[CANSLIM] M for Market

From: Davellil5@aol.com
Subject: [CANSLIM] M for Market
Date: Tue, 9 Apr 2002 13:13:53 EDT

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Recent email in our group indicates that one should never, never,  buy a 
stock in a dead market.

This rule is based  on the unstated premise that no stock can ever buck the 
market -- or that there's no way to identify a stock that has a good chance 
of bucking the market.  So, in a dead market, one should always stay in cash.

Yet we've all seen the charts of hundreds of stocks that could, and did, buck 
the spooky market of the past two years.  Our problem, friends, is how to 
spot those stocks before they rise out of reach, not to moan about the lousy 
market.   What should we be looking for?

One type of Company whose stock can buck this dead market -- I've observed -- 
is a Company in a niche business.  Usually, this kind of Company doesn't even 
belong in its own industry group -- so it may buck its group as well as the 
market as a whole.   I look for those.

Purpose of this email is to pick y'all's brains.  What other types of 
Companies have any  of you noticed with a propensity for bucking a dead 
market.   This market may stay dead for awhile yet.  Let's pool, our brains 
on what to look for.  I hope I get avalanched on this one

Regards to all, Dave

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