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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?


To: Carl Worth who wrote (4983)7/19/1999 3:09:00 PM
From: Bruce A. Brotnov  Respond to of 6445
 
Carl, before I retired in 97, I had said several times that I didn't want to get "computer locked" to watching the market. I designed Poormans years ago for the working person (me) so I didn't have to watch every 10 minutes and in fact have seldom traded stocks that weren't held a minimum of 2 weeks and more like 2-4 months on average. After retiring and having the ability to watch constantly, I still don't like the momentum route that locks one to the computer. Although I see where one may play day trading only where one trades on a decent market day and finishes in cash - but I am still an investor at heart. I have made but one trade in 6 weeks in the $100k model and it is doing ok up 50% since 1 April 1999. After this round of earnings I may do a little fine tuning.

I was trying to find something to sell today to buy some VOX at 13 3/4 but I don't have anything I want to give up yet. The DOW has a nice triple bottom (10,400) and now working on a handle; question is, will it pop up or down - should know in a few days.

Keep an eye on TRIBY and AMBI.

Bruce



To: Carl Worth who wrote (4983)7/20/1999 12:43:00 PM
From: Bruce A. Brotnov  Read Replies (1) | Respond to of 6445
 
Carl,nice day for GTNR but market under selling pressure from profit taking. I liked the earnings for RUSH as they reported .57 yesterday and estimate was only .40. It should be a good long term winner.

I'd really like to see us hold the 11,080 level as we would still have our "handle bar" still in tact and available for a pop towards 11,500; otherwise, look out below.

Bruce



To: Carl Worth who wrote (4983)7/20/1999 5:36:00 PM
From: Walk Softly  Read Replies (2) | Respond to of 6445
 
Carl... IFLO was an old fav of mine until I took a dislike to the CEO printing stock to pay himself and cronies... I really wonder if they'll ever break 5... don't know if they'll ever get the message... other old favs MLG PLMD.... check their reports.... MLG sure has been out of favor.... I have a feeling PLMD may continue this move for awhile.... TGX may start rolling here also....
Was lucky to have bought KERA at yesterdays lows..... had too sell early this AM..... this correction should set the stage for NASD 3,000, DJI 11,600... in the next several weeks 'er so.....

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