Ken's Mailbag Q&A 3/31/11 - What is Suggested by Featured Stocks Page?
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
March 22, 2011
I'm trying to interpret the Featured Stocks spreadsheet. The suggested purchase price, is that the featured price, or the pivot price? The Max Buy price, I take to mean don't chase the stock. Please contact me. Mr. R. in Los Angeles
March 23, 2011
Dear Mr. R. in Los Angeles:
Thanks for asking a great question allowing me to provide more detailed comments on the Featured Stocks list.
To clarify any confusion about the Featured Stocks page http://premium.canslim.net/FeaturedStocks/featured.asp (or spreadsheet, if you downloaded it), the Featured Price you see listed is directly associated with the Featured Date on any stock currently listed on the Featured Stocks Page. Links provided on the website allow you to review all prior notes and featured articles with annotated graphs on each stock's Company Profile page. Whenever Pivot Points were noted, they also directly associated with the Featured Date and Featured Price at the time of the note. Whenever a new Pivot Point is cited for a previously featured stock, a new Featured Date and Featured Price are associated with that new Pivot Point published in the reports from that time forward.
The Company Profile page for any stock gives you a concise review of the prior coverage. Understand that the summary of historic notes and more detailed write-ups you will find there is comprised mostly of notes or analysis that appeared in either a previous Mid-day Breakouts Report, or an earlier After Market Update. Those reports are included with your upgraded membership, and it is highly recommended that members review both reports in their entirety each day. We send notification emails immediately as these reports are published and made available on the secure website for those with access. All prior reports are available for review via the Premium Membership Homepage http://premium.canslim.net/canslimnewservicehome.asp
On occasion, new notes may be added to an already featured stock and the new note may state that a new Pivot Point has been cited. Indeed, if you check the After Market Update we published on the evening of such a note you should see that the Featured Date, Featured Price, and Pivot Point are new, whereas earlier After Market Updates we published cited the prior Featured Date, Featured Price, and Pivot Point.
Since you did not ask about a specific stock, I cannot tell you if it had or had not yet traded above its Pivot Point with volume conviction and triggered a technical buy signal or not when it was previously "Featured" in the prior reports. In some cases the stocks are identified before a breakout, and in some cases they are identified after a breakout yet still within buyable guidelines.
I cannot suggest you buy any amount of anything, however, because I know nothing of your risk tolerance and what is suitable for you. Please note that to keep the legal folks happy our reports include the following disclaimer - "THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. CANSLIM.net is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only." Please review our site's terms and conditions page for additional information - http://www.canslim.net/termsandconditions.asp
I will gladly help if you need anything else clarified. I attempted to call you earlier but couldn't reach you. Hopefully the above is sufficient explanation to make sure you understand
Please let me know if there is any way I can be more helpful to you in your efforts.
Kenneth J. Gruneisen
Founder & Contributing Writer for CANSLIM.net
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net :
Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program. Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.
The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.