Re: [CANSLIM] Distribution Day

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Distribution Day
Date: Sat, 7 Jun 2003 14:53:35 -0700 (PDT)

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Ed,

I noticed that you always say "we".  It sounds like
you are involved with some kind of group investments. 
I went to www.macktrackes.com and really did not get
too much information.  If you do not mind, can you
tell me a little about the "we"?

I am new.

Regards,
tomas

- --- "Edward W. Gjertsen II" <ed@macktracks.com> wrote:
> We briefly touched 20%+ return for the year early
> this morning.  Given
> today's action, it may be awhile before we see that
> number again.  While
> the weekly charts will look like an accumulation
> week, today's action
> was very poor.  Our view is as Microsoft goes, so
> goes the market.
> Because Microsoft is such a major element in all
> market indices (DJIA,
> SPX, NASDAQ), its performance has a profound effect.
>  It just completed
> what we think is a reverse cup-and-handle - pretty
> bearish pattern.  It
> rallied to its 50DMA this morning then collapsed.  
> 
> We were up 2.5% earlier in the day and wound up
> losing 0.18%.  We joked
> in the morning to "liquidate" the portfolio and walk
> with the gain, I
> hate humor.  Be very guarded over the next couple of
> days.  Do not let
> the market take you out of strong positions.  Each
> of your positions
> should stand on their own.  We may see some bases
> forming in here which
> will present opportunities for purchasing 2nd or 3rd
> stage bases.
> 
> I hope you all have a great weekend.  Over the next
> couple of days, say
> "Hi" to Tom in your own way.  He would have enjoyed
> this move.  I miss
> his humor, insights and VR Fund.
> 
> Take care all.
> 
> Ed Gjertsen II
> ed@macktracks.com
>  
>  
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