[CANSLIM] MVL

From: "Maria McAdams" <mlmcadams@earthlink.net>
Subject: [CANSLIM] MVL
Date: Thu, 26 Jun 2003 00:42:40 -0500

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Investor's Corner of today's has "Tips On When To Hold A Leader Through Its
Correction."
It's interesting to see how IBD follows the leader. I learned much more from
Katherine explaining
the signs of potential climax runs. I appreciate the lessons, thank you.
MLMcAdams

Sent: Monday, June 23, 2003 12:31 PM
Subject: RE: [CANSLIM] MVL
> Hi Mike,
> Since MVL's been running hard since late November (or January, depending
how
> you view it), you have to start looking for sell rules related to
"extension
> from the base." Here are some additional sell rules to review:
>
> Signs of potential climax runs:
> If a stock's price is overextended from its base and:
> (1) its price closes for a larger increase than on any prior up days
> (ultimate top often occurs on heaviest volume day since the beginning of
the
> advance)
> (2) if it has been advancing rapidly and opens on a gap up in price
(advance
> is probably near its peak)
> (3) the stock's price breaks badly for several days and does not rally
> (4) suddenly makes its greatest one-day price drop since the beginning of
> the move (consider in context of additional sell signals,industry group
> weakness, market weakness, fundamental weakness in stock)
> (5) a stock split is announced and the stock runs up sharply for 1-2
weeks.
>
> Other signals of topping:
> (1) Stock has advanced a number of months and price rises 25-50% on heavy
> volume in a couple of weeks
> (2) Churning: Stock trades on heavy volume but can't manage meaningful
price
> gains
> (3) Wedging: New price highs on low volume
> (4) Price repeatedly falls on high volume
> (5) Leader in industry group puts in climax top
>
> Overextension from the base is a nebulous term, but generally you're into
> "extended" territory when:
> (1) the stock gets into "rubberband sell rule territory"--i.e. >=25% above
> the 50dMA AND >=70% above the 200dMA
> (2) the current forward PE has expanded to 120%  of the trailing PE (i.e.
> 2.2 times) at the time of the breakout.
>
>
> Katherine
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of
> michael_niemotka@baxter.com
> Sent: Monday, June 23, 2003 11:00 AM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] MVL
>
>
> Hello all
>
> I currently have a position in MVL, and am up nicely, currently 55%, and
at
> one point, was up 100%.  I sold some when it hit 150% of the 50dMA per a
> WON "rule", and today sold another 1/4 of my position at a 15% trailing
> loss.
>
> For the remaining position, I am wondering if I should still hang on , or
> if the action over the last couple of weeks (higher volume, price drops)
> are warning signs to exit out totally.  Earning are in a couple of weeks,
> and rumor is that they will exceed expectations.
>
> Any thoughts?
>
> Thanks
>
> Mike
>
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
>
>
>
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