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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Casaubon who wrote (6249)1/29/2003 9:57:14 AM
From: Feraldo  Read Replies (1) of 6445
 
As per EBAY and the weekly graph, I think its possible to come up with two distinct cup and handles. First off, cup sept. 2000 to june 2001 and handle june through dec of 2001. It didn't break out.
Or you could call the cup sept 200o through dec 2001 and handle dec 2001 through jan 2003.
OR you could call cup dec 2001 through Nov 2002 and handle with low volume till early jan. 2003. But, it had little comparative volume on the breakout. In my opinion they are over-owned by institutions all too ready to move into the smaller internet stocks when confidence returns so their could be some downward pressue after this low-volume breakout. Just my thoughts on EBAY.
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