RE: [CANSLIM] NVDA

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] NVDA
Date: Sat, 10 Aug 2002 23:47:28 -1000
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I didn't realize what a pandora's box I was opening , but I'm glad I did raise the lid on NVDA.

What I learned was:
  a.. an excellent "C" and "A" can be misleading
  b.. The technicals such as RS, up/down volume, etc were indicators that there's something rotten in the state of Denmark, despite
the fundamentals
Which would appear to confirm that everything you need to know is already in the tape.

Question: is this only true in a bear market? (I'm referring to Katherine's statement quoted by Charley), and if it's universally
true then can't the lazy one's among us (and I include myself in that category) simply cheat by swing trading patterns, not CANSLIM
fundamentals?

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 Chazmoore@aol.com
  Sent: Saturday, August 10, 2002 5:49 PM
  To: canslim@lists.xmission.com
  Subject: [CANSLIM] NVDA


  A week or so ago, (time passes so fast), Katherine made a statement to the effect that the technicals are more important than the
fundamentals in a bear market. I have now observed this to be true on numerous recent occasions, but my first impulse is to look for
fundamental excuses for a falling stock price.
  Quoting from a book I am reading, "The fundamental work answers the question what, and the technical side of the equation answers
the question when." , points out how important it is to have all the facts.
  Thanks for calling my attention to the SEC investigation. It is so discouraging to learn of these repeated accounting problems.
One of these days I will stop believing in Santa Claus.

  Charley

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<BODY>
<DIV><SPAN class=3D500042409-11082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>I=20
didn't realize what a pandora's box I was opening , but I'm glad I did =
raise the=20
lid on NVDA.</FONT></SPAN></DIV>
<DIV><SPAN class=3D500042409-11082002><FONT face=3DTahoma =
color=3D#000080=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D500042409-11082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>What=20
I learned was:</FONT></SPAN></DIV>
<UL>
  <LI><SPAN class=3D500042409-11082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>an=20
  excellent "C" and "A"&nbsp;can be&nbsp;misleading</FONT></SPAN></LI>
  <LI><SPAN class=3D500042409-11082002></SPAN><FONT face=3DTahoma =
color=3D#000080=20
  size=3D2><SPAN class=3D500042409-11082002>The technicals such as RS, =
up/down=20
  volume, etc were indicators that there's something rotten in the state =
of=20
  Denmark, despite the fundamentals</SPAN></FONT></LI></UL>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN =
class=3D500042409-11082002>Which=20
would appear to confirm that everything you need to know is already in =
the=20
tape.</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D500042409-11082002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D500042409-11082002>Question: is this only true in a bear market? =
(I'm=20
referring to Katherine's statement quoted by Charley), and if it's =
universally=20
true then can't the lazy one's among us (and I include myself in that =
category)=20
simply cheat by swing trading patterns, not CANSLIM=20
fundamentals?</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D500042409-11082002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Mike =
Gibbons</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Proactive =
Technologies,=20
LLC</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080=20
size=3D2>http://www.proactech.com</FONT></DIV>
<BLOCKQUOTE>
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  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=20
  </B>Chazmoore@aol.com<BR><B>Sent:</B> Saturday, August 10, 2002 5:49=20
  PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
[CANSLIM]=20
  NVDA<BR><BR></FONT></DIV><FONT face=3Darial,helvetica><FONT size=3D2>A =
week or so=20
  ago, (time passes so fast), Katherine made a statement to the effect =
that the=20
  technicals are more important than the fundamentals in a bear market. =
I have=20
  now observed this to be true on numerous recent occasions, but my =
first=20
  impulse is to look for fundamental excuses for a falling stock price.=20
  <BR>Quoting from a book I am reading, "The fundamental work answers =
the=20
  question <I>what,</I> and the technical side of the equation answers =
the=20
  question <I>when." </I>, points out how important it is to have all =
the facts.=20
  <BR>Thanks for calling my attention to the SEC investigation. It is so =

  discouraging to learn of these repeated accounting problems. One of =
these days=20
  I will stop believing in Santa Claus. <BR><BR>Charley</FONT>=20
</FONT></BLOCKQUOTE></BODY></HTML>

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