RE: [CANSLIM] UOPX

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] UOPX
Date: Sat, 14 Jun 2003 19:48:00 -0500

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Hi Chris,

I don't see the action since the previous breakout in March as a base. A
flat base would have to drift sideways off the left high of the correction
(action since March is rising slowly along the top of the range). A cup with
handle or saucer base would have to decline from the left side of the base
and work it's way back up. That effectively means that the stock is still in
its rise since the breakout and offers no ideal or low-risk entry point. See
the action over the last 2 years at:

http://www.cwhcharts.com/katherine/UOPX061303.JPG

As a point of clarification, our CE score is comprised of the sum of two
components, fundamental (CEF) and technical (CET). UOPX scores 15.72 of a
total possible 18 points, but has a fundamental (CEF) score of 9.56 (of 11)
and a technical (CET) score of 6.16 (of 7). Still nothing to sneeze at, but
somewhat different than assuming all the points you quoted were "fundies" in
and of themselves. The CE evaluation is available at:
http://www.cwhcharts.com/canslim

Those scores place it 3rd in overall CE score within the industry, 5th
technically and 4th fundamentally. The industry currently ranks 36th of 192
industries. While the underlying technicals of the industry components have
been rising fairly steadily, the industry has fallen back in rank a bit in
the last few weeks, as the action is relatively subdued compared to the
action in other industries.

See an industry chart demonstrating the underlying technical action in the
industry vs the market, along with the industry's rank over the last year
at: http://www.cwhcharts.com/katherine/BusServSchools061303.JPG


Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
swingkid104@attbi.com
Sent: Friday, June 13, 2003 11:44 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] UOPX


Hey -

Just wondering what ya'll thought of UOPX.  It's breaking out today (despite
the rest of the ugly market), on heavy volume.  I'm not sure what kind of
base
this is.  I'm not sure if it's a flat base, or a double bottom, though it'd
probably be a stretch to classify it as either.  Whatever it is, it's been
bouncing around within a fairly tight trading range for the past 13 weeks,
and
is just now breaking above it.  I could also see this as a base on base
formation.  I see a cup with a short handle from 1/7 to it's breakout on
3/19,
it advanced a little bit, and got stuck in another rut - of which it is just
now breaking out of.

The fundies look pretty good.  It got a 15.23 / 18 on the canslim evaluator,
and it's industry is ranked 3 / 197 by IBD.

Thoughts are always appreciated!

Chris

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