Re: [CANSLIM] where is

From: Spencer48@aol.com
Subject: Re: [CANSLIM] where is
Date: Thu, 3 Jan 2002 20:25:45 EST
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Top of Thread: Re: [CANSLIM] where is "Katherine Malm"
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     I looked at FIC after hearing about its plummet (in this forum), and=20
it's scary.  The daily chart really (at least to me) doesn't look too bad. =20
Of course, I probably wouldn't have bought it in the first place because of=20
its anemic sales increases and it teen earning increases in 2001 and=20
(projected) in 2002.

     However, what concerns me is: What if I had bought it?  Would the chart=
=20
have told me to sell?  I believe "Yes".  The chart was saying "sell" because=
=20
on its BO (as Katherine observed) on 12/28 it closed at its low, and of=20
particular importance:  It closed a little below its Pivot Point.  =20
Additionally, notice that the RS line was relatively  truncated-even though=20
the 12/28 high of the stock was about 3=BD points higher than its Right Lip.

     I just looked at the weekly, and funds increased their holdings of it i=
n=20
each of the last 4 quarters.  Also, up volume, on the weekly, really outpace=
d=20
down volume.  The only downside was that there was no Handle (that I could=20
make out) on the weekly FIC or in its Industry Group=20
(Computer-Software-Financial). =20

     However, (from my charts and perspective) all three had one thing in=20
common:  Their bases all seemed to be V-shaped.  The day chart's pattern (as=
=20
I elucidate in the 2nd paragraph) I believe would have kept me out of the=20
stock.  But I'll most likely look long and hard before investing in a=20
V-shaped Cup in the future.  Obviously, (as WON believes, I believe), a=20
V-shape denotes that there has not been enough QUIET selling yet.  Perhaps,=20
this isn't the right strategy for a bull mkt. (where V-shaped formations can=
=20
be equated with momentum-stock run-ups), but just because the bear has lost=20
its strength and is sleeping now (which I believe the Markets indicate), doe=
s=20
not mean that the bull is running (which I also believe):  We are now, I=20
think,in an interim period-before the pendulum swings back to its bullish=20
state.=20

jans =20


In a message dated 1/3/2002 5:09:29 PM Eastern Standard Time,=20
kmalm@earthlink.net writes:

<< Hi Doug,
=20
 Here's today's tag line on FIC from Briefing.com:
=20
 Fair, Isaac and Co (FIC) 52.90 -9.05 (-14.6%): Stock is getting whacked on=20=
a=20
pre-open Robertson Stephens note that raises concerns about the co's Q4 10K;=
=20
specifically, the firm says that FIC seems to have recognized $6.2 mln of=20
'non-core' revs, contributing $0.05-$0.09 to FIC's Q4 EPS.
=20
 Katherine
   ----- Original Message -----=20
   From: DOUG CHIURATO=20
   To: canslim@lists.xmission.com=20
   Sent: Thursday, January 03, 2002 3:55 PM
   Subject: Re: [CANSLIM] where is
=20
=20
   Wow. a 23% drop in one day. Probably won't make for a very good handle. ;=
(=20
Didnt see any news giving any reason for it. It's in the same group as EPIQ,=
=20
according to DGO. Two of the other 5 top stocks in that group got hit. TSAI,=
=20
which doesnt have very good fundies anyway and DGIN which has recovering=20
fundies but would not have been good enough for me. The surprise is the=20
fundies of FIC don't look too bad. Strong sequential growth in rev and=20
income. I'm Just glad I'm not in it. Most of my stocks held up pretty good=20
today. DYII looks like it's trying for another breakout. Hoping it won't end=
=20
up like FIC.
=20
=20
     ----- Original Message -----=20
     From: Katherine Malm=20
     To: canslim@lists.xmission.com=20
     Sent: Thursday, January 03, 2002 1:45 PM
     Subject: Re: [CANSLIM] where is
=20
=20
     D'you see that spectacular fall from grace on FIC today? Failed B/O bac=
k=20
on 12/28 and trouble already in the group...but Ouch, what a stinky stock=20
that became today...hope nobody here was holding...
=20
     Katherine >>

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