Re: [CANSLIM] Re: BREL

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Re: BREL
Date: Wed, 19 Dec 2001 13:56:30 -0600

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Hi jans,

I have this habit of stacking up the IBD unread for a month before
getting around to it, but I happened to have seen the Investors' Profile on
the 17th and, in fact, cut it out for review. (Also another rarity, as these
things clippings pile up so quickly.)

I'm not sure I completely understand how you equate BREL and IGT so am
hoping you will clarify.

If it has to do with a shakeout in the handle, BREL
had no such shakeout, though if you look at PECS, you will see something
similar in its handle on 11/6. Is it instead about breaking out from deep in
the base? I see it as having a handle 6 days long beginning 12/5 before the
B/O out of its albeit short 7 week C&H on 12/14.

Katherine


- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, December 16, 2001 7:26 AM
Subject: Re: [CANSLIM] Re: BREL


> Katherine & Bill:
>
>      Just want to point your attention to IBD's Investor's Profile 12/17
that
> may be appropos.  It talks about IGT in April of 2000 and how it sprang on
> several high days to form a high right lip.   According to the article:
> "...But it came from too deep in the base to form a sound breakout. IGT
than
> ran up a few more days....  But the stock hadn't shaken out the last few
weak
> holders."  It then goes on to say that it is acceptable if there is one
high
> volume shakeout day-so long as the rest of the handle is acceptable.
>
>      BREL, to me, looks like another IGT in the making.
>
> jans
>
>
>
> n a message dated 12/14/2001 3:30:58 PM Eastern Standard Time,
> btriffet@earthlink.net writes:
>
> << Katherine,
>
>  Thanks for the info. My internet was down so I couldn't check it out.
>  I would be skeptical of the post 9/11 news makers. I recall a quick
>  non-canslim trade I did with SURE a few weeks back (which I pocketed a
nice
>  gain). They make the irradiation machines for food and are slated to be
put
>  in some post offices (kills anthrax). Also, TTN being the parent company
>  shot up as well. Now with the anthrax story no longer on page one I see
them
>  stalling. I would expect the same for other "emotional" news makers. In
>  addition, I didn't look close but I think BREL is a rubberband candidate.
>>
>
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