Re: [CANSLIM] Blud

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Blud
Date: Sat, 19 Oct 2002 18:28:54 -0400
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so far I think everyone is correct. The premise with a LLUR is that "a stock
in motion continues in motion", in other words that it will continue,
theoretically forever, its upward trend. Thus your buy point really should
reflect what you are doing. If you are essentially trying to day trade it,
or for very short term, and take a 10-20% profit, then you need to buy it as
close as possible to its lower trend line, and only when it is moving up
from that trend line.

If, on the other hand, you are buying it for a year or more, you can just
close your eyes and buy it at market, and not think about it. If you had
bought it, for example, almost a year ago after it reported turning
profitable, you might have paid $7 after it had already doubled for that
week. Yet today you would have a 170% profit. To do this you have to be
willing to initially be losing money in case it dips back down after you buy
it. The longer your investment objective, and the greater your profit goal,
the less important that perfect entry becomes.

One of the key elements for a LLUR pattern, and which has periodically made
me hesitate to consider BLUD a valid pattern, is a lack of volatility,
especially when volatility takes it measurably under its trend line. BLUD
has been very volatile lately.

I also have reservations about BLUD's latest earnings, which showed a
sequential quarterly decline on both sales and earnings, also breaking this
pattern on fundamentals.

- ----- Original Message -----
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Saturday, October 19, 2002 5:02 PM
Subject: Re: [CANSLIM] Blud


I think for an LLUR it isn't always the 50dma trend that the stock is
tracking.  Sometimes they trace a dma above the 50 and sometimes lower.  And
when they are tracking the 50dma, they don't always penetrate it, some just
come close.  Plus, before I buy a dip on an LLUR I check out the news and
due date (in addition to any DD).  If the dip is a week or 2 before the
earnings due date I stay away; someone know more than I do.  If there is
news at the time of the dip, that also scares me.  Low volume on the dip is
a big plus; means the big boys and girls are hanging on.  And like Mike
said, having the RS and U/D ration on your side is also good.

Looking at BLUD, it doesn't always penetrate the 50dma on a dip.  Of course
a penetration does potentially represent the optimum buy point, but you may
have to wait quite a while to get in if you wait for a 50dma penetration.
Looks like the 50dma line would represent a good buy point for this one if
you were so inclined.  But it has already moved a long ways this year...

My $0.02.

Norm

- ----- Original Message -----
From: "Mike Gibbons" <mike@proactech.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, October 19, 2002 3:40 PM
Subject: RE: [CANSLIM] Blud


I'm no expert, but I'll dip my toe in the water here, (Katherine told us
she's got her swimsuit on, so I know she'll dive in and
rescue me if I get out of my depth). My guess is that the time to buy is
when the stock crosses its 50 dma moving in an upwards
direction. That means first waiting for a correction that takes it below the
50 dma and then watching for when it moves back up. And
also make sure that the RS line and up/down volume are in the green area on
Katherine's charts.

Judging from the volume since the beginning of October, I'd say this stock
is already very much "in play".

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 Lin Wells
  Sent: Saturday, October 19, 2002 10:03 AM
  To: canslim@lists.xmission.com
  Subject: [CANSLIM] Blud


  Immucor was featured in Monday's New America (which I assume makes it a
CANSLIM candidate) with what appears to me to be an
exceptional business model and economic outlook.  The write-up was so
glowing it almost guarantees to put it in play Monday morning.
The chart is always a LLUR with infrequent corrections that can't really
qualify as CwH.  Assuming that you think the M has turned
and will run at least until the invasion or Brazil defaults, etc.  How does
one buy a stock like this?  How does WON buy a stock
like this?



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