Go to Jeff Salisbury LWGate Home Page.From: "Chuck Dreier" <chucknsc@mindspring.com>
Subject: Re: [CANSLIM] STOPs and GRMN and selling rules
Date: Thu, 22 May 2003 17:28:19 -0400
Next Article (by Author): Re: [CANSLIM] STOPs and GRMN and selling rules Fanus
Previous Article (by Author): [CANSLIM] SHFL Breaking Out "Chris Jones"
Top of Thread: Re: [CANSLIM] STOPs and GRMN and selling rules Fanus
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01C32087.89AFCEE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Fanus I have learned from this experience, no doubt about it! And so, right = or wrong, I bought back in this morning at $44.75. It cost me a few = dollars getting out and back in, but there was an upturn today after I = bought. I'm comfortable with my decision to get back in - we'll see how = it all shakes out in the long run.=20 Thanks to you, and everyone else, for your insights. Chuck =20 ----- Original Message -----=20 From: Fanus=20 To: canslim@lists.xmission.com=20 Sent: Thursday, May 22, 2003 5:07 PM Subject: Re: [CANSLIM] STOPs and GRMN and selling rules Chuck The 8% refer to the initial stop loss. This is the stop under your entry price, the percentage you are willing to risk. The 8% doesn't refer to your trailing stop. All the other sell rules come in play once you have a decent profit. =20 - Fanus --- Chuck Dreier <chucknsc@mindspring.com> wrote: > Mike, > The stop was at 8% below the top, rounding off to > the nearest dollar. I figure a drop of 8% from the > high (actually it was a little more than that) > follows the WON rule. > Chuck > ----- Original Message -----=20 > From: michael_niemotka@baxter.com=20 > To: canslim@lists.xmission.com=20 > Sent: Wednesday, May 21, 2003 5:09 PM > Subject: Re: [CANSLIM] STOPs and GRMN and selling > rules >=20 >=20 >=20 > Chuck, >=20 > What made you put a stop at $44? >=20 >=20 >=20 > 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 >=20 >=20 > =20 > =20 > =20 > "Chuck Dreier" =20 > =20 > =20 > <chucknsc@mindspring.c =20 > To: canslim@lists.xmission.com =20 > =20 > om> =20 > cc: =20 > =20 > Sent by: =20 > Subject: Re: [CANSLIM] STOPs and GRMN and > selling rules =20 > owner-canslim@lists.xm =20 > =20 > =20 > ission.com =20 > =20 > =20 > =20 > =20 > =20 > =20 > =20 > =20 > 05/21/2003 03:44 PM =20 > =20 > =20 > Please respond to =20 > =20 > =20 > canslim =20 > =20 > =20 > =20 > =20 > =20 > =20 > =20 > =20 >=20 >=20 >=20 >=20 > I was in Garmin at approx $25 and watched it rise > to $48 (a nearly 100% > gain!!). Then as it began to fall, I put a $44 > stop on it - 8%. Well, I > stopped out the other day and watched it continue > to decline thinking I'd > done the right thing. I was awaiting the 50 day > line at about $39 to see > how to proceed, and then low and behold - it > bounces back this afternoon on > major volume. It's up to about $44.90 in after > hours trading. >=20 > Boy, I'm at a loss about what to do now. I > honestly believe GRMN is a > great company. I jumped off the train, and want > back on. But... boy I > don't want to get whipsawed. The chart isn't > helping me make a decision. > Anyone else been through something like this > before? >=20 > Thanks... > Chuck > ----- Original Message ----- > From: michael_niemotka@baxter.com > To: canslim@lists.xmission.com > Sent: Wednesday, May 21, 2003 3:42 PM > Subject: RE: [CANSLIM] STOPs and GRMN and selling > rules >=20 >=20 > While we are still on the subject of trailing > stops, it can sometimes > backfire. >=20 > At one point, I was up over 20% in GRMN, after > only a three week time from > purchase. > I chose to put in a 15% trailing stop, ie at > worst case I would make a 5% > profit if the stop started to fall. I know some > would sell at least a > portion of the position at a 20% gain, but > because it came so quickly, I > remembered one of WON's rules that said that you > should hold a stock like > that for at least 8 weeks. He also said that > you should NEVER let a > stock > that is up 15-20% turn into a loss, so that is > why I used a 15% trailer. >=20 > And then today, I get the e-mail notice that my > stop loss has been > activated, and then I watch GRMN go on to have a > 10% swing during the day, > which would leave me at about a 15% gain again. >=20 > Overall, I still think GRMN is a great company , > and am mad that I got > booted out with the stop loss, but I think this > is something that everyone > has to deal with if you plan on being > un-emotional, and using rules. >=20 > So what would everyone else have done? Should I > have had a break even > stop > loss instead, since I was only up 20% but it > happened within the first 3 > weeks? >=20 > Also, what is everyone's interpretation of WON's > hold for 8 weeks rule > when > you get a high flyer? Do you limit the loss to > break even instead, to > give > it more leeway for a pullback? >=20 > Thanks >=20 > Mike >=20 > 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 >=20 >=20 >=20 > "Martin Guldenburg" >=20 > <martinguldenburg@hotm =20 > To: > canslim@lists.xmission.com > ail.com> =20 > cc: >=20 > Sent by: =20 > Subject: RE: > [CANSLIM] STOPs > owner-canslim@lists.xm >=20 > ission.com >=20 >=20 >=20 > 05/21/2003 02:27 PM >=20 > Please respond to > canslim >=20 >=20 >=20 >=20 >=20 >=20 >=20 >=20 =3D=3D=3D message truncated =3D=3D=3D __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0008_01C32087.89AFCEE0 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 6.00.2800.1170" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Fanus</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>I have learned from this experience, no = doubt about=20 it! And so, right or wrong, I bought back in this morning at = $44.75. =20 It cost me a few dollars getting out and back in, but there was an = upturn today=20 after I bought. I'm comfortable with my decision to get back = in -=20 we'll see how it all shakes out in the long run. </FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Thanks to you, and everyone else, for = your=20 insights.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Chuck </FONT></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=3Dfanus13@yahoo.com = href=3D"mailto:fanus13@yahoo.com">Fanus</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> Thursday, May 22, 2003 = 5:07=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] STOPs = and GRMN and=20 selling rules</DIV> <DIV><BR></DIV>Chuck<BR><BR>The 8% refer to the initial stop = loss. This=20 is the<BR>stop under your entry price, the percentage you = are<BR>willing to=20 risk. The 8% doesn't refer to your<BR>trailing stop. All = the other=20 sell rules come in play<BR>once you have a decent profit. = <BR><BR>-=20 Fanus<BR><BR>--- Chuck Dreier <<A=20 = href=3D"mailto:chucknsc@mindspring.com">chucknsc@mindspring.com</A>>=20 wrote:<BR>> Mike,<BR>> The stop was at 8% below the top, = rounding off=20 to<BR>> the nearest dollar. I figure a drop of 8% from = the<BR>>=20 high (actually it was a little more than that)<BR>> follows the WON = rule.<BR>> Chuck<BR>> ----- Original Message -----=20 <BR>> From: <A=20 = href=3D"mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</= A>=20 <BR>> To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= =20 <BR>> Sent: Wednesday, May 21, 2003 5:09 = PM<BR>> =20 Subject: Re: [CANSLIM] STOPs and GRMN and selling<BR>> = rules<BR>>=20 <BR>> <BR>> <BR>> Chuck,<BR>> = <BR>> =20 What made you put a stop at $44?<BR>> <BR>> <BR>>=20 <BR>> Mike Niemotka , PE<BR>> Sr. = Principal=20 Engineer<BR>> Baxter Healthcare = Corporation<BR>> =20 Route 120 & Wilson Road<BR>> Round Lake, IL=20 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>>=20 <BR>>=20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; =20 "Chuck=20 = Dreier" = =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; =20 <<A=20 = href=3D"mailto:chucknsc@mindspring.c">chucknsc@mindspring.c</A> &nbs= p; =20 <BR>> To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= &= nbsp; =20 = <BR>>  = ; =20 = <BR>>  = ; =20 = om> &= nbsp; &n= bsp;=20 <BR>>=20 = cc: &nbs= p;  = ; = = = <BR>>  = ; =20 = <BR>>  = ; =20 Sent=20 = by: &nbs= p; =20 <BR>> Subject: Re: [CANSLIM] STOPs and GRMN = and<BR>> selling=20 = rules &n= bsp; =20 = <BR>>  = ; =20 <A=20 = href=3D"mailto:owner-canslim@lists.xm">owner-canslim@lists.xm</A> &n= bsp; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; =20 = ission.com &nb= sp; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; =20 05/21/2003 03:44=20 PM =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; =20 Please respond=20 = to  = ;=20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; =20 = canslim = =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; = &= nbsp; &n= bsp; =20 = <BR>>  = ; =20 <BR>> <BR>> <BR>> <BR>> <BR>> I was in = Garmin at=20 approx $25 and watched it rise<BR>> to $48 (a nearly=20 100%<BR>> gain!!). Then as it began to fall, I = put a=20 $44<BR>> stop on it - 8%. Well, I<BR>> stopped = out the=20 other day and watched it continue<BR>> to decline thinking=20 I'd<BR>> done the right thing. I was awaiting the = 50=20 day<BR>> line at about $39 to see<BR>> how to = proceed, and=20 then low and behold - it<BR>> bounces back this afternoon=20 on<BR>> major volume. It's up to about $44.90 in=20 after<BR>> hours trading.<BR>> <BR>> Boy, I'm at = a loss=20 about what to do now. I<BR>> honestly believe GRMN is=20 a<BR>> great company. I jumped off the train, and = want<BR>> back on. But... boy I<BR>> don't = want to get=20 whipsawed. The chart isn't<BR>> helping me make a=20 decision.<BR>> Anyone else been through something like=20 this<BR>> before?<BR>> <BR>> =20 Thanks...<BR>> Chuck<BR>> ----- = Original=20 Message -----<BR>> From: <A=20 = href=3D"mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</= A><BR>> =20 To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 Sent: Wednesday, May 21, 2003 3:42 PM<BR>> = Subject: RE:=20 [CANSLIM] STOPs and GRMN and selling<BR>> rules<BR>> <BR>>=20 <BR>> While we are still on the subject of=20 trailing<BR>> stops, it can sometimes<BR>> =20 backfire.<BR>> <BR>> At one point, I was up = over 20%=20 in GRMN, after<BR>> only a three week time = from<BR>> =20 purchase.<BR>> I chose to put in a 15% = trailing=20 stop, ie at<BR>> worst case I would make a = 5%<BR>> =20 profit if the stop started to fall. I know some<BR>> would = sell at=20 least a<BR>> portion of the position at a 20% = gain,=20 but<BR>> because it came so quickly, I<BR>> = remembered=20 one of WON's rules that said that you<BR>> should hold a stock=20 like<BR>> that for at least 8 weeks. = He also=20 said that<BR>> you should NEVER let a<BR>> =20 stock<BR>> that is up 15-20% turn into a loss, so = that=20 is<BR>> why I used a 15% trailer.<BR>> = <BR>> And=20 then today, I get the e-mail notice that my<BR>> stop loss has=20 been<BR>> activated, and then I watch GRMN go on = to have=20 a<BR>> 10% swing during the day,<BR>> which = would=20 leave me at about a 15% gain again.<BR>> <BR>> = Overall, I still think GRMN is a great company ,<BR>> and am mad = that I=20 got<BR>> booted out with the stop loss, but I = think=20 this<BR>> is something that everyone<BR>> has = to deal=20 with if you plan on being<BR>> un-emotional, and using = rules.<BR>>=20 <BR>> So what would everyone else have = done? Should=20 I<BR>> have had a break even<BR>> =20 stop<BR>> loss instead, since I was only up 20% = but=20 it<BR>> happened within the first 3<BR>> =20 weeks?<BR>> <BR>> Also, what is everyone's=20 interpretation of WON's<BR>> hold for 8 weeks=20 rule<BR>> when<BR>> you get = a high=20 flyer? Do you limit the loss to<BR>> break even instead,=20 to<BR>> give<BR>> it more = leeway for=20 a pullback?<BR>> <BR>> Thanks<BR>>=20 <BR>> Mike<BR>> <BR>> = Mike=20 Niemotka , PE<BR>> Sr. Principal=20 Engineer<BR>> Baxter Healthcare=20 Corporation<BR>> Route 120 & Wilson=20 Road<BR>> Round Lake, IL = 60073<BR>> =20 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>>=20 <BR>> <BR>>=20 = <BR>>  = ; = =20 "Martin Guldenburg"<BR>>=20 = <BR>>  = ; = =20 <<A=20 = href=3D"mailto:martinguldenburg@hotm">martinguldenburg@hotm</A> &nbs= p; =20 <BR>> To:<BR>> <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>  = ; = =20 = ail.com> &n= bsp; =20 <BR>> cc:<BR>>=20 = <BR>>  = ; = =20 Sent=20 = by: &nbs= p; =20 <BR>> Subject: = RE:<BR>> =20 [CANSLIM]=20 = STOPs<BR>> = &= nbsp;=20 <A = href=3D"mailto:owner-canslim@lists.xm">owner-canslim@lists.xm</A><BR>>= =20 = <BR>>  = ; = =20 ission.com<BR>> <BR>> <BR>>=20 = <BR>>  = ; = =20 05/21/2003 02:27 PM<BR>>=20 = <BR>>  = ; = =20 Please respond=20 = to<BR>> &nb= sp; &nbs= p;=20 canslim<BR>> <BR>> <BR>> <BR>> <BR>> <BR>> <BR>> = <BR>>=20 <BR>=3D=3D=3D message truncated=20 =3D=3D=3D<BR><BR><BR>__________________________________<BR>Do you = Yahoo!?<BR>The New=20 Yahoo! Search - Faster. Easier. Bingo.<BR><A=20 = href=3D"http://search.yahoo.com">http://search.yahoo.com</A><BR><BR>-<BR>= - -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0008_01C32087.89AFCEE0-- - - - -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 Author): Re: [CANSLIM] STOPs and GRMN and selling rules Fanus
Previous Article (by Author): [CANSLIM] SHFL Breaking Out "Chris Jones"
Top of Thread: Re: [CANSLIM] STOPs and GRMN and selling rules Fanus
Articles sorted by: [Date]
[Author]
[Subject]