Re: [CANSLIM] Today's IBD "Big Picture" comments...

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments...
Date: Wed, 1 May 2002 12:47:13 -0400

Next Article (by Subject): Re: [CANSLIM] Today's IBD "Big Picture" comments... "Winston Little"
Previous Article (by Subject): Re: [CANSLIM] Today's IBD "Big Picture" comments... "Winston Little"
Top of Thread: [CANSLIM] Today's IBD "Big Picture" comments... "Bill Triffet"
Next in Thread: Re: [CANSLIM] Today's IBD "Big Picture" comments... "Winston Little"
Articles sorted by: [Date] [Author] [Subject]

Wow, this is really big news. IBD's been jerking chains for a long time now.

DanF
- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: "canslim" <canslim@lists.xmission.com>
Sent: Wednesday, May 01, 2002 12:12 PM
Subject: [CANSLIM] Today's IBD "Big Picture" comments...


> Well friends, it seems that today's IBD confirms what I've thought about
the
> M in canslim - It's not necessarily based on the readings of the three
major
> market indexes ( a big departure from HTMMIS).
>
> I'm paraphrasing the last three paragraphs of "The Big Picture"(there are
> stiff copyright disclaimers at IBD):
>
> It will take a few days to see if the rotation BACK into the Dow, Naz, and
> S&P is valid. There should be a big move in heavier volume by the end of
the
> week to confirm it.
>
> It goes on to say it's a "nonissue" for growth investors since small and
> mid-cap stocks along with medical, consumer and defense are doing well
> despite the big averages. If they hold up, it says, the major averages
could
> improve.
>
> Also mentions "careful trading" with tight loss cutting is key.
>
> My point? IMHO, IBD is marketed for many types of investors. Pure canslim
> (if there is such a thing) is just one of them.
>
> I think perhaps it's time for me to look at growth investing with a
canslim
> approach. I'm starting to see several here have done this to great success
> (though with very close watching). Including things such as a lower but
> advancing RS as opposed to just a high rating and not be afraid to jump
into
> stocks in an upwards trending sector though the market is flat or down IF
> they have good fundies.
>
> Several times this and last year I saw stocks and groups moving ahead but
> stayed out due to the major indexes downward trend. Comments?
>
> Btw, for Fred, it suggests there's heavy distribution out of gold and
> precious metals by investors.
>
> Bill Triffet
>
>
>
>
>
> -
> -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.

Go to Jeff Salisbury LWGate Home Page.