Re: UOPX (was: [CANSLIM] VectorVest fundies)

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: UOPX (was: [CANSLIM] VectorVest fundies)
Date: Tue, 12 Mar 2002 11:09:28 -0700

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I look to see if it can consolidate above the pivot point, generally have a mild sell 
off, but I haven't seen much of that.  I guess something on the order of a 3 or 4 day 
flag-like pattern would be good (a several day pullback at that point would not fit the 
definition of a flag pattern I don't think, but a pattern of that sort is the idea).  Also, 
hitting the 20 day EMA is not a bad support level.

My activity in the market is pretty limited lately, like I said, I don't see all that much 
I'm interested in buying. CMS is breaking out today, speaking of breakouts, for 
anyone who thought it looked like a buy.

On 12 Mar 2002 at 12:36, Ben Chilcote wrote:

> Patrick,
> 
> If not buying on the breakout, at what point would you buy and what would
> your criteria be for getting in on the stock?  I know WON states not to buy
> more that 5% above the pivot price.
> Thanks,
> Ben
> 
> ----- Original Message -----
> From: "Patrick Wahl" <pjwahl@attbi.com>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, March 12, 2002 10:42 AM
> Subject: RE: UOPX (was: [CANSLIM] VectorVest fundies)
> 
> 
> > I didn't get into UOPX, couldn't convince myself it was a great industry.
> I have also
> > been avoiding breakouts for the most part.  If a stock I like breaks out,
> I have been
> > watching it and seeing if it pulls back and how it acts, then I might get
> in, but I see
> > too many breakouts fail lately to get in on the initial breakout.  (like I
> said a couple
> > months ago, you could make more money shorting breakouts than buying them)
> >
> > >
> >
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