AW: [CANSLIM] DFXI

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] DFXI
Date: Wed, 9 Jan 2002 22:18:57 +0100

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Top of Thread: Re: AW: [CANSLIM] DFXI Warren Keuffel
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Sorry to ask Mike, what means Kudos?


> -----Ursprungliche Nachricht-----
> Von:	Mike Gibbons [SMTP:webmaster@cwhcharts.com]
> Gesendet am:	Wednesday, January 09, 2002 7:08 PM
> An:	canslim@lists.xmission.com
> Betreff:	RE: [CANSLIM] DFXI
> 
> Kudos to you, you should be feeling pleased this morning and justly so.
> 
> Aloha,
>  
> Mike Gibbons
> 
> 
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave
> Sent: Wednesday, January 09, 2002 5:29 AM
> To: canslim@lists.xmission.com
> 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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