RE: [CANSLIM] APSG

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] APSG
Date: Wed, 12 Jun 2002 14:07:05 -0400

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Thanks, Jans...

Only positions I'm riding are NFI and FB, both of which finance
REIT's...with dividends in the 15% neighborhood.  Beats CD's!?!

Duke

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com
Sent: Wednesday, June 12, 2002 1:36 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] APSG


Duke:

     IBD's Big Picture also has monitory notes as to
investors/speculators 
buying stocks nowadays.  Here is the relevant passage:  

"At the very least, the market's most recent failure proves again why
it's 
dangerous to rush back in at the first whiff of strength. Friday's 
high-volume reversal offered some hope. But without a follow-through
session 
in which one of the big indexes rallies 2% or more in heavier volume
than the 
prior day, there was no reason to test the waters.

Even when the market follows through, you still need to be careful. 
Fundamentally strong stocks should break out of well-formed bases. If
you 
don't see leaders, you don't buy. That automatically limits your
exposure.

How much longer can this grinding market last? It has for the most part 
ignored the Fed's 11 rate cuts, the medicine that usually cures bear
markets. 

You have to go back to 1929-32 to find another instance in which stocks 
defied the Fed for so long. Fortunately, our economy faces nothing like
the 
deflation and depression of the early 1930s. But we are working through
a 
tech bubble that far surpassed the euphoria of the 1920s."

jans



In a message dated 6/12/2002 10:43:54 AM Eastern Daylight Time, 
dukemill@tampabay.rr.com writes:

<< Mike, et al:
 
 Check out today's WEBLINK.  Some pretty frank language about our common
gripe these days.
 
 Duke
  >>

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