Re: [CANSLIM] MGAM - Another conventional wisdom question

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] MGAM - Another conventional wisdom question
Date: Tue, 2 Apr 2002 19:47:49 -0500

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Steve, I am regularly amazed at the number of stocks I see where inside
information obviously leaked before being made publicly available, yet I see
little enforcement action by the SEC. While today was an overall ugly day, I
would agree that the drop was at least caused by this news, as it is the
kind of news that induces selling.

I have seen some stocks in past months able to rebound back from this type
of news, largely seems to depend on whether they have institutional support
and/or whether it will be institutions that will take down this offering. If
the latter, they will support it at some price, but only they know the
price.

The lack of volume today may be of some encouragement, but if you can place
a hard stop, and don't already have one in place, I would do so tonight.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Steve F" <stevepdv@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, April 02, 2002 6:27 PM
Subject: [CANSLIM] MGAM - Another conventional wisdom question


Mgam dropped 9% today and after the close there was an
announcement that the company is issuing an additional
2.8 million shares.  I am assuming the drop was
related to the announcement even though the drop came
before the news.

Hang on or run ??.....Still not at my stop price

Thanks
Steve

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