Re: [CANSLIM] "M"

From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: [CANSLIM] "M"
Date: 25 Mar 2002 15:38:41 -0800

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An HTF that I was watching broke down in flames today. I do not buy until 
the day after the B/O to a new high from the HTF since they are very prone 
to failure.

At 06:04 PM 3/25/2002 -0500, you wrote:
>Ian:
>
>      It might be what WON characterizes as a high tight flag: "Although the
>high, tight flag pattern is quite rare, it remains a valid (bullish) base
>formation. The pattern begins with a stock that about doubles over four to
>eight weeks, typically. Then it corrects no more than 10% or 20%, usually
>over a three- to five-week period. This pattern, however, is very risky and
>difficult to interpret correctly." (From IBD.com, Ask IBD).
>      To me it's too extended now to buy, however; see if the hi tight flag
>pattern holds (ie, it retraces only 10-15%).  WON says that it is rare, but
>this implies that it does occur.
>
>jans
>
>
>
>In a message dated 3/25/2002 12:08:07 PM Eastern Standard Time,
>ianstm@shaw.ca writes:
>
><< Tom:
>
>  My Marketocracy fund is hitting new highs almost daily. Lots of strong
>  microcaps out there. But I admit that I'm feeling lucky I loaded up on the
>  QGLY breakout on the 11'th at $4. It was a classic technical breakout,
>  following a decent quarter. Annoyingly, in a brain-dead moment - I failed to
>  actually buy any real shares for myself.
>
>  Anyone have an opinion on whether or not todays QGLY spike is just a
>  daytraders plaything, or will it catch strong institutional support? >>

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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