Go to Jeff Salisbury LWGate Home Page.From: "Duane Runnels" <drunnels@kiva.net>
Subject: Re: [CANSLIM] breakoutwatch
Date: Wed, 20 Aug 2003 12:15:24 -0500
Next Article (by Date): Re: [CANSLIM] breakoutwatch - use BW forum. Bill Triffet
Previous Article (by Date): Re: [CANSLIM] How to include graphs "Steve Goodwin"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0052_01C36714.BC0A3BE0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
I set the filter on the watchlist to 10-15% below a 52-week price high. =
This usually gives me plenty of time (at least the night before) for due =
diligence. I also set the filter pretty high so I don't get too many on =
my list. (CE, CQ, RS, etc). Yes, I miss out on many good picks, but I =
also filter out some stinkers and I'd rather save my energy for the =
occasional home run and therefore "size up" when I think I might have =
one. In fact, just today I set my filter even higher, hoping to find =
maybe 1-2 really good candidates per week. Currently my list is empty. =
In the meantime, I know there are people making money out there because =
today I've received 6-8 breakout alerts, but I don't care, I do what *I* =
want to do.
I decide the night before if I'm buying and when, so that I make it as =
mechanical as possible and get in the proper mindset. Then I watch the =
price and volume action on my own and have even bought minutes and cents =
prior to the alert being sent. The first thing I do is set a hard 8% =
stop and a mental 5% stop and watch it carefully until it's well clear =
of the pivot.
I'm a lazy investor, so I rely on breakoutwatch.com to find stocks for =
me, but *I* decide which ones to buy. I have a gold subscription and =
it's worth it to me, even with the limited use I'm giving it.
- ------=_NextPart_000_0052_01C36714.BC0A3BE0
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word"><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3DWord.Document name=3DProgId>
<META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR>
<META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C36709.6FC4C940" rel=3DFile-List><!--[if gte =
mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:SpellingState>Clean</w:SpellingState>
<w:GrammarState>Clean</w:GrammarState>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
</w:Compatibility>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
</w:WordDocument>
</xml><![endif]-->
<STYLE>@page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.25in 1.0in =
1.25in; mso-header-margin: .5in; mso-footer-margin: .5in; =
mso-paper-source: 0; }
P.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
LI.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
DIV.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
A:link {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlink {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
A:visited {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlinkFollowed {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.EmailStyle17 {
COLOR: windowtext; FONT-FAMILY: Arial; mso-style-type: =
personal-compose; mso-style-noshow: yes; mso-ansi-font-size: 10.0pt; =
mso-bidi-font-size: 10.0pt; mso-ascii-font-family: Arial; =
mso-hansi-font-family: Arial; mso-bidi-font-family: Arial
}
DIV.Section1 {
page: Section1
}
OL {
MARGIN-BOTTOM: 0in
}
UL {
MARGIN-BOTTOM: 0in
}
</STYLE>
<!--[if gte mso 10]>
<style>
/* Style Definitions */=20
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}
</style>
<![endif]--></HEAD>
<BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dpurple =
link=3Dblue=20
bgColor=3D#fffcf0>
<DIV><STRONG><FONT face=3DArial size=3D2>I set the filter on the =
watchlist to 10-15%=20
below a 52-week price high. This usually gives me plenty of time =
(at least=20
the night before) for due diligence. I also set the filter pretty =
high so=20
I don't get too many on my list. (CE, CQ, RS, etc). Yes, I miss =
out on=20
many good picks, but I also filter out some stinkers and I'd rather save =
my=20
energy for the occasional home run and therefore "size up" when I think =
I might=20
have one. In fact, just today I set my filter even higher, hoping =
to find=20
maybe 1-2 really good candidates per week. Currently my list is =
empty. In=20
the meantime, I know there are people making money out there because =
today I've=20
received 6-8 breakout alerts, but I don't care, I do what *I* want to=20
do.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=3DArial size=3D2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=3DArial size=3D2>I decide the night before if =
I'm buying and=20
when, so that I make it as mechanical as possible and get in the proper =
mindset.=20
</FONT></STRONG><STRONG><FONT face=3DArial size=3D2>Then I watch the =
price and=20
volume action on my own and have even bought minutes and cents prior to =
the=20
alert being sent. The first thing I do is set a hard 8% stop and a =
mental=20
5% stop and watch it carefully until it's well clear of the=20
pivot.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=3DArial size=3D2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=3DArial size=3D2>I'm a lazy investor, so I rely =
on=20
breakoutwatch.com to find stocks for me, but *I* decide which ones to =
buy. =20
I have a gold subscription and it's worth it to me, even with the =
limited use=20
I'm giving it.</FONT></STRONG><![if !supportLists]><![endif]><![if =
!supportLists]><![endif]></DIV></BODY></HTML>
- ------=_NextPart_000_0052_01C36714.BC0A3BE0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Date): Re: [CANSLIM] breakoutwatch - use BW forum. Bill Triffet
Previous Article (by Date): Re: [CANSLIM] How to include graphs "Steve Goodwin"
Articles sorted by: [Date]
[Author]
[Subject]