Go to Jeff Salisbury LWGate Home Page.From: esetser <esetser@covad.net>
Subject: Re: [CANSLIM] ASIA?
Date: Thu, 10 Jan 2002 20:25:29 -0800
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Top of Thread: RE: [CANSLIM] ASIA? "Dave"
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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 >> > >>>> >> > >> >> > >>- >> > >>-To subscribe/unsubscribe, email "majordomo@xmission.com" >> > >>-In the email body, write "subscribe canslim" or >> > >>-"unsubscribe canslim". Do not use quotes in your email. >> > >> >> > >> >> > >> >> > >>- >> > >>-To subscribe/unsubscribe, email "majordomo@xmission.com" >> > >>-In the email body, write "subscribe canslim" or >> > >>-"unsubscribe canslim". Do not use quotes in your email. >> > >> >> > > >> > >- >> > >-To subscribe/unsubscribe, email "majordomo@xmission.com" >> > >-In the email body, write "subscribe canslim" or >> > >-"unsubscribe canslim". Do not use quotes in your email. >> > > >> > > >> > > >> > >> > >> > >> > - >> > -To subscribe/unsubscribe, email "majordomo@xmission.com" >> > -In the email body, write "subscribe canslim" or >> > -"unsubscribe canslim". Do not use quotes in your email. >> > >> >> - >> -To subscribe/unsubscribe, email "majordomo@xmission.com" >> -In the email body, write "subscribe canslim" or >> -"unsubscribe canslim". Do not use quotes in your email. > > >_________________________________________________________ >Do You Yahoo!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > - - - -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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