Go to Jeff Salisbury LWGate Home Page.From: "david frank" <camelot.homes@charter.net>
Subject: Re: [CANSLIM] cut your loses
Date: Fri, 18 Jan 2002 15:22:12 -0600
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katherine, my posting is really outdated-i sent it on wednesday morning. =
thank you for your post analysis on PECS, MCAF and DYII-truly the =
confessions of a canslimer-honest,interesting and important. i got in =
KKD the morning of 11-14-02 instead of PECS although i wanted in PECS =
too, but they broke out at about the same time. of course, PECS was the =
far better stock-although i took a quick profit in KKD. yes, this is a =
very choppy market and the pigs will not survive. david
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Friday, January 18, 2002 1:12 PM
Subject: Re: [CANSLIM] cut your loses
Good point you're making, David. When the market is still iffy and =
transitioning bear to bull as it is, good stocks will get a run going, =
but we have to pay sharp attention to sell rules in order to capture =
profits on the move before the stocks turn tail and start over. Sticking =
with high quality stocks breaking out of well formed bases will also =
prevent us from even getting *into* stocks that could trigger a =
potential stop loss, however small. I think the remainder of the quarter =
will be choppy at best, so finding stocks "proving themselves" *before* =
the breakout and continuing to prove themselves on the way up is going =
to be quite a challenge.
Katherine
----- Original Message -----=20
From: david frank=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, January 16, 2002 1:51 PM
Subject: [CANSLIM] cut your loses
use to be a old saying in the 1970s when i traded commodities-to let =
your profits run and cut your loses short. when i married my wife in =
1980-i told her i loved small loses-when i got out of losing positions. =
she thought i was crazy. but now many years later we have everything we =
need and she understands. even the great one-WON-said recently in =
Dallas, Tx, that he dislikes all stocks-that they have to prove =
themselves. you can't show many stocks that have proved themselves in =
this market. david
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>katherine, my posting is really =
outdated-i sent it=20
on wednesday morning. thank you for your post analysis on PECS, MCAF and =
DYII-truly the confessions of a canslimer-honest,interesting and =
important. i=20
got in KKD the morning of 11-14-02 instead of PECS although i wanted in =
PECS=20
too, but they broke out at about the same time. of course, PECS was the =
far=20
better stock-although i took a quick profit in KKD. yes, this is a =
very=20
choppy market and the pigs will not survive. david</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, January 18, 2002 =
1:12=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] cut your =
loses</DIV>
<DIV><BR></DIV>
<DIV>Good point you're making, David. When the market is still iffy =
and=20
transitioning bear to bull as it is, good stocks will get a run going, =
but we=20
have to pay sharp attention to sell rules in order to capture profits =
on the=20
move before the stocks turn tail and start over. Sticking with high =
quality=20
stocks breaking out of well formed bases will also prevent us from =
even=20
getting *into* stocks that could trigger a potential stop =
loss,=20
however small. I think the remainder of the quarter will be choppy at =
best, so=20
finding stocks "proving themselves" *before* the breakout and =
continuing to=20
prove themselves on the way up is going to be quite a challenge.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dcamelot.homes@charter.net=20
href=3D"mailto:camelot.homes@charter.net">david frank</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, January 16, =
2002 1:51=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] cut your =
loses</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>use to be a old saying in =
the 1970s when i=20
traded commodities-to let your profits run and cut your loses short. =
when i=20
married my wife in 1980-i told her i loved small loses-when i got =
out of=20
losing positions. she thought i was crazy. but now many years later =
we have=20
everything we need and she understands. even the great one-WON-said =
recently=20
in Dallas, Tx, that he dislikes all stocks-that they have to prove=20
themselves. you can't show many stocks that have proved themselves =
in this=20
market. david</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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