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Subject: Re: [CANSLIM] ASIA?
Date: Fri, 11 Jan 2002 16:12:40 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0075_01C19ABA.CB0B6240 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Patrick, That's just about the coolest thing I've seen on the net in ages! (OK, = so I'm not very adventurous.) Thanks and here's the new link to the = chart: http://makeashorterlink.com/?R22F6694 Katherine ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Friday, January 11, 2002 4:15 PM Subject: Re: [CANSLIM] ASIA? Wow, that's some link. Here is a suggestion on long links, I've only = used it once,=20 but it seemed to work. http://www.makeashorterlink.com/index.php Thanks for the chart. I'll stick with my interpretation, but I'll add = that the handle=20 seems a little loose, not ideal. I would say the breakout fails = around 19, a 7 to 8%=20 drop in price from the breakout. I think the pivot point was close to = 20.25 or so, I=20 tend to discount those intraday spikes, if they occur, and use the = close, so that=20 would not take the Dec. 4 (or whichever date it was) high into = account, just the=20 close. Not sure this is a legitimate approach, just a personal quirk = maybe. Anyway,=20 I think that anyone in this stock should stick with it a bit longer. On 11 Jan 2002 at 15:14, Katherine Malm wrote: > Just an experiment, but here's a marked chart: >=20 > = http://photos.yahoo.com/bc/katherinemalm/vwp?.dir=3D/CANSLIM&.dnm=3DASIA+= 011102.jpg&.src=3Dph&.done=3Dhttp%3a//photos.yahoo.com/bc/katherinemalm/v= wp%3f.dir=3D/CANSLIM%26.dnm=3DUp%2bDn%2bRatio%2bArticle%2b123101.jpg%26.s= rc=3Dph >=20 > Katherine > ----- Original Message -----=20 > From: Patrick Wahl=20 > To: canslim@lists.xmission.com=20 > Sent: Friday, January 11, 2002 2:52 PM > Subject: RE: [CANSLIM] ASIA? >=20 >=20 > I think we went around about this subject a few months ago, but I = would put a=20 > different interpretation on the chart. I think the 12/4 spike = marked the end of the=20 > right side of the cup, and the choppy sideways movement from that = point constitutes=20 > a handle. So buying on 12/4 was not the proper buy point. >=20 > The more appropriate buy point would be the day in January where = price gapped up=20 > to close at about 20.90 or so. To me the formation of a handle = part way up a cup=20 > doesn't make sense. Handles form at logical sell points, and the = logical sell point is=20 > the resistance formed at the old high - the left side of the cup = around end of June,=20 > first of July. Without a sort of definite point like an old high, = any consolidation point=20 > along the way up the right side of the cup can be called a handle. >=20 > Just my interpretation, I think during the discussion of this = point a few months ago I=20 > was in a decided minority (one, maybe). =20 >=20 > On 10 Jan 2002 at 23:30, Dave wrote: >=20 > > 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. > >=20 > > 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. > >=20 > >=20 > > > -----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. > > > > >=20 > >=20 > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. >=20 >=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0075_01C19ABA.CB0B6240 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4611.1300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Patrick,</DIV> <DIV> </DIV> <DIV>That's just about the coolest thing I've seen on the net in ages! = (OK, so=20 I'm not very adventurous.) Thanks and here's the new link to the=20 chart:</DIV> <DIV> </DIV> <DIV><A=20 href=3D"http://makeashorterlink.com/?R22F6694">http://makeashorterlink.co= m/?R22F6694</A></DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dpjwahl@attbi.com href=3D"mailto:pjwahl@attbi.com">Patrick = Wahl</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, January 11, 2002 = 4:15=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = ASIA?</DIV> <DIV><BR></DIV>Wow, that's some link. Here is a suggestion on = long=20 links, I've only used it once, <BR>but it seemed to work.<BR><BR><A=20 = href=3D"http://www.makeashorterlink.com/index.php">http://www.makeashorte= rlink.com/index.php</A><BR><BR>Thanks=20 for the chart. I'll stick with my interpretation, but I'll add = that the=20 handle <BR>seems a little loose, not ideal. I would say the = breakout=20 fails around 19, a 7 to 8% <BR>drop in price from the breakout. = I think=20 the pivot point was close to 20.25 or so, I <BR>tend to discount those = intraday spikes, if they occur, and use the close, so that <BR>would = not take=20 the Dec. 4 (or whichever date it was) high into account, just the=20 <BR>close. Not sure this is a legitimate approach, just a = personal quirk=20 maybe. Anyway, <BR>I think that anyone in this stock should = stick with=20 it a bit longer.<BR><BR>On 11 Jan 2002 at 15:14, Katherine Malm=20 wrote:<BR><BR>> Just an experiment, but here's a marked = chart:<BR>>=20 <BR>> <A=20 = href=3D"http://photos.yahoo.com/bc/katherinemalm/vwp?.dir=3D/CANSLIM&= .dnm=3DASIA+011102.jpg&.src=3Dph&.done=3Dhttp%3a//photos.yahoo.co= m/bc/katherinemalm/vwp%3f.dir=3D/CANSLIM%26.dnm=3DUp%2bDn%2bRatio%2bArtic= le%2b123101.jpg%26.src=3Dph">http://photos.yahoo.com/bc/katherinemalm/vwp= ?.dir=3D/CANSLIM&.dnm=3DASIA+011102.jpg&.src=3Dph&.done=3Dhtt= p%3a//photos.yahoo.com/bc/katherinemalm/vwp%3f.dir=3D/CANSLIM%26.dnm=3DUp= %2bDn%2bRatio%2bArticle%2b123101.jpg%26.src=3Dph</A><BR>>=20 <BR>> Katherine<BR>> ----- Original Message -----=20 <BR>> From: Patrick Wahl <BR>> To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= =20 <BR>> Sent: Friday, January 11, 2002 2:52=20 PM<BR>> Subject: RE: [CANSLIM] ASIA?<BR>> <BR>>=20 <BR>> I think we went around about this subject a few = months=20 ago, but I would put a <BR>> different interpretation = on the=20 chart. I think the 12/4 spike marked the end of the = <BR>> =20 right side of the cup, and the choppy sideways movement from that = point=20 constitutes <BR>> a handle. So buying on 12/4 was = not the=20 proper buy point.<BR>> <BR>> The more appropriate = buy point=20 would be the day in January where price gapped up <BR>> = to=20 close at about 20.90 or so. To me the formation of a handle part = way up=20 a cup <BR>> doesn't make sense. Handles form at = logical=20 sell points, and the logical sell point is <BR>> the = resistance=20 formed at the old high - the left side of the cup around end of June,=20 <BR>> first of July. Without a sort of definite = point=20 like an old high, any consolidation point <BR>> along = the way=20 up the right side of the cup can be called a handle.<BR>>=20 <BR>> Just my interpretation, I think during the = discussion of=20 this point a few months ago I <BR>> was in a decided = minority=20 (one, maybe). <BR>> <BR>> On 10 Jan 2002 at = 23:30,=20 Dave wrote:<BR>> <BR>> > In hindsight if I had = been=20 watching ASIA on 12/4 I probably would have<BR>> > = bought.=20 If you consider 11/27 to be the start of a short handle, the=20 pivot<BR>> > would be 17.33 and the stock could have = been=20 bought up to 18.20. In this<BR>> > case, you would = still be=20 in the stock.<BR>> > <BR>> > As = for now,=20 it's definitely a gamble. Personally I like the = month-long<BR>> =20 > consolidation and the near record volume over the past few days, = and=20 think<BR>> > that if the Nasdaq resumes its rally, = there's a=20 good chance ASIA will go<BR>> > along for the=20 ride.<BR>> > <BR>> > = <BR>> =20 > > -----Original Message-----<BR>> > > = From: <A=20 = href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com</A><BR>> =20 > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 esetser<BR>> > > Sent: Thursday, January 10, 2002 = 11:51=20 PM<BR>> > > To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 > > Subject: RE: [CANSLIM] ASIA?<BR>> >=20 ><BR>> > ><BR>> > > So = you only=20 consider cup with handles as true breakouts? I = buy<BR>> =20 > > cups, cup<BR>> > > with handles, double = bottoms, and flat bases, maybe others.<BR>> >=20 ><BR>> > > At 10:44 PM 1/10/02 -0500, you=20 wrote:<BR>> > > >I'm biased, but I prefer to = see it as=20 a high handle beginning<BR>> > > on 12/6.=20 The<BR>> > > >volume that day was not so = great, and=20 there was no true<BR>> > > handle, so I=20 don't<BR>> > > >consider it a true=20 breakout.<BR>> > > ><BR>> > = >=20 >The handle beginning after that failure is nice and long=20 and<BR>> > > volume dried<BR>> = > >=20 >up nicely towards the end. The volume on 1/6-1/7 was very=20 high.<BR>> > > ><BR>> > > = >Only time will tell the true story...<BR>> > = >=20 ><BR>> > > >> -----Original=20 Message-----<BR>> > > >> From: <A=20 = href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com</A><BR>> =20 > > >> [mailto:owner-canslim@lists.xmission.com]On Behalf = Of=20 esetser<BR>> > > >> Sent: Thursday, January = 10,=20 2002 11:25 PM<BR>> > > >> To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 > > >> Subject: Re: [CANSLIM] ASIA?<BR>> = > >=20 >><BR>> > > >><BR>> = > >=20 >> I read this one differently. I see ASIA as a stock with = a<BR>> > > breakout to a<BR>> > = >=20 >> new on 12/6. (And as a matter of fact, I bot it that=20 day.)<BR>> > > >> That = breakout<BR>> =20 > > >> became suspect as the stock corrected and closed = near=20 its<BR>> > > low during the<BR>> = > >=20 >> day, and went on to be a failed breakout for anyone=20 buying<BR>> > > in during the<BR>> = >=20 > >> day. The action since then is short of the 5 weeks = minimum=20 to<BR>> > > >> define a = new<BR>> =20 > > >> base, and is confusing in light of the new high it = set..=20 I'm<BR>> > > >> not sure = where<BR>> =20 > > >> I would put a pivot on this one. The volume = was=20 fabulous for 2<BR>> > > >> days,=20 but<BR>> > > >> has remained almost as high = for the=20 last 2 day pullback, so I<BR>> > > >> would = be=20 very<BR>> > > >> = cautious.<BR>> >=20 > >><BR>> > > >> At 04:58 PM = 1/10/02=20 -0500, you wrote:<BR>> > > >>=20 >Hi,<BR>> > > >> = ><BR>> >=20 > >> >Just curious on comment about ASIA. Last few = days it=20 looked<BR>> > > >> to be=20 breaking<BR>> > > >> >out of a nice = chart=20 formation. Alas, it seems to be<BR>> > > = breaking=20 down or<BR>> > > >> >allowing for = another=20 re-entry point. Any thoughts?<BR>> > > = >>=20 ><BR>> > > >> >Is this stock = considered=20 Canslim "worthy" even though it has<BR>> > > = >>=20 seen higher<BR>> > > >> >days (ie. not = breaking=20 to new highs)?<BR>> > > >> = ><BR>> =20 > > >> >Thanks,<BR>> > > >>=20 >Erik<BR>> > > >> >PS. Forgive me if = this has=20 been the topic of recent<BR>> > > >> = discussion. I=20 just moved<BR>> > > >> >and missed the = last week=20 of my Canslim Group emails.<BR>> > > >>=20 ><BR>> > > >> >----- Original Message = -----<BR>> > > >> >From: "Mike Hofmann" = <<A=20 = href=3D"mailto:sfmcanslim@hotmail.com">sfmcanslim@hotmail.com</A>><BR>= > =20 > > >> >To: <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>> =20 > > >> >Sent: Thursday, January 10, 2002 1:08=20 PM<BR>> > > >> >Subject: Re: AW: = [CANSLIM]=20 DFXI<BR>> > > >> ><BR>> = > >=20 >> ><BR>> > > >> >> ... and = still=20 more than you really wanted to know about "kudos":<BR>> = >=20 > >> >><BR>> > > >> >> = From a=20 really cool site called "Take Our Word For It"<BR>> = > >=20 >> >> (<A=20 = href=3D"http://www.takeourword.com/">http://www.takeourword.com/</A>):<BR= >> =20 > > >> >><BR>> > > >> = >>=20 "Kudos is simply Greek for "praise". It is thought=20 to<BR>> > > have entered<BR>> > = >=20 >> >English<BR>> > > >> >> = as=20 university slang. By 1799 we have a back-formed = verb<BR>> =20 > > kudize "to<BR>> > > >>=20 >praise",<BR>> > > >> >> so kudos = itself=20 was probably in use prior to that, though<BR>> > = >=20 >> the first known<BR>> > > >> = >>=20 recorded use of kudos comes from 1831. Thereafter we=20 find<BR>> > > >> it used by = the<BR>> =20 > > >> >> likes of Disraeli and Darwin. Darwin = wrote,=20 in one of his<BR>> > > >> letters:=20 "Lyell<BR>> > > >> >> has read about = half of=20 the volume in clean sheets, and gives<BR>> > > = >>=20 me very great<BR>> > > >> >>=20 kudos."<BR>> > > >> = >><BR>> =20 > > >> >> Pronunciation in Britain is "cue-doss" = while in=20 America it<BR>> > > >> is=20 "koo-doze".<BR>> > > >> >> As with = many Greek=20 words, -os indicates a singular noun.<BR>> > > = Many=20 people<BR>> > > >> = >assume<BR>> =20 > > >> >> kudos is the plural form, with the = singular=20 being a<BR>> > > kudo. They = are<BR>> =20 > > >> >wrong.<BR>> > > >> = >>=20 Just wrong.<BR>> > > >>=20 >><BR>> > > >> >> There was = once a=20 computer operating system called QDOS. Was<BR>> = > >=20 >> it named by a<BR>> > > >> >> = Brit,=20 so that it sounded like kudos, or is that simply a<BR>> = >=20 > >> coincidence?"<BR>> > > >>=20 >><BR>> > > >> >> ... and there = you=20 have it.<BR>> > > >> = >><BR>> =20 > > >> >><BR>> > > >> = >>=20 ----- Original Message -----<BR>> > > >> = >>=20 From: "Warren Keuffel" <<A=20 = href=3D"mailto:wkeuffel@xmission.com">wkeuffel@xmission.com</A>><BR>&g= t; =20 > > >> >> To: <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>> =20 > > >> >> Sent: Wednesday, January 09, 2002 8:23=20 PM<BR>> > > >> >> Subject: Re: AW: = [CANSLIM]=20 DFXI<BR>> > > >> = >><BR>> >=20 > >> >><BR>> > > >> >> = >=20 Jumping in here for Mike -- "Kudos" basically = means<BR>> >=20 > >> "Congratulations".<BR>> > > = >>=20 >> > However <ahem> I was curious about the = etymology of=20 the word so<BR>> > > >> >> > = consulted my=20 American Heritage dictionary which defines it<BR>> > = >=20 >> as "Acclaim<BR>> > > >> = >>=20 > or prestige as a result of achievement or position."=20 But<BR>> > > >> no guidance = on<BR>> =20 > > >> >> > etymology, darn it. More than = you=20 wanted to know, right? <g><BR>> > > = >>=20 >> ><BR>> > > >> >> >=20 Warren<BR>> > > >> >>=20 ><BR>> > > >> >> > Andreas = Himmelreich=20 wrote:<BR>> > > >> >>=20 ><BR>> > > >> >> > >Sorry to = ask=20 Mike, what means Kudos?<BR>> > > >> = >> >=20 ><BR>> > > >> >> >=20 ><BR>> > > >> >> >=20 >>-----Ursprungliche Nachricht-----<BR>> > = >=20 >> >> > >>Von: Mike Gibbons=20 [SMTP:webmaster@cwhcharts.com]<BR>> > > >> = >>=20 > >>Gesendet am: Wednesday, January 09, 2002 7:08=20 PM<BR>> > > >> >> > >>An: <A = = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 > > >> >> > >>Betreff: RE: [CANSLIM]=20 DFXI<BR>> > > >> >> >=20 >><BR>> > > >> >> > = >>Kudos to=20 you, you should be feeling pleased this morning<BR>> = > >=20 >> and justly<BR>> > > >>=20 >so.<BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >>Aloha,<BR>> > > >> >> >=20 >><BR>> > > >> >> > = >>Mike=20 Gibbons<BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >>-----Original Message-----<BR>> > > = >>=20 >> > >>From: <A=20 = href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com</A><BR>> =20 > > >> >> >=20 >>[mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Dave<BR>> > > >> >> > = >>Sent:=20 Wednesday, January 09, 2002 5:29 AM<BR>> > > = >>=20 >> > >>To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 > > >> >> > >>Subject: RE: [CANSLIM]=20 DFXI<BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >><BR>> > > >> >> > = >>True,=20 the handle was a bit sloppy but for the most part<BR>> = >=20 > >> volume in the<BR>> > > >> = >>=20 > >>handle was below normal. It also made a pretty nice=20 ascending<BR>> > > >>=20 >triangle.<BR>> > > >> >> >=20 >><BR>> > > >> >> > = >>As for=20 the action at the end of the day, I think you're<BR>> = > >=20 >> reading too<BR>> > > >>=20 >much<BR>> > > >> >> > = >>into it.=20 The stock made a tremendous surge on volume in<BR>> = > >=20 >> the last half<BR>> > > >> >> = hour<BR>> > > >> >> > >>of = trading.=20 It then pulled back on lower volume but<BR>> > > = >>=20 didn't undercut<BR>> > > >>=20 >that<BR>> > > >> >> >=20 >>"intraday breakout point". It then found some new=20 buyers<BR>> > > >> at the = very<BR>> =20 > > >> >end<BR>> > > >> = >>=20 > >>of the session.<BR>> > > >> = >>=20 > >><BR>> > > >> >> > = >>You=20 can find flaws in any chart formation. I've<BR>> > = >=20 missed many huge<BR>> > > >>=20 >winners<BR>> > > >> >> > = >>by=20 refusing to buy what I perceived as a flawed = handle,<BR>> >=20 > >> or by putting<BR>> > > >> = >>=20 too<BR>> > > >> >> > >>much = weight=20 on intraday analysis. Even IBD will go on to<BR>> > = >=20 >> call "perfect<BR>> > > >> >> = >=20 >>cup-handle breakouts" on stocks that have = somewhat<BR>> =20 > > questionable<BR>> > > >> >> = >=20 >>formations. I won't be surprised to see DFXI=20 mentioned<BR>> > > >> tomorrow as=20 a<BR>> > > >> >> = good<BR>> =20 > > >> >> > >>example.<BR>> = >=20 > >> >> > >><BR>> > > = >>=20 >> > >>Of course hindsight is 20/20. Nevertheless I'm = glad=20 I<BR>> > > >> bought = yesterday<BR>> =20 > > >> >> :)<BR>> > > >> = >>=20 > >><BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >>>>Yes it did but fell back below it's high of the day.=20 Also,<BR>> > > >> >> >=20 >>>><BR>> > > >> >> >=20 >>>action in the<BR>> > > >> = >> >=20 >>><BR>> > > >> >> >=20 >>>>handle has been sloppy - one normally hopes to see=20 price<BR>> > > >> >> >=20 >>>><BR>> > > >> >> >=20 >>>pullback on falling<BR>> > > >> = >> > >>><BR>> > > >> = >>=20 > >>>>volume but in fact it's made a couple of attempts = to BO=20 on<BR>> > > >> >> >=20 >>>><BR>> > > >> >> >=20 >>>above average<BR>> > > >> = >> >=20 >>><BR>> > > >> >> >=20 >>>>volume since forming the pivot on 12/10. I=20 wouldn't<BR>> > > >> rush in with=20 an<BR>> > > >> >> >=20 >>>>overnight order!<BR>> > > = >>=20 >> > >>>><BR>> > > >> = >>=20 > >>>>Mike Gibbons<BR>> > > = >>=20 >> > >>>><BR>> > > >> = >>=20 > >><BR>> > > >> >> >=20 >>-<BR>> > > >> >> > = >>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > >> >> > >>-In the email body, write = "subscribe=20 canslim" or<BR>> > > >> >> >=20 >>-"unsubscribe canslim". Do not use quotes in your=20 email.<BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 >>-<BR>> > > >> >> > = >>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > >> >> > >>-In the email body, write = "subscribe=20 canslim" or<BR>> > > >> >> >=20 >>-"unsubscribe canslim". Do not use quotes in your=20 email.<BR>> > > >> >> >=20 >><BR>> > > >> >> >=20 ><BR>> > > >> >> >=20 >-<BR>> > > >> >> > >-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > >> >> > >-In the email body, write = "subscribe=20 canslim" or<BR>> > > >> >> >=20 >-"unsubscribe canslim". Do not use quotes in your=20 email.<BR>> > > >> >> >=20 ><BR>> > > >> >> >=20 ><BR>> > > >> >> >=20 ><BR>> > > >> >> = ><BR>> =20 > > >> >> ><BR>> > > = >>=20 >> ><BR>> > > >> >> >=20 -<BR>> > > >> >> > -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > >> >> > -In the email body, write "subscribe = canslim"=20 or<BR>> > > >> >> > -"unsubscribe=20 canslim". Do not use quotes in your email.<BR>> = > >=20 >> >> ><BR>> > > >>=20 >><BR>> > > >> >> = - -<BR>> =20 > > >> >> -To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > >> >> -In the email body, write "subscribe = canslim"=20 or<BR>> > > >> >> -"unsubscribe=20 canslim". Do not use quotes in your email.<BR>> = > >=20 >> ><BR>> > > >> = ><BR>> =20 > > >>=20 = >_________________________________________________________<BR>>&nbs= p; =20 > > >> >Do You Yahoo!?<BR>> > > = >>=20 >Get your free @yahoo.com address at <A=20 = href=3D"http://mail.yahoo.com">http://mail.yahoo.com</A><BR>> &nb= sp;=20 > > >> ><BR>> > > >>=20 ><BR>> > > >> >-<BR>> = >=20 > >> >-To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > >> >-In the email body, write "subscribe canslim"=20 or<BR>> > > >> >-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR>> > > >>=20 ><BR>> > > >> ><BR>> = > >=20 >><BR>> > > >><BR>> = > >=20 >> -<BR>> > > >> -To = subscribe/unsubscribe,=20 email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > >> -In the email body, write "subscribe canslim"=20 or<BR>> > > >> -"unsubscribe = canslim". Do not=20 use quotes in your email.<BR>> > >=20 >><BR>> > > ><BR>> > = >=20 ><BR>> > > >-<BR>> > > = >-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > >-In the email body, write "subscribe canslim"=20 or<BR>> > > >-"unsubscribe canslim". Do = not use=20 quotes in your email.<BR>> > > = ><BR>> =20 > > ><BR>> > ><BR>> >=20 ><BR>> > > -<BR>> > > -To = subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > -In the email body, write "subscribe canslim" = or<BR>> =20 > > -"unsubscribe canslim". Do not use quotes in your=20 email.<BR>> > ><BR>> >=20 <BR>> > <BR>> > = - -<BR>> >=20 -To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > -In the email body, write "subscribe canslim" = or<BR>> >=20 -"unsubscribe canslim". Do not use quotes in your email.<BR>> = <BR>> <BR>> <BR>> -<BR>> -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 -In the email body, write "subscribe canslim" or<BR>> =20 -"unsubscribe canslim". Do not use quotes in your email.<BR>> = <BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0075_01C19ABA.CB0B6240-- - - - -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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