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

From: Tomas <tomas986@yahoo.com>
Subject: RE: [CANSLIM] Comments on COLM, UTSI, HOV?
Date: Fri, 9 May 2003 08:53:02 -0700 (PDT)
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Katherine,

I gotcha.  Thanks you very much for the thorough
answer.

BTW, the link you provided is broken.


tomas



- --- Katherine Malm <kmalm@earthlink.net> wrote:
> Hi Tomas,
> 
> High handles aren't nearly as common as handles
> lower in the base, but they
> do pop up now and then. In COLM's case, the gap on
> the right side of the
> base contributed to this formation. While most
> stocks will take a wandering
> path up the right side of the base, rising and
> falling back several times
> before setting up a valid handle for a breakout,
> COLM shot straight up. The
> pause to absorb the move (thus forming a handle)
> would then happen higher
> and much closer to the resistance on the left side
> of the base.
> 
> In my mind, the first requirements of a handle are
> that the midpoint of the
> handle is above the midpoint of the base (showing
> the ability of the stock
> to retrace the correction and shore up power for the
> remaining move up), and
> must form above the 200dMA. Until those 2
> requirements are met, it's not a
> valid handle. However, any part of the base from
> there on up is valid
> territory and as long as the other necessary
> technical requirements for the
> base itself and the handle are met, you're good to
> go. That means that high
> handles are just fine, though less common.
> 
> Here's an article on high handles from my Investor's
> Corner files:
>
http://www.cwhcharts.com/Katherine/HotStocksHighHandles.JPG
> 
> If I remember right, COLM is an old favorite of Norm
> Boyd's....maybe he can
> shed some light for you.
> 
> Katherine
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf
> Of Tomas
> Sent: Thursday, May 08, 2003 9:00 PM
> To: canslim@lists.xmission.com
> Subject: RE: [CANSLIM] Comments on COLM, UTSI, HOV?
> 
> 
> Katherine,
> 
> Hmm, interesting.  I don't see WON mentioning about
> the handle locating above the left side of the cup.
> Base on your experienc, do you see this type of
> formation often?  And do you consider this a
> stronger
> or weaker C&H than the C&H with the usual handle
> below
> the left side of the cup and above the 200 DMA?
> 
> I'll be keeping track of this stock to see what it
> does.
> 
> tomas
> 
> --- Katherine Malm <kmalm@earthlink.net> wrote:
> > 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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> 
=== message truncated ===


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