RE: [CANSLIM] CLZR

From: "Lung Yien The" <ylung@alumni.engin.umich.edu>
Subject: RE: [CANSLIM] CLZR
Date: Thu, 7 Aug 2003 18:48:48 -0400

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Hi Fabio,

I share a similar experience as yourself. I bought EELN the day before
it announced the latest earnings. If you don't know the story, EELN
posted record quarterly EPS growth,Sales and lifted annual guidance!! 

It sounded like I was going to make my first dollar on a CANSLIM picked
stock!! Right? WRONG! EELN dives 15% that first day. WON advices to sell
whenever you see a loss of 8%...but I figured it was just a market
over-reaction and it should correct itself the next day. But just to
make sure, I tried looking for other company news..but I did not find
anything of the negative tone. 

Well, to cut the story short, EELN tanked another 15% or more one
me...and the next day... Blah blah blah 

The lesson of this story is:
1) Never argue with the market,..it will not make you right
2) Always cut your losses at 7-8%. Stocks that goes down on heavier
volume, despite posting great earnings, will still go down. 
3) Fundamentals don't always tell you the all picture


Cheers,

Yien

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Callegher, Fabio
Sent: Thursday, August 07, 2003 4:25 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] CLZR 


Hello,,

I'm a newbie to CANSLIM. I bought CLZR (Candela Inc.) shares a few days
ago after studying WON book a while but they have dropped about 20%
between today and yesterday. I tried to find some "bad news" around the
company but couldn't find any.  Do you think it's just institutional
investors pulling out or is there any 
other underlying reason for that that you can spot ?

Thanks a lot for any feedack
Best regards
Fabio


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