From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1394 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, May 23 2001 Volume 02 : Number 1394 In this issue: Re: [CANSLIM] Re: Analyst up/downgrades Re: [CANSLIM] MSS Re: [CANSLIM] COCO - RIP Re: [CANSLIM] Re: Analyst up/downgrades Re: [CANSLIM] SJT Sloping handle ?? Re: [CANSLIM] PDII [CANSLIM] IGT Re: [CANSLIM] SJT Sloping handle ?? Re: [CANSLIM] Re: Analyst up/downgrades Re: [CANSLIM] HIBB Breakout Re: [CANSLIM] MSS-debt? Re: [CANSLIM] Re: Analyst up/downgrades ... plain English ---------------------------------------------------------------------- Date: Wed, 23 May 2001 17:01:09 -0700 (PDT) From: Dave Cameron Subject: Re: [CANSLIM] Re: Analyst up/downgrades It took a week of trading in the 50 range for the analyst's firm to get all their clients out ;-) - --- Tom Worley wrote: > > The question I would always like to ask these analysts, assuming > the downgrade was because it had reached some mystical, > hypothetical valuation based target, or maybe just because they > considered it over or fully valued, is why did it take a week of > trading in the 50 range to figure that out? > > Tom Worley > stkguru@netside.net ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.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, 23 May 2001 19:56:24 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] MSS Debt appears quite high for its industry group at 61%, and the group itself (Elec-Measuring Instruments) is quite low at GRS 31. Aside from that, I like it. I missed this one on my watch list quite some time back in its cheaper days, nice to see its still a strong CANSLIM stock at higher prices. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Rick Parsons To: Sent: Wednesday, May 23, 2001 11:13 AM Subject: [CANSLIM] MSS MSS 97, D,A,C,B but has nice earnings and growth rate. Looks like it is forming a shallow handle on declining volume. Comments? This is a new addition to the database. Rick - - - -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, 23 May 2001 20:08:17 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] COCO - RIP I certainly don't consider the money in my IRA as "play money", even if I have fun with it. but despite only buying small and micro cap stocks with excellent CANSLIM characteristics, I still am up about 52% for the year. I think the Russell 2000 Index is currently the best index of all, and I have soundly beaten it (it's up about 6% for the year last time I checked). That's the kind of index beating performance I demand of CANSLIM, and myself. If I cannot substantially beat an unmanaged index, then I am doing something wrong, either in my picks, my application of CANSLIM, or simply of buying individual stocks in the first place. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Sisyphus To: Sent: Wednesday, May 23, 2001 12:10 PM Subject: Re: [CANSLIM] COCO - RIP >Again, did you know 3 months ago that you would be better off in index >funds? No. If you think that now, why not put some of that cash into VFINX >then? Diversification is king. I am not nearly 100% in CANSLIM stocks, and >I don't think anyone should be, unless their accounts are funded with >"play >money" and they can afford to lose any of their capital. Oh, I am. I'm CANSLIM investing with a portion only. Still.... > >FYI, I am spectacularly ahead, and so should most on this list be, at >least >for the past month. The CANSLIM parts of my accounts are killing the index >fund parts! I am ahead, but by no means spectacularly ahead. - - - -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, 23 May 2001 20:16:50 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: Analyst up/downgrades Naturally, this group is a bunch of independent thinkers, capable of making a decision for themselves. I wish I could say the same for my former colleagues holding securities licenses, or their clients. And we all try to help each other stay out of harm's way. Typically we don't have an investment banking relationship to the same stocks we are analyzing, thus no bias. The wirehouses are a joke when it comes to their "plain English" labels for ratings. You need a matrix to translate a "hold" as really meaning "sell that sucka, now, at any price". I did find such a matrix on the net a year or so ago, don't remember if I bookmarked it or not, but if I find it again, I'll post it. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Steve F To: Sent: Wednesday, May 23, 2001 12:27 PM Subject: RE: [CANSLIM] Re: Analyst up/downgrades I enjoy following the recommendations of analysts that have maintained 'buy' or better on stocks as they have fallen 75% to 90% from their highs and only then changing the recommendations to a 'hold'. Ridiculous if it were not so pitiful that many, many people follow these analysts and their recommendations. Also check out how many 'sell' recommendations you find. Surely there are some stocks that you would want to unload. With every bit of sincerity, I have found that recommendations or suggestions from the people in this group to surpass anything I have ever received from any brokerage house. Steve - --- Tim Fisher wrote: > And I can give you just as many examples of stocks > for which the downgrade > was a non-event a few days later. How could you know > which would be the > case with your stock? You are not prescient, neither > am I, and that is what > stops are for (IMHO!) As the list has discussed, > downgrades based on a > stock reaching a nonsense "target price" are just > plain silly. If what is > "wrong" with COCO is that it broke out and reached a > new high, then give me > more of these "wrong" stocks, the more the merrier! > > On 08:36 AM 5/23/01, Dave Rubin Said: > >WON is clear that sometimes you can and should get > out of a stock before it > >is down 7-8% from your buy point if things don't > look right. > > > >Today's free fall at the open was a clear sign to > me not to wait for 8%. > >With the stock violating its pivot on high volume, > something was clearly > >wrong. > > > >RYL is an even better example. It fell on huge > volume on a downgrade on > >5/16. With the pivot at 50.38, RYL would not have > triggered stops for those > >who bought at the right time. But this downgrade > was not forgotten days > >later, and RYL is now back into its base and shows > no signs of recovery. > > > >Preservation of capital ... preservation of capital > ... SERENITY NOW ... > >SERENITY NOW ... > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On > Behalf Of Tim Fisher > > > Sent: Wednesday, May 23, 2001 11:27 AM > > > To: canslim@lists.xmission.com > > > Subject: RE: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > If you had an 8% stop loss and caught the pivot > within 5% you would still > > > be in. Was your stop at your buy point? I am not > at all concerned about > > > COCO, as the list has discussed (too much) > yesterday, these kind of > > > downgrades are usually forgotten within 2 days > of the knee-jerk sell-off. > > > > > > On 06:47 AM 5/23/01, Rick Parsons Said: > > > >COCO was downgraded this morning and I got > stopped out! Darn Analysts. > > > > > > > >Rick > > > > > > > > > > > >-----Original Message----- > > > >From: owner-canslim@lists.xmission.com > > > >[mailto:owner-canslim@lists.xmission.com]On > Behalf Of Dave Cameron > > > >Sent: Tuesday, May 22, 2001 10:11 PM > > > >To: canslim@lists.xmission.com > > > >Subject: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > > > >Patti, > > > > > > > >I'm very cynical on analyst downgrades (or > upgrades). As a general > > > >rule, in the recent bear on the Nasdaq, > analysts for major brokerage > > > >houses would rate companies like CSCO as a > strong buy half way down > > > >its descent. At that point, they'd say it was > overvalued (AFTER it > > > >had already shed 30% - and they'd probably got > their clients out). > > > >This proclamation generally was the catalyst > for another quick fall. > > > > > > > >On the flip side, I've been burned in bull > markets this way. I once > > > >bought a stock on a breakout to a new high. 2 > days later, it was > > > >downgraded by a Merrill Lynch analyst. The > stock quickly dropped > > > >15% on the announcement - leaving me with a > quick 8% loss. Silly > > > >me, I figured the only reason the stock went > down was because of the > > > >analyst downgrade. Well, I learned the hard > way that once Merrill > > > >Lynch talks, others follow. A week later, the > stock was down 25%, > > > >and I was still holding it. I had to sell > then, realizing I was > > > >wrong. 3 months later it got back above my buy > price. I'm > > > >confident that had ML not downgraded the stock, > I would have had a > > > >profit. > > > > > > > >My two cents, > > > > > > > >Dave > > > > > > > > > > > >===== > > > >Dave Cameron > > > >dfcameron@yahoo.com > > > > > > > > >__________________________________________________ > > > >Do You Yahoo!? > > > >Yahoo! Auctions - buy the things you want at > great prices > > > >http://auctions.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. > > > > > > > >- > > > >-To subscribe/unsubscribe, email > "majordomo@xmission.com" > > > >-In the email body, write "subscribe canslim" > or > > > >-"unsubscribe canslim". Do not use quotes in > your email. > > > > > > Tim Fisher > > > Ore-Rock-On and Pacific Fishery Biologists WWW > Sites > > > > > > Tim@OreRockOn.com > > > WWW: http://OreRockOn.com > > > See naked fish and rocks! > > > > > > > > > - > > > -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. > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > -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! Auctions - buy the things you want at great prices http://auctions.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. - - - -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, 23 May 2001 20:19:35 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] SJT Sloping handle ?? Of course. And I don't see it as all that much of a quality LLUR, either. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Kent Norman To: Sent: Wednesday, May 23, 2001 1:29 PM Subject: Re: [CANSLIM] SJT Sloping handle ?? Would you consider the double top and declining RS a bad omen? Kent Norman - --- Patrick Wahl wrote: > That is not a handle, since there is no cup. Its > more of a LLUR > type thing. This one is probably ok to buy on a > pullback since it > has such a strong overall uptrend. I would just > try to identify some > sort of support level or consolidation area before > buying though. > > On 23 May 01, at 8:54, Steve F wrote: > > > > > I like the chart formation and fundies on SJT. I > am > > keeping an eye on the sloping downward handle but > am > > concerned about the fact the the volume is greater > > than I would like it to be. Lower than the 50 day > > average but not fading off either. > > > > Any comments. > > > > Steve > > > > __________________________________________________ > > Do You Yahoo!? > > Yahoo! Auctions - buy the things you want at great > prices > > http://auctions.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. > > > > - > -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! Auctions - buy the things you want at great prices http://auctions.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. - - - -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, 23 May 2001 20:31:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] PDII Hi Rick, If a stock has fallen 50%, or even 80%, from its 12 month high, it would mean that I must have much stronger and more compelling reasons to buy it now. If the fall was principally because of "M", that would mitigate the damage. That is not the case today. While "M" got pretty ugly, so too did the economy, to the point that finally most major corps had to admit they were being affected. So fundies in most cases have deteriorated. I mentioned some time ago, before the market confirmed its reversal, that if I had the capital to spare where I could lock it up for a few years, I would be buying some "mattress stuffers" like Dell, AOL, Gateway, Corning, MSFT, Intel, Yahoo, JDSU, and many others. Most of these major names are in excellent financial condition, and will be survivors. They won't be kicked off the island cheaply. What has changed for them is investor's sentiment and fear quotient, and that reverses easily and quickly. I only look at stocks that are hitting new highs because I prefer the small and micro cap stocks that practically no one has yet heard of. When they get hit by such huge losses, they do not recover easily as a rule. In the course of this, I do stumble across a few old friends, and occasionally stick it on my watch list, but only if its recent fundies show strong growth and strength. Basically, if their only real flaw is their 12 month high, and the rest of their CS qualities are good, then I am willing to consider them. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Rick Parsons To: Sent: Wednesday, May 23, 2001 2:00 PM Subject: RE: [CANSLIM] PDII Tom, Just an observation: In the booklet "40 Great Stock Market Winners" provided by Daily Graphs (printed) they show a several examples of stocks that had fallen 50% before recovering and going on to huge gains. Examples shown were AOL which fell from 140 to 69, IGT which fell from 20 to about 10. At the beginning of the booklet introduction, item #13 says "Most of the moves were preceded by correction and consolidation areas in coincidence with general market corrections." Nevertheless the buy points were made after they came back near to (but not necessarily at) their highs. Granted, PDII has not come back to its previous high, but I don't believe falling 50% is a valid criteria to ignore a stock completely. Especially with great "fundies". But then again I could be wrong. There is no sure thing in this business ! Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Tuesday, May 22, 2001 12:38 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] PDII I don't consider anything that has fallen 50% from its highs. I doubt WON would either. There is so much overhead resistance there it is not worth the fight to get back to near the old high. Again, there are so many good candidates out there right now, why bother with something so beaten down? On 09:26 AM 5/22/01, Rick Parsons Said: >Tim, >I am not familiar with the company. thanks for your comments. >However despite the terminated contract and fall from the 52 week high, it >still has ratings of 99,A,A,A,A with a RS of 95. >This puts it up along the best of the best, does it not >If they can still rate this high after the terminated contract, does that >not say they are doing something right? >Of course I am just a beginner here, so tell me if these ratings must be >ignored. > >Rick > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher >Sent: Tuesday, May 22, 2001 12:08 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] PDII > > >Are you serious? Are we talking the PDII which has a 52 week high of 142 >and is now at 83? The one who terminated the big contract with Glaxo and >got a 50% haircut? > >On 08:47 AM 5/22/01, Rick Parsons Said: > >Very tight rising base but great CANSLIM ratings, 99, A,A,A,A. > >How would you enter this? > >Comments? > > > >Rick > > > > > >- > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" or > >-"unsubscribe canslim". Do not use quotes in your email. > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- >-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. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -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. - - - -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, 23 May 2001 17:42:18 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] IGT Just my take on IGT (since it does have CANSLIM characteristics): If I owned it, I'd hold on. If I didn't (which I don't), I wouldn't be a buyer. IMHO, it is pretty far removed from its last base. For me, a base must be at least 6 weeks - preferably more - for me to buy into the stock. Generally, if I've bought on a breakout of less than 8 weeks - I've been wrong over 50% of the time. Just one man's opinion. Dave (p.s. In a recent IBD, Garrett VanWagoner "touted" EMLX and EMBT. He looks at these as stocks that have great potential but got severely beaten down by the tech wreck. Interestingly enough, these stocks still have an RS of over 75 last time I looked despite being way off their high. Not completely CANSLIM - but fits all the characteristics except for being a good ways off the 52-week high.) ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.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, 23 May 2001 20:43:04 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] SJT Sloping handle ?? Keep in mind with RS that it is weighed more heavily in favor of the most recent quarter. So a stock that was growing in price nicely while "M" drove most stocks lower would rank higher. When the market reversed and most stocks started rising, by comparison it might not be doing as well. And if it's growth actually slowed as attention was diverted to the big cap names that had fallen on their faces, but were now rising, it could hurt its current RS even more. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Patrick Wahl To: Sent: Wednesday, May 23, 2001 3:15 PM Subject: Re: [CANSLIM] SJT Sloping handle ?? Neither would bother me, but maybe that's because I don't know enough to be worried. Wouldn't you always get a declining RS during a price consolidation? Seeing volume dry up a little might be desirable, and a range contraction for a day or two. On 23 May 01, at 10:29, Kent Norman wrote: > Would you consider the double top and declining RS a > bad omen? > > Kent Norman > > --- Patrick Wahl wrote: > > That is not a handle, since there is no cup. Its > > more of a LLUR > > type thing. This one is probably ok to buy on a > > pullback since it > > has such a strong overall uptrend. I would just > > try to identify some > > sort of support level or consolidation area before > > buying though. > > > > On 23 May 01, at 8:54, Steve F wrote: > > > > > > > > I like the chart formation and fundies on SJT. I > > am > > > keeping an eye on the sloping downward handle but > > am > > > concerned about the fact the the volume is greater > > > than I would like it to be. Lower than the 50 day > > > average but not fading off either. > > > > > > Any comments. > > > > > > Steve > > > > > > __________________________________________________ > > > Do You Yahoo!? > > > Yahoo! Auctions - buy the things you want at great > > prices > > > http://auctions.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. > > > > > > > > - > > -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! Auctions - buy the things you want at great prices > http://auctions.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. - - - -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, 23 May 2001 20:52:57 -0400 From: "jsteff" Subject: Re: [CANSLIM] Re: Analyst up/downgrades Just a comment about "brokers". If they are so knowledgeable and great at stock picking why are they still trying to sell the "next great company" to their clients? Shouldn't they have made their millions by now and retired? Steff - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, May 23, 2001 8:16 PM Subject: Re: [CANSLIM] Re: Analyst up/downgrades > Naturally, this group is a bunch of independent thinkers, capable > of making a decision for themselves. I wish I could say the same > for my former colleagues holding securities licenses, or their > clients. And we all try to help each other stay out of harm's > way. Typically we don't have an investment banking relationship > to the same stocks we are analyzing, thus no bias. > > The wirehouses are a joke when it comes to their "plain English" > labels for ratings. You need a matrix to translate a "hold" as > really meaning "sell that sucka, now, at any price". I did find > such a matrix on the net a year or so ago, don't remember if I > bookmarked it or not, but if I find it again, I'll post it. > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: Steve F > To: > Sent: Wednesday, May 23, 2001 12:27 PM > Subject: RE: [CANSLIM] Re: Analyst up/downgrades > > > I enjoy following the recommendations of analysts that > have maintained 'buy' or better on stocks as they have > fallen 75% to 90% from their highs and only then > changing the recommendations to a 'hold'. Ridiculous > if it were not so pitiful that many, many people > follow these analysts and their recommendations. Also > check out how many 'sell' recommendations you find. > Surely there are some stocks that you would want to > unload. > With every bit of sincerity, I have found that > recommendations or suggestions from the people in this > group to surpass anything I have ever received from > any brokerage house. > Steve > > --- Tim Fisher wrote: > > And I can give you just as many examples of stocks > > for which the downgrade > > was a non-event a few days later. How could you know > > which would be the > > case with your stock? You are not prescient, neither > > am I, and that is what > > stops are for (IMHO!) As the list has discussed, > > downgrades based on a > > stock reaching a nonsense "target price" are just > > plain silly. If what is > > "wrong" with COCO is that it broke out and reached a > > new high, then give me > > more of these "wrong" stocks, the more the merrier! > > > > On 08:36 AM 5/23/01, Dave Rubin Said: > > >WON is clear that sometimes you can and should get > > out of a stock before it > > >is down 7-8% from your buy point if things don't > > look right. > > > > > >Today's free fall at the open was a clear sign to > > me not to wait for 8%. > > >With the stock violating its pivot on high volume, > > something was clearly > > >wrong. > > > > > >RYL is an even better example. It fell on huge > > volume on a downgrade on > > >5/16. With the pivot at 50.38, RYL would not have > > triggered stops for those > > >who bought at the right time. But this downgrade > > was not forgotten days > > >later, and RYL is now back into its base and shows > > no signs of recovery. > > > > > >Preservation of capital ... preservation of capital > > ... SERENITY NOW ... > > >SERENITY NOW ... > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On > > Behalf Of Tim Fisher > > > > Sent: Wednesday, May 23, 2001 11:27 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > > > > If you had an 8% stop loss and caught the pivot > > within 5% you would still > > > > be in. Was your stop at your buy point? I am not > > at all concerned about > > > > COCO, as the list has discussed (too much) > > yesterday, these kind of > > > > downgrades are usually forgotten within 2 days > > of the knee-jerk sell-off. > > > > > > > > On 06:47 AM 5/23/01, Rick Parsons Said: > > > > >COCO was downgraded this morning and I got > > stopped out! Darn Analysts. > > > > > > > > > >Rick > > > > > > > > > > > > > > >-----Original Message----- > > > > >From: owner-canslim@lists.xmission.com > > > > >[mailto:owner-canslim@lists.xmission.com]On > > Behalf Of Dave Cameron > > > > >Sent: Tuesday, May 22, 2001 10:11 PM > > > > >To: canslim@lists.xmission.com > > > > >Subject: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > > > > > > >Patti, > > > > > > > > > >I'm very cynical on analyst downgrades (or > > upgrades). As a general > > > > >rule, in the recent bear on the Nasdaq, > > analysts for major brokerage > > > > >houses would rate companies like CSCO as a > > strong buy half way down > > > > >its descent. At that point, they'd say it was > > overvalued (AFTER it > > > > >had already shed 30% - and they'd probably got > > their clients out). > > > > >This proclamation generally was the catalyst > > for another quick fall. > > > > > > > > > >On the flip side, I've been burned in bull > > markets this way. I once > > > > >bought a stock on a breakout to a new high. 2 > > days later, it was > > > > >downgraded by a Merrill Lynch analyst. The > > stock quickly dropped > > > > >15% on the announcement - leaving me with a > > quick 8% loss. Silly > > > > >me, I figured the only reason the stock went > > down was because of the > > > > >analyst downgrade. Well, I learned the hard > > way that once Merrill > > > > >Lynch talks, others follow. A week later, the > > stock was down 25%, > > > > >and I was still holding it. I had to sell > > then, realizing I was > > > > >wrong. 3 months later it got back above my buy > > price. I'm > > > > >confident that had ML not downgraded the stock, > > I would have had a > > > > >profit. > > > > > > > > > >My two cents, > > > > > > > > > >Dave > > > > > > > > > > > > > > >===== > > > > >Dave Cameron > > > > >dfcameron@yahoo.com > > > > > > > > > > > >__________________________________________________ > > > > >Do You Yahoo!? > > > > >Yahoo! Auctions - buy the things you want at > > great prices > > > > >http://auctions.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. > > > > > > > > > >- > > > > >-To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > > > >-In the email body, write "subscribe canslim" > > or > > > > >-"unsubscribe canslim". Do not use quotes in > > your email. > > > > > > > > Tim Fisher > > > > Ore-Rock-On and Pacific Fishery Biologists WWW > > Sites > > > > > > > > Tim@OreRockOn.com > > > > WWW: http://OreRockOn.com > > > > See naked fish and rocks! > > > > > > > > > > > > - > > > > -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. > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > > > - > > -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! Auctions - buy the things you want at great prices > http://auctions.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. > > > > - > -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, 23 May 2001 20:54:54 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HIBB Breakout Rick, My only comment is essentially non-CANSLIM. I have seen very few retail chains that succeeded long term by focusing solely on the small markets that were too small to support a Walmart or KMart type chain store. I have seen a number that were undone by a major chain building a single store in the town, and wiping them out. I have seen several that decided they were strong enough to go into a major market, but didn't know how to manage a big store. I have never really studied it, just observed it second hand for the most part, as I generally don't like retail stocks. But I have experienced it first hand from several stocks I have owned, which is one reason I avoid retail stocks. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Rick Parsons To: Sent: Wednesday, May 23, 2001 11:21 AM Subject: [CANSLIM] HIBB Breakout HIBB breaking out of a nice looking cup and handle on high volume today despite "M". Comments? Rick - - - -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, 23 May 2001 21:13:45 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] MSS-debt? - --part1_14.14a0f7ad.283dba49_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit where do you find the debt for the canslim stocks? - --part1_14.14a0f7ad.283dba49_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit where do you find the debt for the canslim stocks? - --part1_14.14a0f7ad.283dba49_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, 23 May 2001 20:34:40 -0500 From: "Norman" Subject: Re: [CANSLIM] Re: Analyst up/downgrades ... plain English This is a multi-part message in MIME format. - ------=_NextPart_000_017E_01C0E3C7.CA75D1D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I don't know about the 'plain English' analysts use but someone must. = Just about the time the downgrade below was issued NVDA went from +5% to = negative territory. I try not to let upgrades/downgrades influence my = decisions but I hate it when I'm on the losing end of a downgrade. =20 Alert: Buckingham Research downgrades NVDA to Accumulate (Headline only) = Briefing.com - 03:48 PM EDT And, why didn't the upgrade below keep FEIC from falling? Did it fall = as part of the semiconductor demise today? As Jerry Jeff Walker said, = "I been taken again." Alert: Needham & Co resumes coverage of FEIC at Strong Buy, price target = $45 (Headline only) Briefing.com - 08:56 AM EDT I guess a falling tide leaves all ships in the mud, 'til the next tide = anyway. And analyst's opinions are just that, someone's opinion. = Sigghhh. Norm - ----- Original Message -----=20 From: "Tom Worley" To: Sent: Wednesday, May 23, 2001 7:16 PM Subject: Re: [CANSLIM] Re: Analyst up/downgrades=20 > Naturally, this group is a bunch of independent thinkers, capable > of making a decision for themselves. I wish I could say the same > for my former colleagues holding securities licenses, or their > clients. And we all try to help each other stay out of harm's > way. Typically we don't have an investment banking relationship > to the same stocks we are analyzing, thus no bias. >=20 > The wirehouses are a joke when it comes to their "plain English" > labels for ratings. You need a matrix to translate a "hold" as > really meaning "sell that sucka, now, at any price". I did find > such a matrix on the net a year or so ago, don't remember if I > bookmarked it or not, but if I find it again, I'll post it. >=20 > Tom Worley > stkguru@netside.net >=20 >=20 > ----- Original Message ----- > From: Steve F > To: > Sent: Wednesday, May 23, 2001 12:27 PM > Subject: RE: [CANSLIM] Re: Analyst up/downgrades >=20 >=20 > I enjoy following the recommendations of analysts that > have maintained 'buy' or better on stocks as they have > fallen 75% to 90% from their highs and only then > changing the recommendations to a 'hold'. Ridiculous > if it were not so pitiful that many, many people > follow these analysts and their recommendations. Also > check out how many 'sell' recommendations you find. > Surely there are some stocks that you would want to > unload. > With every bit of sincerity, I have found that > recommendations or suggestions from the people in this > group to surpass anything I have ever received from > any brokerage house. > Steve >=20 > --- Tim Fisher wrote: > > And I can give you just as many examples of stocks > > for which the downgrade > > was a non-event a few days later. How could you know > > which would be the > > case with your stock? You are not prescient, neither > > am I, and that is what > > stops are for (IMHO!) As the list has discussed, > > downgrades based on a > > stock reaching a nonsense "target price" are just > > plain silly. If what is > > "wrong" with COCO is that it broke out and reached a > > new high, then give me > > more of these "wrong" stocks, the more the merrier! > > > > On 08:36 AM 5/23/01, Dave Rubin Said: > > >WON is clear that sometimes you can and should get > > out of a stock before it > > >is down 7-8% from your buy point if things don't > > look right. > > > > > >Today's free fall at the open was a clear sign to > > me not to wait for 8%. > > >With the stock violating its pivot on high volume, > > something was clearly > > >wrong. > > > > > >RYL is an even better example. It fell on huge > > volume on a downgrade on > > >5/16. With the pivot at 50.38, RYL would not have > > triggered stops for those > > >who bought at the right time. But this downgrade > > was not forgotten days > > >later, and RYL is now back into its base and shows > > no signs of recovery. > > > > > >Preservation of capital ... preservation of capital > > ... SERENITY NOW ... > > >SERENITY NOW ... > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On > > Behalf Of Tim Fisher > > > > Sent: Wednesday, May 23, 2001 11:27 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > > > > If you had an 8% stop loss and caught the pivot > > within 5% you would still > > > > be in. Was your stop at your buy point? I am not > > at all concerned about > > > > COCO, as the list has discussed (too much) > > yesterday, these kind of > > > > downgrades are usually forgotten within 2 days > > of the knee-jerk sell-off. > > > > > > > > On 06:47 AM 5/23/01, Rick Parsons Said: > > > > >COCO was downgraded this morning and I got > > stopped out! Darn Analysts. > > > > > > > > > >Rick > > > > > > > > > > > > > > >-----Original Message----- > > > > >From: owner-canslim@lists.xmission.com > > > > >[mailto:owner-canslim@lists.xmission.com]On > > Behalf Of Dave Cameron > > > > >Sent: Tuesday, May 22, 2001 10:11 PM > > > > >To: canslim@lists.xmission.com > > > > >Subject: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > > > > > > > >Patti, > > > > > > > > > >I'm very cynical on analyst downgrades (or > > upgrades). As a general > > > > >rule, in the recent bear on the Nasdaq, > > analysts for major brokerage > > > > >houses would rate companies like CSCO as a > > strong buy half way down > > > > >its descent. At that point, they'd say it was > > overvalued (AFTER it > > > > >had already shed 30% - and they'd probably got > > their clients out). > > > > >This proclamation generally was the catalyst > > for another quick fall. > > > > > > > > > >On the flip side, I've been burned in bull > > markets this way. I once > > > > >bought a stock on a breakout to a new high. 2 > > days later, it was > > > > >downgraded by a Merrill Lynch analyst. The > > stock quickly dropped > > > > >15% on the announcement - leaving me with a > > quick 8% loss. Silly > > > > >me, I figured the only reason the stock went > > down was because of the > > > > >analyst downgrade. Well, I learned the hard > > way that once Merrill > > > > >Lynch talks, others follow. A week later, the > > stock was down 25%, > > > > >and I was still holding it. I had to sell > > then, realizing I was > > > > >wrong. 3 months later it got back above my buy > > price. I'm > > > > >confident that had ML not downgraded the stock, > > I would have had a > > > > >profit. > > > > > > > > > >My two cents, > > > > > > > > > >Dave > > > > > > > > > > > > > > >=3D=3D=3D=3D=3D > > > > >Dave Cameron > > > > >dfcameron@yahoo.com > > > > > > > > > > > >__________________________________________________ > > > > >Do You Yahoo!? > > > > >Yahoo! Auctions - buy the things you want at > > great prices > > > > >http://auctions.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. > > > > > > > > > >- > > > > >-To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > > > >-In the email body, write "subscribe canslim" > > or > > > > >-"unsubscribe canslim". Do not use quotes in > > your email. > > > > > > > > Tim Fisher > > > > Ore-Rock-On and Pacific Fishery Biologists WWW > > Sites > > > > > > > > Tim@OreRockOn.com > > > > WWW: http://OreRockOn.com > > > > See naked fish and rocks! > > > > > > > > > > > > - > > > > -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. > > > > Tim Fisher > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > Tim@OreRockOn.com > > WWW: http://OreRockOn.com > > See naked fish and rocks! > > > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. >=20 >=20 > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - buy the things you want at great prices > http://auctions.yahoo.com/ >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 >=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 >=20 - ------=_NextPart_000_017E_01C0E3C7.CA75D1D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I don't know about the 'plain English' analysts use but someone = must. =20 Just about the time the downgrade below was issued NVDA went from = +5% to=20 negative territory.  I try not to let upgrades/downgrades influence = my=20 decisions but I hate it when I'm on the losing end of a downgrade.  =
 
Alert: Buckingham Research downgrades NVDA to = Accumulate=20 (Headline only) Briefing.com - 03:48 PM = EDT
 
And, why didn't the upgrade below keep FEIC from=20 falling?  Did it fall as part of the semiconductor demise = today? =20 As Jerry Jeff Walker said, "I been taken again."
 
Alert:=20 Needham & Co resumes coverage of FEIC at Strong Buy, price target = $45 (Headline only) Briefing.com - = 08:56 AM=20 EDT
 
I guess a falling tide leaves = all ships in=20 the mud, 'til the next tide anyway.  And analyst's opinions are = just that,=20 someone's opinion.  Sigghhh.
 
Norm
 
----- Original Message -----=20
From: "Tom Worley" <stkguru@netside.net>
To: <canslim@lists.xmission.com= >
Sent: Wednesday, May 23, 2001 7:16 PM
Subject: Re: [CANSLIM] Re: Analyst up/downgrades

> Naturally, this group is a bunch of independent = thinkers,=20 capable
> of making a decision for themselves. I wish I could say = the=20 same
> for my former colleagues holding securities licenses, or=20 their
> clients. And we all try to help each other stay out of=20 harm's
> way. Typically we don't have an investment banking=20 relationship
> to the same stocks we are analyzing, thus no = bias.
>=20
> The wirehouses are a joke when it comes to their "plain=20 English"
> labels for ratings. You need a matrix to translate a = "hold"=20 as
> really meaning "sell that sucka, now, at any price". I did=20 find
> such a matrix on the net a year or so ago, don't remember = if=20 I
> bookmarked it or not, but if I find it again, I'll post = it.
>=20
> Tom Worley
> stkguru@netside.net
> =
>=20
> ----- Original Message -----
> From: Steve F <stevepdv@yahoo.com>
> = To: <canslim@lists.xmission.com= >
>=20 Sent: Wednesday, May 23, 2001 12:27 PM
> Subject: RE: [CANSLIM] = Re:=20 Analyst up/downgrades
>
>
> I enjoy following the=20 recommendations of analysts that
> have maintained 'buy' or better = on=20 stocks as they have
> fallen 75% to 90% from their highs and only=20 then
> changing the recommendations to a 'hold'.  =20 Ridiculous
> if it were not so pitiful that many, many = people
>=20 follow these analysts and their recommendations.  Also
> = check out=20 how many 'sell' recommendations you find.
> Surely there are some = stocks=20 that you would want to
> unload.
> With every bit of = sincerity, I=20 have found that
> recommendations or suggestions from the people = in=20 this
> group to surpass anything I have ever received from
> = any=20 brokerage house.
> Steve
>
> --- Tim Fisher <Tim@OreRockOn.com> = wrote:
> >=20 And I can give you just as many examples of stocks
> > for = which the=20 downgrade
> > was a non-event a few days later. How could you=20 know
> > which would be the
> > case with your stock? = You are=20 not prescient, neither
> > am I, and that is what
> > = stops=20 are for (IMHO!) As the list has discussed,
> > downgrades based = on=20 a
> > stock reaching a nonsense "target price" are just
> = >=20 plain silly. If what is
> > "wrong" with COCO is that it broke = out and=20 reached a
> > new high, then give me
> > more of these = "wrong"=20 stocks, the more the merrier!
> >
> > On 08:36 AM = 5/23/01,=20 Dave Rubin Said:
> > >WON is clear that sometimes you can = and should=20 get
> > out of a stock before it
> > >is down 7-8% = from=20 your buy point if things don't
> > look right.
> >=20 >
> > >Today's free fall at the open was a clear sign = to
>=20 > me not to wait for 8%.
> > >With the stock violating = its pivot=20 on high volume,
> > something was clearly
> >=20 >wrong.
> > >
> > >RYL is an even better = example. It=20 fell on huge
> > volume on a downgrade on
> > = >5/16. With=20 the pivot at 50.38, RYL would not have
> > triggered stops for=20 those
> > >who bought at the right time. But this = downgrade
>=20 > was not forgotten days
> > >later, and RYL is now back = into its=20 base and shows
> > no signs of recovery.
> > = >
> >=20 >Preservation of capital ... preservation of capital
> > ... = SERENITY NOW ...
> > >SERENITY NOW ...
> > = >
>=20 > > > -----Original Message-----
> > > > From: = owner-canslim@lists.xmis= sion.com
>=20 > > > [mailto:owner-canslim@lists.xmission.com]On
> > = Behalf=20 Of Tim Fisher
> > > > Sent: Wednesday, May 23, 2001 11:27 = AM
> > > > To: canslim@lists.xmission.com=
>=20 > > > Subject: RE: [CANSLIM] Re: Analyst up/downgrades
> = >=20 > >
> > > >
> > > > If you had an 8% = stop=20 loss and caught the pivot
> > within 5% you would still
> = >=20 > > be in. Was your stop at your buy point? I am not
> > = at all=20 concerned about
> > > > COCO, as the list has discussed = (too=20 much)
> > yesterday, these kind of
> > > > = downgrades=20 are usually forgotten within 2 days
> > of the knee-jerk=20 sell-off.
> > > >
> > > > On 06:47 AM = 5/23/01,=20 Rick Parsons Said:
> > > > >COCO was downgraded this = morning=20 and I got
> > stopped out!  Darn Analysts.
> > = > >=20 >
> > > > >Rick
> > > > >
> = >=20 > > >
> > > > >-----Original = Message-----
>=20 > > > >From: owner-canslim@lists.xmis= sion.com
>=20 > > > >[mailto:owner-canslim@lists.xmission.com]On
> = >=20 Behalf Of Dave Cameron
> > > > >Sent: Tuesday, May 22, = 2001=20 10:11 PM
> > > > >To: canslim@lists.xmission.com=
>=20 > > > >Subject: [CANSLIM] Re: Analyst up/downgrades
> = >=20 > > >
> > > > >
> > > >=20 >Patti,
> > > > >
> > > > >I'm = very=20 cynical on analyst downgrades (or
> > upgrades).   As = a=20 general
> > > > >rule, in the recent bear on the=20 Nasdaq,
> > analysts for major brokerage
> > > > = >houses would rate companies like CSCO as a
> > strong buy = half way=20 down
> > > > >its descent.   At that point, = they'd=20 say it was
> > overvalued (AFTER it
> > > > = >had=20 already shed 30% - and they'd probably got
> > their clients=20 out).
> > > > >This proclamation generally was the=20 catalyst
> > for another quick fall.
> > > >=20 >
> > > > >On the flip side, I've been burned in=20 bull
> > markets this way.   I once
> > > = >=20 >bought a stock on a breakout to a new high.   2
> = > days=20 later, it was
> > > > >downgraded by a Merrill Lynch=20 analyst.   The
> > stock quickly dropped
> > = >=20 > >15% on the announcement - leaving me with a
> > quick = 8%=20 loss.   Silly
> > > > >me, I figured the = only reason=20 the stock went
> > down was because of the
> > > = >=20 >analyst downgrade.   Well, I learned the hard
> > = way=20 that once Merrill
> > > > >Lynch talks, others=20 follow.   A week later, the
> > stock was down = 25%,
>=20 > > > >and I was still holding it.   I had to = sell
>=20 > then, realizing I was
> > > > >wrong.  3 = months=20 later it got back above my buy
> > price.   = I'm
> >=20 > > >confident that had ML not downgraded the stock,
> = > I=20 would have had a
> > > > >profit.
> > > = >=20 >
> > > > >My two cents,
> > > >=20 >
> > > > >Dave
> > > > >
> = >=20 > > >
> > > > >=3D=3D=3D=3D=3D
> > = > > >Dave=20 Cameron
> > > > >dfcameron@yahoo.com
> > > = >=20 >
> > > >
> >=20 >__________________________________________________
> > > = >=20 >Do You Yahoo!?
> > > > >Yahoo! Auctions - buy the = things=20 you want at
> > great prices
> > > >=20 >http://auctions.yahoo.com/
> > > > >
> > = >=20 > >-
> > > > >-To subscribe/unsubscribe, = email
>=20 > "majordomo@xmission.com"
>= ; >=20 > > >-In the email body, write "subscribe canslim"
> > = or
> > > > >-"unsubscribe canslim".  Do not use = quotes=20 in
> > your email.
> > > > >
> > = > >=20 >-
> > > > >-To subscribe/unsubscribe, = email
> >=20 "majordomo@xmission.com"
>= ;=20 > > > >-In the email body, write "subscribe canslim"
> = >=20 or
> > > > >-"unsubscribe canslim".  Do not use = quotes=20 in
> > your email.
> > > >
> > > = > Tim=20 Fisher
> > > > Ore-Rock-On and Pacific Fishery Biologists = WWW
> > Sites
> > > >
> > > > Tim@OreRockOn.com
> > = > >=20 WWW: http://OreRockOn.com
> = > >=20 > See naked fish and rocks!
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> > Ore-Rock-On and = Pacific=20 Fishery Biologists WWW Sites
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> > = WWW: http://OreRockOn.com
> > See = naked fish=20 and rocks!
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