Go to Jeff Salisbury LWGate Home Page.From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
Subject: RE: [CANSLIM] Curious in Florida
Date: Thu, 9 May 2002 07:31:48 -0500
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Ian I agree with you about the fuel that was moving the market yesterday.
While the CSCO news got the ball rolling, it appears that there was heavy
short covering that continued push the market higher.
E
- -----Original Message-----
From: Ian [mailto:ianstm@shaw.ca]
Sent: Wednesday, May 08, 2002 10:57 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Curious in Florida
"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 <mailto:stkguru@bellsouth.net>
To: canslim@lists.xmission.com <mailto: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 <mailto:stkguru@bellsouth.net>
AIM: TexWorley
- ----- Original Message -----
From: Vanchee1@aol.com <mailto:Vanchee1@aol.com>
To: canslim@lists.xmission.com <mailto: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
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<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Ian I agree with you about the fuel th=
at
was moving the market yesterday. While the CSCO news got the ball rolling, =
it
appears that there was heavy short covering that continued push the market
higher.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:navy'>E<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 face=3DTahom=
a><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Ian [mailto:ianstm@sha=
w.ca] <br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Wednesday, May 08, 2002
10:57 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> canslim@lists.xmission.c=
om<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] Curio=
us in
Florida</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 face=3DArial=
><span
style=3D'font-size:10.0pt;font-family:Arial'>"The question now to be
answered is if this shift back to the many (most?) beaten down tech stocks,
whether big or small"</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 face=3D"Time=
s New Roman"><span
style=3D'font-size:10.0pt'>As far as I can tell, todays 'shift' was into th=
e 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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 face=3D"Time=
s New Roman"><span
style=3D'font-size:10.0pt'>These kind of gyrations sure seem to make CANSLIM
investing more difficult.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 face=3D"Time=
s New Roman"><span
style=3D'font-size:10.0pt'>Ian</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<blockquote style=3D'border:none;border-left:solid black 1.5pt;padding:0in =
0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 face=3DArial=
><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message ----- <=
o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal style=3D'margin-left:.5in;background:#E4E4E4'><b><font=
size=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;font-weight:=
bold'>From:</span></font></b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:stkguru@bellsouth.net" title=3D"stkguru@bellsouth.net">Tom W=
orley</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span></f=
ont></b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" title=3D"canslim@lists.xmission.=
com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span><=
/font></b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> W=
ednesday,
May 08, 2002 5:59 PM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</spa=
n></font></b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> R=
e:
[CANSLIM] Curious in Florida<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3DArial=
><span
style=3D'font-size:12.0pt;font-family: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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3DArial=
><span
style=3D'font-size:12.0pt;font-family: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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3DArial=
><span
style=3D'font-size:12.0pt;font-family:Arial'>The question now to be answere=
d 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).</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'>Tom Worley<br>
<a href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</a><br>
AIM: TexWorley<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 face=3DArial=
><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message ----- <=
o:p></o:p></span></font></p>
<div style=3D'font-color:black'>
<p class=3DMsoNormal style=3D'margin-left:.5in;background:#E4E4E4'><b><font=
size=3D2
face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial;font-weight:=
bold'>From:</span></font></b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:Vanchee1@aol.com" title=3D"Vanchee1@aol.com">Vanchee1@aol.co=
m</a> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span></f=
ont></b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" title=3D"canslim@lists.xmission.=
com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span><=
/font></b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> W=
ednesday,
May 08, 2002 6:44 PM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 face=3DAr=
ial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</spa=
n></font></b><font
size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:Arial'> R=
e:
[CANSLIM] Curious in Florida<o:p></o:p></span></font></p>
</div>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 face=3D"Cent=
ury Gothic"
FAMILY=3DSANSSERIF><span style=3D'font-size:10.0pt;font-family:"Century Got=
hic";
mso-bidi-font-family:Arial'>Sometimes we who are close to the market look t=
oo
deep in what forces are behind a trend change. In actuality, when the masse=
s 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 al=
ways
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% invest=
ed
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</span></font><font face=3DArial><span style=3D'font-fami=
ly:Arial'>
</span></font><o:p></o:p></p>
</blockquote>
</div>
<CODE><FONT SIZE=3D3><BR>
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This email and any files transmitted with it from the ElPaso <BR>
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If you have received this email in error please notify the <BR>
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