Go to Jeff Salisbury LWGate Home Page.From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: Re: [CANSLIM] breakouts to come
Date: Mon, 2 Jun 2003 21:46:19 -0700
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Rolf,
I was referring to "Where The Big Moneys Flowing Now". There. I wrote it -
not the IBD police will be sending me my "letter". (I prefer not to call the
IBD features by exact name for that reason). It's updated throughout the
day. Sometimes a breakout show up there. Always worth a look.
Late stage rally??? Boy I hope this "stage" of the bull run is an early one!
(g) I'm tired of the bear rally's and failed breakouts of the past. That
said, as long as the market is holding up...I'm still looking for fresh
ideas. I did notice a couple positions I hold (SHFL & MRVL)pull back today.
They are also mentioned in IBD's 100 so I expect them to pullback from the
exposure. (g) I'm using hard stops these days for protection.
Another thing to look at with these broken out leaders is the LLUR pattern
(see the FAQ about this pattern). Sometimes they are a nice smooth slope up
that can do well. Ebay is a perfect example. I've been following this one up
with a trailing stop...just incase.
- --
Bill
- ----- Original Message -----
From: "Rolf Hertenstein" <rolfh@mindspring.com>
To: <canslim@lists.xmission.com>
Sent: Monday, June 02, 2003 10:39 AM
Subject: Re: Re: [CANSLIM] breakouts to come
Hi Bill - Are you referring to IBD's Screen of the Day?
I think in a recent discussion of the market, IBD mentioned that further
breakouts at this stage of this bull run (however long it'll be) are more
likely to be 'second rate'. The real leaders have broken out and already
have good gains. This won't stop me from looking of course.
Rolf
For list creation, I'd also do a quick scan of the daily updated stocks
featured on the IBD site for possible setup/entry points.
--
Bill
-----------------------------------------------------------------
I was just going through the charts of IBD100 last night, and was thinking
the exact same thing. Are there any other lists of high quality CANSLIM
stocks that should be scanned to check for proper price patterns?
Chris
----- Original Message -----
From: Ann Hollingworth
To: CANSLIM Listserv
Sent: Monday, June 02, 2003 4:28 AM
Subject: [CANSLIM] breakouts to come
It seems to me, as I hunt through WR and IBD100, that there are a lot of
overextended stocks, and not to many on the right side of their cup or
ready to break out.
It would seem to me that there could be two reasons for this:
1. The rally is going to wane.
2. The WR and IBD100 do not produce stocks at this state of their
development.
Any comments??
Ann
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