Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM]"Rubberband Sell Rule"
Date: Tue, 11 Dec 2001 22:11:11 -0600
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Tom,
I always use a valid base to do the measure. The only recent valid base =
is a cup from $20.05 on 8/30 to a low of $8.49 9/21 to a B/O on 11/6 at =
2x ADV.
That means at today's close price of $27.50, we have
224% above BL $8.49 and
32% above 50dMA $20.88 and
77% above 200dMA $15.58
Possible sell triggered.
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, December 11, 2001 11:13 PM
Subject: Re: [CANSLIM]"Rubberband Sell Rule"
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
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<DIV><FONT face=3DArial size=3D2>Tom,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I always use a valid base to do the =
measure. The=20
only recent valid base is a cup from $20.05 on 8/30 to a low of $8.49 =
9/21 to a=20
B/O on 11/6 at 2x ADV.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>That means at today's close price of =
$27.50, we=20
have</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>224% above BL $8.49 and</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>32% above 50dMA $20.88 and</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>77% above 200dMA $15.58</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Possible sell triggered.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Katherine</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dstkguru@netside.net href=3D"mailto:stkguru@netside.net">Tom =
Worley</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, December 11, =
2001 11:13=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: =
[CANSLIM]"Rubberband Sell=20
Rule"</DIV>
<DIV><BR></DIV>
<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=20
short base just under 20, then it's up about 140% depending on the =
exact price=20
you use. On the other hand, if you use the more recent and longer=20
consolidation it did around / over $25 (now in its 5th week), then =
this=20
criteria is not 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"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-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 title=3Dbtriffet@earthlink.net =
href=3D"mailto:btriffet@earthlink.net">Bill=20
Triffet</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, December 12, =
2001=20
12:01 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=20
to write a book together! : ) I'm<BR>amazed at the wealth of =
information=20
I've seen here in the past few weeks.<BR>Really great =
stuff.<BR><BR>Looks=20
like ALLY has just made the "rubber band" criteria. Will be a=20
good<BR>eductional study to follow its actions.<BR><BR>-Bill=20
Triffet<BR><BR>----- Original Message -----<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=20
you 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=20
the price<BR>can fall 15-25%:<BR>(1) >125% above the recent base =
low=20
AND<BR>(2) >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></BLOCKQUOTE></BODY></HTML>
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Next Article (by Author): Re: [CANSLIM] Filter Criteria "Patrick Wahl"
Previous Article (by Author): Re: [CANSLIM]"Rubberband Sell Rule" "Katherine Malm"
Top of Thread: Re: [CANSLIM]"Rubberband Sell Rule" "Bill Triffet"
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