Go to Jeff Salisbury LWGate Home Page.From: "Donald Wallker" <dougald@dmv.com>
Subject: Re: [CANSLIM] Tomorrow
Date: Wed, 31 Jul 2002 17:21:23 -0400
Previous Article (by Date): Re: [CANSLIM] Institutional Ownership Gene Ricci
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I'm so glad to hear from someone in the thick of things that tells me =
that emotions, rather than hide-bound calculations ,rule the day in =
the market. In truth, I'd rather take a risk, based on the sentiment of =
the marketplace together with some reasonable input, than to always hang =
my hat on CANSLIM. For example, early this morning I came within a =
hair of buying into AYE, not because I thought it was a great investment =
but because, at the opening bell it was paying close to %10 in =
dividends and I knew in my heart that that would not last. Rather, I =
thought I could easily take a %10 to %15 profit by buying early and =
selling late today, since, no doubt, the brokers would be pushing the =
stock. As it turned out, the ere was more that %10 invloved However, =
I found a potentially more favorable, but admittedly longer term =
investment, that is, LNOP. for less that its closing price. I'd rather =
run a risk for a %500 gain than c\to ontinuously rake in %10 plus gains. =
It's all a matter of perspective ------ Donald=20
----- Original Message -----=20
From: Fred Richards=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 31, 2002 4:46 PM
Subject: RE: [CANSLIM] Tomorrow=20
Heck, it was just the wise guys pushing the market up at the end. =
Check the volume. Today was month end and they were trying to pretty up =
things. The turnaround looks very suspicious from my perspective =
particularly as almost all of the recent ones have occurred after 3 p.m. =
in NY including this one.
For me, I'll look at what the overseas markets are doing and the =
pre-market NASDAQ indicator before getting too excited. Further more, =
they were substantially more new lows than new highs for both the NYSE =
and the NASDAQ.=20
But emotions, not facts, rule markets even among the big players.
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Donald Wallker
Sent: Wednesday, July 31, 2002 3:06 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Tomorrow=20
"Tomorrow, tomorrow, there's always tomorrow, it's only a day away." =
And I suspect that it will be a be a Bull day tomorrow given the =
turn-around in todays trading. At this writing we are not yet closed, =
but we are far, far up from today's earlier market weakness, which =
normally bodes well for tomorrow. So-- to everyone in the Group i bid =
you a Happy Tomorrow! - - Donald=20
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<DIV><FONT face=3DArial size=3D2>I'm so glad to hear from someone in the =
thick of=20
things that tells me that emotions, rather than=20
hide-bound calculations ,rule the day in the market. =
In truth,=20
I'd rather take a risk, based on the sentiment of the marketplace =
together with=20
some reasonable input, than to always hang my hat on =
CANSLIM. For=20
example, early this morning I came within a hair of buying into =
AYE, not=20
because I thought it was a great investment but because, at the opening =
bell it=20
was paying close to %10 in dividends and I knew in my =
heart=20
that that would not last. Rather, I thought I could easily take a =
%10 to=20
%15 profit by buying early and selling late today, since, no =
doubt, the=20
brokers would be pushing the stock. As it turned out, the ere was =
more=20
that %10 invloved However, I found a potentially=20
more favorable, but admittedly longer term investment, that =
is, LNOP.=20
for less that its closing price. I'd rather run a risk for a %500 gain =
than c\to=20
ontinuously rake in %10 plus gains. It's all a matter of=20
perspective ------ Donald </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=3Dadrich@gte.net href=3D"mailto:adrich@gte.net">Fred =
Richards</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> Wednesday, July 31, 2002 =
4:46=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Tomorrow =
</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Heck, it was just the wise guys pushing the market up at the =
end. Check=20
the volume. Today was month end and they were trying to pretty up=20
things. The turnaround looks very suspicious from my perspective=20
particularly as almost all of the recent ones have occurred after 3 =
p.m. in NY=20
including this one.</FONT></SPAN></DIV>
<DIV><SPAN class=3D000053820-31072002></SPAN> </DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff size=3D2>For=20
me, I'll look at what the overseas markets are doing and the =
pre-market NASDAQ=20
indicator before getting too excited. Further more, they were =
substantially=20
more new lows than new highs for both the NYSE and the NASDAQ.=20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D000053820-31072002><FONT face=3DArial =
color=3D#0000ff size=3D2>But=20
emotions, not facts, rule markets even among the big=20
players.</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>Donald=20
Wallker<BR><B>Sent:</B> Wednesday, July 31, 2002 3:06 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Tomorrow=20
<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>"Tomorrow, tomorrow, there's always =
tomorrow,=20
it's only a day away." And I suspect that it will be a =
be a Bull=20
day tomorrow given the turn-around in todays trading. At this =
writing=20
we are not yet closed, but we are far, far up from today's =
=20
earlier market weakness, which normally bodes well for =
tomorrow. So--=20
to everyone in the Group i bid you a Happy Tomorrow! - -=20
Donald </FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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