Re: WON & FTD (was:[CANSLIM] Cramer)

From: "Norman" <theboyd@tisd.net>
Subject: Re: WON & FTD (was:[CANSLIM] Cramer)
Date: Tue, 30 Jul 2002 07:24:46 -0500

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Good point about leading stocks Katherine.  The same point is made in
today's Weblink, from which the <snip> below comes from.

<snip>
Though the Nasdaq followed through on Wednesday's initial rally, investors
shouldn't rush out to buy stocks. First, volume gains lagged the massive
point gains on the major indexes. Also, few leading stocks feature
good-looking bases. Without a spate of leading stocks, a rally by the major
indexes holds less promise.
</snip>

One can buy today and maybe grab some early returns, but there will be many
more less-risky opportunities if this is really a sustained rally.

norm

- ----- Original Message -----
From: "Katherine Malm" <kmalm@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Monday, July 29, 2002 9:04 PM
Subject: Re: WON & FTD (was:[CANSLIM] Cramer)


MessageHi Duke,

The market "officially" made a FTD today, but the point that WON made was
that you can't have a strong bull market with only a few leading stocks such
as AZO. That may be boilerplate, but an important element of WON's
discipline. I think the comments in tomorrow's "Big Picture" are equally as
cautious.

He did make a point which has been made several times in the IBD lately, and
that is that the obvious leaders at this point are consumer stocks and are
very unlikely to be the fallen angel tech stocks of the last Bull. Wise
advise, as the uninitiated will be jumping on the old leaders while the
smart folks will be following new leadership to decent gains.

Katherine
  ----- Original Message -----
  From: Duke Miller
  To: canslim@lists.xmission.com
  Sent: Monday, July 29, 2002 8:31 PM
  Subject: RE: [CANSLIM] Cramer


  The only thing I learned from this show tonight is Autozone (I don't have
a position yet) is one hell of a company and possibly the "model" for
tomorrow's winners.  And Bill O'Neil pretty much brushed them off, answering
a question about Autozone with his "there are no apparent new leaders"
mantra.

  For those of you who did not see the show tonight, you missed nothing from
Bill.  He just towed the usual CANSLIM Investors Corner line.  And
obviously, no call on whether or not today was an FTD.  That remains to be
called after (way after?) the fact...as usual.

  Duke


  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
  Sent: Monday, July 29, 2002 8:34 PM
  To: canslim@lists.xmission.com
  Subject: Re: [CANSLIM] Cramer


    he's just like a lawyer...never ask questions for which you don't know
the answer :))
      ----- Original Message -----
      From: David Taggart
      To: canslim@lists.xmission.com
      Sent: Monday, July 29, 2002 7:29 PM
      Subject: [CANSLIM] Cramer


      Gotta love the P/E ?  Kudlow asked WON about P/E he says I dont really
pay attention to it.  If he really reads the paper why did he bother asking
that question?



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