Re: [CANSLIM] KKD: return to pivot?

From: Yien T Lung <ylung@engin.umich.edu>
Subject: Re: [CANSLIM] KKD: return to pivot?
Date: Fri, 22 Aug 2003 14:05:32 -0400 (EDT)

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Marc

Those are very good questions. I also bough KKD on the breakout. I am not
too much of a TA guy
but I know that I will cut my position once I reach my 7% loss - which
will probably be around the 50 dMA. I think the interesting thing to do
here is to wait to see if KKD will bounce back once it touches the 50dMA
line - indicating strong Institutinal support.

Yien

On Fri, 22 Aug 2003, Marc Deiter wrote:

> KKD is returning to it's pivot point after breaking out on 8/14.  As
> WON says, many stocks will do this after breaking out.  However, KKD
> has done this in only a couple of days on significantly higher
> volume.  Does this "fit" with the "return to pivot" idea, or is KKD's
> return to the pivot fall outside of this guideline due to the higher
> volume and short timeframe?  Any thoughts?
>
>
>
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