Re: [CANSLIM] GAN - strange chart pattern

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] GAN - strange chart pattern
Date: Fri, 6 Sep 2002 14:18:45 -0500

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Hi David,

Here are some examples of the chart pattern when a stock is to be acquired
for cash:

http://WallStreet-LLC.com/canslim/PZL090602.jpg
http://WallStreet-LLC.com/canslim/GAN090602.jpg
http://WallStreet-LLC.com/canslim/USLB090602.jpg
http://WallStreet-LLC.com/canslim/MDBK090602.jpg

Katherine

- ----- Original Message -----
From: "Lin Wells" <linwells1@charter.net>
To: <canslim@lists.xmission.com>
Sent: Friday, September 06, 2002 1:26 PM
Subject: RE: [CANSLIM] GAN - strange chart pattern


|
| Berkshire Hathaway has signed a deal to purchase it for $60 a share
|
| Lin
|
| -----Original Message-----
| From: owner-canslim@lists.xmission.com
| [mailto:owner-canslim@lists.xmission.com] On Behalf Of david rossing
| Sent: Friday, September 06, 2002 1:21 PM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM] GAN - strange chart pattern
|
| I'm curious about thoughts on the chart for GAN.  It had a decent rise,
| then what looked to be forming a cup.  On the right side, about halfway
| up, there's a rise on really high volume, then it turns into a 9 week
| flat base with a range of about 0.5 (<1% of the price).  Is this a
| chart that shows a stock to avoid, or wait and see?  Also, I'm
| wondering what the explanation of buying and selling is that would form
| a chart like this?  (Similar to the explanation someone gave about why
| a normal c/h forms)  Thanks.
|
| Dave Rossing
|
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