From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1917 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Monday, December 10 2001 Volume 02 : Number 1917 In this issue: AW: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) Re: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) ---------------------------------------------------------------------- Date: Mon, 10 Dec 2001 12:44:52 +0100 From: Andreas Himmelreich Subject: AW: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) I know its a big risk. Though I only bought it for 5% of my whole capital and give it shot ... > -----Ursprungliche Nachricht----- > Von: Tom Worley [SMTP:stkguru@netside.net] > Gesendet am: Monday, December 10, 2001 12:18 PM > An: canslim@lists.xmission.com > Betreff: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) > > Why did you buy it so extended, Andreas? > > Tom Worley > stkguru@netside.net > AIM: TexWorley > > ----- Original Message ----- > From: Andreas Himmelreich > To: 'canslim@lists.xmission.com' > Sent: Monday, December 10, 2001 6:05 AM > Subject: AW: [CANSLIM] Another Question: Beakouts ... > > > Hi Tom, > > yes It is a typo, I bought it for 13.50 ... > > > -----Ursprungliche Nachricht----- > > Von: Tom Worley [SMTP:stkguru@netside.net] > > Gesendet am: Sunday, December 09, 2001 3:51 PM > > An: canslim@lists.xmission.com > > Betreff: Re: [CANSLIM] Another Question: Beakouts ... > > > > Hi Andreas, > > > > I will have to figure out why SAY never showed up on my lists, should > have and didn't until you mention it. I presume your "15.50" is a typo, as > it has yet to trade there? > > > > For TTIL, it's hard for me to think of buying it here, I picked it up for > my VR fund a while ago, up now nearly 60%. I knew this company from some > years ago, and expected this kind of results based on its fundies. Just > another of my "non-CANSLIM" picks. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: Andreas Himmelreich > > To: 'canslim@lists.xmission.com' > > Sent: Sunday, December 09, 2001 9:41 AM > > Subject: AW: [CANSLIM] Another Question: Beakouts ... > > > > > > Thanx for the response !!! > > > > This week I bought > > > > ECTX (I figured if USTI breaks out, why should not ECTX, which has even > > better fundamentals) and AMWD (a lot of home builders broke out, so why > not > > AMWD) > > before it broke out above the pivot). Also DFXI (fundamentally the > stock I > > love the most !!!) > > > > I bought also SAY, but at 15.50, so an actually overextended CANSLIM > trade, > > which should not be done, but I take the risk, because I think there is > a > > good chance > > that the trend sustaines, I placed the stop, so I do not risk more then > 2% > > of my whole capital ... > > > > I am also thinking about TTIL, which is also overextended, but has a > nice > > Flag ... > > > > See you > > > > Andreas > > > > > > > -----Ursprungliche Nachricht----- > > > Von: Katherine Malm [SMTP:kmalm@earthlink.net] > > > Gesendet am: Sunday, December 09, 2001 2:25 PM > > > An: canslim@lists.xmission.com > > > Betreff: Re: [CANSLIM] Another Question: Beakouts ... > > > > > > Mornin' Norm, > > > > > > Sure seems to me the approach you are describing shows greater depth > of > > understanding than many professionals have. None of the 4 options > listed > > are worth a flip unless the candidate is superior and I think that's > what > > people forget in their rush to fill the portfolio with positions. Your > > alternative, which I'll call "option 5" shows a different entry > strategy > > supported by your own individual style. My own style is to move quickly > out > > of something if it doesn't do what I'm expecting in the near term. But > I > > continue to monitor the candidate in case it was a false start, then > get > > right back in. That means that under some market conditions it might > take > > me two entries, but my loss the first time is generally well under the > 7-8% > > rule, so I write that off as "risk control." As you have pointed out, > > everyone has their own risk tolerance and patience factor and finding a > > strategy that fits that personality makes all the difference in success > > rate. > > > > > > Katherine > > > > > > > > > > > > ----- Original Message ----- > > > From: Norman > > > To: canslim@lists.xmission.com > > > Sent: Sunday, December 09, 2001 7:54 AM > > > Subject: Re: [CANSLIM] Another Question: Beakouts ... > > > > > > > > > Hi Andreas, > > > > > > I like, and have begun to use, Katherine's option number 3. This > is > > not a bad method if canslim criteria are met. If there is good vol on > the > > right side of the base (unless it's a flat base) then funds are buying, > if > > the base and handle are correctly formed, if the company has > outstanding > > fundamentals, if the GRS is good and trending up, if it's peers are > doing > > well on the average, etc. I know this is a lot to ask but this market > has > > not been very forgiven for CANSLIMers lately. And often the stock will > not > > break out for days or weeks or not at all. But you will have the odds > on > > your side; a good company, with big money support and a good chart. > The > > only real problems I have noted are 1) that I have to sit around and > watch > > other stocks on my list shoot up (unavoidable), and 2) if the handle is > > 10-15% off the pivot then there has to be a substantial move just to > get to > > my buy order; this increases the likely hood of a second handle or that > my > > order will execute and the price will close below that point. I am > willing > > to live with these risks if the company is top notch. I don't see the > low > > vol breakout as much of a risk; at least I would be making money. If > the > > company, chart and GRS are good then I would hold the low vol BO with a > > shallow s/l order in place. I guess then I would be an "aggressive > value > > investor". Additionally, this may be the only way to buy the flat base > or > > LLUR; they seem to often shoot up out of their pattern quickly. > > > > > > disclaimer: I'm an amateur with much less experience than most :-) > > > > > > Norm > > > > > > ----- Original Message ----- > > > From: "Katherine Malm" > > > To: > > > Sent: Saturday, December 08, 2001 11:44 PM > > > Subject: Re: [CANSLIM] Another Question: Beakouts ... > > > > > > > > > > Hi Andreas, > > > > > > > > > And then you wait all day until they breakout? So Canslim can > only > > be done > > > > by people who > > > > > do this full time? > > > > > Even a Stop buy does not work because you do not know if the > volume > > is at > > > > least 50% higher then > > > > > average. > > > > > > > > Option 1: If you are trading full time, but don't want to sit at > the > > > > computer all day and watch the quote screen, use trading software > > that > > > > allows you to set audible alarms when the stock on your wishlist > > meets > > > > certain price and/or volume criteria. I do this with Schwab's > > Streetsmart > > > > Pro. At the beginning of each trading day, I update my alarms > based > > on my > > > > strategy for the day. If the alarms go off, I look at the screen. > If > > they > > > > don't, I don't have to watch at all. > > > > > > > > Option 2: Use a service that sends these alarms to your pager or > > digital > > > > phone. Many brokerages offer this option. If your employer has no > > problem > > > > with you placing trades during your work day, this works well. > Ext > > rapolating > > > > volume intraday will give a feel as to breakout potential. > > > > > > > > Option 3: If you are working at a job other than trading and do > not > > or > > > > cannot trade during market hours, using a buy-stop-limit is the > only > > way to > > > > make entries at the time of the first breakout attempt. > > Unfortunately, these > > > > are not volume dependent, as you noted. If you are convinced that > > this is a > > > > stock worth owning, you set up the trade and see what happens. If > you > > can > > > > check volume at lunchtime, that may help you assess whether or > not to > > cancel > > > > the order if it has not yet executed. If the buy was executed > during > > the day > > > > but on your end-of-day review you see that the appropriate > minimum > > volume > > > > was not met, sell it the next day. Plain and simple. Cost of > doing > > business. > > > > While a stock breaking out on below average volume may not > > necessarily fail, > > > > the *probability* of failure is higher. That's reason enough to > exit > > the > > > > trade. > > > > > > > > Option 4: If the stock broke out but finished the day within 5% > of > > the > > > > pivot, place a limit order for the open. If you get it, fine. If > you > > don't, > > > > well there's 9,999 other stocks in the universe. > > > > > > > > Katherine > > > > > > > > > > > > > > > > > > > > ----- Original Message ----- > > > > From: "Andreas Himmelreich" > > > > To: > > > > Sent: Saturday, December 08, 2001 9:55 PM > > > > Subject: [CANSLIM] Another Question: Beakouts ... > > > > > > > > > > > > > How do you spot breakouts? > > > > > > > > > > OK, I have a watchlist on stocks that are fundamentally and > > technically > > > > interesting. > > > > > And then you wait all day until they breakout? So Canslim can > only > > be done > > > > by people who > > > > > do this full time? > > > > > > > > > > Even a Stop buy does not work because you do not know if the > > volumne is at > > > > least 50% higher then > > > > > average. > > > > > > > > > > Alternative is to buy on the second day of the breakout, but > this > > should > > > > only be done if > > > > > the price is not higher then 10% above the pivot? A lot of > > breakouts do > > > > 10% and more on the > > > > > breakout day. > > > > > > > > > > So how do you do this? > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > << Datei: ATT00013.htm >> > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > << Datei: ATT00000.htm >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > << Datei: ATT00019.htm >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 10 Dec 2001 06:47:57 -0500 From: "Tom Worley" Subject: Re: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) This is a multi-part message in MIME format. - ------=_NextPart_000_001C_01C18146.9ACE7500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Good luck with it. Off to a hot start. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Andreas Himmelreich=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, December 10, 2001 6:44 AM Subject: AW: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) I know its a big risk. Though I only bought it for 5% of my whole = capital and give it shot ... > -----Ursprungliche Nachricht----- > Von: Tom Worley [SMTP:stkguru@netside.net] > Gesendet am: Monday, December 10, 2001 12:18 PM > An: canslim@lists.xmission.com > Betreff: SAY (was Re: [CANSLIM] Another Question: Beakouts ...) >=20 > Why did you buy it so extended, Andreas? >=20 > Tom Worley > stkguru@netside.net > AIM: TexWorley >=20 > ----- Original Message -----=20 > From: Andreas Himmelreich=20 > To: 'canslim@lists.xmission.com'=20 > Sent: Monday, December 10, 2001 6:05 AM > Subject: AW: [CANSLIM] Another Question: Beakouts ... >=20 >=20 > Hi Tom, >=20 > yes It is a typo, I bought it for 13.50 ... >=20 > > -----Ursprungliche Nachricht----- > > Von: Tom Worley [SMTP:stkguru@netside.net] > > Gesendet am: Sunday, December 09, 2001 3:51 PM > > An: canslim@lists.xmission.com > > Betreff: Re: [CANSLIM] Another Question: Beakouts ... > > > > Hi Andreas, > > > > I will have to figure out why SAY never showed up on my lists, = should=20 > have and didn't until you mention it. I presume your "15.50" is a = typo, as=20 > it has yet to trade there? > > > > For TTIL, it's hard for me to think of buying it here, I picked = it up for=20 > my VR fund a while ago, up now nearly 60%. I knew this company = from some=20 > years ago, and expected this kind of results based on its fundies. = Just=20 > another of my "non-CANSLIM" picks. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: Andreas Himmelreich > > To: 'canslim@lists.xmission.com' > > Sent: Sunday, December 09, 2001 9:41 AM > > Subject: AW: [CANSLIM] Another Question: Beakouts ... > > > > > > Thanx for the response !!! > > > > This week I bought > > > > ECTX (I figured if USTI breaks out, why should not ECTX, which = has even=20 > > better fundamentals) and AMWD (a lot of home builders broke = out, so why=20 > not > > AMWD) > > before it broke out above the pivot). Also DFXI (fundamentally = the=20 > stock I > > love the most !!!) > > > > I bought also SAY, but at 15.50, so an actually overextended = CANSLIM=20 > trade, > > which should not be done, but I take the risk, because I think = there is=20 > a > > good chance > > that the trend sustaines, I placed the stop, so I do not risk = more then=20 > 2% > > of my whole capital ... > > > > I am also thinking about TTIL, which is also overextended, but = has a=20 > nice > > Flag ... > > > > See you > > > > Andreas > > > > > > > -----Ursprungliche Nachricht----- > > > Von: Katherine Malm [SMTP:kmalm@earthlink.net] > > > Gesendet am: Sunday, December 09, 2001 2:25 PM > > > An: canslim@lists.xmission.com > > > Betreff: Re: [CANSLIM] Another Question: Beakouts ... > > > > > > Mornin' Norm, > > > > > > Sure seems to me the approach you are describing shows = greater depth=20 > of > > understanding than many professionals have. None of the 4 = options=20 > listed > > are worth a flip unless the candidate is superior and I think = that's=20 > what > > people forget in their rush to fill the portfolio with = positions. Your > > alternative, which I'll call "option 5" shows a different = entry=20 > strategy > > supported by your own individual style. My own style is to = move quickly=20 > out > > of something if it doesn't do what I'm expecting in the near = term. But=20 > I > > continue to monitor the candidate in case it was a false = start, then=20 > get > > right back in. That means that under some market conditions it = might=20 > take > > me two entries, but my loss the first time is generally well = under the=20 > 7-8% > > rule, so I write that off as "risk control." As you have = pointed out, > > everyone has their own risk tolerance and patience factor and = finding a=20 > > strategy that fits that personality makes all the difference = in success=20 > > rate. > > > > > > Katherine > > > > > > > > > > > > ----- Original Message ----- > > > From: Norman > > > To: canslim@lists.xmission.com > > > Sent: Sunday, December 09, 2001 7:54 AM > > > Subject: Re: [CANSLIM] Another Question: Beakouts ... > > > > > > > > > Hi Andreas, > > > > > > I like, and have begun to use, Katherine's option number = 3. This=20 > is > > not a bad method if canslim criteria are met. If there is = good vol on=20 > the > > right side of the base (unless it's a flat base) then funds = are buying,=20 > if > > the base and handle are correctly formed, if the company has=20 > outstanding > > fundamentals, if the GRS is good and trending up, if it's = peers are=20 > doing > > well on the average, etc. I know this is a lot to ask but = this market=20 > has > > not been very forgiven for CANSLIMers lately. And often the = stock will=20 > not > > break out for days or weeks or not at all. But you will have = the odds=20 > on > > your side; a good company, with big money support and a good = chart.=20 > The > > only real problems I have noted are 1) that I have to sit = around and=20 > watch > > other stocks on my list shoot up (unavoidable), and 2) if the = handle is=20 > > 10-15% off the pivot then there has to be a substantial move = just to=20 > get to > > my buy order; this increases the likely hood of a second = handle or that=20 > my > > order will execute and the price will close below that point. = I am=20 > willing > > to live with these risks if the company is top notch. I don't = see the=20 > low > > vol breakout as much of a risk; at least I would be making = money. If=20 > the > > company, chart and GRS are good then I would hold the low vol = BO with a=20 > > shallow s/l order in place. I guess then I would be an = "aggressive=20 > value > > investor". Additionally, this may be the only way to buy the = flat base=20 > or > > LLUR; they seem to often shoot up out of their pattern = quickly. > > > > > > disclaimer: I'm an amateur with much less experience than = most :-) > > > > > > Norm > > > > > > ----- Original Message ----- > > > From: "Katherine Malm" > > > To: > > > Sent: Saturday, December 08, 2001 11:44 PM > > > Subject: Re: [CANSLIM] Another Question: Beakouts ... > > > > > > > > > > Hi Andreas, > > > > > > > > > And then you wait all day until they breakout? So = Canslim can=20 > only > > be done > > > > by people who > > > > > do this full time? > > > > > Even a Stop buy does not work because you do not know = if the=20 > volume > > is at > > > > least 50% higher then > > > > > average. > > > > > > > > Option 1: If you are trading full time, but don't want = to sit at=20 > the > > > > computer all day and watch the quote screen, use trading = software=20 > > that > > > > allows you to set audible alarms when the stock on your = wishlist > > meets > > > > certain price and/or volume criteria. I do this with = Schwab's > > Streetsmart > > > > Pro. At the beginning of each trading day, I update my = alarms=20 > based > > on my > > > > strategy for the day. If the alarms go off, I look at = the screen.=20 > If > > they > > > > don't, I don't have to watch at all. > > > > > > > > Option 2: Use a service that sends these alarms to your = pager or > > digital > > > > phone. Many brokerages offer this option. If your = employer has no=20 > > problem > > > > with you placing trades during your work day, this works = well.=20 > Ext > > rapolating > > > > volume intraday will give a feel as to breakout = potential. > > > > > > > > Option 3: If you are working at a job other than trading = and do=20 > not > > or > > > > cannot trade during market hours, using a buy-stop-limit = is the=20 > only > > way to > > > > make entries at the time of the first breakout attempt. > > Unfortunately, these > > > > are not volume dependent, as you noted. If you are = convinced that=20 > > this is a > > > > stock worth owning, you set up the trade and see what = happens. If=20 > you > > can > > > > check volume at lunchtime, that may help you assess = whether or=20 > not to > > cancel > > > > the order if it has not yet executed. If the buy was = executed=20 > during > > the day > > > > but on your end-of-day review you see that the = appropriate=20 > minimum > > volume > > > > was not met, sell it the next day. Plain and simple. = Cost of=20 > doing > > business. > > > > While a stock breaking out on below average volume may = not > > necessarily fail, > > > > the *probability* of failure is higher. That's reason = enough to=20 > exit > > the > > > > trade. > > > > > > > > Option 4: If the stock broke out but finished the day = within 5%=20 > of > > the > > > > pivot, place a limit order for the open. If you get it, = fine. If=20 > you > > don't, > > > > well there's 9,999 other stocks in the universe. > > > > > > > > Katherine > > > > > > > > > > > > > > > > > > > > ----- Original Message ----- > > > > From: "Andreas Himmelreich" > > > > To: > > > > Sent: Saturday, December 08, 2001 9:55 PM > > > > Subject: [CANSLIM] Another Question: Beakouts ... > > > > > > > > > > > > > How do you spot breakouts? > > > > > > > > > > OK, I have a watchlist on stocks that are = fundamentally and > > technically > > > > interesting. > > > > > And then you wait all day until they breakout? So = Canslim can=20 > only > > be done > > > > by people who > > > > > do this full time? > > > > > > > > > > Even a Stop buy does not work because you do not know = if the > > volumne is at > > > > least 50% higher then > > > > > average. > > > > > > > > > > Alternative is to buy on the second day of the = breakout, but=20 > this > > should > > > > only be done if > > > > > the price is not higher then 10% above the pivot? A = lot of > > breakouts do > > > > 10% and more on the > > > > > breakout day. > > > > > > > > > > So how do you do this? > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email = "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your = email. > > > > > > > > > > > << Datei: ATT00013.htm >> > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > << Datei: ATT00000.htm >>=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 > << Datei: ATT00019.htm >>=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_001C_01C18146.9ACE7500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Good luck with it. Off to a hot start.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Andreas = Himmelreich
To: 'canslim@lists.xmission.com' =
Sent: Monday, December 10, 2001 = 6:44=20 AM
Subject: AW: SAY (was Re: = [CANSLIM]=20 Another Question: Beakouts ...)

I know its a big risk. Though I only bought it for 5% = of my=20 whole capital and give it shot ...

> -----Ursprungliche=20 Nachricht-----
> Von: Tom Worley [SMTP:stkguru@netside.net]>=20 Gesendet am: Monday, December 10, 2001 12:18 PM
> An: canslim@lists.xmission.com=
>=20 Betreff: SAY (was Re: [CANSLIM] Another Question: Beakouts = ...)
>=20
> Why did you buy it so extended, Andreas?
>
> Tom = Worley
> stkguru@netside.net
> = AIM:=20 TexWorley
>
>   ----- Original Message -----=20
>   From: Andreas Himmelreich
>   = To: 'canslim@lists.xmission.com'= =20
>   Sent: Monday, December 10, 2001 6:05=20 AM
>   Subject: AW: [CANSLIM] Another Question: = Beakouts=20 ...
>
>
>   Hi Tom,
> =
>  =20 yes It is a typo, I bought it for 13.50 ...
> =
>   >=20 -----Ursprungliche Nachricht-----
>   > Von: Tom = Worley [SMTP:stkguru@netside.net]>  =20 > Gesendet am: Sunday, December 09, 2001 3:51 = PM
>   >=20 An: canslim@lists.xmission.com=
>  =20 > Betreff: Re: [CANSLIM] Another Question: Beakouts = ...
>  =20 >
>   > Hi Andreas,
>  =20 >
>   > I will have to figure out why SAY never = showed=20 up on my lists, should
>   have and didn't until you = mention=20 it. I presume your "15.50" is a typo, as
>   it has = yet to=20 trade there?
>   >
>   > For = TTIL, it's=20 hard for me to think of buying it here, I picked it up for=20
>   my VR fund a while ago, up now nearly 60%. I knew = this=20 company from some
>   years ago, and expected this = kind of=20 results based on its fundies. Just
>   another of my=20 "non-CANSLIM" picks.
>   >
>   > = Tom=20 Worley
>   > stkguru@netside.net
> =  =20 > AIM: TexWorley
>   >
>  =20 >   ----- Original Message -----
>  =20 >   From: Andreas Himmelreich
>  =20 >   To: 'canslim@lists.xmission.com'=
>  =20 >   Sent: Sunday, December 09, 2001 9:41 = AM
>  =20 >   Subject: AW: [CANSLIM] Another Question: Beakouts=20 ...
>   >
>   = >
>  =20 >   Thanx for the response !!!
>  =20 >
>   >   This week I=20 bought
>   >
>   >   = ECTX (I=20 figured if USTI breaks out, why should not ECTX, which has even=20
>   >   better fundamentals) and AMWD (a = lot of=20 home builders broke out, so why
>   = not
>  =20 >   AMWD)
>   >   before it = broke=20 out above the pivot). Also DFXI (fundamentally the =
>   stock=20 I
>   >   love the most = !!!)
>  =20 >
>   >   I bought also SAY, but at = 15.50, so=20 an actually overextended CANSLIM
>  =20 trade,
>   >   which should not be done, = but I=20 take the risk, because I think there is
>  =20 a
>   >   good chance
>   = >   that the trend sustaines, I placed the stop, so I do = not risk=20 more then
>   2%
>   >   = of my=20 whole capital ...
>   >
>  =20 >   I am also thinking about TTIL, which is also = overextended,=20 but has a
>   nice
>   = >   Flag=20 ...
>   >
>   >   See=20 you
>   >
>   >  =20 Andreas
>   >
>   = >
>  =20 >   > -----Ursprungliche = Nachricht-----
>  =20 >   > Von: Katherine Malm [SMTP:kmalm@earthlink.net]>  =20 >   > Gesendet am: Sunday, December 09, 2001 2:25=20 PM
>   >   > An: canslim@lists.xmission.com=
>  =20 >   > Betreff: Re: [CANSLIM] Another Question: = Beakouts=20 ...
>   >   >
>  =20 >   > Mornin' Norm,
>   = >  =20 >
>   >   > Sure seems to me the = approach=20 you are describing shows greater depth
>  =20 of
>   >   understanding than many = professionals=20 have. None of the 4 options
>   = listed
>  =20 >   are worth a flip unless the candidate is superior and = I think=20 that's
>   what
>   >   = people=20 forget in their rush to fill the portfolio with positions.=20 Your
>   >   alternative, which I'll call = "option=20 5" shows a different entry
>   = strategy
>  =20 >   supported by your own individual style. My own style = is to=20 move quickly
>   out
>   = >   of=20 something if it doesn't do what I'm expecting in the near term. But=20
>   I
>   >   continue = to=20 monitor the candidate in case it was a false start, then =
>  =20 get
>   >   right back in. That means = that under=20 some market conditions it might
>   = take
>  =20 >   me two entries, but my loss the first time is = generally well=20 under the
>   7-8%
>   = >   rule,=20 so I write that off as "risk control." As you have pointed=20 out,
>   >   everyone has their own risk=20 tolerance and patience factor and finding a
>  =20 >   strategy that fits that personality makes all the = difference=20 in success
>   >   = rate.
>  =20 >   >
>   >   >=20 Katherine
>   >   = >
>  =20 >   >
>   >  =20 >
>   >   > ----- Original Message=20 -----
>   >   >   From:=20 Norman
>   >   >   To: canslim@lists.xmission.com=
>  =20 >   >   Sent: Sunday, December 09, 2001 7:54 = AM
>   >   >   Subject: Re:=20 [CANSLIM] Another Question: Beakouts ...
>   = >  =20 >
>   >   >
>  =20 >   >   Hi Andreas,
>  =20 >   >
>   >   = >   I=20 like, and have begun to use, Katherine's option number 3.  This=20
>   is
>   >   not a bad = method=20 if canslim criteria are met.  If there is good vol on=20
>   the
>   >   right = side of=20 the base (unless it's a flat base) then funds are buying, =
>  =20 if
>   >   the base and handle are = correctly=20 formed, if the company has
>  =20 outstanding
>   >   fundamentals, if the = GRS is=20 good and trending up, if it's peers are
>  =20 doing
>   >   well on the average, = etc.  I=20 know this is a lot to ask but this market
>  =20 has
>   >   not been very forgiven for = CANSLIMers=20 lately.  And often the stock will
>  =20 not
>   >   break out for days or weeks = or not at=20 all.  But you will have the odds
>  =20 on
>   >   your side; a good company, = with big=20 money support and a good chart.
>   =20 The
>   >   only real problems I have = noted are=20 1) that I have to sit around and
>  =20 watch
>   >   other stocks on my list = shoot up=20 (unavoidable), and 2) if the handle is
>   = >  =20 10-15% off the pivot then there has to be a substantial move just to=20
>   get to
>   >   my = buy order;=20 this increases the likely hood of a second handle or that =
>  =20 my
>   >   order will execute and the = price will=20 close below that point.  I am
>  =20 willing
>   >   to live with these risks = if the=20 company is top notch.  I don't see the
>  =20 low
>   >   vol breakout as much of a = risk; at=20 least I would be making money.  If
>  =20 the
>   >   company, chart and GRS are = good then=20 I would hold the low vol BO with a
>   = >  =20 shallow s/l order in place.  I guess then I would be an = "aggressive=20
>   value
>   >  =20 investor".  Additionally, this may be the only way to buy the = flat base=20
>   or
>   >   LLUR; = they seem=20 to often shoot up out of their pattern quickly.
>  =20 >   >
>   >   = >  =20 disclaimer: I'm an amateur with much less experience than most=20 :-)
>   >   >
>  =20 >   >   Norm
>   = >  =20 >
>   >   >   ----- = Original=20 Message -----
>   >   >   = From:=20 "Katherine Malm" <kmalm@earthlink.net>
>&n= bsp; =20 >   >   To: <canslim@lists.xmission.com= >
>  =20 >   >   Sent: Saturday, December 08, 2001 = 11:44=20 PM
>   >   >   Subject: Re:=20 [CANSLIM] Another Question: Beakouts ...
>   = >  =20 >
>   >   >
>  =20 >   >   > Hi Andreas,
>   = >   >   >
>   = >  =20 >   > > And then you wait all day until they = breakout? So=20 Canslim can
>   only
>   = >   be=20 done
>   >   >   > by = people=20 who
>   >   >   > > do = this=20 full time?
>   >   >   > = >=20 Even a Stop buy does not work because you do not know if the=20
>   volume
>   >   is=20 at
>   >   >   > least = 50% higher=20 then
>   >   >   > >=20 average.
>   >   >  =20 >
>   >   >   > Option = 1: If=20 you are trading full time, but don't want to sit at =
>  =20 the
>   >   >   > = computer all=20 day and watch the quote screen, use trading software =
>  =20 >   that
>   >   = >  =20 > allows you to set audible alarms when the stock on your=20 wishlist
>   >   = meets
>  =20 >   >   > certain price and/or volume = criteria. I=20 do this with Schwab's
>   >  =20 Streetsmart
>   >   >   > = Pro. At=20 the beginning of each trading day, I update my alarms =
>  =20 based
>   >   on my
>  =20 >   >   > strategy for the day. If the = alarms go=20 off, I look at the screen.
>   If
>   = >   they
>   >   = >  =20 > don't, I don't have to watch at all.
>   = >  =20 >   >
>   >   = >  =20 > Option 2: Use a service that sends these alarms to your pager=20 or
>   >   digital
>  =20 >   >   > phone. Many brokerages offer = this=20 option. If your employer has no
>   >  =20 problem
>   >   >   > = with you=20 placing trades during your work day, this works well. =
>  =20 Ext
>   >   = rapolating
>  =20 >   >   > volume intraday will give a = feel as to=20 breakout potential.
>   >   = >  =20 >
>   >   >   > Option = 3: If=20 you are working at a job other than trading and do =
>  =20 not
>   >   or
>  =20 >   >   > cannot trade during market = hours, using=20 a buy-stop-limit is the
>   only
>  =20 >   way to
>   >   = >  =20 > make entries at the time of the first breakout=20 attempt.
>   >   Unfortunately,=20 these
>   >   >   > are = not=20 volume dependent, as you noted. If you are convinced that =
>  =20 >   this is a
>   >  =20 >   > stock worth owning, you set up the trade and see = what=20 happens. If
>   you
>   = >  =20 can
>   >   >   > check = volume at=20 lunchtime, that may help you assess whether or
>   = not=20 to
>   >   cancel
>  =20 >   >   > the order if it has not yet = executed.=20 If the buy was executed
>   = during
>  =20 >   the day
>   >   = >  =20 > but on your end-of-day review you see that the appropriate=20
>   minimum
>   >  =20 volume
>   >   >   > was = not met,=20 sell it the next day. Plain and simple. Cost of
>  =20 doing
>   >   = business.
>  =20 >   >   > While a stock breaking out on = below=20 average volume may not
>   >   = necessarily=20 fail,
>   >   >   > the=20 *probability* of failure is higher. That's reason enough to=20
>   exit
>   >  =20 the
>   >   >   >=20 trade.
>   >   >  =20 >
>   >   >   > Option = 4: If=20 the stock broke out but finished the day within 5% =
>  =20 of
>   >   the
>  =20 >   >   > pivot, place a limit order for = the=20 open. If you get it, fine. If
>   = you
>  =20 >   don't,
>   >   = >  =20 > well there's 9,999 other stocks in the = universe.
>  =20 >   >   >
>   = >  =20 >   > Katherine
>   >  =20 >   >
>   >   = >  =20 >
>   >   >  =20 >
>   >   >  =20 >
>   >   >   > ----- = Original=20 Message -----
>   >   >   = > From:=20 "Andreas Himmelreich" <judgejimmy@web.de>
> =  =20 >   >   > To: <canslim@lists.xmission.com= >
>  =20 >   >   > Sent: Saturday, December 08, = 2001 9:55=20 PM
>   >   >   > Subject: = [CANSLIM] Another Question: Beakouts ...
>   = >  =20 >   >
>   >   = >  =20 >
>   >   >   > > = How do=20 you spot breakouts?
>   >   = >   >=20 >
>   >   >   > > = OK, I=20 have a watchlist on stocks that are fundamentally = and
>  =20 >   technically
>   >  =20 >   > interesting.
>   = >  =20 >   > > And then you wait all day until they = breakout? So=20 Canslim can
>   only
>   = >   be=20 done
>   >   >   > by = people=20 who
>   >   >   > > do = this=20 full time?
>   >   >   >=20 >
>   >   >   > > = Even a=20 Stop buy does not work because you do not know if = the
>  =20 >   volumne is at
>   >  =20 >   > least 50% higher then
>  =20 >   >   > > = average.
>  =20 >   >   > >
>  =20 >   >   > > Alternative is to buy on = the=20 second day of the breakout, but
>   = this
>  =20 >   should
>   >   = >  =20 > only be done if
>   >   = >  =20 > > the price is not higher then 10% above the pivot? A lot=20 of
>   >   breakouts = do
>  =20 >   >   > 10% and more on = the
>  =20 >   >   > > breakout = day.
>  =20 >   >   > >
>  =20 >   >   > > So how do you do=20 this?
>   >   >  =20 >
>   >   >  =20 >
>   >   >   >=20 -
>   >   >   > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;  =20 >   >   > -In the email body, write = "subscribe=20 canslim" or
>   >   >   > = -"unsubscribe canslim".  Do not use quotes in your=20 email.
>   >   >  =20 >
>   >   >  =20 >
>   >   >  << Datei:=20 ATT00013.htm >>
>   >
>  =20 >   -
>   >   -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;  =20 >   -In the email body, write "subscribe canslim"=20 or
>   >   -"unsubscribe canslim".  = Do not=20 use quotes in your email.
>   >
>   = >  << Datei: ATT00000.htm >>
> =
>  =20 -
>   -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;  =20 -In the email body, write "subscribe canslim" or
>  =20 -"unsubscribe canslim".  Do not use quotes in your email.
> =
>  << Datei: ATT00019.htm >>

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_001C_01C18146.9ACE7500-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1917 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.