Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] When to Sell
Date: Mon, 23 Jun 2003 14:17:49 -0500
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Hi Harold,
A 10/13 MA indicator is a short term indicator and sell rules based on that are
short term rules. An entry on a breakout from an base is more typically an
intermediate term entry. While there's absolutely nothing inherently wrong with
using short term indicators and/or the 10/13 MA itself, you're more likely to be
whipsawed out of positions this way because the entry/exit rules are mismatched.
I would look through both your entry and exit rules for intermediate term entry
and determine whether
(1) this was a good entry point to begin with and
(2) if it was a good entry point, have any sell rules kicked in?
If you entered DP as a short term trade, then rules such as violation of the
10/13 or other short term indicators would of course be your exit signal.
That said, if you can't sleep at night holding on to DP because your gut is
screaming "sell", then do it. The market has no memory, so it won't be knocking
on your door telling you "good job" or "why did you do that?"
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Harold Josephson
Sent: Monday, June 23, 2003 12:49 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] When to Sell
Until penetrated, as it now appears to have been?
Harold Josephson
Tel: 323.850.1333
Fax: 323.512.8968
hj@hjosephson.com
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer
Sent: Monday, June 23, 2003 11:19 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] When to Sell
10/13 day m.a are short term support indicators
Harold Josephson <hj@hjosephson.com> wrote:
Would you sell here?
Harold Josephson
Tel: 323.850.1333
Fax: 323.512.8968
hj@hjosephson.com
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer
Sent: Monday, June 23, 2003 8:06 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] When to Sell
by the way DT pulled back to its 10/13 day moving avg.
Harold Josephson <hj@hjosephson.com> wrote:
Hi Katherine,
Your advice, please. Prompted by my recent experience with DT, what criteria
would you apply to the sale of a stock bought in anticipation of a failed
breakout if the stock continues to languish pennies below your cost?
Thanks
Harold
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<DIV><SPAN class=3D046470819-23062003>Hi Harold,</SPAN></DIV>
<DIV><SPAN class=3D046470819-23062003></SPAN> </DIV>
<DIV><SPAN class=3D046470819-23062003>A 10/13 MA indicator is a short =
term=20
indicator and sell rules based on that are short term rules. An entry on =
a=20
breakout from an base is more typically an intermediate term entry. =
While=20
there's absolutely nothing inherently wrong with =
using short term=20
indicators and/or the 10/13 MA itself, you're more likely to be =
whipsawed out of=20
positions this way because the entry/exit rules=20
are mismatched. </SPAN></DIV>
<DIV><SPAN class=3D046470819-23062003></SPAN> </DIV>
<DIV><SPAN class=3D046470819-23062003>I would look through both your =
entry and=20
exit rules for intermediate term entry and determine =
whether</SPAN></DIV>
<DIV><SPAN class=3D046470819-23062003>(1) this was a good entry point to =
begin=20
with and</SPAN></DIV>
<DIV><SPAN class=3D046470819-23062003>(2) if it was a good entry point, =
have any=20
sell rules kicked in?</SPAN></DIV>
<DIV><SPAN class=3D046470819-23062003></SPAN> </DIV>
<DIV><SPAN class=3D046470819-23062003>If you entered DP as a short term =
trade,=20
then rules such as violation of the 10/13 or other short term indicators =
would=20
of course be your exit signal.</SPAN></DIV>
<DIV><SPAN class=3D046470819-23062003></SPAN> </DIV>
<DIV><SPAN class=3D046470819-23062003>That said, if you can't sleep at =
night=20
holding on to DP because your gut is screaming "sell", then do it. The =
market=20
has no memory, so it won't be knocking on your door telling you "good =
job" or=20
"why did you do that?" </SPAN></DIV>
<DIV><SPAN class=3D046470819-23062003></SPAN><SPAN=20
class=3D046470819-23062003></SPAN> </DIV>
<DIV><SPAN class=3D046470819-23062003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Harold=20
Josephson<BR><B>Sent:</B> Monday, June 23, 2003 12:49 PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] When to=20
Sell<BR><BR></FONT></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3D"Arial Black" color=3Dnavy =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 11pt; COLOR: navy; FONT-FAMILY: 'Arial =
Black'">Until=20
penetrated, as it now appears to have been?</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Arial Black" color=3Dnavy =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 11pt; COLOR: navy; FONT-FAMILY: 'Arial =
Black'"></SPAN></FONT> </P>
<DIV>
<P><FONT face=3D"Times New Roman" color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy">Harold =
Josephson</SPAN></FONT><FONT=20
color=3Dnavy size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: =
navy"><BR>Tel:=20
323.850.1333<BR>Fax: =
323.512.8968<BR>hj@hjosephson.com</SPAN></FONT><FONT=20
color=3Dnavy><SPAN style=3D"COLOR: navy"> </SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Mes</SPAN></FONT><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">sa</SPAN></FONT><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">ge-----<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">From:</SPAN></B> </SPAN></FONT><FONT =
face=3DTahoma=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">owner-canslim@lists.xmission.com</SPAN></FONT><FONT=20
face=3DTahoma size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">=20
[mailto:</SPAN></FONT><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">owner-canslim@lists.xmission.com</SPAN></FONT><FONT=20
face=3DTahoma size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Sol=20
Mayer<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, =
June 23,=20
2003 11:19 AM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> RE: [CANSLIM] When to=20
Sell</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">10/13 day m.a are short term =
support=20
indicators <BR><BR><B><I><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-STYLE: italic">Harold Josephson=20
<hj@hjosephson.com></SPAN></I></B> wrote: </SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Arial =
Black"=20
color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 11pt; COLOR: navy; FONT-FAMILY: 'Arial =
Black'">Would you=20
sell here?</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<DIV>
<P style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times New Roman" =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: navy">Harold =
Josephson<BR>Tel:=20
323.850.1333<BR>Fax: =
323.512.8968<BR>hj@hjosephson.com</SPAN></FONT><FONT=20
color=3Dnavy><SPAN style=3D"COLOR: navy"> </SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Sol=20
Mayer<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, =
June 23,=20
2003 8:06 AM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM] When to=20
Sell</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">by the way DT pulled back to =
its 10/13=20
day moving avg.<BR><BR><B><I><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-STYLE: italic">Harold Josephson=20
<hj@hjosephson.com></SPAN></I></B> wrote: </SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Arial =
Black"=20
size=3D2><SPAN style=3D"FONT-SIZE: 11pt; FONT-FAMILY: 'Arial =
Black'">Hi=20
Katherine,</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Arial =
Black"=20
size=3D2><SPAN style=3D"FONT-SIZE: 11pt; FONT-FAMILY: 'Arial =
Black'">Your advice,=20
please. Prompted by my recent experience with DT, what criteria =
would=20
you apply to the sale of a stock bought in anticipation of a failed =
breakout=20
if the stock continues to languish pennies below your =
cost?</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Arial =
Black"=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 11pt; FONT-FAMILY: 'Arial =
Black'">Thanks</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Arial =
Black"=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 11pt; FONT-FAMILY: 'Arial =
Black'">Harold</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV style=3D"MARGIN-LEFT: 0.5in">
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size=3D3><SPAN style=3D"FONT-SIZE: 12pt">Do you Yahoo!?<BR><A=20
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style=3D"FONT-SIZE: 12pt">
<HR align=3Dcenter width=3D"100%" SIZE=3D1>
</SPAN></FONT></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">Do you Yahoo!?<BR><A=20
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ahoo.com/sbc/">SBC=20
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