Re: [CANSLIM] MCAF Bounce


From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] MCAF Bounce
Date: Fri, 18 Jan 2002 16:48:45 -0600

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Interesting day for MCAF. I'd expect it to bounce around 20-25 for a =
while. That it didn't breach that old consolidation zone seems to be =
saying that there's enough support to keep the original B/O intact. I'd =
bet the volatility dies down a bit unless there's a short squeeze in the =
works and then cranks up the price in a hurry. When I originally entered =
the position, I felt that the 30 mark was the spot where it would run =
into the most trouble.=20
  ----- Original Message -----=20
  From: Gene Ricci=20
  To: canslim@lists.xmission.com=20
  Sent: Friday, January 18, 2002 4:31 PM
  Subject: [CANSLIM] MCAF Bounce


  Wasn't much of a bounce but I got out a little after lunch with a =
teeny profit... wonder what it would have done if 'they' had liked the =
IBM news? Not enough 'courage' to buy it back at the close... oh well, =
there's always Tuesday.



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<DIV>Interesting day for MCAF. I'd expect it to bounce around 20-25 for =
a while.=20
That it didn't breach that old consolidation zone seems to be saying =
that=20
there's enough support to keep the original B/O intact. I'd bet the =
volatility=20
dies down a bit unless there's a short squeeze in the works and then =
cranks up=20
the price in a hurry. When I originally entered the position, I felt =
that the 30=20
mark was the spot where it would run into the most trouble. </DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A> </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 18, 2002 =
4:31=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] MCAF =
Bounce</DIV>
  <DIV><BR></DIV>
  <DIV><FONT size=3D2>Wasn't much of a bounce but I got out a little =
after lunch=20
  with a teeny profit... wonder what it would have done if 'they' had =
liked the=20
  IBM news? Not enough 'courage' to buy it back at the close... oh well, =
there's=20
  always Tuesday.</FONT></DIV>
  <DIV><FONT size=3D2></FONT>&nbsp;</DIV>
  <DIV>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>

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