Re: [CANSLIM] NOBL - to hold on?

From: Harvey Brion <hbrion@ieee.org>
Subject: Re: [CANSLIM] NOBL - to hold on?
Date: Wed, 17 Apr 2002 10:17:53 -0700

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I agree that 1/28 to 2/28 looks like a pretty good handle, volume drying to
almost nothing, and breakout @12.05+.  Unfortuately, the breakout was blown big
time on 3/25 with a low of 10.77, although it came back to close that day at
12.44.  Even a disciplined "soft" stop would have sold after the next day when
it closed at 12.00.  Since then, there's been no consolidation.  It may be a
good one but you'd have to have broken the sell rules to still be in it now.

Bill Triffet wrote:

> I think Tom made the remark about wishing he'd held on to this one longer.
>
> I'm looking at a 1 yr log chart and view the most recent valid breakout as
> 2/28. This would should have been at about $12-$12.5 (?)
>
> Given all of the failed breakouts we've waded through lately, I for one,
> would have probably pulled the plug on 3/22 given the 2 big tails in 5 days.
> Granted the volume wasn't huge, I would still have a hard time watching my
> stock come back to zero after almost a month.
>
> Do others see it this way?
>
> So
>
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