Re: [CANSLIM] M - are we done for now?


From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] M - are we done for now?
Date: Mon, 19 May 2003 13:18:24 -0500

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Ed, if you don't mind, what are the issues for your more than 3-5% =
correction?

Gene

  ----- Original Message -----=20
  From: Edward W. Gjertsen II=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, May 19, 2003 12:48 PM
  Subject: [CANSLIM] M - are we done for now?


  Up until last week we were 90% invested, 11 positions.  We have cut =
back two positions today and a couple more are on the bubble for a =
haircut.  The leaders (we are assuming we are in some) are coming under =
heavier selling pressure than the markets.  There are several issues =
that concern us that this is more then a 3-5% correction in this =
countertrend rally, but we will wait and see. =20



  These are the times where your discipline is key.  You should have =
sell stops at the very least written down if not in the market on all =
your positions.  Don't panic, just play out your game plan.  Remember - =
bruised is better than beaten.







  Ed Gjertsen II

  ed@macktracks.com





  Confidentiality Notice: This e-mail message, including any =
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contain confidential and privileged information.  Any unauthorized =
review, use, disclosure or distribution is prohibited.  If you are not =
the intended recipient, please contact the sender by reply e-mail and =
destroy all copies of the original message.




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<DIV><FONT face=3D"Comic Sans MS">Ed, if</FONT><FONT face=3D"Comic Sans =
MS"> you=20
don't mind, what are the issues for your more than 3-5% =
correction?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Ded@macktracks.com href=3D"mailto:ed@macktracks.com">Edward =
W. Gjertsen=20
  II</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, May 19, 2003 =
12:48 PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] M - are we =
done for=20
  now?</DIV>
  <DIV><BR></DIV>
  <DIV class=3DSection1>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue">Up until last week we were 90% =
invested,=20
  11 positions.&nbsp; We have cut back two positions today and a couple =
more are=20
  on the bubble for a haircut.&nbsp; The leaders (we are assuming we are =
in=20
  some) are coming under heavier selling pressure than the =
markets.&nbsp; There=20
  are several issues that concern us that this is more then a 3-5% =
correction in=20
  this countertrend rally, but we will wait and see.&nbsp; =
</SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue"></SPAN></FONT>&nbsp;</P>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue">These are the times where your =
discipline=20
  is key.&nbsp; You should have sell stops at the very least written =
down if not=20
  in the market on all your positions.&nbsp; Don=92t panic, just play =
out your=20
  game plan.&nbsp; Remember =96 bruised is better than =
beaten.</SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue"></SPAN></FONT>&nbsp;</P>
  <DIV>
  <DIV>
  <P class=3DMsoAutoSig><FONT face=3D"Times New Roman" color=3Dblue =
size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: blue"><IMG height=3D46=20
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  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D3><SPAN=20
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  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue">Ed Gjertsen =
II</SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue"><A =
href=3D"mailto:ed@macktracks.com"><FONT=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: =
12pt">ed@macktracks.com</SPAN></FONT></A></SPAN></FONT></P>
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  style=3D"FONT-SIZE: 10pt; COLOR: blue">Confidentiality Notice: This =
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