Go to Jeff Salisbury LWGate Home Page.From: "Richard Tafoya" <cwh@mendomedia.net>
Subject: RE: [CANSLIM] Profit taking... TIVO
Date: Mon, 7 Jul 2003 21:43:22 -0700
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Bob, this is an excellent point that I apply when in an iffy spot.
"Would I buy this stock today or am I better off taking this money off
the table here, saying 'thanks for the gain' and putting it into a
better-looking candidate?"
Richard
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Bob Johnson
Sent: Monday, July 07, 2003 5:37 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Profit taking... TIVO
I have to agree with what is being said.
1. You had a Plan
2. You Stuck to it
3. You did the right thing.
You were wondering about future profits.
If you have sell rules I'm sure you have buy rules.
If it meets your buy rules re-invest if you want.
I'm glad I joined this group sounds like a lot of intelligent investors
here willing to help out.
Ann Hollingworth <annholly@attbi.com> wrote:
Congratulations, Dave!
For me, selling is the hardest part of applying CANSLIM principles.
- ----- Original Message -----
From: Dave Stem <mailto:canslimdave2003@yahoo.com>
To: canslim@lists.xmission.com
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.
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 -----
From: Dave Stem <mailto:canslimdave2003@yahoo.com>
To: canslim@lists.xmission.com
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...
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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om/sbc/> Yahoo! DSL - Now only $29.95 per month!
_____
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<DIV><SPAN class=3D443024004-08072003><FONT face=3DArial color=3D#0000ff =
size=3D2>Bob,=20
this is an excellent point that I apply when in an iffy spot. "Would I =
buy this=20
stock today or am I better off taking this money off the table here, =
saying=20
'thanks for the gain' and putting it into a better-looking=20
candidate?"</FONT></SPAN></DIV>
<DIV><SPAN class=3D443024004-08072003><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D443024004-08072003><FONT face=3DArial color=3D#0000ff =
size=3D2>Richard</FONT></SPAN></DIV>
<BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Bob Johnson<BR><B>Sent:</B> Monday, July 07, 2003 =
5:37=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
Profit taking... TIVO<BR><BR></FONT></DIV>
<DIV>I have to agree with what is being said.</DIV>
<DIV> </DIV>
<DIV>1. You had a Plan</DIV>
<DIV>2. You Stuck to it</DIV>
<DIV>3. <U>You did the right thing.</U></DIV>
<DIV> </DIV>
<DIV>You were wondering about future profits.</DIV>
<DIV> </DIV>
<DIV>If you have sell rules I'm sure you have buy rules.</DIV>
<DIV> </DIV>
<DIV>If it meets your buy rules re-invest if you want.</DIV>
<DIV> </DIV>
<DIV>I'm glad I joined this group sounds like a lot of intelligent =
investors=20
here willing to help out. <BR><BR><B><I>Ann Hollingworth=20
<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>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>Congratulations,=20
Dave!</FONT></DIV>
<DIV><FONT face=3D"Bookman Old Style" size=3D2>For me, selling is =
the hardest=20
part 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=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 =
1:01=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Profit=20
taking... TIVO</DIV>
<DIV><BR></DIV>
<DIV>Sold half this morning for a 61% gain in a month. This =
is=20
following David Ryan's sell rules. His interview in Market =
Wizards=20
was amazingly specific. I also listened to him and WON in a =
tape IBD=20
sells. The rest of the position I will have a wait and see =
attitude=20
regarding how it forms its next base, etc. </DIV>
<DIV> </DIV>
<DIV>It's just strange how one can feel meloncholy taking such a =
large=20
profit 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=20
understand macroeconomics. But if you are committed to =
trading chart=20
patterns and turning paper profits into real money, that doesn't =
work so=20
well.</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><B><I>Ann Hollingworth <annholly@attbi.com></I></B>=20
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=20
similar 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=20
a 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=20
try to be disciplined in your decision making. Follow the chart=20
(reality) with your 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=20
taking... 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=20
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=20
well. According to David Ryan (WON's disciple from =
Market=20
Wizards) I should take 30-50% off the table, with plans to =
reinvest on=20
any correctly forming base if I still like the stock. Or =
I could=20
simply place a stop under the recent support which is very =
strong and=20
clear at 9.25.</P>
<P>I have such an attachment emotionally to this stock. =
I know=20
it's wrong. But the rapid success is clouding my=20
judgement. The same with AMHC. I'm used to selling =
at a=20
loss, but find it hard to take a profit. Crazy. =
Any words=20
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=20
month!</BLOCKQUOTE></BLOCKQUOTE></DIV>
<P>
<HR SIZE=3D1>
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=
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.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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