Re: [CANSLIM] Belated Welcome

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Belated Welcome
Date: Mon, 18 Feb 2002 06:18:37 -0500
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Hi Gary,

I understand now, and sympathize. I did something similar on ELTE, waited
for the earnings, bought after it gapped down 25% on the news despite rosy
forecasts by the company. It is still sliding, so I am down 10% and
considering pulling the plug on it. This is a harsh market in which to be
invested at all.

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Gary A. Snyder" <gas175k@hotmail.com>
To: <canslim@lists.xmission.com>
Sent: Monday, February 18, 2002 2:50 AM
Subject: Re: [CANSLIM] Belated Welcome


>
>
>
>
> 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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