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

From: Tomas <tomas986@yahoo.com>
Subject: Re: RE: [CANSLIM] FWHT, yet another instance where my tiggerfinger is too slow
Date: Wed, 18 Jun 2003 13:01:28 -0700 (PDT)

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Top of Thread: Re: RE: [CANSLIM] FWHT, yet another instance where my tiggerfinger is too slow Bill Triffet
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At this point, I do not think I can sleep at night
buying it now.  So, I'll wait for the pullback *cross
finers*.

Like Tim said, on to the next BO.

tomas

- --- Bill Triffet <btriffet@earthlink.net> wrote:
> I'd also like to add that though I previously posted
> that perhaps wait for a pullback... I'm not holding
> my breath! (g)
> I'd like to have picked it up as well.
> 
> I guess I'm still a bit conservative on my buys.
> 
> --
> Bill
> -------Original Message-------
> From: Tomas <tomas986@yahoo.com>
> Sent: 06/18/03 12:20 PM
> To: canslim@lists.xmission.com
> Subject: RE: [CANSLIM] FWHT, yet another instance
> where my tiggerfinger is too slow
> 
> > 
> > Shoot! now you (Katherine) tell me :).
> 
> 
> 
> --- Pritish Shah <pshah@lason.com> wrote:
> > Cool -- so this is not a breaking of the rules.
> > 
> > Now I feel better. 
> > 
> > Pritish
> > 
> > 
> > >>> kmalm@earthlink.net 06/18/03 02:58PM >>>
> > Hi All,
> > 
> > Here's a quote from the IBD Archives on breakaway
> > gaps:
> > 
> > Question
> >   You recommend not buying a stock that has gone
> up
> > 5 percent above its
> > pivot point. So how do you buy a stock that gaps
> up
> > out of a base by more
> > than 5 percent above the pivot?
> > 
> >   Answer
> >   Occasionally, a stock will break out of a base
> by
> > gapping up above the
> > pivot (buy) point. This is known as a break-away
> > gap, and it is generally a
> > very bullish sign. The gap up indicates there is
> > enormous demand for the
> > stock. Our studies have uncovered many former big
> > winners that began their
> > advances in such a way. If one of the stocks
> you're
> > following suddenly gaps
> > up above the proper pivot point, and is more than
> 5
> > percent above this
> > point, you can still buy the stock in this
> specific
> > instance, assuming the
> > base pattern is healthy, and all the
> characteristics
> > identified by our CAN
> > SLIMT Investment Research Tool are present.
> Lacking
> > a break-away gap,
> > however, whenever you buy a stock that's gone up
> > more than 5 percent from
> > its pivot, the chances of it dropping 8 percent
> from
> > your purchase price are
> > greater, regardless of how powerful the stock
> > appears. Even stocks that gap
> > up after forming healthy bases can fail.
> > 
> > 
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com 
> > [mailto:owner-canslim@lists.xmission.com]On Behalf
> > Of Pritish Shah
> > Sent: Wednesday, June 18, 2003 12:48 PM
> > 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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