RE: [CANSLIM] VRNT

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] VRNT
Date: Fri, 6 Jun 2003 08:06:55 -0500

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Hi Tomas,

When a stock breaks out out of a well formed base on volume, the B/O is
considered valid. The reason for the B/O doesn't matter, as the technicals
are telling you the stock is ready to rock and roll.

As to earnings releases, I've had some excellent winners over the years
after buying a stock gapping up and breaking out of its base on the earnings
release day. In a couple of cases, the gap up forced me to buy the stock at
slightly more than the 5% above the pivot threshold, but this has never
deterred me. The one thing you want to be sure to do is have the stock
*already* in view before the earnings release and then be ready to pounce on
the stock the minute it breaks out. That can make the difference between
buying something at 4.9% above the pivot vs 10% above the pivot if it gaps
up.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas
Sent: Tuesday, June 03, 2003 11:52 PM
To: canslim canslim
Subject: [CANSLIM] VRNT


Looks like VRNT BO today.  It has a 16.47 CE score,
the highest score I have ever seen so far.  So,
fundies is excellent.  Just release earnings today.
If a BO is on the earnings report day, does that still
count as a BO?

Charts looks good with a downward handle.

Anyone has comments on this stock?

tomas

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