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 13:10:52 -0500
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Hi Chris,
Thanks for the feedback and congrats on such an excellent purchase. If I
remember right, Ed Gjersten brought this stock to the list's attention, so
thanks to him as well!
I'm not keen on adding to a position after it is extended from a breakout. If
you're interested in adding, then you'll want to look for a low volume pullback
to support as a less risky entry. There's also the possibility that this is a
very strong rally in a bear market, so you'll also want to be watching for signs
that the leaders and the market as a whole are starting to breakdown (if that
occurs). Keep your eyes peeled for more excellent CANSLIM quality stocks
breaking out.... so far there have been a steady supply of them and that may be
a better option for you than adding to your GRMN position at this point. All in
all it's a matter of preference.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Chris Jones
Sent: Saturday, May 03, 2003 12:06 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Climax Top on GRMN?
Katherine -
I greatly appreciate your detailed analysis. I hadn't thought of it as an
ascending base at all, I didn't even know they existed. Thank you for shedding
some light on the situation. I bought in initially at 30 and am up 45% (my
third CANSLIM purchase). Should I consider adding to my position? I really
like the company, I think they've got great products and are dominating an
undersaturated market. Or should I be happy with my profits and move on to
another stock?
Thanks Again!
Chris
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Saturday, May 03, 2003 10:44 AM
Subject: RE: [CANSLIM] Climax Top on GRMN?
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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<BODY lang=3DEN-US vLink=3D#606420 link=3Dblue bgColor=3Dwhite>
<DIV><SPAN class=3D339060618-03052003>Hi Chris,</SPAN></DIV>
<DIV><SPAN class=3D339060618-03052003></SPAN> </DIV>
<DIV><SPAN class=3D339060618-03052003>Thanks for the feedback and =
congrats on such=20
an excellent purchase. If I remember right, Ed Gjersten brought this =
stock to=20
the list's attention, so thanks to him as well!</SPAN></DIV>
<DIV><SPAN class=3D339060618-03052003></SPAN> </DIV>
<DIV><SPAN class=3D339060618-03052003>I'm not keen on adding to a =
position after=20
it is extended from a breakout. If you're interested in adding, then =
you'll want=20
to look for a low volume pullback to support as a less risky entry. =
There's also=20
the possibility that this is a very strong rally in a bear market, so =
you'll=20
also want to be watching for signs that the leaders and the market as a =
whole=20
are starting to breakdown (if that occurs). Keep your eyes peeled for =
more=20
excellent CANSLIM quality stocks breaking out.... so far there have been =
a=20
steady supply of them and that may be a better option for you than =
adding to=20
your GRMN position at this point. All in all it's a matter of=20
preference.</SPAN></DIV>
<DIV><SPAN class=3D339060618-03052003></SPAN> </DIV>
<DIV><SPAN class=3D339060618-03052003>Katherine</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>Chris=20
Jones<BR><B>Sent:</B> Saturday, May 03, 2003 12:06 PM<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><FONT face=3DArial size=3D2>Katherine - </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I greatly appreciate your detailed=20
analysis. I hadn't thought of it as an ascending base at all, I =
didn't=20
even know they existed. Thank you for shedding some light on the =
situation. I bought in initially at 30 and am up 45% (my third =
CANSLIM=20
purchase). Should I consider adding to my position? I =
really like=20
the company, I think they've got great products and are dominating an=20
undersaturated market. Or should I be happy with my profits and =
move on=20
to another stock?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks Again!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Chris</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, May 03, 2003 =
10:44=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Climax =
Top on=20
GRMN?</DIV>
<DIV><BR></DIV>
<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=20
for very strong stock at the beginning of new up-legs in a market. =
See my=20
annotated 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=20
RSRank/% 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=20
on 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=20
learning, but have been reading the chapter on selling in HTMMS =
this=20
week. The book mentions watching out for gaps between a days =
opening=20
price and the previous day=92s closing. For GRMN, I notice =
that it=20
closed at 39.22 on 29 Apr. On 30 Apr it opened at about =
40.00 =96 the=20
gap is visible on the graph. This may be a warning sign, but =
I look=20
forward to hearing comments from more experienced folks. =20
</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=20
size=3D2><SPAN 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>=20
CANSLIM<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">Subject:</SPAN></B>=20
[CANSLIM] Climax Top on 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=20
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=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I was =
wondering=20
if anyone sees a climax top occurring on GRMN. It's risen =
13% in the=20
last four days. It also recently had the biggest one-day =
price gain=20
since it's breakout, and it is well extended from its base. =
Any=20
opinions? Is 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=20
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=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Chris</SPAN></FONT></P></DIV></DIV></BLOCKQUOTE></BLOCKQUOTE></BLO=
CKQUOTE></BODY></HTML>
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