Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] sweet chart
Date: Thu, 11 Jul 2002 08:28:08 -0500
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Ouch,
Nothing like kicking a guy when he is down..... Just kidding. I know you
are right, and trust me, I have learned from the experience. Funny thing
is, I just read a little about that in the new HTMMIS last night, about
NEVER letting a gain of 15% plus ever go back to a loss.....
Live and learn
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
"Dan Forant"
<dforant1@nycap.rr.com To: canslim@lists.xmission.com
> cc:
Sent by: Subject: Re: [CANSLIM] sweet chart
owner-canslim@lists.xm
ission.com
07/10/2002 06:48 PM
Please respond to
canslim
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?
> >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
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> >
> >
> >
> >
> >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim". Do not use quotes in your email.
> >
>
>
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