From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1479 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, June 12 2001 Volume 02 : Number 1479 In this issue: RE: [CANSLIM] Introduction-Bill Staton Re: [CANSLIM] ACLNF - I am curious if anyone has any pivot points in mind ... Re: [CANSLIM] Ask Bill O'Neil RE: LLUR (was Re: [CANSLIM] Test) [CANSLIM] CPRT Re: [CANSLIM] CPRT Re: [CANSLIM] Tom vs. WON Re: [CANSLIM] CPRT Re: [CANSLIM] Tom vs. WON RE: [CANSLIM] Ask Bill O'Neil ---------------------------------------------------------------------- Date: Tue, 12 Jun 2001 10:04:19 -0400 From: Ed McDonough Subject: RE: [CANSLIM] Introduction-Bill Staton Bill, Did you make your first million by trading stocks in the market or was it through your various business ventures? I think either is great but there is a clear distinction. Not to compare you to Charles Givens, but he made similar statements. Ed - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bill Staton Sent: Monday, June 11, 2001 7:53 PM To: canslim@xmission.com Subject: [CANSLIM] Introduction-Bill Staton Bill Staton, MBA, CFA Chairman, The Staton Institute, Inc. and Staton Financial Advisors LLC I'm quite happy to be among such vast knowledge and appreciate having a chance to introduce myself. I became a millionaire investor at age 31 and a multimillionaire by 35. I have a documented, 27-year track record of market-beating results, and teach others how to achieve the same. I've had the honor of being quoted in The Wall Street Journal, The New York Times, USA Today, The Washington Post, U.S. News & World Report and Kiplinger's Personal Finance. I have also been profiled in Money and BottomLine/Personal, among others. I am the author of several books - most recently The America's Finest Companies Investment Plan: Double Your Money Every Five Years (Hyperion, $13.95). I published the internationally circulated Staton's Investment Advisory from 1986-1999 and now publishes Bill Staton's E-Money Digest/Guided Portfolio Service at http://www.statoninstitute.com . As founder and chairman of The Staton Institute, Inc., I empower people to take charge of their personal finances through entertaining and easy-to-understand educational materials and Lifetime Riches seminars. I also provide personalized portfolio management for individuals and small businesses through Staton Financial Advisors LLC. And I have been told that I have a great sense of humor.. I look forward to sharing with you on this list.. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 07:11:03 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] ACLNF - I am curious if anyone has any pivot points in mind ... looks like the rest of the market is going down while this goes up? regards Kent Norman - --- Dick Wilkinson wrote: > It's interesting that yesterday's 3.5 point breakout > raised the RS in IBD from 61 to 81. So after the > ACLNF is extended, it appears in CANSLIM screen. > > Dick > > --- Tom Worley wrote: > > MessageThe ADV of 63,100 obviously will hold some > > investors and funds back. But looks to me like > today > > was the buy point when it blasted past 31.10 on 6X > > ADV for a new recent high. > > > > A 12% gain on heavy volume, on a down day like > this, > > must be respected. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: Ian > > To: canslim@lists.xmission.com > > Sent: Monday, June 11, 2001 10:38 AM > > Subject: [CANSLIM] ACLNF - I am curious if > anyone > > has any pivot points in mind ... > > > > > > Hi all: > > > > I have already established my position in ACLNF. > I > > am curious if anyone sees any pivot points in the > > chart that may trigger significant CANSLIM > interest > > among a large population of IBDers. > > > > Thanks, > > > > Ian > > > > > __________________________________________________ > Do You Yahoo!? > Get personalized email addresses from Yahoo! Mail - > only $35 > a year! http://personal.mail.yahoo.com/ > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Get personalized email addresses from Yahoo! Mail - only $35 a year! http://personal.mail.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 07:14:38 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] Ask Bill O'Neil They were using KKD as an example of a breakout, not CANSLIM Kent Norman - --- "Dempsey, Chris" wrote: > I hadn't looked at this list since Thursday and had > over 200 messages. I > didn't see one referring to the Sunday ask Bill > O'Neil question. This is a > question that everyone here needs to read. I have > seen many messages posted > here contradicting his answer. > > Has anyone had any questions answered here? I've > submitted three and haven't > seen one answered yet. > > Here it is for those who missed it. > > Sunday, June 10, 2001 > > "If a stock has a Relative Price Strength Rating of > 85 or better but it's > more than 15% off its previous high, can it still > have a quality breakout? " > > - Submitted from Bay City, Mich. > > The quality of a breakout is mainly determined by > its base and how much > volume there is on the breakout. Of course, the > closer a stock is to its old > high, the less overhead resistance it has to contend > against. But it is > possible for a stock to have a good breakout if it > is more than 15% off its > previous high. Krispy Kreme Doughnuts, for example, > broke out from a pivot > point 17% off its previous high. > __________________________________________________ Do You Yahoo!? Get personalized email addresses from Yahoo! Mail - only $35 a year! http://personal.mail.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 07:59:19 -0700 From: "DiFabio, Nancy" Subject: RE: LLUR (was Re: [CANSLIM] Test) This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0F350.366E37A0 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 7bit Thanks. Tom. I like quiet. Nancy - -----Original Message----- From: Tom Worley [mailto:stkguru@netside.net] Sent: Monday, June 11, 2001 6:12 PM To: canslim@lists.xmission.com Subject: LLUR (was Re: [CANSLIM] Test) Aw, Nancy, don't be afraid of the archives, they are a nice place to quietly browse, at least if you have a high speed PC and connection. What I refer to as LLUR (Lower Left Upper Right) is simply a chart pattern that starts at the lower left and steadily progresses to the upper right. It should show very limited volatility preferably. It is not CANSLIM, at least I have never seen WON refer to it. The key is recognizing that this consistent slope represents a steady base when viewed with your head tilted about 45 degrees to the left. Rarely does this kind of pattern actually form a normal, horizontal, base of more than a week or do. The risk is that there is no true, traditional, support base formed, thus if the pattern begins to change (up or down), you should be ready to exit quickly. Ideally, the pattern should have been present and consistent over a 12 month period. The entry point is obviously along the bottom of the trading range. The best way to find that is to play with the various moving averages until you find a time sequence that matches the lower side of the chart. When the stock reaches that line, you put it on your hot list and watch for the beginning of a move up on volume. You can either exit when the stock reaches the high side of the trading range, then buy back at the moving day average. Or just hold on and trust that the pattern will continue to repeat itself, constantly making higher lows and higher highs. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: DiFabio, Nancy To: 'canslim@lists.xmission.com' Sent: Monday, June 11, 2001 8:55 PM Subject: RE: [CANSLIM] Test Hi, Tom. Please explain LLUR? Please don't send me to the archives. Nancy - -----Original Message----- From: Tom Worley [ mailto:stkguru@netside.net ] Sent: Monday, June 11, 2001 5:49 PM To: CANSLIM Subject: [CANSLIM] Test Is everyone really this quiet tonight, or am I just not getting the email? Tom Worley stkguru@netside.net AIM: TexWorley ============================================================================ == "WorldSecure " made the following annotations on 06/12/01 07:58:08 - ------------------------------------------------------------------------------ PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you. ============================================================================== - ------_=_NextPart_001_01C0F350.366E37A0 Content-Type: text/html; charset=iso-8859-1 Content-Transfer-Encoding: 7bit
Thanks. Tom. 
I like quiet.
Nancy
-----Original Message-----
From: Tom Worley [mailto:stkguru@netside.net]
Sent: Monday, June 11, 2001 6:12 PM
To: canslim@lists.xmission.com
Subject: LLUR (was Re: [CANSLIM] Test)

Aw, Nancy, don't be afraid of the archives, they are a nice place to quietly browse, at least if you have a high speed PC and connection.
 
What I refer to as LLUR (Lower Left Upper Right) is simply a chart pattern that starts at the lower left and steadily progresses to the upper right. It should show very limited volatility preferably. It is not CANSLIM, at least I have never seen WON refer to it.
 
The key is recognizing that this consistent slope represents a steady base when viewed with your head tilted about 45 degrees to the left. Rarely does this kind of pattern actually form a normal, horizontal, base of more than a week or do.
 
The risk is that there is no true, traditional, support base formed, thus if the pattern begins to change (up or down), you should be ready to exit quickly.
 
Ideally, the pattern should have been present and consistent over a 12 month period.
 
The entry point is obviously along the bottom of the trading range. The best way to find that is to play with the various moving averages until you find a time sequence that matches the lower side of the chart.  When the stock reaches that line, you put it on your hot list and watch for the beginning of a move up on volume.
 
You can either exit when the stock reaches the high side of the trading range, then buy back at the moving day average. Or just hold on and trust that the pattern will continue to repeat itself, constantly making higher lows and higher highs.
 
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----
Sent: Monday, June 11, 2001 8:55 PM
Subject: RE: [CANSLIM] Test

Hi, Tom. 
Please explain LLUR?
Please don't send me to the archives.
Nancy
-----Original Message-----
From: Tom Worley [mailto:stkguru@netside.net]
Sent: Monday, June 11, 2001 5:49 PM
To: CANSLIM
Subject: [CANSLIM] Test

Is everyone really this quiet tonight, or am I just not getting the email?
 
Tom Worley
stkguru@netside.net
AIM: TexWorley

==============================================================================

"WorldSecure <irell.com>" made the following
annotations on 06/12/01 07:58:08
- ------------------------------------------------------------------------------
PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you.


==============================================================================

- ------_=_NextPart_001_01C0F350.366E37A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 11:26:56 -0400 From: "Hotmail-Canslim" Subject: [CANSLIM] CPRT This is a multi-part message in MIME format. - ------=_NextPart_000_0057_01C0F332.967F1880 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable CPRT certainly re-entered it's base with a vengence. SL ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Monday, June 11, 2001 9:38 PM Subject: Re: [CANSLIM] Test ... silent night I am staring at ACLNF, CLKB, DFXI, MNTG, TKCI, RMCI, OPTN, SCVL, IPAR, = CPRT, UCOR, TTIL ... thinking the NASDAQ went up 400 points. Most green = I've seen in my accounts/watch list in eons. Go figure?????? Ian ----- Original Message -----=20 From: Norman=20 To: canslim@lists.xmission.com=20 Sent: Monday, June 11, 2001 6:01 PM Subject: Re: [CANSLIM] Test ... silent night I think the M has subdued everyone. =20 Of the 20 or stocks on my Monday watch list only about 8 were = positive today and none tickled my fancy enough to buck the M. = Unfortunately ACLNF was not on my list. And fortunately my lone = holding, EASI, was up slightly today. norm ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Monday, June 11, 2001 7:49 PM Subject: [CANSLIM] Test Is everyone really this quiet tonight, or am I just not getting = the email? Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0057_01C0F332.967F1880 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
CPRT certainly re-entered it's base with a=20 vengence.
 
SL
----- Original Message -----
From:=20 Ian =
To: canslim@lists.xmission.com =
Sent: Monday, June 11, 2001 = 9:38 PM
Subject: Re: [CANSLIM] Test ... = silent=20 night

I am staring at ACLNF, CLKB, DFXI, MNTG, TKCI, = RMCI, OPTN,=20 SCVL, IPAR, CPRT, UCOR, TTIL ... thinking the NASDAQ went up 400 = points. Most=20 green I've seen in my accounts/watch list in eons. Go=20 figure??????
 
Ian
 
----- Original Message -----
From:=20 Norman
To: canslim@lists.xmission.com =
Sent: Monday, June 11, 2001 = 6:01=20 PM
Subject: Re: [CANSLIM] Test = ... silent=20 night

I think the M has subdued everyone. 
 
Of the 20 or stocks on my Monday watch list only about 8 were = positive=20 today and none tickled my fancy enough to buck the M.  = Unfortunately=20 ACLNF was not on my list.  And fortunately my lone holding, = EASI, was=20 up slightly today.
 
norm
----- Original Message ----- =
From:=20 Tom=20 Worley
To: CANSLIM=20
Sent: Monday, June 11, 2001 = 7:49=20 PM
Subject: [CANSLIM] = Test

Is everyone really this quiet tonight, or am I = just not=20 getting the email?
 
Tom Worley
stkguru@netside.net
AIM:=20 = TexWorley
<= /HTML> - ------=_NextPart_000_0057_01C0F332.967F1880-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 08:40:16 -0700 From: Tim Fisher Subject: Re: [CANSLIM] CPRT Vengeanced me right out. TARO sure looks intriguing today. I'm too chicken to buy back in just yet, so I will probably let it pass me by... On 08:26 AM 6/12/01, Hotmail-Canslim Said: >CPRT certainly re-entered it's base with a vengence. > >SL >>----- Original Message ----- >>From: Ian >>To: canslim@lists.xmission.com >>Sent: Monday, June 11, 2001 9:38 PM >>Subject: Re: [CANSLIM] Test ... silent night >> >>I am staring at ACLNF, CLKB, DFXI, MNTG, TKCI, RMCI, OPTN, SCVL, IPAR, >>CPRT, UCOR, TTIL ... thinking the NASDAQ went up 400 points. Most green >>I've seen in my accounts/watch list in eons. Go figure?????? >> >>Ian >> >>>----- Original Message ----- >>>From: Norman >>>To: canslim@lists.xmission.com >>>Sent: Monday, June 11, 2001 6:01 PM >>>Subject: Re: [CANSLIM] Test ... silent night >>> >>>I think the M has subdued everyone. >>> >>>Of the 20 or stocks on my Monday watch list only about 8 were positive >>>today and none tickled my fancy enough to buck the M. Unfortunately >>>ACLNF was not on my list. And fortunately my lone holding, EASI, was up >>>slightly today. >>> >>>norm >>>>----- Original Message ----- >>>>From: Tom Worley >>>>To: CANSLIM >>>>Sent: Monday, June 11, 2001 7:49 PM >>>>Subject: [CANSLIM] Test >>>> >>>>Is everyone really this quiet tonight, or am I just not getting the email? >>>> >>>>Tom Worley >>>>stkguru@netside.net >>>>AIM: TexWorley Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 10:47:48 -0500 From: "David Squires" Subject: Re: [CANSLIM] Tom vs. WON Tim, Your statement may be true but let's be practical. It is a rare person that can trade ANY system that has a winning % of 30% or less. The mental abuse of a high % of losers causes the trader to stop using the system long before the big winner comes that bails out the losers. I'm sorry the statement is ridiculous. DSquires - ----- Original Message ----- From: "Tim Fisher" To: Sent: Tuesday, June 12, 2001 7:56 AM Subject: RE: [CANSLIM] Tom vs. WON > Do the math. Tom said 20-30% success is expected. WON said 25% success is > expected. Neither is contradicting the other. > > At 07:25 AM 6/12/2001 -0500, you wrote: > >With CANSLIM, you can only expect to be right about 2 or 3 times out of 10. > > > >You can't be serious Tom, are you? > > > >I believe you could have a streak like this but not overall result. If I > >remember right in WON's book HTMMIS he says, something like, even with > >three bad out of four you will still be ok. Over the past many years he > >has seemed to change from 7% or 7-8% to 8% > >-----Original Message----- > >From: Tom Worley [mailto:stkguru@netside.net] > >Sent: Thursday, June 07, 2001 10:29 PM > >To: canslim@lists.xmission.com > >Subject: Re: [CANSLIM] 7-8% stops - edited for brevity > > > >Hi Norman, > > > >Be careful about abandoning the 7-8% stop loss rule, it is valid and time > >tested. When WON first started building all his rules, he used 10%, and > >found that he was losing too much money when he was wrong. Eventually, he > >ended up at 8%. But he also says that you should not average an 8% loss > >when you are wrong, you should be exiting some of them even before your > >stop is hit. So your average should be more like 5 or 6% when you are wrong. > > > >If you are finding that an 8% stop loss on your entry is stopping you out > >too often on stocks that subsequently take off from just below your stop > >price, then you need to work on your entry, not expand your stop loss > >percentage. > > > >With CANSLIM, you can only expect to be right about 2 or 3 times out of > >10. So long as you keep your losses tight when you are wrong, then the > >ones that work will still give you net profits. But if you start taking > >10% or so losses consistently, then the few that work have too much loss > >to overcome unless you hit a major winner. > > > >And in my opinion, if you get a major winner more than once or twice out > >of a hundred, you're either very good or very lucky (and I define a major > >winner as one that goes up several hundred percent before you sell). > > > >Tom Worley > >stkguru@netside.net > >AIM: TexWorley > > > > Tim Fisher > Ore-ROCK-On Rockhounding Web Site > Pacific Fishery Biologists Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 12:26:12 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] CPRT Smart move not buying today, at least so far. Markets burning earnings reports. DanF - ----- Original Message ----- From: "Tim Fisher" To: Sent: Tuesday, June 12, 2001 11:40 AM Subject: Re: [CANSLIM] CPRT > Vengeanced me right out. TARO sure looks intriguing today. I'm too chicken > to buy back in just yet, so I will probably let it pass me by... > > On 08:26 AM 6/12/01, Hotmail-Canslim Said: > >CPRT certainly re-entered it's base with a vengence. > > > >SL > >>----- Original Message ----- > >>From: Ian > >>To: canslim@lists.xmission.com > >>Sent: Monday, June 11, 2001 9:38 PM > >>Subject: Re: [CANSLIM] Test ... silent night > >> > >>I am staring at ACLNF, CLKB, DFXI, MNTG, TKCI, RMCI, OPTN, SCVL, IPAR, > >>CPRT, UCOR, TTIL ... thinking the NASDAQ went up 400 points. Most green > >>I've seen in my accounts/watch list in eons. Go figure?????? > >> > >>Ian > >> > >>>----- Original Message ----- > >>>From: Norman > >>>To: canslim@lists.xmission.com > >>>Sent: Monday, June 11, 2001 6:01 PM > >>>Subject: Re: [CANSLIM] Test ... silent night > >>> > >>>I think the M has subdued everyone. > >>> > >>>Of the 20 or stocks on my Monday watch list only about 8 were positive > >>>today and none tickled my fancy enough to buck the M. Unfortunately > >>>ACLNF was not on my list. And fortunately my lone holding, EASI, was up > >>>slightly today. > >>> > >>>norm > >>>>----- Original Message ----- > >>>>From: Tom Worley > >>>>To: CANSLIM > >>>>Sent: Monday, June 11, 2001 7:49 PM > >>>>Subject: [CANSLIM] Test > >>>> > >>>>Is everyone really this quiet tonight, or am I just not getting the email? > >>>> > >>>>Tom Worley > >>>>stkguru@netside.net > >>>>AIM: TexWorley > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 12:34:39 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] Tom vs. WON Maybe that's why we have to be disciplined. WON's theory I believe is based upon a *bull M* My personal % of winning stocks is higher because I take smaller profits than suggested, after learning a lesson about this particular market. Luckily I have the opportunity to be in front of my pc during trading hours. I do play golf at 5:30AM :) DanF - ----- Original Message ----- From: "David Squires" To: Sent: Tuesday, June 12, 2001 11:47 AM Subject: Re: [CANSLIM] Tom vs. WON > Tim, > > Your statement may be true but let's be practical. It is a rare person that > can trade ANY system that has a winning % of 30% or less. The mental abuse > of a high % of losers causes the trader to stop using the system long before > the big winner comes that bails out the losers. I'm sorry the statement is > ridiculous. > > DSquires > > ----- Original Message ----- > From: "Tim Fisher" > To: > Sent: Tuesday, June 12, 2001 7:56 AM > Subject: RE: [CANSLIM] Tom vs. WON > > > > Do the math. Tom said 20-30% success is expected. WON said 25% success is > > expected. Neither is contradicting the other. > > > > At 07:25 AM 6/12/2001 -0500, you wrote: > > >With CANSLIM, you can only expect to be right about 2 or 3 times out of > 10. > > > > > >You can't be serious Tom, are you? > > > > > >I believe you could have a streak like this but not overall result. If I > > >remember right in WON's book HTMMIS he says, something like, even with > > >three bad out of four you will still be ok. Over the past many years he > > >has seemed to change from 7% or 7-8% to 8% > > >-----Original Message----- > > >From: Tom Worley [mailto:stkguru@netside.net] > > >Sent: Thursday, June 07, 2001 10:29 PM > > >To: canslim@lists.xmission.com > > >Subject: Re: [CANSLIM] 7-8% stops - edited for brevity > > > > > >Hi Norman, > > > > > >Be careful about abandoning the 7-8% stop loss rule, it is valid and time > > >tested. When WON first started building all his rules, he used 10%, and > > >found that he was losing too much money when he was wrong. Eventually, he > > >ended up at 8%. But he also says that you should not average an 8% loss > > >when you are wrong, you should be exiting some of them even before your > > >stop is hit. So your average should be more like 5 or 6% when you are > wrong. > > > > > >If you are finding that an 8% stop loss on your entry is stopping you out > > >too often on stocks that subsequently take off from just below your stop > > >price, then you need to work on your entry, not expand your stop loss > > >percentage. > > > > > >With CANSLIM, you can only expect to be right about 2 or 3 times out of > > >10. So long as you keep your losses tight when you are wrong, then the > > >ones that work will still give you net profits. But if you start taking > > >10% or so losses consistently, then the few that work have too much loss > > >to overcome unless you hit a major winner. > > > > > >And in my opinion, if you get a major winner more than once or twice out > > >of a hundred, you're either very good or very lucky (and I define a major > > >winner as one that goes up several hundred percent before you sell). > > > > > >Tom Worley > > >stkguru@netside.net > > >AIM: TexWorley > > > > > > > Tim Fisher > > Ore-ROCK-On Rockhounding Web Site > > Pacific Fishery Biologists Information > > mailto:tim@OreRockOn.com > > WWW http://OreRockOn.com > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 12:04:55 -0500 From: "Dempsey, Chris" Subject: RE: [CANSLIM] Ask Bill O'Neil This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0F361.CD847080 Content-Type: text/plain; charset="iso-8859-1" You contradict WON in your response right here. Don't fight CANSLIM. Follow the rules. The example stock broke out on 5/7 with great volume and broke out again on 5/16 with even better volume. - -----Original Message----- From: Tim Fisher [mailto:tim@orerockon.com] Sent: Tuesday, June 12, 2001 8:03 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Ask Bill O'Neil I have seen no one contradict WON here. No one has said that a stock needs to be at or above the old high in order to be buyable. Many interpret "N" as being "new price high". Obviously, for KKD, "N" was not "new price high", but "donut mania." That said, KKD is a horrible example of a CANSLIM chart pattern. If the breakout was 4/19 from a pivot of about 42.50 established about Dec 29, then vol was terrible. The subsequent advance in early May which actually did break the 52 wk high was on much better vol. If I had been a buyer of donut shops, I would have bot then, not in April. As usual, IBD makes their case with a liberal interpretation of WON's rules, ignoring ones like ADV when it is convenient. At 07:13 AM 6/12/2001 -0500, you wrote: >I hadn't looked at this list since Thursday and had over 200 messages. I >didn't see one referring to the Sunday ask Bill O'Neil question. This is a >question that everyone here needs to read. I have seen many messages >posted here contradicting his answer. > >Has anyone had any questions answered here? I've submitted three and >haven't seen one answered yet. > >Here it is for those who missed it. > >Sunday, June 10, 2001 > >"If a stock has a Relative Price Strength Rating of 85 or better but it's >more than 15% off its previous high, can it still have a quality breakout? " > >- Submitted from Bay City, Mich. > >The quality of a breakout is mainly determined by its base and how much >volume there is on the breakout. Of course, the closer a stock is to its >old high, the less overhead resistance it has to contend against. But it >is possible for a stock to have a good breakout if it is more than 15% off >its previous high. Krispy Kreme Doughnuts, for example, broke out from a >pivot point 17% off its previous high. Tim Fisher Ore-ROCK-On Rockhounding Web Site Pacific Fishery Biologists Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - ------_=_NextPart_001_01C0F361.CD847080 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] Ask Bill O'Neil

You contradict WON in your response right here. Don't = fight CANSLIM. Follow the rules. The example stock broke out on 5/7 = with great volume and broke out again on 5/16 with even better = volume.

-----Original Message-----
From: Tim Fisher [mailto:tim@orerockon.com]
Sent: Tuesday, June 12, 2001 8:03 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Ask Bill O'Neil


I have seen no one contradict WON here. No one has = said that a stock needs
to be at or above the old high in order to be = buyable. Many interpret "N"
as being "new price high". Obviously, for = KKD, "N" was not "new price
high", but "donut mania." That said, = KKD is a horrible example of a CANSLIM
chart pattern. If the breakout was 4/19 from a pivot = of about 42.50
established about Dec 29, then vol was terrible. The = subsequent advance in
early May which actually did break the 52 wk high = was on much better vol.
If I had been a buyer of donut shops, I would have = bot then, not in April.
As usual, IBD makes their case with a liberal = interpretation of WON's
rules, ignoring ones like ADV when it is = convenient.

At 07:13 AM 6/12/2001 -0500, you wrote:

>I hadn't looked at this list since Thursday and = had over 200 messages. I
>didn't see one referring to the Sunday ask Bill = O'Neil question. This is a
>question that everyone here needs to read. I = have seen many messages
>posted here contradicting his answer.
>
>Has anyone had any questions answered here? I've = submitted three and
>haven't seen one answered yet.
>
>Here it is for those who missed it.
>
>Sunday, June  10, 2001
>
>"If a stock has a Relative Price Strength = Rating of 85 or better but it's
>more than 15% off its previous high, can it = still have a quality breakout? "
>
>- Submitted from Bay City, Mich.
>
>The quality of a breakout is mainly determined = by its base and how much
>volume there is on the breakout. Of course, the = closer a stock is to its
>old high, the less overhead resistance it has to = contend against. But it
>is possible for a stock to have a good breakout = if it is more than 15% off
>its previous high. Krispy Kreme Doughnuts, for = example, broke out from a
>pivot point 17% off its previous high.

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


-
-To subscribe/unsubscribe, email = "majordomo@xmission.com"
-In the email body, write "subscribe = canslim" or
-"unsubscribe canslim".  Do not use = quotes in your email.

- ------_=_NextPart_001_01C0F361.CD847080-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1479 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.