Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] why buy breakouts - article
Date: Tue, 23 Apr 2002 07:21:32 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_00E8_01C1EA97.7E720F10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable and how many times in the past year have experienced members in this = group mentioned how their b/o are consistently failing on them? If I was = trying to day trade this market, I would be looking for the quarter or = half point gains in half an hour or so, not the 5 or 10% one day returns = I have found by looking long term. Yesterday, I had 5 stocks up over 4% (TASR, AIRM, MAXF, OPTC, SYPR) = which went a long way towards keeping my VR Fund ahead of the indexes, = and took my IRA to the highest it has ever been. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message -----=20 From: The Lensing's=20 To: canslim@lists.xmission.com=20 Sent: Monday, April 22, 2002 7:33 PM Subject: Re: [CANSLIM] why buy breakouts - article Erik: I am new to this group, and have been an IBD reader for over a decade. = I am intrigued and humbled by the wealth of information that is shared = among the members of this group, and I hope that I will be able to = contribute in the future. Just want to let you know that I subscribe = to The Street.com and feel that I understand where Gary Smith is coming = from. He is a trader, not an investor, and from his point of view, and = short-term time horizon, the breakouts are not working. He functions = simply as a technician, I feel, and does not rely on anything but charts = to plot his strategies. So from his perspective, breakouts are not = working, but IMO he is only looking at less than half the picture if he = chooses to ignore fundamentals. alicia ----- Original Message -----=20 From: Erik_Harris3745=20 To: canslim@lists.xmission.com=20 Sent: Monday, April 22, 2002 10:54 AM Subject: [CANSLIM] why buy breakouts - article Hi, Does anyone subscribe to The Street. I'm curious about the article = below. I can't image what the reasoning is for the comment about not = buying breakouts. Just Curious, Erik ______________________________________________________________________ Monday April 22, 8:16 am Eastern Time Bantering About the Virtues of Breakouts By Gary B. Smith Special to TheStreet.com This past Friday, my colleague Dan Fitzpatrick wrote this in his = column : "For example, it's no longer profitable to buy breakouts; they should = be sold. And yet it's tough to unlearn habits that have worked so well = for so many years. I talk with professional money managers every day. I = am amazed at how many continue to buy breakouts. Memo to money managers: = That game is over." = ________________________________________________________________________ - ------=_NextPart_000_00E8_01C1EA97.7E720F10 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><TITLE></TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2715.400" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>and how many times in the past year have = experienced=20 members in this group mentioned how their b/o are consistently failing = on them?=20 If I was trying to day trade this market, I would be looking for the = quarter or=20 half point gains in half an hour or so, not the 5 or 10% one day = returns I=20 have found by looking long term.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Yesterday, I had 5 stocks up over 4% (TASR, = AIRM,=20 MAXF, OPTC, SYPR) which went a long way towards keeping my VR Fund ahead = of the=20 indexes, and took my IRA to the highest it has ever been.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV>Tom Worley<BR><A=20 href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20 TexWorley</DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dalensing@prodigy.net href=3D"mailto:alensing@prodigy.net">The = Lensing's</A>=20 </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Monday, April 22, 2002 7:33 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] why buy breakouts - = article</DIV></DIV> <DIV><BR></DIV> <DIV><STRONG><FONT face=3DSystem color=3D#0000ff = size=3D2>Erik:</FONT></STRONG></DIV> <DIV><STRONG><FONT face=3DSystem color=3D#0000ff = size=3D2></FONT></STRONG> </DIV> <DIV><STRONG><FONT face=3DSystem color=3D#0000ff size=3D2>I am new to = this group, and=20 have been an IBD reader for over a decade. I am intrigued and=20 humbled by the wealth of information that is shared among the = members of=20 this group, and I hope that I will be able to contribute in the=20 future. Just want to let you know that I subscribe to The = Street.com=20 and feel that I understand where Gary Smith is coming from. He is = a=20 trader, not an investor, and from his point of view, and short-term time = horizon, the breakouts are not working. He functions simply as a=20 technician, I feel, and does not rely on anything but charts to plot his = strategies. So from his perspective, breakouts are not working, = but IMO he=20 is only looking at less than half the picture if he chooses to ignore=20 fundamentals.</FONT></STRONG></DIV> <DIV><STRONG><FONT face=3DSystem color=3D#0000ff = size=3D2></FONT></STRONG> </DIV> <DIV><STRONG><FONT face=3DSystem color=3D#0000ff = size=3D2>alicia</FONT></STRONG></DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #0000ff 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=3Derik_harris3745@yahoo.com=20 href=3D"mailto:erik_harris3745@yahoo.com">Erik_Harris3745</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> Monday, April 22, 2002 = 10:54=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] why buy = breakouts -=20 article</DIV> <DIV><BR></DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT><BR> <P><FONT size=3D2>Hi,<BR>Does anyone subscribe to The Street. I'm = curious about=20 the article below. I can't image what the reasoning is for the comment = about=20 not buying breakouts.<BR><BR>Just=20 = Curious,<BR>Erik<BR><EM>_________________________________________________= _____________________<BR>Monday=20 April 22, 8:16 am Eastern Time<BR>Bantering About the Virtues of=20 Breakouts<BR><BR>By Gary B. Smith<BR>Special to = TheStreet.com<BR><BR>This past=20 Friday, my colleague Dan Fitzpatrick wrote this in his column = :<BR><BR>"For=20 example, it's no longer profitable to buy breakouts; they should be = sold. And=20 yet it's tough to unlearn habits that have worked so well for so many = years. I=20 talk with professional money managers every day. I am amazed at how = many=20 continue to buy breakouts. Memo to money managers: That game is=20 = over."<BR>_______________________________________________________________= _________<BR></EM></FONT></P></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_00E8_01C1EA97.7E720F10-- - - - -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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