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Subject: Re: SAY (was Re: [CANSLIM] Another Question: Beakouts ...)
Date: Mon, 10 Dec 2001 06:47:57 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_001C_01C18146.9ACE7500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Good luck with it. Off to a hot start. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Andreas Himmelreich=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, December 10, 2001 6:44 AM Subject: AW: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) 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 ...) >=20 > Why did you buy it so extended, Andreas? >=20 > Tom Worley > stkguru@netside.net > AIM: TexWorley >=20 > ----- Original Message -----=20 > From: Andreas Himmelreich=20 > To: 'canslim@lists.xmission.com'=20 > Sent: Monday, December 10, 2001 6:05 AM > Subject: AW: [CANSLIM] Another Question: Beakouts ... >=20 >=20 > Hi Tom, >=20 > yes It is a typo, I bought it for 13.50 ... >=20 > > -----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=20 > have and didn't until you mention it. I presume your "15.50" is a = typo, as=20 > it has yet to trade there? > > > > For TTIL, it's hard for me to think of buying it here, I picked = it up for=20 > my VR fund a while ago, up now nearly 60%. I knew this company = from some=20 > years ago, and expected this kind of results based on its fundies. = Just=20 > 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=20 > > better fundamentals) and AMWD (a lot of home builders broke = out, so why=20 > not > > AMWD) > > before it broke out above the pivot). Also DFXI (fundamentally = the=20 > stock I > > love the most !!!) > > > > I bought also SAY, but at 15.50, so an actually overextended = CANSLIM=20 > trade, > > which should not be done, but I take the risk, because I think = there is=20 > a > > good chance > > that the trend sustaines, I placed the stop, so I do not risk = more then=20 > 2% > > of my whole capital ... > > > > I am also thinking about TTIL, which is also overextended, but = has a=20 > 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=20 > of > > understanding than many professionals have. None of the 4 = options=20 > listed > > are worth a flip unless the candidate is superior and I think = that's=20 > what > > people forget in their rush to fill the portfolio with = positions. Your > > alternative, which I'll call "option 5" shows a different = entry=20 > strategy > > supported by your own individual style. My own style is to = move quickly=20 > out > > of something if it doesn't do what I'm expecting in the near = term. But=20 > I > > continue to monitor the candidate in case it was a false = start, then=20 > get > > right back in. That means that under some market conditions it = might=20 > take > > me two entries, but my loss the first time is generally well = under the=20 > 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=20 > > strategy that fits that personality makes all the difference = in success=20 > > 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=20 > is > > not a bad method if canslim criteria are met. If there is = good vol on=20 > the > > right side of the base (unless it's a flat base) then funds = are buying,=20 > if > > the base and handle are correctly formed, if the company has=20 > outstanding > > fundamentals, if the GRS is good and trending up, if it's = peers are=20 > doing > > well on the average, etc. I know this is a lot to ask but = this market=20 > has > > not been very forgiven for CANSLIMers lately. And often the = stock will=20 > not > > break out for days or weeks or not at all. But you will have = the odds=20 > on > > your side; a good company, with big money support and a good = chart.=20 > The > > only real problems I have noted are 1) that I have to sit = around and=20 > watch > > other stocks on my list shoot up (unavoidable), and 2) if the = handle is=20 > > 10-15% off the pivot then there has to be a substantial move = just to=20 > get to > > my buy order; this increases the likely hood of a second = handle or that=20 > my > > order will execute and the price will close below that point. = I am=20 > willing > > to live with these risks if the company is top notch. I don't = see the=20 > low > > vol breakout as much of a risk; at least I would be making = money. If=20 > the > > company, chart and GRS are good then I would hold the low vol = BO with a=20 > > shallow s/l order in place. I guess then I would be an = "aggressive=20 > value > > investor". Additionally, this may be the only way to buy the = flat base=20 > 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=20 > only > > be done > > > > by people who > > > > > do this full time? > > > > > Even a Stop buy does not work because you do not know = if the=20 > volume > > is at > > > > least 50% higher then > > > > > average. > > > > > > > > Option 1: If you are trading full time, but don't want = to sit at=20 > the > > > > computer all day and watch the quote screen, use trading = software=20 > > 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=20 > based > > on my > > > > strategy for the day. If the alarms go off, I look at = the screen.=20 > 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=20 > > problem > > > > with you placing trades during your work day, this works = well.=20 > 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=20 > not > > or > > > > cannot trade during market hours, using a buy-stop-limit = is the=20 > 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=20 > > this is a > > > > stock worth owning, you set up the trade and see what = happens. If=20 > you > > can > > > > check volume at lunchtime, that may help you assess = whether or=20 > not to > > cancel > > > > the order if it has not yet executed. If the buy was = executed=20 > during > > the day > > > > but on your end-of-day review you see that the = appropriate=20 > minimum > > volume > > > > was not met, sell it the next day. Plain and simple. = Cost of=20 > 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=20 > exit > > the > > > > trade. > > > > > > > > Option 4: If the stock broke out but finished the day = within 5%=20 > of > > the > > > > pivot, place a limit order for the open. If you get it, = fine. If=20 > 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=20 > 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=20 > 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 >>=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 > << Datei: ATT00019.htm >>=20 - -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_001C_01C18146.9ACE7500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content=3D"text/html; charset=3Diso-8859-1" = http-equiv=3DContent-Type> <META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT size=3D2>Good luck with it. Off to a hot start.</FONT></DIV> <DIV> </DIV> <DIV>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley<BR></DIV> <BLOCKQUOTE=20 style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: = 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A href=3D"mailto:judgejimmy@web.de" title=3Djudgejimmy@web.de>Andreas = Himmelreich</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20 href=3D"mailto:'canslim@lists.xmission.com'"=20 title=3Dcanslim@lists.xmission.com>'canslim@lists.xmission.com'</A> = </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, December 10, 2001 = 6:44=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> AW: SAY (was Re: = [CANSLIM]=20 Another Question: Beakouts ...)</DIV> <DIV><BR></DIV>I know its a big risk. Though I only bought it for 5% = of my=20 whole capital and give it shot ...<BR><BR>> -----Ursprungliche=20 Nachricht-----<BR>> Von: Tom Worley [<A=20 = href=3D"mailto:SMTP:stkguru@netside.net">SMTP:stkguru@netside.net</A>]<BR= >>=20 Gesendet am: Monday, December 10, 2001 12:18 PM<BR>> An: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>=20 Betreff: SAY (was Re: [CANSLIM] Another Question: Beakouts = ...)<BR>>=20 <BR>> Why did you buy it so extended, Andreas?<BR>> <BR>> Tom = Worley<BR>> <A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>> = AIM:=20 TexWorley<BR>> <BR>> ----- Original Message -----=20 <BR>> From: Andreas Himmelreich <BR>> = To: <A=20 = href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'= </A>=20 <BR>> Sent: Monday, December 10, 2001 6:05=20 AM<BR>> Subject: AW: [CANSLIM] Another Question: = Beakouts=20 ...<BR>> <BR>> <BR>> Hi Tom,<BR>> = <BR>> =20 yes It is a typo, I bought it for 13.50 ...<BR>> = <BR>> >=20 -----Ursprungliche Nachricht-----<BR>> > Von: Tom = Worley [<A=20 = href=3D"mailto:SMTP:stkguru@netside.net">SMTP:stkguru@netside.net</A>]<BR= >> =20 > Gesendet am: Sunday, December 09, 2001 3:51 = PM<BR>> >=20 An: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 > Betreff: Re: [CANSLIM] Another Question: Beakouts = ...<BR>> =20 ><BR>> > Hi Andreas,<BR>> =20 ><BR>> > I will have to figure out why SAY never = showed=20 up on my lists, should <BR>> have and didn't until you = mention=20 it. I presume your "15.50" is a typo, as <BR>> it has = yet to=20 trade there?<BR>> ><BR>> > For = TTIL, it's=20 hard for me to think of buying it here, I picked it up for=20 <BR>> my VR fund a while ago, up now nearly 60%. I knew = this=20 company from some <BR>> years ago, and expected this = kind of=20 results based on its fundies. Just <BR>> another of my=20 "non-CANSLIM" picks.<BR>> ><BR>> > = Tom=20 Worley<BR>> > <A=20 = href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>> = =20 > AIM: TexWorley<BR>> ><BR>> =20 > ----- Original Message -----<BR>> =20 > From: Andreas Himmelreich<BR>> =20 > To: <A=20 = href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'= </A><BR>> =20 > Sent: Sunday, December 09, 2001 9:41 = AM<BR>> =20 > Subject: AW: [CANSLIM] Another Question: Beakouts=20 ...<BR>> ><BR>> = ><BR>> =20 > Thanx for the response !!!<BR>> =20 ><BR>> > This week I=20 bought<BR>> ><BR>> > = ECTX (I=20 figured if USTI breaks out, why should not ECTX, which has even=20 <BR>> > better fundamentals) and AMWD (a = lot of=20 home builders broke out, so why <BR>> = not<BR>> =20 > AMWD)<BR>> > before it = broke=20 out above the pivot). Also DFXI (fundamentally the = <BR>> stock=20 I<BR>> > love the most = !!!)<BR>> =20 ><BR>> > I bought also SAY, but at = 15.50, so=20 an actually overextended CANSLIM <BR>> =20 trade,<BR>> > which should not be done, = but I=20 take the risk, because I think there is <BR>> =20 a<BR>> > good chance<BR>> = > that the trend sustaines, I placed the stop, so I do = not risk=20 more then <BR>> 2%<BR>> > = of my=20 whole capital ...<BR>> ><BR>> =20 > I am also thinking about TTIL, which is also = overextended,=20 but has a <BR>> nice<BR>> = > Flag=20 ...<BR>> ><BR>> > See=20 you<BR>> ><BR>> > =20 Andreas<BR>> ><BR>> = ><BR>> =20 > > -----Ursprungliche = Nachricht-----<BR>> =20 > > Von: Katherine Malm [<A=20 = href=3D"mailto:SMTP:kmalm@earthlink.net">SMTP:kmalm@earthlink.net</A>]<BR= >> =20 > > Gesendet am: Sunday, December 09, 2001 2:25=20 PM<BR>> > > An: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 > > Betreff: Re: [CANSLIM] Another Question: = Beakouts=20 ...<BR>> > ><BR>> =20 > > Mornin' Norm,<BR>> = > =20 ><BR>> > > Sure seems to me the = approach=20 you are describing shows greater depth <BR>> =20 of<BR>> > understanding than many = professionals=20 have. None of the 4 options <BR>> = listed<BR>> =20 > are worth a flip unless the candidate is superior and = I think=20 that's <BR>> what<BR>> > = people=20 forget in their rush to fill the portfolio with positions.=20 Your<BR>> > alternative, which I'll call = "option=20 5" shows a different entry <BR>> = strategy<BR>> =20 > supported by your own individual style. My own style = is to=20 move quickly <BR>> out<BR>> = > of=20 something if it doesn't do what I'm expecting in the near term. But=20 <BR>> I<BR>> > continue = to=20 monitor the candidate in case it was a false start, then = <BR>> =20 get<BR>> > right back in. That means = that under=20 some market conditions it might <BR>> = take<BR>> =20 > me two entries, but my loss the first time is = generally well=20 under the <BR>> 7-8%<BR>> = > rule,=20 so I write that off as "risk control." As you have pointed=20 out,<BR>> > everyone has their own risk=20 tolerance and patience factor and finding a <BR>> =20 > strategy that fits that personality makes all the = difference=20 in success <BR>> > = rate.<BR>> =20 > ><BR>> > >=20 Katherine<BR>> > = ><BR>> =20 > ><BR>> > =20 ><BR>> > > ----- Original Message=20 -----<BR>> > > From:=20 Norman<BR>> > > To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 > > Sent: Sunday, December 09, 2001 7:54 = AM<BR>> > > Subject: Re:=20 [CANSLIM] Another Question: Beakouts ...<BR>> = > =20 ><BR>> > ><BR>> =20 > > Hi Andreas,<BR>> =20 > ><BR>> > = > I=20 like, and have begun to use, Katherine's option number 3. This=20 <BR>> is<BR>> > not a bad = method=20 if canslim criteria are met. If there is good vol on=20 <BR>> the<BR>> > right = side of=20 the base (unless it's a flat base) then funds are buying, = <BR>> =20 if<BR>> > the base and handle are = correctly=20 formed, if the company has <BR>> =20 outstanding<BR>> > fundamentals, if the = GRS is=20 good and trending up, if it's peers are <BR>> =20 doing<BR>> > well on the average, = etc. I=20 know this is a lot to ask but this market <BR>> =20 has<BR>> > not been very forgiven for = CANSLIMers=20 lately. And often the stock will <BR>> =20 not<BR>> > break out for days or weeks = or not at=20 all. But you will have the odds <BR>> =20 on<BR>> > your side; a good company, = with big=20 money support and a good chart. <BR>> =20 The<BR>> > only real problems I have = noted are=20 1) that I have to sit around and <BR>> =20 watch<BR>> > other stocks on my list = shoot up=20 (unavoidable), and 2) if the handle is <BR>> = > =20 10-15% off the pivot then there has to be a substantial move just to=20 <BR>> get to<BR>> > my = buy order;=20 this increases the likely hood of a second handle or that = <BR>> =20 my<BR>> > order will execute and the = price will=20 close below that point. I am <BR>> =20 willing<BR>> > to live with these risks = if the=20 company is top notch. I don't see the <BR>> =20 low<BR>> > vol breakout as much of a = risk; at=20 least I would be making money. If <BR>> =20 the<BR>> > company, chart and GRS are = good then=20 I would hold the low vol BO with a <BR>> = > =20 shallow s/l order in place. I guess then I would be an = "aggressive=20 <BR>> value<BR>> > =20 investor". Additionally, this may be the only way to buy the = flat base=20 <BR>> or<BR>> > LLUR; = they seem=20 to often shoot up out of their pattern quickly.<BR>> =20 > ><BR>> > = > =20 disclaimer: I'm an amateur with much less experience than most=20 :-)<BR>> > ><BR>> =20 > > Norm<BR>> = > =20 ><BR>> > > ----- = Original=20 Message -----<BR>> > > = From:=20 "Katherine Malm" <<A=20 = href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>><BR>>&n= bsp; =20 > > To: <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>> =20 > > Sent: Saturday, December 08, 2001 = 11:44=20 PM<BR>> > > Subject: Re:=20 [CANSLIM] Another Question: Beakouts ...<BR>> = > =20 ><BR>> > ><BR>> =20 > > > Hi Andreas,<BR>> = > > ><BR>> = > =20 > > > And then you wait all day until they = breakout? So=20 Canslim can <BR>> only<BR>> = > be=20 done<BR>> > > > by = people=20 who<BR>> > > > > do = this=20 full time?<BR>> > > > = >=20 Even a Stop buy does not work because you do not know if the=20 <BR>> volume<BR>> > is=20 at<BR>> > > > least = 50% higher=20 then<BR>> > > > >=20 average.<BR>> > > =20 ><BR>> > > > Option = 1: If=20 you are trading full time, but don't want to sit at = <BR>> =20 the<BR>> > > > = computer all=20 day and watch the quote screen, use trading software = <BR>> =20 > that<BR>> > = > =20 > allows you to set audible alarms when the stock on your=20 wishlist<BR>> > = meets<BR>> =20 > > > certain price and/or volume = criteria. I=20 do this with Schwab's<BR>> > =20 Streetsmart<BR>> > > > = Pro. At=20 the beginning of each trading day, I update my alarms = <BR>> =20 based<BR>> > on my<BR>> =20 > > > strategy for the day. If the = alarms go=20 off, I look at the screen. <BR>> If<BR>> = > they<BR>> > = > =20 > don't, I don't have to watch at all.<BR>> = > =20 > ><BR>> > = > =20 > Option 2: Use a service that sends these alarms to your pager=20 or<BR>> > digital<BR>> =20 > > > phone. Many brokerages offer = this=20 option. If your employer has no <BR>> > =20 problem<BR>> > > > = with you=20 placing trades during your work day, this works well. = <BR>> =20 Ext<BR>> > = rapolating<BR>> =20 > > > volume intraday will give a = feel as to=20 breakout potential.<BR>> > = > =20 ><BR>> > > > Option = 3: If=20 you are working at a job other than trading and do = <BR>> =20 not<BR>> > or<BR>> =20 > > > cannot trade during market = hours, using=20 a buy-stop-limit is the <BR>> only<BR>> =20 > way to<BR>> > = > =20 > make entries at the time of the first breakout=20 attempt.<BR>> > Unfortunately,=20 these<BR>> > > > are = not=20 volume dependent, as you noted. If you are convinced that = <BR>> =20 > this is a<BR>> > =20 > > stock worth owning, you set up the trade and see = what=20 happens. If <BR>> you<BR>> = > =20 can<BR>> > > > check = volume at=20 lunchtime, that may help you assess whether or <BR>> = not=20 to<BR>> > cancel<BR>> =20 > > > the order if it has not yet = executed.=20 If the buy was executed <BR>> = during<BR>> =20 > the day<BR>> > = > =20 > but on your end-of-day review you see that the appropriate=20 <BR>> minimum<BR>> > =20 volume<BR>> > > > was = not met,=20 sell it the next day. Plain and simple. Cost of <BR>> =20 doing<BR>> > = business.<BR>> =20 > > > While a stock breaking out on = below=20 average volume may not<BR>> > = necessarily=20 fail,<BR>> > > > the=20 *probability* of failure is higher. That's reason enough to=20 <BR>> exit<BR>> > =20 the<BR>> > > >=20 trade.<BR>> > > =20 ><BR>> > > > Option = 4: If=20 the stock broke out but finished the day within 5% = <BR>> =20 of<BR>> > the<BR>> =20 > > > pivot, place a limit order for = the=20 open. If you get it, fine. If <BR>> = you<BR>> =20 > don't,<BR>> > = > =20 > well there's 9,999 other stocks in the = universe.<BR>> =20 > > ><BR>> = > =20 > > Katherine<BR>> > =20 > ><BR>> > = > =20 ><BR>> > > =20 ><BR>> > > =20 ><BR>> > > > ----- = Original=20 Message -----<BR>> > > = > From:=20 "Andreas Himmelreich" <<A=20 = href=3D"mailto:judgejimmy@web.de">judgejimmy@web.de</A>><BR>> = =20 > > > To: <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>> =20 > > > Sent: Saturday, December 08, = 2001 9:55=20 PM<BR>> > > > Subject: = [CANSLIM] Another Question: Beakouts ...<BR>> = > =20 > ><BR>> > = > =20 ><BR>> > > > > = How do=20 you spot breakouts?<BR>> > = > >=20 ><BR>> > > > > = OK, I=20 have a watchlist on stocks that are fundamentally = and<BR>> =20 > technically<BR>> > =20 > > interesting.<BR>> = > =20 > > > And then you wait all day until they = breakout? So=20 Canslim can <BR>> only<BR>> = > be=20 done<BR>> > > > by = people=20 who<BR>> > > > > do = this=20 full time?<BR>> > > >=20 ><BR>> > > > > = Even a=20 Stop buy does not work because you do not know if = the<BR>> =20 > volumne is at<BR>> > =20 > > least 50% higher then<BR>> =20 > > > > = average.<BR>> =20 > > > ><BR>> =20 > > > > Alternative is to buy on = the=20 second day of the breakout, but <BR>> = this<BR>> =20 > should<BR>> > = > =20 > only be done if<BR>> > = > =20 > > the price is not higher then 10% above the pivot? A lot=20 of<BR>> > breakouts = do<BR>> =20 > > > 10% and more on = the<BR>> =20 > > > > breakout = day.<BR>> =20 > > > ><BR>> =20 > > > > So how do you do=20 this?<BR>> > > =20 ><BR>> > > =20 ><BR>> > > >=20 -<BR>> > > > -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > > > -In the email body, write = "subscribe=20 canslim" or<BR>> > > > = -"unsubscribe canslim". Do not use quotes in your=20 email.<BR>> > > =20 ><BR>> > > =20 ><BR>> > > << Datei:=20 ATT00013.htm >><BR>> ><BR>> =20 > -<BR>> > -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 > -In the email body, write "subscribe canslim"=20 or<BR>> > -"unsubscribe canslim". = Do not=20 use quotes in your email.<BR>> ><BR>> = > << Datei: ATT00000.htm >> <BR>> = <BR>> =20 -<BR>> -To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 -In the email body, write "subscribe canslim" or<BR>> =20 -"unsubscribe canslim". Do not use quotes in your email.<BR>> = <BR>> << Datei: ATT00019.htm >> <BR><BR>-<BR>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_001C_01C18146.9ACE7500-- - - - -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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