Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] "M"
Date: Thu, 14 Feb 2002 08:53:21 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0019_01C1B535.0E378BE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit "But hey, the economy is looking better, at least." I would be very careful about buying the cheerleaders line that the economy is getting better. Look at the underlying numbers closely. Remember the old adage . . . Liars figure and statistics lie! Businesses are in business to make a profit, supposedly. The retail sales boom according to my friends in the retail industry were at extremely low margins. And I totally agree, the volume is not convincing. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Thursday, February 14, 2002 8:19 AM To: canslim@lists.xmission.com Subject: [CANSLIM] "M" Looks like the only index to be close to even average daily volume on yesterday's nice gains was the Russell 2000 (about time, I say!!!). I agree with Tim, I want to see some serious break out type volume before I assume that we have a follow thru day. Volume for the indexes was up from the prior day, but not convincing. Very tentative. But hey, the economy is looking better, at least. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0019_01C1B535.0E378BE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2712.300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D540195014-14022002>"<FONT=20 color=3D#000000 size=3D3>But hey, the economy is looking better, at=20 least."</FONT></SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D540195014-14022002><FONT=20 color=3D#000000 size=3D3></FONT></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D540195014-14022002><FONT=20 color=3D#000000 size=3D3>I would be very careful about buying the = cheerleaders line=20 that the economy is getting better. Look at the underlying numbers = closely.</FONT></SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D540195014-14022002><FONT=20 color=3D#000000 size=3D3></FONT></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D540195014-14022002><FONT=20 color=3D#000000 size=3D3>Remember the old adage . . . Liars figure = and=20 statistics lie!</FONT></SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D540195014-14022002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D540195014-14022002><FONT=20 color=3D#000000 size=3D3>Businesses are in business to make a = profit,=20 supposedly. The retail sales boom according to my friends in the = retail=20 industry were at extremely low margins.</FONT></SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D540195014-14022002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D540195014-14022002><FONT=20 color=3D#000000 size=3D3>And I totally agree, the volume is not=20 convincing.</FONT> </DIV> <DIV> </DIV></SPAN></FONT> <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT = face=3DTahoma=20 size=3D2>-----Original Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Tom=20 Worley<BR><B>Sent:</B> Thursday, February 14, 2002 8:19 = AM<BR><B>To:</B>=20 canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM]=20 "M"<BR><BR></FONT></DIV> <DIV><FONT face=3DArial>Looks like the only index to be close to even = average=20 daily volume on yesterday's nice gains was the Russell 2000 (about = time, I=20 say!!!). I agree with Tim, I want to see some serious break out type = volume=20 before I assume that we have a follow thru day. Volume for the = indexes=20 was up from the prior day, but not convincing. Very tentative. But = hey, the=20 economy is looking better, at least.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0019_01C1B535.0E378BE0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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