Go to Jeff Salisbury LWGate Home Page.From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] DFXI again
Date: Fri, 19 Apr 2002 17:15:37 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_07EF_01C1E7C5.D2AED010 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Fred, he's not unique... it's very difficult to follow rules as well as = the mental issues to get back in a stock... after being out of without = looking to see if the chart pattern is favorable. How do you get around = that? Gene ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 4:47 PM Subject: RE: [CANSLIM] DFXI again Your problem is that you did not repurchase when it went back through = your stop loss point! Many investors and/or traders fail this basic test. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Rubin Sent: Friday, April 19, 2002 10:44 AM To: canslim@lists.xmission.com 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. - ------=_NextPart_000_07EF_01C1E7C5.D2AED010 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4915.500" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3D"Comic Sans MS">Fred, he's not unique... it's = very=20 difficult to follow rules as well as the mental issues to get back = in=20 a stock... after being out of without looking to see if = the=20 chart pattern is favorable. How do you get around that?</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV> <DIV> </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=3Dadrich@gte.net href=3D"mailto:adrich@gte.net">Fred = Richards</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>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 19, 2002 = 4:47=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] DFXI = again</DIV> <DIV><BR></DIV>Your problem is that you did not repurchase when it = went back=20 through your<BR>stop loss point! Many investors and/or traders = fail this=20 basic test.<BR><BR>-----Original Message-----<BR>From: <A=20 = href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com</A><BR>[mailto:owner-canslim@lists.xmission.com]On=20 Behalf Of Dave Rubin<BR>Sent: Friday, April 19, 2002 10:44 AM<BR>To: = <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>Subject:=20 [CANSLIM] DFXI again<BR><BR><BR>Bought DFXI on 3/28 breakout. Sold for = loss on=20 4/4. Sat back and watched the<BR>stock surge higher, now hitting new = highs on=20 volume. Kicking myself for<BR>following CANSLIM rules.<BR><BR>I know = WON says=20 this will happen but nevertheless it is discouraging. It's<BR>happened = many=20 times to me already. Each time it makes me want to throw<BR>CANSLIM = out the=20 window.<BR><BR>I'm trying to ignore my emotions and do a constructive=20 post-mortem. Did I<BR>buy wrong? I don't think so -- it was a nice = cup-handle=20 breakout and I<BR>bought within 5% of the pivot. Did I bail too soon? = Maybe. I=20 know you're<BR>supposed to cut losses at 8% period. But in this case = on 4/4 it=20 dropped<BR>below 8% only intraday, then it surged to recover above the = pivot.<BR><BR>In reviewing past similar trades, intraday activity has = often=20 been the<BR>cause. Many times a stock will shake out intraday only to = recover=20 before the<BR>day is done.<BR><BR>So I wonder, should the 8% sell rule = be=20 applied on closing prices only? In<BR>this case, if I waited until the = end of=20 trading on 4/4, I'd still be in DFXI<BR>and enjoying the = ride.<BR><BR>Or=20 maybe, should you simply ignore the first hour or two of trading = during<BR>the=20 day? It seems to me in many cases, early trading is very volatile = and<BR>it's=20 probably best to just sit on the sidelines until after=20 = lunch.<BR><BR>--<BR>Dave<BR><BR> ___________________________________= ______________________=20 Do You Yahoo!?<BR>Get your free @yahoo.com address at <A=20 href=3D"http://mail.yahoo.com">http://mail.yahoo.com</A><BR>-<BR>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR><BR><BR>-<BR>-To = subscribe/unsubscribe, email=20 "<A = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= =20 the email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". =20 Do not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_07EF_01C1E7C5.D2AED010-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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