Re: [CANSLIM] WON Archives

From: Spencer48@aol.com
Subject: Re: [CANSLIM] WON Archives
Date: Mon, 05 Aug 2002 11:05:20 -0400

Previous Article (by Author): Re: [CANSLIM] charts and patterns questions Spencer48@aol.com
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Canslimmers:

     This is from August 1 in investors.com.  I thought-especially at this time-it would be most appropos:

     "Can the market indexes still bottom even though there don't appear to be very many promising stocks with solid bases? " 
- - Submitted from Reno, Nev.  
 
  Yes, indexes can bottom without having many promising stocks around. Just because we had a follow-through does not mean you run out and randomly buy stocks. All of the CAN SLIM characteristics must be present before you buy. The stock must have superior fundamentals, be a leader in its group, be in a leading group and break out of a sound base. If you can’t find any stocks that meet these criteria, stay in cash until you find them. If we start a new bull market, there will be lots of proper stocks to choose from. But that may take a while, so be patient and picky." 

                              jans



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