Go to Jeff Salisbury LWGate Home Page.From: "Jeff Mulder" <jeff@mulder.com>
Subject: [CANSLIM] Re: stops
Date: Fri, 27 Dec 2002 22:45:47 -0500
Next Article (by Subject): Re: [CANSLIM] Worley's Weekend Weeview Dave Cameron
Previous Article (by Subject): RE: [CANSLIM] Big Money AGAIN, oh dear! Hay look Andy! "Katherine Malm"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_004F_01C2ADF9.B25BD560
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<< Also, Weinstein uses STOPs for buying or selling pretty much all the =
time, while O'Neil doesn't like them in general. >>
O'Neil doesn't like limit orders. He prefers mental stop-loss orders =
over hard stop-loss orders as long as the investor can watch prices =
during the day (and has the discipline to execute them). HTMMIS does =
not give an opinion on buy-stop orders, but I don't think O'Neil objects =
to them, as they simply become market orders once price reaches the =
pivot point.
- - Jeff
----- Original Message -----=20
From: rolf hertenstein=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, December 24, 2002 7:37 PM
Subject: Re: [CANSLIM] Intro : New List Member
Ho-ho-ho (!) to one and all!
I've just read Weinstein's book - very enjoyable, easy reading, yet =
informative.
Helped solidify several technical items poorly explained in O'Neil's =
books.
I agree with Ann - not quite CANSLIM. First, he says the heck with =
fundamentals.
But it's easy to ignore that and still learn from his technical =
insights. Second,=20
his favorite chart patterns aren't the same as O'Neil's - generally =
Weinstein's
technical analysis recommends jumping in earlier. For instance, his =
Stage 2
(the beginning of which he recommends buying) often seemed to =
encompass
the right-hand bottom of a cup, the handle and subsequent breakout. =
Also,=20
Weinstein uses STOPs for buying or selling pretty much all the time, =
while
O'Neil doesn't like them in general. There are a lot of ideas in =
common as well.
All in all, fun stuff, and worth the $14 or whatever it was.
Time for a Christmas Eve Bailey's on a cool clear night......
Rolf
----- Original Message -----=20
From: Ann=20
To: CANSLIM Listserv=20
Sent: Tuesday, December 24, 2002 9:17 AM
Subject: Re: [CANSLIM] Intro : New List Member
Hi, Welcome to the group,
Although I have been part of the group for almost two years, I still =
feel like a newcomer. There's so much to learn! Katherine M., a frequent =
and helpful contributor to the group, recommended the following book to =
me:
Stan Weinstein's Secrets of Profiting in Bull and Bear Markets
It's not CANSLIM specifically, but helped me to understand the =
rationale behind CANSLIM better. I still use CANSLIM for my buy and sell =
rules, though.
I also recommend paper trading for awhile, though some say that you =
only REALLY learn by doing!
Ann=20
----- Original Message -----=20
From: c bourgeois=20
To: CANSLIM=20
Sent: Tuesday, December 24, 2002 7:37 AM
Subject: [CANSLIM] Intro : New List Member
Hello Everyone,
I am reading Bill O'Neals book for the second time and have =
just become an IBD subscriber. I'm very happy to have found the CANSLIM =
list! I'm very new to investing (have not even made my first trade yet) =
but I am eager to get started. I only have about 5k to trade with. My =
question is should I be trading at all at this point? O'Neal advises to =
wait out a bear market (this is a bear market isn't it?). If I do =
trade, how many stocks should I concentrate on and how much of my equity =
should I invest in it? I plan to use the free stock screener at Multex =
to build a watch list meeting the CANSLIM criteria, then to research the =
fundamentals on those and study their charts. Can anyone recommend a =
good book on reading charts? Thanks in advance for you help!
- -------------------------------------------------------------------------=
- -
Do you Yahoo!?
Yahoo! Mail Plus - Powerful. Affordable. Sign up now
- ------=_NextPart_000_004F_01C2ADF9.B25BD560
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2><< Also, <FONT face=3DArial =
size=3D2>Weinstein=20
uses STOPs for buying or selling pretty much all the time, while =
</FONT><FONT=20
face=3DArial size=3D2>O'Neil doesn't like them in general. =
>></FONT>
<DIV> </DIV>
<DIV>O'Neil doesn't like limit orders. He prefers mental stop-loss =
orders=20
over hard stop-loss orders as long as the investor can watch prices =
during the=20
day (and has the discipline to execute them). HTMMIS does not give =
an=20
opinion on buy-stop orders, but I don't think O'Neil objects to them, as =
they=20
simply become market orders once price reaches the pivot point.</DIV>
<DIV> </DIV>
<DIV>- Jeff</DIV></FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Drolfh@mindspring.com =
href=3D"mailto:rolfh@mindspring.com">rolf=20
hertenstein</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, December 24, =
2002 7:37=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Intro : =
New List=20
Member</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Ho-ho-ho (!) to one and =
all!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I've just read Weinstein's book - =
very enjoyable,=20
easy reading, yet informative.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Helped solidify several =
technical items=20
poorly explained in O'Neil's books.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I agree with Ann - not quite =
CANSLIM. =20
First, he says the heck with fundamentals.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>But it's easy to ignore that and =
still learn from=20
his technical insights. Second, </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>his favorite chart patterns aren't =
the same as=20
O'Neil's - generally Weinstein's</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>technical analysis recommends jumping =
in=20
earlier. For instance, his Stage 2</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>(the beginning of which he recommends =
buying)=20
often seemed to encompass</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>the right-hand bottom of a cup, the =
handle and=20
subsequent breakout. Also, </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Weinstein uses STOPs for buying or =
selling pretty=20
much all the time, while</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>O'Neil doesn't like them in =
general. There=20
are a lot of ideas in common as well.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>All in all, fun stuff, and worth the =
$14 or=20
whatever it was.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Time for a Christmas Eve Bailey's on =
a cool clear=20
night......</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Rolf</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dannholly@attbi.com =
href=3D"mailto:annholly@attbi.com">Ann</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">CANSLIM Listserv</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, December 24, =
2002 9:17=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Intro =
: New List=20
Member</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Hi, Welcome to the group,</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Although I have been part of the group for =
almost two=20
years, I still feel like a newcomer. There's so much to learn! =
Katherine M.,=20
a frequent and helpful contributor to the group, recommended the =
following=20
book to me:</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Stan Weinstein's Secrets of Profiting in Bull =
and Bear=20
Markets</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>It's not CANSLIM specifically, but helped me to =
understand=20
the rationale behind CANSLIM better. I still use CANSLIM for my buy =
and sell=20
rules, though.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>I also recommend paper trading for awhile, =
though some say=20
that you only REALLY learn by doing!</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Ann </FONT></DIV>
<DIV><BR></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=3Duptickchick2003@yahoo.com=20
href=3D"mailto:uptickchick2003@yahoo.com">c bourgeois</A> </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</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, December 24, =
2002 7:37=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Intro : =
New List=20
Member</DIV>
<DIV><BR></DIV>
<P>Hello Everyone,</P>
<P> I am reading Bill O'Neals book for the second time =
and=20
have just become an IBD subscriber. I'm very happy to have =
found the=20
CANSLIM list! I'm very new to investing (have not even made =
my first=20
trade yet) but I am eager to get started. I only have about =
5k to=20
trade with. My question is should I be trading at all at =
this=20
point? O'Neal advises to wait out a bear market (this is a =
bear=20
market isn't it?). If I do trade, how many stocks should I=20
concentrate on and how much of my equity should I invest in =
it? I=20
plan to use the free stock screener at Multex to build a =
watch=20
list meeting the CANSLIM criteria, then to research the =
fundamentals=20
on those and study their charts. Can anyone recommend a good =
book on=20
reading charts? Thanks in advance for you help!</P>
<P></P>
<P><BR>
<HR SIZE=3D1>
Do you Yahoo!?<BR><A=20
=
href=3D"http://rd.yahoo.com/mail/mailsig/*http://mailplus.yahoo.com">Yaho=
o!=20
Mail Plus</A> - Powerful. Affordable. <A=20
=
href=3D"http://rd.yahoo.com/mail/mailsig/*http://mailplus.yahoo.com">Sign=
up=20
now</A></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_004F_01C2ADF9.B25BD560--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): Re: [CANSLIM] Worley's Weekend Weeview Dave Cameron
Previous Article (by Subject): RE: [CANSLIM] Big Money AGAIN, oh dear! Hay look Andy! "Katherine Malm"
Articles sorted by: [Date]
[Author]
[Subject]