RE: [CANSLIM] more breakouts

From: "Fred Richards" <ffradrich@attbi.com>
Subject: RE: [CANSLIM] more breakouts
Date: Fri, 21 Mar 2003 10:18:35 -0600

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Perhaps, I am just an old fraidy-cat.  But with the international
situation being what it is, I would be cautious about any possible rally
or breakout.  Not saying that you can't make money on selected stocks,
but rather why take the stress with the risk/reward ratios being
somewhat suspect?

They have already found WMD in Iraq according to recent reports and of
course, you know about the scuds that Iraq doesn't have apparently being
blown up by Patriot missiles.  This is a very emotional market at the
moment.

The economics are really good and now most Wall St guru's are writing
off the 1st half of 2003 and some are talking about the recovery coming
in the first half of 2004.  Based upon their recent track record, I
suppose that eventually they will be correct.  Doesn't snake eyes even
occasionally come up on a roll of the dice?

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, March 21, 2003 9:17 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] more breakouts


All,

For anyone who is using the cwhcharts.com site, today there are already
8 breakout alerts!  Does this mean that M is finally taking off?  I have
noticed though that none of the recent ones are from the WON lists, and
am wondering if that should be a reason for caution.

Katherine, any comments?

Thanks

Mike

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com



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