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 14:50:35 -0500

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MessageHeck Fred, that's old news (gold), I bought them about 3 weeks or =
so ago when you added to your positions then. Just added a couple of =
shorts because the close is looking weaker.

Not sure what all the hullabaloo about the falling dollar is about =
today, you've been showing that graph on your public site for quite some =
time.

Gene




 ----- Original Message -----=20
  From: Fred Richards=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, May 19, 2003 1:43 PM
  Subject: RE: [CANSLIM] M - are we done for now?


  Gene, et al,

  I added to my shorts of the financials and investment banks today. =
Also, bought more of the unhedged golds.

  Fred
    -----Original Message-----
    From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci
    Sent: Monday, May 19, 2003 1:18 PM
    To: canslim@lists.xmission.com
    Subject: Re: [CANSLIM] M - are we done for now?


    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 =
attachments, is for the sole use of the intended recipient(s) and may =
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 =
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<DIV><FONT face=3D"Comic Sans MS">Heck Fred, that's old news (gold), I =
bought them=20
about 3 weeks or so ago when you added to your positions then. Just =
added a=20
couple of shorts because the&nbsp;close is looking weaker.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Not sure what all the hullabaloo about =
the=20
falling dollar is about today, you've been showing that graph on your =
public=20
site for quite some time.</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>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV>&nbsp;----- Original Message ----- </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=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dffradrich@attbi.com =
href=3D"mailto:ffradrich@attbi.com">Fred=20
  Richards</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 1:43 =
PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] M - are =
we done=20
  for now?</DIV>
  <DIV><BR></DIV>
  <DIV><SPAN class=3D453394218-19052003><FONT face=3DArial =
color=3D#0000ff=20
  size=3D2>Gene, et al,</FONT></SPAN></DIV>
  <DIV><SPAN class=3D453394218-19052003><FONT face=3DArial =
color=3D#0000ff=20
  size=3D2></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D453394218-19052003><FONT face=3DArial =
color=3D#0000ff size=3D2>I=20
  added to my shorts of the financials and investment banks today. Also, =
bought=20
  more of the unhedged golds.</FONT></SPAN></DIV>
  <DIV><SPAN class=3D453394218-19052003><FONT face=3DArial =
color=3D#0000ff=20
  size=3D2></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D453394218-19052003><FONT face=3DArial =
color=3D#0000ff=20
  size=3D2>Fred</FONT></SPAN></DIV>
  <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
    <DIV></DIV>
    <DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
    face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B> <A =

    =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
    [mailto:owner-canslim@lists.xmission.com] <B>On Behalf Of </B>Gene=20
    Ricci<BR><B>Sent:</B> Monday, May 19, 2003 1:18 PM<BR><B>To:</B> <A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
    Re: [CANSLIM] M - are we done for now?<BR><BR></FONT></DIV>
    <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%=20
    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.=20
      Gjertsen II</A> </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
      title=3Dcanslim@lists.xmission.com=20
      =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
      </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, May 19, 2003 =
12:48=20
      PM</DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] M - are =
we done=20
      for 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%=20
      invested, 11 positions.&nbsp; We have cut back two positions today =
and a=20
      couple more are on the bubble for a haircut.&nbsp; The leaders (we =
are=20
      assuming we are in some) are coming under heavier selling pressure =
than=20
      the markets.&nbsp; There are several issues that concern us that =
this is=20
      more then a 3-5% correction in this countertrend rally, but we =
will wait=20
      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=20
      discipline is key.&nbsp; You should have sell stops at the very =
least=20
      written down if not in the market on all your positions.&nbsp; =
Don=92t=20
      panic, just play out your game plan.&nbsp; Remember =96 bruised is =
better=20
      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
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size=3D3><SPAN=20
      style=3D"FONT-SIZE: 12pt; 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">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=20
      href=3D"mailto:ed@macktracks.com"><FONT size=3D3><SPAN=20
      style=3D"FONT-SIZE: =
12pt">ed@macktracks.com</SPAN></FONT></A></SPAN></FONT></P>
      <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D3><SPAN=20
      style=3D"FONT-SIZE: 12pt; COLOR: blue"></SPAN></FONT>&nbsp;</P>
      <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D3><SPAN=20
      style=3D"FONT-SIZE: 12pt; 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">Confidentiality Notice: =
This e-mail=20
      message, including any attachments, is for the sole use of the =
intended=20
      recipient(s) and may contain confidential and privileged=20
      information.&nbsp; Any unauthorized review, use, disclosure or=20
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recipient,=20
      please contact the sender by reply e-mail and destroy all copies =
of the=20
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