RE: [CANSLIM] Comments on COLM, UTSI, HOV?

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Comments on COLM, UTSI, HOV?
Date: Thu, 8 May 2003 09:37:03 -0500

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Hi Chris, Tomas,

COLM is etching a "high handle". That is, a handle which forms a bit above
the left side of the cup. In this case, it's about 2% above. While valid
handles form above the midpoint of the cup, there is nothing to keep them
from forming higher. This one is high due to the big recent gap up on the
right side of the cup. Here's a look at the chart of COLM with some comments
on the CE Scores and basing pattern:

http://www.cwhcharts.com/katherine/COLM050703.JPG

In general, all three of these stocks fall into what I refer to as the
"green" zone based on the combination of fundamentals and technicals. That
makes them worth reviewing in greater detail to find their
strengths/weaknesses. See how they fall into line with respect to all
possible CE Scores:

http://www.cwhcharts.com/katherine/CEMap050703.JPG

(To review the methodology for deriving the scores and mapping them see
http://www.cwhcharts.com/canslim/CE_methodology.htm and
http://www.cwhcharts.com/canslim/CE_zone_methodology.htm)

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas
Sent: Wednesday, May 07, 2003 9:05 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Comments on COLM, UTSI, HOV?

Chris,

Here's my take.

COLM - Fundies ok, Industry rank is 38.  Not good.
Anyone put a lot of weight on this?  Not sure if this
is a "good" CwH.  The handle price should be below the
left cup.

UTSI - Not sure about this graph.  Does look like a
nice CwH.  Maybe the handle is not well developed yet.

HOV - Fundies is good. Industry rank is 19, which is
just ok.  I see the handle from 3/21 - 4/1.  The BO is
on 4/2 with increased volume.  If you cansider that,
then today price is well extended and today's big
volume with price jump might be a good sign to sell.
Anyone agree with my analysis? Or am I missing the
whole boat? :).

- --- Chris Jones <SwingKid104@attbi.com> wrote:
> Hi All.  Just wondering if anybody had any comments
> on COLM, UTSI, or HOV.  Here's my novice analysis.
>
> COLM - Looks like a CwH, does it matter that it
> gapped down and up?  Fundies/IBD looks pretty good,
> but only 12 out of 18 on the CANSLIM Evaluation @
> cwhcharts.com.
>
> UTSI - I see a CwH from May-02 to present.  But I
> also see the Handle as a smaller CwH.  Anyone else
> see this?  Does that make it any more significant?
> Fundies/IBD also looks pretty good.  15 out of 18 on
> the CANSLIM Eval.
>
> HOV - Looks like a CwH.  Volume contracted
> appropriately during the handle.  Nice breakout
> today on 2x ADV.  Again, Fundies/IBD looks pretty
> good.  14 out of 18 on the CANSLIM Eval.
>
> All three stocks are on the IBD100 list.
>
> Any of them look particularly tempting?
>
> Thanks for your comments!
>
> Chris

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