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


To: ST Trader who wrote (4169)1/19/1999 3:36:00 PM
From: Bruce A. Brotnov  Respond to of 6445
 
Scott, APCO dropped 3 points but 2 of those are already regained as it went from a slight minus to a slight plus for 99. (This factor is a little volitle for the first few weeks of the year). It is stuck for the moment at resistance at 12 3/8 but it has a good chance of breaking through it. If I owned right now, I would probably be holding for earnings too (2/4 est .10), but they probably need to beat the estimate to keep up their price gains.

TTWO is a fine example (8 rating) of a stock that hit 9 day moving average today (10 3/4) and bounced off it and now around 11 1/4 last look. The 9 DMA is a good buy point for highly desirable stocks that take a brief pull back. It had got ahead of itself and had to wait for the 9 DMA to catch up.
ROMT dropped to 2 1/4 and maybe some readers picked up some this morning after the nice release of .09 earnings. (oops, not a CANSLIM)

Bruce



To: ST Trader who wrote (4169)1/19/1999 5:32:00 PM
From: Bruce A. Brotnov  Read Replies (3) | Respond to of 6445
 
Scott, nice day for your APCO. My models have reversed performance. At the end of the year the $1M model with some big caps and larger stocks finished strong and the $10k model weak. Now it is totally reversed with $1M model up but 8%, $100K model up 13% and $10k model up 22% for the first 10 days of trading in 99. My CANSLIM stocks are in the $1M and none in the $10K model. The $100k model has SALT and TTWO and that is all.
Today was the first trade in the $10k investment model this year (trimmed some GTNR and added ROMT).
Russell 2000 was up 3 points or so and that is favorable to the small/micro caps. MSFT earnings should push Nasdaq to new highs again tomorrow.
Bruce