New September Class Notes

PLEASE IGNORE THE PREVIOUS "RECAP." Somehow it got sent before I was finished.Here's a recap of our September 25th meeting.Please acknowledge receipt of this message signifying that you have seen and read it.
Eight attended the meeting including Steve Jacobs a past Organizer andCharter member returning after a very long absence. Join me in welcoming Steve back. There were 5 contributions totaling $35.00, bringing our cash onhand to $208.00. I have used $200 of that balance to reserve L107 for thefollowing dates: October 22nd ((Fourth Wednesday) and December 3rd (firstWednesday). This last date is somewhat unusual because the fourth Wednesdayis Thanksgiving eve and we usually do not meet in December.We arrived at our usual L107 only to find it occupied with a very large GEDgroup. After some frantic phone calls, we were relocated to a room (L202)in the 2nd floor library that turned out to be even better than L107. Theroom was smaller with 24 desks each with an internet accessible computer andflat screen monitor. Several in attendance commented that the projectedcharts were easier to see because all were closer to the projection screen.For next year I will look into using the room instead of L107. There is onecaveat that I would like everyone to consider. Since the library closes at 9:00 PM sharp, we would need to begin our exit about 8:45 PM. Perhaps we could begin our meeting at 6:30 PM instead of 7:00 PM so as to get in a full two hours. Think about it.Now about the meeting. The meeting day was a "Follow-Through" day, day 6 of a rally attempt that began on September 18th. Little did we know how badlythe rally would fail in the days since then.At the request of David Pyle (not present) there was some discussion of UNG,the natural gas ETF, until Kent Tomaselli "encouraged" us to return to CANSLIM principles. At that point we looked at several stocks offered by those in attendance, including several from Kent's watch list, all inanticipation a continued rally AND a possible "POP" from the pending"bailout" legislation: WFC, CLNE, WBSN, IDXX, CCC, CVD, and AGNC.The next meeting of the Wilmington IBD Meetup Group will be on October 22,2008 (Fourth Wednesday), and I will send a reminder before then.Your Organizer,Bob
Robert B Brownfield201 Yorkshire LaneWilmington, NC 28409rbrownfield1@ec.rr.com(910) 799-7887 or (910) 470-2724 (Cell)