Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Investor's Corner Puzzlement
Date: Tue, 23 Apr 2002 20:58:21 -0500
Previous Article (by Date): [CANSLIM] Spurious Attachments "Harold Josephson"
Top of Thread: Re: [CANSLIM] Investor's Corner Puzzlement Dimitri Katsaros
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Hi Harold,
WON only uses the 8% rule at the time of a valid breakout. The pullbacks =
referred to in the article are pullbacks within the uptrend...not at the =
time of breakout. For example, WON says that stocks that rise 20% or =
more within 8 weeks of the breakout are typically very strong and =
suggests holding on during the first consolidation. The article today is =
simply saying that if you set hard stops too tightly during the =
uptrend, you will likely be shaken out of an otherwise healthy stock =
that is simply acting "normally" in its uptrend or will get shaken out =
on intraday action where the close is otherwise healthy.
Katherine
----- Original Message -----=20
From: Harold Josephson=20
To: CANSLIM DISCUSSION GROUP (E-mail)=20
Sent: Tuesday, April 23, 2002 8:35 PM
Subject: [CANSLIM] Investor's Corner Puzzlement
=20
Tuesday's Investor's Corner seemed to illustrate that following the =
WON rule of selling when a stock has dropped 8% would have shaken you =
out of all of the top 12 winners of the 1997-2000 period. I am puzzled =
by the message here. Don't follow the WON rule?
=20
Thanks
=20
Harold Josephson
Tel: 323.850.1333
Fax: 323.512.8968
hj@hjosephson.com
=20
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<DIV><FONT face=3D"Trebuchet MS">Hi Harold,</FONT></DIV>
<DIV><FONT face=3D"Trebuchet MS"></FONT> </DIV>
<DIV><FONT face=3D"Trebuchet MS">WON only uses the 8% rule at the time =
of a valid=20
breakout. The pullbacks referred to in the article are pullbacks within =
the=20
uptrend...not at the time of breakout. For example, WON says that stocks =
that=20
rise 20% or more within 8 weeks of the breakout are typically very =
strong and=20
suggests holding on during the first consolidation. The article today is =
simply=20
saying that if you set hard stops too tightly during the uptrend, =
you will=20
likely be shaken out of an otherwise healthy stock that is simply acting =
"normally" in its uptrend or will get shaken out on intraday action =
where the=20
close is otherwise healthy.</FONT></DIV>
<DIV><FONT face=3D"Trebuchet MS"></FONT> </DIV>
<DIV><FONT face=3D"Trebuchet MS">Katherine</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
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<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=3Dhj@hjosephson.com href=3D"mailto:hj@hjosephson.com">Harold=20
Josephson</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 DISCUSSION GROUP =
(E-mail)</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, April 23, 2002 =
8:35=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Investor's =
Corner=20
Puzzlement</DIV>
<DIV><BR></DIV><IMG class=3Dshape style=3D"DISPLAY: none; WIDTH: 0px; =
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<DIV class=3DSection1>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT =
face=3D"Trebuchet MS"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt">Tuesday=92s =
Investor=92s Corner=20
seemed to illustrate that following the WON rule of selling when a =
stock has=20
dropped 8% would have shaken you out of all of the top 12 winners of =
the=20
1997-2000 period.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I am =
puzzled by=20
the message here.<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>Don=92t follow=20
the WON rule?<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT =
face=3D"Trebuchet MS"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoAutoSig><FONT face=3D"Trebuchet MS" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">Thanks<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoAutoSig><FONT face=3D"Trebuchet MS" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></P>
<P class=3DMsoAutoSig><!--[if supportFields]><span =
style=3D'mso-element:field-begin'></span><span=20
style=3D"mso-spacerun: yes"> </span>AUTOTEXTLIST \s "E-mail=20
Signature" <span =
style=3D'mso-element:field-separator'></span><![endif]--><B><I><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-STYLE: italic">Harold=20
Josephson<o:p></o:p></SPAN></I></B></P>
<P class=3DMsoAutoSig><B><I><FONT face=3D"Trebuchet MS" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-STYLE: =
italic">Tel:<SPAN=20
style=3D"mso-spacerun: yes"> =20
</SPAN>323.850.1333<o:p></o:p></SPAN></FONT></I></B></P>
<P class=3DMsoAutoSig><B><I><FONT face=3D"Trebuchet MS" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-STYLE: =
italic">Fax:<SPAN=20
style=3D"mso-spacerun: yes"> =20
</SPAN>323.512.8968<o:p></o:p></SPAN></FONT></I></B></P>
<P class=3DMsoAutoSig><B><I><FONT face=3D"Trebuchet MS" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-STYLE: italic"><A=20
=
href=3D"mailto:hj@hjosephson.com">hj@hjosephson.com</A></SPAN></FONT></I>=
</B><o:p></o:p></P>
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Previous Article (by Date): [CANSLIM] Spurious Attachments "Harold Josephson"
Top of Thread: Re: [CANSLIM] Investor's Corner Puzzlement Dimitri Katsaros
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