From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3463 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, August 6 2003 Volume 02 : Number 3463 In this issue: [CANSLIM] Hello all Re: [CANSLIM] WEBX [CANSLIM] WEBX Re: [CANSLIM] WEBX RE: [CANSLIM] WEBX Re: [CANSLIM] WEBX [CANSLIM] filter Re: [CANSLIM] WEBX Re: [CANSLIM] filter Re: [CANSLIM] WEBX ---------------------------------------------------------------------- Date: Wed, 6 Aug 2003 16:13:24 +0100 From: "Mark Crisp" Subject: [CANSLIM] Hello all This is a multi-part message in MIME format. - ------=_NextPart_000_006E_01C35C35.A9C79FC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi My name is Mark Crisp. Trading forever. Opted for a more CANSLIM = style and built my own business around it. Not sure if I am allowed to do this but I run this web site: http://www.stressfreetrading.com From the U.K but trade U.S stocks. I'll certainly participate in this discussion list. Keep well. Regards Mark Crisp - ------=_NextPart_000_006E_01C35C35.A9C79FC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hi My name is Mark Crisp. Trading = forever. Opted=20 for a more CANSLIM style and built my own business around = it.

Not sure if I am allowed to do = this but I=20 run this web site:

http://www.stressfreetrading.co= m

From the U.K but trade U.S=20 stocks.

I'll certainly participate in = this=20 discussion list.

Keep well.

Regards

Mark Crisp

- ------=_NextPart_000_006E_01C35C35.A9C79FC0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 16:17:58 +0100 From: "Mark Crisp" Subject: Re: [CANSLIM] WEBX What about using CANSLIM in reverse to find shorting candidates? I ran this scan on my filter and came up with some nice looking shorting candidates: 1 year low RS <30 E.P.S. <30 Price >$30 Volume >250,000 Cap. >2.0bn Looking for poor fundamental stocks that are falling in price. Reverese CANSLIM if you like. Trade the breakouts. What do you say? Mark Crisp http://www.stressfreetrading.com - ----- Original Message ----- From: "Jiehui" To: Sent: Wednesday, August 06, 2003 5:42 AM Subject: [CANSLIM] WEBX > Hi all, > > I'm a beginner in this and is still a little unsure of how to read charts. I hope some of the more experienced chart readers on this group can help me. > > WEBX has formed the teacup w/ handle pattern and I mistakenly bought at the volume surge thinking it's a break-out, only to find it went down 5.68% > > Is it forming another handle now and should I continue holding on to the stock and wait for the handle to form or until the 8% stop-loss is reached. Or should I exit my position now? Is this considered a failed break-out? > > The rating for this WEBX is currently: 97 81 73 A+ A A- > > Regards, > Jiehui - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 10:41:31 -0500 From: "Jeff Henderson" Subject: [CANSLIM] WEBX This is a multi-part message in MIME format. - ------=_NextPart_000_0021_01C35C07.4C68AA00 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I would focus more on the volume increase rather than charting. The large increase in volume should be at least 50 percent above the daily average for the stock according to O'Neil. I'm new at this too but I believe there are better ways. "This large increase in volume is the most important aspect of O'Neil's entry that fewer people follow" -Van K. Tharp - ------=_NextPart_000_0021_01C35C07.4C68AA00 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

I would focus more on the volume increase rather than charting. The large = increase in volume should be at least 50 percent above the daily average for the stock = according to O’Neil. I’m = new at this too but I believe there are better ways. “This large increase in = volume is the most important aspect of O’Neil’s entry that fewer = people follow” –Van K. Tharp

- ------=_NextPart_000_0021_01C35C07.4C68AA00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 08:47:38 -0700 From: "DMC197807" Subject: Re: [CANSLIM] WEBX P.S. [prescript]: I can't see any reason to establish (or keep) a long position on WEBX here. Too much risk for me. Mark, Welcome to the thread. I don't have any problem with you posting your website location here; it looked pretty good to me. On the subject of using canslim to find breakdown rather than breakout candidates, I think that's a good idea. I'm not sure how we properly tweak the criteria, but I think it's an excellent topic for education here. Why? Because the M in Milscan is very, very precarious here and I think shorts and puts are going to smash longs and calls over the next several weeks. I don't see a lot more upside to the market at this point. Just pulling up an SPX chart shows a very very tired market, and the path of least resistance looks to be southeast-, and not northeastward bound. With that in mind, how would be alter CANSLIM to look for breakdowns? [I'll put commentary in brackets for breakdown] C = Current quarterly earnings per share (should show a major percentage increase compared to the prior year's same quarter) [Here I think you take all earnings up to, say 10% positive. Why? What we are looking for are stocks which have risen with the tide in spite of lukewarm or poor earnings, but earnings up to 30% seem too robust to produce a good short.] A = Annual earnings (the company should be experiencing meaningful growth over the past five years) [Perhaps the cap on annual earnings growth should be 15%??] N = New products, new management, new high prices [I don't see how to apply this one; I don't want to exclude new high prices, because we're looking for overvalued stocks. Other ideas?] S = Supply and demand (small capitalization stocks with high trading volume) [Here, having large cap elephants could be a great idea L = Leader in the industry, not a laggard [here, use a relative strength rating of 60 or below?] I = Institutional sponsorship (a little goes a long way) [Hmmmm. Do we want high institutional ownership, or is this factor one to be left out M = Market direction (should be headed up). [This one goes first. For me, the market is facing a lot more easy downside right here than upside. Chances of a SPX in the 600, 700, 800 range in the next 3-4 months is much greater, to me, than a SPX move to 1100, 1200, 1300.] Now comes the difficulty of establishing a pivot, and selling at the breakdown of that point. DMC - ----- Original Message ----- From: "Mark Crisp" To: Sent: Wednesday, August 06, 2003 8:17 AM Subject: Re: [CANSLIM] WEBX > What about using CANSLIM in reverse to find shorting candidates? > > I ran this scan on my filter and came up with some nice looking shorting > candidates: > > 1 year low > RS <30 > E.P.S. <30 > Price >$30 > Volume >250,000 > Cap. >2.0bn > > Looking for poor fundamental stocks that are falling in price. Reverese > CANSLIM if you like. Trade the breakouts. > > What do you say? > > Mark Crisp > http://www.stressfreetrading.com > > ----- Original Message ----- > From: "Jiehui" > To: > Sent: Wednesday, August 06, 2003 5:42 AM > Subject: [CANSLIM] WEBX > > > > Hi all, > > > > I'm a beginner in this and is still a little unsure of how to read charts. > I hope some of the more experienced chart readers on this group can help me. > > > > WEBX has formed the teacup w/ handle pattern and I mistakenly bought at > the volume surge thinking it's a break-out, only to find it went down 5.68% > > > > Is it forming another handle now and should I continue holding on to the > stock and wait for the handle to form or until the 8% stop-loss is reached. > Or should I exit my position now? Is this considered a failed break-out? > > > > The rating for this WEBX is currently: 97 81 73 A+ A A- > > > > Regards, > > Jiehui > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 10:55:19 -0500 From: "Jeff Henderson" Subject: RE: [CANSLIM] WEBX Sorry I missed your statement saying that you bought at the volume surge but my point is that there are other entry techniques that are simpler and more effective to use than charting especially for a beginner. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Jiehui Sent: Tuesday, August 05, 2003 11:43 PM To: canslim@lists.xmission.com Subject: [CANSLIM] WEBX Hi all, I'm a beginner in this and is still a little unsure of how to read charts. I hope some of the more experienced chart readers on this group can help me. WEBX has formed the teacup w/ handle pattern and I mistakenly bought at the volume surge thinking it's a break-out, only to find it went down 5.68% Is it forming another handle now and should I continue holding on to the stock and wait for the handle to form or until the 8% stop-loss is reached. Or should I exit my position now? Is this considered a failed break-out? The rating for this WEBX is currently: 97 81 73 A+ A A- Regards, Jiehui - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 09:01:16 -0700 (PDT) From: Fanus Subject: Re: [CANSLIM] WEBX CANLSIM is a long strategy and according to the rules, you get out if you are in a bear market. I do agree that you can make money on the short side, but this is a CANSLIM discussion board. People are here to discuss and learn CANSLIM, not a modified short CANSLIM style. I think this type of discussions are better suited for a different discussion group. Best regards - - Fanus - --- DMC197807 wrote: > P.S. [prescript]: I can't see any reason to > establish (or keep) a long > position on WEBX here. Too much risk for me. > > Mark, > > Welcome to the thread. I don't have any problem > with you posting your > website location here; it looked pretty good to me. > > On the subject of using canslim to find breakdown > rather than breakout > candidates, I think that's a good idea. I'm not > sure how we properly tweak > the criteria, but I think it's an excellent topic > for education here. Why? > Because the M in Milscan is very, very precarious > here and I think shorts > and puts are going to smash longs and calls over the > next several weeks. I > don't see a lot more upside to the market at this > point. Just pulling up an > SPX chart shows a very very tired market, and the > path of least resistance > looks to be southeast-, and not northeastward bound. > > With that in mind, how would be alter CANSLIM to > look for breakdowns? [I'll > put commentary in brackets for breakdown] > > C = Current quarterly earnings per share (should > show a major percentage > increase compared to the prior year's same quarter) > [Here I think you take > all earnings up to, say 10% positive. Why? What we > are looking for are > stocks which have risen with the tide in spite of > lukewarm or poor earnings, > but earnings up to 30% seem too robust to produce a > good short.] > > A = Annual earnings (the company should be > experiencing meaningful growth > over the past five years) [Perhaps the cap on annual > earnings growth should > be 15%??] > > N = New products, new management, new high prices [I > don't see how to apply > this one; I don't want to exclude new high prices, > because we're looking for > overvalued stocks. Other ideas?] > > S = Supply and demand (small capitalization stocks > with high trading volume) > [Here, having large cap elephants could be a great > idea > > L = Leader in the industry, not a laggard [here, use > a relative strength > rating of 60 or below?] > > I = Institutional sponsorship (a little goes a long > way) [Hmmmm. Do we want > high institutional ownership, or is this factor one > to be left out > > M = Market direction (should be headed up). [This > one goes first. For me, > the market is facing a lot more easy downside right > here than upside. > Chances of a SPX in the 600, 700, 800 range in the > next 3-4 months is much > greater, to me, than a SPX move to 1100, 1200, > 1300.] > > Now comes the difficulty of establishing a pivot, > and selling at the > breakdown of that point. > > > > DMC > > > > > > ----- Original Message ----- > From: "Mark Crisp" > > To: > Sent: Wednesday, August 06, 2003 8:17 AM > Subject: Re: [CANSLIM] WEBX > > > > What about using CANSLIM in reverse to find > shorting candidates? > > > > I ran this scan on my filter and came up with > some nice looking shorting > > candidates: > > > > 1 year low > > RS <30 > > E.P.S. <30 > > Price >$30 > > Volume >250,000 > > Cap. >2.0bn > > > > Looking for poor fundamental stocks that are > falling in price. Reverese > > CANSLIM if you like. Trade the breakouts. > > > > What do you say? > > > > Mark Crisp > > http://www.stressfreetrading.com > > > > ----- Original Message ----- > > From: "Jiehui" > > To: > > Sent: Wednesday, August 06, 2003 5:42 AM > > Subject: [CANSLIM] WEBX > > > > > > > Hi all, > > > > > > I'm a beginner in this and is still a little > unsure of how to read > charts. > > I hope some of the more experienced chart readers > on this group can help > me. > > > > > > WEBX has formed the teacup w/ handle pattern and > I mistakenly bought at > > the volume surge thinking it's a break-out, only > to find it went down > 5.68% > > > > > > Is it forming another handle now and should I > continue holding on to the > > stock and wait for the handle to form or until the > 8% stop-loss is > reached. > > Or should I exit my position now? Is this > considered a failed break-out? > > > > > > The rating for this WEBX is currently: 97 81 73 > A+ A A- > > > > > > Regards, > > > Jiehui > > > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 11:02:50 -0500 From: "Jeff Henderson" Subject: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_002B_01C35C0A.46C54E70 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit After reading O'Neil's book I decided to use the filter C>=70, A>=5, S<25,000,000, relative strength>80 and last volume 1.5 average quarterly volume. To my dismay, no stocks popped up. How would you alter this filter? - ------=_NextPart_000_002B_01C35C0A.46C54E70 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

After reading O’Neil’s book I decided to = use the filter C>=3D70, A>=3D5, S<25,000,000, relative strength>80 = and last volume 1.5 average quarterly volume. To my dismay, no stocks popped = up. How would you alter this = filter?

- ------=_NextPart_000_002B_01C35C0A.46C54E70-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 12:07:18 EDT From: RWElmer@aol.com Subject: Re: [CANSLIM] WEBX - --part1_84.1689be43.2c6281b6_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hello All, While I'm not really a CANSLIM investor, explaining why I don't post here very often despite lurking, I thought it worth mentioning something primarily to the new people on this Board. One of the most important parts of CANSLIM is the "M." I don't know what the rest of you may be seeing but what I'm seeing is Market indicators showing that the next down wave is just getting started. If this is correct, fighting it will likely get you hurt, regardless of possible breakout setups. O'Neil states that 3 out of every 4 stocks will follow the broader Market trend. Considering the nice run-up from March, the fact that we're in one of the traditionally worst months for the Market, and the fact that the NASDAQ had a distribution yesterday, I think Uncle Bill would suggest you wait for better conditions before making any new purchases. Just my opinion, and I know the experienced people on this Board know what time it is. But I see alot of newbies here who could be disappointed if they buy breakouts right now and may swear off an otherwise excellent methodology if they get too hurt here. This is a CANSLIM Board, and all letters should be considered. Just trying to save some of you some investing capital. Good Luck All ... Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com - --part1_84.1689be43.2c6281b6_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Hello All,

While I'm not really a CANSLIM investor, explaining why I don't post here ve= ry often despite lurking, I thought it worth mentioning something primarily=20= to the new people on this Board. One of the most important parts of CANSLIM=20= is the "M." I don't know what the rest of you may be seeing but what I'm see= ing is Market indicators showing that the next down wave is just getting sta= rted. If this is correct, fighting it will likely get you hurt, regardless o= f possible breakout setups. O'Neil states that 3 out of every 4 stocks will=20= follow the broader Market trend. Considering the nice run-up from Marc= h, the fact that we're in one of the traditionally worst months for the Mark= et, and the fact that the NASDAQ had a distribution yesterday, I think Uncle= Bill would suggest you wait for better conditions before making any new pur= chases.

Just my opinion, and I know the experienced people on this Board know what t= ime it is. But I see alot of newbies here who could be disappointed if they=20= buy breakouts right now and may swear off an otherwise excellent methodology= if they get too hurt here. This is a CANSLIM Board, and all letters should=20= be considered.

Just trying to save some of you some investing capital. Good Luck All ...
Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-793= 9 ext.156
www.robertelmer.com - --part1_84.1689be43.2c6281b6_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 09:23:10 -0700 From: "DMC197807" Subject: Re: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_01D4_01C35BFC.5A8FB700 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jeff, I don't understand which filter/scan you are using, or what all your = variables mean. If you're using a public scan or stockcharts, maybe you = can put in a link here? If C =3D capitalization and you are using only the top 30% of stocks = you've filtered out way too many stocks already. In capitalization I = only filter out the very top stocks, but that's just me. I don't know = what your S is. For relative strength I use the top 40% of the market, = that is, stocks outperforming 60%. I'm willing to let some other names in because after this scan gives me = names, I'm happy to look through charts to find appropriate patterns. DMC - ----- Original Message -----=20 From: Jeff Henderson=20 To: Canslim=20 Sent: Wednesday, August 06, 2003 9:02 AM Subject: [CANSLIM] filter After reading O'Neil's book I decided to use the filter C>=3D70, = A>=3D5, S<25,000,000, relative strength>80 and last volume 1.5 average = quarterly volume. To my dismay, no stocks popped up. How would you = alter this filter? - ------=_NextPart_000_01D4_01C35BFC.5A8FB700 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Jeff,

I don't understand which filter/scan = you are using,=20 or what all your variables mean. If you're using a public scan or=20 stockcharts, maybe you can put in a link here?

If C =3D capitalization and you are = using only the=20 top 30% of stocks you've filtered out way too many stocks already. = In=20 capitalization I only filter out the very top stocks, but that's just = me. =20 I don't know what your S is. For relative strength I use the top = 40% of=20 the market, that is, stocks outperforming 60%.

I'm willing to let some other names in = because=20 after this scan gives me names, I'm happy to look through charts to find = appropriate patterns.

DMC

----- Original Message -----

From:=20 Jeff = Henderson=20
To: Canslim

Sent: Wednesday, August 06, = 2003 9:02=20 AM

Subject: [CANSLIM] filter

After reading = O=92Neil=92s book I=20 decided to use the filter C>=3D70, A>=3D5, S<25,000,000, = relative=20 strength>80 and last volume 1.5 average quarterly volume. To my dismay, no stocks = popped up. How would you alter this=20 filter?

- ------=_NextPart_000_01D4_01C35BFC.5A8FB700-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 09:30:07 -0700 From: "DMC197807" Subject: Re: [CANSLIM] WEBX This is a multi-part message in MIME format. - ------=_NextPart_000_01F1_01C35BFD.53457420 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Robert, Yes, that bears repeating. As often as possible. As I noted in my 7/25 = note to Katherine: <> This is why I often refer to these scans Milscans instead of Canslims. DMC ----- Original Message -----=20 From: RWElmer@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 9:07 AM Subject: Re: [CANSLIM] WEBX Hello All, While I'm not really a CANSLIM investor, explaining why I don't post = here very often despite lurking, I thought it worth mentioning something = primarily to the new people on this Board. One of the most important = parts of CANSLIM is the "M." I don't know what the rest of you may be = seeing but what I'm seeing is Market indicators showing that the next = down wave is just getting started. If this is correct, fighting it will = likely get you hurt, regardless of possible breakout setups. O'Neil = states that 3 out of every 4 stocks will follow the broader Market = trend. Considering the nice run-up from March, the fact that we're in = one of the traditionally worst months for the Market, and the fact that = the NASDAQ had a distribution yesterday, I think Uncle Bill would = suggest you wait for better conditions before making any new purchases. Just my opinion, and I know the experienced people on this Board know = what time it is. But I see alot of newbies here who could be = disappointed if they buy breakouts right now and may swear off an = otherwise excellent methodology if they get too hurt here. This is a = CANSLIM Board, and all letters should be considered.=20 Just trying to save some of you some investing capital. Good Luck All = ...=20 Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com=20 - ------=_NextPart_000_01F1_01C35BFD.53457420 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Robert,

Yes, that bears repeating. As = often as=20 possible. As I noted in my 7/25 note to Katherine:

<<One ignores at one's peril the vitally important M of=20 CANSLIM. The market.
The truth is, the acronym should be = MILSCAN, and=20 put the MARKET first, since
the stay in cash/take a position is = clearly the=20 most important digitalized
decision (0/1) that an investor can=20 make.>>

This is why I often refer to these = scans Milscans=20 instead of Canslims.

DMC

----- Original Message -----

From:=20 RWElmer@aol.com=20

To: canslim@lists.xmission.com=

Sent: Wednesday, August 06, = 2003 9:07=20 AM

Subject: Re: [CANSLIM] = WEBX

Hello All,

While I'm not really a CANSLIM = investor,=20 explaining why I don't post here very often despite lurking, I thought = it=20 worth mentioning something primarily to the new people on this Board. = One of=20 the most important parts of CANSLIM is the "M." I don't know what the = rest of=20 you may be seeing but what I'm seeing is Market indicators showing = that the=20 next down wave is just getting started. If this is correct, fighting = it will=20 likely get you hurt, regardless of possible breakout setups. O'Neil = states=20 that 3 out of every 4 stocks will follow the broader Market trend. = Considering=20 the nice run-up from March, the fact that we're in one of the=20 traditionally worst months for the Market, and the fact that the = NASDAQ had a=20 distribution yesterday, I think Uncle Bill would suggest you wait for = better=20 conditions before making any new purchases.

Just my opinion, = and I know=20 the experienced people on this Board know what time it is. But I see = alot of=20 newbies here who could be disappointed if they buy breakouts right now = and may=20 swear off an otherwise excellent methodology if they get too hurt = here. This=20 is a CANSLIM Board, and all letters should be considered.

Just = trying=20 to save some of you some investing capital. Good Luck All ...=20

Robert W. Elmer
Coldwell Banker First Shasta
2837 = Bechelli=20 Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com=20 - ------=_NextPart_000_01F1_01C35BFD.53457420-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #3463 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.