Re: [CANSLIM] GAIA

From: Harvey Brion <hbrion@ieee.org>
Subject: Re: [CANSLIM] GAIA
Date: Mon, 31 Dec 2001 20:16:15 -0800

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I agree with concern about today's close near the day's low but most of the
day's volume was in the first 1 1/2 hours and the stock spent most of the day
near the midpoint of the day's range.

I see a pivot point on the daily chart at 20.56 with a pretty good 2 week handle
on declining volume.  I also see a pivot point on the weekly chart of 20.25 in
August with a 4 month handle on declining volume following a 15 month base.
(This pivot was hit on 12/12 and although having pulled back since then has not
broken below the base of the 4 month handle.)

My biggest concerns are the 58% fund ownership and the fact that I can't figure
out what their business is.  If I believed in the business I'd consider an entry
at 21.50 and keep the stop tight because of the high fund ownership.

Tom Worley wrote:

> Andreas, you got your gap up, but I would be concerned about it closing
> almost at the low of the day on very heavy volume (what Katherine calls a
> tail).  I also would be interested in you explaining how you selected your
> pivot or entry point, as I do not see a good one (other than the base it
> built between 15 and 16.50).
>
> Tom Worley
> stkguru@netside.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Andreas Himmelreich" <judgejimmy@web.de>
> To: <canslim@lists.xmission.com>
> Sent: Monday, December 31, 2001 8:49 AM
> Subject: [CANSLIM] GAIA
>
> > GAIA Broke out on Friday
> >
> > CWH (Weekly Chart)
> > Industry Group is in a very good uptrend (Price and Relative Strength)
> >
> > Pros -->
> >
> > High RS of Industry Group (97), RS 88, EPS 98, Acc Diss A, SMR A, Timeless
> > A, Shares 8.4 Million (1.8 Million Free Float), MGM Ownership 78%,
> > 12 Funds are invested, 4 more then in June, ROI 16%, Dept 31% (not to high
> > for a retail comp)
> > Accelarating Sales. Business Model seems to me very interesting
> > (Environmental Lifestile stuff, Scalable through the web)
> >
> > Cons -->
> >
> > New CFO, Institutions are in big time (over 70% Institutions, I know the
> > numbers do not add up,
> > I guess they have 70% the remaining 22% (100 - 78 (MGM Ownership) = 22%).
> > So if the institutions sell, price goes down
> > fast.
> >
> > I will get in today if there is a gap up today. I will wait if the open is
> > flat.
> >
> > See you
> >
> > Andreas
> >
> >
> >
> >
> >
> >
> >
> >
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