Re: [CANSLIM] GRMN

From: "Ann" <annholly@attbi.com>
Subject: Re: [CANSLIM] GRMN
Date: Wed, 4 Dec 2002 07:39:17 -0500
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Leaving in the lurch those of us who have to go to work (but can
occasionally check stocks and trade on our cell phones!)...
Thanks, Tom.



- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, December 04, 2002 12:13 AM
Subject: Re: [CANSLIM] GRMN


: 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
: :
: :
: :
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