Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Re: BREL
Date: Sat, 15 Dec 2001 05:54:37 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0046_01C1852C.FAB362C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tim, After reading all the comments about this one, I must agree with you. I = believe it was Katherine that mentioned the handle does not get counted = as part of the "basing formation" but I do not recall that being correct = (at least I always counted since it is an essential part of a c&h = formation). One point no one seems to have mentioned is that this is a small cap = stock that was under $12 on 9/28, when it actually began its move. Up to = then, it was characterized by a lengthy flat line base, just the kind of = stock I look for. Can't believe I missed it, because the key was the Q2 = results, where they showed strong growth in earnings both y2y and = sequentially. Sales also showed good growth. Management owns 43% of the issue, leaving only 4.7 million shares in the = float. Of that, funds owned 18% as of the last report (presumably as of = 9/30) so their holdings may have increased substantially. While ADV now = is over 300K shares a day, before the end of Sept it was a sleepy eyed = stock, often trading less than a 1000 shares a day. BIG change in less = than 3 months, and not all due to the anthrax attacks, since growth was = already occurring before then. With the float turning over in just 16 days, you are usually going to = get a shortened "basing formation", so even if the handle is not to be = counted, the five weeks forming the cup is still valid in my book. Some = tolerance and deviation from the strict rules must be given due the = small float and rapid growth in daily volume. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Tim Fisher=20 To: canslim@lists.xmission.com=20 Sent: Friday, December 14, 2001 11:09 AM Subject: Re: [CANSLIM] Re: BREL I see a short, flat handle starting Dec 5 forming at the old high of = 32.50, range of about 29-33. I do not see an upward slope in either the = closing price or the trading range in the handle. At 11:01 AM 12/14/2001 -0500, you wrote: >Doesn't the upward-sloping handle on BREL concern you? > >- >-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. - ------=_NextPart_000_0046_01C1852C.FAB362C0 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 content=3D"text/html; charset=3Diso-8859-1" = http-equiv=3DContent-Type> <META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT size=3D2>Tim,</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>After reading all the comments about this one, I = must agree=20 with you. I believe it was Katherine that mentioned the handle = does not=20 get counted as part of the "basing formation" but I do not recall that = being=20 correct (at least I always counted since it is an essential part of a = c&h=20 formation).</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>One point no one seems to have mentioned is that = this is a=20 small cap stock that was under $12 on 9/28, when it actually began its = move. Up=20 to then, it was characterized by a lengthy flat line base, just the kind = of=20 stock I look for. Can't believe I missed it, because the key was the Q2 = results,=20 where they showed strong growth in earnings both y2y and sequentially. = Sales=20 also showed good growth.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Management owns 43% of the issue, leaving only 4.7 = million=20 shares in the float. Of that, funds owned 18% as of the last report = (presumably=20 as of 9/30) so their holdings may have increased substantially. While = ADV now is=20 over 300K shares a day, before the end of Sept it was a sleepy eyed = stock, often=20 trading less than a 1000 shares a day. BIG change in less than 3 months, = and not=20 all due to the anthrax attacks, since growth was already occurring = before=20 then.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>With the float turning over in just 16 days, you are = usually=20 going to get a shortened "basing formation", so even if the handle is = not to be=20 counted, the five weeks forming the cup is still valid in my book. Some=20 tolerance and deviation from the strict rules must be given due the = small float=20 and rapid growth in daily volume.</FONT></DIV> <DIV> </DIV> <DIV>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley<BR></DIV> <BLOCKQUOTE=20 style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: = 0px; PADDING-LEFT: 5px; PADDING-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 href=3D"mailto:Tim@orerockon.com" title=3DTim@orerockon.com>Tim = Fisher</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20 href=3D"mailto:canslim@lists.xmission.com"=20 title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> = </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, December 14, 2001 = 11:09=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Re: = BREL</DIV> <DIV><BR></DIV>I see a short, flat handle starting Dec 5 forming at = the old=20 high of 32.50,<BR>range of about 29-33. I do not see an upward slope = in either=20 the closing<BR>price or the trading range in the handle.<BR><BR>At = 11:01 AM=20 12/14/2001 -0500, you wrote:<BR>>Doesn't the upward-sloping handle = on BREL=20 concern you?<BR>><BR>>-<BR>>-To subscribe/unsubscribe, email = "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ;-In=20 the email body, write "subscribe canslim" or<BR>>-"unsubscribe=20 canslim". Do not use quotes in your email.<BR><BR>Tim=20 Fisher<BR>Ore-ROCK-On Rockhounding Web Site<BR>Pacific Fishery = Biologists=20 Information<BR><A=20 href=3D"mailto:tim@OreRockOn.com">mailto:tim@OreRockOn.com</A><BR>WWW = <A=20 href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR><BR>-<BR>-To = subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0046_01C1852C.FAB362C0-- - - - -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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