Re: [CANSLIM] TOO + DRS + IBD = hmmmm

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] TOO + DRS + IBD = hmmmm
Date: Tue, 21 May 2002 21:46:23 -0700

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Dave,

This theory has been tossed around here but mosty it's been dismissed as
general market trends or underlying problems. Also, TOO and DRS were
featured because of the high canslim numbers - not an IBD recommendation.
For many traders that's  too much advertising and take quick profits.

Given the speed of information now though, I tend to think that the high IBD
indicators mostly represent late indicators in this current market. I feel
that when a stock gets to a high IBD rating it is almost too late.  I also
find they have made several bases already and may be tired. Perhaps a mid
but rising RS value is a better catch than one that's there already.

- -Bill

- ----- Original Message -----
From: "Canslim Dave" <canslimdave@yahoo.com>


> I'm new to the group and just wanted to weigh in with
> something I've noticed since IBD began featuring
> companies showing good chart patterns in Weblink.
> Both TOO and DRS both sold off with HUGE volume within
> a week or so after being featured in IBD as ideal buy
> candidates.  Remind anyone of brokerage houses issuing
> "Strong Buys" while their investment arms are dumping
> the stocks?
>
> I'm not saying they would or are doing this
> intentionally.  In fact, I have great respect for IBD
> and WON, but the fact that they have undisclosed
> stakes worth millions in many of the companies they
> tout  smacks of conflict of interest.   Has anyone
> else noticed similar patterns of stocks being dumped
> after appearing in Weblink (or whatever that new
> feature is called).  Just wondering.
>
> Dave
>


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