Go to Jeff Salisbury LWGate Home Page.From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: SAY (was Re: [CANSLIM] Another Question: Beakouts ...)
Date: Mon, 10 Dec 2001 12:44:52 +0100
Next Article (by Date): Re: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) "Tom Worley"
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I know its a big risk. Though I only bought it for 5% of my whole capital and give it shot ... > -----Ursprungliche Nachricht----- > Von: Tom Worley [SMTP:stkguru@netside.net] > Gesendet am: Monday, December 10, 2001 12:18 PM > An: canslim@lists.xmission.com > Betreff: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) > > Why did you buy it so extended, Andreas? > > Tom Worley > stkguru@netside.net > AIM: TexWorley > > ----- Original Message ----- > From: Andreas Himmelreich > To: 'canslim@lists.xmission.com' > Sent: Monday, December 10, 2001 6:05 AM > Subject: AW: [CANSLIM] Another Question: Beakouts ... > > > Hi Tom, > > yes It is a typo, I bought it for 13.50 ... > > > -----Ursprungliche Nachricht----- > > Von: Tom Worley [SMTP:stkguru@netside.net] > > Gesendet am: Sunday, December 09, 2001 3:51 PM > > An: canslim@lists.xmission.com > > Betreff: Re: [CANSLIM] Another Question: Beakouts ... > > > > Hi Andreas, > > > > I will have to figure out why SAY never showed up on my lists, should > have and didn't until you mention it. I presume your "15.50" is a typo, as > it has yet to trade there? > > > > For TTIL, it's hard for me to think of buying it here, I picked it up for > my VR fund a while ago, up now nearly 60%. I knew this company from some > years ago, and expected this kind of results based on its fundies. Just > another of my "non-CANSLIM" picks. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: Andreas Himmelreich > > To: 'canslim@lists.xmission.com' > > Sent: Sunday, December 09, 2001 9:41 AM > > Subject: AW: [CANSLIM] Another Question: Beakouts ... > > > > > > Thanx for the response !!! > > > > This week I bought > > > > ECTX (I figured if USTI breaks out, why should not ECTX, which has even > > better fundamentals) and AMWD (a lot of home builders broke out, so why > not > > AMWD) > > before it broke out above the pivot). Also DFXI (fundamentally the > stock I > > love the most !!!) > > > > I bought also SAY, but at 15.50, so an actually overextended CANSLIM > trade, > > which should not be done, but I take the risk, because I think there is > a > > good chance > > that the trend sustaines, I placed the stop, so I do not risk more then > 2% > > of my whole capital ... > > > > I am also thinking about TTIL, which is also overextended, but has a > nice > > Flag ... > > > > See you > > > > Andreas > > > > > > > -----Ursprungliche Nachricht----- > > > Von: Katherine Malm [SMTP:kmalm@earthlink.net] > > > Gesendet am: Sunday, December 09, 2001 2:25 PM > > > An: canslim@lists.xmission.com > > > Betreff: Re: [CANSLIM] Another Question: Beakouts ... > > > > > > Mornin' Norm, > > > > > > Sure seems to me the approach you are describing shows greater depth > of > > understanding than many professionals have. None of the 4 options > listed > > are worth a flip unless the candidate is superior and I think that's > what > > people forget in their rush to fill the portfolio with positions. Your > > alternative, which I'll call "option 5" shows a different entry > strategy > > supported by your own individual style. My own style is to move quickly > out > > of something if it doesn't do what I'm expecting in the near term. But > I > > continue to monitor the candidate in case it was a false start, then > get > > right back in. That means that under some market conditions it might > take > > me two entries, but my loss the first time is generally well under the > 7-8% > > rule, so I write that off as "risk control." As you have pointed out, > > everyone has their own risk tolerance and patience factor and finding a > > strategy that fits that personality makes all the difference in success > > rate. > > > > > > Katherine > > > > > > > > > > > > ----- Original Message ----- > > > From: Norman > > > To: canslim@lists.xmission.com > > > Sent: Sunday, December 09, 2001 7:54 AM > > > Subject: Re: [CANSLIM] Another Question: Beakouts ... > > > > > > > > > Hi Andreas, > > > > > > I like, and have begun to use, Katherine's option number 3. This > is > > not a bad method if canslim criteria are met. If there is good vol on > the > > right side of the base (unless it's a flat base) then funds are buying, > if > > the base and handle are correctly formed, if the company has > outstanding > > fundamentals, if the GRS is good and trending up, if it's peers are > doing > > well on the average, etc. I know this is a lot to ask but this market > has > > not been very forgiven for CANSLIMers lately. And often the stock will > not > > break out for days or weeks or not at all. But you will have the odds > on > > your side; a good company, with big money support and a good chart. > The > > only real problems I have noted are 1) that I have to sit around and > watch > > other stocks on my list shoot up (unavoidable), and 2) if the handle is > > 10-15% off the pivot then there has to be a substantial move just to > get to > > my buy order; this increases the likely hood of a second handle or that > my > > order will execute and the price will close below that point. I am > willing > > to live with these risks if the company is top notch. I don't see the > low > > vol breakout as much of a risk; at least I would be making money. If > the > > company, chart and GRS are good then I would hold the low vol BO with a > > shallow s/l order in place. I guess then I would be an "aggressive > value > > investor". Additionally, this may be the only way to buy the flat base > or > > LLUR; they seem to often shoot up out of their pattern quickly. > > > > > > disclaimer: I'm an amateur with much less experience than most :-) > > > > > > Norm > > > > > > ----- Original Message ----- > > > From: "Katherine Malm" <kmalm@earthlink.net> > > > To: <canslim@lists.xmission.com> > > > Sent: Saturday, December 08, 2001 11:44 PM > > > 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. > Ext > > rapolating > > > > 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" <judgejimmy@web.de> > > > > To: <canslim@lists.xmission.com> > > > > 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. > > > > > > > > > > > << Datei: ATT00013.htm >> > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > << Datei: ATT00000.htm >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > << Datei: ATT00019.htm >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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