Go to Jeff Salisbury LWGate Home Page.From: "Gasta, Jeff" <Jeff.Gasta@marriott.com>
Subject: RE: [CANSLIM] EPIQ Noted in IBD Big Picture Today
Date: Wed, 23 Apr 2003 12:39:13 -0400
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Hi Tom,
I just realized the EPIQ was also mentioned in IBD's Tuesday NASDAQ stocks
in the news. Here their comment makes more sense.
"Epiq Systems cleared a 31-week base March 28. It quickly pulled back, but
found support at its 50-day moving average and never dropped more than 5%
below its pivot point. It confirmed its earlier breakout Monday with a
nearly 8% move on triple normal trade..."
So 28 Mar was the BO day after all.
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,
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- -----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Tuesday, April 22, 2003 11:37 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] EPIQ Noted in IBD Big Picture Today
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.
- ----- Original Message -----
From: Gasta, <mailto:Jeff.Gasta@marriott.com> Jeff
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
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
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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Hi Tom,</span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'> </span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>I just realized the EPIQ was also
mentioned in IBD’s Tuesday NASDAQ stocks in the news. Here their
comment makes more sense.</span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'> </span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>“Epiq Systems cleared a 31-week base
March 28. It quickly pulled back, but found support at its 50-day moving
average and never dropped more than 5% below its pivot point. It
confirmed its earlier breakout Monday with a nearly 8% move on triple normal
trade…”</span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'> </span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>So 28 Mar was the BO day after all. </span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'> </span></font></p>
<div>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Jeffrey Gasta</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Telecommunications </span></font><font
size=1 color=navy face=Garamond><span style='font-size:8.0pt;font-family:Garamond;
color:navy'>Engineering</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Marriott International</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Voice:
301.380.6204</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Fax: 301.380.8649</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>jeff.gasta@marriott.com</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'> </span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>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.</span></font></p>
</div>
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<p class=MsoNormal style='margin-left:.5in'><font size=2 face=Tahoma><span
style='font-size:10.0pt;font-family:Tahoma'>-----Original Message-----<br>
<b><span style='font-weight:bold'>From:</span></b> Tom Worley
[mailto:stkguru@bellsouth.net] <br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, April 22, 2003
11:37 PM<br>
<b><span style='font-weight:bold'>To:</span></b> canslim@lists.xmission.com<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [CANSLIM] EPIQ Noted
in IBD Big Picture Today</span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face=Arial><span
style='font-size:12.0pt;font-family:Arial'>Hi Jeff,</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face=Arial><span
style='font-size:12.0pt;font-family:Arial'>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.</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face=Arial><span
style='font-size:12.0pt;font-family:Arial'>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.</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face=Arial><span
style='font-size:12.0pt;font-family:Arial'>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.</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face=Arial><span
style='font-size:12.0pt;font-family:Arial'>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.</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face=Arial><span
style='font-size:12.0pt;font-family:Arial'>In any case, congrats on a quick two
buck profit, and we both can hope for it to get even better.</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>----- Original Message ----- </span></font></p>
<div style='font-color:black'>
<p class=MsoNormal style='margin-left:.5in;background:#E4E4E4'><b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> <a
href="mailto:Jeff.Gasta@marriott.com" title="Jeff.Gasta@marriott.com">Gasta,
Jeff</a> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> <a
href="mailto:canslim@lists.xmission.com" title="canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> Tuesday,
April 22, 2003 12:58 PM</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> [CANSLIM]
EPIQ Noted in IBD Big Picture Today</span></font></p>
</div>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<p class=MsoNormal style='margin-left:.5in'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>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.</span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>“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.”</span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>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</span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Jeffrey Gasta</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Telecommunications Engineering</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Marriott International</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Voice: 301.380.6204</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Fax: 301.380.8649</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>jeff.gasta@marriott.com</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>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.</span></font></p>
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