Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] WGO
Date: Mon, 18 Nov 2002 09:11:00 -0600
Previous Article (by Subject): Re: [CANSLIM] WGO "Tom Worley"
Top of Thread: [CANSLIM] WGO "Robin Gridley"
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This is a multi-part message in MIME format. - ------=_NextPart_000_0191_01C28EE2.69B778E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Robin, I'd agree with you on the need for WGO to breakout strongly above this = resistance to show its strength. Afterall, that's the idea of a breakout = entry point, i.e., look for strong accumulation to push through the = latest price ceiling which may be holding back the stock. Fundamentally, I think WGO has a lot going for it--they've recently = announced another stock buyback program and plant expansion program and = they seem to fit nicely into Duke's "boomer theme." I think my aunt and = uncle and their friends must be personally responsible for 1/2 the = company's growth over the last several years....as they buy and trade-up = constantly. Technically, I see some yellow flags.... mainly some troubling high = volume distribution action in the handle. Hard to say how much of that = is market related and how much company/stock related, but it's notable = enough to cause some concern when I look at the chart. Either way, as = with stocks like SYMC and others that have been mentioned on the list = lately, a strong B/O and strong market action could take care of any = lingering doubt in the chart! See an annotated chart at: = http://WallStreet-LLC.com/canslim/WGO111702.JPG Katherine ----- Original Message -----=20 From: Robin Gridley=20 To: CANSLIM=20 Sent: Sunday, November 17, 2002 11:12 PM Subject: [CANSLIM] WGO I've been looking at WGO... Even though it shows a Cw/H, am I correct in being worried about the $48 support level that's been set almost three times while forming the cup ($48.05, $48.60 and the pivot @ $49) I am guessing I should look for VERY strong volume on the BO before committing in order to break through and hold above these support levels??? Thx! Robin - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0191_01C28EE2.69B778E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Robin,</DIV> <DIV> </DIV> <DIV>I'd agree with you on the need for WGO to breakout strongly above = this=20 resistance to show its strength. Afterall, that's the idea of a breakout = entry=20 point, i.e., look for strong accumulation to push through the latest = price=20 ceiling which may be holding back the stock.</DIV> <DIV> </DIV> <DIV>Fundamentally, I think WGO has a lot going for it--they've = recently=20 announced another stock buyback program and plant expansion program and = they=20 seem to fit nicely into Duke's "boomer theme." I think my aunt and uncle = and=20 their friends must be personally responsible for 1/2 the company's = growth over=20 the last several years....as they buy and trade-up constantly.</DIV> <DIV> </DIV> <DIV>Technically, I see some yellow flags.... mainly some troubling high = volume=20 distribution action in the handle. Hard to say how much of that is = market=20 related and how much company/stock related, but it's notable enough to = cause=20 some concern when I look at the chart. Either way, as with stocks like = SYMC and=20 others that have been mentioned on the list lately, a strong B/O and = strong=20 market action could take care of any lingering doubt in the chart! See = an=20 annotated chart at: <A=20 href=3D"http://WallStreet-LLC.com/canslim/WGO111702.JPG">http://WallStree= t-LLC.com/canslim/WGO111702.JPG</A></DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dgridley02@earthlink.net = href=3D"mailto:gridley02@earthlink.net">Robin=20 Gridley</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">CANSLIM</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, November 17, 2002 = 11:12=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] WGO</DIV> <DIV><BR></DIV>I've been looking at WGO...<BR><BR>Even though it shows = a Cw/H,=20 am I correct in being<BR>worried about the $48 support level that's = been=20 set<BR>almost three times while forming the cup ($48.05,<BR>$48.60 and = the=20 pivot @ $49) I am guessing I should<BR>look for VERY strong volume on = the BO=20 before<BR>committing in order to break through and hold above<BR>these = support=20 levels???<BR><BR>Thx!<BR><BR>Robin<BR><BR><BR>-<BR>-To = subscribe/unsubscribe,=20 email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0191_01C28EE2.69B778E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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