From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2535 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 Thursday, June 27 2002 Volume 02 : Number 2535 In this issue: Re: [CANSLIM] nice article Re: [CANSLIM] Selling question Re: [CANSLIM] nice article Re: [CANSLIM] Selling question RE: [CANSLIM] nice article Re: [CANSLIM] Selling question Re: [CANSLIM] Selling question [CANSLIM] Date: Thu, 27 Jun 2002 16:08:10 -0700 Re: [CANSLIM] nice article Re: [CANSLIM] nice article Re: [CANSLIM] Re: Retstatement of CANSLIM? Re: [CANSLIM] Re: Retstatement of CANSLIM? Re: [CANSLIM] Breakouts Re: [CANSLIM] An Example for my question Re: [CANSLIM] nice article ---------------------------------------------------------------------- Date: Thu, 27 Jun 2002 16:36:17 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] nice article Thanks Tom. Nice (and frightening) article. jans (PS- I never thought I'd think more of a New York attorney than I would of an Ohioan) In a message dated 6/27/2002 7:30:51 AM Eastern Daylight Time, stkguru@bellsouth.net writes: << worth reading, if you care about how politics, and politicians, continue to interfere with cleaning up Wall Street and all the crooked accounting and practices. http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&d ist=yhoo&guid=%7B21ECED80%2DBB29%2D4752%2D99F2%2D5340393A4A24%7D Tom Worley >> - - - -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: Thu, 27 Jun 2002 16:38:42 -0400 From: "J. Lobatto" Subject: Re: [CANSLIM] Selling question Mike, Having also bought NCEN recently, I have the same "problem". As a matter of money management, NCEN dropped to an interday low of 26.4 after you purchased it which meant you were willing to tolerate a >9% loss in hopes of making a profit. If you're now willing to cash out at a 15% profit, I'd say as a general rule, one can't make long term money after slippage, commissions etc with those parameters, because as a general rule, I expect to be right about my trades less than 50% of the time. It's only by holding out for profits greater than 25% ( and hopefully some 100% plus trades) that I can hope to be profitable in the long run. Having said this, it's a nasty market and capital conservation is the name of the game. Not trying to be wishy-washy, but how about selling half your position now and raising your stop on the remaining half? Jon - ----- Original Message ----- From: To: Sent: Thursday, June 27, 2002 3:35 PM Subject: [CANSLIM] Selling question > Okay CANSLIM experts...I bought NCEN on 6/10 at $29.25, and therefore am > sitting on a 15% gain in a little over two weeks. Based on the M , do I > bank this nice little profit and sit tight and wait for another > opportunity, or do I follow WON's rule and NOT sell a stock that has risen > nicely in only a couple of weeks? > > To my eyes, the chart still looks good, IBD rates it an A+, RS is into new > high ground, housing still appears to be a safe haven...... Guess I'm > looking for an objective eye to give me a gut check. > > Thanks > > > 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 > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 27 Jun 2002 13:52:09 -0700 (PDT) From: Bob Raible Subject: Re: [CANSLIM] nice article The link doesn't seem to work for me (perhaps it expired). Can you post the article title so that I can search for it on MarketWatch? TIA. - --- Tom Worley wrote: > worth reading, if you care about how politics, and politicians, > continue to > interfere with cleaning up Wall Street and all the crooked accounting > and > practices. > > http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&d > ist=yhoo&guid=%7B21ECED80%2DBB29%2D4752%2D99F2%2D5340393A4A24%7D > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Bob Raible Sunny San Jose,CA __________________________________________________ Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup http://fifaworldcup.yahoo.com - - - -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: Thu, 27 Jun 2002 15:53:06 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] Selling question Jon, Glad to see that misery has company! I was kinda thinking about selling have of my position and banking the gain, and letting the other have ride. I guess I must have abit of gambler in me, because going against WON, I have slightly extended by loss limit to 10%, rather that tightening to 5-6% as is sometimes recommended in bear markets. Now for the important question: what are YOU planning on doing? With todays close, up 16.9%. 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 "J. Lobatto" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] Selling question ission.com 06/27/2002 03:38 PM Please respond to canslim Mike, Having also bought NCEN recently, I have the same "problem". As a matter of money management, NCEN dropped to an interday low of 26.4 after you purchased it which meant you were willing to tolerate a >9% loss in hopes of making a profit. If you're now willing to cash out at a 15% profit, I'd say as a general rule, one can't make long term money after slippage, commissions etc with those parameters, because as a general rule, I expect to be right about my trades less than 50% of the time. It's only by holding out for profits greater than 25% ( and hopefully some 100% plus trades) that I can hope to be profitable in the long run. Having said this, it's a nasty market and capital conservation is the name of the game. Not trying to be wishy-washy, but how about selling half your position now and raising your stop on the remaining half? Jon - ----- Original Message ----- From: To: Sent: Thursday, June 27, 2002 3:35 PM Subject: [CANSLIM] Selling question > Okay CANSLIM experts...I bought NCEN on 6/10 at $29.25, and therefore am > sitting on a 15% gain in a little over two weeks. Based on the M , do I > bank this nice little profit and sit tight and wait for another > opportunity, or do I follow WON's rule and NOT sell a stock that has risen > nicely in only a couple of weeks? > > To my eyes, the chart still looks good, IBD rates it an A+, RS is into new > high ground, housing still appears to be a safe haven...... Guess I'm > looking for an objective eye to give me a gut check. > > Thanks > > > 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 > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 27 Jun 2002 16:02:22 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] nice article The link is broken due to a line feed in the middle. Copy and past each line into your browser to make the complete link. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bob Raible Sent: Thursday, June 27, 2002 10:52 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] nice article The link doesn't seem to work for me (perhaps it expired). Can you post the article title so that I can search for it on MarketWatch? TIA. - --- Tom Worley wrote: > worth reading, if you care about how politics, and politicians, > continue to > interfere with cleaning up Wall Street and all the crooked accounting > and > practices. > > http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&d > ist=yhoo&guid=%7B21ECED80%2DBB29%2D4752%2D99F2%2D5340393A4A24%7D > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Bob Raible Sunny San Jose,CA __________________________________________________ Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup http://fifaworldcup.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 27 Jun 2002 17:13:15 -0400 From: "J. Lobatto" Subject: Re: [CANSLIM] Selling question I will sell half my position tomorrow if it rises... BTW, please allow me to sell my position first before you place a trade!! Jon - ----- Original Message ----- From: To: Sent: Thursday, June 27, 2002 4:53 PM Subject: Re: [CANSLIM] Selling question > > Jon, > > Glad to see that misery has company! I was kinda thinking about selling > have of my position and banking the gain, and letting the other have ride. > I guess I must have abit of gambler in me, because going against WON, I > have slightly extended by loss limit to 10%, rather that tightening to 5-6% > as is sometimes recommended in bear markets. > > Now for the important question: what are YOU planning on doing? With > todays close, up 16.9%. > > 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 > > > > "J. Lobatto" > To: canslim@lists.xmission.com > Sent by: cc: > owner-canslim@lists.xm Subject: Re: [CANSLIM] Selling question > ission.com > > > 06/27/2002 03:38 PM > Please respond to > canslim > > > > > > > Mike, > > Having also bought NCEN recently, I have the same "problem". As a matter of > money management, NCEN dropped to an interday low of 26.4 after you > purchased it which meant you were willing to tolerate a >9% loss in hopes > of > making a profit. If you're now willing to cash out at a 15% profit, I'd say > as a general rule, one can't make long term money after slippage, > commissions etc with those parameters, because as a general rule, I expect > to be right about my trades less than 50% of the time. It's only by holding > out for profits greater than 25% ( and hopefully some 100% plus trades) > that > I can hope to be profitable in the long run. Having said this, it's a nasty > market and capital conservation is the name of the game. Not trying to be > wishy-washy, but how about selling half your position now and raising your > stop on the remaining half? > > Jon > ----- Original Message ----- > From: > To: > Sent: Thursday, June 27, 2002 3:35 PM > Subject: [CANSLIM] Selling question > > > > Okay CANSLIM experts...I bought NCEN on 6/10 at $29.25, and therefore am > > sitting on a 15% gain in a little over two weeks. Based on the M , do I > > bank this nice little profit and sit tight and wait for another > > opportunity, or do I follow WON's rule and NOT sell a stock that has > risen > > nicely in only a couple of weeks? > > > > To my eyes, the chart still looks good, IBD rates it an A+, RS is into > new > > high ground, housing still appears to be a safe haven...... Guess I'm > > looking for an objective eye to give me a gut check. > > > > Thanks > > > > > > 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 > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 27 Jun 2002 16:18:59 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] Selling question Jon, Trust me, the handful of shares I would be selling will NOT shift the market! :) Are you going to sell at open, or if not, what do you mean by "if it rises"? Go NCEN!! 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 "J. Lobatto" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] Selling question ission.com 06/27/2002 04:13 PM Please respond to canslim I will sell half my position tomorrow if it rises... BTW, please allow me to sell my position first before you place a trade!! Jon - ----- Original Message ----- From: To: Sent: Thursday, June 27, 2002 4:53 PM Subject: Re: [CANSLIM] Selling question > > Jon, > > Glad to see that misery has company! I was kinda thinking about selling > have of my position and banking the gain, and letting the other have ride. > I guess I must have abit of gambler in me, because going against WON, I > have slightly extended by loss limit to 10%, rather that tightening to 5-6% > as is sometimes recommended in bear markets. > > Now for the important question: what are YOU planning on doing? With > todays close, up 16.9%. > > 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 > > > > "J. Lobatto" > To: canslim@lists.xmission.com > Sent by: cc: > owner-canslim@lists.xm Subject: Re: [CANSLIM] Selling question > ission.com > > > 06/27/2002 03:38 PM > Please respond to > canslim > > > > > > > Mike, > > Having also bought NCEN recently, I have the same "problem". As a matter of > money management, NCEN dropped to an interday low of 26.4 after you > purchased it which meant you were willing to tolerate a >9% loss in hopes > of > making a profit. If you're now willing to cash out at a 15% profit, I'd say > as a general rule, one can't make long term money after slippage, > commissions etc with those parameters, because as a general rule, I expect > to be right about my trades less than 50% of the time. It's only by holding > out for profits greater than 25% ( and hopefully some 100% plus trades) > that > I can hope to be profitable in the long run. Having said this, it's a nasty > market and capital conservation is the name of the game. Not trying to be > wishy-washy, but how about selling half your position now and raising your > stop on the remaining half? > > Jon > ----- Original Message ----- > From: > To: > Sent: Thursday, June 27, 2002 3:35 PM > Subject: [CANSLIM] Selling question > > > > Okay CANSLIM experts...I bought NCEN on 6/10 at $29.25, and therefore am > > sitting on a 15% gain in a little over two weeks. Based on the M , do I > > bank this nice little profit and sit tight and wait for another > > opportunity, or do I follow WON's rule and NOT sell a stock that has > risen > > nicely in only a couple of weeks? > > > > To my eyes, the chart still looks good, IBD rates it an A+, RS is into > new > > high ground, housing still appears to be a safe haven...... Guess I'm > > looking for an objective eye to give me a gut check. > > > > Thanks > > > > > > 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 > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 27 Jun 2002 17:06:29 -0600 From: "zillagirl" Subject: [CANSLIM] Date: Thu, 27 Jun 2002 16:08:10 -0700 This is a multi-part message in MIME format. - ------=_NextPart_000_000B_01C21DF4.D5409380 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable clintons econmy vs current situation - ------=_NextPart_000_000B_01C21DF4.D5409380 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
clintons econmy vs current = situation
 
- ------=_NextPart_000_000B_01C21DF4.D5409380-- - - - -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: Thu, 27 Jun 2002 19:34:42 -0400 From: "Winston Little" Subject: Re: [CANSLIM] nice article Is the article "Eliot Ness goes to Washington" written by David Callaway on 27 June 2002 updated 12:02am? I too had trouble linking through the reference, and I am still wondering if I linked with the correct article. - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Thursday, June 27, 2002 10:02 PM Subject: RE: [CANSLIM] nice article > The link is broken due to a line feed in the middle. Copy and past each line > into your browser to make the complete link. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bob Raible > Sent: Thursday, June 27, 2002 10:52 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] nice article > > > The link doesn't seem to work for me (perhaps it expired). Can you post > the article title so that I can search for it on MarketWatch? TIA. > > --- Tom Worley wrote: > > worth reading, if you care about how politics, and politicians, > > continue to > > interfere with cleaning up Wall Street and all the crooked accounting > > and > > practices. > > > > > http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&d > > ist=yhoo&guid=%7B21ECED80%2DBB29%2D4752%2D99F2%2D5340393A4A24%7D > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > ===== > Bob Raible > Sunny San Jose,CA > > __________________________________________________ > Do You Yahoo!? > Yahoo! - Official partner of 2002 FIFA World Cup > http://fifaworldcup.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -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: Thu, 27 Jun 2002 18:32:11 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] nice article Try this - http://makeashorterlink.com/?N4BE12621 For longer links I suggest this site - http://www.makeashorterlink.com/index.php On 27 Jun 2002 at 19:34, Winston Little wrote: > Is the article "Eliot Ness goes to Washington" written by David Callaway on > 27 June 2002 updated 12:02am? > I too had trouble linking through the reference, and I am still wondering if > I linked with the correct article. > - - - -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: Thu, 27 Jun 2002 20:56:05 -0400 From: "Winston Little" Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? Jans: Whether a person owns 60 million shares, as Ross Perot did in 1987 in GM, or just one share as Mrs. Davis did in many of the annual meetings that she attended, one should either take an active, ethical, inquisitive approach or QUIT. The person's depth of involvement must not be a function of the quantity of shares owned. Mrs. Davis traveled from meeting to meeting starting with IBM in 1959, and many embarrassed CEOs came out on the wrong end of discussions which were detailed in the publication Highlights and Lowlights. My complaint is that several members of BOD of many companies use the position for largess, and allow or promote corruption or passively sit in the corner. Too often, the BOD members cower in meetings or act as sycophants to the CEO. Very few fall into the group that are active, inquisitive, pursue constructive criticism, or may even cause an errant CEO to wet his pants. - ----- Original Message ----- From: To: Sent: Thursday, June 27, 2002 3:53 PM Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > Winston: > > I believe Ross Perot was a substantial holder of GM stock at the time. > My point is: Would he have been as determined at the Board Meetings if he > hadn't had a stake in the company? I'm not saying that he would have > short-shrifted the stockholders by doing something dishonorable. But I do > believe, if he hadn't had a large stake in the company, he would have quit > the Board. He certainly didn't need the money or the burden of more > responsibilities (nor, I believe, was he desirous of corporate-aggravation). > > jans > > > In a message dated 6/27/2002 9:16:39 AM Eastern Daylight Time, > wlittle1@peoplepc.com writes: > > << When Ross Perot was a director of GM, he refused to participate in the > "excess and other skuldugery" of the GM HQ12th floor. > He even REFUSED the free cars and eating in the executive dining room. He > wrote a series "How I would Reform GM" and the incumbents were so dismayed > that they asked him to leave the company. Their view was that he wanted to > deprive them of their birthright! > > My point is that even with the infrequent meetings and shows, if one is > alert, one can usually smell the stink in the place. > In a later note Tom mentions Jimmy Carter(JEC). Itoo view him (JEC) as an > honorable man, but he is too trusting of people. I wonder if he would detect > the smell in many of the crooked houses around. >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -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: Thu, 27 Jun 2002 20:09:07 -0500 (CDT) From: "Robert Gammon" Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? Clinton will NEVER stand anywhere near Carter on the morality/ethics scale. Clinton fans are DREAMING. Robert On Thu, 27 Jun 2002 08:56:18 -0500, Gene Ricci wrote: >Jimmy Carter.... are you joshing??? Before you know it, Clinton will start looking good... > > >----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Wednesday, June 26, 2002 10:06 PM > Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > > > I look at a guy like Jimmy Carter, who was not a very effective Prez, but is > to me a man of character. I have little doubt that there is no offer that > could be made to him that would work if he was on a Board, and detected > anything that smelled questionable to him. Don't know how many others there > are that both have strong moral ethics, rich enough that they don't need > stock options, and also have some understanding of business. > > ----- Original Message ----- > From: > To: > Sent: Wednesday, June 26, 2002 10:50 PM > Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > > > Tom: > > I'm not entirely sure what you mean by an independent director. If > this > means a director who has no stake in the company's success or failure, I > don't know that this is an idea that should be adopted. > > It seems to me that a company whose directors own a certain percentage > of the stock, would be more likely to have directors that care about that > company's future. An independent director (ie. someone who has no stake in > the company's future), I see as nothing but a mouthpiece for whatever > political agenda that particular director is driven by. > > jans > > > In a message dated 6/26/2002 10:16:30 PM Eastern Daylight Time, > stkguru@bellsouth.net writes: > > << I would like to see the SEC mandate that the Board of Directors consist > of > 51% independent directors in all cases. And for corps over certain market > value, say $1 billion, require that independent Directors be over 67% and > of > those Directors include at least a minority of successful, but retired, > businessmen or businesswomen (I nominate Katherine) that will be willing to > speak out publicly if necessary when they are concerned about what they > see. > >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -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: Thu, 27 Jun 2002 23:02:23 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Breakouts Hi Michael, I will try to give you at least a partial answer. First, when I buy a partial position initially, then add to it one or two times, I always try to deal in average price per share rather than price of each piece. Second, once I am up 15%, I normally mentally shift from protecting against a large loss of capital into protecting profits, and try thereafter to maintain approx a 15% trailing stop (hence your example of an initial 30% gain, with such a stop I would be out with about a 15% gain if it falls back). Third, I generally apply a 10% limit over the pivot rather than a 5% limit. In today's highly volatile market (where "M" is telling you not to play anyway), a 5% upper limit from the pivot may make more sense due the numerous failed b/o. In practice, I am not as disciplined as this all sounds, since I only buy small and micro cap stocks, I am investing for one or two years out, or more, many / most of my stocks are thinly traded, and most are low priced. As a result, I usually give them much more freedom to roam around. I also have more risk (understand pain) tolerance than the normal, and a heavy workload also means I am currently not paying anywhere as near the attention as I should. I am also fatally bullish, and almost always fully invested in virtually any "M", so that's about half a dozen major CANSLIM rule violations right there. - ----- Original Message ----- From: To: Sent: Thursday, June 27, 2002 9:59 AM Subject: [CANSLIM] Breakouts All, I have just finished reading the 24 Essential Rules, and am starting on the 3rd edition of How to make money... and I have a couple of question regarding breakouts and adding shares to a position. 1. WON talks about only purchasing 1/2 of your position at the breakout, and then if the stock moves up 2-3% you can add a bit more, etc. But the part that confuses me is : what is the stock breaks out, and rises 6% on the breakout. Then by the overextended rule, you would not want to buy more, since it is more than 5% over the pivot price. Would you end up waiting for the stock to go thru a pullback, and then buy more? It seems to me, that one of the trickiest parts to using this system is being able to determine if a stock is pulling back in a normal fashion, or if it is headed down. 2. If you buy at the first breakout, and the stock rises, lets say 15%, and then starts to go into a new cwh , that might consolidate 20-30%, would you end up watching the charts and sell out and lock in profits, then buy back in at the next breakout? what about the case where the stock is up 30% from the first breakout. Do you end up riding it down to 0% gain, (not selling because it is not a 7-8% loss) and hang on for the long term? TIA 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 27 Jun 2002 23:07:38 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] An Example for my question Erik, I would disagree with you on one very fundamental point: you really do want your cost basis increasing from the purchase price, if you are adding to the position. That means the stock is continuing higher. I have had any number of good performing stocks get away from me, JCOM being just the latest example (up another 15% today alone), where I hesitated to buy more because it was higher than my first purchase price. One reason I try to look at everything from a total position / average price per share basis. - ----- Original Message ----- From: "Erik_Harris3745" To: Sent: Thursday, June 27, 2002 2:01 PM Subject: RE: [CANSLIM] An Example for my question Hi Mike, My interpretation from the book is that you would add anywhere from 2%-5% from the pivot point (on 2x volume, etc). In this market however, I personally would not attempt it. With the volitility from one day to the next, I do not want my cost basis increasing from the purchase price. Just my opinion. "2. If you buy at the first breakout, and the stock rises, lets say 15%, and then starts to go into a new cwh , that might consolidate 20-30%, would you end up watching the charts and sell out and lock in profits, then buy back in at the next breakout? what about the case where the stock is up 30% from the first breakout. Do you end up riding it down to 0% gain, (not selling because it is not a 7-8% loss) and hang on for the long term?" Selling and buying back depends on your trading style and the market. Again, in this volitile market, locking profits and taking a 15% - 20% gain might not be a bad idea. It also depends on how quickly the stock rises. From memory I recall HTMMIS suggesting that you hold a stock that rises quickly within a few weeks. However, I would never let a 20-30% gain turn into a loss. My interpertation of HTMMIS is that after a resonable gain, you set a sell point above your buy price. My opinion is that HTMMIS provides very good rules. How we interpret and implement them depends on many factors including personal style, market, etc. Erik - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Thursday, June 27, 2002 11:18 AM To: canslim@lists.xmission.com Subject: [CANSLIM] An example for my question All, Based on my previous question, I will include COCO, which I recently purchased at $31.47, which was slightly above 5% over the pivot of $29.54. The stock is moving up in the past few days, slowly, suck that I am up about 0.5%. So the question becomes: when would I add more to my position if the stock still looks like a good performer? Thanks 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 27 Jun 2002 23:17:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] nice article This is a multi-part message in MIME format. - ------=_NextPart_000_00B8_01C21E30.C4AA16E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit still works tonight for me, Bob, but I had to copy the second line of the link in to get it. Here is the start of the article: Eliot Ness goes to Washington Commentary: But Wall Street remains untouchable By David Callaway, CBS.MarketWatch.com Last Update: 12:02 AM ET June 27, 2002 WASHINGTON (CBS.MW) - As the last remnants of investor confidence in the integrity of the global financial markets burned to the ground early Wednesday, the curious sounds of a fiddle could be heard wafting over the nation's capital. - ----- Original Message ----- From: "Bob Raible" To: Sent: Thursday, June 27, 2002 4:52 PM Subject: Re: [CANSLIM] nice article The link doesn't seem to work for me (perhaps it expired). Can you post the article title so that I can search for it on MarketWatch? TIA. - --- Tom Worley wrote: > worth reading, if you care about how politics, and politicians, > continue to > interfere with cleaning up Wall Street and all the crooked accounting > and > practices. > > http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&d > ist=yhoo&guid=%7B21ECED80%2DBB29%2D4752%2D99F2%2D5340393A4A24%7D > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Bob Raible Sunny San Jose,CA __________________________________________________ Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup http://fifaworldcup.yahoo.com - - - -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_00B8_01C21E30.C4AA16E0 Content-Type: image/gif; name="callaway_67x67.gif" Content-Transfer-Encoding: base64 Content-Location: http://i.mktw.net/newsimages/news/dreds/columnist/callaway_67x67.gif R0lGODlhQwBDAMQfAKJpVcKHcO7JyW1eXee3qPj3+6aamxcJBuOumqm309ilks20rMyVfrvM7EEl GejAu+exyGpENvrT48zY787N0EJSiIh4eNCTqbN5YohWReLn8d2eilBBQh4qSa/D6f///yH5BAEA AB8ALAAAAABDAEMAAAX/4CeOo9Z4aKqiiXUcDudEQ8RF+DBw8uvsNINlF+NYKIUCabksTFZQ1uIF c8AijlgsU8NaixyAZTjkDMYLjZK5NEWhiYR35svOvjSiPRaxGHYcBxx/EWlrbB8ab3ByV3d7dnWP OnZ9FoGCYz9IiE6LcBk+XjdWMFRUYDQ8OzqtrVkWakyenysJpT5VklmofDxmNTJnQ5QxnCS0tSlx X7p7N15VdhmhMcSZfwN/MQayIsnKLBi9X1lz5VrOZkIyfToGBhwdA8cfT+HLC7i8/DLlEdSolZqB A5gdI352WFhwCJ8KChj2SZqDIwKAAAEwANioMQMOajYCDRrDKtYah1Ii/w2sBDADAGoAMGAMwAAB gg0YMDBgAKDIAW1jypgUgdJDAgPOpM3IkDOjzJ0MaG5AQMDmgwcQGOQxQ2yMGW9Fj5pSesDiU6hT q26YSpWAgLcSBGDIcMnrMB3HHDaYoEHfqUoXpdqkSrgtgQdvBUhYrJUGGR0kE8gKx1dJAQ0RcjnI GZPBWgU2CVQ1fBhxYsUPLNjoSmZIgiS1JhwSocEFrwganyrYHVq0b99XTysmoPoM5FZmkCxqoIFN 34FMm3rmTbqq6KumT0tQ4Jj1pQFp3nhrMoEBqpjSN+wGPVh0aOzCURcPGvTdPRUNZiNrQCGzD/Rn fTbYgMBlF5wED2DQiv8f9J1BwQqyddJAC7zAkJN0O6k3YHulIQafYnLRBRkxkCWgQnMSGnXUQABi lGFao4EG3FsfKqaAiJYAcoaJKKDIRgEnGLUAFv9dOFOGAyqQ1ofBJYYgAJaU8Ys2PSLyAS0JLJBB hQ5k4NRMgsUoY3YEKFCakwhw4dUvPBjggY/OqRAAQOVchOF0Zo6GgIwbRCVTnqYxdsYfbGoD5yxB GiXEllXYKRNNoPGmp5IMzHVRgQsghiADfhDKigFW0mZLf3UAUOlGMF2EpG99OsUWVVcd9tYCCsDz XQwLhAqkLQkMgApnAGq00UUbuCUAAafOxVSlAfhG4wIkysBBAqEqAof/f2VlxFSxNm0ApUXFvkVA ABshMIQBC2RUk6wCpBYSLNRaed8yFODiJTXAntFTl+EKgABPgTHgVlzXBcoAD5lNG++PiarQCAwX BeRSUPsC0C8BG2REbIfZwfVADRkMYqKVBbyRAKMHmDqXRS7y9FFNND5w01ruLamdAAbItEGQVloL BzwvZJAxR2cJS2zHD/imZLFNtgsXARhsYG3Pi8QRSAZRQdUysFF33K5N7LFL41sFQI2ABk9QXTVS Ecy0W1QYcb2B13q25bVpCkAgAQUmyFtLrw445VmGleam02EQQJA02IM1HfOxAiyQxqEk+Fy1WU+p p4CfGwUwFQQCJP5A/59snXnagRIYgEQDan9yspc6T7W5sFFbpdhiCGSOAHYGavpAN4q0XrWW6d1k aU7rfi0jAuoy7Thce+9KcjgJ5OY5aDi55JGp3CpppszNw9pxXGncQ3LDJltKE9inegSQTt//hqzO u2snwQA/uOlBqPOabIBLOlnLTTQ2LEgZZnH/isncxraYQDiAR9VSxlFgIpVWGYkBm8NgcK6yJwW8 ZIFOi0sg4oACXaEvCq+LyUwM95R/1SRpotkcTcgFQrgIYAw82l8E/zYn9LzEJSq83lqGmDHPTWV9 HkrM70hYpfP9zQDg8mBFYMKZR9HkAhc4TFV2AquYPWABOWwiIiyHQv85AAAB/lLWR4alQNGJa4sv 5N1VwAgFyo0AHCj0iMDSiKrY0ax3MusTVTIFnwsYIIxiRJTroHRGfxHQj0uCz+LYIzn4KMACEEDk m/RzxxMuA4pYK1NuOLKTpnxPkowjQKYyJYEFYMCQmowQwy6HG/VYT11wi2OTFicayREycljswCGh kJ8UoRADAKGJ9XbDljGZ7msI8GUlt3MBCchDkyiQJXlMhgOu6WQnYeuQEr8YTWk+gJoSyIz+osCc MZ4wAQHoUkeCiEE91Yic5azkWy4AgQJYoAMViI0dL9O/k7UEiC6S0XXaNccF7EmamWpXNf0JUMqM BxloO8GKDsqUhFb/54uSW485Q9fP+1UUH3u56B2ToAGPSAyAkFpPVAyAQZFKrkN6KwAEHHBSlKQ0 CbPoz0E/AkSjqRAqBthNJR/ATwlQtAIBLQp+9jIBvkyAAkN6qfsk1jmagFOpq8SiU60J0KhKlVdH CYRFtEq0OzGApko9TACaWoAL8BSqZ11GHP5wCqawNViPggoGYYVFvTl1HFCtgCf/tldsnSImWgVi TNDTsnrSqqljjUBZOVAyh8SBQqcILar+eiEjedUmDOAnXHR61wpwIBESbGxoZ7uZl3CUilVs2W7m mjjD1rW1r4VtGT2wAF/N9ri13SpXOUJZDPKEn6C73f0OkNjgXqlhVnEo7nG36wOjuXS0bZUKTwKA leg6FQIH2Kx1r/vZeHD3vSkr4HdL2xTPkQsDiVuAeSUwDg5AlQffuExf8Aff9zpgWI/6YWDARK6Y QCBvipOuSFzr2hAAADs= - ------=_NextPart_000_00B8_01C21E30.C4AA16E0 Content-Type: image/gif; name="email.gif" Content-Transfer-Encoding: base64 Content-Location: http://www.marketwatch.com/news/images/email.gif R0lGODlhdAAUAKIAAM7Q8szMzAEBi5un1wUFm////wAAAAAAACH5BAAAAAAALAAAAAB0ABQAAAPd WLrc/jDKSau9OOvNu/9gKC4CYZ7mqK4f8bhsLFdnSQgFPC/6uzc9mu91aimCOR6wo0MmLYMUymUa OJweZHOEVVqK19QygsqJzbA0sFh+osPqqZvNO18B1DIBH2jYnFtHS2pjc09dSmI4gm6HXnd4QAB8 hUdigYd0jYyGTYCaho1pbZB4KJOUDIiYVImcj1tBsq6chIyIR6h4u6gEfapghYF6r3Wdlp9SwHPK yFh7k3vSvb8/1ivQ0L3R1c5T3+Dh4uPk5eaka+Td1+wgAe/w8fDt9PX29/j5+vv8EwkAOw== - ------=_NextPart_000_00B8_01C21E30.C4AA16E0 Content-Type: image/gif; name="printer.gif" Content-Transfer-Encoding: base64 Content-Location: http://www.marketwatch.com/news/images/printer.gif R0lGODlhkQAUAKIAAP///87Q8qq/2Zun1w8PnwUFmwEBiwAAqyH5BAAAAAAALAAAAACRABQAAAP/ CLrc/jDKSau9OOvNu/+dUYzkCJ5oqjrF065wLFclCbxzrss40++s36YlBGqIpZvL1igqM0WnhMhT RV0LafOIoho7ptqNqcBRvcnk+OXN2s5uNjldrvvs67q8zVRTCgGAAYOEBQMDPWZjdooGWY8mDo5l bHh8T0qVmIyWi5uamY8TgIelpYYDB4l9oopmdJSgimthkLZPP5piq5x6ohGAI6qqBaqHBwI9k7+y mLkQs7hbvtSeTdF4t66/0IGE3wepiAF35dKMe23TznGXtJ8PIj5vcZaR2C7e34MFBOPkX3RoCZhF 3z5Dgq7VWMiwocOHECNKnEgxErCHBwYR3MjxEsG+jx1DihxJsqTJkyhTqjyRAAA7 - ------=_NextPart_000_00B8_01C21E30.C4AA16E0 Content-Type: image/gif; name="alert-new.gif" Content-Transfer-Encoding: base64 Content-Location: http://www.marketwatch.com/news/images/alert-new.gif R0lGODlhkQAUALMAAAEBi87Q8szMzJun1/j3+/n29gkJlQUFm/8AAP///wAAAAAAAAAAAAAAAAAA AAAAACH5BAAAAAAALAAAAACRABQAAAT/MMlJq7046827/2AojmRpnmiqrmxbARIcz25t3xYQJPKk 87igcPXrxXbGoXLZOSAlg8Ng5wRaDljRAbSddL3Yblg8zn4nCIQkPWKPihJDoQqvfM/Nz/Zu70vO gBZubiGEWk8DAAMEdRR4CXt/WZJ7YZQYkX9+XpydmhVpaoShagmDa6Klb08UjZ5gn5B9PXybYnaW kLmvj6GmpYOpv8KGWjNbMkmxnmWUmbq7YLl41Muyr6jDqKS/2mzFJlIcfLXM1+cXtdWOvBvfwYLv qithAuOTgNP6zpuazWPLyqHL1q1gsFTA5oWDZI+Jw3gEh6kalTCFmUeOymjcyLGjx48gJaM9vAcA S8ORKFNmPCBApMqXTEzaMwmzpkMBJ3Ha3Mmzp88PEQAAOw== - ------=_NextPart_000_00B8_01C21E30.C4AA16E0-- - - - -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 #2535 ****************************** 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.