank of 64 the day before it broke out in
late May and went on to double in a couple of months.

The advantage of understanding the nuances of a flawed measurement like
RSRank is that you can make adjustments to your mining techniques as market
conditions dictate. I see the RSRank as a shortcut to finding strength
quickly and as a means of avoiding clunkers, but mining lower in the ranks
will turn up some real gems if done with appropriate discipline.

Nice mining Pritish!

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Pritish Shah
Sent: Wednesday, September 03, 2003 1:34 PM
To: canslim@lists.xmission.com; hrodkin@yahoo.com
Subject: RE: [CANSLIM] TTWO and SEBL


I looked at the gap up in yahoo pre-trading.

Caution: of all the stocks that I have seen gap up in the past several,
only this one has held to a higher price than open.

What I looked at was the gapup, then I looked at the chart pattern (CwH)
and then I went to IBD to do a checkup. They all were positive and the
news coming out suggested a turnaround which is when I decided to buy
the stock.

And as Katherine pointed out to me, this is a very low RS stock so I was
taking a huge risk as there were several other better candidates.

So please do not use what I did as a yardstick to make more trades. I
just got lucky. As you can see, SEBL did not go anywhere.

Pritish


>>> hrodkin@yahoo.com 09/03/03 1:43 PM >>>
Pritish,
Congrats! How did you get alerted to TTWO?

Howard
The universe is a big place, perhaps the biggest.
Kilgore Trout, (Philip Jose Farmer), "Venus on the Half Shell"

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Pritish Shah
Sent: Wednesday, September 03, 2003 6:39 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] TTWO and SEBL


TTWO: Looks like good stock with a great CwH. My target price $38. Got
in at 32.57 on market open.
SEBL: Looks good too. Bought it but forgot the cardinal rule -- buy
only stocks that are profitable. Lets See. Got in at 11.28.

Pritish



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