Go to Jeff Salisbury LWGate Home Page.From: "rchodes" <rchodes@charter.net>
Subject: [CANSLIM] Question about 5% rule
Date: Mon, 5 May 2003 20:00:34 -0700
Previous Article (by Author): RE: [CANSLIM] How much support is the 50 DMA? (JOSB) michael_niemotka@baxter.com
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This is a multi-part message in MIME format. - ------=_NextPart_000_004B_01C31340.FD343E40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I have a question about the rule not to buy a stock that has moved up in = price more than 5% above the pivot point. This rule is easy to follow = if the stock price is above $15. I know that some of you, such as Tom, = follow small caps that may have a price below $10, perhaps in the $5 = range. Well 5% of $5 is .25 and it's pretty hard to jump onto that = sucker before it goes up .25 from the pivot point. One can always cheat and buy before the anticipated breakout. Or you = can expand the 5% rule to maybe 15% or so. To those of you who troll in = these waters, what do you? Thanks. Bob Hodes - ------=_NextPart_000_004B_01C31340.FD343E40 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 6.00.2722.900" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>I have a question about the rule not to = buy a stock=20 that has moved up in price more than 5% above the pivot point. = This rule=20 is easy to follow if the stock price is above $15. I know that = some of=20 you, such as Tom, follow small caps that may have a price below $10, = perhaps in=20 the $5 range. Well 5% of $5 is .25 and it's pretty hard to jump = onto that=20 sucker before it goes up .25 from the pivot point.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>One can always cheat and buy before the = anticipated=20 breakout. Or you can expand the 5% rule to maybe 15% or so. = To those=20 of you who troll in these waters, what do you? = Thanks.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Bob Hodes</FONT></DIV></BODY></HTML> - ------=_NextPart_000_004B_01C31340.FD343E40-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Author): RE: [CANSLIM] How much support is the 50 DMA? (JOSB) michael_niemotka@baxter.com
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