Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: NWRE (was [CANSLIM] Hi, )
Date: Wed, 6 Aug 2003 15:26:31 -0500
Previous Article (by Author): RE: [CANSLIM] filter "Jeff Henderson"
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Hi Mark,
NWRE has had some trouble breaking free of it's current area of consolidation,
as it failed to break away from the previous base. There are some good and bad
points that I see in the chart:
http://www.breakoutwatch.com/katherine/NWRE080603Wkly.JPG
All in all, I wouldn't take on the risk of something like this unless it
*proved* it's ability to breakout from this latest base (high volume breakout
with an underlying healthy market). Given that the market is pulling back, it's
very possible that the RSLine will start to head back up, particularly if it can
pause here and complete it's low volume handle while the rest of the market is
in a funk. Worth watching, though the volatility makes this one a higher risk
choice than many other CANSLIM quality stocks.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Mark Kerson
Sent: Wednesday, August 06, 2003 2:28 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Hi,
I’m looking at NWRE.
Its grades are mediocre. I am not looking at buying it.
But I’m interested in the chart.
It is forming a handle and as it approaches the 50 day line the volume has
dropped to ¼ of the average volume. (466k vs. currently around 140k)
I think I remember reading in IBD this was an indication that shares available
for sale were drying up. Which in turn would drive the price higher? It also
seems significant that it is doing this as it approaches the 50 day line.
I would appreciate any insights or thoughts about this chart pattern.
Thank you,
Mark
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<DIV><SPAN class=3D117252120-06082003>Hi Mark,</SPAN></DIV>
<DIV><SPAN class=3D117252120-06082003></SPAN> </DIV>
<DIV><SPAN class=3D117252120-06082003>NWRE has had some trouble breaking =
free of=20
it's current area of consolidation, as it failed to break away from the =
previous=20
base. There are some good and bad points that I see in the =
chart:</SPAN></DIV>
<DIV><SPAN class=3D117252120-06082003></SPAN> </DIV>
<DIV><SPAN class=3D117252120-06082003><A=20
href=3D"http://www.breakoutwatch.com/katherine/NWRE080603Wkly.JPG">http:/=
/www.breakoutwatch.com/katherine/NWRE080603Wkly.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D117252120-06082003></SPAN> </DIV>
<DIV><SPAN class=3D117252120-06082003>All in all, I wouldn't take on the =
risk of=20
something like this unless it *proved* it's ability to breakout from =
this latest=20
base (high volume breakout with an underlying healthy market). Given =
that the=20
market is pulling back, it's very possible that the RSLine will start to =
head=20
back up, particularly if it can pause here and complete it's low volume =
handle=20
while the rest of the market is in a funk. Worth watching, though the =
volatility=20
makes this one a higher risk choice than many other CANSLIM quality=20
stocks.</SPAN></DIV>
<DIV><SPAN class=3D117252120-06082003></SPAN> </DIV>
<DIV><SPAN class=3D117252120-06082003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Mark=20
Kerson<BR><B>Sent:</B> Wednesday, August 06, 2003 2:28 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Hi,=20
<BR><BR></FONT></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: Arial">I=92m =
looking at=20
NWRE. </SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: Arial">Its =
grades are=20
mediocre. I am not looking at buying it. </SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: Arial">But =
I=92m interested=20
in the chart.</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: Arial">It is =
forming a=20
handle and as it approaches the 50 day line the volume has dropped to =
=BC of the=20
average volume. (466k vs. currently around 140k) =
</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: Arial">I think =
I remember=20
reading in IBD this was an indication that shares available for sale =
were=20
drying up. Which in turn would drive the price higher? It also =
seems=20
significant that it is doing this as it approaches the 50 day line.=20
</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: Arial">I would =
appreciate=20
any insights or thoughts about this chart pattern. =
</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
Arial"></SPAN></FONT> </P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: Arial">Thank=20
you,</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
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<P class=3DMsoNormal><FONT face=3DArial color=3D#333333 size=3D3><SPAN =
style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
Arial">Mark</SPAN></FONT><FONT=20
face=3DArial color=3D#333333><SPAN style=3D"COLOR: #333333; =
FONT-FAMILY: Arial">=20
</SPAN></FONT></P>
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style=3D"FONT-SIZE: 12pt; COLOR: #333333; FONT-FAMILY: =
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