Go to Jeff Salisbury LWGate Home Page.From: "Ann" <annholly@attbi.com>
Subject: Re: [CANSLIM] JCOM
Date: Wed, 31 Jul 2002 12:56:47 -0400
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Thanks. That helps.
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 31, 2002 12:32 PM
Subject: Re: [CANSLIM] JCOM
Ann,
A base on base is simply a basing formation, a breakout, then a period =
of less than 20-25% appreciation before another consolidation occurs. =
That means that there can be as little as 0% or as much as approx. =
20-25% between the consolidations to be considered "base on base." BTW, =
in the overall base count, these are considered as one.
Katherine
----- Original Message -----=20
From: Ann=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 31, 2002 11:24 AM
Subject: Re: [CANSLIM] JCOM
Donald,
I guess it's not an ascending base, if IBD says it's not! I'm glad =
you clarified.
As Katherine recently wrote, the ascending base is 3 consecutive =
pullbacks, each with higher highs and higher lows. I had thought that a =
base-on-base needed a week or two between the 2 bases to qualify, but I =
gather that was wrong.
But, hey, I'm still learning too!!
Good luck with your trade.
Ann
----- Original Message -----=20
From: Donald Wallker=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 31, 2002 12:09 PM
Subject: Re: [CANSLIM] JCOM
Ann -- The breakout from the double base, per the aforementioned =
IBD article, occurred on Friday, when he Shares closed at $18.28. I =
don't believe you would refer to the second base as an "ascending base" =
but I would prefer to hear an answer from someone else in this group, =
because I don't perceive myself to be that well versed in CANSLIM =
analysis. For whateveer it is worth I may have made a mistake in =
perceiving the second breakout to be at $18.28, but, mistake or not, I =
thought I was lucky to have the chance to buy in in today at $19.10 =
considering the post breakout action of the stock, the IBD ratings and =
JCOM's upbeat guidance concerning future earnings. However, please note =
that this is not a recommendation to you or to anyone else to buy the =
stock.. I have mentioned other stocks in this Forum and gotten feedback =
that is so negative that one of the members of the group checked out the =
stock to determine if should be shorted rether than bought =
into....Donald .=20
Original Message -----=20
From: Ann=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 31, 2002 11:04 AM
Subject: [CANSLIM] JCOM
Is that an ascending base? If so, it is way extended beyond the =
pivot of 17.55, I think.
Ann
----- Original Message -----=20
From: Donald Wallker=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 31, 2002 10:59 AM
Subject: Re: [CANSLIM] DCOM - B/O rules
Ann -- If you would like to look at another stock to check =
out, try JCOM. Its overall rating is 98 A plus, its 1st in all rankings =
of 35 stocks in its group., its ratings are 81,99,A plus, C and A minus. =
I wonder if it might be considered a good buy today, since "M" is =
driving it down after a couple of great days from the breakout. - =
Donald
----- Original Message -----=20
From: Ann=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 31, 2002 8:50 AM
Subject: Re: [CANSLIM] DCOM - B/O rules
I have written down (though I don't know where I got it) =
that WON says that in this M, we can accept handles which go as low as =
20-30%--also, that we shouldn't chase a stock more than 2-3% above =
pivot.
Ann
----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 31, 2002 12:37 AM
Subject: RE: [CANSLIM] DCOM - B/O rules
I see it more as a cup-with-handle (but when the only tool =
you have is a hammer, everything looks like a nail!) because the two =
dips were not of equal depth, but I'm not sure what the tolerance limits =
are.
However, as a CwH it formed a pivot at $25.90 on 7/10. It =
then went on to dip to a low of $20.20 in the handle, which was a 22% =
drop. WON says that a stock should only correct by at most 15% in the =
handle (although there are inconsistent statements on this) so it didn't =
qualify as a CwH either (but then virtually nothing has in the last =
couple of weeks). Nevertheless, todays breakout was very strong and =
could be buyable up to $27.12 (5% above pivot).
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Tuesday, July 30, 2002 2:46 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] DCOM - B/O rules
Hi Victor,
I'll leave the specific analysis of the DCOM chart to =
somebody else, but in the meantime, here's something to get you started:
Question=20
Can a double-bottom base have a handle, or is it =
just the start of another base?=20
=20
Answer=20
In a double-bottom base, the pivot (buy) point =
typically occurs when the stock clears the peak in the middle of the =
W-shaped pattern. Sometimes, double bottoms will form handles before =
they reach this point. In those situations, the pivot point is when the =
stock clears the highest price point in the handle area. The handle =
should drift downward slightly and usually form over a period of one to =
seven weeks.
Course 1 in the IBD Learning Center on our Web =
site has a lesson on chart reading. To get there directly, go to this =
link - http://www.investors.com/learn/B09.asp=20
Also, go to our Investor's Corner archive entitled =
"What Can Technical Indicators Tell Me?" to view past articles on this =
topic - http://www.investors.com/learn/IC.asp#tech=20
Our "Ask Bill O'Neil" archive offers a compilation =
of Q&A's on the subject of chart reading at this link - =
http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5
--Katherine=20
----- Original Message -----=20
From: vchang@win-invest.com=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 30, 2002 7:18 PM
Subject: [CANSLIM] DCOM - B/O rules
MessageOn Wedsday's edition (today) IBD listed DCOM as =
b/o from a double
bottom. On Tuesday IBD weblink said " ... Dime hit =
25.94 Monday, just
missing a breakout..." .
As a newbie trying to learn more about charts and =
breakouts, this seems like
a great example to check my understanding.
If I am getting it right, the reason why DCOM is =
deemed to have b/o is
because of the following two easons:
a) It closed at 26.90 having achieved an high of 27.0, =
and that is above the
previous high of 26.80 back in May 17, 2002.
b) The new high was achieved at a volume 1,056,800 =
which is 378% up from the
day before and four times the average daily volume of =
221,100
What is the exact rule for a breakout mathematically? =
(Lets say that I were
to program it in say Metastock?)
Base on this case I can see two rules at least (in =
pseudo-code):
IF today's high is greater than the previous high (is =
this the all time high
or just the rolling 52 week high?)
AND
IF today's volume is greater than N times the normal =
volume (is this some
sort of moving average of the daily volume, or just =
yeaterday's volume)
THEN yippe it is a B/O
Is there any "fuzziness" to the above rules?
BTW, the fundamentals on DCOM also look great, =
ignoring M for a moment, is
this a valid CANSLIM candidate stock?
Rgds
Victor Chang
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<DIV><FONT size=3D2>Thanks. That helps.</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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> Wednesday, July 31, 2002 =
12:32=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
JCOM</DIV>
<DIV><BR></DIV>
<DIV>Ann,</DIV>
<DIV> </DIV>
<DIV>A base on base is simply a basing formation, a breakout, then a =
period of=20
less than 20-25% appreciation before another consolidation occurs. =
That means=20
that there can be as little as 0% or as much as approx. 20-25% between =
the=20
consolidations to be considered "base on base." BTW, in the overall =
base=20
count, these are considered as one.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dannholly@attbi.com =
href=3D"mailto:annholly@attbi.com">Ann</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 31, =
2002 11:24=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
JCOM</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Donald,</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>I guess it's not an ascending base, if IBD says =
it's not!=20
I'm glad you clarified.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>As Katherine recently wrote, the ascending base =
is 3=20
consecutive pullbacks, each with higher highs and higher lows. I had =
thought=20
that a base-on-base needed a week or two between the 2 bases to =
qualify, but=20
I gather that was wrong.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>But, hey, I'm still learning too!!</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Good luck with your trade.</FONT></DIV>
<DIV><FONT size=3D2>Ann</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> Wednesday, July 31, =
2002 12:09=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
JCOM</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Ann -- The breakout =
from the=20
double base, per the aforementioned IBD article, occurred on =
Friday, when=20
he Shares closed at $18.28. I don't believe you would refer =
to the=20
second base as an "ascending base" but I would prefer to hear an =
answer=20
from someone else in this group, because I don't =
perceive=20
myself to be that well versed in CANSLIM analysis. For =
whateveer it=20
is worth I may have made a mistake in perceiving the second =
breakout to be=20
at $18.28, but, mistake or not, I thought I was lucky to have =
the=20
chance to buy in in today at $19.10 considering the <FONT=20
face=3D"Times New Roman" size=3D3>post breakout action of the =
stock, the IBD=20
ratings and JCOM's upbeat guidance concerning future =
earnings.=20
However, p</FONT></FONT>lease note that this is not a =
recommendation to=20
you or to anyone else to buy the stock.. I have mentioned =
other=20
stocks in this Forum and gotten feedback that is so negative that =
one of=20
the members of the group checked out the stock to determine if =
should be=20
shorted rether than bought into....Donald . </DIV>
<DIV> </DIV>
<DIV>Original Message ----- </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=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dannholly@attbi.com =
href=3D"mailto:annholly@attbi.com">Ann</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> Wednesday, July 31, =
2002=20
11:04 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
JCOM</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Is that an ascending base? If so, it is way =
extended=20
beyond the pivot of 17.55, I think.</FONT></DIV>
<DIV><FONT size=3D2>Ann</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=20
Wallker</A> </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> Wednesday, July =
31, 2002=20
10:59 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
DCOM - B/O=20
rules</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Ann -- If you would like to =
look at=20
another stock to check out, try JCOM. Its overall rating =
is 98 A=20
plus, its 1st in all rankings of 35 stocks in its group., its =
ratings=20
are 81,99,A plus, C and A minus. I wonder if it might be =
considered a good buy today, since "M" is driving it down =
after a=20
couple of great days from the breakout. - =
Donald</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=3Dannholly@attbi.com =
href=3D"mailto:annholly@attbi.com">Ann</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> Wednesday, July =
31, 2002=20
8:50 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: =
[CANSLIM] DCOM -=20
B/O rules</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>I have written down (though I don't know =
where I=20
got it) that WON says that in this M, we can accept handles =
which go=20
as low as 20-30%--also, that we shouldn't chase a stock more =
than=20
2-3% above pivot.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Ann</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=3Dmikegibbons@proactech.com=20
href=3D"mailto:mikegibbons@proactech.com">Mike Gibbons</A> =
</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> Wednesday, =
July 31,=20
2002 12:37 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: =
[CANSLIM] DCOM -=20
B/O rules</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D630372004-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>I see it more as a cup-with-handle (but when the =
only tool=20
you have is a hammer, everything looks like a nail!) =
because the=20
two dips were not of equal depth, but I'm not sure what =
the=20
tolerance limits are.</FONT></SPAN></DIV>
<DIV><SPAN class=3D630372004-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D630372004-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>However, as a CwH it formed a pivot at $25.90 on =
7/10. It=20
then went on to dip to a low of $20.20 in the handle, =
which was a=20
22% drop. WON says that a stock should only correct by at =
most 15%=20
in the handle (although there are inconsistent statements =
on this)=20
so it didn't qualify as a CwH either (but then virtually =
nothing=20
has in the last couple of weeks). Nevertheless, todays =
breakout=20
was very strong and could be buyable up to $27.12 (5% =
above=20
pivot).</FONT></SPAN></DIV>
<DIV><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Mike Gibbons<BR>Proactive =
Technologies, LLC</FONT></DIV>
<DIV><FONT face=3DArial size=3D2><A=20
=
href=3D"http://www.proactech.com/">http://www.proactech.com</A></FONT></D=
IV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original =
Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of =
</B>Katherine Malm<BR><B>Sent:</B> Tuesday, July 30, =
2002 2:46=20
PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B>=20
Re: [CANSLIM] DCOM - B/O rules<BR><BR></FONT></DIV>
<DIV>Hi Victor,</DIV>
<DIV> </DIV>
<DIV>I'll leave the specific analysis of the DCOM chart =
to=20
somebody else, but in the meantime, here's something to =
get you=20
started:</DIV>
<DIV> </DIV>
<DIV>
<TABLE cellSpacing=3D0 width=3D"100%" border=3D0>
<TBODY>
<TR>
<TD class=3Dsubtitle>Question</TD></TR>
<TR>
<TD class=3Dtextcell> </TD>
<TD class=3Dtextcell>Can a double-bottom base have a =
handle,=20
or is it just the start of another base?</TD></TR>
<TR>
<TD><IMG height=3D6 alt=3D""=20
=
src=3D"http://investdaily.custhelp.com/rnt/rnw/img/trnsp.gif"=20
width=3D1></TD></TR>
<TR>
<TD class=3Dsubtitle> </TD>
<TD class=3Dsubtitle>Answer</TD></TR>
<TR>
<TD class=3Dtextcell> </TD>
<TD class=3Dtextcell>
<DIV>In a double-bottom base, <STRONG><FONT=20
color=3D#0000ff>the pivot (buy) point typically =
occurs when=20
the stock clears the peak in the middle of the =
W-shaped=20
pattern.</FONT></STRONG> Sometimes, double bottoms =
will=20
form handles before they reach this point. In =
those=20
situations, the pivot point is when the stock =
clears the=20
highest price point in the handle area. The handle =
should=20
drift downward slightly and usually form over a =
period of=20
one to seven weeks.<BR><BR>Course 1 in the IBD =
Learning=20
Center on our Web site has a lesson on chart =
reading. To=20
get there directly, go to this link - <A=20
=
href=3D"http://www.investors.com/learn/B09.asp"><FONT=20
face=3DVerdana=20
=
color=3D#336699>http://www.investors.com/learn/B09.asp</FONT></A>=20
<BR><BR>Also, go to our Investor's Corner archive =
entitled=20
=93What Can Technical Indicators Tell Me?=94 to =
view past=20
articles on this topic - <A=20
=
href=3D"http://www.investors.com/learn/IC.asp#tech"><FONT=20
face=3DVerdana=20
=
color=3D#336699>http://www.investors.com/learn/IC.asp#tech</FONT></A>=20
<BR><BR>Our =93Ask Bill O=92Neil=94 archive offers =
a compilation=20
of Q&A=92s on the subject of chart reading at =
this link=20
- <A=20
=
href=3D"http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5">=
<FONT=20
face=3DVerdana=20
=
color=3D#336699>http://www.investors.com/askBill/Search_ByTopic.asp?Topic=
ID=3D5</FONT></A></DIV>
<DIV> </DIV>
=
<DIV>--Katherine</DIV></TD></TR></TBODY></TABLE></DIV>
<BLOCKQUOTE=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 =
- -----=20
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; =
font-color: black"><B>From:</B>=20
<A title=3Dvchang@win-invest.com=20
=
href=3D"mailto:vchang@win-invest.com">vchang@win-invest.com</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> Tuesday, =
July 30,=20
2002 7:18 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> =
[CANSLIM] DCOM -=20
B/O rules</DIV>
<DIV><BR></DIV>MessageOn Wedsday's edition (today) IBD =
listed=20
DCOM as b/o from a double<BR>bottom. On Tuesday =
IBD=20
weblink said " ... Dime hit 25.94 Monday, =
just<BR>missing a=20
breakout..." .<BR><BR>As a newbie trying to learn more =
about=20
charts and breakouts, this seems like<BR>a great =
example to=20
check my understanding.<BR><BR>If I am getting it =
right, the=20
reason why DCOM is deemed to have b/o is<BR>because of =
the=20
following two easons:<BR><BR>a) It closed at 26.90 =
having=20
achieved an high of 27.0, and that is above =
the<BR>previous=20
high of 26.80 back in May 17, 2002.<BR><BR>b) The new =
high was=20
achieved at a volume 1,056,800 which is 378% up from=20
the<BR>day before and four times the average daily =
volume of=20
221,100<BR><BR>What is the exact rule for a breakout=20
mathematically? (Lets say that I were<BR>to program it =
in say=20
Metastock?)<BR><BR>Base on this case I can see two =
rules at=20
least (in pseudo-code):<BR><BR>IF today's high is =
greater than=20
the previous high (is this the all time high<BR>or =
just the=20
rolling 52 week high?)<BR>AND<BR>IF today's volume is =
greater=20
than N times the normal volume (is this some<BR>sort =
of moving=20
average of the daily volume, or just yeaterday's=20
volume)<BR>THEN yippe it is a B/O<BR><BR>Is =
there any=20
"fuzziness" to the above rules?<BR><BR>BTW, the =
fundamentals=20
on DCOM also look great, ignoring M for a moment, =
is<BR>this a=20
valid CANSLIM candidate =
stock?<BR><BR>Rgds<BR><BR>Victor=20
=
Chang<BR><BR><BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BL=
OCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTM=
L>
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