Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] EPIQ Noted in IBD Big Picture Today
Date: Tue, 22 Apr 2003 23:37:25 -0400
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Hi Jeff,
Since EPIQ is one of my known favorites, guess everyone is waiting for =
me to comment :)) I am currently on my 6th trip in about 3 years on this =
favorite, currently up just over 50% with today's close, and every trip =
so far has been profitable ranging from 20% to over 400%, so understand =
I am biased in my view.
First, IBD has a long history of killing a rally by mentioning a stock =
so today's performance surprises me now after learning they commented on =
EPIQ. Past mention on many CANSLIM quality stocks have often led to =
short term traders buying it for a quick hit figuring on CANSLIMers =
breaking it out after IBD mentions it. I hope this will be the =
exception.
Second, I disagree on your perception of volume being insufficient to =
qualify as a CANSLIM stock (but then again I am biased, having owned =
EPIQ at times when its daily average was well under 10,000 shares a =
day). It is still a small cap stock, with only 11.2 million shares in =
the float, so averaging over 100K shares a day is very good volume.
As far as the date that IBD picked, it would appear that they are using =
8/26/02 as the left rim of the cup. Given that, then 4/21 would be the =
b/o as it both moved over that high point as well as having volume. =
Personally, the steady decline down from 4/21 to the price spike of =
10/22 would have me count 10/22 as the left cup, making your entry =
correct for a breakout.
In any case, congrats on a quick two buck profit, and we both can hope =
for it to get even better.
=20
- ----- Original Message -----=20
From: Gasta, Jeff=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, April 22, 2003 12:58 PM
Subject: [CANSLIM] EPIQ Noted in IBD Big Picture Today
Hello all. I bought EPIQ on 28 Mar 03. That day it broke out of a base =
with a big spike in price on high volume. After that, the break out =
stalled, however I did not see a clear sell signal, so I held the stock. =
Yesterday it spiked up again and today is looking good also. IBD =
mentioned the stock in today's Big Picture column. I'm puzzled by their =
comment and hope to get some feedback on IBD's "take" on the chart =
pattern.
"Epiq Systems, No. 39 on this week's Investor's Business Daily 100, =
broke out of an eight-month base. The bankruptcy software stock jumped =
1.57 to 21.56 in triple its normal trade."
First of all, I thought EPIQ isn't a CANSLIM stock because the ADV is =
less than WON recommends. Not that I'm complaining about IBD's coverage =
- - it can only help improve the price. Second, I wonder way IBD picked =
21 Apr as the BO day versus 28 Mar. Thanks, jg
Jeffrey Gasta
Telecommunications Engineering
Marriott International
Voice: 301.380.6204
Fax: 301.380.8649
jeff.gasta@marriott.com
This communication contains information from Marriott International, =
Inc. that may be confidential. Except for personal use by the intended =
recipient, or as expressly authorized by the sender, any person who =
receives this information is prohibited from disclosing, copying, =
distributing, and/or using it. If you have received this communication =
in error, please immediately delete it and all copies, and promptly =
notify the sender. Nothing in this communication is intended to operate =
as an electronic signature under applicable law.
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<DIV><FONT face=3DArial>Hi Jeff,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Since EPIQ is one of my known favorites, guess =
everyone is=20
waiting for me to comment :)) I am currently on my 6th trip in about 3=20
years on this favorite, currently up just over 50% with today's =
close, and=20
every trip so far has been profitable ranging from 20% to over 400%, so=20
understand I am biased in my view.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>First, IBD has a long history of killing a rally =
by=20
mentioning a stock so today's performance surprises me now after =
learning they=20
commented on EPIQ. Past mention on many CANSLIM quality stocks have =
often led to=20
short term traders buying it for a quick hit figuring on CANSLIMers =
breaking it=20
out after IBD mentions it. I hope this will be the =
exception.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Second, I disagree on your perception of volume =
being=20
insufficient to qualify as a CANSLIM stock (but then again I am biased, =
having=20
owned EPIQ at times when its daily average was well under 10,000 shares =
a day).=20
It is still a small cap stock, with only 11.2 million shares in the =
float, so=20
averaging over 100K shares a day is very good volume.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>As far as the date that IBD picked, it would =
appear that=20
they are using 8/26/02 as the left rim of the cup. Given that, then 4/21 =
would=20
be the b/o as it both moved over that high point as well as having =
volume. =20
Personally, the steady decline down from 4/21 to the price spike of =
10/22 would=20
have me count 10/22 as the left cup, making your entry correct for =
a=20
breakout.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>In any case, congrats on a quick two buck =
profit, and we=20
both can hope for it to get even better.</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=3DJeff.Gasta@marriott.com =
href=3D"mailto:Jeff.Gasta@marriott.com">Gasta,=20
Jeff</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Tuesday, April 22, 2003 12:58 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] EPIQ Noted in IBD Big Picture =
Today</DIV></DIV>
<DIV><FONT face=3DArial></FONT><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Hello all. I bought =
EPIQ on 28=20
Mar 03. That day it broke out of a base with a big spike in price =
on high=20
volume. After that, the break out stalled, however I did not see a =
clear=20
sell signal, so I held the stock. Yesterday it spiked up again and =
today=20
is looking good also. IBD mentioned the stock in today=92s Big =
Picture=20
column. I=92m puzzled by their comment and hope to get some =
feedback on=20
IBD=92s =93take=94 on the chart pattern.</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">=93Epiq Systems, No. 39 on =
this week=92s=20
Investor=92s Business Daily 100, broke out of an eight-month base. =
The=20
bankruptcy software stock jumped 1.57 to 21.56 in triple its normal=20
trade.=94</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">First of all, I thought =
EPIQ isn=92t a=20
CANSLIM stock because the ADV is less than WON recommends. Not =
that I=92m=20
complaining about IBD=92s coverage =96 it can only help improve the =
price. =20
Second, I wonder way IBD picked 21 Apr as the BO day versus 28 =
Mar. =20
Thanks, jg</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"></SPAN></FONT> </P>
<P class=3DMsoAutoSig><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: Garamond">Jeffrey =
Gasta</SPAN></FONT></P>
<P class=3DMsoAutoSig><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: Garamond">Telecommunications=20
</SPAN></FONT><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: =
Garamond">Engineering</SPAN></FONT></P>
<P class=3DMsoAutoSig><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: Garamond">Marriott=20
International</SPAN></FONT></P>
<P class=3DMsoAutoSig><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: Garamond">Voice: =20
301.380.6204</SPAN></FONT></P>
<P class=3DMsoAutoSig><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: Garamond">Fax: =20
301.380.8649</SPAN></FONT></P>
<P class=3DMsoAutoSig><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: =
Garamond">jeff.gasta@marriott.com</SPAN></FONT></P>
<P class=3DMsoAutoSig><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: Garamond"></SPAN></FONT> </P>
<P class=3DMsoAutoSig><FONT face=3DGaramond size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; FONT-FAMILY: Garamond">This communication =
contains=20
information from Marriott International, Inc. that may be confidential. =
Except=20
for personal use by the intended recipient, or as expressly authorized =
by the=20
sender, any person who receives this information is prohibited from =
disclosing,=20
copying, distributing, and/or using it. If you have received this =
communication=20
in error, please immediately delete it and all copies, and promptly =
notify the=20
sender. Nothing in this communication is intended to operate as an =
electronic=20
signature under applicable law.</SPAN></FONT></P>
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