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

From: "Kelly Short" <kelly.short@fw.us.neoris.com>
Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday?
Date: Wed, 20 Aug 2003 15:22:27 -0500
Previous Article (by Date): RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? michael_niemotka@baxter.com
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Tomas!

Exactly! You understand exactly what I am asking for - a way to predict =
the future. Actually, just tomorrow. Please forward your solution =
off-line, I don't want everyone to know! Thanks...

Kelly


- -----Original Message-----
From: Tomas [mailto:tomas986@yahoo.com]
Sent: Wednesday, August 20, 2003 3:01 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in
yesterday?


Kelly,

Sounds like you are asking if there is any way we
could figure out a way to predict the future.  :).

j/k.

In any case, I know how you feel.  I think everyone
here has been in that situation at one time or
another, and probably more times.  Actually, it
happens to me a few times the last few months.  Been
eyeing a stock for a long time, and seeing it about to
BO.  Then it BO with a %10+ price.  Then I just jump
up and down and curse at the air.  :).

Look at the bright side, it is still withing the entry
point.


Your Fellow Texan,
tomas


- --- michael_niemotka@baxter.com wrote:
>=20
> Brad,
>=20
> I'm sorry, I meant to say 8/14 NOT 7/14.   Sorry
> about that.
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> Mike
>=20
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> 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
>=20
>=20
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>                     bflauaus                       =20
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>                     <bflauaus@swbell.net>        To:
>     canslim@lists.xmission.com                     =20
>                  =20
>                     Sent by:                     cc:
>                                                    =20
>                  =20
>                     owner-canslim@lists.xm     =20
> Subject:     RE: [CANSLIM] LF - Frustration! Could I
> have gotten in       =20
>                     ission.com                  =20
> yesterday?                                         =20
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>                     08/20/2003 02:48 PM            =20
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>                     Please respond to              =20
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>                     canslim                        =20
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> Mike,
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> 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.
>=20
> Am I missing something here?  I am using MACD(12,26)
> and MACD EMA(9).
>=20
> Brad
>=20
> -----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?
>=20
>=20
>=20
> Kelly,
>=20
> 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).
>=20
> 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.
>=20
> 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.
>=20
> You just have to decide how the risk reward ratio
> fits into your personal
> style.
>=20
> Mike
>=20
> 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
>=20
>=20
>=20
>                     "Kelly Short"
>                     <kelly.short@fw.us.neo       To:
> canslim@lists.xmission.com
>                     ris.com>                     cc:
>                     Sent by:                   =20
> Subject:     [CANSLIM] LF
> -
> Frustration! Could I have gotten in yesterday?
>                     owner-canslim@lists.xm
>                     ission.com
>=20
>=20
>                     08/20/2003 01:03 PM
>                     Please respond to
>                     canslim
>=20
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> Folks, (that's Texan for "Everyone")
>=20
> 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:
>=20
> 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.
>=20
> Frustrated Texan,
>=20
> Kelly
> (See attached file: LF.gif)
>=20
>=20
>=20
> -
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>=20
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=3D=3D=3D message truncated =3D=3D=3D


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