Go to Jeff Salisbury LWGate Home Page.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 > > > > - > -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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