Go to Jeff Salisbury LWGate Home Page.From: "John Adair" <xjadair@brightok.net>
Subject: RE: [CANSLIM] Re:bzh & chbs
Date: Sat, 15 Dec 2001 20:35:21 -0600
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I learned .Thanks
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Saturday, December 15, 2001 4:55 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Re: BREL
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 <mailto:stkguru@netside.net>
AIM: TexWorley
- ----- Original Message -----
From: Tim Fisher <mailto:Tim@orerockon.com>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
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?
>
>-
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Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com
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style=3D'tab-interval:.5in'>
<div class=3DSection1>
<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>I =
learned
.Thanks<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><!=
[if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Tom Worley<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Saturday, December =
15, 2001
4:55 AM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
Re: BREL</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:10.0pt;color:black'>Tim,</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:10.0pt;color:black'>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).</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:10.0pt;color:black'>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.</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:10.0pt;color:black'>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.</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:10.0pt;color:black'>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.</span></font><font color=3Dblack><span =
style=3D'color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Tom Worley<br>
<a href=3D"mailto:stkguru@netside.net">stkguru@netside.net</a><br>
AIM: TexWorley</span></font><font color=3Dblack><span =
style=3D'color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'>-----
Original Message ----- </span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;background:#E4E4E4;border:none;mso-border-left-alt:so=
lid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>
<div style=3D'font-color:black'>From:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:Tim@orerockon.com" title=3D"Tim@orerockon.com">Tim =
Fisher</a> </span></font></div>
<font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>=
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>To:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font><font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span=
></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Sent:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Friday, =
December 14,
2001 11:09 AM</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Subject:</span></font></b><font size=3D2 color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Re:
[CANSLIM] Re: BREL</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'><![if =
!supportEmptyParas]> <![endif]></span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>I =
see a
short, flat handle starting Dec 5 forming at the old high of 32.50,<br>
range of about 29-33. I do not see an upward slope in either the =
closing<br>
price or the trading range in the handle.<br>
<br>
At 11:01 AM 12/14/2001 -0500, you wrote:<br>
>Doesn't the upward-sloping handle on BREL concern you?<br>
><br>
>-<br>
>-To subscribe/unsubscribe, email "<a
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</a>"<b=
r>
>-In the email body, write "subscribe canslim" or<br>
>-"unsubscribe canslim". Do not use quotes in your =
email.<br>
<br>
Tim Fisher<br>
Ore-ROCK-On Rockhounding Web Site<br>
Pacific Fishery Biologists Information<br>
<a href=3D"mailto:tim@OreRockOn.com">mailto:tim@OreRockOn.com</a><br>
WWW <a href=3D"http://OreRockOn.com">http://OreRockOn.com</a><br>
<br>
- -<br>
- -To subscribe/unsubscribe, email "<a =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</a>"<b=
r>
- -In the email body, write "subscribe canslim" or<br>
- -"unsubscribe canslim". Do not use quotes in your =
email.</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
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Next Article (by Author): RE: [CANSLIM] duplicatein a column "John Adair"
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