Go to Jeff Salisbury LWGate Home Page.From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] NVR
Date: Wed, 10 Apr 2002 12:52:21 -1000
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Previous Article (by Author): Re: [CANSLIM] NVR "Katherine Malm"
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Hi Katherine,
I understand staying away from round numbers, but I'm wondering why you
choose another 0.13 below. That could put your stop at up to (0.49 + 0.13 =
0.62) which seems to give a lot of room for further losses. On a $20 stock
that would be an additional 3%.
But I'm sure you have a sound reason, so I'm wondering if you'd explain.
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Wednesday, April 10, 2002 12:41 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] NVR
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 =
$24.37. That odd number has saved me from getting caught in a quick sweep
plenty of times.
Katherine
----- Original Message -----
From: William King
To: canslim@lists.xmission.com
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 -----
From: Katherine Malm
To: canslim@lists.xmission.com
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 -----
From: Dimitri Katsaros
To: canslim@lists.xmission.com
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
=====
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<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN =
class=3D160544622-10042002>Hi=20
Katherine,</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20
class=3D160544622-10042002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN =
class=3D160544622-10042002>I=20
understand staying away from round numbers, but I'm wondering why you =
choose=20
another 0.13 below. That could put your stop at up to (0.49 + 0.13 =3D =
0.62) which=20
seems to give a lot of room for further losses. On a $20 stock that =
would be an=20
additional 3%.</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN=20
class=3D160544622-10042002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff face=3DArial size=3D2><SPAN =
class=3D160544622-10042002>But=20
I'm sure you have a sound reason, so I'm wondering if you'd=20
explain.</SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Mike Gibbons<BR>Proactive Technologies, =
LLC</FONT></DIV>
<DIV><FONT face=3DArial size=3D2><A=20
href=3D"http://www.proactech.com/">http://www.proactech.com</A></FONT></D=
IV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV align=3Dleft class=3DOutlookMessageHeader dir=3Dltr><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>Katherine =
Malm<BR><B>Sent:</B> Wednesday, April 10, 2002 12:41 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]=20
NVR<BR><BR></DIV></FONT>
<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=20
if the bottom of congestion were $24.52, I'd set a stop at $24.50 - =
0.13 =3D=20
$24.37. That odd number has saved me from getting caught in a quick =
sweep=20
plenty of times.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; =
MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-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 href=3D"mailto:wk11@adelphia.net" =
title=3Dwk11@adelphia.net>William King</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:canslim@lists.xmission.com"=20
title=3Dcanslim@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?=20
.10, .50 ??</FONT></DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; =
MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A href=3D"mailto:kmalm@earthlink.net" =
title=3Dkmalm@earthlink.net>Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:canslim@lists.xmission.com"=20
title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> =
</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,=20
some use a recent area of consolidation, some use the volatility =
of the=20
stock, some use moving averages. The one thing you do *not* want =
to do is=20
choose an arbitrary number such as 8% as a trailing stop. You run =
the risk=20
of being stopped out of a stock that is experiencing a "normal" =
pullback=20
in its uptrend. I've uploaded an article on trailing stops written =
by Mark=20
Boucher 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 =
loss.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; =
MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-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 href=3D"mailto:dcka@yahoo.com" title=3Ddcka@yahoo.com>Dimitri =
Katsaros</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:canslim@lists.xmission.com"=20
=
title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> </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=20
hearing<BR>all that has been said and looking at the chart, =
I'm<BR>going=20
to take Katherine Malm's advice by putting a<BR>trailing stop. =
Should I=20
do it at 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=20
dictum 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></BLOCKQUOTE></BODY></HTML>
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Next Article (by Author): Re: [CANSLIM] Vector Vest Warren Keuffel
Previous Article (by Author): Re: [CANSLIM] NVR "Katherine Malm"
Top of Thread: Re: [CANSLIM] NVR "William King"
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