Re: [CANSLIM] (CANSLIM) TBl and MATK

From: AJAskey@aol.com
Subject: Re: [CANSLIM] (CANSLIM) TBl and MATK
Date: Sat, 19 Apr 2003 14:09:06 EDT

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Top of Thread: Re: [CANSLIM] (CANSLIM) TBl and MATK "gagnonr001@hawaii.rr.com"
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In a message dated 4/19/2003 8:38:31 AM Central Daylight Time, 
gagnonr001@hawaii.rr.com writes:

> Thanks for the info.  No car loan to pay not bills to pay.  So I am now
> looking for another investment.  Got any ideas ;=-)
> 

Roger,

Well, a few weeks ago I would have suggested HITK :)  Actually, if I had sold 
like you, I would be looking for a pullback position to buy.  The middle 
Bollinger band (20dma) around 25.50 would be a place I would give it a look 
to see how it was doing technically.  The only negative I see is the RSI is 
rolling over which suggests a pull back or at least a pause.  If it is a 
pause then it is really bullish and I would buy a breakout of the pause.  
This would put you back in about where you sold but keep you out while the 
short term risk of a pullback favors more gain.  If it does pullback on low 
volume then I would buy it near the middle Bollinger band.  This isn't 
discussed in WONs CANSLIM books, but it really is a lower risk way of 
"holding" during a correction.

Andy

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<HTML><FONT FACE=3Darial,helvetica><FONT  SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=
=3D"Arial" LANG=3D"0">In a message dated 4/19/2003 8:38:31 AM Central Daylig=
ht Time, gagnonr001@hawaii.rr.com writes:<BR>
<BR>
<BLOCKQUOTE TYPE=3DCITE style=3D"BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT=
: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Thanks for the info.&nbsp; No c=
ar loan to pay not bills to pay.&nbsp; So I am now<BR>
looking for another investment.&nbsp; Got any ideas ;=3D-)<BR>
</BLOCKQUOTE><BR>
<BR>
Roger,<BR>
<BR>
Well, a few weeks ago I would have suggested HITK :)&nbsp; Actually, if I ha=
d sold like you, I would be looking for a pullback position to buy.&nbsp; Th=
e middle Bollinger band (20dma) around 25.50 would be a place I would give i=
t a look to see how it was doing technically.&nbsp; The only negative I see=20=
is the RSI is rolling over which suggests a pull back or at least a pause.&n=
bsp; If it is a pause then it is really bullish and I would buy a breakout o=
f the pause.&nbsp; This would put you back in about where you sold but keep=20=
you out while the short term risk of a pullback favors more gain.&nbsp; If i=
t does pullback on low volume then I would buy it near the middle Bollinger=20=
band.&nbsp; This isn't discussed in WONs CANSLIM books, but it really is a l=
ower risk way of "holding" during a correction.<BR>
<BR>
Andy</FONT></HTML>

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