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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Doo who wrote (30932)9/25/2000 9:43:12 AM
From: Lynn Goodman  Read Replies (1) | Respond to of 42787
 
Jeff, I read the "M" the same way you do. But when I see a stock running strong despite the market trend, I will buy according to O'Neill's principles. Only 3 of every 4 stocks follow the market (his theory) and I don't short or trade options, so that's where it's at for me if I'm going to trade at all.

Regards, Lynn



To: Doo who wrote (30932)10/30/2000 7:16:42 PM
From: Lynn Goodman  Read Replies (1) | Respond to of 42787
 
Jeff, all through the past month, your response to an earlier post of mine has been running through my mind. I posted some optimistic ideas about short term investing in SEBL and BEAS based on William O'Neill's investment strategy. You asked me what I thought about the "M" in CANSLIM (translation, why the $^%#@$ would you invest long now, if you analyze the trend of the market?). I pretty much said that I was hellbent on investing right now, irrespective of current market conditions, and only 3 out of 4 stocks follow the market anyway, right?

Having invested (and lost some money) following my own inclinations, I am ready to acknowledge defeat. And to say thanks for helping me open my eyes to a lesson I hope I've learned.
Regards, Lynn