Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?

From: "Steve Goodwin" <sgoodwin@cfl.rr.com>
Subject: Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?
Date: Wed, 20 Aug 2003 14:08:44 -0400

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Kelly,

You don't have to totally rely on one alert service.  For instance, set a
volume and/or price alert in a broker's streaming quotes application and you
will be notified via screen, email, etc.  Be careful with the amateur hour
effect though.

- - S
sgoodwin@cfl.rr.com

SOA ... "The ability of a company to respond quickly and efficiently to
change and to leverage change for a competitive advantage." - Jason
Bloomberg
- ----- Original Message -----
From: "Kelly Short" <kelly.short@fw.us.neoris.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 20, 2003 2:03 PM
Subject: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?


Folks, (that's Texan for "Everyone")

LF has been on my watch list and I was awaiting an alert from my
breakoutwatch.com subscription which if I had received I was planning to
purchase it. Today, LF broke out and by the time I was able to check the
breakout alert and stock action it was already up 9% for the day, but not
yet above the breakout price. I could have gotten in, and might still do
that tomorrow if it pulls back, but I am frustrated that a stock, on my
watch list, which I was willing to purchase, would run up so much before I
could do anything about it. Therefore, I pose the following question:

Given the action of LF (see attached chart) are there any technical
indicators that could have notified me **yesterday** that this stock was
going to rocket off today? Is it reasonable to believe I could have bought
the stock yesterday to participate in today's action and still be following
CANSLIM rules? I would greatly appreciate anyone's advice on this.

Frustrated Texan,

Kelly



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