Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] NVR
Date: Wed, 10 Apr 2002 17:40:40 -0500
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Hi Bill,
I think everybody is different when it comes to setting their stop...I =
go $0.13 below the closest $.50 mark just to stay out of round numbers. =
So if the bottom of congestion were $24.52, I'd set a stop at $24.50 - =
0.13 =3D $24.37. That odd number has saved me from getting caught in a =
quick sweep plenty of times.
Katherine
----- Original Message -----=20
From: William King=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, April 10, 2002 5:25 PM
Subject: Re: [CANSLIM] NVR
Katherine,
Thanks for the trailing stop info. Not knowing any better I have been =
in the arbitrary 8% camp unless there is obvious support in that area. =
When they say "below" a given area - how far below? .10, .50 ??
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, April 09, 2002 11:26 PM
Subject: Re: [CANSLIM] NVR
Dimitri,
There are many ways to set a trailing stop. Some use trend lines, =
some use a recent area of consolidation, some use the volatility of the =
stock, some use moving averages. The one thing you do *not* want to do =
is choose an arbitrary number such as 8% as a trailing stop. You run the =
risk of being stopped out of a stock that is experiencing a "normal" =
pullback in its uptrend. I've uploaded an article on trailing stops =
written by Mark Boucher to the CANSIM site. You'll find it at:
http://WallStreet-LLC.com/pub/TrailingStops.doc
Use a wise approach to setting your stop and you will be more likely =
to find that delicate balance between protecting profits, riding a good =
stock as long as possible and protecting against catastrophic loss.
Katherine
----- Original Message -----=20
From: Dimitri Katsaros=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, April 09, 2002 5:29 PM
Subject: [CANSLIM] NVR
Thank you all for the advice on NVR... after hearing
all that has been said and looking at the chart, I'm
going to take Katherine Malm's advice by putting a
trailing stop. Should I do it at 8% or perhaps larger
to weather out any volatility?
Thanks
Dimitri
=3D=3D=3D=3D=3D
Quiquid latine dictum sit altum viditur
__________________________________________________
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</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Hi Bill,</DIV>
<DIV> </DIV>
<DIV>I think everybody is different when it comes to setting their =
stop...I go=20
$0.13 below the closest $.50 mark just to stay out of round =
numbers. So if=20
the bottom of congestion were $24.52, I'd set a stop at $24.50 - 0.13 =
=3D $24.37.=20
That odd number has saved me from getting caught in a quick sweep plenty =
of=20
times.</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=3Dwk11@adelphia.net href=3D"mailto:wk11@adelphia.net">William =
King</A>=20
</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> Wednesday, April 10, 2002 =
5:25=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
NVR</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for the trailing stop info. =
Not knowing=20
any better I have been in the arbitrary 8% camp unless there is =
obvious=20
support in that area. When they say "below" a given area - how far =
below? .10,=20
.50 ??</FONT></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=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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, April 09, 2002 =
11:26=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
NVR</DIV>
<DIV><BR></DIV>
<DIV>Dimitri,</DIV>
<DIV> </DIV>
<DIV>There are many ways to set a trailing stop. Some use trend =
lines, some=20
use a recent area of consolidation, some use the volatility of the =
stock,=20
some use moving averages. The one thing you do *not* want to do is =
choose an=20
arbitrary number such as 8% as a trailing stop. You run the risk of =
being=20
stopped out of a stock that is experiencing a "normal" pullback in =
its=20
uptrend. I've uploaded an article on trailing stops written by Mark =
Boucher=20
to the CANSIM site. You'll find it at:</DIV>
<DIV> </DIV>
<DIV> <A=20
=
href=3D"http://WallStreet-LLC.com/pub/TrailingStops.doc">http://WallStree=
t-LLC.com/pub/TrailingStops.doc</A><BR></DIV>
<DIV>Use a wise approach to setting your stop and you will be =
more=20
likely to find that delicate balance between protecting profits, =
riding a=20
good stock as long as possible and protecting against catastrophic=20
loss.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Ddcka@yahoo.com href=3D"mailto:dcka@yahoo.com">Dimitri =
Katsaros</A>=20
</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
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, April 09, =
2002 5:29=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
NVR</DIV>
<DIV><BR></DIV>Thank you all for the advice on NVR... after =
hearing<BR>all=20
that has been said and looking at the chart, I'm<BR>going to take=20
Katherine Malm's advice by putting a<BR>trailing stop. Should I do =
it at=20
8% or perhaps larger<BR>to weather out any=20
=
volatility?<BR><BR>Thanks<BR>Dimitri<BR><BR>=3D=3D=3D=3D=3D<BR>Quiquid =
latine dictum=20
sit altum=20
=
viditur<BR><BR>__________________________________________________<BR>Do=20
You Yahoo!?<BR>Yahoo! Tax Center - online filing with =
TurboTax<BR><A=20
=
href=3D"http://taxes.yahoo.com/">http://taxes.yahoo.com/</A><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.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Author): RE: [CANSLIM] NVR "Mike Gibbons"
Previous Article (by Author): Re: [CANSLIM] M for Market "Katherine Malm"
Top of Thread: Re: [CANSLIM] NVR "William King"
Next in Thread: RE: [CANSLIM] NVR "Mike Gibbons"
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