Re: [CANSLIM] ASIA?

From: esetser <esetser@covad.net>
Subject: Re: [CANSLIM] ASIA?
Date: Thu, 10 Jan 2002 20:25:29 -0800
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I read this one differently.  I see ASIA as a stock with a breakout to a
new on 12/6.  (And as a matter of fact, I bot it that day.)  That breakout
became suspect as the stock corrected and closed near its low during the
day, and went on to be a failed breakout for anyone buying in during the
day.  The action since then is short of the 5 weeks minimum to define a new
base, and is confusing in light of the new high it set.. I'm not sure where
I would put a pivot on this one.  The volume was fabulous for 2 days, but
has remained almost as high for the last 2 day pullback, so I would be very
cautious.

At 04:58 PM 1/10/02 -0500, you wrote:
>Hi,
>
>Just curious on comment about ASIA.  Last few days it looked to be breaking
>out of a nice chart formation.  Alas, it seems to be breaking down or
>allowing for another re-entry point.  Any thoughts?
>
>Is this stock considered Canslim "worthy" even though it has seen higher
>days (ie. not breaking to new highs)?
>
>Thanks,
>Erik
>PS. Forgive me if this has been the topic of recent discussion. I just moved
>and missed the last week of my Canslim Group emails.
>
>----- Original Message -----
>From: "Mike Hofmann" <sfmcanslim@hotmail.com>
>To: <canslim@lists.xmission.com>
>Sent: Thursday, January 10, 2002 1:08 PM
>Subject: Re: AW: [CANSLIM] DFXI
>
>
>> ... and still more than you really wanted to know about "kudos":
>>
>> From a really cool site called "Take Our Word For It"
>> (http://www.takeourword.com/):
>>
>> "Kudos is simply Greek for "praise".  It is thought to have entered
>English
>> as university slang.  By 1799 we have a back-formed verb kudize "to
>praise",
>> so kudos itself was probably in use prior to that, though the first known
>> recorded use of kudos comes from 1831.  Thereafter we find it used by the
>> likes of Disraeli and Darwin.  Darwin wrote, in one of his letters: "Lyell
>> has read about half of the volume in clean sheets, and gives me very great
>> kudos."
>>
>> Pronunciation in Britain is "cue-doss" while in America it is "koo-doze".
>> As with many Greek words, -os indicates a singular noun.  Many people
>assume
>> kudos is the  plural form, with the singular being a kudo.  They are
>wrong.
>> Just wrong.
>>
>> There was once a computer operating system called QDOS.  Was it named by a
>> Brit, so that it sounded like kudos, or is that simply a coincidence?"
>>
>> ... and there you have it.
>>
>>
>> ----- Original Message -----
>> From: "Warren Keuffel" <wkeuffel@xmission.com>
>> To: <canslim@lists.xmission.com>
>> Sent: Wednesday, January 09, 2002 8:23 PM
>> Subject: Re: AW: [CANSLIM] DFXI
>>
>>
>> > Jumping in here for Mike -- "Kudos" basically means "Congratulations".
>> >  However <ahem> I was curious about the etymology of the word so
>> > consulted my American Heritage dictionary which defines it as  "Acclaim
>> > or prestige as a result of achievement or position." But no guidance on
>> > etymology, darn it.  More than you wanted to know, right? <g>
>> >
>> > Warren
>> >
>> > Andreas Himmelreich wrote:
>> >
>> > >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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