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About abe

Member since: 16 Sep 2010
Location: Sausalito
Meetup: Sausalito Investor's Business Daily Meetup

View abe's Blogs

2014 (10)

► June (6)
Once more unto the breach
Broken record - Pullbacks...
Pullbacks - 1st two mild...
Pullbacks - 1st two mild...
Pullbacks - 1st two mild...
Pullbacks - 1st two mild,...
► March (2)
Hold the best to the last...
Hold the best to the last...
► January (2)
AMZN in 2003 was a tad di...
Climax action

2013 (28)

► December (5)
Flaws
2nd Leg New High - Widest...
2nd leg new high - Widest...
Great Weekend at IBD Mast...
Market Assessment
► November (5)
2 weeks down - 2 weeks up...
2 weeks down - 2 weeks up...
Not looking too healthy
Data Scrubbing
O'Neil one week down ...
► October (1)
Steady leader falters
► September (2)
Big leader CELG reclaims ...
Rare, 3 mo projected book...
► August (2)
Really?? 459,000 shares a...
How long were the longest...
► July (1)
Large cap growth rallies ...
► June (2)
Seven Week to Thirteen We...
Three waves down - S&...
► May (1)
Week Nineteen
► April (1)
Just closed the last of m...
► February (5)
Pocket pivot at rising 50...
EPS gap down - that sting...
A bit thin but great patt...
LNKD is no GMCR
2nd leg new high, widest ...
► January (3)
Basics look good but the ...
Is AAPL mimicking BA of 1...
Perfect entry blown.

2012 (116)

► December (3)
Price elasticity in a CAN...
Three day to eight day qu...
Six Day Burst to Widest R...
► November (5)
Most optimistic precedent...
4/14/03 IBD 100 Debut: No...
4/14/03 IBD 100 Debut - N...
How did Bill get comforta...
Price, Volume and Duratio...
► September (3)
WWWW looks good here
Pattern Rec - CWH
Open for business
► August (9)
Very powerful
Widest range bar found so...
Nice First Stage Base
largest daily price run u...
Size matters
Base on base
Sell rule 1, Page 263 HTM...
Mortgage Services
Shake out + 3 ?
► July (15)
Last 7 weeks up hasn'...
Closed NCR
Real world 6.9% loss
1-3-1979
Depth less than 17%
To state the obvious.
Lots to look at today
If $2 NOK gets delisted, ...
Someone needs to post on ...
Why I use a 3/4 day accm/...
What's a CAN SLIMer t...
Is there a CAN SLIM buy h...
Gift wrapped back inside ...
What low volume pre-holid...
Measuring call & resp...
► June (8)
Technically speaking, gia...
Actually sold my CERN thi...
9 and 11 week sell offs o...
Hard to ignore
20% in 4 days
Day by day analysis
CAN SLIM - a small group
Brief sell off or start o...
► May (14)
Hard breaks start with qu...
Hard breaks start with qu...
Hard breaks start with qu...
Hard breaks start with qu...
Hard breaks start with qu...
Hard breaks start with qu...
Here is how I read the wa...
As the QQQ undercuts the ...
In May-June of 2011, six ...
Strong eps report & l...
I guess this is why we do...
Handling a powerhouse abo...
3 points connected along ...
Volume dry up in the base
► April (19)
RS line up on a down day
We never know for sure...
Three weeks since the las...
RS Line up on a down day
That was about the easies...
Stutter stepping to new h...
Moving up
ALXN - Definitely a tough...
AZO demonstrates "ti...
Why I use a 4 day w/o acc...
Up against some tough tra...
Where to begin...
MA or V
This one's not quite ...
Popcorn
Thin - Launch from 10 day
Very thin
launch from 50 day
New highs on low volume
► March (22)
16-17 year index consolid...
1978 - 1979 rotation from...
New highs on low volume
Red bar support
Here is the CDNS trade
Stutter stepping to new h...
What late day sell off?
V joining MA in rising of...
Great behavior of LNKD
SLXP getting a little bog...
A gap by any other name.....
TNGO 3/22 heavy volume wa...
Open playbook
Outside the 5% window
A picture of perfect beha...
11 point checklist - Text...
Will LULU today see growi...
is AAPL today the same as...
2nd leg after IPO
Powerful IPO comparison
High failure rate of good...
Interesting even if it...
► February (11)
TDG Launching from 3 week...
Another O'Neil shallo...
19% deep base and pocket ...
QCOR will be very telling
This looks like fun.
Words can't do this j...
I probably sold LNKD too ...
A Difference between SAVE...
Is the HEAVIEST hitter in...
I have been rewarded for ...
Hard kicks to the index?
► January (7)
"Heaviest" volu...
Worth a look.
Even the 15 minute chart ...
possible breakout, shakeo...
ARIA sure was quick out o...
The group rank at CFX loo...
OAS - very interesting he...

2011 (36)

► December (5)
The very best can't f...
VISA RS leads price actio...
S&P hammer meets GOOG...
Nice action LAD.
Daylight. An attribute o...
► November (1)
Not exactly a powerhouse
► October (1)
The Chart Says it All
► September (3)
Here is CSCO's shakeo...
What kind of base is this...
Is BIDU ready to short?
► August (5)
AU Bug
HANS - Leads no. 4 indust...
1966 & 1969 Index'...
Chart Arcade - 10 Rules t...
Volatile trade from the 2...
► July (4)
BIDU at the lows in March...
LULU falling back below u...
Is Citigroup a big ol'...
RS, RS, RS.
► June (2)
How does IBD do it?
Reminiscenses of 1976
► April (5)
IL - some daily analysis
Things are looking up for...
SNDK had some frustration...
Let's see how SNDK ha...
up 20% hold for 8 weeks??
► March (5)
AT&T, MSFT, ORCL and ...
RS against market selling...
Breaking it down.
GMCR - What JDSU could ha...
Staying alive while 180% ...
► February (5)
>2 % extensions at new...
Disecting the J curve.
A taste of success - clos...
Handling domestic oils du...
Handling domestic oils du...
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The group rank at CFX looks a little weak.
5 Comments
     
 (1) 
CFX Colfax Corp

 

abe's Post
Tags:

Comments
miamorekarina said...
January 19, 2012 at 10:12 AM

The group ranking is low but  I think the fundamentals and the technicals are more important  when judging a stock. I have purchased a stock in the past that had a low group rating and it ended up working out.  

ibd-paluszak said...
January 19, 2012 at 02:02 PM

Abe,

My Notes for the L in CAN SLIM

    Strengths.  Sector is strong, it's rank moved from 30 on 10/31 to 4 on 1/9, an overall improving trend.  The sector has been near the top of the 52-wk New High table. It's industry A/D rating is B-, which is great.

.

    Weaknesses. No sector leading stocks listed in the IBD research tables. The industry Subgroup Composite rating is 72, meaning there are a number of laggards dragging the industry down. It's industry rank is 136 and trending higher (Higher is bad).  But the industry has a number of stocks near new highs.

.

    My interpretation of this.  The sector is strong, but IBD research shows that only accounts for 12% of a stocks price move.  The industry accounts for 37%, with it's poor ranking and subgroup composite score is like swimming with weights - if the other stocks in the industry begin to participate, it will be like dropping the weight, giving the stock a nice pop.  I like the fact that the Industry A/D rating is a B- and a several stocks are making new highs, indicating it is at least not alone, reflecting split price action, with a few leaders moving away from the pack.  I will be watching the other leading stocks in the industry, If I see a few of them rolling over, it won't be long before CFX follows if has not already.  I would also take profits sooner as the high industry rank and low composite score will give muted returns - instead of 20%-25%, more like 12%-16% (reflecting the 37% influence that the industry has).

.

    Some of the other sector leaders to watch: DCI, LECO, PLL.  For industry leaders watch WWD & SHS for their price actions.  If you see them rolling over, CFX may not be far behind.  Laggard GDI just rolled over.

.

    I would be buying, with the above caveats, if I did not already have a full plate of alternatives.

.

.

Robert

lwcolwell said...
January 20, 2012 at 09:26 AM

Abe/Robert

       I agree with your comments about the industry weakness yet the 50 DMA vol has been strong over the last qtr with lots of blue wks.  I took a small taste when it started the pocket pivot move with a tight S/L.

abe said...
January 20, 2012 at 11:19 AM

That Jan 12 volume is really hard to ignore. I read it as very significant that it is higher volume than any day since the IPO. I believe that will overwhelm any of the negatives.  I think high volume pushing up above 32.5 would be a buy.

miamorekarina said...
January 20, 2012 at 11:49 AM

Be aware that GDI has lost the 50 day and it's in the same Industry group.

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