Re: [CANSLIM] ACMR - Investors.com weblink???

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] ACMR - Investors.com weblink???
Date: Thu, 18 Jul 2002 20:26:10 -0700

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Zilla,

Now I have my trusty HTMMIS in hand I see a couple things:

"Nearly all proper bases will show a dramatic volume dry  up in the very low
of the base patttern and in the low area of the handle".

But it goes on to say," The combination of tightness in prices (daily or
weekly price closes being very close to each other) and dried up volume is
generally quite constructive". Hmmm.
I'd say the tightness in prices maybe pertains to the 1st stage base.

I see volume the dry up but that 20% dip is a bit scary. As far as not
crossing the 200dma goes, I'd have bailed as it crossed the 50...but that's
just me. Heck, a 60% gain in 3months would be just fine with me! (g)

- -Bill


- ----- Original Message -----
From: "zillagirl" <zillagirl@email.msn.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, July 18, 2002 7:32 PM
Subject: Re: [CANSLIM] ACMR - Investors.com weblink???


> bill-I'm pretty bad at bases still, but do you think he referred to this
as
> a base because it did not break the 200 day average? Thanks for bringing
> this up-it made me really stop and pay attention to this move and try to
> learn more instead of just read about it again and miss it.
> ----- Original Message -----
> From: "Bill Triffet" <btriffet@earthlink.net>
> To: "canslim" <canslim@lists.xmission.com>
> Sent: Thursday, July 18, 2002 3:49 PM
> Subject: [CANSLIM] ACMR - Investors.com weblink???
>
>
> > Anyone catch the Investors.com weblink?
http://www.investors.com/weblink/
> > It's describing the action of ACMR. Now, look at what they define as a
> > "second stage base"
> > Yes, volume dried up for that period but look at the price swing - an
over
> > 20% decline from the previous high to the intraday low. I wouldn't have
> > considered that a base at all. I guess the lack of volume is the key to
> > interpreting that base? Perhaps I need to also consider the previous 79%
> > gains based on the breakout from the first stage?
> >
> > Bill Triffet
> >
> >
> >
> >
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