Re: [CANSLIM] Bear Rally?

From: Davellil5@aol.com
Subject: Re: [CANSLIM] Bear Rally?
Date: Sun, 14 Apr 2002 11:32:59 EDT

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We CANSLIM-ers are momentum investors

A momentum investor buys value stocks because he thinks that other investors 
will be of the same mind and the "market"  will therefore accelerate in that 
direction.  That's playing market momentum more than stock momentum. 

My observation of stocks going up in this spooky market is that they are 
mainly Companies whose EPS is expected to gain -- for reasons peculiar to 
those businesses -- even though the economy is still faltering.  In other 
words, growth stocks.  That's why so many of the rising stocks are smaller 
Companies at present.

And, as I've previously observed, these are often niche businesses.

Regards, Dave

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