Re: [CANSLIM] ctsh

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] ctsh
Date: Sat, 27 Jul 2002 01:04:15 -0400
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Donald, "b/o" is just my shorthand, and that of others, for a breakout =
from a basing pattern, saves keystrokes.

Any base with an upwardly rising price would be suspect. You want to see =
it flat to a slight downtrend, with volume drying up.

With CTSH, I see several possible cup & handle formations on a daily, =
one year chart. First and largest pattern is the period from 12/26/01 to =
4/1/02 (left rim to right rim of the cup). This is followed by a fairly =
sharply declining price thus as a handle, it would be very weak.  When I =
first mentioned this stock in my Weekly Weeview (www), I was looking at =
the more recent pattern starting 5/31/01 when it began a sharp drop on =
heavy volume. It formed a very steep cup, nearly a funnel, then =
recovered into a flat base starting 6/13. On 7/16, it rose well above =
this flat base (the b/o) on heavy volume. Less than the ideal time =
period for a good basing formation, but done in a tough market. That is =
where I mark the breakout, using this flat base as the handle of a =
poorly formed and steep cup.

CANSLIM teaches us to buy on a b/o from a basing formation, of which c&h =
is one of the most favored and popular.  This b/o on 7/16 is the best =
b/o I see on this stock, as it was accompanied by major volume. The =
trading pattern following this b/o I consider to be a consolidation of =
about a 12% gain. Normally this would not be a significant gain, but =
measured against what all the indexes did during this time period, it is =
significant and was a gain maintained on volume, even on the down days.

This is not a buyable base, nor did I mean to suggest that, but rather =
suggests a strong stock exhibiting leadership. Thus this is one worth =
watching for when "M" tells us we should be starting to put cash back =
into the market.=20

- ----- Original Message -----=20
From: Donald Wallker=20
To: canslim@lists.xmission.com=20
Sent: Friday, July 26, 2002 8:40 PM
Subject: Re: [CANSLIM] ctsh


Tom-I don't understand.  What is a b/o, and,  what kind of base is =
exhibited by an upwardly rising share value?   Donald=20
  ----- Original Message -----=20
  From: Tom Worley=20
  To: canslim@lists.xmission.com=20
  Sent: Friday, July 26, 2002 2:41 PM
  Subject: Re: [CANSLIM] ctsh


  Donald, I see the past week of trading as building a new base =
(consolidation) after the earlier b/o on 7/16.  As bases go, not that =
impressive by itself, but is impressive for holding up after a =
substantial b/o, and doing so in a very negative market.

  ----- Original Message -----=20
  From: Donald Wallker=20
  To: canslim@lists.xmission.com=20
  Sent: Friday, July 26, 2002 12:32 PM
  Subject: Re: [CANSLIM] ctsh


  P.P.S.  At this writing I'm no longer  confused, and gladly so since I =
bought into  CTSH a couple of days ago despite my confusion.  I guess I =
got lucky since I'm not a master of canslim.
    ----- Original Message -----=20
    From: Donald Wallker=20
    To: canslim@lists.xmission.com=20
    Sent: Friday, July 26, 2002 11:20 AM
    Subject: Re: [CANSLIM] ctsh


    P.S.  As of this writing CTSH is up $1.75.
      ----- Original Message -----=20
      From: Donald Wallker=20
      To: canslim@lists.xmission.com=20
      Sent: Friday, July 26, 2002 11:10 AM
      Subject: [CANSLIM] ctsh


      I'm confused about CTSH.  As I write this note CTSH is up (( =
cents.  Is this also "just another handle day" Pleas help me here.

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<DIV><FONT face=3DArial>Donald, "b/o" is just my shorthand, and that of =
others,=20
for a breakout from a basing pattern, saves keystrokes.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Any base with an upwardly rising price would be =
suspect.=20
You want to see it flat to a slight downtrend, with volume drying=20
up.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>With CTSH, I see several possible cup &amp; =
handle=20
formations on a daily, one year chart. First and largest pattern is the =
period=20
from 12/26/01 to 4/1/02 (left rim to right rim of the cup). This is =
followed by=20
a fairly sharply declining price thus as a handle, it would be very =
weak.&nbsp;=20
When I first mentioned this stock in my Weekly Weeview (www), I was =
looking at=20
the more recent pattern starting 5/31/01 when it began a sharp drop on =
heavy=20
volume. It formed a very steep cup, nearly a funnel, then recovered into =
a flat=20
base starting 6/13. On 7/16, it rose well above this flat base (the b/o) =
on=20
heavy volume. Less than the ideal time period for a good basing =
formation, but=20
done in a tough market. That is where I mark the breakout, using this =
flat base=20
as the handle of a poorly formed and steep cup.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>CANSLIM teaches us to buy on a b/o from a basing =

formation, of which c&amp;h is one of the most favored and =
popular.&nbsp; This=20
b/o on 7/16 is the best b/o I see on this stock, as it was accompanied =
by major=20
volume. The trading pattern following this b/o I consider to be a =
consolidation=20
of about a 12% gain. Normally this would not be a significant gain, but =
measured=20
against what all the indexes did during this time period, it is =
significant and=20
was a gain maintained on volume, even on the down days.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>This is not a buyable base, nor did I mean to =
suggest=20
that, but rather suggests a strong stock exhibiting leadership. Thus =
this is one=20
worth watching for when "M" tells us we should be starting to put cash =
back into=20
the market. </FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>----- Original Message ----- </DIV>
<DIV style=3D"FONT: 10pt arial">
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Ddougald@dmv.com href=3D"mailto:dougald@dmv.com">Donald =
Wallker</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Friday, July 26, 2002 8:40 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] ctsh</DIV></DIV>
<DIV><FONT face=3DArial></FONT><FONT face=3DArial></FONT><FONT=20
face=3DArial></FONT><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Tom-I don't understand.&nbsp; What is a =
b/o, and,=20
&nbsp;what kind of base is exhibited by an upwardly rising share=20
value?&nbsp;&nbsp; Donald&nbsp;</FONT></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 style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
  Worley</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, July 26, 2002 =
2:41 PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
ctsh</DIV>
  <DIV><FONT face=3DArial></FONT><FONT face=3DArial></FONT><BR></DIV>
  <DIV><FONT face=3DArial>Donald, I see the past week of trading as =
building a new=20
  base (consolidation) after the earlier b/o on 7/16.&nbsp; As bases go, =
not=20
  that impressive by itself, but is impressive for holding up after a=20
  substantial b/o, and doing so in a very negative market.</FONT></DIV>
  <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
  <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
  <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
  title=3Ddougald@dmv.com href=3D"mailto:dougald@dmv.com">Donald =
Wallker</A> </DIV>
  <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV><B>Sent:</B> Friday, July 26, 2002 12:32 PM</DIV>
  <DIV><B>Subject:</B> Re: [CANSLIM] ctsh</DIV></DIV>
  <DIV><FONT face=3DArial></FONT><FONT face=3DArial></FONT><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>P.P.S.&nbsp; At this writing I'm no =
longer&nbsp;=20
  confused, and gladly so since I bought into&nbsp;&nbsp;CTSH a couple =
of days=20
  ago despite my confusion.&nbsp; I guess I got lucky since I'm not a =
master of=20
  canslim.</FONT></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 style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV=20
    style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
    <A title=3Ddougald@dmv.com href=3D"mailto:dougald@dmv.com">Donald =
Wallker</A>=20
    </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>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, July 26, 2002 =
11:20=20
    AM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
ctsh</DIV>
    <DIV><FONT face=3DArial></FONT><FONT face=3DArial></FONT><BR></DIV>
    <DIV><FONT face=3DArial size=3D2>P.S.&nbsp; As of this writing CTSH =
is up=20
    $1.75.</FONT></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 style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
      <DIV=20
      style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
      <A title=3Ddougald@dmv.com href=3D"mailto:dougald@dmv.com">Donald =
Wallker</A>=20
      </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
      title=3Dcanslim@lists.xmission.com=20
      =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
      </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, July 26, 2002 =
11:10=20
      AM</DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
ctsh</DIV>
      <DIV><FONT face=3DArial></FONT><FONT =
face=3DArial></FONT><BR></DIV>
      <DIV><FONT face=3DArial size=3D2>I'm confused about CTSH.&nbsp; As =
I write=20
      this note CTSH is up (( cents.&nbsp; Is this also "just another =
handle=20
      day" Pleas help me=20
here.</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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