Re: [CANSLIM] Today's Weblink Stock - LOW

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Today's Weblink Stock - LOW
Date: Tue, 21 May 2002 20:40:57 -0400

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Top of Thread: [CANSLIM] Today's Weblink Stock - LOW "Norman"
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Duke, there's a big difference between buying the initial (partial)
position, and completing or increasing the partial position. Note he is
referring to "rounding out" the position. I don't think even IBD would dare
to suggest starting the position more than 10% over the base, or pivot,
depending on what you are using. But if you start with a partial position,
and it is working, then you can exceed the "5% over pivot" rule in adding to
it, IMO.

For me, the key is to keep the average price of the position within the
limits off the base or pivot, not each purchase. In many cases, I buy the
full position in one transaction, but where I only buy a partial, I will add
to it later if it is working.

- ----- Original Message -----
From: "Winston Little" <wlittle1@peoplepc.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, May 21, 2002 12:46 PM
Subject: Re: [CANSLIM] Today's Weblink Stock - LOW


My observation is that:
The tone of Investor Corner varies with the author.
For example today's author D.S-C often stresses the importance of Price
Earnings Ratios in past Corner articles.
Another C.W., is often more aligned with the traditional CANSLIM way.


- ----- Original Message -----
From: "Duke Miller" <dukemill@tampabay.rr.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, May 21, 2002 11:22 AM
Subject: RE: [CANSLIM] Today's Weblink Stock - LOW


> Also note in today's Investor's Corner:
>
> "...buy more shares to round out your position.  Just make sure not to
> add shares if the stock is well past 5% above the pivot."
>
> I can show you over 1,000 IBD mentions to NOT buy unless it's WITHIN 5%
> of the pivot, lest you get stopped out.
>
> The times they are a changin'!
>
> Duke
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Norman
> Sent: Monday, May 20, 2002 11:11 PM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] Today's Weblink Stock - LOW
>
>
> I think IBD is changing.  Today they profile LOW and actually are
> warning of the technical faults while pointing out it's fundamental
> soundness.  This is a relatively rare venture for IBD to speak of the
> future of a stock using current action.  Usually they go back to '99 or
> 2k and pick out a chart pattern to demonstrate a point.  Today they are
> using LOW as an example of how to look for warning signs of a stock
> that, although looking good, might pull back.  I find that refreshing.
>
> Norm
>
>
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