Re: [CANSLIM] test - disregard

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] test - disregard
Date: Sun, 28 Apr 2002 22:20:41 -0400

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I get pretty much the opposite, from my economic studies, Fred

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Fred Richards" <adrich@gte.net>
To: <canslim@lists.xmission.com>
Sent: Sunday, April 28, 2002 10:17 PM
Subject: RE: [CANSLIM] test - disregard

Tom,

For all of you optimists out there, there maybe another explanation. The
market could very well go through the support levels and test the previous
lows. Now the economists and certain Wall Street analysts are getting ready
to move the recovery out to the first half of next year and even reduce the
growth rate further.

If the dollar continues its slide next week, and earnings continue to
disappoint, and if gold moves up further it will be very hard to continue to
support the P/E ratios currently existing, thus, almost guaranteeing a
further sell-off and it could get ugly.  The balance of payments is
beginning to bleed at a high rate and the Mid East has not begun to cut back
oil shipments in any meaningful way.

Nevertheless, there are always some good stocks to find and make money on.
The key is to be able to find them and know when to buy them and take any
profit which you make.

The old Wall Street adage, buy and hold, is a recipe for disaster.

FFR

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Sunday, April 28, 2002 8:38 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] test - disregard

Patrick,

my far less than scientism assessment is that actual earnings reports are
running ahead of forecasts and expectations. I do see the pessimism over
just how long it may take to get this economy raging again, and have
corporate earnings back to prior year levels, but I don't see the
disappointment over current earnings.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Patrick Wahl" <pjwahl@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, April 28, 2002 9:31 PM
Subject: RE: [CANSLIM] test - disregard

I noticed that the Vix, which I have been yapping about for a month, has
moved up
a little bit, that's a good sign, market really didn't figure to be able to
make any
headway as long as it was so low.  There also seems to be a bit of
pessimism, that
tends to be a good thing.  The bad thing is that the market's sell off is
pretty clearly
due to disappointment with the current batch of earnings, I was hoping they
would
be strong enough to trigger some buying.  S&P is sitting at support, I guess
if it is
going to turn up here it will first consolidate a little bit anyway.

On 28 Apr 2002 at 18:45, Hill, Ernie wrote:

> I have thought about posting several times this weekend concerning the S&P
> bottoming Friday near my target price of 1080 and how my system is
screaming
> that this is a significant turning point. But, I am finding it hard to
> believe myself.
>
> The last couple of days last week even the small caps got butchered, maybe
> this was what was needed to finally reach bottom.

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