Go to Jeff Salisbury LWGate Home Page.From: "Flint, James, AFIS-HQ/IRM" <jflint@hq.afis.osd.mil>
Subject: RE: [CANSLIM] DFXI
Date: Wed, 9 Jan 2002 11:43:06 -0500
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So is DFXI a buy right now or do I wait for a pullback to $33.50 -34.00?
Back to lurking
James
- -----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Wednesday, January 09, 2002 10:35 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] DFXI
Dave, Andreas...
Nice catch on DFXI...textbook CANSLIM/high growth...nice breakout this a.m.
Katherine
- ----- Original Message -----
From: Dave <mailto:drubin@i-2000.com>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
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
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<DIV><SPAN class=114434216-09012002><FONT face=Arial color=#0000ff size=2>So is
DFXI a buy right now or do I wait for a pullback to $33.50
- -34.00?</FONT></SPAN></DIV>
<DIV><SPAN class=114434216-09012002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=114434216-09012002><FONT face=Arial color=#0000ff size=2>Back
to lurking</FONT></SPAN></DIV>
<DIV><SPAN class=114434216-09012002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=114434216-09012002><FONT face=Arial color=#0000ff
size=2>James</FONT></SPAN></DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> Katherine Malm
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Wednesday, January 09, 2002 10:35
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]
DFXI<BR><BR></FONT></DIV>
<DIV>Dave, Andreas...</DIV>
<DIV> </DIV>
<DIV>Nice catch on DFXI...textbook CANSLIM/high growth...nice breakout this
a.m.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=drubin@i-2000.com href="mailto:drubin@i-2000.com">Dave</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, 2002 9:28
AM</DIV>
<DIV style="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 in the<BR>handle was below normal. It also made a pretty nice
ascending triangle.<BR><BR>As for the action at the end of the day, I think
you're reading too much<BR>into it. The stock made a tremendous surge on
volume in the last half hour<BR>of trading. It then pulled back on lower
volume but didn't undercut that<BR>"intraday breakout point". It then found
some new buyers at the very end<BR>of the session.<BR><BR>You can find flaws
in any chart formation. I've missed many huge winners<BR>by refusing to buy
what I perceived as a flawed handle, or by putting too<BR>much weight on
intraday analysis. Even IBD will go on to call "perfect<BR>cup-handle
breakouts" on stocks that have somewhat questionable<BR>formations. I won't
be surprised to see DFXI mentioned tomorrow as a good<BR>example.<BR><BR>Of
course hindsight is 20/20. Nevertheless I'm glad I bought yesterday
:)<BR><BR><BR>> > Yes it did but fell back below it's high of the day.
Also,<BR>> action in the<BR>> > handle has been sloppy - one
normally hopes to see price<BR>> pullback on falling<BR>> > volume
but in fact it's made a couple of attempts to BO on<BR>> above
average<BR>> > volume since forming the pivot on 12/10. I wouldn't
rush in with an<BR>> > overnight order!<BR>> ><BR>> > Mike
Gibbons<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A
href="mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In the
email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do
not use quotes in your email.</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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