Re: [CANSLIM] A short ride

From: Spencer48@aol.com
Subject: Re: [CANSLIM] A short ride
Date: Fri, 8 Mar 2002 11:02:57 EST

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Mike,

     I also recall  that WON said something along that line.  The 
difference-as I perceive it-is that the stock referred to in Investors Corner 
of 3/6/02  (immediately after breaking out) rises and then falls to close at 
the bottom of its range.  This on high volume.  

     I believe what WON was referring to (in your statement) is a stock that 
is taking a breather-and because of profit taking, after rising 20-25%, 
falls.  If it doesn't fall below it's pivot, then it is likely just 
correcting normally.  

jans

In a message dated 3/8/2002 5:51:38 AM Eastern Standard Time, 
m.lucero@verizon.net writes:

<< I seem to remember an article where they said don't worry if a stock falls
 hard back toward it's pivot, even on increasing volume. Hmm.
  >>

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