RE: [CANSLIM] DYII Revisited--post analysis

From: Dave Wulf <DWulf@WBMNet.Com>
Subject: RE: [CANSLIM] DYII Revisited--post analysis
Date: Thu, 17 Jan 2002 13:53:44 -0600
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I have a question(s) with regard to the Greenberg Article..... First is: How
is it he (Greenberg),happened to sit in on this call? Second is: What
if....just what if, there are no "accounting shenananigans" and the CFO and
CEO are not making goofy responses/non-responses?  And last a suggestion
that he sit in on a conference call for his employer: The Street.Com (TSCM)
sometime.....now there's a chart to analyze.  Regards, Dave Wulf   

> ----------
> From: 	Gene Ricci[SMTP:genr@swbell.net]
> Reply To: 	canslim@lists.xmission.com
> Sent: 	Thursday, January 17, 2002 1:35 PM
> To: 	canslim@lists.xmission.com
> Subject: 	Re: [CANSLIM] DYII Revisited--post analysis
> 
> Topping Tail Bars - TT     (Tail or Wick UP)
> 
> Bars in which prices had been higher, then supply forced prices lower into
> the lower part of the bars range.
> 
> Pristine Tip: While there are different variations, the message is always
> the same ! Distribution has occurred!
> 
>  
> 
> Bottoming Tail Bars - BT (Tail or Wick DOWN)
> 
> Bars in which prices had been lower, then demand forced prices higher into
> the upper part of the bars range.
> 
> Pristine Tip: While there are different variations, the message is always
> the same ! Accumulation has occurred!
> 
>  
> 
>  
> 
> 	----- Original Message ----- 
> 	From: Katherine Malm 
> 	To: canslim@lists.xmission.com 
> 	Sent: Thursday, January 17, 2002 12:51 PM
> 	Subject: Re: [CANSLIM] DYII Revisited--post analysis
> 
> 	Thanks, Bill.
> 	 
> 	There are more technical terms for what I call a tail. In
> candlestick analysis there is a name for a "tail up" and a "tail down" but
> I always forget their official names as I have no context for the terms. I
> tend to use more personal words to describe price action and it
> unfortunately doesn't always translate well. When I was a kid I used to
> chase and catch pollywogs....thus my use of the term "tail." Tail
> down...pollywog swimming south. Tail up....pollywog swimming north.
> 	 
> 	My personal favorite site for learning more about technical analysis
> is TradingMarkets.com. (excellent paid site--
> http://www.tradingmarkets.com ) Another with good technical chart reading
> lessons (free) is StockCharts.com (
> http://stockcharts.com/education/index.html). For info on candlesticks
> (free)--- http://www.litwick.com
> 	 
> 	Katherine
> 	 
> 	PS... re "Btw, as I stare at my Jan 11, IBD Weekend Review my
> thoughts are: "Why is it
> 	listed here?" Exactly the reason I do my own homework.
> Interestingly, the EPS/SMR/ROE numbers if used as a proxy for fundamental
> strength would have told you this was ok. The high RS implies some form of
> technical strength. BUT due diligence and good chart reading tell another
> story. I don't think WON would advocate buying into such a faulty pattern,
> so I understand why it showed up on the list, but would otherwise be a
> "pass."
> 	 
> 
> 		----- Original Message ----- 
> 		From: Bill Triffet 
> 		To: canslim@lists.xmission.com 
> 		Sent: Thursday, January 17, 2002 12:37 PM
> 		Subject: Re: [CANSLIM] DYII Revisited--post analysis
> 
> 		Excellent analysis Katherine! The comment (2) about "short
> sellers at fault"
> 		should have been a big red flag.
> 		Excuse me if you've been asked this before here but your
> reference to
> 		"tails" in this and other posts has poked my interest as a
> way to track
> 		daily price moves. Is there a site or book you can recommend
> for study?
> 
> 		Btw, as I stare at my Jan 11, IBD Weekend Review my thoughts
> are: "Why is it
> 		listed here?".
> 
> 
> 		-Bill
> 		----- Original Message -----
> 		From: "Katherine Malm" < kmalm@earthlink.net>
> 		To: < canslim@lists.xmission.com>
> 		Sent: Thursday, January 17, 2002 9:30 AM
> 		Subject: [CANSLIM] DYII Revisited--post analysis
> 
> 
> 		DYII is a stock that came up for discussion on the list in
> early October.
> 		This is a stock that crossed my radar, but at the time I
> passed due to the
> 		poor chart action around 10/5. I have been watching it since
> and was
> 		interested in what the chart might have said prior to the
> failure yesterday.
> 		Here is what I saw that would have been sell signals for me:
> 
> 		(1) 10/5/01--tail...ominous end to attempted breakout of an
> 11-1/2 week
> 		base. This is one of the reasons (along with due diligence)
> that I crossed
> 		it off the list.
> 		(2) 10/8/01--gap down just before earnings-Co. press release
> says "short
> 		sellers at fault" That's the goofiest reasoning I've ever
> heard and was a
> 		red flag that these guys don't know what they're doing. I
> never like a gap
> 		down just before an earnings announcement. It's a big red
> flag. If it
> 		happens, I'll generally wait for a bounce in the next day or
> 2 that begins
> 		to reverse and will sell into strength.
> 		(3) 11/26/01--Breakout from sloppy 7 wk base. So, let's say
> someone bought
> 		on this breakout...let's see what comes next...
> 		(4) 11/28/01--Reversal that closes below low of previous day
> just after
> 		B/O---I would take at least 50% off the table on this sell
> rule.
> 		(5) 12/10/01-12/12/01--3 days closing just at "pivot"--red
> flag....stock has
> 		retraced to pivot, but not a sell rule in and of itself.
> 		(6) 1/3/02--promising action on high volume--ok, this action
> is acceptable,
> 		might be ok afterall...but still the red flags are
> there...more red flags
> 		and this one should be out of the portfolio.
> 		(7) 1/8/02-1/9/02--high volume with no progress for 2 days
> in a row---last
> 		red flag in my book, if I'd held the last 50%, it would be
> gone here.
> 		(8) 1/10/02--high volume tail that closes below low of
> previous day--if I'd
> 		lost focus and missed the last sell, this would be the next
> sell signal.
> 		(9) 1/14/02--gaps down on earnings day (earnings announced
> after market
> 		close)--sell rule hit---if I'd lost focus and missed
> everything else...this
> 		would be it.
> 		(10) 1/15/02--bounces, but leaves a tail on close---last
> chance for the
> 		exits, a little bounce while the bargain hunters move in.
> Sell.
> 		(11) 1/16/02--resolution. 2:46 pm, just before market close,
> Herb Greenberg
> 		article at theStreet.com points out possible accounting
> shenanigans and
> 		goofy CEO/CFO nonresponse to income statement inquiries. If
> I'd missed
> 		everything else and this plunged, an open protective stop
> set for
> 		"catastrophic loss" would have caught this on the way down.
> 		(12) 1/16/02--Company issues response to Greenberg article
> after market
> 		close. I still can't figure out why a CFO couldn't have
> answered these
> 		questions when they were asked. Maybe he learned accounting
> somewhere other
> 		than the US and is still learning.
> 
> 		A chart with comments is posted at:
> 		http://WallStreet-LLC.com/pub/DYII-PostAnal_011602.jpg
> 
> 		Katherine
> 
> 
> 
> 
> 
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