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

From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] Interesting day for 'M' ...
Date: Thu, 2 May 2002 21:36:57 -0400

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I noticed the same thing, with most of it on big volume too. If they had
closed near the top of their range today one could argue for a nice short
term buy, but most of them closed near the bottom of their daily range. We
shall see......
- ----- Original Message -----
From: "Ian" <ianstm@shaw.ca>
To: <canslim@lists.xmission.com>
Sent: Thursday, May 02, 2002 7:53 PM
Subject: [CANSLIM] Interesting day for 'M' ...


> 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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