AIRM (was Re: [CANSLIM] Tom or Ian)

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: AIRM (was Re: [CANSLIM] Tom or Ian)
Date: Fri, 19 Apr 2002 00:22:52 -0400

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I already took some nice profits on AIRM, still hold a position up almost
32%

Still looks to have some good juice left.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Ian" <ianstm@shaw.ca>
To: <canslim@lists.xmission.com>
Sent: Thursday, April 18, 2002 4:46 PM
Subject: Re: [CANSLIM] Tom or Ian


"it's unfair that one should do all the work only for others to reap the
benefits"

I do not subscribe to that at all, and I am not sure that Katherine does
either (although, you'd have to ask).

My concerns are twofold:

1. My opinion can change quickly (with volume selling/bad news etc...), and
I wouldn't want to feel 'responsible' if I forget to post that change of
opinion to the board in a timely fashion. This is much more of an issue with
illiquid microcaps than liquid megacaps.

2. It has been my impression that I have received negative feedback from
posting microcaps (sub $10) here in the past. I really do believe that they
are 'real' CANSLIM, but I realize that others here do not. I do not want to
give this list the appearance of a 'penny stock' tout board.

However, I will start to post a few more specific issues if there is
interest: I was buying AIRM on Tuesday as I saw that it would likely hold
its breakout at $8. I added off the open this morning in the $8.20-$8.30
range. It is now quite extended now from its $8 trigger point - that is one
of the hardest parts about being successful with microcap CANSLIM
breakouts - the 5% window at the trigger point can come and go literally
within seconds.

Cheers,

Ian

- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, April 18, 2002 8:32 AM
Subject: Re: [CANSLIM] Tom or Ian

> Ian:
>
>      I would add that earlier in the week, IBD ran a column (in either the
> Big Picture or Investors Corner) saying that small and mid caps were
easily
> outpacing big caps.
>
>      As for your third paragraph (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...), I (for one) would value your picks as threshing
the
> stock-wheat from the stock-chaff.  You've been in this group for some
time,
> and (in my opinion) you analytical astuteness (particularly with small
caps)
> is superlative.
>
>      However, if you don't post the stocks you're interestd in, I can't
say I
> blame you.  I agree with Katherine (although it may sound selfish, it
makes
> sense to me) that it's unfair that one should do all the work only for
others
> to reap the benefits.
>
>
>
> jans
>
> In a message dated 4/18/2002 12:19:42 AM Eastern Daylight Time,
> ianstm@shaw.ca writes:
>
> << 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 >>
>
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