Re: AW: [CANSLIM] DYII Revisited--post analysis

From: Gyorgy Veszpremi <GyorgyV@rcmachine.com>
Subject: Re: AW: [CANSLIM] DYII Revisited--post analysis
Date: Thu, 17 Jan 2002 14:09:50 -0600
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A small profit is still better than a loss.

Andreas Himmelreich wrote:

> yep, just got kicked out (with a smal profit ...)
>
> > -----Ursprungliche Nachricht-----
> > Von:  Gyorgy Veszpremi [SMTP:GyorgyV@rcmachine.com]
> > Gesendet am:  Thursday, January 17, 2002 8:44 PM
> > An:   canslim@lists.xmission.com
> > Betreff:      Re: [CANSLIM] DYII Revisited--post analysis
> >
> > It seems that one of the last few good looking charts (DFXI) is also breaking
> > down.
> >
> > Gene Ricci wrote:
> >
> > > 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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> > >
> >  << Datei: ATT00013.htm >>
>
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