One New CANSLIM Long Position, One New Speculative Potential CANSLIM Long Position, And One Stock I Am Adding To My Existing Position

November 1, 2007

I am not a big fan of the chart of CPLA but the fundamentals are so strong and the breakout is to a new all-time high that I have to poke some. Still it is not going to be big. BIDZ has some incredible growth in the most recent quarter and the breakout came with green BOP so that is good enough for me with the market being as weak as it was today. My favorite chart is FNDT. The max green BOP with the huge surge in volume and the bullish intraday reversal right off the 50 day moving average makes this chart a very near perfect candidate. Too bad BOP was not max green during the whole month of October. If that would have been the case, I might have loaded up.

new CANSLIM long position: CPLA

CPLA is breaking out to a new all-time high from a short two-week tight pattern and bouncing off support near the 50 day moving average, on very strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

new speculative potential CANSLIM long position: BIDZ

BIDZ is breaking out of an ascending base pattern, on above average volume. Cut your loss with a close below the 13.22 level, if the stock does not move higher immediately.

adding to existing CANSLIM long position: FNDT

FNDT is bouncing off the 50 day moving average and nearing a breakout to a new 52-week high, on extremely strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.