[CANSLIM] Sell Yahoo?

From: "Joe McCall" <jvmccall@yahoo.com>
Subject: [CANSLIM] Sell Yahoo?
Date: Fri, 6 Jun 2003 10:36:09 -0500
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I hope you all don't mind me asking your opinion on this, but I can't =
think of a better place to go.

I am up about 35% on Yahoo.  I have never had a stock do this well =
before!  I think I should keep it for a little while longer until I see =
stronger institutional selling, but I am getting nervous.  It is MUCH =
harder to decide when to sell a stock than when to buy it.

Yahoo dropped a little bit after it appeared on the cover of =
BusinessWeek, but it is climbing slightly again.  Let me list the =
reasons why I think I should hold on to it for a little while, and you =
can comment on my thoughts if you like.

  a.. I see only 4 distribution weeks in the last 6 months. =20
  b.. The RS line is still rising, although it may have started =
flattening out lately. =20
  c.. WON recommends drawing a line along the last 2 or 3 peaks on a =
weekly chart and sell when a stock crosses it over it.  This hasn't =
happened yet. =20
  d.. I see it in a 2nd stage base.  It has not reached a 3rd or 4th =
stage base.
One negative I can think of: It has had a #1 in IBD industry rankings =
for a long time, and it is ranked #5 in their IBD industry. =20

What do you all think?  I appreciate your CANSLIM comments.

Thanks,

Joe McCall

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<DIV><FONT face=3DTahoma size=3D2>I hope you all don't mind me asking =
your opinion=20
on this, but I can't think of a better place to go.</FONT></DIV>
<DIV><FONT face=3DTahoma size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma size=3D2>I am up about 35% on Yahoo.&nbsp; I =
have never had=20
a stock do this well before!&nbsp; </FONT><FONT face=3DTahoma size=3D2>I =
think I=20
should keep it for a little while longer until I see stronger =
institutional=20
selling, but I am getting nervous.&nbsp; It is&nbsp;MUCH harder to =
decide when=20
to sell a stock than when to buy it.</FONT></DIV>
<DIV><FONT face=3DTahoma size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma size=3D2>Yahoo dropped a little bit after it =
appeared on=20
the cover of BusinessWeek, but it is climbing slightly again.&nbsp; Let =
me list=20
the reasons why I think I should hold on to it for a little while, and =
you can=20
comment on my thoughts if you like.</FONT></DIV>
<DIV><FONT face=3DTahoma size=3D2></FONT>&nbsp;</DIV>
<UL>
  <LI><FONT face=3DTahoma size=3D2>I see only 4 distribution weeks in =
the last 6=20
  months.&nbsp; </FONT></LI>
  <LI><FONT face=3DTahoma size=3D2>The RS line is still rising, although =
it may have=20
  started flattening out lately.&nbsp; </FONT></LI>
  <LI><FONT face=3DTahoma size=3D2>WON recommends drawing a line along =
the last 2 or=20
  3 peaks on a weekly chart and sell when a stock crosses it over =
it.&nbsp; This=20
  hasn't happened yet.&nbsp; </FONT></LI>
  <LI><FONT face=3DTahoma size=3D2>I see it in a 2nd stage base.&nbsp; =
It has not=20
  reached a 3rd or 4th stage base.</FONT></LI></UL>
<DIV><FONT face=3DTahoma size=3D2>One negative I can think of: <FONT =
face=3DTahoma=20
size=3D2>It has had a #1 in IBD industry rankings for a long time, and =
it is=20
ranked #5 in their IBD industry.&nbsp; </FONT></DIV></FONT>
<DIV><FONT face=3DTahoma size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma size=3D2>What do you all think?&nbsp; I =
appreciate your=20
CANSLIM comments.</FONT></DIV>
<DIV><FONT face=3DTahoma size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma size=3D2>Thanks,</FONT></DIV>
<DIV><FONT face=3DTahoma size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma size=3D2>Joe McCall</FONT></DIV></BODY></HTML>

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