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

From: "Pete" <peten123@nc.rr.com>
Subject: Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?
Date: Wed, 20 Aug 2003 15:06:07 -0400

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There isn't a really good base pattern here anyhow.  I'd wait for a pullback
and buy there.

This is the tricky part with CANSLIM setting up the watchlist and pouncing
at the right time I missed KKD last week because I was in the market's
correcting mode, you'd think I'd learn!

Peter
- ----- 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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