Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Housing stocks
Date: Wed, 17 Jul 2002 23:00:04 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_00E3_01C22DE5.AFF9F570 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I disagree, Jon, and for opposite reasons. The housing stocks have done = very well in a market that has continued to trend ever lower. For just = that reason, those investors that chose to stay invested on the long = side (me and two others, I think), would be more likely to take profits = on the housing stocks to jump into some "momentum" big or mid caps when = the rallies start and look like they could take off. I see this especially on a lot of my small / micro caps that have done = well, when the market rallies on heavy volume from the very liquid big = cap names, the little guys tend to either sell off or at least not get = any new money running into them, all the action is concentrated on the = bigger names where less risk is perceived against the perceived "value" = (everyone loved them at $45, so they must be a real bargain at $18). - ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 17, 2002 11:29 AM Subject: [CANSLIM] Housing stocks Another negative sign are the once mighty housing stocks. This group has = been a leader all year reflecting the hosuing boom we've discussed here = before. In the past couple of weeks these stocks have been hammered. If = these stocks were going to bounce back (as they've done before), today's = rally should have been the perfect opportunity, but it appears they are = now leading the retreat down. Jon=20 - ------=_NextPart_000_00E3_01C22DE5.AFF9F570 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>I disagree, Jon, and for opposite reasons. The = housing=20 stocks have done very well in a market that has continued to trend ever = lower.=20 For just that reason, those investors that chose to stay invested on the = long=20 side (me and two others, I think), would be more likely to take profits = on the=20 housing stocks to jump into some "momentum" big or mid caps when the = rallies=20 start and look like they could take off.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I see this especially on a lot of my small / = micro caps=20 that have done well, when the market rallies on heavy volume from the = very=20 liquid big cap names, the little guys tend to either sell off or at = least not=20 get any new money running into them, all the action is concentrated on = the=20 bigger names where less risk is perceived against the perceived "value"=20 (everyone loved them at $45, so they must be a real bargain at=20 $18).</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=3Djlobatto@nyc.rr.com href=3D"mailto:jlobatto@nyc.rr.com">J. = Lobatto</A>=20 </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 17, 2002 11:29 AM</DIV> <DIV><B>Subject:</B> [CANSLIM] Housing stocks</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial color=3D#0000ff>Another negative sign are = the once=20 mighty housing stocks. This group has been a leader all year reflecting = the=20 hosuing boom we've discussed here before. In the past couple of weeks = these=20 stocks have been hammered. If these stocks were going to bounce back (as = they've=20 done before), today's rally should have been the perfect opportunity, = but it=20 appears they are now leading the retreat down.</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial = color=3D#0000ff>Jon</FONT> </DIV></BODY></HTML> - ------=_NextPart_000_00E3_01C22DE5.AFF9F570-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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