Go to Jeff Salisbury LWGate Home Page.From: "Dempsey, Chris" <Chris.Dempsey@ReedHycalog.com>
Subject: RE: [CANSLIM] Options
Date: Sun, 25 May 2003 16:08:08 -0500
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I would not recommend using options until you are very good at CANSLIM. - -----Original Message----- From: Chris Jones [mailto:SwingKid104@attbi.com] Sent: Sunday, May 25, 2003 3:44 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Options 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 -----=20 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 - - - -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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