From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1809 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, November 13 2001 Volume 02 : Number 1809 In this issue: Re: [CANSLIM] LLURs Re: [CANSLIM] My HGS Watch List Re: [CANSLIM] LLURs + Double Bottoms Re: [CANSLIM] LLURs + Double Bottoms ---------------------------------------------------------------------- Date: Tue, 13 Nov 2001 14:32:18 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] LLURs Good point, Bill. (BTW, I didn't buy AOL and YHOO on these breakouts, just remember them as good examples) Whether it turns out to be LLUR, double bottoms, whatever, the best stocks just seem to be the one's fighting the hardest. There's lots of them including GNSS, MSCC, NVDA, which have been trying, even though the rest of tech, the rest of their industry, and the rest of the market have been going down down down. Maybe these three examples will give up the ghost in the end, but they get my attention for their fortitude, no matter the label for their technical pattern. Katherine - ----- Original Message ----- From: "Bill Triffet" To: Sent: Tuesday, November 13, 2001 1:51 PM Subject: Re: [CANSLIM] LLURs > > ----- Original Message ----- > From: "Katherine Malm" > To: > Sent: Tuesday, November 13, 2001 10:55 AM > Subject: Re: [CANSLIM] LLURs > > > > I'd agree, Norm. This is the perfect environment for LLUR's. Most common > to > > find them in new bulls. If the market hadn't been suffering, most often, > > these stocks would have broken out of more traditional patterns like flat > > bases or C&H. Solid breakouts from these patterns are more often than not > > the strongest players going into a new upswing. If I remember right, YHOO > > and AOL emerged from these patterns coming out of the correction in late > > '98. > > I seem to remember my best breakouts in late'98 were from double bottoms > (related to the drop in early Oct of that year). I would expect to see more > of these also. > > -Bill Triffet > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 13 Nov 2001 15:46:37 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] My HGS Watch List This is a multi-part message in MIME format. - ------=_NextPart_000_00B6_01C16C5A.61242620 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tim, Noticed you have PECS on your watchlist as well. What do you make of the = high volume action between about 10/26 and 11/13? Would you write that = off as part of the base or would you see it as distributive churning? Katherine kmalm@earthlink.net Attached as an Excel spreadsheet & HTML.=20 - ------=_NextPart_000_00B6_01C16C5A.61242620 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tim,
 
Noticed you have PECS on your watchlist = as well.=20 What do you make of the high volume action between about 10/26 and = 11/13? Would=20 you write that off as part of the base or would you see it as = distributive=20 churning?
 
Katherine
kmalm@earthlink.net
Attached as an Excel spreadsheet & HTML.
 
<snip>
- ------=_NextPart_000_00B6_01C16C5A.61242620-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 13 Nov 2001 16:27:48 -0600 From: Gene Ricci Subject: Re: [CANSLIM] LLURs + Double Bottoms This is a multi-part message in MIME format. - ------=_NextPart_000_0C30_01C16C60.21A7CD70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, I have no doubt that pure CANSLIM will work in an upward = trending market, once it is clearly established. I also know that if the = market continues as it has, CANSLIM is not the answer. I believe that = the IBD/DGO RS data is too slow and the Grp RS slower yet. IBD just = started to graduate their A/D ratings and hopefully they'll do the same = for RS/GrpRS. I also believe in market cycles and know that technology is about to = come in favor. My goal is to identify the best companies in 4 or 5 = industries (competitive advantage, good management, customer acceptance, = new products, blah, blah) .... and because of the last year or so ... = disregard current EPS and RS ratings.. because they'll change = drastically once the orders start rolling in. Back to darts... if one started CANSLIM in 1998 or 1999 most of their = darts managed to find good companies and stuck.... if however someone = started in 2000 (and are still with us) they are wondering what happened = to their darts.... they fall out just when one reaches for a little = profit. In addition to recent trading (since August) of fallen angels, the only = trading style that has really worked for me in 2001 is Swing Trading = with an average 3 day holding period. My watchlist comes from stocks = with =3D> ratings of EPS 77; RS 60 and SMR B. Prefer Fallen Angels over Bottom Fishing even though I've caught = hundreds of fresh water striped bass (prized game fish) in Lake = Texoma... with the bait just 3 turns off the bottom. Gene =20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 2:23 PM Subject: Re: [CANSLIM] LLURs + Double Bottoms Gene, I think the difference might be, however--do the darts or the = "good stocks in the right industries emerging from sound bases" give the = most consistent returns over time. If you believe it to be darts, then = you believe in the efficient market hypothesis. If you believe in the = efficient market hypothesis, then you do not believe that a person can = consistently generate excess returns on the market. If that is so, then = why would a person bother to invest in individual stocks at all? This is = not meant as any indictment of you personally by any means, just that a = comment like that seems to negate the whole reason that we choose to = follow a particular trading style--CANSLIM. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 2:06 PM Subject: Re: [CANSLIM] LLURs + Double Bottoms I seem to remember that throwing darts at the IBD newspaper produced = great winners during that time period. Almost like throwing darts at a = list of 'fallen angels' over the past 3 weeks. ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 1:51 PM Subject: Re: [CANSLIM] LLURs ----- Original Message ----- From: "Katherine Malm" To: Sent: Tuesday, November 13, 2001 10:55 AM Subject: Re: [CANSLIM] LLURs > I'd agree, Norm. This is the perfect environment for LLUR's. = Most common to > find them in new bulls. If the market hadn't been suffering, = most often, > these stocks would have broken out of more traditional patterns = like flat > bases or C&H. Solid breakouts from these patterns are more often = than not > the strongest players going into a new upswing. If I remember = right, YHOO > and AOL emerged from these patterns coming out of the correction = in late > '98. I seem to remember my best breakouts in late'98 were from double = bottoms (related to the drop in early Oct of that year). I would expect = to see more of these also. -Bill Triffet - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0C30_01C16C60.21A7CD70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine, I have no doubt that pure = CANSLIM=20 will work in an upward trending market, once it is clearly established. = I also=20 know that if the market continues as it has,  CANSLIM = is not the=20 answer. I believe that the IBD/DGO RS data is too slow and the Grp = RS=20 slower yet. IBD just started to graduate their A/D ratings and hopefully = they'll=20 do the same for RS/GrpRS.
 
I also believe in market cycles and = know that=20 technology is about to come in favor. My goal is to identify the = best=20 companies in 4 or 5 industries (competitive advantage, good management, = customer=20 acceptance, new products, blah, blah) .... and because of the last year = or so=20 ... disregard current EPS and RS ratings.. because they'll=20 change drastically once the orders start rolling in.
 
Back to darts... if one started = CANSLIM in 1998=20 or 1999 most of their darts managed to find good companies and = stuck.... if=20 however someone started in 2000 (and are still with us) they are = wondering what=20 happened to their darts.... they fall out just when one reaches for a = little=20 profit.
 
In addition to recent trading (since = August) of=20 fallen angels, the only trading style that has really worked for me in = 2001 is=20 Swing Trading with an average 3 day holding period. My watchlist = comes from=20 stocks with  =3D> ratings of EPS 77; RS 60 and=20 SMR B.
 
Prefer Fallen Angels over Bottom = Fishing even=20 though I've caught hundreds of fresh water striped bass (prized = game fish)=20 in Lake Texoma... with the bait just 3 turns off the = bottom.
 
Gene
 
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Tuesday, November 13, = 2001 2:23=20 PM
Subject: Re: [CANSLIM] LLURs + = Double=20 Bottoms

Gene, I think the difference might = be,=20 however--do the darts or the "good stocks in the right industries = emerging=20 from sound bases" give the most consistent returns over time. If you = believe=20 it to be darts, then you believe in the efficient market hypothesis. = If you=20 believe in the efficient market hypothesis, then you do not believe = that a=20 person can consistently generate excess returns on the market. If that = is so,=20 then why would a person bother to invest in individual stocks at all? = This is=20 not meant as any indictment of you personally by any means, just that = a=20 comment like that seems to negate the whole reason that we choose to = follow a=20 particular trading style--CANSLIM.
 
Katherine
----- Original Message -----
From:=20 Gene = Ricci
Sent: Tuesday, November 13, = 2001 2:06=20 PM
Subject: Re: [CANSLIM] LLURs = + Double=20 Bottoms

I seem to remember that throwing = darts at=20 the IBD newspaper produced great winners during that time period. = Almost=20 like throwing darts at a list of 'fallen angels' over the past 3=20 weeks.
 
 
----- Original Message ----- =
From:=20 Bill=20 Triffet
To: canslim@lists.xmission.com= =20
Sent: Tuesday, November 13, = 2001 1:51=20 PM
Subject: Re: [CANSLIM] = LLURs


----- Original Message -----
From: = "Katherine Malm"=20 <kmalm@earthlink.net>
To:=20 <canslim@lists.xmission.com= >
Sent:=20 Tuesday, November 13, 2001 10:55 AM
Subject: Re: [CANSLIM]=20 LLURs


> I'd agree, Norm. This is the perfect = environment for=20 LLUR's. Most common
to
> find them in new bulls. If the = market=20 hadn't been suffering, most often,
> these stocks would have = broken=20 out of more traditional patterns like flat
> bases or = C&H. Solid=20 breakouts from these patterns are more often than not
> the=20 strongest players going into a new upswing. If I remember right,=20 YHOO
> and AOL emerged from these patterns coming out of the = correction in late
> '98.

I seem to remember my best=20 breakouts in late'98 were from double bottoms
(related to the = drop=20 in  early Oct of that year). I would expect to see more
of = these=20 also.

-Bill Triffet


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
- ------=_NextPart_000_0C30_01C16C60.21A7CD70-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 13 Nov 2001 16:49:54 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] LLURs + Double Bottoms This is a multi-part message in MIME format. - ------=_NextPart_000_00EE_01C16C63.388E5A60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Looks like we're of like mind on much of this. I was having a similar = discussion with someone just today and would like to speak to the idea = of CANSLIM as a trading style. The CANSLIM approach comes at a cost. That is, it is a growth stock = investing strategy plain and simple. It says that if you're going to = make a lot of money on a stock, you want to get it when its growth rate = is accelerating. That means that, if you discount that future = accelerating earnings stream to the present, this stock should have a = higher price than a stock that has a low or decelerating growth rate. = Furthermore, the price should appreciate at a faster rate as more = information becomes known about the company, its products and its = markets. As a result, the downside to CANSLIM is that if the majority of = stocks in the market are experiencing decelerating growth rates, the = universe of stocks that you can pick from greatly diminishes. Thus, the = "M" in CANSLIM. WON always says "stay out of the market" when stocks are declining. What = he's saying is, you can't apply CANSLIM as easily when the majority of = the stocks are going down. Why? Because macroevents are driving up = interest rates and/or inflation and these combine to wreak havoc on a = company's earnings. Add that to an environment where people were = mispricing stocks to the upside and you have a recipe for disaster =3D = Big Bad Bear. Plain and simple, but I don't think most people get that, = and certainly not if they've just started investing in CANSLIM since = early 2000.=20 On the other hand, I think it's a disservice to categorize people = investing in '98 or '99, especially if they were new to CANSLIM, as = "throwing darts." While it may be true there were some who did, all the = while calling it CANSLIM because they were reading IBD, there is plenty = of evidence to show that there were many more who were doing their = fundamental homework on these companies and investing in them at the = right time using technicals. There seems to be plenty of people like = that here on the discussion list, and I'd like to think that's why = they're here. Going forward, I believe that the people who follow the = same CANSLIM discipline will outperform the market going forward. That's = not any different than what you are doing, selecting good companies in = good industries with good fundamentals.=20 Swing trading takes advantage of mispricing of stocks in a short period = of time. It works in any market, but it requires trading only on = technicals. A swing trader could care less what the industry is doing or = what the fundamentals are doing. The people who do this, including = yourself, make money when they stick to their discipline. For a CANSLIM = trader, however, the time frame is different. They are looking at = intermediate time periods and technical patterns within them. = Fundamentals matter here. So, during a period of time where earnings are = decelerating, they have the option of staying out of the market or = shorting former winners with deteriorating fundamentals. When the market finally turns in their favor, they will find winning = stocks with accelerating fundamentals and/or proven turnarounds.(One of = the "N"s). But the final move off the bottom is never a CANSLIM play. = The stuff moving off the bottom is either (1) grossly underpriced as a = result of overreaction to the events of 9/11, (2) big cap stocks that = have low growth rates, but are perceived as "safe" investments, (3) = familiar names that people rush to because they were "big winners" in = the last bull. Not a single one of those would qualify as a CANSLIM = stock! I think if people put that in perspective, they say, "I do not = participate in that move because to do so would cause me to act outside = my discipline." In the end, "luck" is about being prepared and taking = the right action when the opportunity presents itself. Respectfully, Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 4:27 PM Subject: Re: [CANSLIM] LLURs + Double Bottoms Katherine, I have no doubt that pure CANSLIM will work in an upward = trending market, once it is clearly established. I also know that if the = market continues as it has, CANSLIM is not the answer. I believe that = the IBD/DGO RS data is too slow and the Grp RS slower yet. IBD just = started to graduate their A/D ratings and hopefully they'll do the same = for RS/GrpRS. I also believe in market cycles and know that technology is about to = come in favor. My goal is to identify the best companies in 4 or 5 = industries (competitive advantage, good management, customer acceptance, = new products, blah, blah) .... and because of the last year or so ... = disregard current EPS and RS ratings.. because they'll change = drastically once the orders start rolling in. Back to darts... if one started CANSLIM in 1998 or 1999 most of their = darts managed to find good companies and stuck.... if however someone = started in 2000 (and are still with us) they are wondering what happened = to their darts.... they fall out just when one reaches for a little = profit. In addition to recent trading (since August) of fallen angels, the = only trading style that has really worked for me in 2001 is Swing = Trading with an average 3 day holding period. My watchlist comes from = stocks with =3D> ratings of EPS 77; RS 60 and SMR B. Prefer Fallen Angels over Bottom Fishing even though I've caught = hundreds of fresh water striped bass (prized game fish) in Lake = Texoma... with the bait just 3 turns off the bottom. Gene ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 2:23 PM Subject: Re: [CANSLIM] LLURs + Double Bottoms Gene, I think the difference might be, however--do the darts or the = "good stocks in the right industries emerging from sound bases" give the = most consistent returns over time. If you believe it to be darts, then = you believe in the efficient market hypothesis. If you believe in the = efficient market hypothesis, then you do not believe that a person can = consistently generate excess returns on the market. If that is so, then = why would a person bother to invest in individual stocks at all? This is = not meant as any indictment of you personally by any means, just that a = comment like that seems to negate the whole reason that we choose to = follow a particular trading style--CANSLIM. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 2:06 PM Subject: Re: [CANSLIM] LLURs + Double Bottoms I seem to remember that throwing darts at the IBD newspaper = produced great winners during that time period. Almost like throwing = darts at a list of 'fallen angels' over the past 3 weeks. ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 1:51 PM Subject: Re: [CANSLIM] LLURs ----- Original Message ----- From: "Katherine Malm" To: Sent: Tuesday, November 13, 2001 10:55 AM Subject: Re: [CANSLIM] LLURs > I'd agree, Norm. This is the perfect environment for LLUR's. = Most common to > find them in new bulls. If the market hadn't been suffering, = most often, > these stocks would have broken out of more traditional = patterns like flat > bases or C&H. Solid breakouts from these patterns are more = often than not > the strongest players going into a new upswing. If I remember = right, YHOO > and AOL emerged from these patterns coming out of the = correction in late > '98. I seem to remember my best breakouts in late'98 were from double = bottoms (related to the drop in early Oct of that year). I would expect = to see more of these also. -Bill Triffet - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_00EE_01C16C63.388E5A60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Looks like we're of like mind on = much of this.=20 I was having a similar discussion with someone just today and would like = to=20 speak to the idea of CANSLIM as a trading style.
 
The CANSLIM approach comes at a cost. = That is, it=20 is a growth stock investing strategy plain and simple. It says that if = you're=20 going to make a lot of money on a stock, you want to get it when its = growth rate=20 is accelerating. That means that, if you discount that future = accelerating=20 earnings stream to the present, this stock should have a higher price = than a=20 stock that has a low or decelerating growth rate. Furthermore, the price = should=20 appreciate at a faster rate as more information becomes known about the = company,=20 its products and its markets. As a result, the downside to CANSLIM is = that if=20 the majority of stocks in the market are experiencing decelerating = growth rates,=20 the universe of stocks that you can pick from greatly diminishes. Thus, = the "M"=20 in CANSLIM.
 
WON always says "stay out of the = market" when=20 stocks are declining. What he's saying is, you can't apply CANSLIM as = easily=20 when the majority of the stocks are going down. Why? Because macroevents = are=20 driving up interest rates and/or inflation and these combine = to wreak=20 havoc on a company's earnings. Add that to an environment where people = were=20 mispricing stocks to the upside and you have a recipe for = disaster =3D Big=20 Bad Bear. Plain and simple, but I don't think most people get that, = and=20 certainly not if they've just started investing in CANSLIM since early = 2000.=20
 
On the other hand, I think it's a disservice to categorize people = investing=20 in '98 or '99, especially if they were new to CANSLIM, as "throwing = darts."=20 While it may be true there were some who did, all the while calling it = CANSLIM=20 because they were reading IBD, there is plenty of evidence to show that = there=20 were many more who were doing their fundamental homework on these = companies and=20 investing in them at the right time using technicals. There seems to be = plenty=20 of people like that here on the discussion list, and I'd like to think = that's=20 why they're here. Going forward, I believe that the people who = follow the=20 same CANSLIM discipline will outperform the market going forward. That's = not any=20 different than what you are doing, selecting good companies in good = industries=20 with good fundamentals.
 
Swing trading takes advantage of mispricing of stocks in a short = period of=20 time. It works in any market, but it requires trading only on = technicals. A=20 swing trader could care less what the industry is doing or what the = fundamentals=20 are doing. The people who do this, including yourself, make money when = they=20 stick to their discipline. For a CANSLIM trader, however, the time frame = is=20 different. They are looking at intermediate time periods and technical = patterns=20 within them. Fundamentals matter here. So, during a period of time where = earnings are decelerating, they have the option of staying out of the = market or=20 shorting former winners with deteriorating fundamentals.
 
When the market finally turns in their favor, they will find = winning stocks=20 with accelerating fundamentals and/or proven turnarounds.(One of the = "N"s). But=20 the final move off the bottom is never a CANSLIM play. The stuff moving = off the=20 bottom is either (1) grossly underpriced as a result of overreaction to = the=20 events of 9/11, (2) big cap stocks that have low growth rates, but are = perceived=20 as "safe" investments, (3) familiar names that people rush to because = they were=20 "big winners" in the last bull. Not a single one of those would qualify = as a=20 CANSLIM stock! I think if people put that in perspective, they say, "I = do not=20 participate in that move because to do so would cause me to act outside = my=20 discipline." In the end, "luck" is about being prepared and taking the = right=20 action when the opportunity presents itself.
 
Respectfully,
Katherine
 
 
----- Original Message -----
From:=20 Gene = Ricci
Sent: Tuesday, November 13, = 2001 4:27=20 PM
Subject: Re: [CANSLIM] LLURs + = Double=20 Bottoms

Katherine, I have no doubt that pure = CANSLIM=20 will work in an upward trending market, once it is clearly = established. I also=20 know that if the market continues as it has,  CANSLIM = is not=20 the answer. I believe that the IBD/DGO RS data is too slow and = the Grp RS=20 slower yet. IBD just started to graduate their A/D ratings and = hopefully=20 they'll do the same for RS/GrpRS.
 
I also believe in market cycles and = know that=20 technology is about to come in favor. My goal is to identify the = best=20 companies in 4 or 5 industries (competitive advantage, good = management,=20 customer acceptance, new products, blah, blah) .... and because of the = last=20 year or so ... disregard current EPS and RS ratings.. because they'll=20 change drastically once the orders start rolling in.
 
Back to darts... if one started = CANSLIM in=20 1998 or 1999 most of their darts managed to find good companies = and=20 stuck.... if however someone started in 2000 (and are still with us) = they are=20 wondering what happened to their darts.... they fall out just when one = reaches=20 for a little profit.
 
In addition to recent trading (since = August)=20 of fallen angels, the only trading style that has really worked for me = in 2001=20 is Swing Trading with an average 3 day holding period. My = watchlist comes=20 from stocks with  =3D> ratings of EPS 77; RS 60 and=20 SMR B.
 
Prefer Fallen Angels over Bottom = Fishing even=20 though I've caught hundreds of fresh water striped bass (prized = game=20 fish) in Lake Texoma... with the bait just 3 turns off the=20 bottom.
 
Gene
 
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Tuesday, November 13, = 2001 2:23=20 PM
Subject: Re: [CANSLIM] LLURs = + Double=20 Bottoms

Gene, I think the difference might = be,=20 however--do the darts or the "good stocks in the right industries = emerging=20 from sound bases" give the most consistent returns over time. If you = believe=20 it to be darts, then you believe in the efficient market hypothesis. = If you=20 believe in the efficient market hypothesis, then you do not believe = that a=20 person can consistently generate excess returns on the market. If = that is=20 so, then why would a person bother to invest in individual stocks at = all?=20 This is not meant as any indictment of you personally by any means, = just=20 that a comment like that seems to negate the whole reason that we = choose to=20 follow a particular trading style--CANSLIM.
 
Katherine
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, November 13, = 2001 2:06=20 PM
Subject: Re: [CANSLIM] = LLURs + Double=20 Bottoms

I seem to remember that throwing = darts at=20 the IBD newspaper produced great winners during that time period. = Almost=20 like throwing darts at a list of 'fallen angels' over the past 3=20 weeks.
 
 
----- Original Message ----- =
From:=20 Bill Triffet
To: canslim@lists.xmission.com= =20
Sent: Tuesday, November = 13, 2001=20 1:51 PM
Subject: Re: [CANSLIM] = LLURs


----- Original Message -----
From: = "Katherine=20 Malm" <kmalm@earthlink.net>
To:=20 <canslim@lists.xmission.com= >
Sent:=20 Tuesday, November 13, 2001 10:55 AM
Subject: Re: [CANSLIM]=20 LLURs


> I'd agree, Norm. This is the perfect = environment=20 for LLUR's. Most common
to
> find them in new bulls. If = the=20 market hadn't been suffering, most often,
> these stocks = would=20 have broken out of more traditional patterns like flat
> = bases or=20 C&H. Solid breakouts from these patterns are more often than = not
> the strongest players going into a new upswing. If I = remember right, YHOO
> and AOL emerged from these patterns = coming=20 out of the correction in late
> '98.

I seem to = remember my=20 best breakouts in late'98 were from double bottoms
(related = to the=20 drop in  early Oct of that year). I would expect to see = more
of=20 these also.

-Bill Triffet


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.
- ------=_NextPart_000_00EE_01C16C63.388E5A60-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1809 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.