[CANSLIM] RE

From: "Richard Tafoya" <cwh@mendomedia.net>
Subject: [CANSLIM] RE
Date: Tue, 15 Jul 2003 08:26:09 -0700

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Anyone keeping an eye on RE? I like the fundies and I've been eyeing
this one as a CWH candidate since noticing it on a watch list at Amateur
Investors.

It was looking like volume and price were pushing for a breakout today.
I took a small position at what looked like a pullback just above the
pivot and it's retreated since, more or less tracking with the Dow
pullback since mid-day. It's not anywhere near my stop area, but it's
always rough taking a position and watching the numbers almost
immediately run red on you.

Any opinions as to the quality of this CWH formation? I'm seeing about a
two-year cup and what appears to be a nice shakeout over a multi-week
handle. It does look like volume in the handle got a little hot the day
that Yahoo announced and the market retreated. 

Any other insights would be appreciated.

Richard



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