Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] (CANSLIM) TBl and MATK
Date: Sat, 19 Apr 2003 01:17:14 -0400
Previous Article (by Date): Re: [CANSLIM] (CANSLIM) TBl and MATK AJAskey@aol.com
Top of Thread: Re: [CANSLIM] (CANSLIM) TBl and MATK "Norman Boyd"
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This is a multi-part message in MIME format. - ------=_NextPart_000_0142_01C30611.691A7C60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Andy, I am not sure what you mean by a "proven winner" or an "unproven = stock just breaking out". Many of the stocks viewed by the majority of = money managers and private investors alike as "proven winners" are down = 60 to 90 percent in the past year or so. Putting money there in no way = assures one of increasing their capital.=20 By the time a stock is a "proven winner" it is often too late to capture = most of the potential gain. Every stock purchase is a risk, buying one = as it is breaking out lessens that risk, and it has nothing to do with = whether the stock is a "proven winner" or not. Three stocks come to my = mind without thinking, EPIQ, DOCC, FWHT. Each of these have given me a = 100% return or better in approximately one year, yet none were household = names, or proven winners, when I first purchased them. Even WON encourages newcomers to CANSLIM to take profits early, because = he found that far too many investors simply don't know how to take = profits. Thus, he set a 20% threshold for profit taking. As you gain = experience, eventually you begin to learn when and how to hold onto the = few that can make huge profits. One thing Roger should do with that quick $15K profit is set a third of = it aside in a nice quiet secure money market or one year CD, so he has = it to pay short term capital gains taxes next year. - ----- Original Message -----=20 From: AJAskey@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 18, 2003 10:53 PM Subject: Re: [CANSLIM] (CANSLIM) TBl and MATK In a message dated 4/18/2003 6:25:24 PM Central Daylight Time, = gagnonr001@hawaii.rr.com writes: As I told you earlier I am a novice. The only thing that motivated me = to sell was the $15,000+++ profit and nothing else. I have been burned = so many times in the past (nonCANSLIM) seeing a stock go up and waiting = for more profit or not wanting to sell becuz of taxes that I decided this = time I would take my profit and run. There maybe more money to be made but = I was scared.=20 Roger, Congrats on your gains. You comments are interesting about being scared = as I think it was Jesse Livermore who said people are "scared when they = should be hopeful and hopeful when they should be scared". (I believe = it was cited in HTMMIS also.) The question I have is are you going to put that original investment = plus the $15,000 into another good looking stock any time soon? If you = take the profits and pay off a auto loan or something like that then you = did the right thing. If you buy a different stock next week with that = money then your logic is flawed. Your money was much more safe in a = proven winner than in an unproven stock just breaking out. It doesn't = always feel that way but those who let their winners run make out better = than those who constantly take partial profits and try to find a stock = as good as the one they just sold. Again, I believe it was Jesse = Livermore who said he made the most gains while sitting and waiting = instead of always getting in and out. Andy - ------=_NextPart_000_0142_01C30611.691A7C60 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 6.00.2800.1141" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>Andy, I am not sure what you mean by a "proven = winner" or=20 an "unproven stock just breaking out". Many of the stocks viewed by the = majority=20 of money managers and private investors alike as "proven winners" are = down 60 to=20 90 percent in the past year or so. Putting money there in no way assures = one of=20 increasing their capital. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>By the time a stock is a "proven winner" it is = often too=20 late to capture most of the potential gain. Every stock purchase = is a=20 risk, buying one as it is breaking out lessens that risk, and it has = nothing to=20 do with whether the stock is a "proven winner" or not. Three stocks come = to my=20 mind without thinking, EPIQ, DOCC, FWHT. Each of these have given me a = 100%=20 return or better in approximately one year, yet none were household = names, or=20 proven winners, when I first purchased them.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Even WON encourages newcomers to CANSLIM to take = profits=20 early, because he found that far too many investors simply don't know = how to=20 take profits. Thus, he set a 20% threshold for profit taking. As = you gain=20 experience, eventually you begin to learn when and how to hold onto the = few that=20 can make huge profits.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>One thing Roger should do with that quick $15K = profit is=20 set a third of it aside in a nice quiet secure money market or one year = CD, so=20 he has it to pay short term capital gains taxes next year.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3DAJAskey@aol.com = href=3D"mailto:AJAskey@aol.com">AJAskey@aol.com</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Friday, April 18, 2003 10:53 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] (CANSLIM) TBl and MATK</DIV></DIV> <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 face=3DArial = size=3D2=20 FAMILY=3D"SANSSERIF">In a message dated 4/18/2003 6:25:24 PM Central = Daylight=20 Time, <A = href=3D"mailto:gagnonr001@hawaii.rr.com">gagnonr001@hawaii.rr.com</A>=20 writes:<BR><BR> <BLOCKQUOTE=20 style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px = solid; MARGIN-RIGHT: 0px"=20 TYPE=3D"CITE">As I told you earlier I am a novice. The only thing = that=20 motivated me to<BR>sell was the $15,000+++ profit and nothing = else. I=20 have been burned so<BR>many times in the past (nonCANSLIM) seeing a = stock go=20 up and waiting for<BR>more profit or not wanting to sell becuz of = taxes that I=20 decided this time<BR>I would take my profit and run. There maybe = more=20 money to be made but I<BR>was scared.=20 </BLOCKQUOTE><BR><BR>Roger,<BR><BR>Congrats on your gains. You = comments=20 are interesting about being scared as I think it was Jesse Livermore who = said=20 people are "scared when they should be hopeful and hopeful when they = should be=20 scared". (I believe it was cited in HTMMIS also.)<BR><BR>The = question I=20 have is are you going to put that original investment plus the $15,000 = into=20 another good looking stock any time soon? If you take the profits = and pay=20 off a auto loan or something like that then you did the right = thing. If=20 you buy a different stock next week with that money then your logic is=20 flawed. Your money was much more safe in a proven winner than in = an=20 unproven stock just breaking out. It doesn't always feel that way = but=20 those who let their winners run make out better than those who = constantly take=20 partial profits and try to find a stock as good as the one they just = sold. =20 Again, I believe it was Jesse Livermore who said he made the most gains = while=20 sitting and waiting instead of always getting in and = out.<BR><BR>Andy</FONT>=20 </FONT></BODY></HTML> - ------=_NextPart_000_0142_01C30611.691A7C60-- - - - -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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Top of Thread: Re: [CANSLIM] (CANSLIM) TBl and MATK "Norman Boyd"
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