Go to Jeff Salisbury LWGate Home Page.From: Chris Dempsey <cdempsey@houston.oilfield.slb.com>
Subject: RE: [CANSLIM] In this trader's market
Date: Thu, 16 Jan 2003 06:59:40 -0600
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Add PIXR to the downgrade list yesterday.
I believe that if you follow the market and CANSLIM long enough you will
find that over 50% of your stock transactions with losses came from analysts
down grades. The analysts are generally wrong but you must still follow the
rules, causing you to get out at inopportune times.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of rchodes
Sent: Wednesday, January 15, 2003 10:11 PM
To: Canslim
Subject: [CANSLIM] In this trader's market
I've only followed this thread for less than a year now so I don't have a
good historical perspective on the fate of CANSLIM stocks in a "trading
market" (if that is what we are in). A couple of stocks BLUD and SFNT got
slammed by downgrades today on valuation. No bad news as far as I could
tell or even a chart pattern that I'd call a climax run. Just some analyst
who felt that the stock got ahead of itself.
Is this a common fate for CANSLIM stocks or a relatively new trend by
analysts to show that they are not afraid to downgrade a stock to a HOLD or
even a SELL.
SNFT looks like it found some buying support when it approached the former
base but BLUD (LLUR) got killed.
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<p class=MsoNormal><font size=3 color=navy face="Times New Roman"><span
style='font-size:12.0pt;color:navy'>Add PIXR to the downgrade list yesterday.</span></font><font
color=navy><span style='color:navy;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=navy face="Times New Roman"><span
style='font-size:12.0pt;color:navy'><![if !supportEmptyParas]> <![endif]></span></font><font
color=navy><span style='color:navy;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=navy face="Times New Roman"><span
style='font-size:12.0pt;color:navy'>I believe that if you follow the market and
CANSLIM long enough you will find that over 50% of your stock transactions with
losses came from analysts down grades. The analysts are generally wrong but you
must still follow the rules, causing you to get out at inopportune times.</span></font><font
color=navy><span style='color:navy;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal><span class=EmailStyle15><font size=2 color=navy face=Arial><span
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<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style='font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]<b><span
style='font-weight:bold'>On Behalf Of </span></b>rchodes<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, January 15, 2003
10:11 PM<br>
<b><span style='font-weight:bold'>To:</span></b> Canslim<br>
<b><span style='font-weight:bold'>Subject:</span></b> [CANSLIM] In this
trader's market</span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'><![if !supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>I've
only followed this thread for less than a year now so I don't have a good
historical perspective on the fate of CANSLIM stocks in a "trading
market" (if that is what we are in). A couple of stocks BLUD and
SFNT got slammed by downgrades today on valuation. No bad news as far as I
could tell or even a chart pattern that I'd call a climax run. Just some
analyst who felt that the stock got ahead of itself.</span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'> </span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>Is this
a common fate for CANSLIM stocks or a relatively new trend by analysts to show
that they are not afraid to downgrade a stock to a HOLD or even a SELL.</span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'> </span></font><font
color=black><span style='color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>SNFT
looks like it found some buying support when it approached the former base but
BLUD (LLUR) got killed.</span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
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Next Article (by Author): [CANSLIM] U/D algorithm Eric Jaenike
Top of Thread: RE: [CANSLIM] In this trader's market "Katherine Malm"
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