RE: [CANSLIM] Any reason why I should not buy APPX?

From: Roger Tawa <roger@tawacentral.net>
Subject: RE: [CANSLIM] Any reason why I should not buy APPX?
Date: Sat, 17 May 2003 21:12:23 -0400

Next Article (by Author): [CANSLIM] STOPs "Rolf Hertenstein"
Previous Article (by Author): [CANSLIM] M - are we done for now? "Edward W. Gjertsen II"
Articles sorted by: [Date] [Author] [Subject]

Thanks for the info Jans, I will keep this in mind as I looks at other
candidates.

=================================================
Roger Tawa
http://tawacentral.net/
[One thing about paradigms: shift happens.]
[When you stop, you're done.]

 -----Original Message-----
From: 	owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]  On Behalf Of Spencer48@aol.com
Sent:	Friday, May 16, 2003 12:13 PM
To:	canslim@lists.xmission.com
Subject:	Re: [CANSLIM] Any reason why I should not buy APPX?

Roger:

roger@tawacentral.net writes: << Your point about waiting for a BO on the
weekly is interesting though. Given that this week is still in the making,
how do you handle that? >>        In a Bear Mkt. I wait for weekly BOs (ie,
I
don't buy during the week);       In the beginning of a Bull (which I
believe
we are in now-but I also believe we're OB), I again would wait for the week.
However, if the stock appears very strong to me, I'd overlook the OB status
of the Mkt., and buy the stock after seeing what the day's close is);    In
the middle of a Bull, I'd probably buy interday (when there is a BO from a
WON approved stock, ie. what WON calls "a leader").

roger@tawacentral.net writes: >>You seem to agree that the left hand side of
the cup is at 27.75 at the end of January.  So that puts the pivot at 26.20,
the intra-day high on May 5th.  yes/no?<<
No.  I'm not certain how you get the 26.20 PP on the Weekly Chart just
because the left side PP is 27.75.  I'm not sure where the right side PP is
because there is no handle yet.  (Caveat:  I've just looked at the Daily,
and
on 5/5 there was a right side lip 26.20.  However, I wouldn't have bought at
that time because 1) At the beginning of a Bull I still rely on weekly
BOs-and not daily 2) the RSL is weak on the  26.20 BO, I believe.  3) Even
though volume is really great on the BO, there is such a hi-short interest
that I believe the high volume is due to funds taking their profits.  I
don't
believe volume indicates there is a huge buyer demand out there (I believe,
rather, that the rise is due to profit taking, as shown by what I believe is
a weak RSL)

jans

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.