Definitely fits the bill of what we're looking for off of Friday's pivot. Rock on!

I have been watching this one also.  Any concerns about the growth in 2012?   9 pct is a little light and that has me holding off on it.   Hardly an expert here...... How much does that play into other peoples concerns

terrybman: while this is not a recommendation to buy LAD, I will respond to the 9% growth concern you mention...

The 9% next-yr growth is analyst estimates only. Further, the green arrow points to the fact they were recently increased. Further further, there are only 8 analysts and the stock (so far) suggests they are well behind. We see solid growth in EPS and Rev for a couple years now. Personally, I will look at this as a positive. While I may end up incorrect in such an assessment, if I can determine that analysts are behind and the stock is more reflective of real growth, with analysts being behind...then analysts eventually raising #'s becomes a potential future driver.

This is how I commonly look at it. I trust the stock more than analysts and generally prefer when I sense a disparity.

Best luck. FYI,  I am not long LAD. Cheers

Analysts estimates can be a bit delayed if there is a shift in the prospects for a an issue, so I read the forward numbers as more of a secondary or confirming factor.  Price and volume action tell us the most important information.  It seems to me that most running stocks will show accumulation every 4-5 days such as LAD did 10/4 - 10/26.  11/30-12/9 seemed to indicate it was starting another 3-4 week run, but now we have 5 days without any accumulation.  I read the LAD 12/9 pop higher as a confirming move that increased my confidence in more buyable stocks like ISRG, V, GOOG, SIMO.  Of those only V has shown accumulation since 12/9. The 20% deep handle in LAD kept me away from it. HTMMIS pg 116 says "proper handle should be contained within 8-12% of it's peak"

We are in a correction and this stock doesn't even trade 10 million Dollar volume a day. The big boys can't even buy this one.This was a $2 stock at the bottom. Beta of 1.72, I could go on and on. I think it might be better to wait for a new Bull and buy something Liquid.

Stock has not had the required break out volume! That is a problem for me.  Don

It's true that volume at the high on December 2 did not meet the required 40% above average.  However, the volume on 11/30 was greater than any week in the previous 10 weeks.  All else being perfect, that tends to be enough to push a stock higher.  I think the real flaw on December 2nd breakout was that the handle was 20% deep.  It needed a little more time to smooth out that volatile trade from 10/26-12/1.

I see a cup and handle on this stock on the daily at the moment

Right and the heavy volume on 1/26 is higher than the heavy volume on 1/17.  That looks like good pyramiding up.

Looks like we had a pocket pivot today on this stock and a possible early entry

On Friday this stock broke out on good volume

Yup.

Abe got this one correct.

-Congrats,

Tom