Re: [CANSLIM] buying after a missed breakout

From: Spencer48@aol.com
Subject: Re: [CANSLIM] buying after a missed breakout
Date: Tue, 25 Mar 2003 22:37:56 EST

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Mike,

     In the 3/24/03 Ask WON in investors.com a related question was asked, 
viz. Should I buy stocks BO even though the Mkt is not yet ready? WON's 
answer is this:  
     "You might miss a few stocks that jump out of the gate early. But to 
chase these stocks in the absence of a confirmed rally raises the risk of the 
market turning against you. Indeed, scores of failed rallies have burned 
impatient investors over the past three years. As stocks truly embark on a 
new bull market or at least a significant trading rally, you will have plenty 
of chances in the first weeks and months to buy leaders without incurring 
unnecessary risk. If you want to learn more about follow-through, check an 
article in the Investor's Corner Archives."

     The Investor's Corner Archive is 11/17/2000, and its URL is:  
http://www.investors.com/learn/ICmarket06.asp

jans



In a message dated 3/25/2003 3:21:41 PM Eastern Standard Time, 
michael_niemotka@baxter.com writes:

<< In the last few days, we have seen a number of stocks breaking out of good
 bases. Only time will tell if they hold, but I was wondering what people's
 thoughts were in regards to buying the stocks later, if they missed the
 breakout.... >>

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