From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] Suitable for framing
Date: Wed, 26 Jun 2002 20:29:15 -0500
Next Article (by Date): Re: [CANSLIM] WCOM restatement "Tom Worley"
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Could not agree more!
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Wednesday, June 26, 2002 7:01 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Suitable for framing
From this evening's Big Picture at Investors.com:
"Stocks such as Enron, ImClone (IMCL), Tyco (TYC) and WorldCom have shaken
investor confidence. But there was no reason for growth investors who study
fundamentals and technicals to be caught in these downdrafts. Long before
the headlines turned nasty, these and other infamous stocks had broken down
from established uptrends. You just don't see scandals hitting leading
stocks from out of the blue.
WorldCom peaked in June 1999 after failing to break out successfully from
a late-stage base. End of story for growth investors. The stock slid as its
fundamentals deteriorated. It never presented another buying opportunity if
your criteria include superior fundamentals, a strong industry group and a
sound price base.
So while the SEC issues press releases expressing its outrage over
WorldCom, the ultimate safety net is your own knowledge and discipline to
follow a set of good trading rules."
--Amen.
Katherine
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<DIV><SPAN class=3D530392701-27062002><FONT face=3DArial color=3D#0000ff =
size=3D2>Could=20
not agree more!</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine =
Malm<BR><B>Sent:</B> Wednesday, June 26, 2002 7:01 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Suitable for=20
framing<BR><BR></FONT></DIV>
<DIV>From this evening's Big Picture at Investors.com:</DIV>
<DIV> </DIV>
<DIV>
<P>"Stocks such as <B>Enron</B>, <B>ImClone </B>(<A=20
=
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DK3P4G5Q6','SmartSelectPop','top=3D20,left=3D20,wi=
dth=3D610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=
=3Dno,scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alway=
sRaised=3D0,dependent=3Dno');popup.focus();">IMCL</A>)<B>,=20
Tyco</B> (<A=20
=
href=3D"javascript:popup=3Dwindow.open('http://www.investors.com/smartsel=
ect/SmartSelect.asp?x=3DV3f4G5','SmartSelectPop','top=3D20,left=3D20,widt=
h=3D610,height=3D510,directories=3Dno,status=3Dno,location=3Dno,toolbar=3D=
no,scrollbars=3Dno,resizable=3Dyes,menubar=3Dno,copyhistory=3Dno,alwaysRa=
ised=3D0,dependent=3Dno');popup.focus();">TYC</A>)=20
and WorldCom have shaken investor confidence. But there was no reason =
for=20
growth investors who study fundamentals and technicals to be caught in =
these=20
downdrafts. Long before the headlines turned nasty, these and other =
infamous=20
stocks had broken down from established uptrends. You just don't see =
scandals=20
hitting leading stocks from out of the blue.</P>
<P>WorldCom peaked in June 1999 after failing to break out =
successfully from a=20
late-stage base. End of story for growth investors. The stock slid as =
its=20
fundamentals deteriorated. It never presented another buying =
opportunity if=20
your criteria include superior fundamentals, a strong industry group =
and a=20
sound price base.</P>
<P>So while the SEC issues press releases expressing its outrage over=20
WorldCom, <FONT face=3DArial color=3D#0000ff size=3D4><EM><STRONG>the =
ultimate=20
safety net is your own knowledge and discipline to follow a set of =
good=20
trading rules."</STRONG></EM></FONT></P>
<P><STRONG><EM><FONT face=3DArial color=3D#0000ff=20
size=3D4></FONT></EM></STRONG> </P>
<P>--Amen.</P>
<P>Katherine</P></DIV></BLOCKQUOTE></BODY></HTML>
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