Go to Jeff Salisbury LWGate Home Page.From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: RE: [CANSLIM] MOVI
Date: Tue, 22 Oct 2002 15:01:55 -0500
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I love being under the suspect eye of peers. Any other comments like
Jans are greatly appreciated:
We purchased a 1/2 position this morning and have this under a tight
leash.
First, the 50 DMA has a positive slope, okay, even if below the 200 DMA.
We bought it first thing this morning; its 30 minute run rate was at the
time, above its 607M daily average. The relative strength, while not
perfect, is above our minimum for purchases. Mutual fund sponsorship
has increased every quarter over a year. U/D ratio is above 1, 2.2
actually.
But, with all this said, the reason for half a position is such:
* Earnings next week
* Volatile movement, check out May 10's range (if position turns
profitable, >10%, we may add on pullback)
* Looking to cut loss earlier than 8%, there is definite risk in
this position.
* Interesting article on the street.com regarding an amass of
short-sellers that currently question the quality of earnings.
The philosophy behind this is such: ? position, 5%loss (hopeful if
things don't work out), less than a 0.3% loss plus slippage.
Ed Gjertsen II
ed@macktracks.com
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com
Sent: Tuesday, October 22, 2002 1:53 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] MOVI
Ed:
I don't own MOVI, so wasn't going to reply until I saw this E-mail.
I
imagine you bought today on what you perceived as a BO. However, the
volume
is not that good, so if you did buy it today, why did you buy it? And
if you
bought it before, when did you buy it, and why?
The 50 DMA is below the 200, and the RS-line indicates current
weakness
not strength.
Since, I believe you are the person who has a money-mgt. fund, I'd
be
interested to know what you saw; when you saw it; and why you bought
it?
jans
In a message dated 10/22/2002 11:59:21 AM Eastern Daylight Time,
ed@macktracks.com writes:
<< If no one took it, any thoughts on MOVI?
Ed Gjertsen II
>>
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<div class=3DSection1>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>I love being under the suspect eye of =
peers. Any
other comments like Jans are greatly appreciated:</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>We purchased a 1/2 position this morning and =
have this
under a tight leash.</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>First, the 50 DMA has a positive slope, okay, =
even if
below the 200 DMA. We bought it first thing this morning; its 30 =
minute
run rate was at the time, above its 607M daily average. The =
relative strength,
while not perfect, is above our minimum for purchases. Mutual fund
sponsorship has increased every quarter over a year. U/D ratio is above =
1, 2.2
actually. </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>But, with all this said, the reason for half =
a
position is such:</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText =
style=3D'margin-left:.2in;text-indent:-.2in'><font size=3D1
face=3DWingdings><span =
style=3D'font-size:8.0pt;font-family:Wingdings'>Ø<font
size=3D1 face=3D"Times New Roman"><span style=3D'font:7.0pt "Times New =
Roman"'>
</span></font></span></font>Earnings next week</p>
<p class=3DMsoPlainText =
style=3D'margin-left:.2in;text-indent:-.2in'><font size=3D1
face=3DWingdings><span =
style=3D'font-size:8.0pt;font-family:Wingdings'>Ø<font
size=3D1 face=3D"Times New Roman"><span style=3D'font:7.0pt "Times New =
Roman"'>
</span></font></span></font>Volatile movement, check out May 10's range =
(if
position turns profitable, >10%, we may add on pullback)</p>
<p class=3DMsoPlainText =
style=3D'margin-left:.2in;text-indent:-.2in'><font size=3D1
face=3DWingdings><span =
style=3D'font-size:8.0pt;font-family:Wingdings'>Ø<font
size=3D1 face=3D"Times New Roman"><span style=3D'font:7.0pt "Times New =
Roman"'>
</span></font></span></font>Looking to cut loss earlier than 8%, there =
is
definite risk in this position.</p>
<p class=3DMsoPlainText =
style=3D'margin-left:.2in;text-indent:-.2in'><font size=3D1
face=3DWingdings><span =
style=3D'font-size:8.0pt;font-family:Wingdings'>Ø<font
size=3D1 face=3D"Times New Roman"><span style=3D'font:7.0pt "Times New =
Roman"'>
</span></font></span></font>Interesting article on the street.com =
regarding an
amass of short-sellers that currently question the quality of =
earnings.</p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>The philosophy behind this is such: =
½ position,
5%loss (hopeful if things don’t work out), less than a 0.3% loss =
plus
slippage.</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>Ed Gjertsen II</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'><a =
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</a></span></font></p>=
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>-----Original Message-----<br>
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]
On Behalf Of Spencer48@aol.com<br>
Sent: </span></font>Tuesday, October 22, 2002 1:53 PM<br>
To: canslim@lists.xmission.com<br>
Subject: Re: [CANSLIM] MOVI</p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>Ed: </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> I don't own MOVI, so =
wasn't
going to reply until I saw this E-mail. I </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>imagine you bought today on what you =
perceived as a
BO. However, the volume </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>is not that good, so if you did buy it today, =
why did
you buy it? And if you </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>bought it before, when did you buy it, and =
why? </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> The 50 DMA is below =
the 200,
and the RS-line indicates current weakness </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>not strength.</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> Since, I believe you =
are the
person who has a money-mgt. fund, I'd be </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>interested to know what you saw; when =
you saw
it; and why you bought it?</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>jans</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>In a message dated 10/22/2002 11:59:21 AM =
Eastern
Daylight Time, </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>ed@macktracks.com writes:</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'><< If no one took it, any thoughts on =
MOVI?</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> Ed Gjertsen II</span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> >></span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoPlainText><font size=3D2 face=3D"Times New Roman"><span
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