Re: [CANSLIM] RE: BCGI (was: What is your profession?)

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] RE: BCGI (was: What is your profession?)
Date: Fri, 15 Aug 2003 08:42:43 -0700 (PDT)

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Katherine,

I keep an xls sheet of my porfolio, which has my post
analysis (which I do not have access at this point). 
So, this is a high level overview.  I had two very
"bad" trade, both of which did a big gap down.

One was VRNT (buy 6/4, sold 6/9).  Two mistakes for
this stock.  Put a market order to buy at night, and
the price gap up the next morning.  So, entry point
was extended.  Then the stock gap down a few days
later.  That stock was an 18% lost, and could have
been prevented with a stop loss.  

BCGI did an even bigger gap down (almost 40%).  Bought
it at BO on 7/8.  Had a decent gain at one point. 
Then the gap down happened during after hour trading,
so a stop loss, which I did not used for this stock,
would not do any good.

APPX was one of my better picks.  However, I got
scared out due to a minor correction and took profit
early.
As for the other trades, they were not particularly
good picks.  Most of them just went sideways or I stop
out early since I realized they were not right(did not
follow through after BO).

FYI, I am currently reading "The Disciplined Trader". 
Very insightful.

tomas

- --- Katherine Malm <kmalm@earthlink.net> wrote:
> Hi Tomas,
> 
> Did you get caught up in the gap down after
> breakout? Did that one trade
> loss wipe out other good trades in the last few
> months? In doing a post
> analysis, what did you find?
> 
> Katherine
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf
> Of Tomas
> Sent: Friday, August 15, 2003 9:41 AM
> To: canslim@lists.xmission.com
> Subject: RE: [CANSLIM] What is your profession?
> 
> 
> Hi,
> 
> Me under the 30 crowd too.  I am an engineer. 
> Started
> actively trading using CS again for the last few
> months.  Had started CS a few years ago, but stop
> completely due to bad bad economy.  I can't cay that
> I
> had much success with my trades the last few months.
> Actually, I'm in the red (mainly due to BCGI).
> 
> tomas
> 
> 
> 
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