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Hi All:
Here's another potential candidate for bottom-fishing. (We're still not
yet there, though.)
Attached for daily and weekly charts of TLCV (TLC Laser Eye Center).
Note that TLCV trades at NASDQ. It also trades at Toronto Stock Exchange,
and the symbol is TLC-T (for Dial Data users) or TLC.TO (per Yahoo website).
Again, I have my averging down buy system here, heavily optimized.
When either of the wb trend indicators cross below the buy level (cyan
line) and then cross above it, then the first buy signal is triggered.
Right now, both wb indicators have crossed below the buy levels and hasn't
yet crossed above them, so we don't have a buy signal yet. It's possible
the stock has found support around the $ 12 1/2 area. If so, hopefully,
within the next week or so, there may be a buy signal...
On the weekly chart, the price is below the lower wb_Keltner channel, and
the slowd (14 weeks) remains below the oversold line. So essentially, on a
weekly basis, there isn't any turnaround situation yet.
But if one looks at the price history, one would notice that TLCV was as
high as $52 some time in July 1999. So IF eventually there is a
turnaround situation, it could be quite interesting...
Here's an extract from the Yahoo website on TLCV:
"TLC Laser Eye Centers, Inc., owns and manages eye care centers throughout
North America and, together with its network of eye care providers,
specializes in laser vision correction for common refractive vision
disorders such as myopia (nearsightedness), hyperopia (farsightedness) and
astigmatism. The Company also develops and manages regional networks of eye
doctors who refer patients to refractive centers and secondary care
centers. The Company has developed regional networks of over 7,000 doctors
who treat patients with eye care procedures at both refractive centers for
laser vision correction and secondary care centers for advanced eye care.
Since commencing operations in September 1993, TLC has opened or acquired
45 refractive centers and 17 secondary care centers in the United States
and Canada. A secondary care center is equipped for doctors to provide
advanced levels of eye care for the treatment of disorders such as
glaucoma, cataracts and retinal disorders."
For more info, please visit: http://quote.yahoo.com/q?s=tlcv&d=t
If you like to trade the stock in TSE, then please visit:
http://quote.yahoo.com/q?s=tlc.to&d=t
By the way, TLC.TO is one of the components that make up the Cdn Biotech
index.
Finally, TLCV has options traded. The symbol is QKR.
For options quotes, please visit:
http://www.tradepbs.com/cgi-bin/dbsclient?TYPE=F3&TAG=01QUOTEquote
Regards,
Wong
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