Go to Jeff Salisbury LWGate Home Page.From: John Lessnau <jl@lessnau.com>
Subject: Re: [CANSLIM] When to Buy
Date: Wed, 17 Apr 2002 23:26:06 -0400
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Thanks for the info Katherine... I gather from your chart mark ups, it seems one should look for increased volume on the right side of the cup then a drop off in volume on the handle. I just checked some of the example cup & handles of the "great winners" in How to Make Money in Stocks and most of the examples do not seem to exactly follow this rule. See Control Data pg 146 and Levitz furniture pg 147. Both of these stocks had huge run ups on less perfect Cup & Handles that BMS is currently in. I'll continue to keep an eye on it...
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Wednesday, April 17, 2002 7:28 PM
Subject: Re: [CANSLIM] When to Buy
Hi John,
I'm going to go out on a limb here and say that the stock is not forming a base, but is currently in a pullback. See a marked chart at:
http://WallStreet-LLC.com/canslim/BMS041702.jpg
Katherine
----- Original Message -----
From: John Lessnau
To: canslim@lists.xmission.com
Sent: Wednesday, April 17, 2002 4:44 PM
Subject: [CANSLIM] When to Buy
Assuming the stock in the attached graph had CANSLIM fundimentals what would be the pivot point and when would be the best time to buy? My guess would be when the stock hits 58 on increased volume of 400,000+ ???
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<DIV><FONT size=2>Thanks for the info Katherine... I gather from your chart
mark ups, it seems one should look for increased volume on the right side of the
cup then a drop off in volume on the handle. I just checked some of the
example cup & handles of the "great winners" in <U>How to Make Money in
Stocks</U> and most of the examples do not seem to exactly follow this
rule. See Control Data pg 146 and Levitz furniture pg 147. Both of
these stocks had huge run ups on less perfect Cup & Handles that BMS is
currently in. I'll continue to keep an eye on it...</FONT></DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=kmalm@earthlink.net href="mailto:kmalm@earthlink.net">Katherine
Malm</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, April 17, 2002 7:28
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] When to Buy</DIV>
<DIV><BR></DIV>
<DIV>Hi John,</DIV>
<DIV>
<DIV> </DIV>
<DIV>I'm going to go out on a limb here and say that the stock is not forming
a base, but is currently in a pullback. See a marked chart at:</DIV></DIV>
<DIV> </DIV>
<DIV><A
href="http://WallStreet-LLC.com/canslim/BMS041702.jpg">http://WallStreet-LLC.com/canslim/BMS041702.jpg</A></DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=jl@lessnau.com href="mailto:jl@lessnau.com">John Lessnau</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, April 17, 2002 4:44
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] When to Buy</DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>Assuming the stock in the attached graph had CANSLIM
fundimentals what would be the pivot point and when would be the best time
to buy? My guess would be when the stock hits 58 on increased volume
of 400,000+ ??? </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Subject): Re: [CANSLIM] When to Buy John Lessnau
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