Go to Jeff Salisbury LWGate Home Page.From: "Dave Rubin" <daverubin@yahoo.com>
Subject: [CANSLIM] DFXI again
Date: Fri, 19 Apr 2002 11:44:05 -0400
Next Article (by Subject): [CANSLIM] holdings Vanchee1@aol.com
Previous Article (by Subject): Re: [CANSLIM] Broker Issues "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]
Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and watched the stock surge higher, now hitting new highs on volume. Kicking myself for following CANSLIM rules. I know WON says this will happen but nevertheless it is discouraging. It's happened many times to me already. Each time it makes me want to throw CANSLIM out the window. I'm trying to ignore my emotions and do a constructive post-mortem. Did I buy wrong? I don't think so -- it was a nice cup-handle breakout and I bought within 5% of the pivot. Did I bail too soon? Maybe. I know you're supposed to cut losses at 8% period. But in this case on 4/4 it dropped below 8% only intraday, then it surged to recover above the pivot. In reviewing past similar trades, intraday activity has often been the cause. Many times a stock will shake out intraday only to recover before the day is done. So I wonder, should the 8% sell rule be applied on closing prices only? In this case, if I waited until the end of trading on 4/4, I'd still be in DFXI and enjoying the ride. Or maybe, should you simply ignore the first hour or two of trading during the day? It seems to me in many cases, early trading is very volatile and it's probably best to just sit on the sidelines until after lunch. - -- Dave _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.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.
Next Article (by Subject): [CANSLIM] holdings Vanchee1@aol.com
Previous Article (by Subject): Re: [CANSLIM] Broker Issues "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]