RE: [CANSLIM] usna, stcr

From: david rossing <pimpdaddycueball@yahoo.com>
Subject: RE: [CANSLIM] usna, stcr
Date: Tue, 27 May 2003 18:19:46 -0700 (PDT)
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Katherine,
I guess my original email may not have been clear, but I read the chart
the same as you, with a breakout on May 15.  Hopefully this means I'm
starting to understand this a little like you experts!  Thanks for the
opinion on this and many others I've been reading while lurking.

Tomas,
Thanks for helping me rethink USNA.  Helped me stay in for another 14%
today.  Thanks!

Dave

- --- 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
> > >
> > >
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