Re: FW: VRNT (was: [CANSLIM] Stop losses and DHI)

From: Tomas <tomas986@yahoo.com>
Subject: Re: FW: VRNT (was: [CANSLIM] Stop losses and DHI)
Date: Wed, 11 Jun 2003 09:04:35 -0700 (PDT)
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Top of Thread: FW: VRNT (was: [CANSLIM] Stop losses and DHI) "Katherine Malm"
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Katherine,

> The question was really intended as a
> self-reflection to be sure there's no
> emotional component to the decision to go after it
> again.

Understood.  I listed the answer to the questions in
the reply email as my way of "thinking out loud".  I
was not trying to answer your questions directly.


Thanks,
tomas



> 
> And yes, these questions would have to be asked in
> the context of stocks
> currently on your radar. Assuming you have cast a
> good net, then VRNT can be
> weighed in comparison to alternative investments.
> 
> There's no "right" answer to these questions, just
> answers from your
> personal perspective.
> 
> Katherine
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf
> Of Tomas
> Sent: Tuesday, June 10, 2003 10:53 PM
> To: canslim@lists.xmission.com
> Subject: RE: VRNT (was: [CANSLIM] Stop losses and
> DHI)
> 
> 
> Katherine,
> 
> Question 4,5,6 may be hard to answer.  If I add "in
> my
> watchlist" at the end of those questions, then it is
> easier to answer.  My point is you are referring to
> all the stocks I am monitoring on my radar, right? 
> I
> guess so, or else there's no point in asking those 3
> question since there are always some better stock
> out
> there that you don't know about.
> 
> 1) yes
> 2) yea
> 3) same as alway (for loss, sell at 7-8%; for
>    win, depends on how the stock is doing).
> 4) hmmm, I think so... currently most of the stocks
>    in my watchlist is extended.
> 5) no, not in my watchlist
> 6) no
> 7) I don't think I'm being stubborn and I don't feel
> like I have to prove anything with this stock. :)
> This stock has very good fundies, if the technical
> is
> right(market will go up), it is a good pick (IMHO).
> 
> 
> Regards,
> tomas
> 
> --- Katherine Malm <kmalm@earthlink.net> wrote:
> > Hi Tomas,
> >
> > Here are some questions you might ask in making
> this
> > kind of decision:
> >
> > (1) If I buy it back, is it a low-risk entry?
> > (2) If I buy it back, can I handle the price
> > volatility that it typically
> > displays?
> > (3) If I buy it back, what will be my exit
> strategy,
> > both for profit taking
> > and for cutting losses?
> > (4) Is this the best stock I can buy with my
> money?
> > Or, would my money be
> > better off in *any* other investment than this?
> > (This is also a good
> > question to ask when struggling with a sell
> > decision.)
> > (5) Are there other stocks that are either pulling
> > back on lower volume and
> > showing less volatility?
> > (6) Are there other stocks, equally attractive,
> that
> > are offering a low risk
> > entry and/or a fresh breakout?
> > (7) What is my real motivation for buying it back?
> > For example, is it
> > because I've answered all of the questions above
> and
> > still feel that it is
> > the best investment at the time? Is it because I
> > want to prove I was
> > something? Am I being smart or just stubborn? Etc.
> >
> > Questions like this force the trader to be
> > completely honest within
> > him/herself and make consistently wise and
> > emotionless decisions.
> >
> > Regardless of your decision, there are times where
> > it can take a couple of
> > tries with the same stock to get it "right" and
> that
> > is A-OK, as it is a
> > compilation of factors acting on the stock all at
> > the same time. On the
> > other hand, sometimes when breakouts are
> whipsawing
> > you one after the other,
> > that's a sign that the rally may be wearing thin.
> > One stock doesn't make a
> > trend, but it's something to consider.
> >
> > Katherine
> >
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com]On Behalf
> > Of Tomas
> > Sent: Tuesday, June 10, 2003 7:45 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: Re: [CANSLIM] Stop losses and DHI
> >
> >
> > VRNT is back to a little above the pivot point.
> > Should I buy it back?  Or should I wait for a few
> > days
> > and see what the market is doing.  The market
> seems
> > to
> > be at a critical point where it is deciding if it
> > will
> > head north or south.
> >
> > What is the rule for buying back a stock that had
> > such
> > a big dip 2 days after the BO with big volume, but
> > is
> > now gaining back ground?  Is the big dip a red
> flag
> > enough to stay way from this stock?
> >
> > With this stock, I feel like I am currently going
> > through a common mistake made by newbie.
> >
> > You experience investors better stop me if I am
> > going
> > to make a big mistake buying this stock back.  :)
> >
> > tomas
> >
> > --- Bill Triffet <btriffet@earthlink.net> wrote:
> > > Hi Tomas,
> > >
> > > I think you partially answered yourself here.
> Had
> > > you bought it on the day
> > > of the breakout 6/3 you'd still be in
> (maybe...).
> > >
> > > Unfortunately VRNT gapped up the next day. I'd
> > just
> > > pass on it and wait for
> > > a pullback which it did on 6/6. The huge volume
> of
> > > the pullback though was a
> > > red flag to me. I might have sold it even if I
> got
> > > it in the range due to
> > > that. Also given the fact I've been using 7%
> > > stop-losses, I'd have been
> > > stopped out as well.
> > >
> > > Btw, I never use overnight buy orders as there's
> > > just too much volatility in
> > > the first 30min. Also, I want to see the price
> as
> > I
> > > buy it.
> 
=== message truncated ===


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