Go to Jeff Salisbury LWGate Home Page.From: Tomas <tomas986@yahoo.com>
Subject: RE: [CANSLIM] usna, stcr
Date: Mon, 26 May 2003 19:50:36 -0700 (PDT)
Previous Article (by Author): RE: APPX (was: [CANSLIM] ADVP) Tomas
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Katherine, I originally interprest the pivot to be at 4/22. And the BO could be 5/6. Or you could interpret the pivot point to be on 5/6 and BO on 5/15. To me, the two interpretations look to be right. If you see the chart on 5/6, do you think you would have the first interpretation? tomas - --- Katherine Malm <kmalm@earthlink.net> wrote: > 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. __________________________________ 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.
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