[CANSLIM] Re: LLUR

From: "Donald Wallker" <dougald@dmv.com>
Subject: [CANSLIM] Re: LLUR
Date: Wed, 17 Jul 2002 12:00:59 -0400
Next Article (by Author): [CANSLIM] CRDN (Ceradyne): CANSLIM in the making microcap? Ian
Previous Article (by Author): [CANSLIM] LLUR "David Taggart"
Articles sorted by: [Date] [Author] [Subject]
As a mater of curiousity I raised LLUR on my MSN Screen and it showed a
value of $0.00.  That's  pretty flat base. Donald Walker - dougald@dmv.com
- ----- Original Message -----
From: "Duke Miller" <dukemill@tampabay.rr.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, July 16, 2002 10:09 PM
Subject: RE: [CANSLIM] LLUR vs. Late Stage Base


> Thanks very much, Harvey.
>
> In the absence of any reason whatsoever to be buying, I'm mining.  It
> occurred to me LLUR's would be fertile.
>
> Duke
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Harvey Brion
> Sent: Tuesday, July 16, 2002 4:04 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] LLUR vs. Late Stage Base
>
>
> Duke,  Here's a starting point.  I've been collecting LLURs in a
> separate watch list, mostly from Tom's WWW.  I had not culled in a while
> so had 45 stocks in the list.  One was recently announced as being
> acquired by Berkshire Hathaway (GAN).  I eliminated 13 that recently
> closed (weekly as of last Friday) below their 200 DMA,  then 21 more
> that recently closed below their 50 DMA.  That left 10 that have not
> (yet) closed below their 50 DMA; they are:
>
> HRB
> CFFN
> DCOM
> FCN
> FDP
> GLG
> JLL
> LABS
> PORT
> PFG
>
> This list was not produced by screening for LLUR so there may be a lot
> more out there.  It's best to look at them initially on weekly charts.
> Tom likes to see a year's worth of upslope and some may not be there
> yet.  Most have broken their upslope in the last few weeks.
> Unfortunately, but understandably, the best looking slopes are banks or
> S&Ls.  Anyone reviewing these should do their own CANSLIM due diligence.
> Good luck,  Harvey
>
>
>
> Duke Miller wrote:
>
> > Tom:
> >
> > Just out of curiosity, is there an existing list of LLUR's somewhere?
> >
> > Duke
> >
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
> > Sent: Friday, July 12, 2002 10:55 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] LLUR vs. Late Stage Base
> >
> > my only comment is that I don't consider a LLUR to be quite the same
> > as an ascending base as described by WON. A good LLUR never really
> > corrects, it may flatten out briefly (a week or two or three) but
> > without a perceptible correction.
> >
> > ----- Original Message -----
> > From: <Spencer48@aol.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Friday, July 12, 2002 2:56 PM
> > Subject: [CANSLIM] LLUR vs. Late Stage Base
> >
> > Tom:
> >
> >      I often had troubles in identifying LLUR's and distinguishing
> > them from
> > WON's late-stage bases.   While LLUR's look bullish and strong (and
> I've
> > read
> > often that "the trend is your friend"), I wasn't able to understand
> > the difference between them and late stage bases-since they are both
> > ascending bases (with LLURs being bullish and late-stage bases being
> > bearish [according to WON's analysis]).  To me, however, both were
> > like an indecipherable Elliot Wave in that invariably:  One can always
>
> > identify the wave AFTER the fact.
> >
> >      So I wrote Ask WON (in investors.com) and here is his answer:
> >
> >      "My question is: how do you distinguish between an ascending base
>
> > and a late stage base-they both rise from  about 3 bases. Cincinnati,
> > OH (AskWon answered it 7/8/02)
> >       WON's Answer:  The difference lies in the shape of the bases. In
>
> > a late-stage base, the stock might have already run up anywhere from
> > as much as 100% to 400%-500% or more. The bases it made along the way
> > had a minimum correction of 20%, assuming they were all cup bases. But
>
> > in an ascending base, there are three pullbacks from 10% to 20% each,
> > and the low point during each sell-off is higher than the previous.
> > Since the pullbacks were smaller than in a normal cup base, you can
> > count this as one long base structure. These bases occur when a stock
> > has much power but is held back by a sideways-moving market. Always
> > keep in mind that ascending bases are rare. Also remember that if a
> > stock breaks out of a base, but then corrects so far down that it
> > undercuts the bottom of its base, you can then reset the base count."
> >
> > jans
>
>
> -
> -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.
Go to Jeff Salisbury LWGate Home Page.