Re: [CANSLIM] Opinions on KKD?

From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] Opinions on KKD?
Date: Sun, 13 Jan 2002 06:46:36 -0700

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For my edification, could you tell me the period in which you see the 3
bases?
Depending on whether I look at 6 month, 1 year, or 2 year charts, I see
a variety of what I might call a base, some sloppy, some not.

Thanks!
  Rolf

> Tom, John et al:
>
>      Concerning KKD:  To me it looks like it's in its 3rd stage
base-whether
> it will reach the fouth...?  Tom's remarks concerning it "valuations"
makes
> me wonder whether it is strong enough to enter a fourth (and then a fifth
> [which wouldn't hurt after looking at all these bases]).  In any event,
> Friday's Investors Corner published an article that may be worth
considering:
>
> Investor's Corner, Friday, January 11, 2002, Count A Stock's Bases Before
You
> Buy BY JONAH KERI
>
> Want to avoid buying a stock at its peak? Try counting bases.
> A stock entering a third-, fourth- or fifth-stage base faces very high
risks
> of breakdown. And after a huge run-up, the trip down can prove long and
> painful.
> Yet many investors fail to spot late-stage bases. One reason: They
envision a
> new base forming only after a stock has doubled or tripled from its last
> consolidation.
> Here's an eye-opener: A stock need rise only 25% or more from its pivot to
> trigger a new-stage base above it. As long as the new base doesn't
undercut
> the lows of the prior consolidation, add another checkmark to your list of
> bases.
> Few stocks ever get to form late-stage bases. Only the best can break out
of
> well-formed bases again and again, stacking gains on top of gains.
> Giants of the past like Cisco Systems (CSCO ) wielded enough sales and
> earnings clout to make massive gains. Yet even elite stocks can turn tail
> eventually.
> Be wary of a stock, generally one known for slower growth, that suddenly
> starts building a third- or fourth-stage base. After investors have long
> ignored a sector, it may suddenly find new strength, even in a bad market.
> But once the parade of money switches course again, such a stock can take
a
> deep fall, which in effect resets its base count.
>
> jans
>
>
>
> In a message dated 1/12/2002 12:22:49 AM Eastern Standard Time,
> stkguru@netside.net writes:
>
> << Wouldn't make my criteria as a LLUR due to its extreme volatility. If I
> had the time to sit in front of a monitor for some weeks, might be tempted
to
> try trading it short term, tho.
>
>  As I have mentioned before, I have a problem with its valuation, even tho
I
> love their glazed donuts hot off the rack. They need 13 cents to just meet
> the full year forecast, looks possible but much less likely they can
> surprise. And must average better than 15 cents each qtr next year again
to
> just meet forecasts. Strong growth, well executed business plan for
> aggressive growth, but I keep coming back to valuations.
>
>  Tom Worley
>  stkguru@netside.net
>  AIM: TexWorley
>    ----- Original Message -----
>    From: Katherine Malm
>    To: canslim@lists.xmission.com
>    Sent: Friday, January 11, 2002 9:57 AM
>    Subject: Re: [CANSLIM] Opinions on KKD?
>
>
>    Hi John,
>
>    Mixed bag. Terribly high PE as Andreas pointed out yesterday. But
printing
> higher highs and higher lows. An LLUR candidate in the making? or a head &
> shoulders top starting to form? Can't tell...but I wouldn't touch it
unless
> it were clearer. If in since 11/14 B/O, nothing's violated that except a
> brief dip below the pivot shortly after.
>
>    Katherine
>      ----- Original Message -----
>      From: Cefaloni, John L Jr. [AMSTA-AR-WEA]
>      To: canslim@lists.xmission.com
>      Sent: Friday, January 11, 2002 8:48 AM
>      Subject: [CANSLIM] Opinions on KKD?
>
>
>      Others have asked about this one recently, but there hasn't been much
>      discussion.
>
>      Anyone have opinions on KKD's chart and it's legitimacy as a CANSLIM
>      breakout candidate?
>
>      Thanks,
>      John C. >>
>
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