Go to Jeff Salisbury LWGate Home Page.From: " Bob Hodes" <rchodes@charter.net>
Subject: [CANSLIM] AUO: What to do
Date: Mon, 18 Aug 2003 21:16:38 -0500
Next Article (by Author): Re: [CANSLIM] Wind power CMencke@aol.com
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_000F_01C365CE.02C15980 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I recently discovered AUO and it appears to be an interesting investment = opportunity. AUO makes LCD displays for consumer electronics including = notebook computers, desktop computers, TVs, etc. The company's sales = and profit margins are expanding as the demand for large panel flat = screen TVs increases. The technicals are solid but the fundamentals are = weak from a CANSLIM perspective. It's also extended from it's pivot = point of 9.75. The chart appears to have a staircase quality recently. Recently, it = bases for a month and then quickly moves upward only to base for a month = again. There's no real CWH, just a series of flat bases connected by = breakouts. So that's my question. Is this "staircase" pattern an acceptable basing = pattern where you can buy the stock after it breaks resistance for it's = current "base" or is it wiser to wait for a CWH pattern to emerge? I know that the fundamentals are not stellar but they are improving. = But that's not my concern right now, I'm just wondering if there's an = empirically sound strategy for entering a stock with this type of basing = pattern. Also, am I interpreting the chart pattern correctly. Thanks. Bob Hodes - ------=_NextPart_000_000F_01C365CE.02C15980 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 6.00.2800.1170" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>I recently discovered AUO and it = appears to be an=20 interesting investment opportunity. AUO makes LCD displays for = consumer=20 electronics including notebook computers, desktop computers, TVs, = etc. The=20 company's sales and profit margins are expanding as the demand for large = panel=20 flat screen TVs increases. The technicals are solid but the = fundamentals=20 are weak from a CANSLIM perspective. It's also extended from it's = pivot=20 point of 9.75.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>The chart appears to have a staircase = quality=20 recently. Recently, it bases for a month and then quickly moves = upward only=20 to base for a month again. There's no real CWH, just a series of = flat=20 bases connected by breakouts.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>So that's my question. Is this = "staircase"=20 pattern an acceptable basing pattern where you can buy the stock after = it breaks=20 resistance for it's current "base" or is it wiser to wait for a CWH = pattern to=20 emerge?</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>I know that the fundamentals are not = stellar but=20 they are improving. But that's not my concern right now, I'm just=20 wondering if there's an empirically sound strategy for entering a stock = with=20 this type of basing pattern. Also, am I interpreting the chart = pattern=20 correctly. Thanks.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Bob Hodes</FONT></DIV></BODY></HTML> - ------=_NextPart_000_000F_01C365CE.02C15980-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] Wind power CMencke@aol.com
Articles sorted by: [Date]
[Author]
[Subject]