Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] AUO: What to do
Date: Tue, 19 Aug 2003 14:43:23 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0026_01C36660.3DBC4CB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Bob, Here are some quick annotations on AUO's most recent base: http://www.breakoutwatch.com/katherine/AUO070103.JPG and on the action since the breakout: http://www.breakoutwatch.com/katherine/AUO081503Wkly.JPG Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bob Hodes Sent: Monday, August 18, 2003 9:17 PM To: canslim@lists.xmission.com Subject: [CANSLIM] AUO: What to do 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_0026_01C36660.3DBC4CB0 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><SPAN class=3D437174119-19082003>Hi Bob,</SPAN></DIV> <DIV><SPAN class=3D437174119-19082003></SPAN> </DIV> <DIV><SPAN class=3D437174119-19082003>Here are some quick annotations on = AUO's=20 most recent base:</SPAN></DIV> <DIV><SPAN class=3D437174119-19082003></SPAN> </DIV> <DIV><SPAN class=3D437174119-19082003><A=20 href=3D"http://www.breakoutwatch.com/katherine/AUO070103.JPG">http://www.= breakoutwatch.com/katherine/AUO070103.JPG</A></SPAN></DIV> <DIV><SPAN class=3D437174119-19082003></SPAN> </DIV> <DIV><SPAN class=3D437174119-19082003>and on the action since the=20 breakout:</SPAN></DIV> <DIV><SPAN class=3D437174119-19082003></SPAN> </DIV> <DIV><SPAN class=3D437174119-19082003><A=20 href=3D"http://www.breakoutwatch.com/katherine/AUO081503Wkly.JPG">http://= www.breakoutwatch.com/katherine/AUO081503Wkly.JPG</A></SPAN></DIV> <DIV><SPAN class=3D437174119-19082003></SPAN> </DIV> <DIV><SPAN class=3D437174119-19082003>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>Bob=20 Hodes<BR><B>Sent:</B> Monday, August 18, 2003 9:17 PM<BR><B>To:</B>=20 canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] AUO: What to=20 do<BR><BR></FONT></DIV> <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. =20 The company's sales and profit margins are expanding as the demand for = large=20 panel flat screen TVs increases. The technicals are solid but = the=20 fundamentals are weak from a CANSLIM perspective. It's also = extended=20 from it's pivot 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=20 only to base for a month again. There's no real CWH, just a = series of=20 flat 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=20 breaks resistance for it's current "base" or is it wiser to wait for a = CWH=20 pattern to 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></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0026_01C36660.3DBC4CB0-- - - - -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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