RE: [CANSLIM] Bear Rally?

From: "Mona Guarino" <webmaster@design21.com>
Subject: RE: [CANSLIM] Bear Rally?
Date: Thu, 25 Apr 2002 12:22:23 -0700

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Bill,

Not sure how much of a rally it is, or how much it just confirms the premise
of Bill King's referred article earlier today:

http://moneycentral.msn.com/content/P21622.asp

I found it interesting that if I ran the screen, there were few tickers I
haven't come across in CanSlim screens lately. Which for me (as new to
CanSlim) reinforced my growing confidence in the methodology.

I really pay less attention to sector for sector's sake or even market any
particular market cap, but more to 'leading stocks in leading industry
groups' right now. When I bought Beazer, it was #1 stock in #1 industry. [I
hear and consider the talk of a coming housing bust, but I looked at the
chart of it and others in the industry, bought, and it repeated good #s
again yesterday.]

I think if I were more experienced, I'd me more in cash, but at this point
I'm paying a certain amount of tuition. I'm not comfortable yet with the
small / micro market (as Tom is) and actually look very little at that
aspect other than to observe it.

I try to avoid stretching the rules too far, but, I'm still learning.

I'm just trying to keep it simple at this point and try to learn and get
comfortable with the rules.

> Mona,
>
> This is very interesting to me. It confirms that there is and has been a
> "stealth" rally for some time in the small and micro caps.
> Because these are
> not represented well in the three major indexes, they continue to perform
> under the general investors radar screen.
>
> I think those that paid more attention to sector performance have
> done very
> well to date. Those (like me) who glued their eyes to the major indexes
> (pure canslim) missed out. I think WON's approach is to just invest in the
> main market uptrends. While it may not be as successful in this market and
> keeps one in cash - it also removes the added burden of modifying
> the rules
> to fit the small and micro cap entry and exit strategies to reflect the
> volatility of these groups. Some of these have been discussed here such as
> buying in the base and keeping a watch throughout the trading day.
>
> Perhaps a mixture of Ian Woodward's sector influenced type trading (see
> www.highgrowthstock.com ) with canslim rules is the way to go for some? I
> know it's worked for others here.
>
> -Bill Triffet
>


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