Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <ffr@adrich.com>
Subject: RE: [CANSLIM] a random thought
Date: Mon, 11 Aug 2003 08:04:33 -0500
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Katherine is quite correct about using the A/D to help identify stocks
to consider and possibly add to one's portfolio. I rely on setting up
an alert and/or stop loss point using a trailing stop to protect my
position profits. Then, if we get stopped out of a position, we
consider re-buying the position when the stock regains the stop loss
point if the basic fundamentals and other technical aspects remain
within our overall criteria. If not, we pass on re-buying.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Monday, August 11, 2003 7:43 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] a random thought
Hi Jeff,
In my experience, the A/D is a decent tool when buying into a long
position (limiting buys to A, B or C) but it's a lousy indicator of
tops. I remember in the March of 2000 that all the top stocks still had
an "A" rating long after they'd crashed off their tops. The 13 weeks
included in the indicator makes is a lagging indicator in my mind, too
slow to catch the very near term price action in a stock that often
triggers sell rules.
The IBD says they don't see it as a lagging indicator and that it is one
of their "fastest." Faster? Yes, faster than RS (52 weeks) or GRS (26
weeks), but not "non-lagging" in my opinion.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson
Sent: Monday, August 11, 2003 6:27 AM
To: Canslim
Subject: [CANSLIM] a random thought
I was thinking that accumulation/distributor indicator seems to be a
valuable tool if there is a lot (for lack of a better term) of
institutional sponsorship. What do y'all think?
Jeff H.
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<DIV><SPAN class=3D906365912-11082003><FONT face=3DArial color=3D#0000ff =
size=3D2>Katherine is quite correct about using the A/D to help identify =
stocks to=20
consider and possibly add to one's portfolio. I rely on setting up =
an=20
alert and/or stop loss point using a trailing stop to protect my =
position=20
profits. Then, if we get stopped out of a position, we consider =
re-buying=20
the position when the stock regains the stop loss point if the basic=20
fundamentals and other technical aspects remain within our overall=20
criteria. If not, we pass on re-buying.</FONT></SPAN></DIV>
<DIV><SPAN class=3D906365912-11082003><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr 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>Katherine Malm<BR><B>Sent:</B> Monday, August 11, =
2003=20
7:43 AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
RE:=20
[CANSLIM] a random thought<BR><BR></FONT></DIV>
<DIV><SPAN class=3D296583712-11082003>Hi Jeff,</SPAN></DIV>
<DIV><SPAN class=3D296583712-11082003></SPAN> </DIV>
<DIV><SPAN class=3D296583712-11082003>In my experience, the A/D is a =
decent tool=20
when buying into a long position (limiting buys to A, B or C) but it's =
a lousy=20
indicator of tops. I remember in the March of 2000 that all =
the top=20
stocks still had an "A" rating long after they'd crashed off their =
tops. The=20
13 weeks included in the indicator makes is a lagging indicator in my =
mind,=20
too slow to catch the very near term price action in a stock that =
often=20
triggers sell rules.</SPAN></DIV>
<DIV><SPAN class=3D296583712-11082003></SPAN> </DIV>
<DIV><SPAN class=3D296583712-11082003>The IBD says they don't see it =
as a=20
lagging indicator and that it is one of their "fastest." Faster? Yes, =
faster=20
than RS (52 weeks) or GRS (26 weeks), but not "non-lagging" in my=20
opinion.</SPAN></DIV>
<DIV><SPAN class=3D296583712-11082003></SPAN> </DIV>
<DIV><SPAN class=3D296583712-11082003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Jeff=20
Henderson<BR><B>Sent:</B> Monday, August 11, 2003 6:27 =
AM<BR><B>To:</B>=20
Canslim<BR><B>Subject:</B> [CANSLIM] a random =
thought<BR><BR></FONT></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I was thinking that=20
accumulation/distributor indicator seems to be a valuable tool if =
there is a=20
lot (for lack of a better term) of institutional sponsorship.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>What do y’all =
think?<SPAN=20
style=3D"mso-spacerun: yes"> =
</SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Jeff=20
=
H.<o:p></o:p></SPAN></FONT></P></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></H=
TML>
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Next Article (by Subject): [CANSLIM] Accumulation / Distribution formula Peter Dugan
Previous Article (by Subject): RE: [CANSLIM] a random thought "Katherine Malm"
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