RE: [CANSLIM] WEBX

From: "Jeff Henderson" <JHend746@cox.net>
Subject: RE: [CANSLIM] WEBX
Date: Wed, 6 Aug 2003 10:55:19 -0500

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Sorry I missed your statement saying that you bought at the volume surge
but my point is that there are other entry techniques that are simpler
and more effective to use than charting especially for a beginner.  

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Jiehui
Sent: Tuesday, August 05, 2003 11:43 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] WEBX

Hi all,

I'm a beginner in this and is still a little unsure of how to read
charts. I hope some of the more experienced chart readers on this group
can help me.

WEBX has formed the teacup w/ handle pattern and I mistakenly bought at
the volume surge thinking it's a break-out, only to find it went down
5.68%

Is it forming another handle now and should I continue holding on to the
stock and wait for the handle to form or until the 8% stop-loss is
reached. Or should I exit my position now? Is this considered a failed
break-out?

The rating for this WEBX is currently: 97 81 73 A+ A A-

Regards,
Jiehui

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