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In addition to eps growth, sales growth, market uptrend, relative strength and tight trade, the above points can help you jump into a winning position and lock in profits.
I like what you have put forth here. Please continue and discuss your interpretation of what happened afterwards. Did or do you own any of this? If so, when ? If not, why not ?
I'm glad you like this. I did not own it back in 2006 as I was looking for perfect u-shaped cups back then. I guess in the real basic CAN SLIM analysis this might be a cup with a high handle, breaking out on 3/27/2006. In '06 I don't think I knew what a high handle was.
What happened after, was a major melt-down. One of the lessons I take from this chart is that, "parabolic moves up are often followed by 6-10 weeks of choppy, tough to handle action." The action after a parabolic move is very hard to predict as it may be merely a mild test of the 50 day before moving higher such as DRYS on 7-19-2007. Either way I can sell into the parabolic move up and wait until I get the next pocket pivot to re-enter such as DRYS 8-22-07.
My current project is to hone in on which 2% extensions should be sold and which should be held. I'll post my POT sale at almost the top tick.
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