RE: [CANSLIM] NOBL

From: "Tim Fisher" <Tim@orerockon.com>
Subject: RE: [CANSLIM] NOBL
Date: 18 Apr 2002 08:21:23 -0700

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I ignore resistance older than 52 weeks. Thus it was at a 52 week high he 
day of the B/O. Of course you didn't see a flat base since there was not 
one. I should have said "short volatile base" and left it at that.

At 10:50 AM 4/18/2002 -0700, you wrote:
>Hi Tom,
>
>Thanks for your response, but I think we miscommunicated on something --
>3/10/00 to date -- 'to short a basing pattern to call a cup' ? That's two
>years.
>
>Tim commented it was 'breaking out from a short volatile flat base', but I
>wasn't seeing a flat base on the daily chart, so went to the weekly. When I
>look at the weekly chart, the entire chart looks like a cup     almost at the
>top of the right side with volume picking up significantly from 1/25/02
>forward.
>
>That's longer than WON's '7 to as many as 65 weeks (most are usually three
>to six months)' and more correction than his 'usual percentage correction
>from the absolute peak to the low point of the price pattern varies from 12%
>or 15% to 33%,' but it looked so much like it fit the general pattern, I
>thought I'd ask.
>
>-- Mona
>
>
>
> > Hi Mona,
> >
> > what you are seeing as a cup is, to me, to short a basing pattern
> > to call a
> > cup. I simply see it as volatility on profit taking on a stock
> > that has run
> > up pretty far, pretty fast.
> >
> > I bought just using short flat bases, on 12/31 at 8.13, and 1/8/02 at 8.99
> > when it didn't back off. I sold 2/19 at 11.47 primarily because I was
> > concentrating more funds in technology, and was not comfortable with the
> > automotive industry at the time. Where I sold it was in another flat line
> > base, so the stock was not giving me a reason to sell, and I should still
> > have waited for that reason, and made a lot more money.
> >
> > Tom Worley
> > stkguru@bellsouth.net
> > AIM: TexWorley
> > ----- Original Message -----
> > From: "Mona Guarino" <webmaster@design21.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Wednesday, April 17, 2002 11:15 AM
> > Subject: RE: [CANSLIM] NOBL
> >
> >
> > Tom, I know the feeling as to baling too soon and then wathing something
> > climb . . .
> >
> > Question on c&p on this one. Looking at a weekly chart, I see a move up
> > before 3/10/00 and then a cup just finishing it's right side now -- within
> > 5% of the top of the left. So, I'd be looking for it to get to 16.75 and
> > then form a handle. Or, was the activity 3/15 to 3/29 the handle already?
> >
> > Thanks,
> > -- Mona
> >
> > > -----Original Message-----
> > > From: owner-canslim@lists.xmission.com
> > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
> > > Sent: Monday, April 15, 2002 10:10 PM
> > > To: canslim@lists.xmission.com
> > > Subject: Re: [CANSLIM] NOBL
> > >
> > >
> > > still can't believe I bought this one right, then bailed out
> > WAY too soon.
> > >
> > > Tom Worley
> > > stkguru@bellsouth.net
> > > AIM: TexWorley
> > > ----- Original Message -----
> > > From: "Tim Fisher" <Tim@orerockon.com>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Monday, April 15, 2002 10:39 AM
> > > Subject: [CANSLIM] NOBL
> > >
> > >
> > > Breaking out from a short volatile flat base....I bot 1/2 pos.
> > Not a good
> > > "M"! But I wanted to test the "small cap outperforming" theory - I had a
> > > banner week last week.
> > >
> > > Tim Fisher
> > > Ore-ROCK-On Rockhounding Web Site
> > > Owner, Fisher Fisheries, Ltd.
> > > mailto:tim@OreRockOn.com
> > > WWW http://OreRockOn.com
>
>
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Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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