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

From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?
Date: Wed, 20 Aug 2003 15:03:56 -0500

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Brad,

I'm sorry, I meant to say 8/14 NOT 7/14.   Sorry about that.

Mike


Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com


                                                                                                                            
                    bflauaus                                                                                                
                    <bflauaus@swbell.net>        To:     canslim@lists.xmission.com                                         
                    Sent by:                     cc:                                                                        
                    owner-canslim@lists.xm       Subject:     RE: [CANSLIM] LF - Frustration! Could I have gotten in        
                    ission.com                    yesterday?                                                                
                                                                                                                            
                                                                                                                            
                    08/20/2003 02:48 PM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




Mike,

I looked at the LF on 7/14 and cannot identify the MACD crossover.  I see
x-overs on the 8th and 28th, but not the 14th.

Am I missing something here?  I am using MACD(12,26) and MACD EMA(9).

Brad

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Wednesday, August 20, 2003 1:27 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] LF - Frustration! Could I have gotten in
yesterday?



Kelly,

I have also been watching LF.
I would however, argue that the pivot point is at $34.77 (high on 6/18),
and that even though it would be nice to have the 9+% gain from today, on
top of any future profits, if you are following CANSLIM then you wait for
high vol breakout above the pivot.  (That could still happen today, since
it was above 34.77 intraday).

As far as technical indicators, on 7/14 the MACD crossed over the signal
line, which some people take as a buy sign. I have been checking this
signal as a secondary confirmation when I see a breakout occurring, but
have not done extensive backtesting on this.

I know how you feel when you see a huge single day gain on a stock that you
are willing to purchase, but if you choose to enter a position prior to a
breakout, you do so at addition risk.

You just have to decide how the risk reward ratio fits into your personal
style.

Mike

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com



                    "Kelly Short"
                    <kelly.short@fw.us.neo       To:
canslim@lists.xmission.com
                    ris.com>                     cc:
                    Sent by:                     Subject:     [CANSLIM] LF
- -
Frustration! Could I have gotten in yesterday?
                    owner-canslim@lists.xm
                    ission.com


                    08/20/2003 01:03 PM
                    Please respond to
                    canslim






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
(See attached file: LF.gif)



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