Re: [CANSLIM] CECO and COCO

From: James Bond <james_bond_3rd@yahoo.com>
Subject: Re: [CANSLIM] CECO and COCO
Date: Tue, 22 Oct 2002 20:30:50 -0700 (PDT)

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If someone were really following CANSLIM, he/she
should have largely avoided the school stocks. When
everyone was so excited by the kukoo's, I looked hard
but couldn't find a reason to buy them. Most of the
stocks in this group had three strikes against them:
1. Late stage bases; 2. extremely high institutional
ownership (remember that "I" stands for reasonable
ownship - below 50%); and 3. unfavorable insider
actions. Of all the major shool stocks only EDMC was
marginally buyable. So I looked at the smaller stocks
and found CCDC and WIX which looked much better.
Unfortunately (or fortunately) CCDC brokeout before
the market was ready, and WIX never made a move. It's
interesting that CCDC did not move in sympathy with
the group and made a new high today.

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