Re: [CANSLIM] Bear Rally?

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] Bear Rally?
Date: Thu, 25 Apr 2002 10:27:44 -0700
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Ian,

I should re-phrase my statement  "it also removes the added burden of
modifying the
rules" to modify the "technique"? Yes, it's not really the rules that change
though I believe it was Tom who said he's been known to buy in the base (but
admits this is NOT canslim).

Also, the fact that the trading "window" is so small is a real problem for
many. It forces one to be ready to hit the buy trigger very quickly - not
the old HTMMIS version of "place the market order the next day" type of
trade. It places the added burden of timing a breakout to possibly having to
place a limit orders with an email or page alert to quickly check the volume
at that time to see if it's valid (sort of hyper-canslim).

Lastly though, one could do like me and wait for the major indexes to turn
around and just hold a micro cap fund or two. Not very interesting but seems
to tide me over. (my microcap fund has done very well).

- -Bill Triffet

- ----- Original Message -----
From: "Ian" <ianstm@shaw.ca>
To: <canslim@lists.xmission.com>
Sent: Thursday, April 25, 2002 10:19 AM
Subject: Re: [CANSLIM] Bear Rally?


> "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



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