Go to Jeff Salisbury LWGate Home Page.From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] IBD "Bull" Call
Date: Thu, 4 Jul 2002 23:19:13 -0700
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hi tom-it seems you do a lot more cross-checking then I.One of my most =
important criteria is (N) new product. I feel like if its a great new =
product it will push sales, and sales will hopefully push earnings,and =
earnings will attract moneyflow. I don't always look for positive =
earnings if a lot has been spent on R&D to bring the product to market. =
Then its potential positive earnings -depending on sales and how well =
the company=20
is run. I check the IBD rating for accumulation and distribution( its =
amazing how many small I find with A A+ A-) I also read the sec files =
as best I can to try to detect potential risk. Do my best for low debt, =
but have ignored it for potential sales.Follow the news on each stock =
daily, but that's pretty much with the whole market lately-I am =
beginning to wonder if the mass response to the bad market and the bad =
earnings and management problems is to become a mass of traders moving =
on the news. That's one way to get The analysts back. I believe that =
every action creates a reaction.I try to buy on an uptrend in a =
correction if I miss the start of the trend. I love the graphs at =
clearstation for this. I also check volume daily on IBD charts to see if =
I can detect a major problem arising( going up on low volume =
consecutively, etc.) although I don't always sell there, it depends. I =
look at a stock as I look at hiring a new employee. They are not going =
to be the way you want them to be when you hire them, but if they have =
the potential(product, sales, earnings,ect.) then I am willing to see if =
the management can make them blossom into that thing. I like to hold on =
to it for earnings news if I think its going to be positive, it seem to =
make people take notice and pushes the stock usually. I do the (I) in =
canslim. A lot of them do have institutional sponsorship although slim =
to start. If I see an index buying in or a micro cap fund then it makes =
me feel that they think sales will push earnings also and attract new =
money. I also follow insider tradinf. The (L) they are laggards, but =
most leaders were at one time or another, although not all, I like to =
say laggards with potential. I try to keep it down to one or two =
thousand shares so if one stock tanks the others probably wont. This may =
not be true in the case of a terrorist attach, but I try to find stocks =
who's product will hopefully put them back on the map and not into =
bankruptcy. I know the stocks aren't as liquid but I don't sell without =
a good reason. I know smalls are risky but like Bill O.says "they don't =
all have to be winners-several can lose but a few winners will make you =
great money". If a stock starts to go below the moving averages and the =
trend turns down I sell, I figure I can always get in again when and if =
the problems are resolved. If stock has no new problems that I can find =
and it goes down I figure its just a shakeout and will attract new money =
as soon as the price gets where they want it. I have a couple of stocks =
I could ask you to look at and give me your advice if your in the mood , =
or if you want my opinion on yours I could try to do that also. I know =
this was long but I hope not to boring. zillagirl
I know the markets have been sucky. A couple of my stocks have had =
really low volumn the last few days but they are not losing more then a =
penny or a nickle so how can I complain.
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Thursday, July 04, 2002 6:33 AM
Subject: Re: [CANSLIM] IBD "Bull" Call
Hi zillagirl,
When you start investing in small and micro cap stocks, you are =
already taking on substantially more risk due lack of liquidity, lack of =
analyst coverage (altho lately that may be a blessing), potential for =
running out of cash and not able to raise new capital, and general lack =
of interest from institutional investors if you also are investing in =
low priced stocks as I do. Low priced stocks can substantially raise =
your risk by the spread representing a higher percentage than with =
higher priced or more liquid stocks.
That said, for my personal investing, I look primarily for stocks =
hitting new highs, this satisfies the "N" of CANSLIM without having to =
do research, and also shows that there is no recent overhang in the =
stock, as well as signaling positive momentum in an otherwise dismal =
downtrending dreary depressing "M". The reports at DGO are of no help to =
me in this, as they are limited to about one fourth of all stocks, only =
including the ones that are in the DG books (a marriage that badly needs =
to be severed now that the books get you no discount). You can get lists =
of stocks hitting new daily highs at most any free site, I use =
CBSMarketWatch as it permits me to screen for price and size so I am =
only then looking at small and micro caps within my price range (up to =
$20 currently).
Because of my personal bias against various sectors, I only look at =
stocks of potential interest. I won't look at banks, for instance. Since =
I am not a group follower, another of my many personal CANSLIM sins, =
this doesn't hurt me. In fact some of my best performing stocks this =
year have been in groups ranked E.=20
When I run my daily lists thru DGO, my first focus is on sequential =
earnings and sales. I am more interested in this than on year over year =
sales, as many lack analysts forecasts, so I am on my own for this. If =
both sales and earnings are increasing logically, sequentially and in =
step, then I can assume continued growth for some time in the future, =
again without any initial research. I, and many other investors, can =
form a mental image of what we expect next quarter, and its easy to =
assess the stock's reaction on what is delivered for results.
My next focus is the chart itself. Many by the time I find them are =
already well extended. Doesn't mean I forget about them, I study the =
prior 12 months to see where I might have found them earlier. I look for =
characteristics, is this a stock that builds a long flat base, then =
explodes. Or is it one that signals volume before a big move. Is it a =
LLUR, where I can buy at anytime? Where would it likely consolidate, or =
correct to, such that I might buy on a dip? At the least, I try to learn =
from it. I also look to see if, even extended, I consider it overvalued =
based on earnings growth, projected PE (my own or analysts), market cap =
to sales ratio, ROE, debt (usually zero or negligible). I also look at =
management holdings vs funds and the float.
All this is just the beginning of finding a new company to add to my =
watch list. Then the due diligence really starts, time permitting.
----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 03, 2002 12:13 PM
Subject: Re: [CANSLIM] IBD "Bull" Call
That is similar to what I mean. for example an earnings rule for =
micros might be the first quarter a stocks earnings become =
positive.Example=3D Last quarter earnings -.03 , current quarters =
earnings +.07. This is different then the earnings rules on canslim but =
it is still an earnings rule-just like canslim has earnings rules that =
fit larger cap stocks. This is one of the things I find important. I =
think all the canslim rules would have parallels to use on small and =
micros but if this is true we are not taught those rules or given the =
same info on IBD to decipher the stocks. Sorry about the losses-the =
markets been rough, small cap index is starting down recently.
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 03, 2002 3:44 AM
Subject: Re: [CANSLIM] IBD "Bull" Call
Zillagirl, not sure of your point. I have been using nothing but my =
version of CANSLIM for years, and invested in nothing but small and =
micro caps. I need no other system than CANSLIM, despite the lousy "M" =
we have been having. Granted, I break lots of rules, and it has cost me =
in the past week or so pretty severely, essentially giving up my profits =
for the year due lack of attention and time.
Biggest single difficulty with small and micro caps, aside from a =
lack of liquidity on many if you are buying large positions, is that you =
usually cannot use stop buy or stop sell orders. Most brokers will not =
accept stop orders unless they are NYSE / AMEX listed.
----- Original Message -----=20
From: zillagirl=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 02, 2002 10:58 PM
Subject: Re: [CANSLIM] IBD "Bull" Call
I have a theory on small caps,although Im sure some of you are tired =
of hearing from me today.(smile) there is a lot of money to be made in =
the right small caps. I would almost bet IBD does research in all caps =
- -not just the ones he posts on his site. Esp. for small cap mutual =
funds, etc. Some of them have good earnings, new products, the M is on =
their side right now compared to the other indexes. Someone is buying =
these stocks and making a lot of money on them before they ever hit a =
canslim list.(you can buy a lot more shares at 5.00 then with 25.00 =
eventhough the risk is greater)If in this market the risk can be =
greater. I cant help but think that there is a trading system with =
established % on earnings, growth, etc. but it is not available to us. =
And Im sure it would not be with the same criteria as the canslim =
system we are given. Its great to ride a stock from 5 to 15 or 20 =
dollars and then a whole new set of buyers comes in. I could be wrong =
but if the research is done I feel it should be made available to =
us-buyer beware. In this market when small caps seem to have been hit =
the least and canslim seems to be in reverse half the time, we could =
use more then 'one day the market will turn' from IBD.I would like to =
think bill is protecting us from bad investments but as anyone who read =
my posts today can see-my rose colored glasses got broken somewhere. PS =
dont get me wrong I love canslim but its like following the indexes-when =
they drop - you might have to think about shorting.=20
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 02, 2002 6:15 PM
Subject: Re: [CANSLIM] IBD "Bull" Call
interesting he avoids mentioning the Russell 2000, is it just too =
small for him?
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 02, 2002 9:12 PM
Subject: Re: [CANSLIM] IBD "Bull" Call
Hi Jon,
I've often wondered about that same thing as it's certainly not =
obvious there's a Bull market anywhere in sight if looking at the =
Nasdaq, S&P500 or Dow. Here's an interesting "Ask Bill" from today that =
might "explain" their point of view.
--Katherine
Ask Bill O'Neil 7/2/02
=20
Q: Would you classify the period from late Sept. 2001 to =
Jan. 2002 as a "bull market" or a "bear-market rally"? =20
- Submitted from Thornhill, Canada =20
=20
A: The bear market is alive and kicking on the Nasdaq. But =
the smaller-cap indexes such as the S&P 600 and S&P MidCap 400 are just =
10% to 11% below their all-time highs. For them, the current decline is =
a correction in a bull market. =20
----- Original Message -----=20
From: J. Lobatto=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 02, 2002 8:04 PM
Subject: [CANSLIM] IBD "Bull" Call
I wonder how long IBD is going to continue running that ad I've =
seen there featuring a graphic illustrating how they called the new bull =
market last fall???
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<DIV><FONT face=3DArial size=3D2>hi tom-it seems you do a lot more =
cross-checking=20
then I.One of my most important criteria is (N) new product. I feel like =
if its=20
a great new product it will push sales, and sales will hopefully push=20
earnings,and earnings will attract moneyflow. I don't always look =
for=20
positive earnings if a lot has been spent on R&D to bring the =
product to=20
market. Then its potential positive earnings -depending on sales and how =
well=20
the company </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>is run. I check the =
IBD rating=20
for accumulation and distribution( its amazing how many small I =
find with A=20
A+ A-) I also read the sec files as best I can to try =
to=20
detect potential risk. Do my best for low debt, but have ignored it for=20
potential sales.Follow the news on each stock daily, but that's pretty =
much with=20
the whole market lately-I am beginning to wonder if the mass response to =
the bad=20
market and the bad earnings and management problems is to become a mass =
of=20
traders moving on the news. That's one way to get The =
analysts back. I=20
believe that every action creates a reaction.I try to buy on an uptrend =
in a=20
correction if I miss the start of the trend. I love the graphs at=20
clearstation for this. I also check volume daily on IBD charts to see if =
I can=20
detect a major problem arising( going up on low volume =
consecutively,=20
etc.) although I don't always sell there, it depends. I look at a stock =
as I=20
look at hiring a new employee. They are not going to be the way =
you want=20
them to be when you hire them, but if they have the potential(product, =
sales,=20
earnings,ect.) then I am willing to see if the management can make them =
blossom=20
into that thing. I like to hold on to it for earnings news if I =
think its=20
going to be positive, it seem to make people take notice and pushes the =
stock=20
usually. I do the (I) in canslim. A lot of them do have institutional=20
sponsorship although slim to start. If I see an index buying in or a =
micro cap=20
fund then it makes me feel that they think sales will push earnings also =
and=20
attract new money. I also follow insider tradinf. The (L) they are =
laggards, but=20
most leaders were at one time or another, although not all, I like to =
say=20
laggards with potential. I try to keep it down to one or two =
thousand=20
shares so if one stock tanks the others probably wont. This may not be =
true in=20
the case of a terrorist attach, but I try to find stocks who's product =
will=20
hopefully put them back on the map and not into bankruptcy. I know the =
stocks=20
aren't as liquid but I don't sell without a good reason. I know smalls =
are risky=20
but like Bill O.says "they don't all have to be winners-several can lose =
but a=20
few winners will make you great money". If a stock starts to go below =
the moving=20
averages and the trend turns down I sell, I figure I can always get in =
again=20
when and if the problems are resolved. If stock has no new problems that =
I can=20
find and it goes down I figure its just a shakeout and will attract new =
money as=20
soon as the price gets where they want it. I have a couple of stocks I =
could ask=20
you to look at and give me your advice if your in the mood , or if you =
want my=20
opinion on yours I could try to do that also. I know this was long but I =
hope=20
not to boring. zillagirl</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>I know the markets have been =
sucky. A=20
couple of my stocks have had really low volumn the last few days but =
they are=20
not losing more then a penny or a nickle so how can I =
complain.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, July 04, 2002 =
6:33=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] IBD =
"Bull"=20
Call</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Hi zillagirl,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>When you start investing in small and micro =
cap stocks,=20
you are already taking on substantially more risk due lack of =
liquidity, lack=20
of analyst coverage (altho lately that may be a blessing), potential =
for=20
running out of cash and not able to raise new capital, and general =
lack of=20
interest from institutional investors if you also are investing in low =
priced=20
stocks as I do. Low priced stocks can substantially raise your risk by =
the=20
spread representing a higher percentage than with higher priced or =
more liquid=20
stocks.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>That said, for my personal investing, I look =
primarily=20
for stocks hitting new highs, this satisfies the "N" of CANSLIM =
without having=20
to do research, and also shows that there is no recent overhang in the =
stock,=20
as well as signaling positive momentum in an otherwise dismal=20
downtrending dreary depressing "M". The reports at DGO are of no help =
to me in=20
this, as they are limited to about one fourth of all stocks, only =
including=20
the ones that are in the DG books (a marriage that badly needs to be =
severed=20
now that the books get you no discount). You can get lists of stocks =
hitting=20
new daily highs at most any free site, I use CBSMarketWatch as it =
permits me=20
to screen for price and size so I am only then looking at small and =
micro caps=20
within my price range (up to $20 currently).</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Because of my personal bias against various =
sectors, I=20
only look at stocks of potential interest. I won't look at banks, for=20
instance. Since I am not a group follower, another of my many personal =
CANSLIM=20
sins, this doesn't hurt me. In fact some of my best performing stocks =
this=20
year have been in groups ranked E. </FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>When I run my daily lists thru DGO, my first =
focus is on=20
sequential earnings and sales. I am more interested in this than on =
year over=20
year sales, as many lack analysts forecasts, so I am on my own for =
this. If=20
both sales and earnings are increasing logically, sequentially and in =
step,=20
then I can assume continued growth for some time in the future, again =
without=20
any initial research. I, and many other investors, can form a mental =
image of=20
what we expect next quarter, and its easy to assess the stock's =
reaction on=20
what is delivered for results.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>My next focus is the chart itself. Many by the =
time I=20
find them are already well extended. Doesn't mean I forget about them, =
I study=20
the prior 12 months to see where I might have found them earlier. I =
look for=20
characteristics, is this a stock that builds a long flat base, then =
explodes.=20
Or is it one that signals volume before a big move. Is it a LLUR, =
where I can=20
buy at anytime? Where would it likely consolidate, or correct to, such =
that I=20
might buy on a dip? At the least, I try to learn from it. I also look =
to see=20
if, even extended, I consider it overvalued based on earnings growth,=20
projected PE (my own or analysts), market cap to sales ratio, ROE, =
debt=20
(usually zero or negligible). I also look at management holdings vs =
funds and=20
the float.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>All this is just the beginning of finding a =
new company=20
to add to my watch list. Then the due diligence really starts, time=20
permitting.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Wednesday, July 03, 2002 12:13 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] IBD "Bull" Call</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>That is similar to what I mean. =
for example=20
an earnings rule for micros might be the first quarter a stocks=20
earnings become positive.Example=3D Last quarter earnings -.03 , =
current=20
quarters earnings +.07. This is different then the earnings =
rules on=20
canslim but it is still an earnings rule-just like canslim has =
earnings rules=20
that fit larger cap stocks. This is one of the things I find =
important. I=20
think all the canslim rules would have parallels to use on small and =
micros=20
but if this is true we are not taught those rules or given the same =
info on=20
IBD to decipher the stocks. Sorry about the losses-the =
markets=20
been rough, small cap index is starting down recently.</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 03, =
2002 3:44=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] IBD =
"Bull"=20
Call</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Zillagirl, not sure of your point. I have =
been using=20
nothing but my version of CANSLIM for years, and invested in nothing =
but=20
small and micro caps. I need no other system than CANSLIM, despite =
the lousy=20
"M" we have been having. Granted, I break lots of rules, and it has =
cost me=20
in the past week or so pretty severely, essentially giving up my =
profits for=20
the year due lack of attention and time.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Biggest single difficulty with small and =
micro caps,=20
aside from a lack of liquidity on many if you are buying large =
positions, is=20
that you usually cannot use stop buy or stop sell orders. Most =
brokers will=20
not accept stop orders unless they are NYSE / AMEX =
listed.</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> =
<A=20
title=3Dzillagirl@email.msn.com=20
href=3D"mailto:zillagirl@email.msn.com">zillagirl</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV><B>Sent:</B> Tuesday, July 02, 2002 10:58 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] IBD "Bull" Call</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I have a theory on small =
caps,although Im sure=20
some of you are tired of hearing from me today.(smile) there =
is a lot=20
of money to be made in the right small caps. I would almost bet IBD =
does=20
research in all caps -not just the ones he posts on his site. =
Esp. for=20
small cap mutual funds, etc. Some of them have good earnings, new =
products,=20
the M is on their side right now compared to the other =
indexes. Someone=20
is buying these stocks and making a lot of money on them before they =
ever=20
hit a canslim list.(you can buy a lot more shares at 5.00 then =
with=20
25.00 eventhough the risk is greater)If in this market the risk can =
be=20
greater. I cant help but think that there is a trading system with=20
established % on earnings, growth, etc. but it is not available to =
us. And=20
Im sure it would not be with the same =
criteria as the=20
canslim system we are given. Its great to ride a stock from 5 to 15 =
or 20=20
dollars and then a whole new set of buyers comes in. I could be =
wrong but if=20
the research is done I feel it should be made available to us-buyer=20
beware. In this market when small caps seem to have been hit =
the least=20
and canslim seems to be in reverse half the time, we could use =
more=20
then 'one day the market will turn' from IBD.I would like to think =
bill is=20
protecting us from bad investments but as anyone who read my posts =
today can=20
see-my rose colored glasses got broken somewhere. PS dont get me =
wrong I=20
love canslim but its like following the indexes-when they drop - you =
might=20
have to think about shorting. </FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 02, =
2002 6:15=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] IBD =
"Bull"=20
Call</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>interesting he avoids mentioning the =
Russell 2000,=20
is it just too small for him?</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> =
<A=20
title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV><B>Sent:</B> Tuesday, July 02, 2002 9:12 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] IBD "Bull" Call</DIV></DIV>
<DIV><BR></DIV>
<DIV>Hi Jon,</DIV>
<DIV> </DIV>
<DIV>I've often wondered about that same thing as it's certainly =
not=20
obvious there's a Bull market anywhere in sight if looking at the =
Nasdaq,=20
S&P500 or Dow. Here's an interesting "Ask Bill" from today =
that might=20
"explain" their point of view.</DIV>
<DIV> </DIV>
<DIV>--Katherine</DIV>
<DIV> </DIV>
<DIV>
<TABLE cellSpacing=3D0 cellPadding=3D0 width=3D"80%" border=3D0>
<TBODY>
<TR>
<TD vAlign=3Dtop colSpan=3D2><FONT size=3D2>
<H2 class=3Dtxthead>Ask Bill O'Neil 7/2/02</H2><!--<span =
class=3D"sub"><b>Sponsored By Your =
Company</b></span><br>--> </FONT></TD><!--<td align=3D"center" =
rowspan=3D"3" class=3D"txtsubxsml"><font size=3D"1">
<a href=3D"../about/WJO.asp"><img src=3D"../images/staWJO2.gif" =
width=3D"59" height=3D"85" border=3D"0" alt=3D"William J. O'Neil"><br>
<u>William J. O'Neil</u></a><br>
<nobr>Chairman & Founder<br>
Investor's Business Daily</nobr></font></td>--></TR>
<TR>
<TD class=3Dcopy vAlign=3Dtop><FONT size=3D2> Q: Would =
you classify=20
the period from late Sept. 2001 to Jan. 2002 as a "bull =
market" or a=20
"bear-market rally"? </FONT></TD>
<TD> </TD></TR>
<TR>
<TD class=3Dcopy vAlign=3Dbottom align=3Dright><FONT=20
size=3D2><B><I>- Submitted from</I></B>=20
<B><I>Thornhill,</I></B> <B><I>Canada</I></B> </FONT></TD>
<TD> </TD></TR>
<TR>
<TD class=3Dcopy vAlign=3Dtop colSpan=3D2><FONT =
size=3D2> <BR>
<SCRIPT language=3DJavaScript>
<!--
OAS_AD('www.investors.com/AskBill250', 'x17');
//-->
</SCRIPT>
<SCRIPT language=3DJavaScript1.1=20
=
src=3D"http://oascentral.investors.com/RealMedia/ads/adstream_jx.ads/www.=
investors.com/AskBill250/1567613433@x17?_RM_HTML_TARGET_=3D_blank"></SCRI=
PT>
A:<A=20
=
href=3D"http://oas-central.realmedia.com/RealMedia/ads/click_lx.ads/www.i=
nvestors.com/AskBill250/124150637/x17/Investors/BCN2002050034_Cyber_250x2=
50/chess250x250.gif/34323230333035613363363331613030"=20
target=3D_blank></A> The bear market is alive and kicking on =
the=20
Nasdaq. But the smaller-cap indexes such as the S&P 600 =
and=20
S&P MidCap 400 are just 10% to 11% below their all-time =
highs.=20
For them, the current decline is a correction in a bull =
market.=20
</FONT></TD></TR></TBODY></TABLE></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Djlobatto@nyc.rr.com =
href=3D"mailto:jlobatto@nyc.rr.com">J.=20
Lobatto</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 02, =
2002 8:04=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] IBD =
"Bull"=20
Call</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2>I wonder how =
long IBD is=20
going to continue running that ad I've seen there featuring a =
graphic=20
illustrating how they called the new bull market last=20
=
fall???</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE><=
/BODY></HTML>
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