Kevin,
I useful yardstick is that the average leader in a bull market corrects 75%
in a bear market. They often have three down legs.
Most have not come close.
Mike Scott
Tarzana, CA
-----Original Message-----
From: canslim-bounces@???
[mailto:canslim-bounces@???]On Behalf Of Kevin Pickell
Sent: Sunday, February 03, 2008 7:31 PM
To: CANSLIM Stock Investment Group
Subject: Re: [CANSLIM] IBD just looking at IBD 100?
I would be careful shorting right now. Many leading stocks are well
liquidated. What is more, the market is not selling at a premium currently.
There are certain pockets that are expensve, but the broad markets are
fairly priced, if not down right cheap. I would in no way be long oil or
gold at present. I think the best strategy would be to sit tight and wait
for a bull signal. I just think that much of the pessimism is already priced
into the market.
On 2/4/08, Jim & Patsy Bicknell <jebdod@???> wrote:
Hi George,
Although I'm not in the same league as you and Mike Scott, I am a
Fidelity
Active Trader Pro user and have been for the last two years. I have
Wealthbuilder Pro and Options Trader Pro from Fidelity but do not use
those
software packages. I trade options frequently but do so through Active
Trader Pro. I also subscribe to IBD's Option Guide but haven't gotten
much
from it as yet.
Wealthbuilder is really an impressive software package and I'm surprised
that Fidelity doesn't promote it more than they do. I would really like
to
spend some time looking over the shoulder of someone that really
understood
the software.
I certainly appreciate being on the receiving list of your Emails. I've
appreciated the information you all share and I'm impressed with the
knowledge of investing that you possess.
Keep the Emails coming.
Regards,
Jim Bicknell
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Keep growing, Kevin L. Pickell
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