Re: [CANSLIM] Break outs or pullbacks

From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] Break outs or pullbacks
Date: Mon, 14 Jul 2003 11:27:18 -0500

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Hi David, the hardest rule for me to follow is to wait until the =
pullback... and not second guess my process... I've been burned too many =
times.... anticipating entries.

Gene=20
  ----- Original Message -----=20
  From: Davellil5@aol.com=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, July 14, 2003 8:05 AM
  Subject: Re: [CANSLIM] Break outs or pullbacks


  Gene, we have a good example of possible entry on pullback that is now =
being=20
  mentioned in these CANLIM emails -- SFCC.

  After a triple-bottomed cup from February to June (with each bottom =
lower=20
  than the last), there was a handle for 15 trading days with a pivot =
around 19.50,=20
  until the stock broke out on July 8th with an upgap on over 4 times =
average=20
  volume, closing around 22, and hanging between 22 and 23.50 since =
then, with=20
  volume declining from the breakout day.

  Since the breakout was a strong upgap, the O'Neil "Don't chase over 5% =
rule"=20
  doesn't apply.  Should we buy now?

  The numbers show a strong turn-up in the Company's growth.  They're in =
the=20
  niche business of  contracting to run clinical tests on new drugs for =
FDA=20
  approval.  It's a small business with little Fund or broker interest.

  But, if one wanted to buy SFCC, should he do so now?  Or wait for the=20
  pullback (which I've observed after most breakouts this year).

  Buy -- or patiently wait for the pullback?

  Dave=20

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  -To subscribe/unsubscribe, email "majordomo@xmission.com"
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<DIV><FONT face=3D"Comic Sans MS">Hi David, the hardest rule for me to =
follow is=20
to wait until the pullback... and not&nbsp;second guess my process... =
I've been=20
burned too many times.... anticipating entries.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT>&nbsp;</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DDavellil5@aol.com=20
  href=3D"mailto:Davellil5@aol.com">Davellil5@aol.com</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, July 14, 2003 =
8:05 AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Break =
outs or=20
  pullbacks</DIV>
  <DIV><BR></DIV>Gene, we have a good example of possible entry on =
pullback that=20
  is now being <BR>mentioned in these CANLIM emails -- =
SFCC.<BR><BR>After a=20
  triple-bottomed cup from February to June (with each bottom lower =
<BR>than the=20
  last), there was a handle for 15 trading days with a pivot around =
19.50,=20
  <BR>until the stock broke out on July 8th with an upgap on over 4 =
times=20
  average <BR>volume, closing around 22, and hanging between 22 and =
23.50 since=20
  then, with <BR>volume declining from the breakout day.<BR><BR>Since =
the=20
  breakout was a strong upgap, the O'Neil "Don't chase over 5% rule" =
<BR>doesn't=20
  apply.&nbsp; Should we buy now?<BR><BR>The numbers show a strong =
turn-up in=20
  the Company's growth.&nbsp; They're in the <BR>niche business of&nbsp; =

  contracting to run clinical tests on new drugs for FDA =
<BR>approval.&nbsp;=20
  It's a small business with little Fund or broker interest.<BR><BR>But, =
if one=20
  wanted to buy SFCC, should he do so now?&nbsp; Or wait for the =
<BR>pullback=20
  (which I've observed after most breakouts this year).<BR><BR>Buy -- or =

  patiently wait for the pullback?<BR><BR>Dave <BR><BR>-<BR>-To=20
  subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
  email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
  not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML>

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