Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Belated Welcome
Date: Mon, 18 Feb 2002 09:52:31 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_006D_01C1B861.FBB3FD20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Gary, Probably not a single person here who hasn't had *exactly* the same = experience at one time or another. Welcome to the group :)))) One thing I discovered early in 2000 was that the great Bull had been = masking a whole raft of sloppy selling habits on my part. My first step = was to "get honest" about what I had and had not been doing by going = back and doing a fresh post analysis on several years' worth of trades. = The next thing I did was to write down a checklist of sell rules (which = I have continued to refine). Last step was to build into my daily = routine a task that forces me to step through each sell rule on each = position one by one like a pilot before take-off.* This has made a world = of difference to me. Katherine *OKAY, list....you know I lost focus and didn't do this mid-January and = you *know* what happened to MCAF!!! ----- Original Message -----=20 From: Gary A. Snyder=20 To: canslim@lists.xmission.com=20 Sent: Monday, February 18, 2002 1:50 AM Subject: Re: [CANSLIM] Belated Welcome Major error in judgment in moment of confidence or greed. Had my eye = on this=20 stock because of the fundamentals( example profit margin 49%), best in = group=20 per IBD, earning estimates excellent, upward price movement on the = chart,=20 earning and sales increasing, profit margin decreasing from 50% to 46% = and I=20 put a little note to wait until after Q report given sell offs in this = market even on good reports. So report comes out- beat street by 7 = cents,=20 gives guidance of increased estimate for next quarter and year. I = read, I=20 like. Market opens stock price starts up I buy too much, stock ends = day down=20 about 3.5%. I can not believe- market wrong, I'm right- just a minor = sell=20 off. Belated news about unknown analyst (to me) downgrading the stock=20 because 8.8 million was changed from 90 day debt vehicle to 4 year = loan.=20 Very telling blow in retrospect. In other words company having trouble = getting paid on time. Oh did I say down 15% that next day? Now I go = into=20 lockup mode like rabbit sitting in middle of expressway. I do remember = Barrons article over weekend bringing up old news as they are wont to = do (I=20 had subscription to Barrons and hate that weekly even more now) = Trashing the=20 company was the last kick that brought ACRT down 45% in one day. So = here I=20 am: IBD ratings only a memory, down 55%. Barrons article packed the = big=20 punch but analysis very much more to the point. Like the rabbit I'm = thinking=20 about getting off the highway. Too early to learn from experience, = thing=20 that nags at me is I'm making the same mistakes over and over. I can = feel=20 fear but I can't tell if I am doing something greedy until after the = fact.=20 Oh by the way you will find me a very open and honest person. gas175k >From: "Tom Worley" <stkguru@netside.net> >Reply-To: canslim@lists.xmission.com >To: <canslim@lists.xmission.com> >Subject: Re: [CANSLIM] Belated Welcome >Date: Sun, 17 Feb 2002 12:14:48 -0500 > >Gary, dare I ask what you are doing in ACRT? Looks like the classic = falling >knife to me on the chart. > >I have been hit with unexplainable reversals lately, hopefully just a >symptom of this uncertain market. > >Tom Worley >stkguru@netside.net >AIM: TexWorley >----- Original Message ----- >From: "Gary A. Snyder" <gas175k@hotmail.com> >To: <canslim@lists.xmission.com> >Sent: Sunday, February 17, 2002 11:24 AM >Subject: [CANSLIM] Belated Welcome > > > > > > > > Gang: > > Wow, thanks for the response. I am going to read and think about = these > > e-mails. I just entered this chat line and was getting a lot of >corrections > > because I was sending to majordomo. Also sent a welcome email to = him. >Course > > he don't give a darn, just gave me lot of error messages. > > As Won says stocks seem to run (as in go up) together. > > Don't some of these preachy tutorials in "Investor's Corner" give = you a >pain > > especially when the example does not qualify under WON teachings? = I=20 >still > > read it every day. he he. > > Im saving everything Tom Worsley says: 75% speaks for itself. > > Currently I am very humble having got hit by a freight train with = the >symbol > > ACRT. > > I think that no one approach works all the time. A system that = works in >this > > environment of trading in a range and sector rotation does not = work as >well > > as another approach in a bull market where strong industrial = groups stay > > high in the rating system for extended periods of time. Industrial = >groups > > strong in a bear market such as defensive groups like Funeral = Homes=20 >(talk > > about sick), food/meat products( would you believe it) tank when = the >market > > thinks the economy has turned the corner. > > I want to stay ahead of the curve. > > Hope I can add to the common knowledge in a meaningful way. Always = open=20 >to > > learn so have been reading the traffic the last week even though I >couldn't > > make contact. Till next time: gas175k > > > > > > > > > > > > > > > > > > > > > > > > _________________________________________________________________ > > Chat with friends online, try MSN Messenger: = http://messenger.msn.com > > > > > > - > > -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. _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_006D_01C1B861.FBB3FD20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4807.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Gary,</DIV> <DIV> </DIV> <DIV>Probably not a single person here who hasn't had *exactly* the same = experience at one time or another. Welcome to the group :))))</DIV> <DIV> </DIV> <DIV>One thing I discovered early in 2000 was that the great Bull had = been=20 masking a whole raft of sloppy selling habits on my part. My first step = was to=20 "get honest" about what I had and had not been doing by going back and = doing a=20 fresh post analysis on several years' worth of trades. The next thing I = did was=20 to write down a checklist of sell rules (which I have continued to = refine). Last=20 step was to build into my daily routine a task that forces me to step = through=20 each sell rule on each position one by one like a pilot before = take-off.* This=20 has made a world of difference to me.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <DIV> </DIV> <DIV>*OKAY, list....you know I lost focus and didn't do this mid-January = and you=20 *know* what happened to MCAF!!!</DIV> <BLOCKQUOTE=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=3Dgas175k@hotmail.com = href=3D"mailto:gas175k@hotmail.com">Gary A.=20 Snyder</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> Monday, February 18, 2002 = 1:50=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Belated=20 Welcome</DIV> <DIV><BR></DIV><BR><BR><BR><BR>Major error in judgment in moment of = confidence=20 or greed. Had my eye on this <BR>stock because of the fundamentals( = example=20 profit margin 49%), best in group <BR>per IBD, earning estimates = excellent,=20 upward price movement on the chart, <BR>earning and sales increasing, = profit=20 margin decreasing from 50% to 46% and I <BR>put a little note to wait = until=20 after Q report given sell offs in this <BR>market even on good = reports. So=20 report comes out- beat street by 7 cents, <BR>gives guidance of = increased=20 estimate for next quarter and year. I read, I <BR>like. Market opens = stock=20 price starts up I buy too much, stock ends day down <BR>about 3.5%. I = can not=20 believe- market wrong, I'm right- just a minor sell <BR>off. Belated = news=20 about unknown analyst (to me) downgrading the stock <BR>because 8.8 = million=20 was changed from 90 day debt vehicle to 4 year loan. <BR>Very telling = blow in=20 retrospect. In other words company having trouble <BR>getting paid on = time. Oh=20 did I say down 15% that next day? Now I go into <BR>lockup mode = like=20 rabbit sitting in middle of expressway. I do remember <BR>Barrons = article over=20 weekend bringing up old news as they are wont to do (I <BR>had = subscription to=20 Barrons and hate that weekly even more now) Trashing the <BR>company = was the=20 last kick that brought ACRT down 45% in one day. So here I <BR>am: IBD = ratings=20 only a memory, down 55%. Barrons article packed the big <BR>punch but = analysis=20 very much more to the point. Like the rabbit I'm thinking <BR>about = getting=20 off the highway. Too early to learn from experience, thing <BR>that = nags at me=20 is I'm making the same mistakes over and over. I can feel <BR>fear but = I can't=20 tell if I am doing something greedy until after the fact. <BR>Oh by = the way=20 you will find me a very open and honest person. =20 gas175k<BR><BR><BR>>From: "Tom Worley" <<A=20 = href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A>><BR>>Re= ply-To:=20 <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>To:=20 <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>>Subject:=20 Re: [CANSLIM] Belated Welcome<BR>>Date: Sun, 17 Feb 2002 12:14:48=20 -0500<BR>><BR>>Gary, dare I ask what you are doing in ACRT? = Looks like=20 the classic falling<BR>>knife to me on the chart.<BR>><BR>>I = have=20 been hit with unexplainable reversals lately, hopefully just = a<BR>>symptom=20 of this uncertain market.<BR>><BR>>Tom=20 Worley<BR>>stkguru@netside.net<BR>>AIM: TexWorley<BR>>----- = Original=20 Message -----<BR>>From: "Gary A. Snyder" <<A=20 = href=3D"mailto:gas175k@hotmail.com">gas175k@hotmail.com</A>><BR>>To= :=20 <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>>Sent:=20 Sunday, February 17, 2002 11:24 AM<BR>>Subject: [CANSLIM] Belated=20 Welcome<BR>><BR>><BR>> ><BR>> ><BR>> > = Gang:<BR>>=20 > Wow, thanks for the response. I am going to read and think about=20 these<BR>> > e-mails. I just entered this chat line and was = getting a=20 lot of<BR>>corrections<BR>> > because I was sending to = majordomo.=20 Also sent a welcome email to him.<BR>>Course<BR>> > he don't = give a=20 darn, just gave me lot of error messages.<BR>> > As Won says = stocks seem=20 to run (as in go up) together.<BR>> > Don't some of these = preachy=20 tutorials in "Investor's Corner" give you a<BR>>pain<BR>> >=20 especially when the example does not qualify under WON teachings? I=20 <BR>>still<BR>> > read it every day. he he.<BR>> > Im = saving=20 everything Tom Worsley says: 75% speaks for itself.<BR>> > = Currently I=20 am very humble having got hit by a freight train with=20 the<BR>>symbol<BR>> > ACRT.<BR>> > I think that no one = approach=20 works all the time. A system that works in<BR>>this<BR>> >=20 environment of trading in a range and sector rotation does not work=20 as<BR>>well<BR>> > as another approach in a bull market where = strong=20 industrial groups stay<BR>> > high in the rating system for = extended=20 periods of time. Industrial <BR>>groups<BR>> > strong in a = bear=20 market such as defensive groups like Funeral Homes = <BR>>(talk<BR>> >=20 about sick), food/meat products( would you believe it) tank when=20 the<BR>>market<BR>> > thinks the economy has turned the=20 corner.<BR>> > I want to stay ahead of the = curve.<BR>>=20 > Hope I can add to the common knowledge in a meaningful way. = Always open=20 <BR>>to<BR>> > learn so have been reading the traffic the = last week=20 even though I<BR>>couldn't<BR>> > make contact. Till next = time:=20 gas175k<BR>> ><BR>> ><BR>> ><BR>> ><BR>>=20 ><BR>> ><BR>> ><BR>> ><BR>> ><BR>> = ><BR>>=20 ><BR>> >=20 = _________________________________________________________________<BR>>= >=20 Chat with friends online, try MSN Messenger: <A=20 href=3D"http://messenger.msn.com">http://messenger.msn.com</A><BR>> = ><BR>> ><BR>> > -<BR>> > -To = subscribe/unsubscribe, email=20 "<A = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ;=20 > -In the email body, write "subscribe canslim" or<BR>> >=20 -"unsubscribe canslim". Do not use quotes in your email.<BR>> = ><BR>> ><BR>><BR>><BR>><BR>>-<BR>>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ;-In=20 the email body, write "subscribe canslim" or<BR>>-"unsubscribe=20 canslim". Do not use quotes in your=20 = email.<BR><BR><BR><BR><BR><BR><BR><BR><BR>_______________________________= __________________________________<BR>Send=20 and receive Hotmail on your mobile device: <A=20 = href=3D"http://mobile.msn.com">http://mobile.msn.com</A><BR><BR><BR>-<BR>= - -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_006D_01C1B861.FBB3FD20-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): Re: [CANSLIM] Introduction: DuLaurence "Duke" Miller "Tom Worley"
Previous Article (by Subject): Re: Archery 101: was AW: [CANSLIM] Lack of Buy Candidates "Norman"
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