Re: [CANSLIM] OT?? - sign of the times??? I hope not!!

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] OT?? - sign of the times??? I hope not!!
Date: Fri, 30 Aug 2002 08:23:42 -0500

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FWIW (for what it's worth), I saw on TV, BTV I think,  that the upgrade was
based strictly on valuation (i.e. p/e) and not on business profitability,
present or future.

Norm

- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: "CANSLIM" <canslim@lists.xmission.com>
Sent: Thursday, August 29, 2002 10:53 PM
Subject: [CANSLIM] OT?? - sign of the times??? I hope not!!


> Yahoo traded over 3X ADV and up over 12% after Merrill upgraded it from
> "sell" to "neutral". Gee, that sure seems like a reason why I would want
to
> own it??
>
> I would admit that lately, "M" seems to respond favorably more often to
good
> news, and tank less. And bad news doesn't seem to be bringing about so
many
> 30-50% declines. But I am still struggling to see an "upgrade" by a major
> wirehouse from sell to neutral (you won't lose money any faster here than
> with the rest of the market, but then you won't make any more either, so
why
> not risk your capital) as constituting good news sufficient to buy this
> stock.
>
> Am I missing something here?
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
>
>
>
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