RE: [CANSLIM] sweet chart

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: RE: [CANSLIM] sweet chart
Date: Wed, 10 Jul 2002 11:03:58 -0600

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This statement made me a bit curious about just how many stocks are up that 
much, so I wrote a quick scan to spit out all of the stocks that are up more than 35% 
this year, there are actually a fair number of them.  Screening only for stocks that 
were above 16 a share on Jan 3, I came up with about 120 that have moved up at 
least 35%.  A little further restriction, up 35% still, with avg. daily volume of 40K and 
EPS rank of 80, and the list was down to 27 stocks.  That is really not that many 
stocks out of the 7,000 or so that are out there.  Many of these topped out in March 
and are basing, guess those are good candidates for whatever time the market 
finally turns up again.

Anyway, the odds are still against you, just hanging on to what you have and not 
losing money is sometimes an acceptable strategy, I think this is one of those times.

On 10 Jul 2002 at 10:23, michael_niemotka@baxter.com wrote:

> I keep hearing the group saying that M is bad, and I can't disagree, but it
> sure seems that when I am looking at IBD everyday, and looking at the stocks
> in the news, etc, there are a LOT that are up 30, 40 even 60% this year.  It
> is difficult to see those charts, and to be continually told that we should
> be sitting on the sidelines...

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