Go to Jeff Salisbury LWGate Home Page.From: "Mona Guarino" <webmaster@design21.com>
Subject: RE: [CANSLIM] Bear Rally?
Date: Sun, 14 Apr 2002 12:58:19 -0700
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This is a multi-part message in MIME format. - ------=_NextPart_000_0072_01C1E3B4.0CCA7DA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Ira, thanks for the Twinkies metaphor. I, for one, have not recovered nearly enough from the stomach ache from over eating the Twinkies to be much tempted by tech stocks. It's less that I want a bull market at this point and more that I'd like a little rationality. Maybe this is simply inexperience and there is nothing different about the current market, but it seems that bad news, good news, or no news can all bring down a stock; hard to have much confidence in your own due diligence when you're new at it and you can't seem to trust pundits, accountants, or analysists or even the #s themselves for much of anything. - -- Mona -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ira Post Sent: Sunday, April 14, 2002 9:43 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Bear Rally? Mona and Katherine, Very good points on market direction. We'd all love to have another bull market, but we haven't sufficiently absorbed the last one. P/E's are still very high. I think a sideways move for a number of years is a very likely transition to whatever comes next. I also agree that tech stocks will recover somewhat, but not lead the market like they did in the nineties. Tech stocks are often like Hostess Twinkies. They're so attractive, but usually lack substance. One has to be very careful to use good due diligence on the financials on tech stocks like on every other stock. Ira - ------=_NextPart_000_0072_01C1E3B4.0CCA7DA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4134.100" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D780334619-14042002>Ira,=20 thanks for the Twinkies metaphor. I, for one, have not recovered nearly = enough=20 from the stomach ache from over eating the Twinkies to be much tempted = by tech=20 stocks.</SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D780334619-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D780334619-14042002>It's=20 less that I want a bull market at this point and more that I'd like a = little=20 rationality. Maybe this is simply inexperience and there is nothing = different=20 about the current market, but it seems that bad news, good news, or no=20 news can all bring down a stock; hard to have much confidence in = your own=20 due diligence when you're new at it and you can't seem to trust pundits, = accountants, or analysists or even the #s themselves for much of=20 anything.</SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D780334619-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D780334619-14042002>--=20 Mona</SPAN></FONT></DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px = solid; MARGIN-RIGHT: 0px"> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT = face=3DTahoma=20 size=3D2>-----Original Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Ira=20 Post<BR><B>Sent:</B> Sunday, April 14, 2002 9:43 AM<BR><B>To:</B>=20 canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Bear=20 Rally?<BR><BR></FONT></DIV> <DIV><FONT face=3DArial size=3D2>Mona and Katherine,</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Very good points on market = direction. We'd=20 all love to have another bull market, but we haven't sufficiently = absorbed the=20 last one. P/E's are still very high. I think a sideways = move for a=20 number of years is a very likely transition to whatever comes = next. I=20 also agree that tech stocks will recover somewhat, but not lead the = market=20 like they did in the nineties.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Tech stocks are often like Hostess=20 Twinkies. They're so attractive, but usually lack = substance. One=20 has to be very careful to use good due diligence on the financials on = tech=20 stocks like on every other stock.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial = size=3D2>Ira</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0072_01C1E3B4.0CCA7DA0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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