Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] breakouts to come -- STOPS
Date: Tue, 3 Jun 2003 15:59:20 -0500
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MessageAnn, his stops are also quite simple:
=20
nSet Action Point or Stop Loss @ BP * .94=20
or CP * .94, whichever is higher.=20
nNever Reduce Action Point but increase on a=20
trailing stop basis either daily or weekly.=20
BP =3D Buy Price and CP =3D Current Price
Hope this helps,
Gene
----- Original Message -----=20
From: Ann Hollingworth=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, June 03, 2003 3:48 PM
Subject: Re: [CANSLIM] breakouts to come=20
Interesting. But isn't the crucial question--What are his stops like?
Ann
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, June 03, 2003 12:46 PM
Subject: Fw: [CANSLIM] breakouts to come=20
Ann, we have a 'farmer' in our Dallas CANSLIM group that makes money =
buying stocks that are what some classify as extended (some add fully). =
I've been watching his picks for the past 2 years and his results are =
darn good as well as documented. His criteria:
EPS + RS >=3D 190
A/D =3D A
IBD Comp Rating >=3D 90=20
He buys stocks just as soon as they first meet these =
requirements.... certainly reduces the number of stocks that he =
watches.... I believe that his watchlist is limited to 15 total.
Of course he's buying heavily when 'M' is right and shorts when it =
isn't.
Uses stops for entry and trailing stops after in the trade (never =
lowers his stops).
Gene
----- Original Message -----=20
From: Ann Hollingworth=20
To: CANSLIM Listserv=20
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=20
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=20
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>Message</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2726.2500" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff background=3D"">
<DIV><FONT face=3D"Comic Sans MS" size=3D4>Ann, his stops are also quite =
simple:</FONT></DIV>
<DIV> </DIV>
<DIV>
<DIV class=3DO v:shape=3D"_x0000_s3074"><SPAN=20
style=3D"FONT-SIZE: 133%; COLOR: maroon; FONT-FAMILY: Arial">
<DIV=20
style=3D"mso-line-spacing: '100 20 0'; mso-margin-left-alt: 282; =
mso-char-wrap: 1; mso-kinsoku-overflow: 1"><SPAN=20
style=3D"FONT-SIZE: 70%; LEFT: -4.7%; COLOR: #cc9900; FONT-FAMILY: =
Wingdings; POSITION: absolute; TOP: 0.39em; mso-special-format: bullet; =
mso-color-index: 4">n</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 133%; COLOR: maroon; FONT-FAMILY: Arial">Set Action =
Point or=20
Stop Loss @ BP * .94 </SPAN></DIV>
<DIV=20
style=3D"mso-line-spacing: '100 20 0'; mso-margin-left-alt: 282; =
mso-char-wrap: 1; mso-kinsoku-overflow: 1"><SPAN=20
style=3D"FONT-SIZE: 133%; COLOR: maroon; FONT-FAMILY: Arial">or =
</SPAN><SPAN=20
style=3D"FONT-SIZE: 133%; COLOR: maroon; FONT-FAMILY: Arial">CP * .94, =
whichever=20
is higher. </SPAN></DIV>
<DIV=20
style=3D"mso-line-spacing: '100 20 0'; mso-margin-left-alt: 282; =
mso-char-wrap: 1; mso-kinsoku-overflow: 1"><SPAN=20
style=3D"FONT-SIZE: 133%; COLOR: maroon; FONT-FAMILY: =
Arial"></SPAN> </DIV><SPAN=20
style=3D"FONT-SIZE: 133%; FONT-FAMILY: Arial">
<DIV=20
style=3D"mso-line-spacing: '100 20 0'; mso-margin-left-alt: 282; =
mso-char-wrap: 1; mso-kinsoku-overflow: 1"><SPAN=20
style=3D"FONT-SIZE: 70%; LEFT: -4.57%; COLOR: #cc9900; FONT-FAMILY: =
Wingdings; POSITION: absolute; TOP: 0.39em; mso-special-format: bullet; =
mso-color-index: 4">n</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 133%; FONT-FAMILY: Arial">Never Reduce Action Point =
but=20
increase on a </SPAN></DIV>
<DIV=20
style=3D"mso-line-spacing: '100 20 0'; mso-margin-left-alt: 282; =
mso-char-wrap: 1; mso-kinsoku-overflow: 1"><SPAN=20
style=3D"FONT-SIZE: 133%; FONT-FAMILY: Arial"></SPAN><SPAN=20
style=3D"FONT-SIZE: 133%; FONT-FAMILY: Arial">trailing stop basis either =
daily or=20
weekly. </SPAN></DIV>
<DIV style=3D"mso-line-spacing: '100 50 0'; mso-margin-left-alt: =
282"><SPAN=20
style=3D"mso-special-format: lastCR"><FONT=20
face=3D"Comic Sans MS"></FONT></SPAN> </DIV>
<DIV style=3D"mso-line-spacing: '100 50 0'; mso-margin-left-alt: =
282"><SPAN=20
style=3D"mso-special-format: lastCR"><FONT face=3D"Comic Sans MS" =
size=3D4>BP =3D Buy=20
Price and CP =3D Current Price</FONT></SPAN></DIV>
<DIV style=3D"mso-line-spacing: '100 50 0'; mso-margin-left-alt: =
282"><SPAN=20
style=3D"mso-special-format: lastCR"><FONT=20
face=3D"Comic Sans MS"></FONT></SPAN> </DIV>
<DIV style=3D"mso-line-spacing: '100 50 0'; mso-margin-left-alt: =
282"><SPAN=20
style=3D"mso-special-format: lastCR"><FONT face=3D"Comic Sans MS" =
size=3D4>Hope this=20
helps,</FONT></SPAN></DIV>
<DIV style=3D"mso-line-spacing: '100 50 0'; mso-margin-left-alt: =
282"><SPAN=20
style=3D"mso-special-format: lastCR"><FONT face=3D"Comic Sans MS"=20
size=3D4>Gene</FONT></SPAN></DIV></DIV></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dannholly@attbi.com href=3D"mailto:annholly@attbi.com">Ann=20
Hollingworth</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> Tuesday, June 03, 2003 =
3:48=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
breakouts to come=20
</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Interesting. But isn't the crucial =
question--What=20
are his stops like?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Ann</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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, June 03, 2003 =
12:46=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Fw: [CANSLIM] =
breakouts to=20
come </DIV>
<DIV><BR></DIV><FONT face=3D"Comic Sans MS">Ann, we have a 'farmer' =
in our=20
Dallas CANSLIM group that makes money buying stocks that are what =
some=20
classify as extended (some add fully). I've been watching his picks =
for the=20
past 2 years and his results are darn good as well as documented. =
His=20
criteria:<BR><BR>EPS + RS >=3D 190<BR>A/D =3D A<BR>IBD Comp =
Rating >=3D 90=20
<BR><BR>He buys stocks just as soon as they first meet these=20
requirements.... certainly reduces the number of stocks that he =
watches....=20
I believe that his watchlist is limited to 15 total.<BR><BR>Of =
course he's=20
buying heavily when 'M' is right and shorts when it =
isn't.<BR><BR>Uses stops=20
for entry and trailing stops after in the trade (never lowers his=20
stops).<BR><BR>Gene<BR><BR><BR> </FONT><FONT=20
face=3D"Times New Roman">----- Original Message ----- <BR> =
From: Ann=20
Hollingworth <BR> To: CANSLIM Listserv <BR> Sent: =
Monday, June=20
02, 2003 4:28 AM<BR> Subject: [CANSLIM] breakouts to=20
come<BR><BR><BR> It seems to me, as I hunt through WR and =
IBD100, that=20
there are a lot of <BR>overextended stocks, and not to many on the =
right=20
side of their cup or<BR>ready to break out.<BR><BR> It would =
seem to=20
me that there could be two reasons for this:<BR><BR> 1. The =
rally is=20
going to wane.<BR><BR> 2. The WR and IBD100 do not produce =
stocks at=20
this state of their<BR>development.<BR><BR> Any=20
comments??<BR><BR> Ann</FONT> =
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