Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Curious in Florida
Date: Wed, 08 May 2002 20:56:35 -0700
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This is a multi-part message in MIME format. - --Boundary_(ID_HolhTv91EljWbcFiZmh40A) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT "The question now to be answered is if this shift back to the many (most?) beaten down tech stocks, whether big or small" As far as I can tell, todays 'shift' was into the most heavily shorted issues. For the past 2 years, that kind of manic squeezing hasn't been indicative of any solid long-term trends. It sure looked like it had legs today though - I suspect that too many shorts at this stage in the game can provide more fuel for a while. These kind of gyrations sure seem to make CANSLIM investing more difficult. Ian ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Wednesday, May 08, 2002 5:59 PM Subject: Re: [CANSLIM] Curious in Florida Chris, my impression today was that my biggest gainers were mostly the ones that have held up well over the past few weeks (EPIQ being one example, up 5.5%). My worst performers were ones, for the most part, that were weak in recent weeks. But my biggest gainer today was OVRL, up over 31%, despite its recent weakness. My VR Fund was up 3.5%, my IT stocks, comprising 74%, was up 4.9%, so clearly today was a move back to technology. The question now to be answered is if this shift back to the many (most?) beaten down tech stocks, whether big or small (CSCO gained 24% today on its first positive year to year quarter in over a year). Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message ----- From: Vanchee1@aol.com To: canslim@lists.xmission.com Sent: Wednesday, May 08, 2002 6:44 PM Subject: Re: [CANSLIM] Curious in Florida Sometimes we who are close to the market look too deep in what forces are behind a trend change. In actuality, when the masses go home after work and hear about this nice rally some will want to jump on the train, which can keep the momentum going. Bottom line, have a good list of stocks to watch, and be ready to buy when a market turn is confirmed. As always buy the quality, even if they did not participate in today's rally they will come around, break out and surpass most others. Personally I am 100% invested in stocks and was up only 1% today, yes a little disappointed, but am glad to be up over 30% so far this year and look forward to the market turning. Enjoy, Chris - --Boundary_(ID_HolhTv91EljWbcFiZmh40A) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content="text/html; charset=iso-8859-1" http-equiv=Content-Type> <META content="MSHTML 5.00.3314.2100" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT size=2><FONT face=Arial>"The question now to be answered is if this shift back to the many (most?) beaten down tech stocks, whether big or small"</FONT></FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>As far as I can tell, todays 'shift' was into the most heavily shorted issues. For the past 2 years, that kind of manic squeezing hasn't been indicative of any solid long-term trends. It sure looked like it had legs today though - I suspect that too many shorts at this stage in the game can provide more fuel for a while.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>These kind of gyrations sure seem to make CANSLIM investing more difficult.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=2>Ian</FONT></DIV> <DIV> </DIV> <DIV> </DIV> <BLOCKQUOTE style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A href="mailto:stkguru@bellsouth.net" title=stkguru@bellsouth.net>Tom Worley</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A href="mailto:canslim@lists.xmission.com" title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, May 08, 2002 5:59 PM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Curious in Florida</DIV> <DIV><BR></DIV> <DIV><FONT face=Arial>Chris, my impression today was that my biggest gainers were mostly the ones that have held up well over the past few weeks (EPIQ being one example, up 5.5%). My worst performers were ones, for the most part, that were weak in recent weeks. But my biggest gainer today was OVRL, up over 31%, despite its recent weakness.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>My VR Fund was up 3.5%, my IT stocks, comprising 74%, was up 4.9%, so clearly today was a move back to technology.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>The question now to be answered is if this shift back to the many (most?) beaten down tech stocks, whether big or small (CSCO gained 24% today on its first positive year to year quarter in over a year).</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV>Tom Worley<BR><A href="mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM: TexWorley</DIV> <DIV style="FONT: 10pt arial">----- Original Message ----- <DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A href="mailto:Vanchee1@aol.com" title=Vanchee1@aol.com>Vanchee1@aol.com</A> </DIV> <DIV><B>To:</B> <A href="mailto:canslim@lists.xmission.com" title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV> <DIV><B>Sent:</B> Wednesday, May 08, 2002 6:44 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] Curious in Florida</DIV></DIV> <DIV><BR></DIV><FONT face=arial,helvetica><FONT face="Century Gothic" lang=0 size=2 FAMILY="SANSSERIF">Sometimes we who are close to the market look too deep in what forces are behind a trend change. In actuality, when the masses go home after work and hear about this nice rally some will want to jump on the train, which can keep the momentum going. Bottom line, have a good list of stocks to watch, and be ready to buy when a market turn is confirmed. As always buy the quality, even if they did not participate in today's rally they will come around, break out and surpass most others. Personally I am 100% invested in stocks and was up only 1% today, yes a little disappointed, but am glad to be up over 30% so far this year and look forward to the market turning.<BR><BR><BR>Enjoy, Chris</FONT> </FONT></BLOCKQUOTE></BODY></HTML> - --Boundary_(ID_HolhTv91EljWbcFiZmh40A)-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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