Re: [CANSLIM] Bear Rally?

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Bear Rally?
Date: Sun, 14 Apr 2002 20:13:06 -0400

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for the most part, the ones I have seen were not CANSLIMish at the time, and
didn't even necessarily present any kind of a basing formation. In many
cases, both sales and earnings were declining, and forecasts, when
available, often were also indicating a continued decline. In other words,
there was no valid reason for the stock to suddenly explode on heavy volume,
except for the news that followed the explosive move.

Once or twice, I might just say it was a coincidence, or the "rare" leak of
info. But in the past year or so, I am seeing it happening far too often,
and without intervention by the regulators.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, April 14, 2002 7:52 PM
Subject: Re: [CANSLIM] Bear Rally?


Tom:

     Would you say that the stocks that you allude to are stocks whose
breakouts succeed according to CANSLIM criteria?  And, if so or not, how
would you distinguish these charts of stocks that breakout from ones whose
break-outs are CANSLIM-legit?

     More to the point, would you say that these breakouts from non-CANSLIM
formations are more prevalent than they were in the past?

jans


In a message dated 4/14/2002 1:18:41 PM Eastern Daylight Time,
stkguru@bellsouth.net writes:

<< ...the surveillance programs by both NASD and SEC seem to have become a
joke. I see more and more stocks that trade huge volume, and make major
price
swings, only to have news released hours or days later. It doesn't take a
rocket scientist to see that the news was leaked early, and traded on it,
before it was publicly released. Yet I don't see the regulators acting.
  >>

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