Go to Jeff Salisbury LWGate Home Page.From: "Rob Miller" <rmiller2@carolina.rr.com>
Subject: Re: [CANSLIM] DFXI
Date: Sat, 30 Mar 2002 08:06:16 -0500
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Top of Thread: Re: [CANSLIM] DFXI "Leo Antons"
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I must respectively disagree. While if I had to choose, I would take =
random entries over random stops any day, I think it is more appropriate =
to put some effort into both. Most of use here fine tune our entry =
rather than "worrying" about it. Once you know what stock you want to =
buy, you find an entry point that makes the most given your risk =
tolerance and your take on the chart (or skip the chart if that's your =
preference). I personally can't tolerate losing 15% of my initial =
position, so I must limit my entry, otherwise my stop will be arbitrary =
and I will likely get stopped out. There is always another day and =
another stock. =20
I do agree that your purchase price has no bearing on success once you =
own the stock. Your stops and targets should have no relation to entry =
price. Nevertheless, it is prudent to fine tune your entry point before =
you buy. A stock could be up 20% on the breakout above any prior =
resistance, with the best fundamentals you've ever seen, but most people =
would pass because the entry would be too high. Your stop would likely =
be some number within the breakout range. In fact, a basic rule of =
Canslim is to buy at exactly the right point.
Rob =20
- ----- Original Message -----=20
From: Fred Richards=20
To: canslim@lists.xmission.com=20
Sent: Friday, March 29, 2002 8:22 PM
Subject: RE: [CANSLIM] DFXI
The question of entry points is mostly theoretical and bears little on =
the ultimate game. I find that those who spend a lot of time worrying =
about the proper entry points often miss out on a move.
An old Swiss gnome mentor of mine often said, "What you make or lose =
from a position has little or no bearing upon the purchase price. The =
real question should be . . . do you want to own the stock? And if so, =
buy it then set your stop loss or action points accordingly."
He started with $250 in 1928 and ended up with more money than 1/2 of =
1% of the world's population when he died in the late 1960's having been =
a stock market trader all his life.
And he never looked at a chart but could read the tape pretty =
effectively after doing his fundamental analyst work.
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Friday, March 29, 2002 6:59 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] DFXI
I see two potential entry points, depending on your ability to watch =
the market during the day, and your risk tolerance.
The first, and cheapest, was in the handle, or as today's price =
moved thru the pivot / high point of the handle.
The second would have come later today, or on Monday, based on =
today's action taking it above the left rim of the cup.
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
----- Original Message -----=20
From: Leo Antons=20
To: canslim@lists.xmission.com=20
Sent: Friday, March 29, 2002 6:07 PM
Subject: Re: [CANSLIM] DFXI
WARNING: newbie analysis
dfxi did run up to it' 52 wk high ($39.10), then retraced to close =
at $38.05. BARCHARTS is 100% positive on it. Excellent qtrly/annual =
growth, ROE. went up on heavy volume. made IBD's "where the big money's =
flowing".
My question: where is the buy point on this?=20
----- Original Message -----=20
From: Chazmoore@aol.com=20
To: canslim@lists.xmission.com ; troy.jones@clearworks.net=20
Sent: Thursday, March 28, 2002 10:03 AM
Subject: [CANSLIM] DFXI
Looks like a breakout for DFXI. Volume at 630,000 the first half =
hour versus 810,000 daily average. Price up over $2.00.=20
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<DIV><FONT face=3DArial size=3D2>I must respectively disagree. =
While if I had=20
to choose, I would take random entries over random stops any day, I =
think it is=20
more appropriate to put some effort into both. Most of use here =
fine tune=20
our entry rather than "worrying" about it. Once you know what =
stock you=20
want to buy, you find an entry point that makes the most given your =
risk=20
tolerance and your take on the chart (or skip the chart if that's your=20
preference). I personally can't tolerate losing 15% of my initial=20
position, so I must limit my entry, otherwise my stop will be arbitrary =
and I=20
will likely get stopped out. There is always another day and =
another=20
stock. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I do agree that your purchase price has =
no bearing=20
on success once you own the stock. Your stops and targets should =
have no=20
relation to entry price. Nevertheless, it is prudent to fine tune =
your=20
entry point before you buy. A stock could be up 20% =
on the=20
breakout above any prior resistance, with the best fundamentals =
you've ever=20
seen, but most people would pass because the entry would be too =
high. Your=20
stop would likely be some number within the breakout range. In=20
fact, a basic rule of Canslim is to buy at exactly the right=20
point.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial =
size=3D2>Rob =20
</FONT></DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </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=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dadrich@gte.net href=3D"mailto:adrich@gte.net">Fred =
Richards</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, March 29, 2002 =
8:22=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
DFXI</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D080581301-30032002><FONT face=3DArial =
color=3D#0000ff size=3D2>The=20
question of entry points is mostly theoretical and bears little on the =
ultimate game. I find that those who spend a lot of time worrying =
about the=20
proper entry points often miss out on a move.</FONT></SPAN></DIV>
<DIV><SPAN class=3D080581301-30032002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D080581301-30032002><FONT face=3DArial =
color=3D#0000ff size=3D2>An=20
old Swiss gnome mentor of mine often said, "What you make or lose from =
a=20
position has little or no bearing upon the purchase price. The real =
question=20
should be . . . do you want to own the stock? And if so, buy it then =
set your=20
stop loss or action points accordingly."</FONT></SPAN></DIV>
<DIV><SPAN class=3D080581301-30032002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D080581301-30032002><FONT face=3DArial =
color=3D#0000ff size=3D2>He=20
started with $250 in 1928 and ended up with more money than 1/2 of 1% =
of the=20
world's population when he died in the late 1960's having been a stock =
market=20
trader all his life.</FONT></SPAN></DIV>
<DIV><SPAN class=3D080581301-30032002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D080581301-30032002><FONT face=3DArial =
color=3D#0000ff size=3D2>And=20
he never looked at a chart but could read the tape pretty effectively =
after=20
doing his fundamental analyst work.</FONT></SPAN></DIV>
<DIV><SPAN class=3D080581301-30032002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Tom=20
Worley<BR><B>Sent:</B> Friday, March 29, 2002 6:59 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]=20
DFXI<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial>I see two potential entry points, depending =
on your=20
ability to watch the market during the day, and your risk=20
tolerance.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>The first, and cheapest, was in the handle, =
or as=20
today's price moved thru the pivot / high point of the =
handle.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>The second would have come later today, or =
on Monday,=20
based on today's action taking it above the left rim of the=20
cup.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> =
<A=20
title=3Dantons@charter.net href=3D"mailto:antons@charter.net">Leo =
Antons</A>=20
</DIV>
<DIV><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><B>Sent:</B> Friday, March 29, 2002 6:07 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] DFXI</DIV></DIV>
<DIV><BR></DIV>
<DIV><STRONG><FONT face=3DArial>WARNING: newbie =
analysis</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=3DArial>dfxi did run up to it' 52 wk high =
($39.10),=20
then retraced to close at $38.05. BARCHARTS is 100% positive on it.=20
Excellent qtrly/annual growth, ROE. went up on heavy volume. made =
IBD's=20
"where the big money's flowing".</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=3DArial></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=3DArial>My question: where is the buy point =
on this?=20
</FONT></STRONG></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=3DChazmoore@aol.com=20
href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
;=20
<A title=3Dtroy.jones@clearworks.net=20
=
href=3D"mailto:troy.jones@clearworks.net">troy.jones@clearworks.net</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, March 28, =
2002 10:03=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
DFXI</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Looks =
like a=20
breakout for DFXI. Volume at 630,000 the first half hour versus =
810,000=20
daily average. Price up over $2.00.</FONT>=20
</FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Date): More Month Than Money? The Answer may be... "Janeth"
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Top of Thread: Re: [CANSLIM] DFXI "Leo Antons"
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