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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Rita who wrote (5797)12/28/1999 11:36:00 AM
From: Bruce A. Brotnov  Read Replies (2) of 6445
 
Rita, from what I understand, FORTY is a group holding much like CMGI except instead of internets they have holdings in software stocks and MGIC in particular. If the software stocks go up, they can go up and if they correct it goes down.

It pulled back to $40 and change and I bought it for the model last week at $40. If we go into a correction I'm not sure I want to be holding it, but as long as the Nasdaq stays strong, it should do well. It reported .78 last earnings release (18 Nov)and I have it with a strong rating of 8.

Hope this helps, it is fairly recent addition to database, so I don't have a lot of history on it.

Bruce
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