Re: [CANSLIM] TASR - possible climax run?

From: Hong Hsu <honghsu@bellatlantic.net>
Subject: Re: [CANSLIM] TASR - possible climax run?
Date: Thu, 24 Jul 2003 20:58:09 -0400
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    Rolf and Marc,

    Here is my 2 cents:  The issue is to differ a climax run from 
potential major distribution days as both have similar price/volume 
action in their first three days.  The difference is the major 
distribution days come after price has big run for 3 to 4 days while 
climax run usually starts when a stock rise in 7 to 8 straight days.

As the TASR only sequentially up run for three days, it is still too 
early to tell whether it is climax run.   Because it hasn't have major 
distribution since its initial B/O, a major distribution will likely 
happen any time now.  If the TASR's price continue surge for another two 
to three days, then it defines climax run.
    
Maybe Katherine and others could have better view,
- -Hong


Marc Deiter wrote:

>Rolf,
>
>Still learning and not a "good technician", and I'm travelling so
>don't have the books with me to quote, however I do have a paper with
>WON's "Major Sell Rules".  Sell rules #2 and #15 are "Sell into a
>climax run.  A 25% to 50% gain in a week or two?  After the stock's
>already doubled, tripled in price?  Great! No, too great!" and #15 is
>"Stock stages its biggest price gain of the rally.  Often coincides
>with a climax run."  If you consider TASR broke out in April at
>around 5, it's now up over 3x from there and it's up 29% since
>Monday.  Plus, today's gain is the biggest of the rally.
>
>I haven't owned a stock that has done this (yet), but it resemble's a
>climax run to me.
>
>Marc
>
>--- rolfh@mindspring.com wrote:
>  
>
>>Any good technicians out there willing to give an opinion on
>>whether TASR is starting a climax run?  Up 29% since Monday (on
>>good sales/earnings news) and today's volume is the biggest since
>>May 2002.
>>
>>Any comments welcome.
>>
>>Thanks!
>> Rolf
>>
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>
>
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- -- 
 <Linux kernel:>< As a computer I find your faith in technology amusing.



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&nbsp; &nbsp; Rolf and Marc,<br>
<br>
&nbsp; &nbsp; Here is my 2 cents: &nbsp;The issue is to differ a climax run from potential
major distribution days as both have similar price/volume action in their
first three days. &nbsp;The difference is the major distribution days come after
price has big run for 3 to 4 days while climax run usually starts when a
stock rise in 7 to 8 straight days. <br>
<br>
As the TASR only sequentially up run for three days, it is still too early
to tell whether it is climax run. &nbsp; Because it hasn't have major distribution
since its initial B/O, a major distribution will likely happen any time now.
&nbsp;If the TASR's price continue surge for another two to three days, then it
defines climax run. <br>
&nbsp;&nbsp; &nbsp;<br>
Maybe Katherine and others could have better view,<br>
- -Hong<br>
<br>
<br>
Marc Deiter wrote:<br>
<blockquote type="cite"
 cite="mid20030724224607.258.qmail@web20009.mail.yahoo.com">
  <pre wrap="">Rolf,

Still learning and not a "good technician", and I'm travelling so
don't have the books with me to quote, however I do have a paper with
WON's "Major Sell Rules".  Sell rules #2 and #15 are "Sell into a
climax run.  A 25% to 50% gain in a week or two?  After the stock's
already doubled, tripled in price?  Great! No, too great!" and #15 is
"Stock stages its biggest price gain of the rally.  Often coincides
with a climax run."  If you consider TASR broke out in April at
around 5, it's now up over 3x from there and it's up 29% since
Monday.  Plus, today's gain is the biggest of the rally.

I haven't owned a stock that has done this (yet), but it resemble's a
climax run to me.

Marc

- --- <a class="moz-txt-link-abbreviated" href="mailto:rolfh@mindspring.com">rolfh@mindspring.com</a> wrote:
  </pre>
  <blockquote type="cite">
    <pre wrap="">Any good technicians out there willing to give an opinion on
whether TASR is starting a climax run?  Up 29% since Monday (on
good sales/earnings news) and today's volume is the biggest since
May 2002.

Any comments welcome.

Thanks!
 Rolf

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<pre class="moz-signature" cols="$mailwrapcol">-- 
 &lt;Linux kernel:&gt;&lt; As a computer I find your faith in technology amusing.</pre>
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