Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] DFXI
Date: Wed, 9 Jan 2002 10:50:35 -0600
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Hi former-lurker James,
I guess it depends on whether or not you believe Bulkowski....his odds =
say that this one will move, then retrace close to the pivot of 33.34 =
before moving on again. If you don't want to wait for that sort of =
pullback, then you can see if this one falls back a bit later in the day =
within 5% of the pivot (if you believe in WON's "out of range" =
guideline.) The other option is to just go for it and expect that it =
could very well keep on going (it's a strong stock) and just set your =
stop a bit below the pivot. Lots of ways to play something like this =
depending on your style!
Katherine
----- Original Message -----=20
From: Flint, James, AFIS-HQ/IRM=20
To: 'canslim@lists.xmission.com'=20
Sent: Wednesday, January 09, 2002 10:43 AM
Subject: RE: [CANSLIM] DFXI
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 -----=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
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-To subscribe/unsubscribe, email "majordomo@xmission.com"
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<DIV>Hi former-lurker James,</DIV>
<DIV> </DIV>
<DIV>I guess it depends on whether or not you believe Bulkowski....his =
odds say=20
that this one will move, then retrace close to the pivot of 33.34 before =
moving=20
on again. If you don't want to wait for that sort of pullback, then you =
can see=20
if this one falls back a bit later in the day within 5% of the pivot (if =
you=20
believe in WON's "out of range" guideline.) The other option is to just =
go for=20
it and expect that it could very well keep on going (it's a strong =
stock) and=20
just set your stop a bit below the pivot. Lots of ways to play something =
like=20
this depending on your style!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=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=3Djflint@hq.afis.osd.mil =
href=3D"mailto:jflint@hq.afis.osd.mil">Flint,=20
James, AFIS-HQ/IRM</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>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 09, =
2002 10:43=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
DFXI</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D114434216-09012002><FONT face=3DArial =
color=3D#0000ff size=3D2>So=20
is DFXI a buy right now or do I wait for a pullback to $33.50=20
-34.00?</FONT></SPAN></DIV>
<DIV><SPAN class=3D114434216-09012002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D114434216-09012002><FONT face=3DArial =
color=3D#0000ff size=3D2>Back=20
to lurking</FONT></SPAN></DIV>
<DIV><SPAN class=3D114434216-09012002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D114434216-09012002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>James</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Wednesday, January 09, =
2002=20
10:35 AM<BR><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
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=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=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January =
09, 2002=20
9:28 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=20
volume in the<BR>handle was below normal. It also made a pretty =
nice=20
ascending triangle.<BR><BR>As for the action at the end of the =
day, I=20
think you're reading too much<BR>into it. The stock made a =
tremendous=20
surge on volume in the last half hour<BR>of trading. It then =
pulled back=20
on lower volume but didn't undercut that<BR>"intraday breakout =
point". It=20
then found some new buyers at the very end<BR>of the =
session.<BR><BR>You=20
can find flaws in any chart formation. I've missed many huge =
winners<BR>by=20
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=20
"perfect<BR>cup-handle breakouts" on stocks that have somewhat=20
questionable<BR>formations. I won't be surprised to see DFXI =
mentioned=20
tomorrow as a good<BR>example.<BR><BR>Of course hindsight is =
20/20.=20
Nevertheless I'm glad I bought yesterday :)<BR><BR><BR>> > =
Yes it=20
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=20
made a couple of attempts to BO on<BR>> above average<BR>> =
>=20
volume since forming the pivot on 12/10. I wouldn't rush in with=20
an<BR>> > overnight order!<BR>> ><BR>> > Mike=20
Gibbons<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Author): Re: [CANSLIM] Bulkowski re: patterns besides C&H "Katherine Malm"
Previous Article (by Author): [CANSLIM] Perusing daily charts -- easiest way? "J. David Stem"
Top of Thread: RE: [CANSLIM] DFXI "Flint, James, AFIS-HQ/IRM"
Next in Thread: RE: [CANSLIM] DFXI "Flint, James, AFIS-HQ/IRM"
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