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


To: ST Trader who wrote (4989)7/20/1999 3:17:00 PM
From: Carl Worth  Respond to of 6445
 
Scott-

I still have my stop at 14.25 (~7%) as long as there is no pullback on high volume or anything else to make me move it up. If the Dow moves below 11000, especially if it is on follow through in the next few days, I would tighten my stops and probably lighten up my positions as well. For INTV to be flat today with the market this bad is a pretty good sign. Also, earnings are due in a few days from what I remember and we might get a run into that if the market calms down. If that happens, I would probably sell into the run because of the recent lack of follow through on stocks with good earnings.

One factor I forgot to mention earlier: Ralph Acompora (sp?) got really bullish a couple of weeks ago, that can't be good! :)

Carl