Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Re: BREL
Date: Sat, 15 Dec 2001 06:17:54 -0600
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Tom,
So I have already learned something new for the day and it's 6 am. I =
think that merits going back to bed and watching movies all day.
I pulled my technical notes, and you are absolutely right, the handle is =
considered to be part of the base. My apologies to David of camelot =
homes for my error yesterday.
Another thing which I noticed about BREL after the discussion yesterday =
is that it is a stock that was setting up for an "explosive breakout" =
with ever decreasing volatility as specified by Larry Conners of =
TradingMarkets.com. The track record on these things is very good.
I believe it was Perry who first brought this stock up on the list in =
early November. There was some discussion of what they did at the time. =
In addition to the smallpox vaccine, they are what I call a "picks and =
shovels" play to the biotech industry. As I see it, biotech is setting =
up for a big move that could be very long lasting.
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Saturday, December 15, 2001 4:54 AM
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
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
-
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-"unsubscribe canslim". Do not use quotes in your email.
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Tom,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>So I have already learned something new =
for the day=20
and it's 6 am. I think that merits going back to bed and watching movies =
all=20
day.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I pulled my technical notes, and you =
are absolutely=20
right, the handle is considered to be part of the base. My apologies to =
David of=20
camelot homes for my error yesterday.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Another thing which I noticed about =
BREL after the=20
discussion yesterday is that it is a stock that was setting up for an =
"explosive=20
breakout" with ever decreasing volatility as specified by Larry Conners =
of=20
TradingMarkets.com. The track record on these things is very =
good.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I believe it was Perry who first =
brought this stock=20
up on the list in early November. There was some discussion of what they =
did at=20
the time. In addition to the smallpox vaccine, they are what I call a =
"picks and=20
shovels" play to the biotech industry. As I see it, biotech is setting =
up for a=20
big move that could be very long lasting.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Katherine</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@netside.net href=3D"mailto:stkguru@netside.net">Tom =
Worley</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, December 15, =
2001 4:54=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Re: =
BREL</DIV>
<DIV><BR></DIV>
<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.=20
Up 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=20
results, where they showed strong growth in earnings both y2y and=20
sequentially. Sales 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=20
(presumably as of 9/30) so their holdings may have increased =
substantially.=20
While ADV now is over 300K shares a day, before the end of Sept it was =
a=20
sleepy eyed stock, often trading less than a 1000 shares a day. BIG =
change in=20
less than 3 months, and not all due to the anthrax attacks, since =
growth was=20
already occurring before 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=20
be 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=20
float 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"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3DTim@orerockon.com href=3D"mailto:Tim@orerockon.com">Tim =
Fisher</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</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=20
either the closing<BR>price or the trading range in the =
handle.<BR><BR>At=20
11:01 AM 12/14/2001 -0500, you wrote:<BR>>Doesn't the =
upward-sloping=20
handle on BREL concern you?<BR>><BR>>-<BR>>-To=20
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 =
=
href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR><BR>-<BR>-To=20
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></BLOCKQUOTE></BODY></HTML>
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