Go to Jeff Salisbury LWGate Home Page.From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] GAIA
Date: Thu, 3 Jan 2002 11:34:59 +0100
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Neal, IG --> Industry Group. The Software I use is http://beta.dailygraphs.com/member/IndGroups/default.asp?x=&RP=V See you Andreas > -----Ursprungliche Nachricht----- > Von: Neal Frankle [SMTP:nfrankle@pacbell.net] > Gesendet am: Thursday, January 03, 2002 1:55 AM > An: canslim@lists.xmission.com > Betreff: RE: [CANSLIM] GAIA > > What is this IG you refer to? Sorry...did I miss something? Andreas,,,,are > you using some other system or software? > > Thanks, > Neal > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Andreas Himmelreich > Sent: Tuesday, January 01, 2002 3:37 PM > To: 'canslim@lists.xmission.com' > Subject: AW: [CANSLIM] GAIA > > Tom, > > I am not concerned, my SL is very tight and the IG Trend is up, so I belive > there is a good > chance that the BO will work. > > I am not good in calculating pivot points, the whole entry strategy of > Oneil just does not work > for me and a 50/50 chance is not good enough for me. > > What I am trying to do is to get in before the breakout. If I miss it I > still consider > to go in (as with GAIA), but that depends on how strong the industry trend > is. > > What determines if a breakout works or not? I bet on the Industry Group > Trend (and what I did backtest > so far looks good enough for me, so that I try this now). > > So I do not use the rule that if you miss a breakout 10% above Pivot, that > you should not go in. > > The Industry Group Chart that gave a buy signal on 12/27, which > I was not reacting to, because I had some other unfortunate private things > to do. > > (A buy signal of an Industry Group is for me: Price breaks out of a > consolidation area, > RS and Price of the Group is in a clear uptrend and I apply chart patterns > that are known from individual stocks > to the group, furthermore RS of the IG should be above 80, better 90) > > I completly changed my strategy, I only look from top down (Market --> > Industry Group --> Stock). > A IG sets up a bull market for its members, that can even go against the > whole market. Oil and Medical > Stocks had great returns in 2000 or 2001. From where did TARO come? > > When a IG gives me a signal, I simply look up the stocks that look > fundamentally and technically good (applying > Canslim Criteria). > > Example FDS --> > > FDS seems fundamentally to be OK, RS is a litle weak, but 70 is still OK > for me because the IG Strength is above 80. > > Now the important part: > > Industry Group is in a good uptrend, RS is 85, RS and price make new highs > almost every day. > Chart of FDS has a real nice Flag and I can go in very agressivly with a > real tight stop (I try to get in tomorow for 35 and the SL will be around > 34). and simply wait for a breakout. > > I can use margin on my account (due to the tighter stop loss) and can so > spread my bets to 8 - 10 Stocks. > I am not sure how long I will wait, but so fare it never took longer then a > week to be stoped out or to be > in before the BO. > > Since I use this strategy I have some promising results and my portfolio is > doing great during downdays of the market. > I got in SIDE (before), ROOM (well before), RSC (before), FHRX (after > breakout, because I liked the IG Trend), RYL (After). > > Even better, I use it also for selling: > ECTX and UTSI got out (with a win) after I saw that the IG is not ready yet > (Its still basing). > > > I know this is not all sound and not yet backtestet, but something tells me > that I should try this. > > See you > > Andreas > > > > > > > > -----Ursprungliche Nachricht----- > > Von: Tom Worley [SMTP:stkguru@netside.net] > > Gesendet am: Tuesday, January 01, 2002 2:40 AM > > An: canslim@lists.xmission.com > > Betreff: Re: [CANSLIM] GAIA > > > > Andreas, you got your gap up, but I would be concerned about it closing > > almost at the low of the day on very heavy volume (what Katherine calls a > > tail). I also would be interested in you explaining how you selected > your > > pivot or entry point, as I do not see a good one (other than the base it > > built between 15 and 16.50). > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > ----- Original Message ----- > > From: "Andreas Himmelreich" <judgejimmy@web.de> > > To: <canslim@lists.xmission.com> > > Sent: Monday, December 31, 2001 8:49 AM > > Subject: [CANSLIM] GAIA > > > > > > > GAIA Broke out on Friday > > > > > > CWH (Weekly Chart) > > > Industry Group is in a very good uptrend (Price and Relative Strength) > > > > > > Pros --> > > > > > > High RS of Industry Group (97), RS 88, EPS 98, Acc Diss A, SMR A, > Timeless > > > A, Shares 8.4 Million (1.8 Million Free Float), MGM Ownership 78%, > > > 12 Funds are invested, 4 more then in June, ROI 16%, Dept 31% (not to > high > > > for a retail comp) > > > Accelarating Sales. Business Model seems to me very interesting > > > (Environmental Lifestile stuff, Scalable through the web) > > > > > > Cons --> > > > > > > New CFO, Institutions are in big time (over 70% Institutions, I know > the > > > numbers do not add up, > > > I guess they have 70% the remaining 22% (100 - 78 (MGM Ownership) = > 22%). > > > So if the institutions sell, price goes down > > > fast. > > > > > > I will get in today if there is a gap up today. I will wait if the open > is > > > flat. > > > > > > See you > > > > > > Andreas > > > > > > > > > > > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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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