Re: [CANSLIM] sweet chart

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] sweet chart
Date: Wed, 10 Jul 2002 10:46:02 -0500
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Tell me about it. I hold NCEN. It went up about 15% within 3 weeks of me
buying it. I was tempted to sell, but according to WON, you should hold
onto a rising star like that for a least 8 weeks..., well today I am
looking at a 3.6% loss!!!!

Guess a lot of those sell rules come with LOTS of exceptions when the M is
as bad as it is. I will take a lesson learned from this, and take at least
1/2 my position off the table when I am up 15% , regardless of how fast it
got there. Until M improves, it seems like the right way to go.




Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com


                                                                                                                            
                    "Winston Little"                                                                                        
                    <wlittle1@peoplepc.com        To:     canslim@lists.xmission.com                                        
                    >                             cc:                                                                       
                    Sent by:                      Subject:     Re: [CANSLIM] sweet chart                                    
                    owner-canslim@lists.xm                                                                                  
                    ission.com                                                                                              
                                                                                                                            
                                                                                                                            
                    07/10/2002 10:39 AM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




Mike:
My understanding is that 60% to 75% of all stocks show the "herd
performance".
That means that when the market is not going up, then only  25 to 40% will
rise.
It becomes more difficult or less likely that one can identify these
exceptional rising stocks.
However, it can be done, but one must be more vigilant in SELLING on any
signs of a loss.

- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, July 10, 2002 11:23 AM
Subject: RE: [CANSLIM] sweet chart


>
> I keep hearing the group saying that M is bad, and I can't disagree, but
it
> sure seems that when I am looking at IBD everyday, and looking at the
> stocks in the news, etc, there are a LOT that are up 30, 40 even 60% this
> year.  It is difficult to see those charts, and to be continually told
that
> we should be sitting on the sidelines...
>
> I guess that is why I joined the group, to learn more.....
>
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
>
>
>
>                     "Patrick Wahl"
>                     <pjwahl@attbi.com>            To:
canslim@lists.xmission.com
>                     Sent by:                      cc:
>                     owner-canslim@lists.xm        Subject:     RE:
[CANSLIM] sweet chart
>                     ission.com
>

>
>                     07/10/2002 10:09 AM
>                     Please respond to
>                     canslim
>
>
>
>
>
>
> Of course we'd all be delighted to hear your comments on the stock, not
> just the
> lack of comments.
>
> This market is in such a severe downward spiral that I don't see any
reason
> to be in
> there at the present time.  I know there are a few stocks going up and a
> few people
> on this list are having a little bit of success going long, but the odds
of
> being in a
> stock that is moving up don't seem very good right now.
>
> On 10 Jul 2002 at 9:29, Kelly Short wrote:
>
> > I expected this group, never short of opinion and insight, would have
> > responded with more fervor over your posting. Everyone must be sleeping
> this
> > morning.... Good morning. Would anyone like some juice?
>
>
>
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>
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>
>
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