Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] "M"
Date: Fri, 14 Mar 2003 11:01:13 -0600
Previous Article (by Author): Re: [CANSLIM] "M" "david frank"
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Ed,
Okay, so you averaged the multiple purchases. I think I understand. Thanks
for the clarification.
Mike
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
"Edward W. Gjertsen
II" To: canslim@lists.xmission.com
<ed@macktracks.com> cc:
Sent by: Subject: RE: [CANSLIM] "M"
owner-canslim@lists.xm
ission.com
03/14/2003 10:26 AM
Please respond to
canslim
No - we are moving it up - an 8% hard stop would put us around $17.62
from an adjusted cost basis of $19.15.
Ed Gjertsen II
ed@macktracks.com
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- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, March 14, 2003 10:16 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] "M"
Ed,
Just curious, you have a $17.50 stop on a purchase of $19.82, so that is
a
12% loss stop. Is that normally how you work it, or are you
particularly
giving this stock more room to move?
Thanks
Mike
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
"Edward W. Gjertsen
II" To:
canslim@lists.xmission.com
<ed@macktracks.com> cc:
Sent by: Subject: RE:
[CANSLIM] "M"
owner-canslim@lists.xm
ission.com
03/14/2003 10:06 AM
Please respond to
canslim
David -Canslim is not dead, just hibernating - I was just recalling the
hot debate that was bubbling on this board over the last couple of
weeks. I won't do this very often but here is an example of a stock we
recently purchased:
OVTI - Omnivision Technologies
Bought 2/28/2003 @ $18.49
Sold half initial position on 3/7/2003 @ $18.29
Bought 3/13/2003 at $19.82 off pivot.
Initial stop at 17.50 - will raise today
There is no sell point unless the stock performs poorly.
Look in IBD today page B8 Nasdaq recap.
Also - I hope the group realizes that I am very humble - the quickest
and easiest way to get you head handed to you is to think that you are
bigger than the market - been there, done that.
Ed Gjertsen II
ed@macktracks.com
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- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Friday, March 14, 2003 9:31 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] "M"
Who said that CANSLIM was dead? The challenge is still there. Tell us
when
"M" is "M", and name one stock that you are buying, the buy point, the
sell
point, and the stop point, which will not be a recommendation, but for
educational purposes only. One should be more humble and not relish so
much.
Thank you, Dave
- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Friday, March 14, 2003 8:53 AM
Subject: Re: [CANSLIM] "M"
> Good point, Ed. I am doing a little better, up about 5% in both the
IRA
and
> the margin accounts since last Friday, nearly that in my VR Fund. But
I
> gained over 10% in the margin acct yesterday in order to now be up
5%!!!!
> Arrrrgggghhhhh!!
>
> ----- Original Message -----
> From: "Edward W. Gjertsen II" <ed@macktracks.com>
> To: <canslim@lists.xmission.com>
> Sent: Friday, March 14, 2003 9:50 AM
> Subject: RE: [CANSLIM] "M"
>
>
> The preponderant messages relating to the death of canslim seemed like
a
> great contrarian indicator. Those followers who are not in front of
> screens all day should by all means be on the sidelines during all
this.
> The S&P from last Friday to this morning was only up 0.36% even with
> yesterday's 3.45% gain. It is still a treacherous market, tread
> lightly, and if you invest go small - if you have a profit - build
> slowly. We call our approach aggressive conservation - if you lose -
> don't lose big.
>
> Good investing
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
> Confidentiality Notice: This e-mail message, including any
attachments,
> is for the sole use of the intended recipient(s) and may contain
> confidential and privileged information. Any unauthorized review,
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> disclosure or distribution is prohibited. If you are not the intended
> recipient, please contact the sender by reply e-mail and destroy all
> copies of the original message.
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
> Sent: Thursday, March 13, 2003 6:25 PM
> To: CANSLIM
> Subject: [CANSLIM] "M"
>
> OK, we got a good rally today, whether it was just a relief rally, or
> short
> covering, or maybe even a real rally, with real sidelined cash flowing
> back
> in.
>
> Mutual funds only have two weeks to invest any cash in excess of their
> limits, and may have contributed. A delay in a vote at the UN is being
> credited, so just may be news driven, here today, gone tomorrow.
>
> Nonetheless, we certainly got a 2+% gain on every index, and on volume
> well
> exceeding daily average. And that comes in a period when daily volume
> has
> been typically well under average.
>
> So, is anybody starting to count the days, looking for the follow thru
> day
> 4-7 days out? Coincidentally, that period might also fall just after
war
> with Iraq is unilaterally initiated by the USA, which would cause at
> least
> some minor relief rally.
>
> Does anyone trust today's gains? With so much news, can we trust
> technicals?
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
>
>
>
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