Re: [CANSLIM] VRNT

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] VRNT
Date: Sat, 7 Jun 2003 20:14:50 EDT

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Tomas: In all probability the price drop had more to do with a general 
selloff than it did with this specific stock. While I haven't done the research I 
strongly suspect most of the IBD100 pulled back Friday. Over 2.5 billion shares 
traded on the NASDAQ.

Should you sell? Why not? If the big institutions continue the selloff Monday 
it will eat up whatever paper profit you may have. When the market turns on 
you, just remember that cash is king.

I hope the market rebounds Monday but the market is over bought and a 
correction is due, and in fact will be good for a summer rally. 

There is an old saying that I can't quite quote correctly but it says the 
market will tell you what to do. Just go with the flow.

Charley

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<HTML><FONT FACE=3Darial,helvetica><FONT  SIZE=3D2>Tomas: In all probability=
 the price drop had more to do with a general selloff than it did with this=20=
specific stock. While I haven't done the research I strongly suspect most of=
 the IBD100 pulled back Friday. Over 2.5 billion shares traded on the NASDAQ=
.
<BR>
<BR>Should you sell? Why not? If the big institutions continue the selloff M=
onday it will eat up whatever paper profit you may have. When the market tur=
ns on you, just remember that cash is king.
<BR>
<BR>I hope the market rebounds Monday but the market is over bought and a co=
rrection is due, and in fact will be good for a summer rally.=20
<BR>
<BR>There is an old saying that I can't quite quote correctly but it says th=
e market will tell you what to do. Just go with the flow.
<BR>
<BR>Charley</FONT></HTML>

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