Go to Jeff Salisbury LWGate Home Page.From: "Denis Breglia" <greywood@sprintmail.com>
Subject: Re: [CANSLIM] (CANSLIM) ATPX
Date: Sat, 20 Apr 2002 18:17:36 -0400
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Thanks to both those who pointed out the sector error. That's what happens when I rely on memory. Thanks to Tom for the comment below on spreads in a thinly traded stock during extended hours. I'm glad that my stop orders aren't acted on in extended hours. - ----- Original Message ----- From: "Tom Worley" <stkguru@bellsouth.net> To: <canslim@lists.xmission.com> Sent: Friday, April 19, 2002 10:53 PM Subject: Re: [CANSLIM] (CANSLIM) ATPX > 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. - - - -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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