Seventeen attended the meeting including three new members (George Tucci, Jeff Chang, and Carl Zhu). Join me in again welcoming them to the group. There were 12 contributions totaling $101.00, bringing our cash on hand to $109.00. That will allow me to reserve L107 for our January 2009 meeting. Now about the meeting. The market had taken a beating the day of the meeting (Dow down 514) so that even though only one of the three major indexes undercut their recent lows, IBD's "The Big Picture/Market Pulse/Current Outlook" for the Thursday edition would be "Market in correction." So much for the October "10th " Day 1" of a rally attempt and the October 16th " Day 5" "Follow-through day.
Besides looking at the day's "Market Wrap" and "Daily Stock Analysis" at IBD's website, we looked at a number of stock charts requested by the attendees. None were worth adding to watch lists. However, in the course of looking at those charts, there were informative discussions of IBD'sCANSLIM principles and technical analysis patterns.
There was also discussion of our blog (cfibd.blogspot.com) and its infrequent use by group members. In another attempt to encourage more frequent use of the blog, I have added several new "posts" that will amplify subjects discussed at the meeting. Please go there and read the posts. No login is required to do that but one of the posts gives instructions for registering (required for adding posts of your own). I will be posting this recap there.
The next meeting of the Wilmington IBD Meetup Group will be on December 3, 2008 (First Wednesday), and I will send a reminder before then.
Your Organizer,BobRobert B Brownfield201 Yorkshire LaneWilmington, NC 28409brownfieldr@gmail.com(910) 799-7887 or (910) 470-2724 (Cell)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment