Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM]"Rubberband Sell Rule"
Date: Wed, 12 Dec 2001 00:13:52 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_000D_01C182A1.E1B278C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Bill and Katherine, Where do you peg the "recent base low"?? If you use the short base just = under 20, then it's up about 140% depending on the exact price you use. = On the other hand, if you use the more recent and longer consolidation = it did around / over $25 (now in its 5th week), then this criteria is = not satisfied, and the test fails on this count. P.S. Shhsssshhh, if IBD thinks we have too much knowledge here, then = they're liable to give out the address, and we will be swamped with = newbies. Another form of the IBD curse!! Not that I don't welcome = newcomers here, in fact they typically bring in fresh perspective, = ideas, and challenges to the stodgy thinking of members like me (once we = get them over their shyness about posting). Just gotta take them in = moderation, not volume. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, December 12, 2001 12:01 AM Subject: Re: [CANSLIM]"Rubberband Sell Rule" Katherine, Really enjoy your posts. You and Tom ought to write a book together! : = ) I'm amazed at the wealth of information I've seen here in the past few = weeks. Really great stuff. Looks like ALLY has just made the "rubber band" criteria. Will be a = good eductional study to follow its actions. -Bill Triffet ----- Original Message ----- From: "Katherine Malm" <kmalm@earthlink.net> To: <canslim@lists.xmission.com> Sent: Tuesday, December 11, 2001 6:50 PM Subject: Re: [CANSLIM]"Rubberband Sell Rule" Hi John, The original discussion of this came up on the AZO thread, then again = on "PECS & the Rubberband sell rule" if you want to get more of the = discussion. But the criteria for the rule is: If all three of these criteria are met, be prepared to sell, as the = price can fall 15-25%: (1) >125% above the recent base low AND (2) >70% above the 200 day MA AND (3) >25% above the 50 day MA. This is an enhancement to WON's "may want to sell if the stock is 70%+ = above the 200 day MA." It's really just about quantifying the degree of = extension from its base and moving averages and the likelihood that short term = players will be taking profits. Hope that helps! Katherine - -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_000D_01C182A1.E1B278C0 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>Bill and Katherine,</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>Where do you peg the "recent base low"?? If you use = the short=20 base just under 20, then it's up about 140% depending on the exact price = you=20 use. On the other hand, if you use the more recent and longer = consolidation it=20 did around / over $25 (now in its 5th week), then this criteria is not=20 satisfied, and the test fails on this count.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>P.S. Shhsssshhh, if IBD thinks we have too much = knowledge=20 here, then they're liable to give out the address, and we will be = swamped with=20 newbies. Another form of the IBD curse!! Not that I don't welcome=20 newcomers here, in fact they typically bring in fresh perspective, = ideas, and=20 challenges to the stodgy thinking of members like me (once we get them = over=20 their shyness about posting). Just gotta take them in moderation, not=20 volume.</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:btriffet@earthlink.net" = title=3Dbtriffet@earthlink.net>Bill=20 Triffet</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> Wednesday, December 12, = 2001 12:01=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: = [CANSLIM]"Rubberband Sell=20 Rule"</DIV> <DIV><BR></DIV>Katherine,<BR><BR>Really enjoy your posts. You and Tom = ought to=20 write a book together! : ) I'm<BR>amazed at the wealth of information = I've=20 seen here in the past few weeks.<BR>Really great stuff.<BR><BR>Looks = like ALLY=20 has just made the "rubber band" criteria. Will be a good<BR>eductional = study=20 to follow its actions.<BR><BR>-Bill Triffet<BR><BR>----- Original = Message=20 -----<BR>From: "Katherine Malm" <<A=20 href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>><BR>To: = <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>Sent:=20 Tuesday, December 11, 2001 6:50 PM<BR>Subject: Re: = [CANSLIM]"Rubberband Sell=20 Rule"<BR><BR><BR>Hi John,<BR><BR>The original discussion of this came = up on=20 the AZO thread, then again on<BR>"PECS & the Rubberband sell rule" = if you=20 want to get more of the discussion.<BR><BR>But the criteria for the = rule=20 is:<BR><BR>If all three of these criteria are met, be prepared to = sell, as the=20 price<BR>can fall 15-25%:<BR>(1) >125% above the recent base low = AND<BR>(2)=20 >70% above the 200 day MA AND<BR>(3) >25% above the 50 day=20 MA.<BR><BR>This is an enhancement to WON's "may want to sell if the = stock is=20 70%+ above<BR>the 200 day MA." It's really just about quantifying the = degree=20 of extension<BR>from its base and moving averages and the likelihood = that=20 short term players<BR>will be taking profits.<BR><BR>Hope that=20 helps!<BR><BR>Katherine<BR><BR><BR><BR><BR>-<BR>-To = subscribe/unsubscribe,=20 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_000D_01C182A1.E1B278C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] breakouts - return to base "Tom Worley"
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