CANSLIM - COAST TO COAST Message Board

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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: John Chapman who wrote (5470)	11/1/1999 10:14:00 AM
From: Jeff Mulder	Read Replies (1) of 6445

John, NITE sure has started the day well. Looks like you were right. The point of my post was that anticipated short covering is a very risky reason to buy a stock. (Certainly more risk than I'm willing to take on a position.) In addition, NITE belongs to an industry group that hasn't been doing very well lately. NITE isn't a "right" buy for me, and I don't think it's a "right" buy for someone following a CANSLIM discipline. What matters, though, is that you're comfortable with the position, and you follow your trading plan. Hope you rake it in on the trade. - Jeff

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