Go to Jeff Salisbury LWGate Home Page.From: Jerry Weiss <docdoer@swbell.net>
Subject: Re: [CANSLIM] MWRK, microcaps, charts
Date: Sat, 04 May 2002 11:01:18 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_00DE_01C1F35B.048FF000 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable K: I haven't been in the market very long, but I've been examining an awful = lot of charts. I've seen the pattern you're describing [the sudden, = rapid ascent from a long, short or almost non-existant base] occur in = various stock charts over time, but my impression is that the phenomenon = has snowballed "recently" -- perhaps over the last year or two. =20 The micro-caps and other stocks I've looked at come from internet "stock = selectors," so I assume they are just "average." Would you mind sharing = the 'source' of your micro-caps? Do you get them off the NASDAQ site, = TC-2000, or a general "stock selector." TIA Jerry =20 Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Friday, May 03, 2002 9:54 AM Subject: [CANSLIM] MWRK, microcaps, charts 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 - ------=_NextPart_000_00DE_01C1F35B.048FF000 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D4>K:</FONT></DIV> <DIV><FONT face=3DArial size=3D4>I haven't been in the market very long, = but I've=20 been examining an awful lot of charts. I've seen the=20 pattern you're describing [the sudden, rapid ascent from a = long, short=20 or almost non-existant base] occur in various stock = charts over=20 time, but my impression is that the phenomenon has snowballed=20 "recently" -- perhaps over the last year or = two. </FONT></DIV> <DIV><FONT face=3DArial size=3D4></FONT> </DIV> <DIV><FONT face=3DArial size=3D4>The micro-caps and other stocks I've = looked at come=20 from internet "stock selectors," so I assume they are just = "average." =20 Would you mind sharing the 'source' of your micro-caps? Do you get = them=20 off the NASDAQ site, TC-2000, or a general "stock = selector."</FONT></DIV> <DIV><FONT face=3DArial size=3D4></FONT> </DIV> <DIV><FONT face=3DArial size=3D4>TIA</FONT></DIV> <DIV><FONT face=3DArial size=3D4>Jerry</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D4></FONT> </DIV> <DIV>Message ----- </DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dkmalm@earthlink.net = href=3D"mailto:kmalm@earthlink.net">Katherine=20 Malm</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> Friday, May 03, 2002 9:54 = AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] MWRK, = microcaps,=20 charts</DIV> <DIV><FONT face=3DArial size=3D4></FONT><FONT face=3DArial = size=3D4></FONT><FONT=20 face=3DArial size=3D4></FONT><FONT face=3DArial = size=3D4></FONT><BR></DIV> <DIV>Ian,</DIV> <DIV><FONT face=3DArial size=3D4></FONT> </DIV> <DIV>I'm addressing this to you primarily, as you are more familiar = with=20 microcap behavior, though others on the list may have a point of view = on this=20 as well... I tend to stick to stocks trading >=3D$10, but monitor = lower=20 priced stocks for the up and comers. Something I've observed that = confuses me,=20 however, are the chart patterns for these minis as they begin their = charge=20 ahead. A good recent example is MWRK (not a perfect example, because = it traded=20 around 6-12 for quite a while before breakout, but good enough for the = chart=20 example.)</DIV> <DIV><FONT face=3DArial size=3D4></FONT> </DIV> <DIV>The question is this....when I look at this chart, it looks like = a=20 classic parabolic climax run. Something I normally see after a stock = has put=20 in its 3rd or 4th stage base and is giving up the ghost. In those = cases, I'm=20 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=20 long flat slumbering bases, settle down, and then start a steady = ascent. Is=20 that a "normal" pattern that I'm seeing for the microcaps or is it an = anomaly=20 that you've noticed in the market over the last couple of years? Any = and all=20 thoughts on the subject would be most appreciated.</DIV> <DIV><FONT face=3DArial size=3D4></FONT> </DIV> <DIV>Katherine</DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_00DE_01C1F35B.048FF000-- - - - -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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