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

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Interesting day for 'M' ...
Date: Thu, 2 May 2002 21:42:40 -0400

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I saw the same thing, Ian. My fund was up a percent for the day, with 3 of
32 stocks up over 10% for the day. Yesterday I also had 3 up over 10%

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- 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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