Re: [CANSLIM] breakoutwatch

From: Yien T Lung <ylung@engin.umich.edu>
Subject: Re: [CANSLIM] breakoutwatch
Date: Wed, 20 Aug 2003 14:04:51 -0400 (EDT)

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Pritish,

Long term investors often talk about the drawbacks of trading too much -
namely commission costs, higher taxes for shorter term trading, and the
compounding effect of money.

What is your take on these factors? Do you think that having a
high turnover
in your portfolio by any way affect your performance? How long have you
beeing trading?


Thanks
Yien

On Wed, 20 Aug 2003, Pritish Shah wrote:

> 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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