From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #778 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 Saturday, December 25 1999 Volume 02 : Number 778 In this issue: [CANSLIM] An analysis of FORR and GICOF Re: [CANSLIM] An analysis of FORR and GICOF RE: [CANSLIM] Re: Cup & Handle Screening Online [CANSLIM] WON's new "24 Essential Lessions for Investment Success" book [CANSLIM] WON's 24 Essential Lessons for Investment Success Re: [CANSLIM] some stocks [CANSLIM] Success rates/Peter Christiansen/Allocation? Re: [CANSLIM] An analysis of FORR and GICOF Re: [CANSLIM] Moving Averages and Momentum Re: [CANSLIM] Success rates/Peter Christiansen/Allocation? Re: [CANSLIM] An analysis of FORR and GICOF ---------------------------------------------------------------------- Date: Fri, 24 Dec 1999 10:45:42 EST From: SKutney@aol.com Subject: [CANSLIM] An analysis of FORR and GICOF Hi, I was wondering if the group could look at two recent stock purchases and tell me if my analysis is correct. I''ve owned both of these stocks before. FORR was sold at a small profit while GICOF was sold for a loss. I felt that my buy points were wrong in both prior purchases. I'm trying to improve on the situation. I purchased (FORR) Forrester Research with two 50 share purchases: 11/9/99 at 48.6 11/17/99 at 48.81 I noticed that the volume was low but I know that this stock has been basing for a long time. I notice that the cup is not perfect. At some points the volume went way up when the price went down. It seems to me that perfect cups are hard to find. When the volume was high I believe that it was in the same time frame as when the general internet group was in a sector rotation. Internets stocks are the subject of Forester's research although it's in the Commercial Services group. Ok, so I purchased the stock and apparently some mutual fund went to buy big time. The stock when up to $72. The volume went way up. It's now retreated back to 64. The return on equity is 17. The float is 1.6 Million shares and PE is around 60. The New part is the way they provide internet company research. It's real nice that FORR went up but it's now retreating on very low volume. I'm wondering if I should sell because of the low volume. This stock did the same thing before consolidating. I sold and the stock continued to drift lower. The stock this time may not drift back into the base because it has had a year to consolidate. This Gilant Communications (GICOF) purchase was made for 100 shares on 12/17/99 at an actual price of 24.43. The PE is around 60. The float is 9 million shares. I'm not sure of the return on equity. This is not reported in YAHOO. The left side of the cup as I see it starts in July. The volume dried up in the debt of the cup. The pivot point to me was 23.5. I entered a buy stop at 23.5. The stock was featured in IBD New America section although the company is based in Isreal. The company is in the TELCOM/SVCS group. They provide educational services. I purchased the stock prior to the IBD artical. I've noticed in the past that stocks shoot up when they appear in "New America". They then retreat and then sometimes they move forward. The new part of CANSLIM is the fact that they aqquired another company that provides teaching services. The stock when up to 29 and is retreating almost to the pivot point. The difference between GICOF and FORR is that GICOF is retreating on high volume. The average volume for GICOF is 87,000. The last trade day it retreated on a volume of 176,000. FORR has an average volume of 54,600. It's most recent volume is 5,400. My question is this. Should I have bailed out of these stocks when they advanced 20%? Should I hang in? Steve Kutney - - ------------------------------ Date: 24 Dec 1999 10:29:16 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] An analysis of FORR and GICOF FORR - I see no reason to sell. It is a fourth stage breakout so it may have run out of steam. Depends on your goals - I have never personally dumped a stock when it was up 20%. I think you miss so much more opportunity doing that, and it leads to churning you account. Do you really want to be a day trader? Technically I seed support around 50, but if it was mine and I was in where you bot I'd be looking to sell just under 60. GICOF - I see no reason to buy. I have been watching this one and unless you were in between 15 and 20 you bot a very extended stock. I'd put support at 18-19 and I see a real possibility it will hit that support if "M" is not perfect, but since your buy is above that, I'd set a stop so you don't lose your shirt. In this case I would sell at any further sign of weakness, i.e. a further drop on high volume. At 10:45 AM 12/24/99 -0500, you wrote: >Hi, > > I was wondering if the group could look at two recent stock purchases and >tell me if my analysis is correct. I''ve owned both of these stocks before. >FORR was sold at >a small profit while GICOF was sold for a loss. I felt that my buy points >were wrong >in both prior purchases. I'm trying to improve on the situation. > >I purchased (FORR) Forrester Research with two 50 share purchases: >11/9/99 at 48.6 >11/17/99 at 48.81 > >I noticed that the volume was low but I know that this stock has been basing >for a long time. I notice that the cup is not perfect. At some points the >volume went way >up when the price went down. It seems to me that perfect cups are hard to >find. >When the volume was high I believe that it was in the same time frame as when >the >general internet group was in a sector rotation. Internets stocks are the >subject of Forester's research although it's in the Commercial Services >group. > >Ok, so I purchased the stock and apparently some mutual fund went to buy big >time. >The stock when up to $72. The volume went way up. It's now retreated back to >64. The return on equity is 17. The float is 1.6 Million shares and PE is >around 60. The New part is the way they provide internet company research. > >It's real nice that FORR went up but it's now retreating on very low volume. >I'm wondering if I should sell because of the low volume. This stock did the >same thing before consolidating. I sold and the stock continued to drift >lower. The stock this time may not drift back into the base because it has >had a year to consolidate. > >This Gilant Communications (GICOF) purchase was made for 100 shares on >12/17/99 at an actual price of 24.43. The PE is around 60. The float is 9 >million shares. I'm not sure of the return on equity. This is not reported in >YAHOO. >The left side of the cup as I see it starts in July. The volume dried up in >the debt of the cup. The pivot point to me was 23.5. I entered a buy stop at >23.5. The stock was featured in IBD New America section although the company >is based in Isreal. The company is in the TELCOM/SVCS group. They provide >educational services. I purchased the stock prior to the IBD artical. I've >noticed in the past that stocks shoot up when they appear in "New America". >They then retreat and then sometimes they move forward. The new part of >CANSLIM is the fact that they aqquired another company that provides teaching >services. > >The stock when up to 29 and is retreating almost to the pivot point. The >difference between GICOF and FORR is that GICOF is retreating on high volume. >The average volume for GICOF is 87,000. The last trade day it retreated on a >volume of 176,000. >FORR has an average volume of 54,600. It's most recent volume is 5,400. > >My question is this. Should I have bailed out of these stocks when they >advanced 20%? Should I hang in? > >Steve Kutney > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 24 Dec 1999 12:20:32 -0800 From: "Jack Wood" Subject: RE: [CANSLIM] Re: Cup & Handle Screening Online Well, Earl, I just used your url reference and it got to the cup and handle screen. Pretty interesting. A number of options to use in doing the screens. I don't understand it all yet and can't find a "help" screen to define the various options and screening markings. I'm not able to understand the way they have their web site organized yet either. Maybe someone else can figure it out. Jack Wood - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Thursday, December 23, 1999 7:04 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Re: Cup & Handle Screening Online I just checked it out, and it's still working here. FYI, I just logged in and went to the Stock Tables search engine. After the initial search, I clicked on Cup and Handle, and it brought up the C&H search engine with it's options. Is this how you are accessing it? Login URL was: http://www.stocktables.com/shell-cgi/foxweb.exe/stocks2/imfguestpw At 05:32 PM 12/23/99 -0500, you wrote: >Well, I signed on, and just tried it again ... and it didn't work. In fact, >none of the database searches are working at the moment. I did the trial, >so maybe it'll be working tomorrow? The http://www.cupnhandle.com/ address >is new since the other day, so I'll give 'em the benefit of the doubt, and >say they're working the bugs out. > >Regard, >Rich > >----- Original Message ----- >From: "Jack Wood" >To: >Sent: Thursday, December 23, 1999 3:29 PM >Subject: RE: [CANSLIM] Re: Cup & Handle Screening Online > > >> Thanks for the reply Rich, but for the life of me I can't figure out how >to >> get to it? Care to share the secret? Thanks. >> >> Jack >> >> -----Original Message----- >> From: owner-canslim@lists.xmission.com >> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rich Ralph >> Sent: Thursday, December 23, 1999 12:16 PM >> To: canslim@lists.xmission.com >> Subject: Re: [CANSLIM] Re: Cup & Handle Screening Online >> >> >> Hi Jack, >> >> It's in there - I tried it the other night. Sounds like they haven't >> updated their site. >> >> Happy Holidays, >> Rich Ralph >> >> >> ----- Original Message ----- >> From: "Jack Wood" >> To: >> Sent: Thursday, December 23, 1999 12:20 PM >> Subject: RE: [CANSLIM] Re: Cup & Handle Screening Online >> >> >> > Bill: >> > >> > All I can find at www.stocktables.com is the advertisement that they >plan >> to >> > provide the cup and handle screens sometime in the future. If they are >> > actually providing the screens presently they have it well hidden on >their >> > site. Am I missing it? >> > >> > Jack Wood >> > >> > -----Original Message----- >> > From: owner-canslim@lists.xmission.com >> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bill Ford >> > Sent: Monday, December 20, 1999 1:23 PM >> > To: canslim@lists.xmission.com; canslim-digest@lists.xmission.com >> > Subject: [CANSLIM] Re: Cup & Handle Screening Online >> > >> > >> > StockTables.com just added a NEW feature on Friday which screens for cup >& >> > handle breakouts on a daily basis. >> > >> > There is a free two week trial >> > http://www.stocktables.com >> > >> > Regards >> > Bill >> > >> > - >> > >> > >> > >> > - >> > >> > >> >> >> - >> >> >> >> - >> >> > > >- > > > - - - - ------------------------------ Date: Fri, 24 Dec 1999 12:34:08 -0800 From: "Jack Wood" Subject: [CANSLIM] WON's new "24 Essential Lessions for Investment Success" book I just bought WON's newest book, "24 Essential Lessons for Investment Success" through Amazon.com. I suspected it might simply be a book print of his posting of "26 Weeks to Successful Investing" found at http://ibd.infostreet.com/won/. It appears to be just that with very minor differences. Nevertheless either source is quite good and helpful. It is more basic, direct and easier to understand than HTMMIS. The book costs a little over $8.00 plus shipping and handling. Or, read it free at the web site I cited. Jack Wood - - ------------------------------ Date: Fri, 24 Dec 1999 12:02:59 -0800 From: "Jack Wood" Subject: [CANSLIM] WON's 24 Essential Lessons for Investment Success I bought WON's newest book, "24 Essential Lessons for Investment Success" through Amazon.com. I suspected it might simply be a book print of his posting of "26 Weeks to Successful Investing" found at http://ibd.infostreet.com/won/. It appears to be just that with very minor differences. Nevertheless either source is quite good and helpful. It is more basic, direct and easier to understand than HTMMIS. The book costs a little over $8.00 plus shipping and handling. Or, read it free at the web site I cited. Jack Wood - - ------------------------------ Date: Fri, 24 Dec 1999 15:32:41 -0600 From: Dave Cameron Subject: Re: [CANSLIM] some stocks Patrick Wahl wrote: > > Here are a couple of stocks that look sort of interesting, they are > near the top of bases and are showing good revenue growth, if not > earnings growth - > > Cognex (CGNX) Chart looks pretty good. Looks like the time to buy (ideally) was 2 days ago - just before it hit 36 - but its certainly not too late. > Carrier Access (CACS) This one's not my style. The base it is currently in has a top around 65 - but there's been a lot of stutter-stepping in this one; I tend to have bad luck with this type. > Go2Net (GNET) Wow! What a run-up earlier in the year. A 52-week trading range of 9 to 111!?! - --- If we're going to post stocks of this type - high revenue growth, good RS, good chart - I'd add VRIO. Has a 99 RS; a niche as a mid-range web hoster to smaller companies, and a breakout about 2 weeks ago above 42.5 on high volume. The stock got extended roughly a week ago - but has backfilled. If it bounces higher next week (off the 20 day EMA), I'd take it as a real positive. Merry Christmas, Dave Cameron dfcameron@ameritech.net > > - - - ------------------------------ Date: Fri, 24 Dec 1999 15:38:52 -0600 From: Dave Cameron Subject: [CANSLIM] Success rates/Peter Christiansen/Allocation? I've been catching up on my CANSLIM mailings. One thing I tend to do from time to time is keep e-mails where someone mentions a stock and look about 3 months later to see what's happened since that point. Most of us have a spotty record on these. But... there have been some posters who post notices on stocks breaking out that tend to have a much higher probability of being noticeably higher 3 months from the initial post. The best at this was Peter Christiansen. Peter, are you still on the list? Zoran Mitrovski had a knack for doing well; I believe he tends to lurk. Of course, some of you just post lists such as Earl Setser and Tom Worley. I normally don't take the time to go through all of these 3 mos. later. Anyway, hope most of you had a great success rate this year. I did well on percentage of stocks gaining, but not very well on allocation of funds. I tended to have more money in my losers and less in my gainers. The only stock that I had that doubled was my smallest purchase - I was gunshy because the EPS was 75 - but the revenue growth was huge. So I bought - but small... My biggest loser was one I doubled up on - and watched it crash. So... I should have done better in making money this year. In 2000, I plan to try equal allocation to all purchases. Van Tharp would be appalled - but its better than what I'm doing now. Dave Cameron dfcameron@ameritech.net - - ------------------------------ Date: Fri, 24 Dec 1999 19:22:06 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] An analysis of FORR and GICOF Hi Steve, With FORR, you were at least a little lucky. You bot (esp your first purchase) while the stock was beginning what proved to be a short and tight base. At least in theory, you should have been stopped out of some or all of the shares on 11/24 when it dipped to 44.50. Since then, the stock appears to have gotten ahead of itself, and corrected on profit taking. But for the moment, it appears to have support over 60. It's hard to judge much during the present due the low holiday related volume, but for the moment it seems to me to be a consolidation (lower high, higher low). On GICOF, the ROE is 18, and the float is 6.3 mil shares. DGO shows ADV as 106,800 - possibly a difference in the number of days they use vs Yahoo. :You bot in what would have been the handle, had a handle ever formed. You bot on the run, as the stock was already breaking out on volume. Again, holiday related trading makes the volume a poor indicator of what's happening. I am inclined to speculate that it is just returning to a base support having failed the breakout where you bot. But there is little to prevent it going below that level as well. You bot without a nearby base (the unformed handle) thus it could trade down thru your buy point. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: SKutney@aol.com To: canslim@lists.xmission.com Date: Friday, December 24, 1999 10:46 AM Subject: [CANSLIM] An analysis of FORR and GICOF Hi, I was wondering if the group could look at two recent stock purchases and tell me if my analysis is correct. I''ve owned both of these stocks before. FORR was sold at a small profit while GICOF was sold for a loss. I felt that my buy points were wrong in both prior purchases. I'm trying to improve on the situation. I purchased (FORR) Forrester Research with two 50 share purchases: 11/9/99 at 48.6 11/17/99 at 48.81 I noticed that the volume was low but I know that this stock has been basing for a long time. I notice that the cup is not perfect. At some points the volume went way up when the price went down. It seems to me that perfect cups are hard to find. When the volume was high I believe that it was in the same time frame as when the general internet group was in a sector rotation. Internets stocks are the subject of Forester's research although it's in the Commercial Services group. Ok, so I purchased the stock and apparently some mutual fund went to buy big time. The stock when up to $72. The volume went way up. It's now retreated back to 64. The return on equity is 17. The float is 1.6 Million shares and PE is around 60. The New part is the way they provide internet company research. It's real nice that FORR went up but it's now retreating on very low volume. I'm wondering if I should sell because of the low volume. This stock did the same thing before consolidating. I sold and the stock continued to drift lower. The stock this time may not drift back into the base because it has had a year to consolidate. This Gilant Communications (GICOF) purchase was made for 100 shares on 12/17/99 at an actual price of 24.43. The PE is around 60. The float is 9 million shares. I'm not sure of the return on equity. This is not reported in YAHOO. The left side of the cup as I see it starts in July. The volume dried up in the debt of the cup. The pivot point to me was 23.5. I entered a buy stop at 23.5. The stock was featured in IBD New America section although the company is based in Isreal. The company is in the TELCOM/SVCS group. They provide educational services. I purchased the stock prior to the IBD artical. I've noticed in the past that stocks shoot up when they appear in "New America". They then retreat and then sometimes they move forward. The new part of CANSLIM is the fact that they aqquired another company that provides teaching services. The stock when up to 29 and is retreating almost to the pivot point. The difference between GICOF and FORR is that GICOF is retreating on high volume. The average volume for GICOF is 87,000. The last trade day it retreated on a volume of 176,000. FORR has an average volume of 54,600. It's most recent volume is 5,400. My question is this. Should I have bailed out of these stocks when they advanced 20%? Should I hang in? Steve Kutney - - - - ------------------------------ Date: Fri, 24 Dec 1999 23:53:17 -0800 From: David Kwan Subject: Re: [CANSLIM] Moving Averages and Momentum >1. Any strong stock generally bounces off one of its moving averages >2. The moving average can be 10, 20, 50, 100 or 200 >3. Each stock has its moving average bounce line >4. New Highs are reached 1 to 8 weeks after bouncing off the MA I am using moving averages as my basic entry setup. However, I just started working on it, and have made a lot of mistakes. The patterns look great in hindsight ("Buy when it hits the 50 DMA"), but when you try to execute it, it's a whole different story. I just blew one trade on WWCA. It kept bouncing off its 50 DMA, so I bought 1 point above the 50 DMA, but 2 days later it went down to its 100 DMA and bounced off of that. I sold at the bottom. I did the same thing with CPN, but fortunately, it DID bounce off its 50 DMA. I am improving my method through trial and error. I would suggest looking at 50-100 of the strongest stocks (almost all of them will be Nasdaq, high-tech stocks). Look at every instance of a bounce off the 20, 50, 100, and 200 DMA in the last year. You need a larger database before you can develop rules. In my observation the exponential moving average works better than the simple moving average. I don't agree with observation #3; stocks will bounce off all 5 of the averages at different times. Also, if you use this method, only trade the very, very strongest stocks, with the smoothest, most consistent patterns. Don't waste your time on thinly traded, small caps. Someone mentioned the Holy Grail setup. This is a great trading pattern based on the 20 day EMA. It is described in the classic short-term trading book "Street Smarts" by Larry Connors & Linda Raschke. This is written by 2 top traders. This book is expensive but worth it. David Kwan dkwan@home.com - - ------------------------------ Date: Sat, 25 Dec 1999 15:19:07 GMT From: boshers@freewwweb.com Subject: Re: [CANSLIM] Success rates/Peter Christiansen/Allocation? On Fri, 24 Dec 1999, Dave Cameron wrote: >But... there have been some posters who post notices on stocks >breaking out that tend to have a much higher probability of >being noticeably higher 3 months from the initial post. The >best at this was Peter Christiansen. Peter, are you still >on the list? Zoran Mitrovski had a knack for doing well; >I believe he tends to lurk. [...] In 2000, I plan >to try equal allocation to all purchases. Van Tharp would >be appalled - but its better than what I'm doing now. > >Dave Cameron >dfcameron@ameritech.net You might wish to add Johan Van Houtven to your list of prescient portfolio pickers. Sometimes his posts don't come with a lot of hornblowing, but if he has actually invested in the stocks he has mentioned on this list, then he is one of the most successful investors around. Peter Christiansen is on my watch list as well. I wish they would post more or preferably post their portfolio on Clearstation and provide a link so I could watch them work! Your allocation plan is bound to be a wise one. I'd like to see more discussion of risk management techniques listers find helpful. I want to be an investor all my life and REFUSE to be a loser. To me, that means limiting my potential losses by limiting each position to about 1/15 (sometimes 5%, rarely 10%) of my portfolio. It means being willing to cut my losses (max 10% or hopefully sooner). I find it difficult to take profits regularly, so I look to write covered calls a few weeks out at strike prices that are about 10% out of the money. I sleep better not worrying about the daily fluctuations in value. If I am not called out, it is a WIN for me. If I am called out, it is a WIN for me and a WIN for the guy who bought my call. Where else in the investment world can there be winners on all sides of the same transaction?=20 Andy Boshers boshers@freewwweb.com - - ------------------------------ Date: Sat, 25 Dec 1999 10:15:01 -0700 From: Earl Setser Subject: Re: [CANSLIM] An analysis of FORR and GICOF You've already had some good commetary on these purchases, but I thought I would take a shot also. FWIW, I believe both a these have recently been on my watch lists. This would indicate that they are ranked 85/85/A/B/B or better, so that would be a plus. FORR - Nice cup with closing high at 47.5 on 1/19, breakout on good volume on 11/5. Your purchases were both well within the 5% limit, so good so far. My approach at this point would have been to set a -8% mental closing stop. That would have put the stop at 44.75. The stock has stayed well above this level, so I would probably have held it for the most part. After the larger gains this month, the down moves on higher volume would have been of some concern, so I might have parted with it in the low to mid 60s. That would have been a nice gain of 30-35%. Why did you sell this one and did you hold through the run-up?? GICOF - I remember this one as I was watching it, but it moved up while I was on a business trip and I didn't catch it. Nice cup with a closing high of 22.9 on 7/12. Breakout was 12/16 or 12/17 depending on the ADV at that point. 12/16 would have been ideal, but it just beat the 22.9 (23) by closing at the daily high, and then gapped up the next day. Your purchase at 24.43 is 6% above my pivot, probably close enough to be a good call. The stock promptly shot up, but has since come back towards the pivot on lower volume. I don't see a good reason to sell this one yet, as it has held above the pivot point. As long as it trades above 23 on a closing basis, and the down volume is real high, I think it's a good hold. In fact, this one might be a good "second-chance" buy for people with some cash on hand. Overall, I would say your buys look good to me. The real question is about the timing of sells on these stocks. This is pretty consistent with my general results with CANSLIM, I seem to buy some very good stocks, but the timing of the sells is the bigger challenge. (I have sold RFMD, ETEK, and PMCS just before large runups during the last several months.) At 10:45 AM 12/24/99 EST, you wrote: >Hi, > > I was wondering if the group could look at two recent stock purchases and >tell me if my analysis is correct. I''ve owned both of these stocks before. >FORR was sold at >a small profit while GICOF was sold for a loss. I felt that my buy points >were wrong >in both prior purchases. I'm trying to improve on the situation. > >I purchased (FORR) Forrester Research with two 50 share purchases: >11/9/99 at 48.6 >11/17/99 at 48.81 > >I noticed that the volume was low but I know that this stock has been basing >for a long time. I notice that the cup is not perfect. At some points the >volume went way >up when the price went down. It seems to me that perfect cups are hard to >find. >When the volume was high I believe that it was in the same time frame as when >the >general internet group was in a sector rotation. Internets stocks are the >subject of Forester's research although it's in the Commercial Services >group. > >Ok, so I purchased the stock and apparently some mutual fund went to buy big >time. >The stock when up to $72. The volume went way up. It's now retreated back to >64. The return on equity is 17. The float is 1.6 Million shares and PE is >around 60. The New part is the way they provide internet company research. > >It's real nice that FORR went up but it's now retreating on very low volume. >I'm wondering if I should sell because of the low volume. This stock did the >same thing before consolidating. I sold and the stock continued to drift >lower. The stock this time may not drift back into the base because it has >had a year to consolidate. > >This Gilant Communications (GICOF) purchase was made for 100 shares on >12/17/99 at an actual price of 24.43. The PE is around 60. The float is 9 >million shares. I'm not sure of the return on equity. This is not reported in >YAHOO. >The left side of the cup as I see it starts in July. The volume dried up in >the debt of the cup. The pivot point to me was 23.5. I entered a buy stop at >23.5. The stock was featured in IBD New America section although the company >is based in Isreal. The company is in the TELCOM/SVCS group. They provide >educational services. I purchased the stock prior to the IBD artical. I've >noticed in the past that stocks shoot up when they appear in "New America". >They then retreat and then sometimes they move forward. The new part of >CANSLIM is the fact that they aqquired another company that provides teaching >services. > >The stock when up to 29 and is retreating almost to the pivot point. The >difference between GICOF and FORR is that GICOF is retreating on high volume. >The average volume for GICOF is 87,000. The last trade day it retreated on a >volume of 176,000. >FORR has an average volume of 54,600. It's most recent volume is 5,400. > >My question is this. Should I have bailed out of these stocks when they >advanced 20%? Should I hang in? > >Steve Kutney > >- > > > - - ------------------------------ End of canslim-digest V2 #778 ***************************** 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.