RE: [CANSLIM] RE

From: "Richard Tafoya" <cwh@mendomedia.net>
Subject: RE: [CANSLIM] RE
Date: Tue, 15 Jul 2003 09:03:31 -0700

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I'm seeing an IBD RS Rating of 72, which is in my comfort range.
Granted, when you're hunting for breakouts, you're buying volatility.
I'll hold and watch and try not to obsess on the intra-day moves.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Jonathan Lobatto
Sent: Tuesday, July 15, 2003 8:55 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] RE


According to Quotes Plus database both RS and EPS for RE are in the 60s.
The RS has been in a steady downtrend since April


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- ----- Original Message -----
From: "Richard Tafoya" <cwh@mendomedia.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, July 15, 2003 11:26 AM
Subject: [CANSLIM] RE


> Anyone keeping an eye on RE? I like the fundies and I've been eyeing 
> this one as a CWH candidate since noticing it on a watch list at 
> Amateur Investors.
>
> It was looking like volume and price were pushing for a breakout 
> today. I took a small position at what looked like a pullback just 
> above the pivot and it's retreated since, more or less tracking with 
> the Dow pullback since mid-day. It's not anywhere near my stop area, 
> but it's always rough taking a position and watching the numbers 
> almost immediately run red on you.
>
> Any opinions as to the quality of this CWH formation? I'm seeing about

> a two-year cup and what appears to be a nice shakeout over a 
> multi-week handle. It does look like volume in the handle got a little

> hot the day that Yahoo announced and the market retreated.
>
> Any other insights would be appreciated.
>
> Richard
>
>
>
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