Author: Mike Scott Date: To: 'CANSLIM Stock Investment Group' Subject: [CANSLIM] MA
Yesterday I was asked if I was buying in this market. I said no.
This morning I bought MA.
The volume was so convincing on MA that I went for it.
I am long MA, V, SOHU and short BEAV. I sold SKF this morning; the market is
acting too much like it is ready to rally.
Yesterday I also said that we were in day three of a possible rally, today
is really day three. As such some of the volume in MA could be short
covering. At last report there were 3.9 days of shorts in MA. This
represents over 11M shares. Some of those shorts must have joined into this
morning's buying.