RE: [CANSLIM] FWHT, yet another instance where my tiggerfinger is too slow

From: Tomas <tomas986@yahoo.com>
Subject: RE: [CANSLIM] FWHT, yet another instance where my tiggerfinger is too slow
Date: Wed, 18 Jun 2003 12:14:37 -0700 (PDT)

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Hmmm, I might try this approach out for the next stock
that I think has great potential.


tomas

- --- Tim Katona <tkat17@earthlink.net> wrote:
> I too missed this one, yet be careful on buy stops.
> I used to put in a buy
> stop at pivot + 10 cents until I had one gap up and
> the order was filled
> 2.5% above what I thought I would get. Then it
> returned to the pivot within
> minutes.
> 
> Now I put in buy stop limit orders for stocks on my
> watchlist that I've
> comfortable with.
> The stop is set at "pivot + 10 cents" and the limit
> at (pivot + 10 cents)
> plus 1%. That way my buy is within 1% of what I
> expected. Otherwise, it
> could gap up at the open and return to the pivot,
> leaving you with an
> immediate loss. They I may make a second and third
> buy at 2-3% and 4-5%
> above (pivot + 10 cents). Stop at 2%, limit at 3%,
> then stop at 4% and limit
> at 5%.
> Regards,
> Tim
> 
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf
> Of Pritish Shah
> Sent: Wednesday, June 18, 2003 11:48 AM
> To: Chazmoore@aol.com; canslim@lists.xmission.com
> Subject: Re: [CANSLIM] FWHT, yet another instance
> where my tiggerfinger
> is too slow
> 
> 
> For stocks that gap up dramatically on news, I make
> an exception if the
> chart/fundamentals are good. I made an exception on
> this and APPX.
> 
> I will probably get burnt one of these days but in
> the meantime, if the
> market is strong, I go for it.
> 
> If a chart is really good, you could place a buy
> stop or a stop-limit order
> 10 cents above the pivot.
> 
> Regards,
> Pritish
> 
> >>> Chazmoore@aol.com 06/18/03 02:20PM >>>
> Hi Tomas: I too missed FWHT this morning and there
> really is no answer other
> than setting at the computer all day. However, don't
> feel too bad about
> missing this one because there will be many more if
> this market stays hot.
> Charley
> 
> 
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