Re: [CANSLIM] ATK & LLL gap down, why?

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] ATK & LLL gap down, why?
Date: Tue, 17 Sep 2002 20:35:59 -0700

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I'll second that. I'm even scratching my head trying to come up with stocks
for my virtual fund - I'm supposed to have 65% longs in it, and I can only
identify one stock I like in a strong uptrend. No wonder its so hard to make
money in mutual funds - asset allocation rules from the SEC forces them into
losing positions even if the fund manager might want to have a lot more
cash. It's been a real eye-opener for me.

In my personal accounts, I only have the one long. It's ugly out there.

Ian




- ----- Original Message -----
From: Katherine Malm <kmalm@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, September 17, 2002 10:16 AM
Subject: Re: [CANSLIM] ATK & LLL gap down, why?


> Hi Warren,
>
> I noticed that all the A&D stocks gapped down at the open today and I
> suspect it was a knee-jerk reaction to the news with Iraq. Many of them
> appear to be inching up toward their high, however, so would guess that
A&D
> will continue it's current uptrend. For the most part, however, the market
> as a whole seems inclined to continue it's larger downtrend--shorts are
> chomping at the bit and this is an ideal spot to add to positions as
stocks
> pullback to their downtrends and post yet another lower high before
rolling
> over again. Bad news for CANSLIM long strategies for the moment.
>
> Katherine
>
> ----- Original Message -----
> From: "Warren Keuffel" <wkeuffel@xmission.com>
> To: "CANSLIM list" <canslim@lists.xmission.com>
> Sent: Tuesday, September 17, 2002 12:01 PM
> Subject: [CANSLIM] ATK & LLL gap down, why?
>
>
> | Any thoughts on why these two stocks (maybe more, I haven't checked)
> | gapped down today? LLL announced an acquisition, but I don't see that
> | affecting ATK. I suspect it has to do with Bush and Iraq but I would
> | think this would enhance defense stocks.
> |
> | Thanks,
> | Warren
> |
> |
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