Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot
Date: Mon, 21 Jul 2003 09:59:28 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0910_01C34F6E.C6255C80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable John, having difficulty understanding your message. Here's my take: 1. you based your purchase on an alert from B/O Watch and your=20 interpretation of the rating of the stock by B/O Watch 2. now you want to know what to do with it 3. you're questioning your use of the scores provided by B/O Watch to select stocks and asking for help in tightening up your screen = criteria My 2 cents: 1. contact B/O Watch offline and ask them for assistance because their rating system is not familiar to all of us 2. If today is an indication of anything, the price and volume are = picking up ... the market is down but not BE... so you might have a "winner". If in = doubt,=20 sell and take your profit Gene ----- Original Message -----=20 From: John Calkins=20 To: canslim@lists.xmission.com=20 Sent: Monday, July 21, 2003 12:10 AM Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot I guess I'm missing something here. BE broke out on BreakoutWatch = last Tuesday with a "relative" high rating following the WON screens with "reasonable" right cup and handle scores. My question was not if this = stock was a poor choice, because it was a good choice at the time it was = bought. My question somehow got lost in the advice of it shouldn't have been purchaced in the first place, wich surprised the heck out of me = because of where I got the information to buy it. My question again is, now that I own it, I purchacesd BE just above = the pivot on Tuesday. It had pulled back on low volume right away to my 7% mental stop and is sitting there. Again, I = will sell if it falls below it, but this low volume has me hoping (you know hoping when I should be fearing, fearing when I should be hoping). I = don't mind a low volume pullback above the pivot. I get a little lost in = this grey area between the pivot an the stop loss. Should I be hoping or = fearing what the volume action is doing with this low volume pull back or = shoud I wait a bit for a high volume pull back to pull the plug? Getting back to the selecting of BE to purchace, it was rated number = 21 out of 50 for the days CE score. If I'm so wrong for selecting this stock = to purchace, should I stick to the top 10 or top 5 or a CE score of 17 of = 18. If someone has some suggestions on tightening up my screens maybe this = is where I indeed need the advice so that I'm not stuck with these types = of decisions to make. Maybe my alerts will signal me once a month = instead of once a week for a possible buy?? JC ----- Original Message ----- From: <Spencer48@aol.com> To: <canslim@lists.xmission.com> Sent: Sunday, July 20, 2003 11:23 AM Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot > Dave & John: > > I agree with Katherine. Putting money in BE would be a risky venture, > under the CANSLIM protocol. > > Not only is its earnings for the last 5 years volatile (to say = the > least), but there is too much overhead resistance to-in my = opinion-make it > acceptable (even though it has made a nice base with a rising 200 = and 50 DMA. > Additonally, the volume on its bottoms are nice and the price of the = stock in > relation to its 2 Moving Averages bodes that the stock is short term strong). > > However, the downside overtakes the upsides: Specifically, the = number of > funds (according to DGO) investing in BE is declining. Also, the = Mgt/Fund > ratio (funds hold 27% of the stock, while management holds only 1%) = is 27. > And, as I mentioned, the earnings are anything but CANSLIMMISH. > > Although, the industry is fine, to me this stock seems a = laggard in its > industry. At the most, I believe it will go up to 12=BD before = pausing, and > with the weakness that the Mkt. appears to be signaling, the pause = in BE could > become a freefall back to its 2nd bottom of 6. > > jans > > > > In a message dated 7/18/2003 12:24:28 PM Eastern Daylight Time, > kmalm@earthlink.net writes: > > << While BE provided entry points closer to its bottom, I don't = think it's > provided a comfortable CANSLIM intermediate/term entry point just = yet. > Entries on pullbacks would then be a riskier venture, though highly do-able. > If willing to take on the risk, I would look to the general price = action > itself to find a pullback entry much closer to the bottom of a = logical > support area if entering while the stock's still forming a more convincing > RHS. If the market rolls over, then an entry here makes it easier = to > determine if the stock is going to roll over by itself or in = response to > generally weak market action. > >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0910_01C34F6E.C6255C80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3D"Comic Sans MS">John, having difficulty understanding = your=20 message. Here's my take:</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">1. you based your purchase on an alert = from B/O=20 Watch and your </FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">interpretation of the rating = </FONT><FONT=20 face=3D"Comic Sans MS">of the stock by B/O Watch</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">2. now you want to know what to do = with=20 it</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">3. you're questioning your use of = the=20 scores </FONT><FONT face=3D"Comic Sans MS">provided by B/O = Watch</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">to select stocks and asking for help = in=20 tightening up your screen criteria</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">My 2 cents:</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">1. contact B/O Watch offline and ask = them for=20 assistance because their</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">rating system is not familiar to all = of=20 us</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">2. If today is an indication of = anything, the=20 price and volume are picking up</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">... the market is down but not BE... = so you=20 might have a "winner". If in doubt, </FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">sell and take your profit</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></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=3Djcalkins@olypen.com = href=3D"mailto:jcalkins@olypen.com">John=20 Calkins</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 21, 2003 = 12:10=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Low = Volume=20 Pullback Below Pivot</DIV> <DIV><BR></DIV>I guess I'm missing something here. BE broke out = on=20 BreakoutWatch last<BR>Tuesday with a "relative" high rating following = the WON=20 screens with<BR>"reasonable" right cup and handle scores. My = question=20 was not if this stock<BR>was a poor choice, because it was a good = choice at=20 the time it was bought.<BR>My question somehow got lost in the advice = of it=20 shouldn't have been<BR>purchaced in the first place, wich surprised = the heck=20 out of me because of<BR>where I got the information to buy = it.<BR><BR>My=20 question again is, now that I own it, I purchacesd BE just above = the<BR>pivot on Tuesday. It had pulled back on low<BR>volume = right away=20 to my 7% mental stop and is sitting there. Again, I will<BR>sell = if it=20 falls below it, but this low volume has me hoping (you know<BR>hoping = when I=20 should be fearing, fearing when I should be hoping). I=20 don't<BR>mind a low volume pullback above the pivot. I get a = little lost=20 in this<BR>grey area between the pivot an the stop loss. Should = I be=20 hoping or fearing<BR>what the volume action is doing with this low = volume pull=20 back or shoud I<BR>wait a bit for a high volume pull back to pull the=20 plug?<BR><BR>Getting back to the selecting of BE to purchace, it was = rated=20 number 21 out<BR>of 50 for the days CE score. If I'm so wrong = for=20 selecting this stock to<BR>purchace, should I stick to the top 10 or = top 5 or=20 a CE score of 17 of 18.<BR>If someone has some suggestions on = tightening up my=20 screens maybe this is<BR>where I indeed need the advice so that I'm = not stuck=20 with these types of<BR>decisions to make. Maybe my alerts will = signal me=20 once a month instead of<BR>once a week for a possible=20 buy??<BR><BR><BR><BR>JC<BR><BR><BR>----- Original Message = - -----<BR>From:=20 <<A = href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A>><BR>To: = <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>Sent:=20 Sunday, July 20, 2003 11:23 AM<BR>Subject: Re: [CANSLIM] Low Volume = Pullback=20 Below Pivot<BR><BR><BR>> Dave &=20 John:<BR>><BR>> I agree with=20 Katherine. Putting money in BE would be a = risky<BR>venture,<BR>>=20 under the CANSLIM = protocol.<BR>><BR>> Not=20 only is its earnings for the last 5 years volatile (to say the<BR>> = least),=20 but there is too much overhead resistance to-in my opinion-make = it<BR>>=20 acceptable (even though it has made a nice base with a rising 200 and=20 50<BR>DMA.<BR>> Additonally, the volume on its bottoms are nice and = the=20 price of the stock<BR>in<BR>> relation to its 2 Moving Averages = bodes that=20 the stock is short=20 term<BR>strong).<BR>><BR>> = However, the=20 downside overtakes the upsides: Specifically, the number<BR>of<BR>> = funds=20 (according to DGO) investing in BE is declining. Also, the=20 Mgt/Fund<BR>> ratio (funds hold 27% of the stock, while management = holds=20 only 1%) is<BR>27.<BR>> And, as I mentioned, the earnings are = anything but = CANSLIMMISH.<BR>><BR>> =20 Although, the industry is fine, to me this stock seems a laggard=20 in<BR>its<BR>> industry. At the most, I believe it will go up = to 12=BD=20 before pausing, and<BR>> with the weakness that the Mkt. appears to = be=20 signaling, the pause in BE<BR>could<BR>> become a freefall back to = its 2nd=20 bottom of 6.<BR>><BR>> jans<BR>><BR>><BR>><BR>> In a = message=20 dated 7/18/2003 12:24:28 PM Eastern Daylight Time,<BR>> <A=20 href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>=20 writes:<BR>><BR>> << While BE provided entry points closer = to its=20 bottom, I don't think it's<BR>> provided a comfortable = CANSLIM=20 intermediate/term entry point just yet.<BR>> Entries on = pullbacks=20 would then be a riskier venture, though = highly<BR>do-able.<BR>> If=20 willing to take on the risk, I would look to the general price=20 action<BR>> itself to find a pullback entry much closer to = the bottom=20 of a logical<BR>> support area if entering while the stock's = still=20 forming a more<BR>convincing<BR>> RHS. If the market rolls = over, then=20 an entry here makes it easier to<BR>> determine if the stock = is going=20 to roll over by itself or in response to<BR>> generally weak = market=20 action.<BR>> >><BR>><BR>> -<BR>> -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; -In=20 the email body, write "subscribe canslim" or<BR>> -"unsubscribe=20 canslim". Do not use quotes in your = email.<BR>><BR><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". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0910_01C34F6E.C6255C80-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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