[CANSLIM] MWRK, microcaps, charts

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: [CANSLIM] MWRK, microcaps, charts
Date: Fri, 3 May 2002 09:54:46 -0500

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Ian,

I'm addressing this to you primarily, as you are more familiar with =
microcap behavior, though others on the list may have a point of view on =
this as well... I tend to stick to stocks trading >=3D$10, but monitor =
lower priced stocks for the up and comers. Something I've observed that =
confuses me, however, are the chart patterns for these minis as they =
begin their charge ahead. A good recent example is MWRK (not a perfect =
example, because it traded around 6-12 for quite a while before =
breakout, but good enough for the chart example.)

The question is this....when I look at this chart, it looks like a =
classic parabolic climax run. Something I normally see after a stock has =
put in its 3rd or 4th stage base and is giving up the ghost. In those =
cases, I'm looking to run for cover or short. But what I've noticed =
lately is the tendency for microcaps to shoot into these patterns after =
breaking from their long flat slumbering bases, settle down, and then =
start a steady ascent. Is that a "normal" pattern that I'm seeing for =
the microcaps or is it an anomaly that you've noticed in the market over =
the last couple of years? Any and all thoughts on the subject would be =
most appreciated.

Katherine

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<BODY bgColor=3D#ffffff>
<DIV>Ian,</DIV>
<DIV>&nbsp;</DIV>
<DIV>I'm addressing this to you primarily, as you are more familiar with =

microcap behavior, though others on the list may have a point of view on =
this as=20
well... I tend to stick to stocks trading &gt;=3D$10, but monitor lower =
priced=20
stocks for the up and comers. Something I've observed that confuses me, =
however,=20
are the chart patterns for these minis as they begin their charge ahead. =
A good=20
recent example is MWRK (not a perfect example, because it traded around =
6-12 for=20
quite a while before breakout, but good enough for the chart =
example.)</DIV>
<DIV>&nbsp;</DIV>
<DIV>The question is this....when I look at this chart, it looks like a =
classic=20
parabolic climax run. Something I normally see after a stock has put in =
its 3rd=20
or 4th stage base and is giving up the ghost. In those cases, I'm =
looking to run=20
for cover or short. But what I've noticed lately is the tendency for =
microcaps=20
to shoot into these patterns after breaking from their long flat =
slumbering=20
bases, settle down, and then start a steady ascent. Is that a "normal" =
pattern=20
that I'm seeing for the microcaps or is it an anomaly that you've =
noticed in the=20
market over the last couple of years? Any and all thoughts on the =
subject would=20
be most appreciated.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV></BODY></HTML>

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