Go to Jeff Salisbury LWGate Home Page.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
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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.
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