Go to Jeff Salisbury LWGate Home Page.From: Bill Triffet <btriffet@earthlink.net>
Subject: Re: Re: [CANSLIM] Break outs or pullbacks
Date: Thu, 10 Jul 2003 12:27:18 -0700 (PDT)
Previous Article (by Date): [CANSLIM] pwav michael_niemotka@baxter.com
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- ------=_Part_7477_5276334.1057865202787 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Without me answering for Charlie... You make a good point. The only fly in the ointment for me was what the general markets were doing. Looking back mid June when I sold, the markets were dipping as well. My sold off stocks recovered and quickly moved backup a couple days before the general market headed back as well. I was leary of re-entering till I saw the markets move up - I missed my chance. Looking back I can see I was looking for a perfect situation where the markets are clearly defined. This was a big mistake as many of the breakouts of late are occuring on flat or even down days. Fortunately, we live to trade another day! - -- Bill - --------------------------------------------------------------- >>Charley, I don't understand this course of action. Why not sell it when it goes past a point (stop) on its way down and buy it back after it clears a resistance point on its way back up? Assuming all else (fundies, news, etc.) remains the same... my data shows that I get to keep some of the profits from the breakout.... avoid stocks that do more than 'slump'.... allows me to buy back stocks that have 'once again' demonstrated strength.... Gene ----- Original Message ----- From: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Thursday, July 10, 2003 12:52 PM Subject: Re: [CANSLIM] Break outs or pullbacks Bill: For what its worth I too found myself to eager to sell when good stocks slumped after breakout. As you point out this is probably a normal reaction after 3 years of a falling market. I have reached the same conclusion you have and that is to stick with them back to the base and expect a recovery. It may be bumpy for a while but I think this is the right course of action. Charley - ------=_Part_7477_5276334.1057865202787 Content-Type: TEXT/HTML; name=MESSAGE.HTML; charset=iso-8859-1 Content-Transfer-Encoding: 7bit Content-Disposition: attachment; filename=MESSAGE.HTML <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=iso-8859-1"> <META content="MSHTML 6.00.2800.1106" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT face="Comic Sans MS">Charley, I don't understand this course of action. Why not sell it when it goes past a point (stop) on its way down and buy it back after it clears a resistance point on its way back up? Assuming all else (fundies, news, etc.) remains the same... my data shows that I get to keep some of the profits from the breakout.... avoid stocks that do more than 'slump'.... allows me to buy back stocks that have 'once again' demonstrated strength.... </FONT></DIV> <DIV><FONT face="Comic Sans MS"></FONT> </DIV> <DIV><FONT face="Comic Sans MS">Gene</FONT></DIV> <DIV><FONT face="Comic Sans MS"></FONT> </DIV> <BLOCKQUOTE style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A title=Chazmoore@aol.com href="mailto:Chazmoore@aol.com">Chazmoore@aol.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, July 10, 2003 12:52 PM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Break outs or pullbacks</DIV> <DIV><BR></DIV><FONT face=arial,helvetica><FONT size=2>Bill: For what its worth I too found myself to eager to sell when good stocks slumped after breakout. As you point out this is probably a normal reaction after 3 years of a falling market. I have reached the same conclusion you have and that is to stick with them back to the base and expect a recovery. It may be bumpy for a while but I think this is the right course of action. <BR><BR>Charley</FONT> </FONT></BLOCKQUOTE></BODY></HTML> - ------=_Part_7477_5276334.1057865202787-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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