RE: [CANSLIM] DFXI again

From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] DFXI again
Date: Fri, 19 Apr 2002 21:53:30 -0500

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Take a look at a chart of TSCO for example. During this year, we have been
in and out of the stock four times and currently hold it.  From $34 to $54
profit and been stopped out with a rising Take Profit position 3 times.

If you want, I can give you many other examples.

Fred

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of david frank
Sent: Friday, April 19, 2002 6:35 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] DFXI again


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
>
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