Re: [CANSLIM] sweet chart

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] sweet chart
Date: Wed, 10 Jul 2002 19:48:29 -0400
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C'mon Michael, you should have put in a stop at least at 10% to protect
gains. Or a protective put. In a Bear, throw out most Bull rules and use
common sense.

DanF
- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, July 10, 2002 11:46 AM
Subject: Re: [CANSLIM] sweet chart


>
> 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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