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Ken's Mailbag Q&A 5/25/11 - Lack of actionable ideas
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
CANSLIM.net


Subscriber Questions:

May 24, 2011

Dear Ken,

I just signed up today as a premium member, and used to be a member earlier too. I am a little concerned that there is only one Featured stock in the Featured stock list with a Y LULU. Are you planning to add more stocks to the list and in what timeframe?  I have been a fan of your Featured stock list and I only signed up again for this list. Please let me know.  Thanks. Hilario

 
Ken's Response:

 May 25, 2011

Dear Hilario,

Welcome back!  I looked into your membership history with CANSLIM.net and it seems that after your upgraded membership expired on 11/4/2010 you let nearly 6 months pass. We are very pleased that you chose to reactive your upgraded membership. Indeed, we expect that in the year ahead there will be many opportunities for you to benefit greatly from our service.
 
If you take time to scroll down through the dynamic archives of this year's mid-day and after market reports
(http://premium.canslim.net/Archives/2011/default.asp) these are some of the symbols of stocks that were highlighted in yellow earlier this year that you might not have read about.
 
 
OPEN at $74.05 1/05/11 subsequently traded as high as $118.66
PCLN at $427.20 1/05/11 subsequently traded as high as $561.88
ULTA at $36.32 on 1/06/11 subsequently traded as high as $56.87
TIBX at $24.35 on 2/01/11 subsequently traded as high as $30.75
LULU at $76.84 on 2/04/11 subsequently traded as high as $102.83
MG at $15.48 on 3/15/11 subsequently traded as high as $18.46
 
Other new or returning stocks which were highlighted in yellow this year included HS, RAX, ARUN, ORCL, UA, CRUS, BIDU, CMG, DECK, EBIX, JOBS, EZPW, AIXG, OPNT.  In particular, GSIT and CTCT are two issues that were highlighted in yellow this year which can serve as examples of exactly why having a strict discipline of limiting losses at 7-8% is crucial to your success. 

I understand that you are looking for actionable ideas under the fact-based system. If you simply looked at the Featured Stocks page for stocks currently highlighted in yellow, however, you might easily overlook some very important details concerning the market environment (M criteria) which have been covered in detail in the daily After Market Updates.  Also, in the monthly newsletter, CANSLIM.net News May 2011 issue we included a comprehensive market commentary under the headline "Rally Continues; Worthy Targets Recently More Elusive".  There was also an Editor's Letter under the headline "Read This, And Stay Out Of The Pool!".     http://premium.canslim.net/Premium/cnn.aspx?D=050111 Since this was published, market conditions have only deteriorated.
 
One of the key concerns we have repeated in recent commentaries has been the poor performance in the financial groups ($XBD Broker/Dealer Index, and $BKX Bank Index) frequently highlighted in the Industry Group Watch section.  They are considered reliable "leading indicators" and, as an example, our longtime members saw us call attention in the past as they both topped out and started getting into technical trouble earlier in 2007, well before the major averages topped out in October 2007 and then entered a Bear Market. 
 
I am not saying that we are heading into another bear market now, but until the financials start acting better, history suggests that the major averages are prone to more severe downdrafts. Without an expansion in leadership (stocks making new 52-week highs) it is also difficult or impossible for the market to make a sustained advance.  This is why the Market Commentary we publish each day emphasizes the number of high-ranked Leaders List stocks hitting new 52-week highs - to identify if there is a healthy crop of strong leaders or not!
 
When I was in the Certification program in May 2005 the market was in a correction after having enjoyed a better than 2-year rally from the March 2003 lows. The expert trainers said at the time, "The next confirmed rally with a follow-through day could always be just 4 days away."

Best regards,

Kenneth J. Gruneisen
Founder & Contributing Writer for CANSLIM.net
www.canslim.net

About 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.

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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.

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