Re: [CANSLIM] (CANSLIM) ATPX

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] (CANSLIM) ATPX
Date: Fri, 19 Apr 2002 20:02:32 -0700

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"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.
>
>
>
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