RE: [CANSLIM] Club

From: Chris Dempsey <cdempsey@houston.oilfield.slb.com>
Subject: RE: [CANSLIM] Club
Date: Fri, 04 Jan 2002 06:37:17 -0600

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Please tell us about your club.
  -----Original Message-----
  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of RWElmer@aol.com
  Sent: Friday, January 04, 2002 1:12 AM
  To: canslim@lists.xmission.com
  Subject: Re: AW: [CANSLIM] FIC


  Andreas,

  Thanks for your observations regarding stops on FIC. Our Club actually
does use mental stops of 10% but does not sell based on interday activity.
If a stock closes more than 10% down, we sell the next day. The problem was
the price action took the stock way beneath that stop today. We'll be
selling in the morning. I'm sure that this will spark the thought of using
physical stops as opposed to mental ones. I have tested it many times both
ways and find decisions based on closing prices suits our Club's style
better. I've also noticed that interday volitility has taken me out on
physical stops, during my backtests, more often then using the 10% closing
rule has. I would say that both methods are perfectly vaild as long as they
are adhered to. I fully agree that it takes the emotions out of the
decision. The emotions in the losses are still there, however.

  In any event, thanks for the thoughts as I'll consider other points of
view anytime!

  Robert W. Elmer
  Coldwell Banker First Shasta
  2837 Bechelli Ln.
  Redding, CA 96002
  RWElmer@aol.com
  221-9556 or 1-800-348-7939 ext.156
  www.robertelmer.com

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<DIV><FONT face=Arial color=#0000ff size=2><SPAN class=450073612-04012002>Please 
tell us about your club.</SPAN></FONT></DIV>
<BLOCKQUOTE>
  <DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma 
  size=2>-----Original Message-----<BR><B>From:</B> 
  owner-canslim@lists.xmission.com 
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of 
  </B>RWElmer@aol.com<BR><B>Sent:</B> Friday, January 04, 2002 1:12 
  AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: AW: 
  [CANSLIM] FIC<BR><BR></FONT></DIV><FONT face=arial,helvetica><FONT 
  size=2>Andreas, <BR><BR>Thanks for your observations regarding stops on FIC. 
  Our Club actually does use mental stops of 10% but does not sell based on 
  interday activity. If a stock closes more than 10% down, we sell the next day. 
  The problem was the price action took the stock way beneath that stop today. 
  We'll be selling in the morning. I'm sure that this will spark the thought of 
  using physical stops as opposed to mental ones. I have tested it many times 
  both ways and find decisions based on closing prices suits our Club's style 
  better. I've also noticed that interday volitility has taken me out on 
  physical stops, during my backtests, more often then using the 10% closing 
  rule has. I would say that both methods are perfectly vaild as long as they 
  are adhered to. I fully agree that it takes the emotions out of the decision. 
  The emotions in the losses are still there, however. <BR><BR>In any event, 
  thanks for the thoughts as I'll consider other points of view anytime! 
  <BR><BR><B>Robert W. Elmer <BR>Coldwell Banker First Shasta <BR>2837 Bechelli 
  Ln. <BR>Redding, CA 96002</B> <BR></FONT><FONT lang=0 face=Arial color=#0080ff 
  size=2 FAMILY="SANSSERIF"><B>RWElmer@aol.com</FONT><FONT lang=0 face=Arial 
  color=#000000 size=2 FAMILY="SANSSERIF"></B> <BR></FONT><FONT lang=0 
  face=Arial color=#0000ff size=2 FAMILY="SANSSERIF"><B>221-9556 or 
  1-800-348-7939 ext.156</FONT><FONT lang=0 face=Arial color=#000000 size=2 
  FAMILY="SANSSERIF"></B> <BR></FONT><FONT lang=0 face=Arial color=#800080 
  size=2 FAMILY="SANSSERIF"><B>www.robertelmer.com</B></FONT> 
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