Re: [CANSLIM] breakoutwatch

From: "Pritish Shah" <pshah@lason.com>
Subject: Re: [CANSLIM] breakoutwatch
Date: Wed, 20 Aug 2003 12:10:26 -0400

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My opinion of this site is great. I do not look at the CE/CQ. I buy a
breakout if there is positive news preceeding the breakout. That seems
to have worked the best for me.

My latest examples are AUO (+21% - sold), ESI(+30%), NTST(+4%),
ESPD(+5%), TUES (+16%), CCMP (+4%), WFSI(+43%). All these I bought based
on breakoutwatch.com email alerts.

I think what matters more than CE/CQ is the chart action based upon the
news. The chart tells you whether people like the news or hate the news.
I have the trust that breakoutwatch has already scanned and only put the
stocks with best CE/CQ in the list to begin with. With that in mind, I
do not look at CE/CQ.

Plus, if I buy some stock and nothing happens in it for a week, I sell
it off -- does not matter if the loss is 1% or 5%. My recent sells are
basically happening fast around 6-7% no matter what.

I am in the process of compiling an excel spreadsheet to identify what
works. I will have it done in the next few days and I will share it with
the group if breakoutwatch.com allows.


Pritish


>>> JHend746@cox.net 8/20/2003 11:54:36 AM >>>
For those of you that use breakout watch, I have a few questions:
1)       Do you buy as soon as you get an alert or do you filter for
chart quality and the CE value to determine what do buy?
2)       What is your opinion overall for the site?

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