Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL
Date: Sat, 15 Mar 2003 15:43:58 -0500
Previous Article (by Subject): Re: [CANSLIM] New NASD trading restrictions? "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0183_01C2EB09.B17B5C40
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
when I saw the c&h pattern on 11/2/02, I was surprised to see it was =
Marvel. Hadn't looked at it in several years. That's why when I do my =
chart review, I look only at the chart pattern first, then if I see =
something interesting do I look to see who it is, what they do, and =
examine historical earnings and sales. Helps factor out my personal =
bias.=20
In hindsight, it was a good one to watch. It did a false b/o 10/30/02 on =
excellent volume but did not break the left edge of the cup. On =
11/21/02, it made it past the left edge of the lip but without volume, =
and then slipped back by 12/11/02 on very light volume to where you =
could have been stopped out. Finally, on 1/6/03, it broke out for good, =
but volume was still only 1.5 ADV. It gave a second entry opportunity on =
2/13/03 after three straight days of above average selling volume. The =
angle of this decline was such that anyone looking for short term gains =
might have already sold during the drop. Since then, most days it has =
been up, despite the dismal markets. And most days when volume went over =
average (despite the low volume in the markets) it was also up, a =
pattern that goes back to the formation of the right side of the cup.
So while the c&h pattern looked pretty good to my eye on 11/2/02, it has =
been anything but a stellar or textbook b/o. It has given false signals, =
head fakes, and tested the resolve of any investor that bought with a =
buy & hold philosophy. Given patience, and / or a VERY loose stop loss, =
then eventually it has made money for its shareholders. The RS line has =
consistently trended up during this period as well. Fundamentally, it =
also returned to profitability in the March 2002 quarter, and has been =
growing both sales and earnings since. So the fundies, for once, led the =
technical indicators, and value shoppers might have even gotten in at =
the bottom of the cup.
- ----- Original Message -----=20
From: NANCY POLCARO=20
To: canslim=20
Sent: Saturday, March 15, 2003 3:22 PM
Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL
right -thanks-could show possible strength along with other =
indicators-maybe something to watch for other canslim qualities to =
appear ,right? Appreciate your help. nancy
----- Original Message -----
From: Tom Worley
Sent: Saturday, March 15, 2003 12:19 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL
just keep in mind that stocks moving above their moving averages, by =
itself, is not CANSLIM. When I was still a stock broker, I got the =
notion (maybe someone has even incorporated it as a system) that buying =
a stock exactly as its 50 dma crosses up thru the 200 dma was a perfect =
buying point. Tried it with a few, and tracked it with many others. =
Seemed to work for a while, but I suspect is something that is a factor =
of market conditions at the time. May still work given the right combo =
of conditions, but not something I consider reliable long term and in a =
multitude of market conditions.
----- Original Message -----=20
From: NANCY POLCARO=20
To: canslim=20
Sent: Saturday, March 15, 2003 3:10 PM
Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL
Thanks -my crossover date was wrong-looking at a 5 year chart but =
thanks for the scan-nancy
----- Original Message -----
From: Tom Worley
Sent: Saturday, March 15, 2003 12:04 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL
Hi Nancy,
I don't follow it personally, but a quick check shows I mentioned =
in as a c&h in my WWW on 11/2/02. I may have made some notes about it =
earlier. I look at hundreds of stock charts every week where I have no =
interest other than in a broader sense of what is going on in the =
markets, this is just one of those.
It showed up on a list I was reviewing of stocks with RS & EPS of 80 =
or better that were also within 5% of their 12 month high.
----- Original Message -----=20
From: NANCY POLCARO=20
To: canslim=20
Sent: Saturday, March 15, 2003 2:53 PM
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Tom-I really like MVL-I would have like to have found it in July =
when it crossed above all its moving averages. Can I ask how long you =
have been following it and how you found it?? Thanks zilla
- ------=_NextPart_000_0183_01C2EB09.B17B5C40
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 6.00.2800.1141" name=3DGENERATOR></HEAD>
<BODY=20
style=3D"BORDER-RIGHT: medium none; BORDER-TOP: medium none; FONT: 10pt =
verdana; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; =
BACKGROUND-COLOR: #ffffff"=20
bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D3>when I saw the c&h pattern on =
11/2/02, I was=20
surprised to see it was Marvel. Hadn't looked at it in several years. =
That's why=20
when I do my chart review, I look only at the chart pattern first, then =
if I see=20
something interesting do I look to see who it is, what they do, and =
examine=20
historical earnings and sales. Helps factor out my personal bias. =
</FONT></DIV>
<DIV><FONT face=3DArial size=3D3></FONT> </DIV>
<DIV><FONT face=3DArial size=3D3>In hindsight, it was a good one to =
watch. It did a=20
false b/o 10/30/02 on excellent volume but did not break the left edge =
of the=20
cup. On 11/21/02, it made it past the left edge of the lip but without=20
volume, and then slipped back by 12/11/02 on very light volume to =
where you=20
could have been stopped out. Finally, on 1/6/03, it broke out for good, =
but=20
volume was still only 1.5 ADV. It gave a second entry opportunity on =
2/13/03=20
after three straight days of above average selling volume. The angle of =
this=20
decline was such that anyone looking for short term gains might have =
already=20
sold during the drop. Since then, most days it has been up, despite the =
dismal=20
markets. And most days when volume went over average (despite the low =
volume in=20
the markets) it was also up, a pattern that goes back to the formation =
of the=20
right side of the cup.</FONT></DIV>
<DIV><FONT face=3DArial size=3D3></FONT> </DIV>
<DIV><FONT face=3DArial size=3D3>So while the c&h pattern looked =
pretty good to=20
my eye on 11/2/02, it has been anything but a stellar or textbook b/o. =
It has=20
given false signals, head fakes, and tested the resolve of any investor =
that=20
bought with a buy & hold philosophy. Given patience, and / or a VERY =
loose=20
stop loss, then eventually it has made money for its shareholders. The =
RS line=20
has consistently trended up during this period as well. Fundamentally, =
it also=20
returned to profitability in the March 2002 quarter, and has been =
growing both=20
sales and earnings since. So the fundies, for once, led the technical=20
indicators, and value shoppers might have even gotten in at the bottom =
of the=20
cup.</FONT></DIV>
<DIV><FONT face=3DArial size=3D3></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DZILLAGIRL@msn.com href=3D"mailto:ZILLAGIRL@msn.com">NANCY =
POLCARO</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim</A> </DIV>
<DIV><B>Sent:</B> Saturday, March 15, 2003 3:22 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Worley's Weekend Weeview - =
MVL</DIV></DIV>
<DIV><BR></DIV>
<DIV>right -thanks-could show possible strength along with other=20
indicators-maybe something to watch for other canslim qualities to =
appear=20
,right? Appreciate your help. nancy</DIV>
<DIV> </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 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: =
black"><B>From:</B>=20
Tom Worley</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Saturday, March 15, 2003 =
12:19=20
PM</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] Worley's =
Weekend=20
Weeview - MVL</DIV>
<DIV> </DIV>
<META content=3D"MSHTML 6.00.2800.1141" name=3DGENERATOR>
<DIV><FONT face=3DArial size=3D3>just keep in mind that stocks moving =
above their=20
moving averages, by itself, is not CANSLIM. When I was still a stock =
broker, I=20
got the notion (maybe someone has even incorporated it as a system) =
that=20
buying a stock exactly as its 50 dma crosses up thru the 200 dma was a =
perfect=20
buying point. Tried it with a few, and tracked it with many others. =
Seemed to=20
work for a while, but I suspect is something that is a factor of =
market=20
conditions at the time. May still work given the right combo of =
conditions,=20
but not something I consider reliable long term and in a multitude of =
market=20
conditions.</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DZILLAGIRL@msn.com href=3D"mailto:ZILLAGIRL@msn.com">NANCY =
POLCARO</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim</A> </DIV>
<DIV><B>Sent:</B> Saturday, March 15, 2003 3:10 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Worley's Weekend Weeview - =
MVL</DIV></DIV>
<DIV><BR></DIV>
<DIV>Thanks -my crossover date was wrong-looking at a 5 year chart but =
thanks=20
for the scan-nancy</DIV>
<DIV> </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; COLOR: =
black"><B>From:</B> Tom=20
Worley</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Saturday, March 15, =
2003 12:04=20
PM</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] =
Worley's Weekend=20
Weeview - MVL</DIV>
<DIV> </DIV>
<META content=3D"MSHTML 6.00.2800.1141" name=3DGENERATOR>
<STYLE></STYLE>
<DIV><FONT face=3DArial size=3D3>Hi Nancy,</FONT></DIV>
<DIV><FONT face=3DArial size=3D3></FONT> </DIV>
<DIV><FONT face=3DArial size=3D3>I don't follow it personally, =
but a quick=20
check shows I mentioned in as a c&h in my WWW on 11/2/02. I may =
have=20
made some notes about it earlier. I look at hundreds of stock charts =
every=20
week where I have no interest other than in a broader sense of what =
is going=20
on in the markets, this is just one of those.</FONT></DIV>
<DIV><FONT face=3DArial size=3D3></FONT> </DIV>
<DIV><FONT face=3DArial size=3D3>It showed up on a list I was =
reviewing of=20
stocks with RS & EPS of 80 or better that were also within 5% of =
their=20
12 month high.</FONT></DIV>
<DIV><FONT face=3DArial size=3D3></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> =
<A=20
title=3DZILLAGIRL@msn.com href=3D"mailto:ZILLAGIRL@msn.com">NANCY =
POLCARO</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim</A> </DIV>
<DIV><B>Sent:</B> Saturday, March 15, 2003 2:53 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Worley's Weekend =
Weeview</DIV></DIV>
<DIV><BR></DIV>
<DIV>Tom-I really like MVL-I would have like to have found it =
in July=20
when it crossed above all its moving averages. Can I ask how =
long you=20
have been following it and how you found it?? Thanks=20
zilla</DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0183_01C2EB09.B17B5C40--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Subject): Re: [CANSLIM] New NASD trading restrictions? "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]