Go to Jeff Salisbury LWGate Home Page.From: "david frank" <camelot.homes@charter.net>
Subject: Re: [CANSLIM] DFXI again
Date: Fri, 19 Apr 2002 18:35:03 -0500
Previous Article (by Author): [CANSLIM] Off topic - Best Buy Warren Keuffel
Top of Thread: Re: [CANSLIM] DFXI again Gene Ricci
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fred, easily said; but prove your point!!!david - ----- Original Message ----- From: "Fred Richards" <adrich@gte.net> To: <canslim@lists.xmission.com> 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. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Author): [CANSLIM] Off topic - Best Buy Warren Keuffel
Top of Thread: Re: [CANSLIM] DFXI again Gene Ricci
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