Re: [CANSLIM] WLP

From: Neal Frankle <nfrankle@pacbell.net>
Subject: Re: [CANSLIM] WLP
Date: Mon, 22 Apr 2002 17:21:58 -0700

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thanks Simon.  I bought it because it had most of the components of =
CANSLIM but granted - not the technical chart pattern.

I agree with your comments.

Neal
  ----- Original Message -----=20
  From: Simon Yang=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, April 22, 2002 3:18 PM
  Subject: Re: [CANSLIM] WLP


   Neal,=20

  I took a simple/quick look at WLP, I did not understand why you bought =
at $60 6 weeks ago, I do not see any O'Neil pattern breakout there. This =
is a defensive play by big boys, It may drift up when the market has =
troubles. Personally I do not, or not yet, see big troubles of its =
trading, but you need to watch out. It is pretty hard for most canslim =
investors to make money in such market.=20

  Simon Yang, simoninvestments.net=20

    Neal Frankle <nfrankle@pacbell.net> wrote:=20

    I bought this at $60 - 6 weeks ago based on:
    earnings
    sales
    roi
    good sector
    (at the time of purchase ) a decent market.

    The stock reversed today after hitting a 52 wk high. Volume looks =
like it will come in heavy but not heavier than prior three (up) days.

    Is this a classic sell signal????? I have been here before, only to =
hold on to see my nice 20% gain evaporate.
    I'd like to avoid that experience if possible. Any thoughts?

    Thanks,
    Neal

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<DIV><FONT face=3DArial size=3D2>thanks Simon.&nbsp; I bought it because =
it had most=20
of the components of CANSLIM but granted - not the technical chart=20
pattern.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I agree with your =
comments.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Neal</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dsimoninvestments@yahoo.com=20
  href=3D"mailto:simoninvestments@yahoo.com">Simon Yang</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, April 22, 2002 =
3:18=20
PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
WLP</DIV>
  <DIV><BR></DIV>
  <P>&nbsp;Neal,=20
  <P>I took a simple/quick look at WLP, I did not understand why you =
bought at=20
  $60 6 weeks ago, I do not see any O'Neil pattern breakout there. This =
is a=20
  defensive play by big boys, It may drift up when the market has =
troubles.=20
  Personally I do not, or not yet, see big troubles of its trading, but =
you need=20
  to watch out. It is pretty hard&nbsp;for most canslim investors to =
make money=20
  in such market.=20
  <P>Simon Yang, simoninvestments.net=20
  <P>&nbsp; <B><I>Neal Frankle &lt;nfrankle@pacbell.net&gt;</I></B> =
wrote:=20
  <BLOCKQUOTE=20
  style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px =
solid">I=20
    bought this at $60 - 6 weeks ago based=20
    on:<BR>earnings<BR>sales<BR>roi<BR>good sector<BR>(at the time of =
purchase )=20
    a decent market.<BR><BR>The stock reversed today after hitting a 52 =
wk high.=20
    Volume looks like it will come in heavy but not heavier than prior =
three=20
    (up) days.<BR><BR>Is this a classic sell signal????? I have been =
here=20
    before, only to hold on to see my nice 20% gain evaporate.<BR>I'd =
like to=20
    avoid that experience if possible. Any=20
    thoughts?<BR><BR>Thanks,<BR>Neal<BR><BR>-<BR>-To =
subscribe/unsubscribe,=20
    email "majordomo@xmission.com"<BR>-In the email body, write =
"subscribe=20
    canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your=20
  email.</BLOCKQUOTE>
  <P><BR>
  <HR SIZE=3D1>
  <B>Do You Yahoo!?</B><BR><A=20
  href=3D"$rd_url/welcome/*http://games.yahoo.com">Yahoo! Games</A> - =
play chess,=20
  backgammon, pool and more</BLOCKQUOTE></BODY></HTML>

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