Go to Jeff Salisbury LWGate Home Page.From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] BCGI big dip
Date: Thu, 17 Jul 2003 13:19:55 -0700 (PDT)
Previous Article (by Author): Re: [CANSLIM] UTSI What am I missing? Spencer48@aol.com
Top of Thread: RE: [CANSLIM] BCGI big dip Marc Deiter
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Gene, I agree with you about the hard stops. Just want to point out that for this situation, the stop would not help. tomas - --- Gene Ricci <genr@swbell.net> wrote: > Tomas, yes.... a hard stop of some kind.... 7-8% too > tight, use 15 or 20 or 25%.... something. One of the > above would have saved you at least a dollar. > > Ah TUITION.... if you just want proof I have a box > full of 2001 and early 2002 trades that cost me > enough tuition to own the school .... all because I > didn't use the following three rules: > > 1) Always use protective stops when you enter a new > position to limit your theoretical risk on each > trade.... theoretical risk = distance between entry > price and 'open protective stop"... > 2) Use Trailing stops to lock in profits as a trade > moves in your favor > 3) Use 'creeping commitment' to start with a small > position and build to a larger one as your trailing > stop eliminates your risk to initial capital > > My daily routine: let my profits run on any position > until it's: > 1. over-valued > 2. over-owned > 3. stopped out - trailing stop > > It took me a long time (too long) to get the grasp > that it requires a stock to double in price to > recover a 50% loss. AND, after suffering a loss, > where the best place is to recover that loss.... > wait for the stock to recover ... or find a better > stock to buy... > > Gene > > > ----- Original Message ----- > From: Tomas > To: canslim@lists.xmission.com > Sent: Thursday, July 17, 2003 1:46 PM > Subject: Re: [CANSLIM] BCGI big dip > > > Gene, I don't see this as a bad thing. This is > another tuition fee. I look at it is way, I will > make > a lot of mistake. It is better to make the > mistakes > sooner than later (because I use less money now > than > later). I would like to get as much experience > and > lesson learn out of this as possible. > > On your second sentence, you are saying that I > should > put hard stop or stop limit on all my trades? > > tomas > > --- Gene Ricci <genr@swbell.net> wrote: > > Hi Tomas, sorry to hear of your bad luck. I have > to > > caution you to not trade with a hard stop of > some > > limit or another.... I see it's now down to a > 39% > > drop.... when does benign become terminal? > > > > Gene > > > > ----- Original Message ----- > > From: Tomas > > To: canslim canslim > > Sent: Thursday, July 17, 2003 1:28 PM > > Subject: [CANSLIM] BCGI big dip > > > > > > Hi All, > > > > I recently bought BCGI at BO on 07/08 for > $18.89. > > Good fundies and good CwH. No real yellow > flags > > that > > I can see. Yesterday on after hour trading, > it > > went > > down about 33% due to news on a potential lost > of > > a > > big customer (51% of revenue). Also, earnings > > release > > yesterday was very good. So, my question is > > should I > > know this coming? Maybe I missed some big > warning > > signs. Maybe I should have noticed the active > > insider > > selling the last few months. Another other > > warning > > signs that I would have noticed? Or is this > > something > > that you cannot protect from? I am think > there > > should > > be enough warning signs for this king of > thing. > > > > Is might be another dumb question, should I > just > > sell > > it now (you might be thinking "What! You have > not > > sold > > it yet"). Or wait for a few days to see what > > happens > > and maybe I can get some of my loss back? Am > I > > just > > been "hopeful when I should be fearful" (ie, > sell > > and > > get out ASAP)? > > > > > > Regards, > > tomas > > > > __________________________________ > > Do you Yahoo!? > > SBC Yahoo! DSL - Now only $29.95 per month! > > http://sbc.yahoo.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. > > > > > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! > http://sbc.yahoo.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. > __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.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.
Previous Article (by Author): Re: [CANSLIM] UTSI What am I missing? Spencer48@aol.com
Top of Thread: RE: [CANSLIM] BCGI big dip Marc Deiter
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