Re: [CANSLIM] Introduction

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Introduction
Date: Wed, 13 Feb 2002 02:01:41 -0500

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Hi Rob, and welcome to the group.

The LLUR pattern was a contribution to this group by a former member over
three years ago. More recently, IBD discovered the "ascending base" which
has similar definitions.

Best way to see the "base" is by tilting your head about 45 degrees to the
left.  Entry and exit points depend on whether you are trying to trade short
or long term. For short term, it's critical to identify the moving average
which marks the lower and upper sides of the trading range. For long term,
entry is pretty much a matter of your choice. Take DLX for example. You
could have thrown a dart and entered it anywhere you wanted over the past
nine months or so, and still have a respectable profit now. And that's
despite slow growth, 1.1% earnings growth for 2001, 6% estimated for this
year, and today's announcement they may earn up to 9.6% (WOW!!!) this year.

Ideally, with a LLUR pattern, you want to see 12 months of a consistent
pattern without measurable volatility. The tighter the daily trading range,
the better. And you also need to have all the standard CANSLIM elements in
place (RS, EPS, etc.).

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Rob Miller" <rmiller2@carolina.rr.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, February 12, 2002 4:28 PM
Subject: [CANSLIM] Introduction


> Hello All,
>
> I subscribed a few weeks ago but thought I would listen for a while before
> introducing myself.  An interesting group.  I'm not new to investing or
> CANSLIM, though I did stray for a while.  I became interested in CANSLIM
> about six years ago.  After practicing CANSLI (M seemed irrelevant at that
> time) for a couple of years, I began to ignore fundamentals just as the
> market ignored them.  I am well versed in technicals and that became the
> hallmark of my strategy for the last year of the bull market.  Somewhat
> coincidentally, I got out of the market in March 2000 just before the
Nasdaq
> fell apart.  The coindicence is that although I saw  signs of a market
top,
> I went to cash for a different reason...vacation.  Yes the market fell
apart
> while I was on vacation.  I have been largely out of the market ever
since,
> with only a few trades along the way.  I had also just finished college
and
> was at my new career for only 9 months at the time.  I have since devoted
> more time to my career and less to personal investing.  That has all
changed
> now.  Last week I quit my job.  After almost three years as an investment
> analyst (primarily mutual funds and retirement accounts) at a small
startup
> firm, I decided that the promise of higher pay in the future was no longer
> enough.  I said "show me the money," and they said "we don't have any."
> Also, while mutual fund analysis is surpisingly challenging and fun, my
real
> interest is in stocks.  So here I am, investing full time, at least
> temporarily.
>
> Now for a question.  I tried to look this up in the archives, but I can't
> get the archives to work.  How does the LLUR chart pattern fit the CANSLIM
> mold and how do you adapt the entry and exit methods?  I don't recall ever
> hearing O'Neil mention this chart.  Is this a generally accepted exception
> to the basic chart patterns that O'Neil promotes?  It's an intriguing
> pattern given the lack of good bases out there, though it seems to go
> against the basic CANSLIM buying philosophy.
>
> Rob Miller
>
>
>
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>



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