Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] buying/bear/new bull
Date: Thu, 1 Aug 2002 07:56:52 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0026_01C23930.FF928100 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable WOW, Ann...what a terrific summary. Thanks for posting it...I'll be = adding it to my CANSLIM binder. Katherine ----- Original Message -----=20 From: Ann=20 To: CANSLIM Listserv=20 Sent: Wednesday, July 31, 2002 7:26 PM Subject: [CANSLIM] buying/bear/new bull I gleaned the following from Investors Corner, HTMMIS (3rd ed.), = notes, Duke's TV transcription, and various messages sent by the wise and experienced contributors to this list over the past few weeks/months! Please correct me if any of the info is wrong. It's also not very well organized. ******** CANSLIM Buying at the end of Bear Market 7/02 Go beyond Follow Through Day for guarantee of M returning. Bases may go as low as 40-50% if huge prior advance. Base may not have handle during beginning of Bull. Stocks may try to = stage breakout from deep within bases. See whether they can break the = resistance. (2/3 of those won't make it, WON says elsewhere) Flat bases may be especially powerful (refused to go lower in Bear). = Also, base-on-base formations, ascending bases. Ok if handle is down 20-30%; some handles may form higher than left rim. But cup and handle should still be proportional. Bases may be formed below all-time high. Look for healthy, long base. Look for base patterns which deteriorated the least during the Bear (abnormal strength in weak market), hold up as well as, or better than averages. Buy within 2-3% of pivot point. No pyramiding until the Bull is well underway. Beware of faults in bases-wide, loose bases; or bases that are too = short. Odds of success lower if stock breaks out to 52-week high (not = all-time high), but some turnarounds or cyclicals become winners, due to change = in M or fundies. Look for other positive factors. Bases may take years to = reach old highs. In emerging Bull, stock may gap up on b.o. Can buy, but put less money = in than you usually do, for protection. Only sell if drops below your = pivot. If pulls back on lighter volume, it's ok. WON (on Kudlow and Cramer): I would be looking for stocks that have = 10-12 quarters in a row of earnings up with acceleration in earnings. = (Thanks, Duke.) Elsewhere, I had written down 5-10 consecutive quarters of sustained profit growth and accelerating growth rates. Stocks whose earnings estimates buck the trends. Ann - ------=_NextPart_000_0026_01C23930.FF928100 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>WOW, Ann...what a terrific summary. Thanks for posting it...I'll be = adding=20 it to my CANSLIM binder.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=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=3Dannholly@attbi.com = href=3D"mailto:annholly@attbi.com">Ann</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 Listserv</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, July 31, 2002 = 7:26=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] = buying/bear/new=20 bull</DIV> <DIV><BR></DIV>I gleaned the following from Investors Corner, HTMMIS = (3rd=20 ed.), notes,<BR>Duke's TV transcription, and various messages sent by = the wise=20 and<BR>experienced contributors to this list over the past few=20 weeks/months!<BR><BR>Please correct me if any of the info is wrong. = It's also=20 not very well<BR>organized.<BR><BR>********<BR>CANSLIM Buying at the = end of=20 Bear Market<BR>7/02<BR><BR>Go beyond Follow Through Day for guarantee = of M=20 returning.<BR><BR>Bases may go as low as 40-50% if huge prior=20 advance.<BR><BR>Base may not have handle during beginning of Bull. = Stocks may=20 try to stage<BR>breakout from deep within bases. See whether they can = break=20 the resistance.<BR>(2/3 of those won't make it, WON says=20 elsewhere)<BR><BR>Flat bases may be especially powerful (refused to go = lower=20 in Bear). Also,<BR>base-on-base formations, ascending bases.<BR><BR>Ok = if=20 handle is down 20-30%; some handles may form higher than left<BR>rim. = But cup=20 and handle should still be proportional.<BR><BR>Bases may be formed = below=20 all-time high. Look for healthy, long base.<BR><BR>Look for base = patterns=20 which deteriorated the least during the Bear<BR>(abnormal strength in = weak=20 market), hold up as well as, or better than<BR>averages.<BR><BR>Buy = within=20 2-3% of pivot point. No pyramiding until the Bull is=20 well<BR>underway.<BR><BR>Beware of faults in bases-wide, loose bases; = or bases=20 that are too short.<BR><BR>Odds of success lower if stock breaks out = to=20 52-week high (not all-time<BR>high), but some turnarounds or cyclicals = become=20 winners, due to change in M<BR>or fundies. Look for other positive = factors.=20 Bases may take years to reach<BR>old highs.<BR><BR>In emerging Bull, = stock may=20 gap up on b.o. Can buy, but put less money in<BR>than you usually do, = for=20 protection. Only sell if drops below your pivot. If<BR>pulls back on = lighter=20 volume, it's ok.<BR><BR>WON (on Kudlow and Cramer): I would be looking = for=20 stocks that have 10-12<BR>quarters in a row of earnings up with = acceleration=20 in earnings. (Thanks,<BR>Duke.) Elsewhere, I had written = down 5-10=20 consecutive quarters of<BR>sustained profit growth and accelerating = growth=20 rates.<BR><BR><BR>Stocks whose earnings estimates buck the=20 trends.<BR><BR>Ann<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0026_01C23930.FF928100-- - - - -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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