Go to Jeff Salisbury LWGate Home Page.From: " Bob Hodes" <rchodes@charter.net>
Subject: Re: [CANSLIM] AUO: What to do
Date: Tue, 19 Aug 2003 20:34:38 -0500
Next Article (by Author): Re: [CANSLIM] SHFL "Dave Wood"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0023_01C36691.4F2DD280
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Thank you Katherine. Your comments are very helpful. Interesting to =
follow stocks with stronger technicals than fundamentals (based on =
CANSLIM criteria). I suspect that ttype of stock does better than one =
with strong fundamentals and weak technicals.
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, August 19, 2003 2:43 PM
Subject: RE: [CANSLIM] AUO: What to do
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_0023_01C36691.4F2DD280
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>Thank you Katherine. Your =
comments are very=20
helpful. Interesting to follow stocks with stronger technicals =
than=20
fundamentals (based on CANSLIM criteria). I suspect that ttype of =
stock=20
does better than one with strong fundamentals and weak =
technicals.</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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> Tuesday, August 19, 2003 =
2:43=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] AUO: =
What to=20
do</DIV>
<DIV><BR></DIV>
<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> <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=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 =
do<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>I recently discovered AUO and it =
appears to be=20
an interesting investment opportunity. AUO makes LCD displays =
for=20
consumer electronics including notebook computers, desktop =
computers, TVs,=20
etc. The company's sales and profit margins are expanding as =
the=20
demand for large panel flat screen TVs increases. The =
technicals are=20
solid but the fundamentals are weak from a CANSLIM =
perspective. It's=20
also extended 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=20
"staircase" pattern an acceptable basing pattern where you can buy =
the stock=20
after it breaks resistance for it's current "base" or is it wiser to =
wait=20
for a CWH 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=20
but 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=20
Hodes</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0023_01C36691.4F2DD280--
- -
- -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] SHFL "Dave Wood"
Articles sorted by: [Date]
[Author]
[Subject]