[CANSLIM] (CANSLIM) ATPX

From: "Denis Breglia" <greywood@sprintmail.com>
Subject: [CANSLIM] (CANSLIM) ATPX
Date: Fri, 19 Apr 2002 21:17:20 -0400

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I have a question for the more experienced members
of the list.

ATPX hit my version of a CANSLIM radar screen last
week (4/10).

My screen is fairly simplistic and quick to apply
at the end of the trading day for next day or
afterhours trades.  I first look for new highs on
no less than 3X ADV (canslim.net (breakouts)or
barchart.com(52 week highs)(Volume & ADV from
Yahoo.com)).  Then I run the symbols through the
CANSLIM stock evaluator so graciously provided by
cwhcharts.  If it scores at least 6/11, I then
take a look at the chart.

In the case of ATPX, the chart looked like a C&H
with the left side of the cup around Nov 1.  Right
side rising to a pivot of around $30.00 around Mar
11.  The pivot was broken on volume Apr 10.  ATPX
is in the "casino" sector.  Since there have been
a couple of stocks that passed my screen in this
sector over the past ten days (ISLE, AZR) I
decided to wait for a pullback and buy it.  I
missed my opportunities on 4/11 & 4/12.  Yesterday
I made my buy on a Limit of 32.50.  I placed a
stop below the pivot at 29.40.

Now.....my question....

The stock traded today (during NYSE hours) in a
range from $32.75 to $34.95.  When I went to look
at the afterhours quote I was surprised to see a
sale at $1.00.  I assume that someone had put in a
$1.00 bid and someone else had placed a market
sell order.  Is there any other way this sale
could have occurred?   If it happened this way, is
it a legal sale or is it considered a "mistake"
and the trade is nullified?

Thanks to all who share their wisdom and
experience in this forum.



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