Go to Jeff Salisbury LWGate Home Page.From: "Ann Hollingworth" <annholly@attbi.com>
Subject: Re: [CANSLIM] Profit taking... TIVO
Date: Mon, 7 Jul 2003 13:05:50 -0400
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Congratulations, Dave!
For me, selling is the hardest part of applying CANSLIM principles.
----- Original Message -----=20
From: Dave Stem=20
To: canslim@lists.xmission.com=20
Sent: Monday, July 07, 2003 1:01 PM
Subject: Re: [CANSLIM] Profit taking... TIVO
Sold half this morning for a 61% gain in a month. This is following =
David Ryan's sell rules. His interview in Market Wizards was amazingly =
specific. I also listened to him and WON in a tape IBD sells. The rest =
of the position I will have a wait and see attitude regarding how it =
forms its next base, etc. =20
It's just strange how one can feel meloncholy taking such a large =
profit in a month. Katherine mentioned something about my profit =
objective. And this stock really makes me think about that. I think my =
profit object is always to make an infinite about of $ on every trade. =
Which is not bad if you are Warren Buffet and truly understand =
macroeconomics. But if you are committed to trading chart patterns and =
turning paper profits into real money, that doesn't work so well.
Ann Hollingworth <annholly@attbi.com> wrote:
Hi, Dave,
Welcome to the group. I don't post much, but identified with your =
attachment to TIVO. I had/have a similar attachment to GRMN.
I have been in and out of the stock a couple of times since last =
fall, but most recently was up 70% in a few months. Because I "loved" =
the stock and wasn't using Sell Rules, I watched the stock drop (on =
heavy volume, which should have been a Sell Signal for me), and ended up =
selling at a 39% profit.
Study WON's Sell Rules and try to be disciplined in your decision =
making. Follow the chart (reality) with your head, rather than your =
heart.
Ann
----- Original Message -----=20
From: Dave Stem=20
To: canslim@lists.xmission.com=20
Sent: Monday, July 07, 2003 12:12 AM
Subject: [CANSLIM] Profit taking... TIVO
Hi all... I'm new to the group and also in Santa Monica... here's =
a question re: profit taking directed at Katherine and other experienced =
investors... that is, those who've actually had profits LOL...=20
I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting =
on a 50+% profit in a month. Yes, it's due for a short term correction, =
but I love the product and sales are doing very well. According to =
David Ryan (WON's disciple from Market Wizards) I should take 30-50% off =
the table, with plans to reinvest on any correctly forming base if I =
still like the stock. Or I could simply place a stop under the recent =
support which is very strong and clear at 9.25.
I have such an attachment emotionally to this stock. I know it's =
wrong. But the rapid success is clouding my judgement. The same with =
AMHC. I'm used to selling at a loss, but find it hard to take a profit. =
Crazy. Any words of wisdom from the vets?
Dave in Santa Monica
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charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR></HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>Congratulations, =
Dave!</FONT></DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>For me, selling is the =
hardest part=20
of applying CANSLIM principles.</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=3Dcanslimdave2003@yahoo.com=20
href=3D"mailto:canslimdave2003@yahoo.com">Dave Stem</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> Monday, July 07, 2003 =
1:01 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Profit =
taking...=20
TIVO</DIV>
<DIV><BR></DIV>
<DIV>Sold half this morning for a 61% gain in a month. This is =
following=20
David Ryan's sell rules. His interview in Market Wizards was =
amazingly=20
specific. I also listened to him and WON in a tape IBD =
sells. The=20
rest of the position I will have a wait and see attitude regarding how =
it=20
forms its next base, etc. </DIV>
<DIV> </DIV>
<DIV>It's just strange how one can feel meloncholy taking such a large =
profit=20
in a month. Katherine mentioned something about my profit=20
objective. And this stock really makes me think about =
that. I=20
think my profit object is always to make an infinite about of $ on =
every=20
trade. Which is not bad if you are Warren Buffet and truly =
understand=20
macroeconomics. But if you are committed to trading chart =
patterns and=20
turning paper profits into real money, that doesn't work so =
well.</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><B><I>Ann Hollingworth <annholly@attbi.com></I></B> =
wrote:</DIV>
<DIV>
<BLOCKQUOTE=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px =
solid; WIDTH: 100%">
<META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR>
<STYLE></STYLE>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>Hi, =
Dave,</FONT></DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2></FONT> </DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>Welcome to the group. =
I don't=20
post much, but identified with your attachment to TIVO. I had/have a =
similar=20
attachment to GRMN.</FONT></DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2></FONT> </DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>I have been in and =
out of the=20
stock a couple of times since last fall, but most recently was up =
70% in a=20
few months. Because I "loved" the stock and wasn't using Sell Rules, =
I=20
watched the stock drop (on heavy volume, which should have been a =
Sell=20
Signal for me), and ended up selling at a 39% profit.</FONT></DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2></FONT> </DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>Study WON's Sell =
Rules and try to=20
be disciplined in your decision making. Follow the chart (reality) =
with your=20
head, rather than your heart.</FONT></DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2></FONT> </DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>Ann</FONT></DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2></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=3Dcanslimdave2003@yahoo.com=20
href=3D"mailto:canslimdave2003@yahoo.com">Dave Stem</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Monday, July 07, 2003 =
12:12=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Profit =
taking...=20
TIVO</DIV>
<DIV><BR></DIV>
<P>Hi all... I'm new to the group and also in Santa Monica... =
here's a=20
question re: profit taking directed at Katherine and other =
experienced=20
investors... that is, those who've actually had profits LOL... =
</P>
<P>I bought TIVO on the 6/2/03 breakout (8.58/share) and am =
sitting on a=20
50+% profit in a month. Yes, it's due for a short term =
correction,=20
but I love the product and sales are doing very well. =
According to=20
David Ryan (WON's disciple from Market Wizards) I should take =
30-50% off=20
the table, with plans to reinvest on any correctly forming base if =
I still=20
like the stock. Or I could simply place a stop under the =
recent=20
support which is very strong and clear at 9.25.</P>
<P>I have such an attachment emotionally to this stock. I =
know it's=20
wrong. But the rapid success is clouding my judgement. =
The=20
same with AMHC. I'm used to selling at a loss, but find it =
hard to=20
take a profit. Crazy. Any words of wisdom from the =
vets?</P>
<P>Dave in Santa Monica</P>
<P>
<HR SIZE=3D1>
Do you Yahoo!?<BR><A=20
=
href=3D"http://pa.yahoo.com/*http://rd.yahoo.com/evt=3D1207/*http://promo=
.yahoo.com/sbc/">SBC=20
Yahoo! DSL</A> - Now only $29.95 per =
month!</BLOCKQUOTE></BLOCKQUOTE></DIV>
<P>
<HR SIZE=3D1>
Do you Yahoo!?<BR><A=20
=
href=3D"http://pa.yahoo.com/*http://rd.yahoo.com/evt=3D1207/*http://promo=
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Yahoo! DSL</A> - Now only $29.95 per month!</BLOCKQUOTE></BODY></HTML>
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