Go to Jeff Salisbury LWGate Home Page.From: "Dave" <drubin@i-2000.com>
Subject: RE: [CANSLIM] ASIA?
Date: Thu, 10 Jan 2002 22:44:00 -0500
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I'm biased, but I prefer to see it as a high handle beginning on 12/6. The volume that day was not so great, and there was no true handle, so I don't consider it a true breakout. The handle beginning after that failure is nice and long and volume dried up nicely towards the end. The volume on 1/6-1/7 was very high. Only time will tell the true story... > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser > Sent: Thursday, January 10, 2002 11:25 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ASIA? > > > 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. > - - - -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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