Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] DFXI
Date: Wed, 9 Jan 2002 09:34:52 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_001D_01C198F0.E3E39380 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Dave, Andreas... Nice catch on DFXI...textbook CANSLIM/high growth...nice breakout this = a.m. Katherine ----- Original Message -----=20 From: Dave=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, January 09, 2002 9:28 AM Subject: RE: [CANSLIM] DFXI True, the handle was a bit sloppy but for the most part volume in the handle was below normal. It also made a pretty nice ascending = triangle. As for the action at the end of the day, I think you're reading too = much into it. The stock made a tremendous surge on volume in the last half = hour of trading. It then pulled back on lower volume but didn't undercut = that "intraday breakout point". It then found some new buyers at the very = end of the session. You can find flaws in any chart formation. I've missed many huge = winners by refusing to buy what I perceived as a flawed handle, or by putting = too much weight on intraday analysis. Even IBD will go on to call "perfect cup-handle breakouts" on stocks that have somewhat questionable formations. I won't be surprised to see DFXI mentioned tomorrow as a = good example. Of course hindsight is 20/20. Nevertheless I'm glad I bought yesterday = :) > > Yes it did but fell back below it's high of the day. Also, > action in the > > handle has been sloppy - one normally hopes to see price > pullback on falling > > volume but in fact it's made a couple of attempts to BO on > above average > > volume since forming the pivot on 12/10. I wouldn't rush in with = an > > overnight order! > > > > Mike Gibbons - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_001D_01C198F0.E3E39380 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4611.1300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Dave, Andreas...</DIV> <DIV> </DIV> <DIV>Nice catch on DFXI...textbook CANSLIM/high growth...nice breakout = this=20 a.m.</DIV> <DIV> </DIV> <DIV>Katherine</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=3Ddrubin@i-2000.com = href=3D"mailto:drubin@i-2000.com">Dave</A> </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> Wednesday, January 09, = 2002 9:28=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] = DFXI</DIV> <DIV><BR></DIV>True, the handle was a bit sloppy but for the most part = volume=20 in the<BR>handle was below normal. It also made a pretty nice = ascending=20 triangle.<BR><BR>As for the action at the end of the day, I think = you're=20 reading too much<BR>into it. The stock made a tremendous surge on = volume in=20 the last half hour<BR>of trading. It then pulled back on lower volume = but=20 didn't undercut that<BR>"intraday breakout point". It then found some = new=20 buyers at the very end<BR>of the session.<BR><BR>You can find flaws in = any=20 chart formation. I've missed many huge winners<BR>by refusing to buy = what I=20 perceived as a flawed handle, or by putting too<BR>much weight on = intraday=20 analysis. Even IBD will go on to call "perfect<BR>cup-handle = breakouts" on=20 stocks that have somewhat questionable<BR>formations. I won't be = surprised to=20 see DFXI mentioned tomorrow as a good<BR>example.<BR><BR>Of course = hindsight=20 is 20/20. Nevertheless I'm glad I bought yesterday :)<BR><BR><BR>> = > Yes=20 it did but fell back below it's high of the day. Also,<BR>> action = in=20 the<BR>> > handle has been sloppy - one normally hopes to see=20 price<BR>> pullback on falling<BR>> > volume but in fact it's = made a=20 couple of attempts to BO on<BR>> above average<BR>> > volume = since=20 forming the pivot on 12/10. I wouldn't rush in with an<BR>> > = overnight=20 order!<BR>> ><BR>> > Mike Gibbons<BR><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.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_001D_01C198F0.E3E39380-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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