Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?

From: Yien T Lung <ylung@engin.umich.edu>
Subject: Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?
Date: Wed, 20 Aug 2003 14:24:37 -0400 (EDT)

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Another thing I forgot to add.

LF rating according to IBD
EPS Rate: 60
RS: 73
Industry Strength: C+
SMR: B
Acc/Distr: C+

Even given these fundamentals, do you guys think it is justiable to go
long on this stock just because it is breaking a pivot point?

Thanks

Yien


On Wed, 20 Aug 2003, Yien T Lung wrote:

> Kelly,
>
> from the look of it, it seems that FL is trading just around the pivot -
> which is the upper level of the right side of the cup (around 34.9). I
> would probably get in the trade today.
>
> Yien
>
> On Wed, 20 Aug 2003, Kelly Short wrote:
>
> > Folks, (that's Texan for "Everyone")
> >
> > LF has been on my watch list and I was awaiting an alert from my breakoutwatch.com subscription which if I had received I was planning to purchase it. Today, LF broke out and by the time I was able to check the breakout alert and stock action it was already up 9% for the day, but not yet above the breakout price. I could have gotten in, and might still do that tomorrow if it pulls back, but I am frustrated that a stock, on my watch list, which I was willing to purchase, would run up so much before I could do anything about it. Therefore, I pose the following question:
> >
> > Given the action of LF (see attached chart) are there any technical indicators that could have notified me **yesterday** that this stock was going to rocket off today? Is it reasonable to believe I could have bought the stock yesterday to participate in today's action and still be following CANSLIM rules? I would greatly appreciate anyone's advice on this.
> >
> > Frustrated Texan,
> >
> > Kelly
> >
>
>
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