CANSLIM - COAST TO COAST Message Board

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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: mr_blonde who wrote (6062)	1/12/2001 3:29:00 PM
From: Doug Robinson	of 6445

While it's true that the market in general has been bad, the major "bear" has pertained to technology type stocks. In reviewing the Dow and S&P, you will find that neither experienced the "bear" situation. That being the case, a user of O'Neil wouldn't necessarily stay out of the market on the long side. A review of many issues outside of the tech area would have allowed you to enter stocks that met his criteria. Take a look at the home builders, pharmaceuticals and gas/oil companies that were engaged in many different areas. All had good entries with excellent results. You mention utilities and you can find numerous stocks you could have entered. Three that I found worked were DUK($62), AES(70) and PPL(30). Entries at the prices mentioned provided excellent profits, as did many other non-tech stocks. Of course, many didn't work. They rapidly crashed back into the buy points. By closely observing their action you can exit before the 7-8% loss. You can always re-enter if you feel the "crash" was only a one or two day phenomena. BTW, with O'Neil's methodology, the action of the stocks that meet his buying criteria will provide strong evidence as to what the market and it's representative sectors will do.

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