Re: [CANSLIM] Bear Rally?

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Bear Rally?
Date: Thu, 25 Apr 2002 10:19:22 -0700
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"it also removes the added burden of modifying the rules
to fit the small and micro cap entry and exit strategies to reflect the
volatility of these groups"

Bill:

In my experience, there is absolutely no need to modify these rules for
microcaps. Almost all of my big gains have come from buying at precise
trigger points (C&H or flatline bases) where a surge in volume was occuring.
The only major difference that I see is that the time spent in the buy
window is much smaller.

When I buy in the base, my overall results are just as lousy as if I bought
in the base of a mega-cap. Sell rules are identical - distribution days,
blowoff tops, stops etc ... The only thing I would never do is set a
trailing 7% stop from a recent peak early in a breakout - but I don't think
that is wise with any stock.

And I still say that WON only changed his 'S' criteria while we were in a
bubble - it will probably revert back to the historical norm now, and
require successful CANSLIMers to care a lot about 'S'. We'll see.

Ian




- ----- Original Message -----
From: Bill Triffet <btriffet@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, April 25, 2002 8:37 AM
Subject: Re: [CANSLIM] Bear Rally?


> Mona,
>
> This is very interesting to me. It confirms that there is and has been a
> "stealth" rally for some time in the small and micro caps. Because these
are
> not represented well in the three major indexes, they continue to perform
> under the general investors radar screen.
>
> I think those that paid more attention to sector performance have done
very
> well to date. Those (like me) who glued their eyes to the major indexes
> (pure canslim) missed out. I think WON's approach is to just invest in the
> main market uptrends. While it may not be as successful in this market and
> keeps one in cash - it also removes the added burden of modifying the
rules
> to fit the small and micro cap entry and exit strategies to reflect the
> volatility of these groups. Some of these have been discussed here such as
> buying in the base and keeping a watch throughout the trading day.
>
> Perhaps a mixture of Ian Woodward's sector influenced type trading (see
> www.highgrowthstock.com ) with canslim rules is the way to go for some? I
> know it's worked for others here.
>
> -Bill Triffet
>
> ----- Original Message -----
> From: "Mona Guarino" <webmaster@design21.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, April 25, 2002 1:42 AM
> Subject: RE: [CANSLIM] Bear Rally?
>
>
> > MessageDuke,
> >
> > I am relatively new to CanSlim and still trying to make sense of the
whole
> > puzzle, but in the notes I believe you posted a day or so ago, under the
> > section 'The Market,' item #2 it says '[t]he best indicator of market
> > direction is how your stocks are doing; if you're stopped out of 2 or 3,
> > that's a good sign the market's ailing.' I can't identify an exact WON
> > reference at this hour of the night, but I remember reading similar
> language
> > elsewhere, but it's comments like that that let me think it is possible
> > (though riskier) to make money even in THIS market. Until Invision
tanked
> > this afternoon, I was up over 3.5% most of the day when the major
indices
> > were down all day. And, despite Invision, still I ended up for the day.
I
> > won't argue that the Market (emphasis on capital M) is in an uptrend,
but
> as
> > long as I can regularly beat the indices and prior experience, I'll take
> my
> > chances.
> >
> > -- Mona
> >   -----Original Message-----
> >   From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller
> >   Sent: Wednesday, April 24, 2002 8:02 PM
> >   To: canslim@lists.xmission.com
> >   Subject: RE: [CANSLIM] Bear Rally?
> >
> >
> >   Katherine, et al:
> >
> >   How can any CANSLIMer think the market is in an uptrend?
> >
> >   From tonight's WSJ:
> >
> >   The Nasdaq fell 1% to 1713.34, its lowest level in nearly six months,
on
> > lackluster earnings. The Dow industrials sagged 58.81 points to
10030.43,
> > the lowest level in more than two months.
> >
> >   I'm amazed (read: amused).
> >
> >   Duke
> >     -----Original Message-----
> >     From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
> >     Sent: Wednesday, April 24, 2002 7:41 PM
> >     To: canslim@lists.xmission.com
> >     Subject: Re: [CANSLIM] Bear Rally?
> >
> >
> >     Youch.... is that one you've been in for a while? Gotta hurt....Too
> many
> > that look the same over the last few days....CACI, POSS, MIMS, RMCI,
JDAS,
> > etc. I've been keeping tabs on them and capturing the charts to review
> > later. Certainly a "pull the rug from under your feet kind of market."
In
> a
> > way, may be a good thing....more likely to weigh on the sentiment
numbers
> > (have stayed too bullish lately).
> >
> >     Katherine
> >
> >
> >
> >
> >     ----- Original Message -----
> >       From: Tom Worley
> >       To: canslim@lists.xmission.com
> >       Sent: Wednesday, April 24, 2002 5:58 PM
> >       Subject: Re: [CANSLIM] Bear Rally?
> >
> >
> >       After what OVRL did to me (down 27% for the day), I am ready to
try
> > grocery stores, hell people will still have to eat, I guess.
> >
> >       Tom Worley
> >       stkguru@bellsouth.net
> >       AIM: TexWorley
> >
> >
>
>
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