Re: Re: [CANSLIM] Break outs or pullbacks

From: Bob Johnson <starcast82@yahoo.com>
Subject: Re: Re: [CANSLIM] Break outs or pullbacks
Date: Thu, 10 Jul 2003 17:00:19 -0700 (PDT)
Next Article (by Subject): Re: [CANSLIM] Break outs or pullbacks Chazmoore@aol.com
Previous Article (by Subject): Re: Re: [CANSLIM] Break outs or pullbacks Bill Triffet
Top of Thread: Re: Re: [CANSLIM] Break outs or pullbacks Bill Triffet
Articles sorted by: [Date] [Author] [Subject]
- --0-1657423808-1057881619=:86831
Content-Type: text/plain; charset=us-ascii

Watch the wiggle room. If it doesn't work out you'll start taking bigger losses which will take away from your profits.

Bill Triffet <btriffet@earthlink.net> wrote:My mistake was selling a couple points above their pivots. Had I given them just a wee bit more wiggle room I'd still be in. I didn't wait for them to touch the pivot price. I'd figured if they went up 12-15% they wouldn't pull all the way back to the pivot right away. 

Just a bit more wiggle room next time. (g)

- --
Bill



- -------Original Message-------
From: Mike Lucero 
Sent: 07/10/03 02:38 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Break outs or pullbacks

> 
> At a William O'Neil seminar, David Ryan said you should sell at least half
if a stock falls below it's pivot.

- ----- Original Message ----- 
From: "Bill Triffet" 
To: 
Sent: Thursday, July 10, 2003 8:57 AM
Subject: Re: [CANSLIM] Break outs or pullbacks


Mike,

I started out this "trading season" strictly buying breakouts. I've since
started keeping equal watch on pullbacks on recent breakouts for second
chance entries provided the volume is light.

My reasoning is that in recent buys SHFL, AMHC, ADVP, to name a few, they
broke out nicely. They quickly gained steam within a matter of a week or
two. Problem was - they all started breaking down. It was not on huge
volume
but I didn't want to see my profits turn into losses. My stop-losses were
set perhaps too tight so they all sold off. Looking back, offered
secondary
entry points. I blame this short sightedness on my technique to several
years of bear rallies with quick 10-12% gains that fell back down equally
as
fast. It's tough to watch an issue shoot up 12% then fall back to my buy
point.

I've since made a mental pact with myself (g) to allow them to fall right
back to the base for the first few weeks - regardless of it being 10-20%
in
the first few weeks. I also think the secondary entry point is a good
option. It's like a final shakeout for the stock to move ahead
unencumbered
by "waffley selling" like I was doing.

- --
Bill





- -------Original Message-------
From: michael_niemotka@baxter.com
Sent: 07/10/03 08:28 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Break outs or pullbacks

>
> A general question to the group:

Do you tend to look strictly for breakouts from sound bases, and/or do you
look for secondary entry points into stocks that have already broken out
and still show promise?

Mike

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
>

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
> 

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.


- ---------------------------------
Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month!
- --0-1657423808-1057881619=:86831
Content-Type: text/html; charset=us-ascii

<DIV>Watch the wiggle room. If it doesn't work out you'll start taking&nbsp;bigger losses which will take away from your profits.<BR><BR><B><I>Bill Triffet &lt;btriffet@earthlink.net&gt;</I></B> wrote:
<BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid; WIDTH: 100%">My mistake was selling a couple points above their pivots. Had I given them just a wee bit more wiggle room I'd still be in. I didn't wait for them to touch the pivot price. I'd figured if they went up 12-15% they wouldn't pull all the way back to the pivot right away. <BR><BR>Just a bit more wiggle room next time. (g)<BR><BR>--<BR>Bill<BR><BR><BR><BR>-------Original Message-------<BR>From: Mike Lucero <M.LUCERO@VERIZON.NET><BR>Sent: 07/10/03 02:38 PM<BR>To: canslim@lists.xmission.com<BR>Subject: Re: [CANSLIM] Break outs or pullbacks<BR><BR>&gt; <BR>&gt; At a William O'Neil seminar, David Ryan said you should sell at least half<BR>if a stock falls below it's pivot.<BR><BR>----- Original Message ----- <BR>From: "Bill Triffet" <BTRIFFET@EARTHLINK.NET><BR>To: <CANSLIM@LISTS.XMISSION.COM><BR>Sent: Thursday, July 10, 2003 8:57 AM<BR>Subject: Re: [CANSLIM] Break outs or
 pullbacks<BR><BR><BR>Mike,<BR><BR>I started out this "trading season" strictly buying breakouts. I've since<BR>started keeping equal watch on pullbacks on recent breakouts for second<BR>chance entries provided the volume is light.<BR><BR>My reasoning is that in recent buys SHFL, AMHC, ADVP, to name a few, they<BR>broke out nicely. They quickly gained steam within a matter of a week or<BR>two. Problem was - they all started breaking down. It was not on huge<BR>volume<BR>but I didn't want to see my profits turn into losses. My stop-losses were<BR>set perhaps too tight so they all sold off. Looking back, offered<BR>secondary<BR>entry points. I blame this short sightedness on my technique to several<BR>years of bear rallies with quick 10-12% gains that fell back down equally<BR>as<BR>fast. It's tough to watch an issue shoot up 12% then fall back to my buy<BR>point.<BR><BR>I've since made a mental pact with myself (g) to allow them to fall right<BR>back to the base for the first few
 weeks - regardless of it being 10-20%<BR>in<BR>the first few weeks. I also think the secondary entry point is a good<BR>option. It's like a final shakeout for the stock to move ahead<BR>unencumbered<BR>by "waffley selling" like I was doing.<BR><BR>--<BR>Bill<BR><BR><BR><BR><BR><BR>-------Original Message-------<BR>From: michael_niemotka@baxter.com<BR>Sent: 07/10/03 08:28 AM<BR>To: canslim@lists.xmission.com<BR>Subject: [CANSLIM] Break outs or pullbacks<BR><BR>&gt;<BR>&gt; A general question to the group:<BR><BR>Do you tend to look strictly for breakouts from sound bases, and/or do you<BR>look for secondary entry points into stocks that have already broken out<BR>and still show promise?<BR><BR>Mike<BR><BR>Mike Niemotka , PE<BR>Sr. Principal Engineer<BR>Baxter Healthcare Corporation<BR>Route 120 &amp; Wilson Road<BR>Round Lake, IL 60073<BR>Tel (847) 270-4075<BR>Fax (847) 270-4525<BR>michael_niemotka@baxter.com<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email
 "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.<BR>&gt;<BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.<BR>&gt; <BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.</BLOCKQUOTE></DIV><p><hr SIZE=1>
Do you Yahoo!?<br>
<a href="http://pa.yahoo.com/*http://rd.yahoo.com/evt=1207/*http://promo.yahoo.com/sbc/">SBC Yahoo! DSL</a> - Now only $29.95 per month!
- --0-1657423808-1057881619=:86831--

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.
Go to Jeff Salisbury LWGate Home Page.