July 20, 2009 · 7:00 PM
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We are a group if individual investors interested in sharing ideas with IBD's CANSLIM principles in mind. Interested investors are welcome to join with us.
At the June meeting, it was suggested we look at CUP AND HANDLE chart formations as a valuable tool in looking for stocks to buy. In the 6/22 IBD list of top 100 stocks, Marty found the following candidates for cup and handle formations: EBIX, VRX, CMG, SWN, MFE, NPK, IRM, TKLC, TECD, IBN, CACC. This list may change as weeks go by so bring the Monday IBD the day of the meeting for review. We wil discuss the characteristics of the cup and handle and have a picture handout. We suggest everyone take a look for candidates including your favorites and bring ONE to the meeting for discussion.
We will start the meeting reviewing the current market status and the leading market industry groups...both very important for selecting winning stocks.
Some of us meet early at about 6:15 for a little dinner before the meeting. This is a good chance for getting acquainted with new members and informal discussion. Everybody is welcome.