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

To: mr_blonde who wrote (6062)	1/12/2001 9:28:24 AM
From: Bruce A. Brotnov	Respond to of 6445

Mr. Blonde, I must admit I would have been much better off staying out of the market since 1 April, but the market is cyclical and the M is often bad before you realize you are in a down trend. If it was so obvious the Mutual Fund managers wouldn't have had such a bad year either. However, long term holders would have done just that for the most part unless fundamentals had changed but for many of us we just can't sit on the sidelines and watch, but are constantly tweaking. However, when one does hold fully invested, you never miss the bottom as your stocks are already there. Bruce

To: mr_blonde who wrote (6062)	1/12/2001 3:29:00 PM
From: Doug Robinson	Respond to 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.