Go to Jeff Salisbury LWGate Home Page.From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] CECO and COCO
Date: Tue, 22 Oct 2002 08:41:18 -0600
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Another thing is that whenever a bunch of the momo stocks gap I tighten my
stop on anything else I do have because they usually move before the rest of
the market. This is one concept that worked great in the bull market and
actually still works pretty good now.
David Taggart
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart
Sent: Tuesday, October 22, 2002 8:38 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] CECO and COCO
I never sell when it gaps. When LU gapped against me in July 2000 I just
kept it I should be in the money by 2050.
I am entirely joking I have never owned LU and I always sell at gaps. If
it breaks its 10 min low the morning after I am out. I might re enter for a
day trade if it looks like it will fill in the gap but as far as my position
trades I am out if it gaps. Far too often (like just about always) it is
just the beginning of things to come.
David Taggart
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Tuesday, October 22, 2002 8:20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CECO and COCO
Hi Mike,
I never like a chart with an inexplicable gap down, even if action just
after the gap looks as though the stock is recovering. I call it the "IRF
Sell Rule." At one time I had a decent gain in IRF and the stock was bucking
an otherwise iffy market. One day it just gapped down. No news, no
downgrades, nothing. It recovered a bit the next day and I sold. Sure enough
about a week later it took a big plunge on earnings disappointment and a
lousy market backdrop. Whew....managed to lock in the gains *and* avoided a
big loss.
See marked charts on CECO and COCO at:
http://WallStreet-LLC.com/canslim/CECO102102.JPG
http://WallStreet-LLC.com/canslim/COCO102102.JPG
Katherine
----- Original Message -----
From: michael_niemotka@baxter.com
To: canslim@lists.xmission.com
Sent: Tuesday, October 22, 2002 8:46 AM
Subject: [CANSLIM] CECO and COCO
Yikes!
Can someone please explain what is happening to these stocks that have
broken out, and stayed above the pivot, but now have crashed hard?
Only
thing I can find is that a number of places downgraded CECO even
though
they announced that they beat there numbers for the 3rd quarter. Was
there
anything in the charts that would suggest this happening?
It is this type of swing that makes me sometimes want to just stuff
the
mattress rather than investing in stocks......
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
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<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D672433914-22102002>Another thing is that whenever a bunch of the =
momo=20
stocks gap I tighten my stop on anything else I do have because they =
usually=20
move before the rest of the market. This is one concept that =
worked great=20
in the bull market and actually still works pretty good now. =20
</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D672433914-22102002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D672433914-22102002>David=20
Taggart</SPAN></FONT></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>David=20
Taggart<BR><B>Sent:</B> Tuesday, October 22, 2002 8:38 =
AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] CECO and=20
COCO<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D853493314-22102002>I=20
never sell when it gaps. When LU gapped against me in July 2000 =
I just=20
kept it I should be in the money by 2050.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D853493314-22102002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D853493314-22102002>I am=20
entirely joking I have never owned LU and I always sell at gaps. =
If it=20
breaks its 10 min low the morning after I am out. I might re =
enter for a=20
day trade if it looks like it will fill in the gap but as far as my =
position=20
trades I am out if it gaps. Far too often (like just about =
always) it is=20
just the beginning of things to come.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D853493314-22102002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D853493314-22102002>David Taggart</SPAN></FONT></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of =
</B>Katherine=20
Malm<BR><B>Sent:</B> Tuesday, October 22, 2002 8:20 AM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] CECO and =
COCO<BR><BR></FONT></DIV>
<DIV>Hi Mike,</DIV>
<DIV> </DIV>
<DIV>I never like a chart with an inexplicable gap down, even if =
action just=20
after the gap looks as though the stock is recovering. I call it the =
"IRF=20
Sell Rule." At one time I had a decent gain in IRF and the stock was =
bucking=20
an otherwise iffy market. One day it just gapped down. No news, no=20
downgrades, nothing. It recovered a bit the next day and I sold. =
Sure enough=20
about a week later it took a big plunge on earnings disappointment =
and a=20
lousy market backdrop. Whew....managed to lock in the gains *and* =
avoided a=20
big loss.</DIV>
<DIV> </DIV>
<DIV>See marked charts on CECO and COCO at:</DIV>
<DIV><A=20
=
href=3D"http://WallStreet-LLC.com/canslim/CECO102102.JPG">http://WallStre=
et-LLC.com/canslim/CECO102102.JPG</A></DIV>
<DIV><A=20
=
href=3D"http://WallStreet-LLC.com/canslim/COCO102102.JPG">http://WallStre=
et-LLC.com/canslim/COCO102102.JPG</A></DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmichael_niemotka@baxter.com=20
=
href=3D"mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</=
A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, October 22, =
2002 8:46=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] CECO and =
COCO</DIV>
<DIV><BR></DIV>Yikes!<BR><BR>Can someone please explain what is =
happening=20
to these stocks that have<BR>broken out, and stayed above the =
pivot, but=20
now have crashed hard? Only<BR>thing I can find is that a =
number of=20
places downgraded CECO even though<BR>they announced that they =
beat there=20
numbers for the 3rd quarter. Was there<BR>anything in the =
charts=20
that would suggest this happening?<BR><BR>It is this type of swing =
that=20
makes me sometimes want to just stuff the<BR>mattress rather than=20
investing in stocks......<BR><BR>Mike Niemotka , PE<BR>Sr. =
Principal=20
Engineer<BR>Baxter Healthcare Corporation<BR>Route 120 & =
Wilson=20
Road<BR>Round Lake, IL 60073<BR>Tel (847) 270-4075<BR>Fax (847)=20
270-4525<BR><A=20
=
href=3D"mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</=
A><BR><BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Previous Article (by Date): RE: [CANSLIM] CECO and COCO "David Taggart"
Top of Thread: Re: [CANSLIM] CECO and COCO "Tom Worley"
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