RE: [CANSLIM] Climax Top on GRMN?


From: "Gasta, Jeff" <Jeff.Gasta@marriott.com>
Subject: RE: [CANSLIM] Climax Top on GRMN?
Date: Fri, 2 May 2003 13:20:07 -0400

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Hi Chris,

 

I'm just learning, but have been reading the chapter on selling in HTMMS
this week.  The book mentions watching out for gaps between a days opening
price and the previous day's closing.  For GRMN, I notice that it closed at
39.22 on 29 Apr.  On 30 Apr it opened at about 40.00 - the gap is visible on
the graph.  This may be a warning sign, but I look forward to hearing
comments from more experienced folks.  

 

Jeffrey Gasta

- -----Original Message-----
From: Chris Jones [mailto:SwingKid104@attbi.com] 
Sent: Friday, May 02, 2003 12:36 PM
To: CANSLIM
Subject: [CANSLIM] Climax Top on GRMN?

 

Hi

I was wondering if anyone sees a climax top occurring on GRMN.  It's risen
13% in the last four days.  It also recently had the biggest one-day price
gain since it's breakout, and it is well extended from its base.  Any
opinions?  Is now a good time to get out?

 

Thanks!

 

Chris


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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 Chris,</span></font></p>

<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>&nbsp;</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&#8217;m just learning, but have been
reading the chapter on selling in HTMMS this week.&nbsp; The book mentions watching
out for gaps between a days opening price and the previous day&#8217;s
closing.&nbsp; For GRMN, I notice that it closed at 39.22 on 29 Apr.&nbsp; On
30 Apr it opened at about 40.00 &#8211; the gap is visible on the graph.&nbsp; This
may be a warning sign, but I look forward to hearing comments from more
experienced folks.&nbsp; </span></font></p>

<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>&nbsp;</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>

</div>

<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> Chris Jones
[mailto:SwingKid104@attbi.com] <br>
<b><span style='font-weight:bold'>Sent:</span></b> Friday, May 02, 2003 12:36
PM<br>
<b><span style='font-weight:bold'>To:</span></b> CANSLIM<br>
<b><span style='font-weight:bold'>Subject:</span></b> [CANSLIM] Climax Top on
GRMN?</span></font></p>

<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>&nbsp;</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'>Hi</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'>I was wondering if anyone sees a
climax top occurring on GRMN.&nbsp; It's risen 13% in the last four days.&nbsp;
It also recently had the biggest one-day price gain since it's breakout, and it
is well extended from its base.&nbsp; Any opinions?&nbsp; Is now a good time to
get out?</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'>&nbsp;</span></font></p>

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<div>

<p class=MsoNormal style='margin-left:.5in'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Thanks!</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'>&nbsp;</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'>Chris</span></font></p>

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Next Article (by Author): RE: [CANSLIM] market bottom "Katherine Malm"
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