Re: [CANSLIM] HITK--Volume Studies


From: "DMC197807" <dmc197807@comcast.net>
Subject: Re: [CANSLIM] HITK--Volume Studies
Date: Wed, 6 Aug 2003 10:14:22 -0700

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Gene,

I'm not sure what you mean.  Are you asking for a canslim long =
recommendation, or asking for charts to use in following HITK?

For HITK this daily chart from stockcharts should do the job:

http://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]dbclyiay[pb10!b=
50!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&pref=3DG

For a shorter time period here is the 60 minute chart, but I don't think =
it's very educational:

http://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]ebclyiay[pb10!b=
50!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&pref=3DG

Much better is the weekly where you can see the support line at 19.97, =
then a pause at 15, more support at 10 and then real congestion at 6 to =
9:

http://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]ebclyiay[pb10!b=
50!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&pref=3DG

As for recommendations, as I have noted a few times, the M is telling us =
to back off any real bets at this point.  On CANSLI (minus the M) =
criteria, OMI and AVID look like good stocks, but I'm not interested in =
owning them in this market.  There are probably 10 others I could name, =
but that's not of much interest to me at this time.

DMC
  ----- Original Message -----=20
  From: Gene Ricci=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, August 06, 2003 9:35 AM
  Subject: Re: [CANSLIM] HITK--Volume Studies


  DMC, how about you point us to a chart that passes your criteria?

  Gene


    ----- Original Message -----=20
    From: DMC197807=20
    To: canslim@lists.xmission.com=20
    Sent: Wednesday, August 06, 2003 10:10 AM
    Subject: Re: [CANSLIM] HITK--Volume Studies


    One problem with threads and email lists is the topics tend to lack
    follow-through.  The newest hot topic or stock du jour takes over =
the
    airspace and previous topics disappear.  Perhaps they should, but I =
think
    the HITK education is out there for people who want to take the time =
to
    understand why this stock which gapped and crapped was an unlikely =
delight
    at $25, $26 or "under $25".  One problem with getting your list of =
MILSCANs
    and IBD 100 stocks is you tend to love them long after their =
usefulness has
    evaporated (or long before they become useful again).

    First off, if you can part with some pi$tole$, may I suggest buying =
Donald
    Cassidy's Trading with Volume.  As you can see from the reviews, =
some people
    think it's great, some think it doesn't tell you anything new.   I =
think for
    $25 and a few hours of dedicated reading it's pretty good insurance =
against
    buying an exhaustion gap or jumping in to buy HITK as it's =
crumbling.  If it
    saves you one bad trade (guaranteed to save you more, but .  .  .) =
then it's
    worth about 10 times the purchase price.  It's generally not =
available in
    libraries:

    =
http://www.amazon.com/exec/obidos/tg/detail/-/0071376046/qid=3D1060182177=
/sr=3D1
    =
- -1/ref=3Dsr_1_1/102-9779625-0378563?v=3Dglance&s=3Dbooks#product-details

    Those who trade on price alone are like people who fly airplanes on
    visibility alone.  Or maybe trying to trade on price action alone is =
like
    trying to speak a foreign language with nothing but tons of =
vocabulary--no
    grammar, no semantic rules, no idioms, just a lot of words.  If =
you've ever
    encountered a newly arrived foreign student in the hard sciences you =
get the
    drift.  Volume is a key and crucial instrument.  It's really too bad =
we can
    trade volume as well as price (that is, buy options on volume =
levels, rather
    than just price levels), but there's probably no efficient way to do =
it.
    Otoh, using volume to understand price is key.

    Another useful thing is just to scroll down this note, starting at =
the
    bottom and noting the dates.  If you have a dual screen setup, you =
might put
    the daily or 60 minute chart of HITK up against it, and try to see =
what was
    going on at what point in the conversation.

    HITK is continuing its short, squat candlestick march on low volume, =
down
    below $23 as I type.  How long will the bleeding last?  Who knows, =
but at
    this angle and with this momentum (volume) it can be excruciating.  =
How will
    it end?  Impossible to say, but a likely scenario will be the =
wholesale
    dumping of shares if $20 doesn't hold.  I don't see it holding.  I =
think it
    could collapse tomorrow or the next day, then we might have an =
"echo" of the
    plunge from $40 to $25, with a little boost up to 28 (and all the =
bullish
    chatter) before it finds its proper bottom.  Check now the widening =
of the
    Bollinger bands on the bottom side, giving this thing plenty of =
space to
    run.

    So, let's take another look around 8/15 to see if it has fallen =
through 20
    to 15 and bounced.  Looking out longer term, on the weekly chart, =
you can
    see some support at $10 and what looks like rock bottom =
fisher/vulture
    carcass at around $7-8.  So, short term support at $20, $15; medium =
term
    support at $10 and an "event" or crushingly bad market could take us =
to $7.

    DMC

    ----- Original Message -----
    From: "DMC197807" <dmc197807@comcast.net>
    To: <canslim@lists.xmission.com>
    Sent: Monday, August 04, 2003 8:56 AM
    Subject: Re: [CANSLIM] HITK


    > Perhaps members of the group will find it educational to follow =
HITK for a
    > little while longer.  Nobody has a crystal ball on these things, =
but
    > experience has taught me the hard way that not paying attention to =
price
    > action and volume can be costly.
    >
    > As I opined earlier, this chart pattern is a very familiar, broken =
stock
    > picture.  Volume keeps fading away as buyers back away from this =
name and
    > holders are just beginning to get the picture that the bleeding =
has only
    > begun, and hasn't begun to stop yet.  We've now crossed up above =
the 200
    dma
    > very weakly and fallen back down through it.  I'd expect this =
stock to
    stay
    > below the 200 dma for a significant amount of time from now on, =
long after
    > all the averages complete their southerly curves.  Since there are =
few
    > buyers it won't take many sellers to show up, dump their shares =
and get
    out.
    > That accounts for the small but steady march south.  The Bollinger =
Bands
    > have now widened significantly; when a stock is rallying it can =
climb
    along
    > the upper band for a long time; the same happens on the bottom =
band when
    > it's falling.  The bottom band is pointed directly toward $15 =
right now; I
    > see no reason why, given enough time this summer, it won't achieve =
and
    then
    > overshoot that number.  If HITK had options, I'd be buying puts =
here.  If
    I
    > was an HITK owner, I'd get out at any price right now.
    >
    > DMC
    >
    > ----- Original Message -----
    > From: "DMC197807" <dmc197807@comcast.net>
    > To: <canslim@lists.xmission.com>
    > Sent: Monday, July 28, 2003 11:05 AM
    > Subject: Re: [CANSLIM] HITK
    >
    >
    > > Fanus,
    > >
    > > Thanks for your note.  Each of us has his own system.  Back in =
May I
    > traded
    > > HITK off the center of the Bollinger bands for a bounce which I =
got and
    I
    > > was monitoring it off shorter time frame charts.  The mistake I =
made was
    > not
    > > holding on for the ride further up, but I was leaving for 10 =
days on the
    > > East Coast and couldn't afford to keep the position open, so I =
left with
    > > 9.3% gain in 7 days.  If I can annualize that gain it's better =
than 300%
    > per
    > > year, so I like it.  I kept a tight stop on the position so =
maybe your
    > > calculation of the risk wasn't mine.
    > >
    > > Everyone looks at risk and reward differently.  You may see a =
stock
    which
    > > can rise up to 35 or 40 fairly easily (the reward) but I see a =
broken
    > chart
    > > and the likelihood of that happening as very, very slim.  More =
likely,
    > given
    > > the pattern, is for the stock to pause and hiccup and continue =
to break
    > > down.  Or it could stabilize and idle here at the $22-28 range =
for a
    > while.
    > > However, there have been a lot of buyers on the way up to $49 =
and not
    all
    > of
    > > them have sold.  It often takes several days for the totality of =
a drop
    > from
    > > 49 to 25 to sink in.  A lot of people hope it will recover, a =
lot try to
    > > trade out, but in the end the weight of the chart often produces =
the
    > > inevitable.
    > >
    > > Another way to look at your calculation is to try to figure out =
the
    > > probabilities within a given time frame (let's take 2 weeks, or =
10
    trading
    > > days) of your two speculation scenarios to play out:  1) drops =
to 23?
    > this
    > > is highly likely, imho, given the ATR where it is, call it 2-1; =
or 2)
    > rises
    > > to 35 or 40?  this is a 40-1 shot, to me, in this time period, =
or worse.
    > So
    > > you calculate the value of the two and, with the stock where it =
is now,
    > > 26.50, you have a 50% chance of losing $3.50, or -1.75, and a =
2.5%
    chance
    > of
    > > it rising to 35, or $0.87, so I wouldn't take your approach, not =
even
    with
    > > your money.
    > >
    > > What is the better approach?  Patience, let the plunge work =
through its
    > > natural progression.
    > >
    > > This is what makes a market, though.  Regards,
    > >
    > > DMC
    > >
    > >
    > >
    > > ----- Original Message -----
    > > From: "Fanus" <fanus13@yahoo.com>
    > > To: <canslim@lists.xmission.com>
    > > Sent: Monday, July 28, 2003 10:19 AM
    > > Subject: Re: [CANSLIM] HITK
    > >
    > >
    > > > I haven't look at the CANSLIM characteristics, but
    > > > risk/reward look pretty good to me.
    > > >
    > > > If one trade it as a bounce off the 200DMA, then your
    > > > stop can be just below it.  Say around 23.00.  You
    > > > could have entered around 25.30 this morning, risking
    > > > 2.30.  If I was trading it, I would expect it to
    > > > possibly stall at resistance around 35 to 40 which
    > > > would be my profit target.  A profit target of about
    > > > 9.7 to 14.7.  Risking 2.3 to get 9.7 is a risk/reward
    > > > ratio of 1/4.2.   Risking 1 dollar to make 4.2. Good
    > > > enough for me.
    > > >
    > > > You mentioned that you bought HITK at 5/30/03 at
    > > > 34.20. From my side,  I do not see significant support
    > > > close by, or a logical place to put a stop loss other
    > > > than the 50DMA which were at 30.74 on that date.  A
    > > > risk of 3.46.  You sold on 6/5 at 37.47; a profit of
    > > > 3.27. So you risk 3.46 to make 3.27, a risk/reward
    > > > ratio of 1/0.95.  Risking 1 dollar to make 0.95.
    > > >
    > > > In my books, an entry now is much less risky than your
    > > > entry on 5/30.
    > > >
    > > > Regards
    > > > - Fanus
    > > >
    > > >
    > > > --- DMC197807 <dmc197807@comcast.net> wrote:
    > > > > MessageGene,
    > > > >
    > > > > I understood that.  However, I think it's
    > > > > hard/dangerous to trade consistently (and safely)
    > > > > from signals generated by newsletters and stock
    > > > > pickers, or black boxes or discussion threads.  I
    > > > > assume you are out of HITK at this point?
    > > > >
    > > > > My comments were and are limited to trying to grasp
    > > > > the total risk-reward on the name as indicated by
    > > > > the chart.  Still too risky for me, maybe not for
    > > > > others.  When the charts come into alignment, then
    > > > > money is made more easily, although not without
    > > > > risk.
    > > > >
    > > > > I took $3+ out of HITK at the end of May by
    > > > > following my discipline (bot 5/30 at 34.20, sold 6/5
    > > > > at 37.47), and it was this experience which caught
    > > > > my attention with your post.
    > > > >
    > > > > HITK may close this week higher or lower, and at
    > > > > that point it may still not be a good speculation,
    > > > > for my money.
    > > > >
    > > > > Good luck,
    > > > >
    > > > > DMC
    > > > >
    > > > >
    > > > >   ----- Original Message -----
    > > > >   From: Gene Ricci
    > > > >   To: canslim@lists.xmission.com
    > > > >   Sent: Monday, July 28, 2003 9:32 AM
    > > > >   Subject: Re: [CANSLIM] HITK
    > > > >
    > > > >
    > > > >   DMC, if you'll go back to my original email you'll
    > > > > see that I was making an observation ... and passing
    > > > > it on to potential holders of HITK .... based on a
    > > > > buy signal from ChangeWave.
    > > > >
    > > > >   'If you still own HITK there may be a light in the
    > > > > tunnel.'
    > > > >
    > > > >   In the meantime I made 75 cents/share trading it
    > > > > this morning (going long)... after the opening
    > > > > pullback...
    > > > >
    > > > >   Gene
    > > > >
    > > > >
    > > > >
    > > > >
    > > > >
    > > > >
    > > > >   ----- Original Message -----
    > > > >     From: DMC197807
    > > > >     To: canslim@lists.xmission.com
    > > > >     Sent: Monday, July 28, 2003 11:01 AM
    > > > >     Subject: Re: [CANSLIM] HITK
    > > > >
    > > > >
    > > > >     Gene,
    > > > >
    > > > >     Two thoughts come to mind.  First is a ski area
    > > > > I frequent.  Just below the highest lift are some
    > > > > cliffs which are out of bounds by regulation and
    > > > > also by dint of pure reason:  they look like
    > > > > suicide.  However, on any thick powder day there are
    > > > > a number of youth with their snowboards and skis
    > > > > doing the "extreme thing."  For some reason only 2
    > > > > people have gotten killed there in my memory, and a
    > > > > few bad accidents, but mostly these yahoos make it
    > > > > through.  It doesn't mean it isn't an absurd risk to
    > > > > take, but there you are.
    > > > >
    > > > >     Is HITK still a falling knife, or is it safe to
    > > > > buy?
    > > > >
    > > > >     Second is: what is volume during normal trading
    > > > > and what is volume during a selloff?  Clearly HITK
    > > > > is in a selloff, so I like to look at something like
    > > > > 10 day volume (or volume since the plunge) rather
    > > > > than 60-day volume.   Here the 60-day volume is
    > > > > 583,000, but the most recent 8 days have coughed up
    > > > > about 10 million shares, or 1.25 million per day.  I
    > > > > was looking at HITK early today and was surprised
    > > > > that the first hour, amateur hour, didn't produce
    > > > > more volume.  It's now 2.5 hours into the trading
    > > > > day and it's still at 330,000 shares.
    > > > >
    > > > >     I think today is simply a pause on the way down.
    > > > >  I have no money in this name now and only look at
    > > > > it to determine when, on a trading basis, the reward
    > > > > might outweigh the risk.  That event might not
    > > > > happen for several weeks and might take place at a
    > > > > higher price than today's (in fact, could easily do
    > > > > so).
    > > > >
    > > > >     Mostly I think of this endeavor as the opposite
    > > > > of even recreational skiing.  We want to find the
    > > > > easiest, most risk free way of having fun (making
    > > > > $$), not the adrenaline rushed version.  If this
    > > > > were a ski slope, my scans would be scouting for not
    > > > > black diamond slopes or blue slopes.  Unlike skiing,
    > > > > here I'm on the hunt for easy green slopes and even
    > > > > yellow bunny hop slopes.
    > > > >
    > > > >     Good luck,
    > > > >
    > > > >     DMC
    > > > >       ----- Original Message -----
    > > > >       From: Gene Ricci
    > > > >       To: canslim@lists.xmission.com
    > > > >       Sent: Monday, July 28, 2003 7:35 AM
    > > > >       Subject: Re: [CANSLIM] HITK
    > > > >
    > > > >
    > > > >       The power of the newsletter assumes control...
    > > > > up 6% and 1/3 of the daily volume already.
    > > > >
    > > > >       Gene
    > > > >         ----- Original Message -----
    > > > >         From: DMC197807
    > > > >         To: canslim@lists.xmission.com
    > > > >         Sent: Saturday, July 26, 2003 10:35 PM
    > > > >         Subject: Re: [CANSLIM] HITK
    > > > >
    > > > >
    > > > >         Technically your risk/reward on this name
    > > > > would be skewed toward risk at this point.  The
    > > > > chart shows no stopping yet, volume is still high
    > > > > and the daily patterns are bearish.  The price
    > > > > dropped right through the 200 day EMA (25.85), is
    > > > > below any support on the daily (there looks like
    > > > > some support at $20 on the weekly).  If $20 holds,
    > > > > who's interested in buying for a quick off the bat
    > > > > 20% loss?
    > > > >
    > > > >         I don't actually see why $20 should hold for
    > > > > more than a pause, anyway.  To me there's no sense
    > > > > in looking for "bad news," it's all in the chart
    > > > > right now.
    > > > >
    > > > >         JMHO,
    > > > >
    > > > >         DMC
    > > > >
    > > > >
    > > > >
    > > > >           ----- Original Message -----
    > > > >           From: Gene Ricci
    > > > >           To: canslim@lists.xmission.com
    > > > >           Sent: Saturday, July 26, 2003 6:30 PM
    > > > >           Subject: [CANSLIM] HITK
    > > > >
    > > > >
    > > > >           If you still own HITK there may be a light
    > > > > in the tunnel. Change Wave (Tobin Smith) sent an
    > > > > alert to his 300,000 (?) subscribers to buy HITK on
    > > > > 7/25. Looking at the chart shows that the price
    > > > > dropped down and stabilized at its 200-day moving
    > > > > average at $23.14 before bouncing higher. It closed
    > > > > at $24.88 on 7/25. Other than a possible shortfall
    > > > > because of seasonal cough medicine sales I couldn't
    > > > > find any other bad news. Anyone know of any other
    > > > > issues?
    > > > >
    > > > >           Thanks,
    > > > >           Gene
    > > > >
    > > > >           I was forwarded the following;
    > > > >
    > > > >           A price under $25 is a great entry point
    > > > > for this dual
    > > > >           generic/diabetes play -- forget the noise
    > > > > from the momentum
    > > > >           buyers-turned-sellers. They were cleaned
    > > > > out with the huge volume
    > > > >           sales, so now it's time to build or add to
    > > > > your positions to get to
    > > > >           a $25 cost basis. I still think we can
    > > > > hold on for a $50 value at
    > > > >           the end of 2004 on $2 per share earnings
    > > > > in 2004.
    > > > >
    > > > >           Let's lower the buy under for HITK to $25.
    > > > >
    > > > >
    > > > >
    > > >
    > > >
    > > > __________________________________
    > > > Do you Yahoo!?
    > > > Yahoo! SiteBuilder - Free, easy-to-use web site design =
software
    > > > http://sitebuilder.yahoo.com
    > > >
    > > > -
    > > > -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.
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    >
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    > -In the email body, write "subscribe canslim" or
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<DIV><FONT face=3DArial size=3D2>Gene,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I'm not sure what you mean.&nbsp; Are =
you asking=20
for&nbsp;a canslim long recommendation, or asking for charts to use in =
following=20
HITK?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>For HITK this daily chart from =
stockcharts should=20
do the job:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><A=20
href=3D"http://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]dbclyia=
y[pb10!b50!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&amp;pref=3DG">h=
ttp://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]dbclyiay[pb10!b5=
0!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&amp;pref=3DG</A></FONT><=
/DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>For a shorter time period here is the =
60 minute=20
chart, but I don't think it's very educational:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><A=20
href=3D"http://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]ebclyia=
y[pb10!b50!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&amp;pref=3DG">h=
ttp://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]ebclyiay[pb10!b5=
0!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&amp;pref=3DG</A></FONT><=
/DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Much better is the weekly where you can =
see the=20
support line at 19.97, then a pause at 15, more support at 10 and then =
real=20
congestion at 6 to 9:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><A=20
href=3D"http://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]ebclyia=
y[pb10!b50!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&amp;pref=3DG">h=
ttp://stockcharts.com/def/servlet/SC.web?c=3DHITK,uu[h,a]ebclyiay[pb10!b5=
0!b200!i!f][vc60][iut!Lp14,3,3!Lb14!Lg!Lc9!Lf15]&amp;pref=3DG</A></FONT><=
/DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>As for recommendations, as I have noted =
a few=20
times, the M is telling us to back off any real bets at this =
point.&nbsp; On=20
CANSLI (minus the M) criteria, OMI and AVID look like good stocks, but =
I'm not=20
interested in owning them in this market.&nbsp; There are probably 10 =
others I=20
could name, but that's not of much interest to me at this =
time.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>DMC</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</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> Wednesday, August 06, =
2003 9:35=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
HITK--Volume=20
  Studies</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3D"Comic Sans MS">DMC, how about you point us to =
a&nbsp;chart=20
  that passes your criteria?</FONT></DIV>
  <DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
  <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
  <DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
  <DIV><FONT face=3D"Comic Sans MS"></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=3Ddmc197807@comcast.net=20
    href=3D"mailto:dmc197807@comcast.net">DMC197807</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>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 06, =
2003 10:10=20
    AM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
HITK--Volume=20
    Studies</DIV>
    <DIV><BR></DIV>One problem with threads and email lists is the =
topics tend=20
    to lack<BR>follow-through.&nbsp; The newest hot topic or stock du =
jour takes=20
    over the<BR>airspace and previous topics disappear.&nbsp; Perhaps =
they=20
    should, but I think<BR>the HITK education is out there for people =
who want=20
    to take the time to<BR>understand why this stock which gapped and =
crapped=20
    was an unlikely delight<BR>at $25, $26 or "under $25".&nbsp; One =
problem=20
    with getting your list of MILSCANs<BR>and IBD 100 stocks is you tend =
to love=20
    them long after their usefulness has<BR>evaporated (or long before =
they=20
    become useful again).<BR><BR>First off, if you can part with some =
pi$tole$,=20
    may I suggest buying Donald<BR>Cassidy's Trading with Volume.&nbsp; =
As you=20
    can see from the reviews, some people<BR>think it's great, some =
think it=20
    doesn't tell you anything new.&nbsp;&nbsp; I think for<BR>$25 and a =
few=20
    hours of dedicated reading it's pretty good insurance =
against<BR>buying an=20
    exhaustion gap or jumping in to buy HITK as it's crumbling.&nbsp; If =

    it<BR>saves you one bad trade (guaranteed to save you more, but =
.&nbsp;=20
    .&nbsp; .) then it's<BR>worth about 10 times the purchase =
price.&nbsp; It's=20
    generally not available in<BR>libraries:<BR><BR><A=20
    =
href=3D"http://www.amazon.com/exec/obidos/tg/detail/-/0071376046/qid=3D10=
60182177/sr=3D1">http://www.amazon.com/exec/obidos/tg/detail/-/0071376046=
/qid=3D1060182177/sr=3D1</A><BR>-1/ref=3Dsr_1_1/102-9779625-0378563?v=3Dg=
lance&amp;s=3Dbooks#product-details<BR><BR>Those=20
    who trade on price alone are like people who fly airplanes =
on<BR>visibility=20
    alone.&nbsp; Or maybe trying to trade on price action alone is=20
    like<BR>trying to speak a foreign language with nothing but tons of=20
    vocabulary--no<BR>grammar, no semantic rules, no idioms, just a lot =
of=20
    words.&nbsp; If you've ever<BR>encountered a newly arrived foreign =
student=20
    in the hard sciences you get the<BR>drift.&nbsp; Volume is a key and =
crucial=20
    instrument.&nbsp; It's really too bad we can<BR>trade volume as well =
as=20
    price (that is, buy options on volume levels, rather<BR>than just =
price=20
    levels), but there's probably no efficient way to do it.<BR>Otoh, =
using=20
    volume to understand price is key.<BR><BR>Another useful thing is =
just to=20
    scroll down this note, starting at the<BR>bottom and noting the =
dates.&nbsp;=20
    If you have a dual screen setup, you might put<BR>the daily or 60 =
minute=20
    chart of HITK up against it, and try to see what was<BR>going on at =
what=20
    point in the conversation.<BR><BR>HITK is continuing its short, =
squat=20
    candlestick march on low volume, down<BR>below $23 as I type.&nbsp; =
How long=20
    will the bleeding last?&nbsp; Who knows, but at<BR>this angle and =
with this=20
    momentum (volume) it can be excruciating.&nbsp; How will<BR>it =
end?&nbsp;=20
    Impossible to say, but a likely scenario will be the =
wholesale<BR>dumping of=20
    shares if $20 doesn't hold.&nbsp; I don't see it holding.&nbsp; I =
think=20
    it<BR>could collapse tomorrow or the next day, then we might have an =
"echo"=20
    of the<BR>plunge from $40 to $25, with a little boost up to 28 (and =
all the=20
    bullish<BR>chatter) before it finds its proper bottom.&nbsp; Check =
now the=20
    widening of the<BR>Bollinger bands on the bottom side, giving this =
thing=20
    plenty of space to<BR>run.<BR><BR>So, let's take another look around =
8/15 to=20
    see if it has fallen through 20<BR>to 15 and bounced.&nbsp; Looking =
out=20
    longer term, on the weekly chart, you can<BR>see some support at $10 =
and=20
    what looks like rock bottom fisher/vulture<BR>carcass at around =
$7-8.&nbsp;=20
    So, short term support at $20, $15; medium term<BR>support at $10 =
and an=20
    "event" or crushingly bad market could take us to=20
    $7.<BR><BR>DMC<BR><BR>----- Original Message -----<BR>From: =
"DMC197807"=20
    &lt;<A=20
    =
href=3D"mailto:dmc197807@comcast.net">dmc197807@comcast.net</A>&gt;<BR>To=
:=20
    &lt;<A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>Sent:=20
    Monday, August 04, 2003 8:56 AM<BR>Subject: Re: [CANSLIM]=20
    HITK<BR><BR><BR>&gt; Perhaps members of the group will find it =
educational=20
    to follow HITK for a<BR>&gt; little while longer.&nbsp; Nobody has a =
crystal=20
    ball on these things, but<BR>&gt; experience has taught me the hard =
way that=20
    not paying attention to price<BR>&gt; action and volume can be=20
    costly.<BR>&gt;<BR>&gt; As I opined earlier, this chart pattern is a =
very=20
    familiar, broken stock<BR>&gt; picture.&nbsp; Volume keeps fading =
away as=20
    buyers back away from this name and<BR>&gt; holders are just =
beginning to=20
    get the picture that the bleeding has only<BR>&gt; begun, and hasn't =
begun=20
    to stop yet.&nbsp; We've now crossed up above the 200<BR>dma<BR>&gt; =
very=20
    weakly and fallen back down through it.&nbsp; I'd expect this stock=20
    to<BR>stay<BR>&gt; below the 200 dma for a significant amount of =
time from=20
    now on, long after<BR>&gt; all the averages complete their southerly =

    curves.&nbsp; Since there are few<BR>&gt; buyers it won't take many =
sellers=20
    to show up, dump their shares and get<BR>out.<BR>&gt; That accounts =
for the=20
    small but steady march south.&nbsp; The Bollinger Bands<BR>&gt; have =
now=20
    widened significantly; when a stock is rallying it can=20
    climb<BR>along<BR>&gt; the upper band for a long time; the same =
happens on=20
    the bottom band when<BR>&gt; it's falling.&nbsp; The bottom band is =
pointed=20
    directly toward $15 right now; I<BR>&gt; see no reason why, given =
enough=20
    time this summer, it won't achieve and<BR>then<BR>&gt; overshoot =
that=20
    number.&nbsp; If HITK had options, I'd be buying puts here.&nbsp;=20
    If<BR>I<BR>&gt; was an HITK owner, I'd get out at any price right=20
    now.<BR>&gt;<BR>&gt; DMC<BR>&gt;<BR>&gt; ----- Original Message=20
    -----<BR>&gt; From: "DMC197807" &lt;<A=20
    =
href=3D"mailto:dmc197807@comcast.net">dmc197807@comcast.net</A>&gt;<BR>&g=
t;=20
    To: &lt;<A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;=20
    Sent: Monday, July 28, 2003 11:05 AM<BR>&gt; Subject: Re: [CANSLIM]=20
    HITK<BR>&gt;<BR>&gt;<BR>&gt; &gt; Fanus,<BR>&gt; &gt;<BR>&gt; &gt; =
Thanks=20
    for your note.&nbsp; Each of us has his own system.&nbsp; Back in =
May=20
    I<BR>&gt; traded<BR>&gt; &gt; HITK off the center of the Bollinger =
bands for=20
    a bounce which I got and<BR>I<BR>&gt; &gt; was monitoring it off =
shorter=20
    time frame charts.&nbsp; The mistake I made was<BR>&gt; not<BR>&gt; =
&gt;=20
    holding on for the ride further up, but I was leaving for 10 days on =

    the<BR>&gt; &gt; East Coast and couldn't afford to keep the position =
open,=20
    so I left with<BR>&gt; &gt; 9.3% gain in 7 days.&nbsp; If I can =
annualize=20
    that gain it's better than 300%<BR>&gt; per<BR>&gt; &gt; year, so I =
like=20
    it.&nbsp; I kept a tight stop on the position so maybe your<BR>&gt; =
&gt;=20
    calculation of the risk wasn't mine.<BR>&gt; &gt;<BR>&gt; &gt; =
Everyone=20
    looks at risk and reward differently.&nbsp; You may see a=20
    stock<BR>which<BR>&gt; &gt; can rise up to 35 or 40 fairly easily =
(the=20
    reward) but I see a broken<BR>&gt; chart<BR>&gt; &gt; and the =
likelihood of=20
    that happening as very, very slim.&nbsp; More likely,<BR>&gt; =
given<BR>&gt;=20
    &gt; the pattern, is for the stock to pause and hiccup and continue =
to=20
    break<BR>&gt; &gt; down.&nbsp; Or it could stabilize and idle here =
at the=20
    $22-28 range for a<BR>&gt; while.<BR>&gt; &gt; However, there have =
been a=20
    lot of buyers on the way up to $49 and not<BR>all<BR>&gt; of<BR>&gt; =
&gt;=20
    them have sold.&nbsp; It often takes several days for the totality =
of a=20
    drop<BR>&gt; from<BR>&gt; &gt; 49 to 25 to sink in.&nbsp; A lot of =
people=20
    hope it will recover, a lot try to<BR>&gt; &gt; trade out, but in =
the end=20
    the weight of the chart often produces the<BR>&gt; &gt; =
inevitable.<BR>&gt;=20
    &gt;<BR>&gt; &gt; Another way to look at your calculation is to try =
to=20
    figure out the<BR>&gt; &gt; probabilities within a given time frame =
(let's=20
    take 2 weeks, or 10<BR>trading<BR>&gt; &gt; days) of your two =
speculation=20
    scenarios to play out:&nbsp; 1) drops to 23?<BR>&gt; this<BR>&gt; =
&gt; is=20
    highly likely, imho, given the ATR where it is, call it 2-1; or =
2)<BR>&gt;=20
    rises<BR>&gt; &gt; to 35 or 40?&nbsp; this is a 40-1 shot, to me, in =
this=20
    time period, or worse.<BR>&gt; So<BR>&gt; &gt; you calculate the =
value of=20
    the two and, with the stock where it is now,<BR>&gt; &gt; 26.50, you =
have a=20
    50% chance of losing $3.50, or -1.75, and a 2.5%<BR>chance<BR>&gt;=20
    of<BR>&gt; &gt; it rising to 35, or $0.87, so I wouldn't take your =
approach,=20
    not even<BR>with<BR>&gt; &gt; your money.<BR>&gt; &gt;<BR>&gt; &gt; =
What is=20
    the better approach?&nbsp; Patience, let the plunge work through =
its<BR>&gt;=20
    &gt; natural progression.<BR>&gt; &gt;<BR>&gt; &gt; This is what =
makes a=20
    market, though.&nbsp; Regards,<BR>&gt; &gt;<BR>&gt; &gt; DMC<BR>&gt; =

    &gt;<BR>&gt; &gt;<BR>&gt; &gt;<BR>&gt; &gt; ----- Original Message=20
    -----<BR>&gt; &gt; From: "Fanus" &lt;<A=20
    href=3D"mailto:fanus13@yahoo.com">fanus13@yahoo.com</A>&gt;<BR>&gt; =
&gt; To:=20
    &lt;<A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;=20
    &gt; Sent: Monday, July 28, 2003 10:19 AM<BR>&gt; &gt; Subject: Re:=20
    [CANSLIM] HITK<BR>&gt; &gt;<BR>&gt; &gt;<BR>&gt; &gt; &gt; I haven't =
look at=20
    the CANSLIM characteristics, but<BR>&gt; &gt; &gt; risk/reward look =
pretty=20
    good to me.<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; If one trade it as a =
bounce=20
    off the 200DMA, then your<BR>&gt; &gt; &gt; stop can be just below =
it.&nbsp;=20
    Say around 23.00.&nbsp; You<BR>&gt; &gt; &gt; could have entered =
around=20
    25.30 this morning, risking<BR>&gt; &gt; &gt; 2.30.&nbsp; If I was =
trading=20
    it, I would expect it to<BR>&gt; &gt; &gt; possibly stall at =
resistance=20
    around 35 to 40 which<BR>&gt; &gt; &gt; would be my profit =
target.&nbsp; A=20
    profit target of about<BR>&gt; &gt; &gt; 9.7 to 14.7.&nbsp; Risking =
2.3 to=20
    get 9.7 is a risk/reward<BR>&gt; &gt; &gt; ratio of =
1/4.2.&nbsp;&nbsp;=20
    Risking 1 dollar to make 4.2. Good<BR>&gt; &gt; &gt; enough for =
me.<BR>&gt;=20
    &gt; &gt;<BR>&gt; &gt; &gt; You mentioned that you bought HITK at =
5/30/03=20
    at<BR>&gt; &gt; &gt; 34.20. From my side,&nbsp; I do not see =
significant=20
    support<BR>&gt; &gt; &gt; close by, or a logical place to put a stop =
loss=20
    other<BR>&gt; &gt; &gt; than the 50DMA which were at 30.74 on that=20
    date.&nbsp; A<BR>&gt; &gt; &gt; risk of 3.46.&nbsp; You sold on 6/5 =
at=20
    37.47; a profit of<BR>&gt; &gt; &gt; 3.27. So you risk 3.46 to make =
3.27, a=20
    risk/reward<BR>&gt; &gt; &gt; ratio of 1/0.95.&nbsp; Risking 1 =
dollar to=20
    make 0.95.<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; In my books, an entry =
now is=20
    much less risky than your<BR>&gt; &gt; &gt; entry on 5/30.<BR>&gt; =
&gt;=20
    &gt;<BR>&gt; &gt; &gt; Regards<BR>&gt; &gt; &gt; - Fanus<BR>&gt; =
&gt;=20
    &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; --- DMC197807 &lt;<A=20
    href=3D"mailto:dmc197807@comcast.net">dmc197807@comcast.net</A>&gt;=20
    wrote:<BR>&gt; &gt; &gt; &gt; MessageGene,<BR>&gt; &gt; &gt; =
&gt;<BR>&gt;=20
    &gt; &gt; &gt; I understood that.&nbsp; However, I think =
it's<BR>&gt; &gt;=20
    &gt; &gt; hard/dangerous to trade consistently (and safely)<BR>&gt; =
&gt;=20
    &gt; &gt; from signals generated by newsletters and stock<BR>&gt; =
&gt; &gt;=20
    &gt; pickers, or black boxes or discussion threads.&nbsp; I<BR>&gt; =
&gt;=20
    &gt; &gt; assume you are out of HITK at this point?<BR>&gt; &gt; =
&gt;=20
    &gt;<BR>&gt; &gt; &gt; &gt; My comments were and are limited to =
trying to=20
    grasp<BR>&gt; &gt; &gt; &gt; the total risk-reward on the name as =
indicated=20
    by<BR>&gt; &gt; &gt; &gt; the chart.&nbsp; Still too risky for me, =
maybe not=20
    for<BR>&gt; &gt; &gt; &gt; others.&nbsp; When the charts come into=20
    alignment, then<BR>&gt; &gt; &gt; &gt; money is made more easily, =
although=20
    not without<BR>&gt; &gt; &gt; &gt; risk.<BR>&gt; &gt; &gt; =
&gt;<BR>&gt; &gt;=20
    &gt; &gt; I took $3+ out of HITK at the end of May by<BR>&gt; &gt; =
&gt; &gt;=20
    following my discipline (bot 5/30 at 34.20, sold 6/5<BR>&gt; &gt; =
&gt; &gt;=20
    at 37.47), and it was this experience which caught<BR>&gt; &gt; &gt; =
&gt; my=20
    attention with your post.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =
&gt; HITK=20
    may close this week higher or lower, and at<BR>&gt; &gt; &gt; &gt; =
that=20
    point it may still not be a good speculation,<BR>&gt; &gt; &gt; &gt; =
for my=20
    money.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Good =
luck,<BR>&gt; &gt;=20
    &gt; &gt;<BR>&gt; &gt; &gt; &gt; DMC<BR>&gt; &gt; &gt; &gt;<BR>&gt; =
&gt;=20
    &gt; &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp; ----- Original Message=20
    -----<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp; From: Gene Ricci<BR>&gt; =
&gt; &gt;=20
    &gt;&nbsp;&nbsp; To: <A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
    &gt; &gt; &gt;&nbsp;&nbsp; Sent: Monday, July 28, 2003 9:32 =
AM<BR>&gt; &gt;=20
    &gt; &gt;&nbsp;&nbsp; Subject: Re: [CANSLIM] HITK<BR>&gt; &gt; &gt;=20
    &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp; DMC, =
if=20
    you'll go back to my original email you'll<BR>&gt; &gt; &gt; &gt; =
see that I=20
    was making an observation ... and passing<BR>&gt; &gt; &gt; &gt; it =
on to=20
    potential holders of HITK .... based on a<BR>&gt; &gt; &gt; &gt; buy =
signal=20
    from ChangeWave.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =
&gt;&nbsp;&nbsp;=20
    'If you still own HITK there may be a light in the<BR>&gt; &gt; &gt; =
&gt;=20
    tunnel.'<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp; =
In the=20
    meantime I made 75 cents/share trading it<BR>&gt; &gt; &gt; &gt; =
this=20
    morning (going long)... after the opening<BR>&gt; &gt; &gt; &gt;=20
    pullback...<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =
&gt;&nbsp;&nbsp;=20
    Gene<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =

    &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =

    &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp; ----- Original Message =
- -----<BR>&gt;=20
    &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp; From: DMC197807<BR>&gt; &gt; =
&gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp; To: <A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
    &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp; Sent: Monday, July 28, 2003 =
11:01=20
    AM<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp; Subject: Re: =
[CANSLIM]=20
    HITK<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =

    &gt;&nbsp;&nbsp;&nbsp;&nbsp; Gene,<BR>&gt; &gt; &gt; &gt;<BR>&gt; =
&gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp; Two thoughts come to mind.&nbsp; First =
is a ski=20
    area<BR>&gt; &gt; &gt; &gt; I frequent.&nbsp; Just below the highest =
lift=20
    are some<BR>&gt; &gt; &gt; &gt; cliffs which are out of bounds by =
regulation=20
    and<BR>&gt; &gt; &gt; &gt; also by dint of pure reason:&nbsp; they =
look=20
    like<BR>&gt; &gt; &gt; &gt; suicide.&nbsp; However, on any thick =
powder day=20
    there are<BR>&gt; &gt; &gt; &gt; a number of youth with their =
snowboards and=20
    skis<BR>&gt; &gt; &gt; &gt; doing the "extreme thing."&nbsp; For =
some reason=20
    only 2<BR>&gt; &gt; &gt; &gt; people have gotten killed there in my =
memory,=20
    and a<BR>&gt; &gt; &gt; &gt; few bad accidents, but mostly these =
yahoos make=20
    it<BR>&gt; &gt; &gt; &gt; through.&nbsp; It doesn't mean it isn't an =
absurd=20
    risk to<BR>&gt; &gt; &gt; &gt; take, but there you are.<BR>&gt; &gt; =
&gt;=20
    &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp; Is HITK still a =
falling=20
    knife, or is it safe to<BR>&gt; &gt; &gt; &gt; buy?<BR>&gt; &gt; =
&gt;=20
    &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp; Second is: what =
is=20
    volume during normal trading<BR>&gt; &gt; &gt; &gt; and what is =
volume=20
    during a selloff?&nbsp; Clearly HITK<BR>&gt; &gt; &gt; &gt; is in a =
selloff,=20
    so I like to look at something like<BR>&gt; &gt; &gt; &gt; 10 day =
volume (or=20
    volume since the plunge) rather<BR>&gt; &gt; &gt; &gt; than 60-day=20
    volume.&nbsp;&nbsp; Here the 60-day volume is<BR>&gt; &gt; &gt; &gt; =

    583,000, but the most recent 8 days have coughed up<BR>&gt; &gt; =
&gt; &gt;=20
    about 10 million shares, or 1.25 million per day.&nbsp; I<BR>&gt; =
&gt; &gt;=20
    &gt; was looking at HITK early today and was surprised<BR>&gt; &gt; =
&gt;=20
    &gt; that the first hour, amateur hour, didn't produce<BR>&gt; &gt; =
&gt;=20
    &gt; more volume.&nbsp; It's now 2.5 hours into the trading<BR>&gt; =
&gt;=20
    &gt; &gt; day and it's still at 330,000 shares.<BR>&gt; &gt; &gt;=20
    &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp; I think today is =
simply=20
    a pause on the way down.<BR>&gt; &gt; &gt; &gt;&nbsp; I have no =
money in=20
    this name now and only look at<BR>&gt; &gt; &gt; &gt; it to =
determine when,=20
    on a trading basis, the reward<BR>&gt; &gt; &gt; &gt; might outweigh =
the=20
    risk.&nbsp; That event might not<BR>&gt; &gt; &gt; &gt; happen for =
several=20
    weeks and might take place at a<BR>&gt; &gt; &gt; &gt; higher price =
than=20
    today's (in fact, could easily do<BR>&gt; &gt; &gt; &gt; =
so).<BR>&gt; &gt;=20
    &gt; &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp; Mostly I =
think of=20
    this endeavor as the opposite<BR>&gt; &gt; &gt; &gt; of even =
recreational=20
    skiing.&nbsp; We want to find the<BR>&gt; &gt; &gt; &gt; easiest, =
most risk=20
    free way of having fun (making<BR>&gt; &gt; &gt; &gt; $$), not the=20
    adrenaline rushed version.&nbsp; If this<BR>&gt; &gt; &gt; &gt; were =
a ski=20
    slope, my scans would be scouting for not<BR>&gt; &gt; &gt; &gt; =
black=20
    diamond slopes or blue slopes.&nbsp; Unlike skiing,<BR>&gt; &gt; =
&gt; &gt;=20
    here I'm on the hunt for easy green slopes and even<BR>&gt; &gt; =
&gt; &gt;=20
    yellow bunny hop slopes.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp; Good luck,<BR>&gt; &gt; &gt; =
&gt;<BR>&gt; &gt;=20
    &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp; DMC<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----- Original Message=20
    -----<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =
From: Gene=20
    Ricci<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To: =
<A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
    &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sent: Monday, =
July 28,=20
    2003 7:35 AM<BR>&gt; &gt; &gt; =
&gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
    Subject: Re: [CANSLIM] HITK<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =

    &gt;<BR>&gt; &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The =
power of=20
    the newsletter assumes control...<BR>&gt; &gt; &gt; &gt; up 6% and =
1/3 of=20
    the daily volume already.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gene<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ----- Original =
Message=20
    -----<BR>&gt; &gt; &gt; =
&gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
    From: DMC197807<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To: <A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
    &gt; &gt; &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sent: =

    Saturday, July 26, 2003 10:35 PM<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subject: Re: =
[CANSLIM]=20
    HITK<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =

    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technically =
your=20
    risk/reward on this name<BR>&gt; &gt; &gt; &gt; would be skewed =
toward risk=20
    at this point.&nbsp; The<BR>&gt; &gt; &gt; &gt; chart shows no =
stopping yet,=20
    volume is still high<BR>&gt; &gt; &gt; &gt; and the daily patterns =
are=20
    bearish.&nbsp; The price<BR>&gt; &gt; &gt; &gt; dropped right =
through the=20
    200 day EMA (25.85), is<BR>&gt; &gt; &gt; &gt; below any support on =
the=20
    daily (there looks like<BR>&gt; &gt; &gt; &gt; some support at $20 =
on the=20
    weekly).&nbsp; If $20 holds,<BR>&gt; &gt; &gt; &gt; who's interested =
in=20
    buying for a quick off the bat<BR>&gt; &gt; &gt; &gt; 20% =
loss?<BR>&gt; &gt;=20
    &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I don't =
actually see=20
    why $20 should hold for<BR>&gt; &gt; &gt; &gt; more than a pause,=20
    anyway.&nbsp; To me there's no sense<BR>&gt; &gt; &gt; &gt; in =
looking for=20
    "bad news," it's all in the chart<BR>&gt; &gt; &gt; &gt; right =
now.<BR>&gt;=20
    &gt; &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JMHO,<BR>&gt; =
&gt; &gt;=20
    &gt;<BR>&gt; &gt; &gt; =
&gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
    DMC<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =
- -----=20
    Original Message -----<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =
From: Gene=20
    Ricci<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To: =
<A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
    &gt; &gt; =
&gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
    Sent: Saturday, July 26, 2003 6:30 PM<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =
Subject:=20
    [CANSLIM] HITK<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; =
&gt;=20
    &gt; =
&gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If you=20
    still own HITK there may be a light<BR>&gt; &gt; &gt; &gt; in the =
tunnel.=20
    Change Wave (Tobin Smith) sent an<BR>&gt; &gt; &gt; &gt; alert to =
his=20
    300,000 (?) subscribers to buy HITK on<BR>&gt; &gt; &gt; &gt; 7/25. =
Looking=20
    at the chart shows that the price<BR>&gt; &gt; &gt; &gt; dropped =
down and=20
    stabilized at its 200-day moving<BR>&gt; &gt; &gt; &gt; average at =
$23.14=20
    before bouncing higher. It closed<BR>&gt; &gt; &gt; &gt; at $24.88 =
on 7/25.=20
    Other than a possible shortfall<BR>&gt; &gt; &gt; &gt; because of =
seasonal=20
    cough medicine sales I couldn't<BR>&gt; &gt; &gt; &gt; find any =
other bad=20
    news. Anyone know of any other<BR>&gt; &gt; &gt; &gt; =
issues?<BR>&gt; &gt;=20
    &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
    Thanks,<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
    Gene<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I =
was=20
    forwarded the following;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A =
price=20
    under $25 is a great entry point<BR>&gt; &gt; &gt; &gt; for this=20
    dual<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
    generic/diabetes play -- forget the noise<BR>&gt; &gt; &gt; &gt; =
from the=20
    momentum<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
    buyers-turned-sellers. They were cleaned<BR>&gt; &gt; &gt; &gt; out =
with the=20
    huge volume<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =
sales, so=20
    now it's time to build or add to<BR>&gt; &gt; &gt; &gt; your =
positions to=20
    get to<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a =
$25 cost=20
    basis. I still think we can<BR>&gt; &gt; &gt; &gt; hold on for a $50 =
value=20
    at<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the =
end of=20
    2004 on $2 per share earnings<BR>&gt; &gt; &gt; &gt; in =
2004.<BR>&gt; &gt;=20
    &gt; &gt;<BR>&gt; &gt; &gt;=20
    &gt;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =
Let's lower=20
    the buy under for HITK to $25.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; =
&gt;=20
    &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; =
&gt;<BR>&gt; &gt;=20
    &gt; __________________________________<BR>&gt; &gt; &gt; Do you=20
    Yahoo!?<BR>&gt; &gt; &gt; Yahoo! SiteBuilder - Free, easy-to-use web =
site=20
    design software<BR>&gt; &gt; &gt; <A=20
    =
href=3D"http://sitebuilder.yahoo.com">http://sitebuilder.yahoo.com</A><BR=
>&gt;=20
    &gt; &gt;<BR>&gt; &gt; &gt; -<BR>&gt; &gt; &gt; -To =
subscribe/unsubscribe,=20
    email "<A=20
    =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>&gt=
;=20
    &gt; &gt; -In the email body, write "subscribe canslim" or<BR>&gt; =
&gt; &gt;=20
    -"unsubscribe canslim".&nbsp; Do not use quotes in your =
email.<BR>&gt;=20
    &gt;<BR>&gt; &gt;<BR>&gt; &gt; -<BR>&gt; &gt; -To =
subscribe/unsubscribe,=20
    email "<A=20
    =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>&gt=
;=20
    &gt; -In the email body, write "subscribe canslim" or<BR>&gt; &gt;=20
    -"unsubscribe canslim".&nbsp; Do not use quotes in your=20
    email.<BR>&gt;<BR>&gt;<BR>&gt; -<BR>&gt; -To subscribe/unsubscribe, =
email=20
    "<A =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>&gt=
;=20
    -In the email body, write "subscribe canslim" or<BR>&gt; =
- -"unsubscribe=20
    canslim".&nbsp; Do not use quotes in your email.<BR><BR><BR>-<BR>-To =

    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></BLOCKQUOTE></BODY></HTML>

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