RE: [CANSLIM] Devil's Advocate: Why bother with fundamentals?

From: "Tangen, Eric" <tangene@tycoelectronics.com>
Subject: RE: [CANSLIM] Devil's Advocate: Why bother with fundamentals?
Date: Wed, 19 Dec 2001 12:24:01 -0500

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Both BREL and INVN have gone from 200+ days for the float to turnover to
less than 20 in a very, very short period of time. INVN is probably less
than 5 right now...so an entry you won't get stopped out at might be a 6 day
low or a 6 day close...just something to think about.

For INVN, the delta in float turnover occured immediately on the day the
market opened after the attack.

For BREL, this occurred from 10/8-10/12.

float turnover = sum up volume from today back. Stop when that sum equals
the float. Record the number of days it took for this sum to equal the float
as the float turnover for today. 

(Let's wait and see if any of this shows up in Investor Corner.)

Eric Tangen



<snip>

Just look at INVN recently. Did it make sense that it went parabolic? I
don't think so. Did it continue to go up in price *despite* the fact that
early in that parabolic rise we thought the probability that it could
continue the move for another week was very low? Did it make sense for BREL
to break out of that 7 week
C&H a few days ago? 
<snip>
Katherine

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