Go to Jeff Salisbury LWGate Home Page.From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] MTLG
Date: Thu, 4 Sep 2003 07:30:55 -0700 (PDT)
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The stocks has very good fundies. But i have to agree with Dan. It looks like it is trying to form a handle right now. The way I see it, the LHS of cup is on 7/9 and the RHS of cup is 8/29. So, that makes the PP at $44.35. Low volume at the bottom of the cup, good sign. As it was making the RHS of the cup, the volume increased, which is also good. One thing that concerns me is that some of the HIGH volume days closed at the low end of the trading range. I think that is a sign of weakness. IMHO tomas - --- Dan Forant <dforant1@nycap.rr.com> wrote: > What chart formation are you using? I see a stock > ranging from 39-30 for 8 weeks. Fundies are good > just no recommended formation. This is a cup at best > with no handle. > > DanF > ----- Original Message ----- > From: Sébastien Derks > To: canslim@lists.xmission.com > Sent: Thursday, September 04, 2003 5:57 AM > Subject: [CANSLIM] MTLG > > > > > > > Does anyone see something worrying about this > stock? > > > > It has a pivot point at $39.79 and according to > what I understand from breakoutwatch.com and > stocktables.com the RS and EPS and other > fundamentals seem to be excellent including it being > in the 5th top industry group. But maybe I > overlooked some important information when I bought > it, so I would appreciate some feedback and some > learning experience for me. > > > > Thanks a lot! > > > > Sébastien > __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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.
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