FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, JANUARY 7TH, 2011

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Indices				NYSE			Nasdaq
DOW	-22.55	11,674.76	-0.19%	Volume	1,089,494,450	-1%	Volume	1,992,420,859	-6%
NASDAQ	-6.72	2,703.17	-0.25%	Advancers	1,303	42%	Advancers	968	35%
S&P 500	-2.35	1,271.50	-0.18%	Decliners	1,661	54%	Decliners	1,644	60%
Russell 2000	-3.59	787.83	-0.45%	52 Wk Highs	146		52 Wk Highs	145
S&P 600	-2.00	416.06	-0.48%	52 Wk Lows	10		52 Wk Lows	6

S&P 500 and Dow Industrials Post 6th Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major averages stumbled to modest losses on Friday to trim the market's weekly advance. For the week, the Dow Jones Industrial Average was up +0.8%, the S&P 500 index gained +1.1%, and the Nasdaq Composite Index rose +1.9%. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange, and total number of NYSE and Nasdaq new lows were in the single digits. There was a total of 59 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from 76 on the prior session. There were gains posted by 12 out of the 27 high-ranked leaders now listed on the Featured Stocks Page, and the best gainer among them was Camelot Info Systems Ads (CIS +10.23%).

Financial stocks were hit by a court ruling that could slow the mortgage clean-up process nationwide. Massachusetts' highest court voided two foreclosures because the banks could not prove they held the mortgages. The market is also struggling to reconcile disappointing growth in December jobs with a drop in the unemployment rate. Revisions of October and November numbers more than offset the December data. A surprising decline in the December unemployment rate to 9.4% was credited to a diminishing overall workforce.

Fed Chairman Ben Bernanke told the Senate Budget Committee that the Feds bond buying program is justified because the decline in the unemployment rate is likely to be slow. A report on consumer credit late in the day coincided with a late market comeback. Consumers increased the amount of money they borrowed in November to buy cars and attend college, marking the first back-to-back gains in consumer credit in more than two years.

The CANSLIM.net Q4 2010 Webcast is now available for "ON DEMAND" viewing via the highlighted link near the top of the Premium Member Homepage along with the new January 2011 issue of CANSLIM.net News!

PICTURED: The benchmark S&P 500 Index has rallied well above prior highs and its 50-day moving average (DMA) line which define support to watch.

Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.

Semiconductor Index Rallied To New 52-Week High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.94%) and Broker/Dealer Index ($XBD -0.42%) backpedaled and the Retail Index ($RLX -0.23%) also suffered a modest loss that weighed on the major averages. The tech sector also had a negative bias as the Networking Index ($NWX -0.36%), Internet Index ($IIX -0.22%), and Biotechnology Index ($BTK -0.07%) edged lower while the Semiconductor Index ($SOX +0.23%) posted a small gain. The Healthcare Index ($HMO +0.91%), which was shown in the prior commentary (read here), continued to rally while the new Congress is aiming to undo new healthcare legislation. The Oil Services Index ($OSX +1.65%) was a standout gainer.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.23%) rallied to new 52-week highs this week.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	243.96	+3.96	+1.65%	-0.00%
Healthcare	$HMO	1,789.30	+16.10	+0.91%	+0.06%
Integrated Oil	$XOI	1,216.79	+0.08	+0.01%	+0.00%
Semiconductor	$SOX	425.76	+0.99	+0.23%	+0.03%
Networking	$NWX	294.67	-1.05	-0.36%	+0.05%
Internet	$IIX	317.41	-0.71	-0.22%	+0.03%
Broker/Dealer	$XBD	123.97	-0.52	-0.42%	+0.02%
Retail	$RLX	499.81	-1.15	-0.23%	-0.02%
Gold & Silver	$XAU	211.30	+0.31	+0.15%	-0.07%
Bank	$BKX	52.88	-0.50	-0.94%	+0.01%
Biotech	$BTK	1,307.55	-0.93	-0.07%	+0.01%

Tight Consolidation For Strong Software Giant
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Oracle Corp (ORCL -$0.14 or -0.45% to $31.03) has been consolidating in a tight range in recent weeks, extended from any sound base. It was last analyzed in this FSU section with an annotated graph on 11/18/10 under the headline "Recent Support Found Near 50-Day Average" and during the broader market's November pullback it later fell below that important short-term average yet found support near its old resistance level. It has maintained a strong annual earnings (A criteria) history and sales revenues and earnings increases showed impressive acceleration in its most recent quarterly comparisons, satisfying the C criteria. Its large supply of 5.05 billion shares outstanding makes it an unlikely sprinter. It is also already heavily owned by funds. However, no overhead supply remains to hinder its progress, and its current Up/Down Volume Ratio of 1.2 is still providing an unbiased indication of institutional accumulation.

It would not be considered a proper "3-weeks tight" or "4-weeks tight" type pattern now. That type of advanced chart pattern requires a significant run up in price prior to 3 tight weekly closes, for example, if the stock had rallied 70-100% or more in the prior 9-16 weeks without any sufficient consolidation periods.

When ORCL was featured in yellow in the 9/20/10 mid-day report (read here) it had triggered a technical buy signal with a "breakaway gap" with 5 times average volume behind its considerable 9/17/10 gain. This FSU section headline announced "Big-Cap Tech Firm is Technically and Fundamentally Strong"

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
ABV - NYSE Comp De Bebidas Adr FOOD and BEVERAGE - Beverages - Brewers	$30.20	-0.35 -1.15%	$30.86	2,437,643 93.11% of 50 DAV 50 DAV is 2,618,000	$32.00 -5.63%	12/10/2010	$139.87	PP = $145.46
								MB = $152.73
Most Recent Note - 1/5/2011 6:03:27 PM G - Pulling back from its all-time high. Prior highs in the $29 area define important chart support to watch above its 50 DMA line. Do not be confused by the 5:1 split impacting its share price as of 12/28/10. (Previous data concerning Featured Price and Pivot Point will soon be adjusted). >>> The latest Featured Stock Update with an annotated graph appeared on 12/3/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ARUN - NASDAQ Aruba Networks Inc COMPUTER HARDWARE - Networking andamp; Communication Dev	$23.32	-0.43 -1.81%	$23.96	1,517,786 63.04% of 50 DAV 50 DAV is 2,407,600	$24.28 -3.95%	1/3/2011	$22.55	PP = $24.38
								MB = $25.60
Most Recent Note - 1/6/2011 5:12:44 PM Y - Today's 4th consecutive gain led to a close -2.2% off its all-time high. Subsequent gains above its new pivot point with at least +50% above average volume may trigger a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/14/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$59.85	-3.17 -5.03%	$62.93	17,572 76.07% of 50 DAV 50 DAV is 23,100	$64.09 -6.62%	11/22/2010	$59.97	PP = $62.00
								MB = $65.10
Most Recent Note - 1/7/2011 2:40:05 PM G - Down today without great volume conviction, violating recent lows and its 50 DMA line near $61, raising concerns. Slightly higher volume in the past week without meaningful price progress was noted as a sign of mild distributional pressure. >>> The latest Featured Stock Update with an annotated graph appeared on 12/20/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CIS - NYSE Camelot Info Systems Ads COMPUTER SOFTWARE andamp; SERVICES - Information Technology Service	$26.73	+2.48 10.23%	$27.14	1,323,598 312.39% of 50 DAV 50 DAV is 423,700	$25.50 4.82%	11/26/2010	$18.93	PP = $19.72
								MB = $20.71
Most Recent Note - 1/7/2011 12:44:16 PM G - Considerable gain today with heavy volume for a new all-time high. No resistance remains due to overhead supply after a choppy 5-week consolidation above prior highs and its 50 DMA line. On 12/09/10 it completed a Secondary Offering, after it was up considerably from its July 2010 IPO at $11. >>> The latest Featured Stock Update with an annotated graph appeared on 11/26/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CMG - NYSE Chipotle Mexican Grill LEISURE - Restaurants	$224.26	-2.24 -0.99%	$227.98	593,152 58.65% of 50 DAV 50 DAV is 1,011,400	$262.78 -14.66%	9/1/2010	$158.31	PP = $155.52
								MB = $163.30
Most Recent Note - 1/6/2011 4:16:02 PM G - Gapped up today, rising near its 50 DMA line but closing near the session low. Recent violations triggered technical sell signals hinting it may be due for a longer and deeper consolidation, while subsequent gains above its short-term average would help its outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 12/17/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
DECK - NASDAQ Deckers Outdoor Corp CONSUMER NON-DURABLES - Textile - Apparel Footwear	$78.29	-0.49 -0.62%	$79.59	1,098,588 55.41% of 50 DAV 50 DAV is 1,982,600	$87.88 -10.91%	10/27/2010	$54.16	PP = $54.86
								MB = $57.60
Most Recent Note - 1/5/2011 6:11:40 PM G - Consolidating in recent weeks, extended from a sound base, and still well above its 50 DMA line that defines support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/16/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
EZCH - NASDAQ Ezchip Semiconductor Ltd ELECTRONICS - Semiconductor - Specialized	$31.50	-0.07 -0.22%	$31.81	372,173 136.68% of 50 DAV 50 DAV is 272,300	$31.65 -0.47%	12/2/2010	$27.53	PP = $26.00
								MB = $27.30
Most Recent Note - 1/6/2011 4:37:32 PM G - Hit another new 52-week high today with a 4th consecutive gain backed by above average volume. Prior chart highs in the $29 area define initial support to watch well above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 12/2/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$27.84	-0.23 -0.82%	$28.27	267,001 73.64% of 50 DAV 50 DAV is 362,600	$28.75 -3.17%	11/5/2010	$24.02	PP = $23.85
								MB = $25.04
Most Recent Note - 1/5/2011 6:13:07 PM G - Hovering only -2.8% off its 52-week high and near its best ever close. Extended from a sound base pattern, its 50 DMA line defines important support. >>> The latest Featured Stock Update with an annotated graph appeared on 12/29/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FFIV - NASDAQ F 5 Networks Inc INTERNET - Internet Software and Services	$138.35	+0.28 0.20%	$139.00	1,305,058 48.22% of 50 DAV 50 DAV is 2,706,700	$143.75 -3.76%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 1/5/2011 6:17:22 PM G - Closed near the session high today perched -4.5% off its 52-week high. Recent lows define chart support just above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 12/28/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$71.90	+1.37 1.94%	$72.00	813,196 103.99% of 50 DAV 50 DAV is 782,000	$74.34 -3.28%	11/26/2010	$69.10	PP = $70.17
								MB = $73.68
Most Recent Note - 1/6/2011 4:28:05 PM Y - Down today on above average volume, a sign of mild distributional pressure while consolidating just above its 50 DMA line. An upward trendline connecting its July - October lows also defines a support level to watch near its short-term average. Subsequent violations may trigger sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 11/29/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
HMSY - NASDAQ H M S Holdings Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$63.80	+0.15 0.24%	$64.00	204,554 104.85% of 50 DAV 50 DAV is 195,100	$67.10 -4.92%	11/19/2010	$61.89	PP = $63.01
								MB = $66.16
Most Recent Note - 1/6/2011 4:31:58 PM G - Loss today with higher volume is a sign of distributional pressure while consolidating just above its 50 DMA line following a negative reversal on 12/22/10. Its waning Relative Strength rank has been noted as a concern. See the latest FSU analysis for additional details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 1/3/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
JOBS - NASDAQ Fifty One Job Inc Ads DIVERSIFIED SERVICES - Staffing and; Outsourcing Service	$53.25	+0.76 1.45%	$53.93	140,821 83.97% of 50 DAV 50 DAV is 167,700	$55.50 -4.05%	10/13/2010	$42.07	PP = $40.60
								MB = $42.63
Most Recent Note - 1/5/2011 6:23:50 PM G - Consolidating just above its 50 DMA line, just -7% off its 52-week high. Volume totals have recently been cooling. It has not formed a sound new base, only consolidating for the past 4 weeks after recently challenging its all-time high near $55 from 2004. >>> The latest Featured Stock Update with an annotated graph appeared on 12/30/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$67.00	+0.01 0.01%	$67.71	1,168,697 66.27% of 50 DAV 50 DAV is 1,763,600	$74.60 -10.19%	10/8/2010	$47.66	PP = $46.67
								MB = $49.00
Most Recent Note - 1/6/2011 4:20:45 PM G - Gapped down today and erased the prior session's gain, ending at its lowest close since quietly peaking on 12/20/10. It is extended from its 50 DMA line and more time is needed for a potential new base to form. >>> The latest Featured Stock Update with an annotated graph appeared on 12/1/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$65.86	+0.40 0.61%	$66.82	63,733 121.17% of 50 DAV 50 DAV is 52,600	$65.92 -0.09%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 1/5/2011 6:27:07 PM G - Gain today with above average volume helped it finish 3 cents below its best ever close. Its 50 DMA line defines support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/21/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NEOG - NASDAQ Neogen Corp DRUGS - Diagnostic Substances	$38.95	-0.05 -0.13%	$39.16	137,704 146.03% of 50 DAV 50 DAV is 94,300	$43.14 -9.71%	9/1/2010	$30.79	PP = $30.49
								MB = $32.01
Most Recent Note - 1/6/2011 4:43:20 PM G - Down today for a 3rd consecutive loss with above average volume. Slumping near its 50 DMA line which has been a reliable support level during past consolidations. >>> The latest Featured Stock Update with an annotated graph appeared on 12/6/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$179.30	+1.31 0.74%	$180.55	3,165,128 53.66% of 50 DAV 50 DAV is 5,898,000	$206.80 -13.30%	11/9/2010	$173.10	PP = $184.84
								MB = $194.08
Most Recent Note - 1/6/2011 4:46:12 PM G - Still quietly hovering near its 50 DMA line and recent lows defining near-term support. More damaging losses could trigger more serious technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 11/24/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NTAP - NASDAQ Netapp Inc COMPUTER HARDWARE - Data Storage Devices	$57.20	-0.29 -0.50%	$57.75	4,176,172 74.03% of 50 DAV 50 DAV is 5,641,300	$58.64 -2.46%	1/6/2011	$57.49	PP = $58.06
								MB = $60.96
Most Recent Note - 1/6/2011 5:01:46 PM Y - Touched a new high quietly and then reversed into the red today. Color code is changed to yellow with new pivot point cited based on its 11/10/10 high plus 10 cents. Gains with +50% above average volume, ideally even greater volume, are needed behind a gain above its pivot point to trigger a convincing technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/27/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
OPEN - NASDAQ Opentable Inc INTERNET - Internet Software and Services	$78.64	+2.54 3.34%	$79.15	1,635,563 198.20% of 50 DAV 50 DAV is 825,200	$76.50 2.80%	1/5/2011	$74.05	PP = $76.79
								MB = $80.63
Most Recent Note - 1/7/2011 1:00:37 PM Y - Off its earlier highs after gapping up today and trading above its pivot point following 2 consecutive volume-driven gains. It was featured in yellow in the 1/05/10 mid-day report and covered in greater detail with a fresh annotated graph in the Featured Stock Update section. >>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ORCL - NASDAQ Oracle Corp COMPUTER SOFTWARE and SERVICES - Application Software	$31.03	-0.14 -0.45%	$31.34	27,697,431 97.86% of 50 DAV 50 DAV is 28,302,800	$32.27 -3.84%	12/7/2010	$29.05	PP = $29.92
								MB = $31.42
Most Recent Note - 1/5/2011 6:39:26 PM G - Volume picked up behind today's loss as it closed below its "max buy" level near the session low, yet only -3.8% off its 52-week high. Support to watch is at prior chart highs and its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 1/7/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
PAY - NYSE Verifone Systems Inc COMPUTER HARDWARE - Transaction Automation Systems	$41.69	+0.10 0.24%	$42.54	1,396,118 96.16% of 50 DAV 50 DAV is 1,451,800	$41.82 -0.31%	11/29/2010	$33.96	PP = $36.04
								MB = $37.84
Most Recent Note - 1/5/2011 6:40:15 PM G - Powered higher on slightly above average volume for its best ever close. It has not formed a sound base. Prior high in the $36 area coincides with its 50 DMA line defining important near-term chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/15/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$440.59	+3.27 0.75%	$441.89	1,098,781 104.72% of 50 DAV 50 DAV is 1,049,300	$441.54 -0.22%	11/1/2002	$399.55	PP = $428.20
								MB = $449.61
Most Recent Note - 1/6/2011 4:39:22 PM Y - Hit another new high today with a second consecutive volume-driven gain. Its considerable gain on 1/05/11 with heavy volume confirmed a technical buy signal as it rallied above the pivot point cited in the January 2011 CANSLIM.net News with detailed analysis and annotated daily and weekly graphs (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 1/2/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$31.06	-0.18 -0.58%	$31.48	1,099,492 61.72% of 50 DAV 50 DAV is 1,781,400	$32.69 -4.99%	9/21/2010	$22.84	PP = $23.61
								MB = $24.79
Most Recent Note - 1/6/2011 4:33:57 PM G - Loss today with above average volume was a sign of more distribution. No resistance remains due to overhead supply, but it has not formed a sound new base pattern of sufficient length. >>> The latest Featured Stock Update with an annotated graph appeared on 12/31/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$62.78	-1.08 -1.69%	$63.75	2,899,797 232.99% of 50 DAV 50 DAV is 1,244,600	$67.00 -6.30%	10/29/2010	$49.99	PP = $53.10
								MB = $55.76
Most Recent Note - 1/7/2011 1:13:54 PM G - Pulling back from its 52-week high. Above average and ever-increasing volume behind a streak of 8 consecutive gains has it now extended from a sound base. Its recent high near $58.50 and its 50 DMA line define chart support levels to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
SHOO - NASDAQ Steven Madden Limited CONSUMER NON-DURABLES - Textile - Apparel Footwear	$41.05	-0.30 -0.73%	$41.53	239,064 63.45% of 50 DAV 50 DAV is 376,800	$47.69 -13.92%	11/23/2010	$44.61	PP = $44.95
								MB = $47.20
Most Recent Note - 1/6/2011 5:18:20 PM G - Reversed for a loss after initially rallying up near its 50 DMA line today. Technical damage has raised concerns, while prior highs near $40 define the next chart support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 1/4/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
SLW - NYSE Silver Wheaton Corp METALS and; MINING - Silver	$33.51	-0.68 -1.99%	$35.14	20,057,249 188.42% of 50 DAV 50 DAV is 10,644,700	$42.34 -20.85%	8/25/2010	$21.40	PP = $21.99
								MB = $23.09
Most Recent Note - 1/7/2011 7:38:02 PM G - Slumped further below its 50 DMA line and violated the prior lows with a damaging loss on 2 times average volume, triggering technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 12/8/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$53.55	-1.09 -1.99%	$54.80	618,753 87.32% of 50 DAV 50 DAV is 708,600	$60.14 -10.96%	9/9/2010	$39.99	PP = $40.10
								MB = $42.11
Most Recent Note - 1/5/2011 6:49:35 PM G - Volume totals have been cooling while consolidating just above its 50 DMA line defining important support. >>> The latest Featured Stock Update with an annotated graph appeared on 12/23/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$37.55	+0.37 1.00%	$38.25	801,529 150.64% of 50 DAV 50 DAV is 532,100	$37.48 0.18%	1/6/2011	$36.12	PP = $37.34
								MB = $39.21
Most Recent Note - 1/7/2011 1:33:52 PM Y - Hit another new 52-week high today, yet it is off earlier highs above its pivot point. Convincing gains and a strong close above the pivot point with at least +50% above average volume could trigger a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 1/6/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M

Subscriber Questions:

December 23, 2011

Dear Ken,

I have been watching LULU and I dont understand what shares outstanding really means I know its an important varible when it comes to supply, but the CANSLIM screen notes 71M shares outstanding, but in parenthesis it identifies 52M Whats the difference? Is the second number the real supply amount? Thanks. Andy

Ken's Response:

January 5, 2011

Dear Andy,

Thanks for bringing up Shares Outstanding, which concerns the S criteria of the fact-based system!

Below is the definition provided by dailygraphs.com concerning Shares Outstanding as they display it and you see in the annotated graphs we include in CANSLIM.net's reports available to those like you with a membership UPGRADE. (Thanks!)

Shares Outstanding

The number of shares issued for trade in the open market. The figure includes restricted shares held by corporate officers and insiders, but does not include shares repurchased by the company.

In the situation where a company has more one class of common stock, we will modify the display to reflect two sets of numbers. The first number is a summation of all common share classes. The number which follows in parentheses represents the number of common shares for the primary class.

Example: “Shares Outstanding 250 Mil(150 Mil)”

250 Mil = Summation of shares in all common stock classes;
(150 Mil) = Number of primary class common shares

The difference between the two figures represents the secondary class(es) of common stock.

Float is really what defines current "supply" of shares in public circulation, as my annotation on the attached weekly graph for LULU shows. Large positions held by Insiders or Institutional investors may sometimes be subject to lock-up periods based on securities industry regulations designed to keep companies from issuing new shares and then having those who bought the new shares dump them on the market and unfairly dilute the value of shares already out in circulation.

Even when the restriction on those Outstanding shares is lifted, Insiders still are subject to limits on how much they can legally sell in a certain period of time. Usually they care about preserving shareholder value due to the size of their holdings, and it is typical for them to get the help of an underwriting broker/dealer firm to place a Secondary Offering when time has passed and they can lift the restriction.

With all obvious concerns about the damaging effects of dilution considered, the upshot on Secondary Offerings is that when they are completed the end result is typically an increase in the total number of institutional owners. Institutional owners are often supportive of their existing positions and will even accumulate more shares when they consolidate near classic support levels like the 50 and 200 DMA lines, if they are still believers in the company. If too many become pessimistic and decide to unload, this is what ends up sending the stocks slicing through support Please let me know if there is any way I can be more helpful to you in your efforts.

Best regards,

Kenneth J. Gruneisen
Founder & Contributing Writer for CANSLIM.net
www.canslim.net

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