Go to Jeff Salisbury LWGate Home Page.From: "Ira Post" <ip108@yahoo.com>
Subject: Re: [CANSLIM] DFXI again
Date: Fri, 19 Apr 2002 14:26:27 -0400
Next Article (by Date): Re: [CANSLIM] holdings "Ira Post"
Previous Article (by Date): Re: [CANSLIM] holdings Gene Ricci
Articles sorted by: [Date]
[Author]
[Subject]
While I am a CANSLIMer, which is why I'm here, I find a strong inner tendancy to revert to Graham/Buffet approaches of fundamental analysis. When i buy a stock, I think to a degree that I am buying this business. If I don't like it, I don't buy it. If I do like it, I'll often put aside the technicals. I bought DFXI last year after seeing it as one of IBD's 'Stocks In The News'. I love the company and see no reason to sell at this point. Ira - ----- Original Message ----- From: "J. Lobatto" <jlobatto@nyc.rr.com> To: <canslim@lists.xmission.com> Sent: Friday, April 19, 2002 12:30 PM Subject: Re: [CANSLIM] DFXI again > Your experience is very typical of how the market has been treating > CANSLIMers for quite a while. I think it's partially due to the fact that > there are not that many high EPS and RS stocks forming classic cup and > handle bases. When one does appear (like DFXI) and breaks out as DFXI did on > 3/28, it's a feeding frenzy and I strongly suspect that "they" are aware of > this and try to immediately drop the stock to shake out all the stop loss > orders put in by CANSLIMers. I bought DFXI myself on 3/28 and when it headed > down I said to myself "here we go again". This time I decided to hang tough > and didn't sell after the 8% drop as I've seen this happen so often lately. > Sure enough, it came right back and I'm sitting on a profit now. I realize > that this kind of behavior however can lead to disaster and wouldn't > recommend it. My hope is that down the road there will be many more stocks > breaking out and everyone will not be piling into the 2 or 3 daily breakouts > we see now. > > Jon > ----- Original Message ----- > From: "Dave Rubin" <daverubin@yahoo.com> > To: <canslim@lists.xmission.com> > Sent: Friday, April 19, 2002 11:44 AM > Subject: [CANSLIM] DFXI again > > > > 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. > > > - > -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.
Next Article (by Date): Re: [CANSLIM] holdings "Ira Post"
Previous Article (by Date): Re: [CANSLIM] holdings Gene Ricci
Articles sorted by: [Date]
[Author]
[Subject]