Group action plays a very important role, and experienced investors learn that they can increase their odds of picking a great winner by always focusing their buying efforts in the market's leading groups.  The "L" criteria in CAN SLIM(TM) tells us to choose leading companies in leading industry groups, thus it is suggested that investors choose from the top quartile of the 197 Industry Groups (listed in the paper most days on page B4).

Amcol International Corp (ACO) is a high-ranked leader in the Metal Ores group that was just featured in the April 13th, 2006 CANSLIM.net Mid-Day BreakOuts Report at $29.56 as it was breaking out (read here). It has quickly risen beyond the pivot point provided in that report by more than 5%, thus it is no longer buyable within the proper guidelines for entering new positions.  Chasing stocks and buying them extended increases your chances of having to sell on a normal pullback.