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

From: Yien T Lung <ylung@engin.umich.edu>
Subject: Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?
Date: Wed, 20 Aug 2003 14:20:13 -0400 (EDT)

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Kelly,

from the look of it, it seems that FL is trading just around the pivot -
which is the upper level of the right side of the cup (around 34.9). I
would probably get in the trade today.

Yien

On Wed, 20 Aug 2003, Kelly Short wrote:

> 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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