Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Tom or Ian
Date: Wed, 17 Apr 2002 20:35:00 -0700
Previous Article (by Subject): Re: [CANSLIM] Tom or Ian Dimitri Katsaros
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Dimitri: I prefer to buy stocks in the $12-$15 range, but that is not what the market is offering right now. IMHO, the original 'S' in CANSLIM overrides price nits. In fact, the biggest hurdle I see to a long sustained move up in tech stocks is that they split way too many times in the 1998-2000 mania, leaving most of them horrendously over-priced on a P/S or P/E basis above $15. (I have long felt that the tech bear will finally be over when many of yesteryears winners start doing reverse splits - LU's recent announcement was encouraging). Remember that when WON did his original research, the median number of shares outstanding was 4,000,000! I would absolutely love to have a large selection of $15+ stocks with solid growth, and less than 10,000,000 shares outstanding. I just cannot find that many - although there are some: MTEC comes to mind - it is the poster child for CANSLIM IMHO, with less than 5,000,000 shares out. One of the reasons I rarely post picks here is that the issues I find with the most favourable risk/reward outlook (IMO), have been under $15 (and many sub $10) stocks for quite some time. I know that the majority of list readers are resolute in sticking to higher price stocks, so I try not to bring them up often (someone explicitly asked me about MRGE today - so I posted my position). I do not like being pedantic - I like to make money. I use all the letters in CANSLIM, giving 'S" far more weight than most people, but I don't worry too much about the 'extra' WON criteria like price and volume. Ian - ----- Original Message ----- From: Dimitri Katsaros <dcka@yahoo.com> To: <canslim@lists.xmission.com> Sent: Wednesday, April 17, 2002 4:18 PM Subject: Re: [CANSLIM] Tom or Ian > Congrats on the price jump, but what happened to that > rule about no stock below 12 or 15? > > Dimitri > > --- Ian <ianstm@shaw.ca> wrote: > > Hi: > > > > I bought MRGE at around $4, and again around $5 > > (both in late February). I > > still own it - was planning on selling in the $9's > > originally. Based on past > > experience, these kind of short-term surges often > > hit a brick wall at $10. > > Sure was amazing volume today though. > > > > Ian > > > > > > ----- Original Message ----- > > From: <AlpineTap34@aol.com> > > To: <canslim@lists.xmission.com> > > Sent: Wednesday, April 17, 2002 8:01 AM > > Subject: [CANSLIM] Tom or Ian > > > > > > > Was wondering if you guys followed or had an > > opinion on MRGE? I realize > > it's > > > not CANSLIM, but know ya'll watch a few micros > > from time to time. Any > > > thoughts much appreciated. > > > > > > - > > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your > > email. > > > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > ===== > Quiquid latine dictum sit altum viditur > > __________________________________________________ > Do You Yahoo!? > Yahoo! Tax Center - online filing with TurboTax > http://taxes.yahoo.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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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