RE: [CANSLIM] usna, stcr

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] usna, stcr
Date: Sat, 24 May 2003 17:06:41 -0500
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Hi Dave,

On STCR, I wouldn't agree the breakout was on 5/6. It's easier to
demonstrate by looking first at the weekly chart, where you can see the last
bit of action on the right side of the cup and then the 1 week handle.

http://www.cwhcharts.com/katherine/STCRWkly052303.JPG

Here's a close-up of the daily action in the cup, showing when the pivot
formed to start the handle and the subsequent breakout on 5/15:

http://www.cwhcharts.com/katherine/STCR052303.JPG

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of david rossing
Sent: Saturday, May 24, 2003 9:25 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] usna, stcr


Tomas,
Thanks for the reply.
I've been holding USNA for a while now.  I guess i'll hold a little
longer and see if it goes on again from here.

For STCR, I was actually looking at a pivot on 5/6 of 12.3.  Any
thoughts on what is the "right" pivot here?  I bought on the breakout
past that before I sent my questions last week.

Dave

- --- Tomas <tomas986@yahoo.com> wrote:
> Dave,
>
> USNA fundies looks good (it's on my watchlist).  The
> charts looks good.  If you have it already, I don't
> see any reason to sell yet.  Looks like it's going
> sideway, swallowing the recent gains.
>
> As for STCR, if you are looking to buy, I think it is
> a little too late.  The left side of cup is at 1/30.
> Pivot point is on 4/22(beginning of handle) at $11.95.
>  The BO could be 5/6 at $12.37.  Volume was up that
> day, but price did not go up that much.  Not sure if
> that is a good BO.  Maybe a better BO would be 5/14 at
> $12.45.  A buy at either BO day would be good since it
> did not go below %8 of the buy point.  However,
> currently, it is extended from the base for a buy
> point.
>
> The fundies looks good.  Good earnings and RS.  The
> only thing I would worry about is the industry
> strength.  That industry is definitely not one of the
> better ones.
>
> just my $.02
> tomas
>
>
> 4-4  6.82/7  8.75/11  15.57/18
>
> --- david rossing <pimpdaddycueball@yahoo.com> wrote:
> > I was just wondering about opinions on two stocks.
> >
> > USNA broke out of a base back in October and has
> > been going up for a
> > while.  It still looks like good earnings and
> > revenue growth.  In the
> > past week or so, the price has been dropping on
> > increasing volume.  On
> > Friday, it went up on low volume.  Is this price
> > action a good sell
> > signal to get out, or maybe just a yellow flag?
> >
> > The second is STCR.  It just broke out of what looks
> > like a CWH to me.
> > It has good earnings and rev growth.  The RS line is
> > not quite at new
> > highs in the breakout over the past two days and the
> > industry doesn't
> > look great.
> >
> > Any opinions on fundamentals or charts would be
> > greatly appreciated.
> > Thanks.
> >
> > Dave
> >
> >
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