Go to Jeff Salisbury LWGate Home Page.From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] DFXI again
Date: Fri, 19 Apr 2002 18:08:29 -0500
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Fred, what I meant to say... it's also very difficult to jump back in to =
a stock after being stopped out...=20
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 19, 2002 5:15 PM
Subject: Re: [CANSLIM] DFXI again
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
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<DIV><FONT face=3D"Comic Sans MS">Fred, what I meant to say... it's also =
very=20
difficult to jump back in to a stock after being stopped out... =
</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</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 =
5:15=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] DFXI =
again</DIV>
<DIV><BR></DIV>
<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>=20
</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>=
=20
</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=20
this 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=20
on 4/4. Sat back and watched the<BR>stock surge higher, now hitting =
new=20
highs on volume. Kicking myself for<BR>following CANSLIM =
rules.<BR><BR>I=20
know WON says this will happen but nevertheless it is discouraging.=20
It's<BR>happened many times to me already. Each time it makes me =
want to=20
throw<BR>CANSLIM out the window.<BR><BR>I'm trying to ignore my =
emotions and=20
do a constructive post-mortem. Did I<BR>buy wrong? I don't think so =
- -- it=20
was a nice cup-handle breakout and I<BR>bought within 5% of the =
pivot. Did I=20
bail too soon? Maybe. I know you're<BR>supposed to cut losses at 8% =
period.=20
But in this case on 4/4 it dropped<BR>below 8% only intraday, then =
it surged=20
to recover above the pivot.<BR><BR>In reviewing past similar trades, =
intraday activity has often been the<BR>cause. Many times a stock =
will shake=20
out intraday only to recover before the<BR>day is done.<BR><BR>So I =
wonder,=20
should the 8% sell rule be applied on closing prices only? =
In<BR>this case,=20
if I waited until the end of trading on 4/4, I'd still be in =
DFXI<BR>and=20
enjoying the ride.<BR><BR>Or maybe, should you simply ignore the =
first hour=20
or two of trading during<BR>the day? It seems to me in many cases, =
early=20
trading is very volatile and<BR>it's probably best to just sit on =
the=20
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 =
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,=20
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></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Subject): Re: [CANSLIM] DFXI again "david frank"
Previous Article (by Subject): RE: [CANSLIM] DFXI again "Fred Richards"
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