From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1909 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 Sunday, December 9 2001 Volume 02 : Number 1909 In this issue: Re: 401K, Roth and IRA (was Re: [CANSLIM] Re: AZO & HGS list) Re: [CANSLIM] Non-canslim: Sell Rule spreadsheet and INVN. Re: [CANSLIM] Another Question: Beakouts ... Re: [CANSLIM] Very short list of stocks Re: [CANSLIM] Whither EPIQ? Re: [CANSLIM] Another Question: Beakouts ... Re: 401K, Roth and IRA (was Re: [CANSLIM] Re: AZO & HGS list) Re: [CANSLIM] Whither EPIQ? ---------------------------------------------------------------------- Date: 8 Dec 2001 16:14:05 -0800 From: "Tim Fisher" Subject: Re: 401K, Roth and IRA (was Re: [CANSLIM] Re: AZO & HGS list) I am going to incorporate myself! Already have some business lined up, just need to get incorporated so the clients can make up contracts. Should get started in Jan, will take a little break until then ;) At 03:48 PM 12/8/2001 -0500, you wrote: >Hi Tim, > >Also sorry you got cheated out of the party, you should have crashed it >anyway! > >A Roth IRA consists of after taxed income, that is why you can later >withdraw both principal (already taxed) and profits (not taxed, that's the >beauty of a Roth) without paying further taxes. > >By definition, a 401K consists of your (and presumably your employer's) >contributions on a pre-tax basis. Thus, apples and oranges between a 401K >and a Roth. Your only choice to rollover the 401K without paying taxes now >is to roll it into an IRA rollover account. And the absolutely best way to >do that is to first open the IRA rollover account, then take the >instructions from that custodian on procedures (usually the check from the >401K will be in the name of you, IRA rollover, and payable to the new >custodian). If you never actually touch the cash, you should have no >problem with IRS. It's ok to get the check if you can't just go out and >cash it. > >Good luck, what do you plan for your next job? > >Tom Worley >stkguru@netside.net >AIM: TexWorley >>----- Original Message ----- >>From: Norman >>To: canslim@lists.xmission.com >>Sent: Saturday, December 08, 2001 11:38 AM >>Subject: Re: [CANSLIM] Re: AZO & HGS list >> >>Tim, >> >>Sorry you missed the party :-) >> >>I don't think you can avoid the tax. To do a Roth rollover w/o paying the >>fiddler would be totally against all the concepts of Roth conversions. My >>advice (the particulars of your 401K plan not withstanding) would be to roll >>to a traditional IRA, where you used before tax contributions, so you have >>better control over it. Then do the analysis to see if the conversion is to >>your best benefit. Depends on many things and is not always the best thing >>to do. It can get very complicated. I don't think you can roll it all over >>at once and then spread the tax burden over several years like they let us >>do when the Roth first became available. But rolling a little each year >>might be fairly painless (kinda like using barbless hooks). Good luck. >> >>Norm >>----- Original Message ----- >>From: "Tim Fisher" <Tim@orerockon.com> >>To: <canslim@lists.xmission.com> >>Sent: Saturday, December 08, 2001 10:05 AM >>Subject: [CANSLIM] Re: AZO & HGS list >> > >> > On a related subject, does anyone know if there is a way to rollover a 401 >> > into a Roth IRA without paying tax? Didn't think so. > >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. ------------------------------ Date: Sat, 8 Dec 2001 23:23:20 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Non-canslim: Sell Rule spreadsheet and INVN. This is a multi-part message in MIME format. - ------=_NextPart_000_0430_01C1803F.52A00BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thank you Doug, so glad you found it useful. A couple of things I didn't mention when posting the rule and they have = to do with the way it's worded... "If these three criteria are met, the = stock *MAY* correct 15-25%." It's all about "typical" behavior of stocks = as they become extended, but as with most statistical measures, there = are always the "outliers." For example, late in the bull market, it = wasn't at all unusual for stocks to blow right through these extensions = (must've been really *big* rubberbands) before they would pause or = correct. I use this rule and a couple of others on my lists as warning = signs for possible sells. Depending on the market, the history of the = stock, my strategy going into the buy, the point at which this extension = occurs (1st, 2nd, 3rd, 4th base), the age of the company, etc., I will = sometimes go ahead and let the stock either correct or let it move = further before actually doing anything. Unfortunately, means it's not a = "hard and fast" rule like the 7-8% stop loss rule. (There are *no* = exceptions in my book for this one.) >>INVN...figured it was mostly retail buyers like my co-workers who saw = an article on it=20 in the WSJ so bought it...definitely wouldnt qualify as CANSLIM....I = bought some puts on it. This Friday it kicked me in the head and shot up = 5.89 points. ...This thing has got to go down...I might get past my = threshold for being able to sleep. << A couple of things ran through my head as I was reading this. The first = was--sometimes I think having a steel stomach is a prerequisite for = shorting. Working against trend, while often incredibly profitable, is = downright nerve racking. The second was--"Warning, warning, Will = Robinson!" Often Mr. Market speaks in Swahili. I think he practices this = on the sly while we're all drinking martinis and telling tales of = profitable trading wonderment. Whilst speaking Swahili, he whispers = messages to each of us that confuse us and make us believe that there = are many things that "should" happen. Pleasant dreams (sure wish I knew how to say that in Swahili), Katherine ----- Original Message -----=20 From: DougC=20 To: canslim@lists.xmission.com=20 Sent: Saturday, December 08, 2001 10:03 PM Subject: [CANSLIM] Non-canslim: Sell Rule spreadsheet and INVN. Hi Katherine Excellent spreadsheet. Thanks for sharing it. I plugged in the values = for the 10 stocks I'm currently long. Makes it very easy to compare the stocks to the = averages and also to each other. I also plugged in the values for a non-canslim stock I'm swimming upstream against. Don't know if you've heard about INVN. It's been in = the news lately because they make an explosion detection system. Since the Sept 11 = attacks everyone has been jumping on the stock because of supposed increased demand = from airports. And last friday the gov apparantly signed some contract with Invn. I = don't know much about the contract but I saw the stock jump 5 points after the = anouncement. I=20 figured it was mostly retail buyers like my co-workers who saw an = article on it=20 in the WSJ so bought it. I looked it up in DGO and saw that invn hasnt = been doing that great over the past four quarters and definitely wouldnt qualify as = CANSLIM. So knowing that and seeing last friday 11/30 that it was already well extended = above the 50dma and 200dma I bought some puts on it. This Friday it kicked me in the head and = shot up 5.89 points. I plugged in the current numbers into your spreadsheet and see that it's = extended 102% above 50dma and 382% above 200dma. DGO shows the PE at 446. This thing has got to = go down. ;(=20 I'm itching to buy more puts but I'm afraid I might get past my = threshold for being able to sleep. =20 At 12:49 PM 12/7/01 -0600, you wrote: Here's a quick Excel spreadsheet for calculating triggers for stocks = you may own. =20 Enter, stock, recent base low, 50 dMA, 100 dMA and current Price. =20 Katherine - ------=_NextPart_000_0430_01C1803F.52A00BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thank you Doug, so glad you found it=20 useful.
 
A couple of things I didn't mention = when posting=20 the rule and they have to do with the way it's worded... "If these three = criteria are met, the stock *MAY* correct 15-25%." It's all about = "typical"=20 behavior of stocks as they become extended, but as with most statistical = measures, there are always the "outliers." For example, late in the bull = market,=20 it wasn't at all unusual for stocks to blow right through these = extensions=20 (must've been really *big* rubberbands) before they would pause or = correct. I=20 use this rule and a couple of others on my lists as warning signs for=20 possible sells. Depending on the market, the history of the = stock, my=20 strategy going into the buy, the point at which this extension occurs = (1st, 2nd,=20 3rd, 4th base), the age of the company, etc., I will sometimes go ahead = and let=20 the stock either correct or let it move further before actually doing = anything.=20 Unfortunately, means it's not a "hard and fast" rule like the 7-8% stop = loss=20 rule. (There are *no* exceptions in my book for this one.)
 
>>INVN...figured it was mostly retail buyers like my co-workers = who saw an=20 article on it
in the WSJ so bought it...definitely wouldnt qualify = as=20 CANSLIM....I bought some puts on it. This Friday it kicked me in the = head and=20 shot up 5.89 points. ...This thing has got to go down...I might get past = my=20 threshold for being able to
sleep.  <<
 
A couple of things ran through my head = as I was=20 reading this. The first was--sometimes I think having a steel stomach is = a=20 prerequisite for shorting. Working against trend, while often incredibly = profitable, is downright nerve racking.  The second was--"Warning, = warning,=20 Will Robinson!" Often Mr. Market speaks in Swahili. I think he practices = this on=20 the sly while we're all drinking martinis and telling tales of = profitable=20 trading wonderment. Whilst speaking Swahili, he whispers messages to = each of us=20 that confuse us and make us believe that there are many things that = "should"=20 happen.
 
Pleasant dreams (sure wish I knew how = to say that=20 in Swahili),
 
Katherine
----- Original Message -----
From:=20 DougC =
Sent: Saturday, December 08, = 2001 10:03=20 PM
Subject: [CANSLIM] Non-canslim: = Sell Rule=20 spreadsheet and INVN.

Hi Katherine

Excellent spreadsheet. Thanks for = sharing=20 it. I plugged in the values for the 10 stocks
I'm currently long. = Makes it=20 very easy to compare the stocks to the averages and also
to each=20 other.

 I also plugged in the values for a  = non-canslim stock=20 I'm swimming
upstream against. Don't know if you've heard about = INVN. It's=20 been in the news lately
because they make an explosion detection = system.=20 Since the Sept 11 attacks everyone
has been jumping on the stock = because of=20 supposed increased demand from airports.
And last friday the gov = apparantly=20 signed some contract with Invn. I don't know much
about the = contract but I=20 saw the stock jump 5 points after the anouncement. I
figured it = was mostly=20 retail buyers like my co-workers who saw an article on it
in the = WSJ so=20 bought it. I looked it up in DGO and saw that invn hasnt been doing=20 that
great over the past four quarters and definitely wouldnt = qualify as=20 CANSLIM. So knowing
that and seeing last friday 11/30  that it = was=20 already well extended above the 50dma and 200dma
I bought some puts = on it.=20 This Friday it kicked me in the head and shot up 5.89 points. I = plugged
in=20 the current numbers into your spreadsheet and see that it's extended = 102%=20 above 50dma
and 382% above 200dma. DGO shows the PE at 446. This = thing has=20 got to go down. ;(
I'm itching to buy more puts but I'm afraid I = might get=20 past my threshold for being able to
sleep. 



At = 12:49=20 PM 12/7/01 -0600, you wrote:
Here's a quick Excel spreadsheet for=20 calculating triggers for stocks you may = own.
 
Enter, stock, recent base low, 50 dMA, 100 dMA = and current=20 Price.
 
Katherine
- ------=_NextPart_000_0430_01C1803F.52A00BC0-- - - - -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: Sat, 8 Dec 2001 23:44:25 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Another Question: Beakouts ... Hi Andreas, > And then you wait all day until they breakout? So Canslim can only be done by people who > do this full time? > Even a Stop buy does not work because you do not know if the volume is at least 50% higher then > average. Option 1: If you are trading full time, but don't want to sit at the computer all day and watch the quote screen, use trading software that allows you to set audible alarms when the stock on your wishlist meets certain price and/or volume criteria. I do this with Schwab's Streetsmart Pro. At the beginning of each trading day, I update my alarms based on my strategy for the day. If the alarms go off, I look at the screen. If they don't, I don't have to watch at all. Option 2: Use a service that sends these alarms to your pager or digital phone. Many brokerages offer this option. If your employer has no problem with you placing trades during your work day, this works well. Extrapolating volume intraday will give a feel as to breakout potential. Option 3: If you are working at a job other than trading and do not or cannot trade during market hours, using a buy-stop-limit is the only way to make entries at the time of the first breakout attempt. Unfortunately, these are not volume dependent, as you noted. If you are convinced that this is a stock worth owning, you set up the trade and see what happens. If you can check volume at lunchtime, that may help you assess whether or not to cancel the order if it has not yet executed. If the buy was executed during the day but on your end-of-day review you see that the appropriate minimum volume was not met, sell it the next day. Plain and simple. Cost of doing business. While a stock breaking out on below average volume may not necessarily fail, the *probability* of failure is higher. That's reason enough to exit the trade. Option 4: If the stock broke out but finished the day within 5% of the pivot, place a limit order for the open. If you get it, fine. If you don't, well there's 9,999 other stocks in the universe. Katherine - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Saturday, December 08, 2001 9:55 PM Subject: [CANSLIM] Another Question: Beakouts ... > How do you spot breakouts? > > OK, I have a watchlist on stocks that are fundamentally and technically interesting. > And then you wait all day until they breakout? So Canslim can only be done by people who > do this full time? > > Even a Stop buy does not work because you do not know if the volumne is at least 50% higher then > average. > > Alternative is to buy on the second day of the breakout, but this should only be done if > the price is not higher then 10% above the pivot? A lot of breakouts do 10% and more on the > breakout day. > > So how do you do this? - - - -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: Sat, 8 Dec 2001 23:50:06 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Very short list of stocks Widen the net... Katherine - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Saturday, December 08, 2001 9:50 PM Subject: [CANSLIM] Very short list of stocks > Interesting: Only DFXI, ECTX and TTIL (darn, did not get this breakout ...) match those criterias !!! > > Screen Criteria Parameters > Earnings Per Share (EPS) Rating From 79 to 99 > Relative Price Strength (RS) Rating From 79 to 99 % > Change in Latest Quarter's EPS vs. Same Quarter Prior Year From 25 to 999 > Annual % EPS Growth Rate of Last 3 Years From 25 to 999 % > Change Latest Quarter's Sales vs. Same Quarter Prior Year From 25 to 999 > Annual % Sales Growth Rate of Last 3 Years From 25 to 999 > Shares Outstanding(Mil.) From 1 to 40 > % of Stock Owned by Mutual Funds From 1 to 40 Current Price From 6 to 999 % > Current Price is off High, Year to Date From -15 to 999 > ROE (Latest Fiscal Year Reported) From 12 to 999 Debt % (Latest Fiscal Year Reported) > From 0 to 100 Accumulation/Distribution (Acc/Dis) Rating A, B Exchange NYSE, AMEX, NASDAQ > > > - > -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: Sun, 9 Dec 2001 00:53:35 -0800 From: "J. David Stem" Subject: Re: [CANSLIM] Whither EPIQ? This is a multi-part message in MIME format. - ------=_NextPart_000_000B_01C1804B.EE7A9CC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'm new to this board and am going to try to post a reply. First of = all, hi from Los Angeles. Secondly, after reading your posts about = EPIQ, I checked out the chart and I have to say, you should be = congratulating yourself on this trade. It's trades like this that show = how well WON's system works. I was making plenty of money two years = ago, as was everyone else, and then one day, bought CMTN after what I = thought was a good cup-n-handle. A day or so later, I was stopped out = after the stock gapped down, straight through my stop loss. I was = annoyed, trying to figure out what I had done wrong. Looking back on = the trade now, I'm grateful for what I did right. I think I got out = around 102. And now the stock trades below 2. =20 In one of the Market Wizards books, one of WON's disciples talks about = how even with the best looking trades, he expects to get stopped out 50% = of the time. =20 I think I'm writing all this not to bolster or convince Warren of = anything, but to remind myself. After doing well with WON's methods, I = decided I knew bests and bought heavily on margin, then refused to sell = at my stop loss points. Hey, the market would come back in agreement = with me, right?? Yeah, right. =20 Anyway, I just wanted to say hi to all on the board and thank you for = your contributions. =20 Thanks, Dave Stem - ------=_NextPart_000_000B_01C1804B.EE7A9CC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'm new to this board and am going to = try to post a=20 reply.  First of all, hi from Los Angeles.  Secondly, after = reading=20 your posts about EPIQ, I checked out the chart and I have to say, you = should be=20 congratulating yourself on this trade.  It's trades like this that = show how=20 well WON's system works.  I was making plenty of money two years = ago, as=20 was everyone else, and then one day, bought CMTN after what I thought = was a good=20 cup-n-handle.  A day or so later, I was stopped out after the stock = gapped=20 down, straight through my stop loss.  I was annoyed, trying to = figure out=20 what I had done wrong.  Looking back on the trade now, I'm grateful = for=20 what I did right.  I think I got out around 102.  And now the = stock=20 trades below 2. 
 
In one of the Market Wizards books, one = of WON's=20 disciples talks about how even with the best looking trades, he expects = to get=20 stopped out 50% of the time. 
 
I think I'm writing all this not to = bolster or=20 convince Warren of anything, but to remind myself.  After doing = well with=20 WON's methods, I decided I knew bests and bought heavily on margin, then = refused=20 to sell at my stop loss points.  Hey, the market would come back in = agreement with me, right??  Yeah, right. 
 
Anyway, I just wanted to say hi to all = on the board=20 and thank you for your contributions. 
 
Thanks,
 
Dave Stem
- ------=_NextPart_000_000B_01C1804B.EE7A9CC0-- - - - -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: Sun, 9 Dec 2001 05:23:27 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Another Question: Beakouts ... This is a multi-part message in MIME format. - ------=_NextPart_000_003F_01C18071.A1BF1980 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Andreas, When I was an active broker, I had the time and tools to use limit = minders on the stocks I was watching, then check the volume if the = minder went off. I usually had my tickets ready, and could act quickly. = Now that I cannot do that, the method I evolved into is to simply buy = while the stock is still basing. I prefer to lose time value on the use = of my money than to be left at the gate at the end of the day. This also = means that I can use a limit order, and often buy close to the bottom of = the base and well under the pivot. So if the stock starts to fail, I = have at least the chance to get out close to a break even. Eventually, = if they do not break out, I find something that looks better and am = forced to sell the ones not moving (of course they usually break out a = day or two later!!). Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: John Maycock=20 To: canslim@lists.xmission.com=20 Sent: Saturday, December 08, 2001 11:42 PM Subject: RE: [CANSLIM] Another Question: Beakouts ... Andreas: I can offer you a quick response on this one. In theory the answer is = that you place the buy stop 0.10 above the pivot, then, if triggered while = you are at work, examine the buy at the end of the day. If the volume was sufficient place a stop loss at your chosen point, (8% or other), or = if insufficient, place a sell order for the open, both for the following = day. Unfortunately, there have been many instances lately of buy stops = being triggered then the stock falling back below the pivot within the same trading day. If the volume was not sufficient, you are then faced with = the demoralizing situation of selling at a loss, having only held the = stock for a few trading hours. I think that is pretty close to the pure CANSLIM approach. The = question to ask is "Does that approach work in this market?" Maybe some of the = more experienced canslimmers can answer. John -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Andreas = Himmelreich Sent: Saturday, December 08, 2001 7:56 PM To: 'canslim@lists.xmission.com' Subject: [CANSLIM] Another Question: Beakouts ... How do you spot breakouts? OK, I have a watchlist on stocks that are fundamentally and = technically interesting. And then you wait all day until they breakout? So Canslim can only be = done by people who do this full time? Even a Stop buy does not work because you do not know if the volumne = is at least 50% higher then average. Alternative is to buy on the second day of the breakout, but this = should only be done if the price is not higher then 10% above the pivot? A lot of breakouts = do 10% and more on the breakout day. So how do you do this? - -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. - ------=_NextPart_000_003F_01C18071.A1BF1980 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Andreas,
 
When I was an active broker, I had the time and = tools to use=20 limit minders on the stocks I was watching, then check the volume if the = minder=20 went off. I usually had my tickets ready, and could act quickly. Now = that I=20 cannot do that, the method I evolved into is to simply buy while the = stock is=20 still basing. I prefer to lose time value on the use of my money than to = be left=20 at the gate at the end of the day. This also means that I can use a = limit order,=20 and often buy close to the bottom of the base and well under the pivot. = So if=20 the stock starts to fail, I have at least the chance to get out close to = a break=20 even. Eventually, if they do not break out, I find something that looks = better=20 and am forced to sell the ones not moving (of course they usually break = out a=20 day or two later!!).
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 John = Maycock
To: canslim@lists.xmission.com =
Sent: Saturday, December 08, = 2001 11:42=20 PM
Subject: RE: [CANSLIM] Another = Question:=20 Beakouts ...

Andreas:
I can offer you a quick response on this = one. In=20 theory the answer is that
you place the buy stop 0.10 above the = pivot,=20 then, if triggered while you
are at work, examine the buy at the = end of the=20 day. If the volume was
sufficient place a stop loss at your chosen = point,=20 (8% or other), or if
insufficient, place a sell order for the open, = both=20 for the following day.

Unfortunately, there have been many = instances=20 lately of buy stops being
triggered then the stock falling back = below the=20 pivot within the same
trading day. If the volume was not = sufficient, you=20 are then faced with the
demoralizing situation of selling at a = loss, having=20 only held the stock for
a few trading hours.

I think that is = pretty=20 close to the pure CANSLIM approach. The question to
ask is "Does = that=20 approach work in this market?" Maybe some of the more
experienced=20 canslimmers can answer.

John


-----Original=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lis= ts.xmission.com]On=20 Behalf Of Andreas Himmelreich
Sent: Saturday, December 08, 2001 = 7:56=20 PM
To: 'canslim@lists.xmission.com'=
Subject:=20 [CANSLIM] Another Question: Beakouts ...

How do you spot=20 breakouts?

OK, I have a watchlist on stocks that are = fundamentally and=20 technically
interesting.
And then you wait all day until they = breakout?=20 So Canslim can only be done
by people who
do this full = time?

Even=20 a Stop buy does not work because you do not know if the volumne is = at
least=20 50% higher then
average.

Alternative is to buy on the second = day of=20 the breakout, but this should
only be done if
the price is not = higher=20 then 10% above the pivot? A lot of breakouts do 10%
and more on=20 the
breakout day.

So how do you do this?

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email.
- ------=_NextPart_000_003F_01C18071.A1BF1980-- - - - -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: Sun, 9 Dec 2001 05:25:58 -0500 From: "Tom Worley" Subject: Re: 401K, Roth and IRA (was Re: [CANSLIM] Re: AZO & HGS list) This is a multi-part message in MIME format. - ------=_NextPart_000_0052_01C18071.FBAD8F80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Good luck, Tim. What kind of business? Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Tim Fisher=20 To: canslim@lists.xmission.com=20 Sent: Saturday, December 08, 2001 7:14 PM Subject: Re: 401K, Roth and IRA (was Re: [CANSLIM] Re: AZO & HGS list) I am going to incorporate myself! Already have some business lined up, = just=20 need to get incorporated so the clients can make up contracts. Should = get=20 started in Jan, will take a little break until then ;) - ------=_NextPart_000_0052_01C18071.FBAD8F80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Good luck, Tim.
 
What kind of business?
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Tim = Fisher=20
To: canslim@lists.xmission.com =
Sent: Saturday, December 08, = 2001 7:14=20 PM
Subject: Re: 401K, Roth and IRA = (was Re:=20 [CANSLIM] Re: AZO & HGS list)

I am going to incorporate myself! Already have some = business=20 lined up, just
need to get incorporated so the clients can make up = contracts. Should get
started in Jan, will take a little break = until then=20 ;)

- ------=_NextPart_000_0052_01C18071.FBAD8F80-- - - - -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: Sun, 9 Dec 2001 06:03:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Whither EPIQ? This is a multi-part message in MIME format. - ------=_NextPart_000_0083_01C18077.3E874300 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi David, and welcome to the group. Warren's stop loss order protected his principal from an even greater = loss. One of the hardest lessons to learn in investing is just that, = protect your capital so you can play another day. It means setting aside = our ego, and accepting that we can be wrong. It means not arguing with = the market, or trusting to fundamentals only. That is very difficult for = me as I am very "fundies" oriented. So I am regularly confronted with = either holding thru a correction, or selling what I consider a good = stock in hopes of buying it back again later when it's back in favor = with the market. I would be lying if I suggested that I am humble, so setting aside my = ego and opinion of a stock and accepting what the market thinks (at that = moment) is very difficult. That is one of the biggest reasons why I = gravitated over to CANSLIM many years ago, it provided me with tools and = rules and indicators that made sense, and offset my fundies orientation. Interesting to note that CMTN is in the same group as UTSI and INTV, = both mentioned here recently. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: J. David Stem=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 09, 2001 3:53 AM Subject: Re: [CANSLIM] Whither EPIQ? I'm new to this board and am going to try to post a reply. First of = all, hi from Los Angeles. Secondly, after reading your posts about = EPIQ, I checked out the chart and I have to say, you should be = congratulating yourself on this trade. It's trades like this that show = how well WON's system works. I was making plenty of money two years = ago, as was everyone else, and then one day, bought CMTN after what I = thought was a good cup-n-handle. A day or so later, I was stopped out = after the stock gapped down, straight through my stop loss. I was = annoyed, trying to figure out what I had done wrong. Looking back on = the trade now, I'm grateful for what I did right. I think I got out = around 102. And now the stock trades below 2. =20 =20 In one of the Market Wizards books, one of WON's disciples talks about = how even with the best looking trades, he expects to get stopped out 50% = of the time. =20 =20 I think I'm writing all this not to bolster or convince Warren of = anything, but to remind myself. After doing well with WON's methods, I = decided I knew bests and bought heavily on margin, then refused to sell = at my stop loss points. Hey, the market would come back in agreement = with me, right?? Yeah, right. =20 =20 Anyway, I just wanted to say hi to all on the board and thank you for = your contributions. =20 =20 Thanks, =20 Dave Stem - ------=_NextPart_000_0083_01C18077.3E874300 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi David, and welcome to the group.
 
Warren's stop loss order protected his principal = from an even=20 greater loss. One of the hardest lessons to learn in investing is just = that,=20 protect your capital so you can play another day. It means setting aside = our=20 ego, and accepting that we can be wrong. It means not arguing with the = market,=20 or trusting to fundamentals only. That is very difficult for me as I am = very=20 "fundies" oriented. So I am regularly confronted with either holding = thru a=20 correction, or selling what I consider a good stock in hopes of buying = it back=20 again later when it's back in favor with the market.
 
I would be lying if I suggested that I am humble, so = setting=20 aside my ego and opinion of a stock and accepting what the market thinks = (at=20 that moment) is very difficult. That is one of the biggest reasons why I = gravitated over to CANSLIM many years ago, it provided me with tools and = rules=20 and indicators that made sense, and offset my fundies = orientation.
 
Interesting to note that CMTN is in the same group = as UTSI and=20 INTV, both mentioned here recently.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 J. = David Stem=20
To: canslim@lists.xmission.com =
Sent: Sunday, December 09, 2001 = 3:53=20 AM
Subject: Re: [CANSLIM] Whither=20 EPIQ?

I'm new to this board and am going to = try to post=20 a reply.  First of all, hi from Los Angeles.  Secondly, = after=20 reading your posts about EPIQ, I checked out the chart and I have to = say, you=20 should be congratulating yourself on this trade.  It's trades = like this=20 that show how well WON's system works.  I was making plenty of = money two=20 years ago, as was everyone else, and then one day, bought CMTN after = what I=20 thought was a good cup-n-handle.  A day or so later, I was = stopped out=20 after the stock gapped down, straight through my stop loss.  I = was=20 annoyed, trying to figure out what I had done wrong.  Looking = back on the=20 trade now, I'm grateful for what I did right.  I think I got out = around=20 102.  And now the stock trades below 2. 
 
In one of the Market Wizards books, = one of WON's=20 disciples talks about how even with the best looking trades, he = expects to get=20 stopped out 50% of the time. 
 
I think I'm writing all this not to = bolster or=20 convince Warren of anything, but to remind myself.  After doing = well with=20 WON's methods, I decided I knew bests and bought heavily on margin, = then=20 refused to sell at my stop loss points.  Hey, the market would = come back=20 in agreement with me, right??  Yeah, right. 
 
Anyway, I just wanted to say hi to = all on the=20 board and thank you for your contributions. 
 
Thanks,
 
Dave = Stem
- ------=_NextPart_000_0083_01C18077.3E874300-- - - - -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 #1909 ****************************** 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.