ITRI (was Re: [CANSLIM] stock idea)

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: ITRI (was Re: [CANSLIM] stock idea)
Date: Fri, 19 Apr 2002 20:53:26 -0400

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Hi Neal,

Chart looks to me to be extended. If you are already in it, that's ok, but
it would not be a buy right now. I see a rough c&h basing pattern that
started with the left lip on 12/28/01. The cup is poorly formed and ragged,
the blow off selling occurred too early. Volume on the right side is not as
heavy as I would prefer. Handle formed from 3/14 to 4/9. Volume in the
handle was inconsistent, and did not dry up as much as desired. Breakout was
from 30.50 or so, at 35.55 it is nearly 15% higher, thus extended as I read
it.

You could argue that the high set on 12/5 at 34.21 establishes the pivot
point, but then that disregards the c&h formation.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Neal Frankle" <nfrankle@pacbell.net>
To: <canslim@lists.xmission.com>
Sent: Friday, April 19, 2002 12:39 PM
Subject: RE: [CANSLIM] stock idea


Thanks, Tom.  Quarterly sales/earnings look very stong.The chart looks good
to me.  Ratings are strong.  Weekly chart looks good too.  Is that enough to
get on the watch list?


Neal

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Friday, April 19, 2002 8:47 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] stock idea

why do you like it, Neal? Give us some CANSLIM reasons, please.

It's certainly not taboo to discuss individual stock picks, but makes the
discussion a lot more useful if you present it with your reasons why it is
your CANSLIM pick.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Neal Frankle" <nfrankle@pacbell.net>
To: "Jeff Salisbury" <canslim@lists.xmission.com>
Sent: Friday, April 19, 2002 11:43 AM
Subject: [CANSLIM] stock idea


I don't know if now its taboo to discuss individual picks.....I suppose this
changes and I may have missed the latest decision.

ITRI

Whadya think?

Neal

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