Re: [CANSLIM] Read on EDMC

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Read on EDMC
Date: Sun, 27 Apr 2003 22:01:05 -0700 (PDT)

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Tom,

Thanks for your feedback.  I appreciated it very much.

tomas

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> 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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