RE: [CANSLIM] GAN - strange chart pattern

From: "Lin Wells" <linwells1@charter.net>
Subject: RE: [CANSLIM] GAN - strange chart pattern
Date: Fri, 6 Sep 2002 13:26:42 -0500

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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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