Go to Jeff Salisbury LWGate Home Page.From: Warren Keuffel <wkeuffel@xmission.com>
Subject: Re: [CANSLIM] stacking the odds in my favor-buying before the pivot point
Date: Fri, 21 Dec 2001 07:47:29 -0700
Previous Article (by Author): RE: [CANSLIM] Which software is best? "Tangen, Eric"
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Katherine, This is the Theory, and it is Good. But in Practice, being able to identify the B/O and get in before it is too extended is where the rubber really meets the road. Hence, I am starting to favor an earlier entry (and I believe Tom mentioned that he does this as well) because IMHO only those glued to their screens all day long, with sophisticated alarms, etc. can react quickly enough to act at the ideal entry point. Maybe it's not as hard as I make it out to be, but I have not had many successes with ideal entry points, and I work from home so am seldom far from my computer. How about you? Are you able to repeatably time your entries optimally? Warren Katherine Malm wrote: <snip> > (1) The idea behind waiting for a good stock to form a solid base and > then break out on volume is to identify that magical point at which > Demand outstrips Supply and Price is pushed higher--essentially the > old Supply/Demand curve from economics class. Assuming the lion's > share of sellers have been exhausted and the stock is one that people > would wish to own, the theory is that any additional demand for the > stock will push the price further. In order for the Price to continue > on, the underlying fundamentals that create value in the company have > got to be sound. So from this point of view, waiting for the B/O is > stacking the odds in your favor. <snip> - - - -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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