Re: [CANSLIM] HTRN

From: Spencer48@aol.com
Subject: Re: [CANSLIM] HTRN
Date: Fri, 19 Jul 2002 14:42:31 EDT

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Charley:

     I don't believe it is a legitimate Cup either.  And, even though I had 
put it in my watchlist [and I still have it there-mainly because of its 
earnings, and also because I like the industry group], your question led me 
to look at a longer time span (than available in DGO).  

     A cup should have a run-up before it.  WON bases this analysis on the 
fact that the C&H formation is a good one because the stock has proven that 
it is strong (viz. on its run up on the left side).  

     HTRN, in my opinion, hasn't proven any such thing.  Its earnings and 
sales are really nice though.  I suspect that the run up now is going to be 
the left side of the cup-and not the right side as it pretends to be.

jans


In a message dated 7/18/2002 2:43:24 PM Eastern Daylight Time, 
btriffet@earthlink.net writes:

<< I recall WON showing a 2 yr formation sample in the old HTMMIS. I could be
 wrong though (don't have my book with me). One big problem I see chart wise
 though is the depth of the cup for HTRN.
 
 My "gut feeling" is that a chart is much more relevant in a 9 month to one
 year period as this is the time frame most investors base decisions on
 (meaning block traders).
 
 -Bill
 
 ----- Original Message -----
 From: <Chazmoore@aol.com>
 To: <canslim@lists.xmission.com>
 Sent: Thursday, July 18, 2002 10:45 AM
 Subject: [CANSLIM] HTRN
 
 
 > Folks:
 > On the 17th I asked if a cup, which took two years to form, is a valid
 > formation. This happens from time to time and I wondered if WON has
 addressed
 > the question or if any of you have had personal experiences with such a
 > sleeper.
 > Using just the data available HTRN completed the right side of a two year
 cup
 > on July 1, at a price of $17.75. For the last three weeks a "handle" has
 been
 > drifting to the right.
 > My gut feeling tells me this is not a legitimate c/h formation. What is
 your
 > opinion? Charley >>

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