Go to Jeff Salisbury LWGate Home Page.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 > > > > > > __________________________________ > > Do you Yahoo!? > > The New Yahoo! Search - Faster. Easier. Bingo. > > http://search.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > __________________________________ > Do you Yahoo!? > The New Yahoo! Search - Faster. Easier. Bingo. > http://search.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - - - -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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