Re: [CANSLIM] XRAY Case Study

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] XRAY Case Study
Date: Thu, 8 Aug 2002 19:57:37 EDT

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Jack: Hope you don't mind if I respond to your comment to Mike.
If you are looking at the PDCO chart notice how the volume has decreased 
since the price hit the low of $41.60. To me, this means the selling pressure 
was lowering as we move from the low point and start up the right side. Then, 
over the last three days volume is increasing and the price is staring to 
rise. This is promising, but does not necessarily mean the stock will go on 
to form a c/h. The C+ A/D rating reflects the sell off over the past 13 
weeks. If the upward pressure continues over the next 4 or 5 weeks, the A/D 
rating will improve.

If I may, this points out several screening lessons.
1. From XRAY, which is probably a faulty c/h, we found PDCO by checking out 
the competitors.
2. PDCO is now making the classic signs of putting in a bottom and beginning 
the climb up the right side.
3. If a screen had been set to pick up only stocks with an A/D rating of A or 
B, PDCO would have been passed over.

Charley

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<HTML><FONT FACE=arial,helvetica><FONT  SIZE=2>Jack: Hope you don't mind if I respond to your comment to Mike.
<BR>If you are looking at the PDCO chart notice how the volume has decreased since the price hit the low of $41.60. To me, this means the selling pressure was lowering as we move from the low point and start up the right side. Then, over the last three days volume is increasing and the price is staring to rise. This is promising, but does not necessarily mean the stock will go on to form a c/h. The C+ A/D rating reflects the sell off over the past <I>13 weeks. </I>If the upward pressure continues over the next 4 or 5 weeks, the A/D rating will improve.
<BR>
<BR>If I may, this points out several screening lessons.
<BR>1. From XRAY, which is probably a faulty c/h, we found PDCO by checking out the competitors.
<BR>2. PDCO is now making the classic signs of putting in a bottom and beginning the climb up the right side.
<BR>3. If a screen had been set to pick up only stocks with an A/D rating of A or B, PDCO would have been passed over.
<BR>
<BR>Charley</FONT></HTML>

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