Go to Jeff Salisbury LWGate Home Page.From: "Dave" <drubin@i-2000.com>
Subject: RE: [CANSLIM] ASIA?
Date: Thu, 10 Jan 2002 23:30:51 -0500
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In hindsight if I had been watching ASIA on 12/4 I probably would have bought. If you consider 11/27 to be the start of a short handle, the pivot would be 17.33 and the stock could have been bought up to 18.20. In this case, you would still be in the stock. As for now, it's definitely a gamble. Personally I like the month-long consolidation and the near record volume over the past few days, and think that if the Nasdaq resumes its rally, there's a good chance ASIA will go along for the ride. > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser > Sent: Thursday, January 10, 2002 11:51 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] ASIA? > > > So you only consider cup with handles as true breakouts? I buy > cups, cup > with handles, double bottoms, and flat bases, maybe others. > > At 10:44 PM 1/10/02 -0500, you wrote: > >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. > > > > > > > - > -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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