[CANSLIM] why buy breakouts - article

From: "Erik_Harris3745" <erik_harris3745@yahoo.com>
Subject: [CANSLIM] why buy breakouts - article
Date: Mon, 22 Apr 2002 11:54:58 -0400

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Hi,
Does anyone subscribe to The Street. I'm curious about the article below. I
can't image what the reasoning is for the comment about not buying
breakouts.

Just Curious,
Erik
______________________________________________________________________
Monday April 22, 8:16 am Eastern Time
Bantering About the Virtues of Breakouts

By Gary B. Smith
Special to TheStreet.com

This past Friday, my colleague Dan Fitzpatrick wrote this in his column :

"For example, it's no longer profitable to buy breakouts; they should be
sold. And yet it's tough to unlearn habits that have worked so well for so
many years. I talk with professional money managers every day. I am amazed
at how many continue to buy breakouts. Memo to money managers: That game is
over."
________________________________________________________________________



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<P><FONT size=3D2>Hi,<BR>Does anyone subscribe to The Street. I'm =
curious about=20
the article below. I can't image what the reasoning is for the comment =
about not=20
buying breakouts.<BR><BR>Just=20
Curious,<BR>Erik<BR><EM>_________________________________________________=
_____________________<BR>Monday=20
April 22, 8:16 am Eastern Time<BR>Bantering About the Virtues of=20
Breakouts<BR><BR>By Gary B. Smith<BR>Special to =
TheStreet.com<BR><BR>This past=20
Friday, my colleague Dan Fitzpatrick wrote this in his column =
:<BR><BR>"For=20
example, it's no longer profitable to buy breakouts; they should be =
sold. And=20
yet it's tough to unlearn habits that have worked so well for so many =
years. I=20
talk with professional money managers every day. I am amazed at how many =

continue to buy breakouts. Memo to money managers: That game is=20
over."<BR>_______________________________________________________________=
_________<BR></EM></FONT></P></BODY></HTML>

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