Re: [CANSLIM] Read on EDMC

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Read on EDMC
Date: Fri, 25 Apr 2003 10:31:39 -0400

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Tomas,

I see the left rim of the cup forming (a thick rim) from 9/30/02 thru
10/21/02 (and use the latter date as the "edge" of the rim for determining a
current pivot). So current action looks to me to be building the handle and
worth watching.

On the fundies, I note that year over year they look good, but make most of
their money in only two out of four quarters. One "strong qtr" is already
reported, and the other is done and should be reported soon, so I don't see
what will drive it higher for the next six months or so. I also note 36%
ownership by mutual funds already, so not much room left for them to add
more and drive it higher, more room for them to become major sellers if the
earnings fail expectations both present and future.

- ----- Original Message ----- 
From: "Tomas" <tomas986@yahoo.com>
To: "canslim canslim" <canslim@lists.xmission.com>
Sent: Wednesday, April 23, 2003 11:26 PM
Subject: [CANSLIM] Read on EDMC


Hi everyone,

What do yall think of EDMC and its price action?
Looking at the graph, would you consider a cup and
handle formation from beginning of Jan 2003 to mid
March?  (left side of cup at about 1/6, right side at
about 2/5 and BO at 3/21).  Or from mid Oct of 2002
til now is a big cup?

Depending what formation you can consider, today's big
volume could be a entry point(later formation) or the
price is extended (first formation).

Did I interpret it semi-right, or am I total off?

tomas


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