RE: [CANSLIM] IBD Weblink

From: "Mike Gibbons" <mike@proactech.com>
Subject: RE: [CANSLIM] IBD Weblink
Date: Fri, 11 Oct 2002 09:55:31 -1000

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In their analysis of the APPX chart, they seem to be introducing a new
requirement for a healthy handle!

It used to be that the pivot should be within 5-15% of the left side of the
cup, but here they say 5-15% of the 52 week high. This seems to imply a new
constraint that the left side of the cup should also be a 52 week high.

In fact, APPX fell 40% from its january high to a low in february before
rising 40% to set the left side of the cup on 3/13. In my view this was a
valid cup left side as it had risen more than 30% from its prior low.

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 Norman
Sent: Friday, October 11, 2002 7:38 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] IBD Weblink


So much for their analysis.  APPX is still climbing on volume, 16% off it's
52wk high.  Only time will tell.

Norm

- ----- Original Message -----
From: "Chris Dempsey" <cdempsey@houston.oilfield.slb.com>
To: <canslim@lists.xmission.com>
Sent: Friday, October 11, 2002 7:44 AM
Subject: RE: [CANSLIM] IBD Weblink


> Norm,
>
> At least for once they are calling one early, usually they call them after
> the fact. I don't have a good example handy but I believe IBD has
mentioned
> this type of pattern before as being good. It seems to me that this has a
> better chance of working since it is a recent IPO.
>
> I'm sure the check is in the mail. But don't get to excited as they will
> spend more on postage then the value of the check.
>
> Chris
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman
> Sent: Friday, October 11, 2002 7:02 AM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] IBD Weblink
>
> Today's weblink features APPX.  They describe the "false handle and
> breakout" that is currently happening with that issue.  It's a good look
at
> how the IBD folks interpret "low" handles.
>
> Now, the real question, can I expect to receive a little royality check in
> the mail for this free advertising?  Are you (lurker) listening out
there??
>
> Norm
>
>
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