Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] holdings
Date: Fri, 19 Apr 2002 14:10:29 -0700
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"this is not really the time to buy stock not unless you are a gambler and get a thrill out of losing money"
My percentage of winners to losers hasn't been this high in a loooong time. After being dogged hard work since Feb 2000, I'm finally starting to feel like its getting a bit 'easier'. It feels like a strong 'M' to me. And I'm reinforced in my view when MSFT can go up on the garbage outlook they gave last night - i.e, its nice to know that I don't have to lose sleep over broad-based panic selloffs.
Ian
PS - I 'bottom-fished' PENN at $10 just 16 months ago, and sold it for a wash, saying to myself: "bottom-fishing isn't CANSLIM, bottom-fishing isn't CANSLIM", in spite of their fabulous fundamentals at the time. The change in average-daily-volume since its real breakout at around $18 last April has been impressive. That's when I "should" have bought it - I suspect the fact that I'd sold it at $10 just 4 months earlier held me back - another valid reason for not bottom-fishing: it might effect your future trades!
----- Original Message -----
From: david frank
To: canslim@lists.xmission.com
Sent: Friday, April 19, 2002 11:42 AM
Subject: Re: [CANSLIM] holdings
Chris, if you all kicked butt on wall street-what has happened to that group??? personally,i like PENN, although it broke out this morning at 38.80. had a flat base than small cup with great fundamentals and high industry group. that being said-this is not really the time to buy stock not unless you are a gambler and get a thrill out of losing money. for every DFXI, there are many more that you will lose a lot of money on if you don't cut your losses. david -Original Message -----
From: Vanchee1@aol.com
To: canslim@lists.xmission.com
Sent: Friday, April 19, 2002 11:04 AM
Subject: Re: [CANSLIM] holdings
Katherine, comments from a different angle, well put and you do make a lot of sense. I sometimes just get a little frustrated that we don't have a watch list, and we don't quickly identify breakouts to each other. Years ago I was part of another CANSLIM group and we really kick butt on wall street, we did have a watch list and we all immediately noted and discussed breakouts. I just have to realize that the dynamics with this group is different and not try to change things.
Your input is appreciated, Chris.
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<DIV><FONT size=2>"this is not really the time to buy stock not unless you are a
gambler and get a thrill out of losing money"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>My percentage of winners to losers hasn't been this high in a
loooong time. After being dogged hard work since Feb 2000, I'm finally starting
to feel like its getting a bit 'easier'. It feels like a strong 'M' to me. And
I'm reinforced in my view when MSFT can go up on the garbage outlook they gave
last night - i.e, its nice to know that I don't have to lose sleep over
broad-based panic selloffs.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=2>PS - I 'bottom-fished' PENN at $10 just 16 months ago, and
sold it for a wash, saying to myself: "bottom-fishing isn't CANSLIM,
bottom-fishing isn't CANSLIM", in spite of their fabulous fundamentals at the
time. The change in average-daily-volume since its real breakout at around $18
last April has been impressive. That's when I "should" have bought it - I
suspect the fact that I'd sold it at $10 just 4 months earlier held me back -
another valid reason for not bottom-fishing: it might effect your future
trades!</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:camelot.homes@charter.net"
title=camelot.homes@charter.net>david frank</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:canslim@lists.xmission.com"
title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, April 19, 2002 11:42
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] holdings</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>Chris, if you all kicked butt on wall street-what
has happened to that group??? personally,i like PENN, although it broke out
this morning at 38.80. had a flat base than small cup with great
fundamentals and high industry group. that being said-this is not really
the time to buy stock not unless you are a gambler and get a thrill out of
losing money. for every DFXI, there are many more that you will lose a lot of
money on if you don't cut your losses. david -</FONT>Original Message
----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:Vanchee1@aol.com"
title=Vanchee1@aol.com>Vanchee1@aol.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:canslim@lists.xmission.com"
title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, April 19, 2002 11:04
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] holdings</DIV>
<DIV><BR></DIV><FONT face=arial,helvetica><FONT face="Century Gothic" lang=0
size=2 FAMILY="SANSSERIF">Katherine, comments from a different angle, well
put and you do make a lot of sense. I sometimes just get a little frustrated
that we don't have a watch list, and we don't quickly identify breakouts to
each other. Years ago I was part of another CANSLIM group and we really kick
butt on wall street, we did have a watch list and we all immediately noted
and discussed breakouts. I just have to realize that the dynamics with this
group is different and not try to change things.<BR><BR>Your input is
appreciated, Chris. </FONT></FONT></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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