Go to Jeff Salisbury LWGate Home Page.From: "Ann" <annholly@attbi.com>
Subject: Re: [CANSLIM] buying/bear/new bull
Date: Thu, 1 Aug 2002 11:55:24 -0400
Next Article (by Subject): Re: [CANSLIM] canslim stocks "Winston Little"
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Katherine, Tom, Thanks for all you both do on a daily basis. I'm glad *I* could finally contribute something to the group! Let me know if there are mistakes in there. I find a lot of apparent discrepancies as I study CANSLIM--only to find out later that I just have to look at the situation more carefully. Ann - ----- Original Message ----- From: "Tom Worley" <stkguru@bellsouth.net> To: <canslim@lists.xmission.com> Sent: Thursday, August 01, 2002 12:18 AM Subject: Re: [CANSLIM] buying/bear/new bull : thanks, Ann, nice summary, and worth some thought : : ----- Original Message ----- : From: "Ann" <annholly@attbi.com> : To: "CANSLIM Listserv" <canslim@lists.xmission.com> : Sent: Wednesday, July 31, 2002 8:26 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 : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - - - -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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