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

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] ACMR - Investors.com weblink???
Date: Thu, 18 Jul 2002 23:48:30 -0400

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Bill, you don't mention what the period is that is being used, but if it is
the past six trading days, the steepness of that decline to me is a "cliff",
not a handle.  My very loose definition of a "handle" still requires some
kind of horizontal orientation, rather than a near vertical pitch. And
volume for the past six days was at or over ADV every day, and down on price
each day as well.

I would have expected at least some logical support just under 40, it went
right thru that support area without hesitation, that's a weak signal in my
book.

- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: "canslim" <canslim@lists.xmission.com>
Sent: Thursday, July 18, 2002 6:49 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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