Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Climax Top on GRMN?
Date: Sat, 3 May 2003 12:44:29 -0500
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Hi Jeff and Chris,
I see GRMN as having broken out of an ascending base last week, not a climax
run. That's a very common occurrence for very strong stock at the beginning of
new up-legs in a market. See my annotated chart at:
http://www.cwhcharts.com/katherine/GRMN050203.JPG
GRMN has a lot going for it. We score it with 6.7 out of 11 possible technical
points and 9.4 out of a possible 11 fundamental points.
You can see the detail from the CANSLIM Evaluator we've made available to the
list members:
http://www.cwhcharts.com/katherine/GRMN-CE050203.JPG
GRMN ranks 11th in the industry for RSRank/% off 52 wk high:
http://www.cwhcharts.com/katherine/GRMNIndusComp050203.JPG
GRMN's industry itself has been rising steadily through the ranks. The
underlying core technical condition of the industry components has been rising
steadily.
http://www.cwhcharts.com/katherine/GRMNIndusRank050203.JPG
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gasta, Jeff
Sent: Friday, May 02, 2003 11:20 AM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Climax Top on GRMN?
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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<DIV><SPAN class=3D136311817-03052003>Hi Jeff and Chris,</SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003>I see GRMN as having broken out of =
an=20
ascending base last week, not a climax run. That's a very common =
occurrence for=20
very strong stock at the beginning of new up-legs in a market. See my =
annotated=20
chart at:</SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003><A=20
href=3D"http://www.cwhcharts.com/katherine/GRMN050203.JPG">http://www.cwh=
charts.com/katherine/GRMN050203.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003>GRMN has a lot going for it. We =
score it=20
with 6.7 out of 11 possible technical points and 9.4 out of a possible =
11=20
fundamental points.</SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003>You can see the detail from the =
CANSLIM=20
Evaluator we've made available to the list members:</SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003><A=20
href=3D"http://www.cwhcharts.com/katherine/GRMN-CE050203.JPG">http://www.=
cwhcharts.com/katherine/GRMN-CE050203.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003>GRMN ranks 11th in the industry =
for RSRank/%=20
off 52 wk high:</SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003><A=20
href=3D"http://www.cwhcharts.com/katherine/GRMNIndusComp050203.JPG">http:=
//www.cwhcharts.com/katherine/GRMNIndusComp050203.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003>GRMN's industry itself has been =
rising=20
steadily through the ranks. The underlying core technical condition of =
the=20
industry components has been rising steadily.</SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003><A=20
href=3D"http://www.cwhcharts.com/katherine/GRMNIndusRank050203.JPG">http:=
//www.cwhcharts.com/katherine/GRMNIndusRank050203.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003>Katherine</SPAN></DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<DIV><SPAN class=3D136311817-03052003></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Gasta,=20
Jeff<BR><B>Sent:</B> Friday, May 02, 2003 11:20 AM<BR><B>To:</B>=20
'canslim@lists.xmission.com'<BR><B>Subject:</B> RE: [CANSLIM] Climax =
Top on=20
GRMN?<BR><BR></FONT></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Hi=20
Chris,</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">I=92m just =
learning,=20
but have been reading the chapter on selling in HTMMS this week. =
The=20
book mentions watching out for gaps between a days opening price and =
the=20
previous day=92s closing. For GRMN, I notice that it closed at =
39.22 on 29=20
Apr. On 30 Apr it opened at about 40.00 =96 the gap is visible =
on the=20
graph. This may be a warning sign, but I look forward to hearing =
comments from more experienced folks. </SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<DIV>
<P class=3DMsoAutoSig><FONT face=3DGaramond color=3Dnavy =
size=3D1><SPAN=20
style=3D"FONT-SIZE: 8pt; COLOR: navy; FONT-FAMILY: Garamond">Jeffrey=20
Gasta</SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B> =
Chris=20
Jones [mailto:SwingKid104@attbi.com] <BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Friday, May 02, 2003 =
12:36=20
PM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B> =
CANSLIM<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> [CANSLIM] Climax Top =
on=20
GRMN?</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Hi</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I was wondering if =
anyone sees a=20
climax top occurring on GRMN. It's risen 13% in the last four=20
days. It also recently had the biggest one-day price gain since =
it's=20
breakout, and it is well extended from its base. Any =
opinions? Is=20
now a good time to get out?</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Thanks!</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Chris</SPAN></FONT></P></DIV></DIV></BLOCKQUOTE></BODY></HTML>
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