Go to Jeff Salisbury LWGate Home Page.From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] analysts
Date: Mon, 12 Aug 2002 22:38:16 -0600
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I think most of the people on this list are probably a fairly select group of investors that mostly know what they are doing, most of the time, and are ignoring upgrades and downgrades and know enough not to go down with the ship when a stock starts heading south. But I think we've all seen stories about investors who have lost huge percentages of their retirement funds in the last year or two. So someone is still listening to the mostly useless information being spewed forth on a daily basis by the brokerages. I guess its for those people that I get a little angry at the brokerages. For the more informed investor, you are correct, that stuff doesn't even get into the decision making process, its not even a tiny blip on the investing radar screen. On 12 Aug 2002 at 22:53, Tom Worley wrote: > Patrick, I agree, but for me that is just "noise". Out of curiosity, I took > a look at the charts this morning of both US Airways and Conseco, both in > the news before the open for different, but horribly negative, reasons. It > took only a glance for me to know I never would have been in these stocks > anytime in the past months, if not a year or more. So the reasons for the > price declines now being revealed are moot, the chart tells me there was > something wrong a long time ago, and the insiders (and those close to the > insiders trading on their hints, tips, or whatever) only served to emphasize > what the chart was already saying. Enron, Worldcom, Global Crossing (sold - - - -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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