Re: [CANSLIM] Belated Welcome

From: "Gary A. Snyder" <gas175k@hotmail.com>
Subject: Re: [CANSLIM] Belated Welcome
Date: Mon, 18 Feb 2002 02:50:14 -0500
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Major error in judgment in moment of confidence or greed. Had my eye on this 
stock because of the fundamentals( example profit margin 49%), best in group 
per IBD, earning estimates excellent, upward price movement on the chart, 
earning and sales increasing, profit margin decreasing from 50% to 46% and I 
put a little note to wait until after Q report given sell offs in this 
market even on good reports. So report comes out- beat street by 7 cents, 
gives guidance of increased estimate for next quarter and year. I read, I 
like. Market opens stock price starts up I buy too much, stock ends day down 
about 3.5%. I can not believe- market wrong, I'm right- just a minor sell 
off. Belated news about unknown analyst (to me) downgrading the stock 
because 8.8 million was changed from 90 day debt vehicle to 4 year loan. 
Very telling blow in retrospect. In other words company having trouble 
getting paid on time. Oh did I say down 15% that next day?  Now I go into 
lockup mode like rabbit sitting in middle of expressway. I do remember 
Barrons article over weekend bringing up old news as they are wont to do (I 
had subscription to Barrons and hate that weekly even more now) Trashing the 
company was the last kick that brought ACRT down 45% in one day. So here I 
am: IBD ratings only a memory, down 55%. Barrons article packed the big 
punch but analysis very much more to the point. Like the rabbit I'm thinking 
about getting off the highway. Too early to learn from experience, thing 
that nags at me is I'm making the same mistakes over and over. I can feel 
fear but I can't tell if I am doing something greedy until after the fact. 
Oh by the way you will find me a very open and honest person.  gas175k


>From: "Tom Worley" <stkguru@netside.net>
>Reply-To: canslim@lists.xmission.com
>To: <canslim@lists.xmission.com>
>Subject: Re: [CANSLIM] Belated Welcome
>Date: Sun, 17 Feb 2002 12:14:48 -0500
>
>Gary, dare I ask what you are doing in ACRT? Looks like the classic falling
>knife to me on the chart.
>
>I have been hit with unexplainable reversals lately, hopefully just a
>symptom of this uncertain market.
>
>Tom Worley
>stkguru@netside.net
>AIM: TexWorley
>----- Original Message -----
>From: "Gary A. Snyder" <gas175k@hotmail.com>
>To: <canslim@lists.xmission.com>
>Sent: Sunday, February 17, 2002 11:24 AM
>Subject: [CANSLIM] Belated Welcome
>
>
> >
> >
> > Gang:
> > Wow, thanks for the response. I am going to read and think about these
> > e-mails. I just entered this chat line and was getting a lot of
>corrections
> > because I was sending to majordomo. Also sent a welcome email to him.
>Course
> > he don't give a darn, just gave me lot of error messages.
> > As Won says stocks seem to run (as in go up) together.
> > Don't some of these preachy tutorials in "Investor's Corner" give you a
>pain
> > especially when the example does not qualify under WON teachings? I 
>still
> > read it every day. he he.
> > Im saving everything Tom Worsley says: 75% speaks for itself.
> > Currently I am very humble having got hit by a freight train with the
>symbol
> > ACRT.
> > I think that no one approach works all the time. A system that works in
>this
> > environment of trading in a range and sector rotation does not work as
>well
> > as another approach in a bull market where strong industrial groups stay
> > high in the rating system for extended periods of time. Industrial 
>groups
> > strong in a bear market such as defensive groups like Funeral Homes 
>(talk
> > about sick), food/meat products( would you believe it) tank when the
>market
> > thinks the economy has turned the corner.
> >   I want to stay ahead of the curve.
> > Hope I can add to the common knowledge in a meaningful way. Always open 
>to
> > learn so have been reading the traffic the last week even though I
>couldn't
> > make contact. Till next time: gas175k
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > _________________________________________________________________
> > Chat with friends online, try MSN Messenger: http://messenger.msn.com
> >
> >
> > -
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> > -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
>
>
>
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