Re: [CANSLIM] GRMN

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] GRMN
Date: Wed, 4 Dec 2002 00:13:54 -0500

Next Article (by Author): Re: [CANSLIM] The IBD Acc/Dis numbers are becoming interesting. "Tom Worley"
Previous Article (by Author): Re: [CANSLIM] GRMN "Tom Worley"
Top of Thread: RE: [CANSLIM] GRMN "Curt Corley"
Articles sorted by: [Date] [Author] [Subject]

Ann, chart reading, spotting classic pivot points and b/o volume is much
more in vogue today than five years ago even. As a result, both retail and
institutional investors today are far more likely to try to rush thru the
same doorway based on the chart alone. I suspect Monday's volume may be a
part of that pattern. Tuesday's selloff, and volume, is more likely
indicative of those day traders who bot along with them on Monday betting on
the retail and institutional investors that would buy for a hold. When it
didn't follow thru on Tuesday, the day traders were out of it immediately.

- ----- Original Message -----
From: "Ann" <annholly@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, December 03, 2002 10:30 PM
Subject: Re: [CANSLIM] GRMN


What's odd, though, is that on Monday it was up 8.4% on volume about 8 times
the average. I figured that that meant that institutions were buying. Could
this be daytraders' work?
Ann


- ----- Original Message -----
From: "Curt Corley" <cjcorley@hiwaay.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, December 03, 2002 8:32 PM
Subject: RE: [CANSLIM] GRMN


: Mike,
:
: I like GRMN's CANSLIM fundamentals for the most part except that the EPS
: growth was negative two quarters in the last four quarters.  Sales could
: be a little better too.  But when it "pulled back" today, it *really*
: "pulled back."  It's down on a 364% volume increase. If you go to
: www.investors.com, you'll see it in the bad half of "Where The Money's
: Flowing Now."  That's a good indication that the elephants may be
: dumping this one.  That's enough to scare me away from this -- at least
: for the short-term.
:
: Curt
:
: -----Original Message-----
: From: owner-canslim@lists.xmission.com
: [mailto:owner-canslim@lists.xmission.com] On Behalf Of
: michael_niemotka@baxter.com
: Sent: Tuesday, December 03, 2002 11:56 AM
: To: canslim@lists.xmission.com
: Subject: [CANSLIM] GRMN
:
: This is a stock that I had on my watchlist. but was unable to buy into
: yesterday because of lack of capital.  I think it broke out of a cup
: with
: no handle with a PP = $24.20. I was hoping that it might pull back a bit
: and give me another chance, and it seems to be doing that today.
:
: But does the fact that it is pulling back on higher than average volume
: raise any fed flags?  It is still above the pivot.  Does the absolute
: value
: of the volume mean more that the relative volume compared to yesterday's
: breakout?
:
: Thanks
:
: Mike
:
: Mike Niemotka , PE
: Sr. Principal Engineer
: Baxter Healthcare Corporation
: Route 120 & Wilson Road
: Round Lake, IL 60073
: Tel (847) 270-4075
: Fax (847) 270-4525
: michael_niemotka@baxter.com
:
:
:
: -
: -To subscribe/unsubscribe, email "majordomo@xmission.com"
: -In the email body, write "subscribe canslim" or
: -"unsubscribe canslim".  Do not use quotes in your email.
:
:
: -
: -To subscribe/unsubscribe, email "majordomo@xmission.com"
: -In the email body, write "subscribe canslim" or
: -"unsubscribe canslim".  Do not use quotes in your email.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.