Re: [CANSLIM]"Rubberband Sell Rule"

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM]"Rubberband Sell Rule"
Date: Tue, 11 Dec 2001 21:01:38 -0800

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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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