[CANSLIM] Interesting day for 'M' ...

From: Ian <ianstm@shaw.ca>
Subject: [CANSLIM] Interesting day for 'M' ...
Date: Thu, 02 May 2002 16:53:39 -0700

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Did anyone else feel the capitulation in yesteryears big winners today:

PMCS down 6%
SEBL down 6 1/2%
SUNW down 7 1/2 %
ORCL down 9 1/2 %
EMC down 9 1/2%
WEBM down 14%
TIBX down 15%

, while at the same time, the Russell was up 1/2%, and is just 10 points shy
of its yearly high (recently bouncing hard off of its 50-day EMA)?

I saw some panic selling in the microcaps for 4 days (last Thurs-Fri, this
Mon-Tues), but that appeared to subside yesterday, and today saw renewed
strong buying, and a bunch of new highs in little companies with strong
earnings momentum.

These are interesting times.

Ian








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