Go to Jeff Salisbury LWGate Home Page.From: "Chris Jones" <SwingKid104@attbi.com>
Subject: Re: [CANSLIM] Options
Date: Sun, 25 May 2003 01:43:32 -0700
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I've been wondering about the same thing. In most stocks with a sound CwH, they'll often go up $5 or so within only a few days of breakout (in my limited experience). In many cases trading options (not to limit losses, but to speculate) would produce a 50-100% return with only a $5 increase in the stock price. That seems very tempting to me, until I remember that if the breakout fails and the stock falls below your strike price, you're instantly out nearly 100%. Risk and return, but it sure sounds tempting. Has anyone tried doing this with CANSLIM stocks breaking out of CwH bases? IMO, using stops at 8% would prevent you from really needing to use options to protect yourself, and they cut into your profits if you're right. Of course, I've never even used an option yet, so take that for what it's worth. Chris - ----- Original Message ----- From: "david rossing" <pimpdaddycueball@yahoo.com> To: <canslim@lists.xmission.com> Sent: Saturday, May 24, 2003 8:26 AM Subject: [CANSLIM] Options > I was wondering, does anyone here use options when they are doing > CANSLIM? I don't know a lot about options, so I am trying to figure > out if they are useful here, and could help set stop loss limits, > though not necessarily at an 8% price drop. Thanks > > Dave > > __________________________________ > 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. - - - -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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