RE: [CANSLIM] DFXI again

From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] DFXI again
Date: Fri, 19 Apr 2002 21:51:15 -0500
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I know what you mean. I think that was the hardest thing for me to learn. In
today's world, the commission cost should be considered as an insurance
policy cost to protect your profit position or prevent further losses from
occurring\

Fred
  -----Original Message-----
  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
  Sent: Friday, April 19, 2002 6:08 PM
  To: canslim@lists.xmission.com
  Subject: Re: [CANSLIM] DFXI again


  Fred, what I meant to say... it's also very difficult to jump back in to a
stock after being stopped out...
    ----- Original Message -----
    From: Gene Ricci
    To: canslim@lists.xmission.com
    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 -----
      From: Fred Richards
      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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<DIV><SPAN class=3D710434902-20042002><FONT face=3DArial color=3D#0000ff =
size=3D2>I know=20
what you mean. I think that was the hardest thing for me to learn. In =
today's=20
world, the commission cost should be considered as an insurance policy =
cost to=20
protect your profit position or prevent further losses from=20
occurring\</FONT></SPAN></DIV>
<DIV><SPAN class=3D710434902-20042002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D710434902-20042002><FONT face=3DArial color=3D#0000ff =

size=3D2>Fred</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Gene=20
  Ricci<BR><B>Sent:</B> Friday, April 19, 2002 6:08 PM<BR><B>To:</B>=20
  canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] DFXI=20
  again<BR><BR></FONT></DIV>
  <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>=
=20
    </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...&nbsp;it's =
very=20
    difficult to follow rules as well as the mental issues&nbsp;to get =
back in=20
    a&nbsp;stock... &nbsp;after being&nbsp;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>&nbsp;</DIV>
    <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
    <DIV>&nbsp;</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=20
      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=20
      back through your<BR>stop loss point!&nbsp; Many investors and/or =
traders=20
      fail 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=20
      loss on 4/4. Sat back and watched the<BR>stock surge higher, now =
hitting=20
      new highs on volume. Kicking myself for<BR>following CANSLIM=20
      rules.<BR><BR>I know WON says this will happen but nevertheless it =
is=20
      discouraging. It's<BR>happened many times to me already. Each time =
it=20
      makes me want to throw<BR>CANSLIM out the window.<BR><BR>I'm =
trying to=20
      ignore my emotions and do a constructive post-mortem. Did I<BR>buy =
wrong?=20
      I don't think so -- it was a nice cup-handle breakout and =
I<BR>bought=20
      within 5% of the pivot. Did I bail too soon? Maybe. I know=20
      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=20
      pivot.<BR><BR>In reviewing past similar trades, intraday activity =
has=20
      often been the<BR>cause. Many times a stock will shake out =
intraday only=20
      to recover before the<BR>day is done.<BR><BR>So I wonder, should =
the 8%=20
      sell rule be applied on closing prices only? In<BR>this case, if I =
waited=20
      until the end of trading on 4/4, I'd still be in DFXI<BR>and =
enjoying the=20
      ride.<BR><BR>Or maybe, should you simply ignore the first hour or =
two of=20
      trading during<BR>the day? It seems to me in many cases, early =
trading is=20
      very volatile and<BR>it's probably best to just sit on the =
sidelines until=20
      after=20
      =
lunch.<BR><BR>--<BR>Dave<BR><BR>&nbsp;___________________________________=
______________________=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=
=20
      the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
      canslim".&nbsp; Do not use quotes in your =
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