Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] (CANSLIM) ATPX
Date: Fri, 19 Apr 2002 22:53:09 -0400
Previous Article (by Author): [CANSLIM] CANSLIM jc "John Calkins"
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Denis asks: > 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? Denis, there could be a lot of reasons for this, including simply a bad print (input) of an actual execution. This price is so far away from real market pricing that I doubt it actually happened. But you can get some really strange pricing in pre-market and post-market trading, where volumes are down and even big cap stocks can be thinly traded (any time the volume is not there, expect spreads to increase logrithmetically. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message ----- From: "Ian" <ianstm@shaw.ca> To: <canslim@lists.xmission.com> Sent: Friday, April 19, 2002 11:02 PM Subject: Re: [CANSLIM] (CANSLIM) ATPX "ATPX is in the "casino" sector. " Whoops. ATPX sells advanced composite materials to the aerospace and defense sector. Otherwise known as 'honeycomb' products. I sure hope they don't have a gambling attitude toward the production of their products ... Ian - ----- Original Message ----- From: Denis Breglia <greywood@sprintmail.com> To: <canslim@lists.xmission.com> Sent: Friday, April 19, 2002 6:17 PM Subject: [CANSLIM] (CANSLIM) ATPX > 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. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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