From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3544 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 Wednesday, August 20 2003 Volume 02 : Number 3544 In this issue: Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? Re: [CANSLIM] breakoutwatch RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? Re: [CANSLIM] breakoutwatch RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? ---------------------------------------------------------------------- Date: Wed, 20 Aug 2003 14:24:37 -0400 (EDT) From: Yien T Lung Subject: Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? Another thing I forgot to add. LF rating according to IBD EPS Rate: 60 RS: 73 Industry Strength: C+ SMR: B Acc/Distr: C+ Even given these fundamentals, do you guys think it is justiable to go long on this stock just because it is breaking a pivot point? Thanks Yien On Wed, 20 Aug 2003, Yien T Lung wrote: > Kelly, > > from the look of it, it seems that FL is trading just around the pivot - > which is the upper level of the right side of the cup (around 34.9). I > would probably get in the trade today. > > Yien > > On Wed, 20 Aug 2003, Kelly Short wrote: > > > 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 > > > > > - > -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: Wed, 20 Aug 2003 15:06:07 -0400 From: "Pete" Subject: Re: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? 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" To: 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 - - - -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: Wed, 20 Aug 2003 14:48:33 -0500 From: "bflauaus" Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? 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" 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) - - - -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: Wed, 20 Aug 2003 15:50:16 -0400 From: "Pritish Shah" Subject: Re: [CANSLIM] breakoutwatch Yien, I do not think it makes a difference on what your turnover is. The thing you have to make sure of is that you have more profitable trades and less unprofitable trades. Once your target is met, you can choose to stay in the stock or get out of it. I tend to believe that with $10 price for a trade, it is better to get in quick and get out quick if things don't go your way. CANSLIM is a short term (3-6 month) trading system. Imagine this. If you turnover your money once every six months for 20% gain, then your gain for the year is 44% (1.2*1.2 - 1 = 1.44 - 1 = .44 or 44%). The target return is 20%. If you get some that are 20%, some that are 40% and some that are -7%, then you will probably come to around 20% return. I have been trading for a long time but have focused on CANSLIM extremely seriously for the last 4 months and I found that getting your money to work for you as soon as possible in the right stocks is the best thing to do. I have been tweaking and tweaking my sell and hold rules and when I read Thomas Bulkowski's chart pattern book, it made me realize where I was making a mistake (holding even when the target was met). Ofcourse, it was that book that opened my eyes to how to set the target to begin with. My target: 35% for the year. Pritish >>> ylung@engin.umich.edu 8/20/2003 2:04:51 PM >>> Pritish, Long term investors often talk about the drawbacks of trading too much - - namely commission costs, higher taxes for shorter term trading, and the compounding effect of money. What is your take on these factors? Do you think that having a high turnover in your portfolio by any way affect your performance? How long have you beeing trading? Thanks Yien On Wed, 20 Aug 2003, Pritish Shah wrote: > My opinion of this site is great. I do not look at the CE/CQ. I buy a > breakout if there is positive news preceeding the breakout. That seems > to have worked the best for me. > > My latest examples are AUO (+21% - sold), ESI(+30%), NTST(+4%), > ESPD(+5%), TUES (+16%), CCMP (+4%), WFSI(+43%). All these I bought based > on breakoutwatch.com email alerts. > > I think what matters more than CE/CQ is the chart action based upon the > news. The chart tells you whether people like the news or hate the news. > I have the trust that breakoutwatch has already scanned and only put the > stocks with best CE/CQ in the list to begin with. With that in mind, I > do not look at CE/CQ. > > Plus, if I buy some stock and nothing happens in it for a week, I sell > it off -- does not matter if the loss is 1% or 5%. My recent sells are > basically happening fast around 6-7% no matter what. > > I am in the process of compiling an excel spreadsheet to identify what > works. I will have it done in the next few days and I will share it with > the group if breakoutwatch.com allows. > > > Pritish > > > >>> JHend746@cox.net 8/20/2003 11:54:36 AM >>> > For those of you that use breakout watch, I have a few questions: > 1) Do you buy as soon as you get an alert or do you filter for > chart quality and the CE value to determine what do buy? > 2) What is your opinion overall for the site? > > - > -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: Wed, 20 Aug 2003 15:03:56 -0500 From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? 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 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" 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) - - - -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: Wed, 20 Aug 2003 15:09:13 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] breakoutwatch Pritish, So if I understand you correctly, you prefer to ride out the 20-40% gains from breakouts, then move the money elsewhere, rather than watching price/volume actions for sell point. As a result, you may miss out on stocks that go up further, correct some amount, then continue, but you temper that with using the money that would have been "idle" during the corrections to get into other new breakouts in hopes of gaining another 20% during the same time period that you would have been "losing" ground. I am very tempted to try that approach, although it does seem to be more risky , and I guess that is why you are strengthening your sell rules to protect capital when a breakout goes nowhere or starts to fail. 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 "Pritish Shah" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] breakoutwatch ission.com 08/20/2003 02:50 PM Please respond to canslim Yien, I do not think it makes a difference on what your turnover is. The thing you have to make sure of is that you have more profitable trades and less unprofitable trades. Once your target is met, you can choose to stay in the stock or get out of it. I tend to believe that with $10 price for a trade, it is better to get in quick and get out quick if things don't go your way. CANSLIM is a short term (3-6 month) trading system. Imagine this. If you turnover your money once every six months for 20% gain, then your gain for the year is 44% (1.2*1.2 - 1 = 1.44 - 1 = .44 or 44%). The target return is 20%. If you get some that are 20%, some that are 40% and some that are -7%, then you will probably come to around 20% return. I have been trading for a long time but have focused on CANSLIM extremely seriously for the last 4 months and I found that getting your money to work for you as soon as possible in the right stocks is the best thing to do. I have been tweaking and tweaking my sell and hold rules and when I read Thomas Bulkowski's chart pattern book, it made me realize where I was making a mistake (holding even when the target was met). Ofcourse, it was that book that opened my eyes to how to set the target to begin with. My target: 35% for the year. Pritish >>> ylung@engin.umich.edu 8/20/2003 2:04:51 PM >>> Pritish, Long term investors often talk about the drawbacks of trading too much - - namely commission costs, higher taxes for shorter term trading, and the compounding effect of money. What is your take on these factors? Do you think that having a high turnover in your portfolio by any way affect your performance? How long have you beeing trading? Thanks Yien On Wed, 20 Aug 2003, Pritish Shah wrote: > My opinion of this site is great. I do not look at the CE/CQ. I buy a > breakout if there is positive news preceeding the breakout. That seems > to have worked the best for me. > > My latest examples are AUO (+21% - sold), ESI(+30%), NTST(+4%), > ESPD(+5%), TUES (+16%), CCMP (+4%), WFSI(+43%). All these I bought based > on breakoutwatch.com email alerts. > > I think what matters more than CE/CQ is the chart action based upon the > news. The chart tells you whether people like the news or hate the news. > I have the trust that breakoutwatch has already scanned and only put the > stocks with best CE/CQ in the list to begin with. With that in mind, I > do not look at CE/CQ. > > Plus, if I buy some stock and nothing happens in it for a week, I sell > it off -- does not matter if the loss is 1% or 5%. My recent sells are > basically happening fast around 6-7% no matter what. > > I am in the process of compiling an excel spreadsheet to identify what > works. I will have it done in the next few days and I will share it with > the group if breakoutwatch.com allows. > > > Pritish > > > >>> JHend746@cox.net 8/20/2003 11:54:36 AM >>> > For those of you that use breakout watch, I have a few questions: > 1) Do you buy as soon as you get an alert or do you filter for > chart quality and the CE value to determine what do buy? > 2) What is your opinion overall for the site? > > - > -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: Wed, 20 Aug 2003 13:01:26 -0700 (PDT) From: Tomas 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: > > 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 > > > 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" > 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) > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > > > === message truncated === __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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: Wed, 20 Aug 2003 15:15:41 -0500 From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? I personally hate watching something like the LF scenario, and having to make the choice to sell off a stock that may be doing okay, that is giving no sell signs, in order to free up capital to make the purchase. Then of course, the new stock reverses, and the one you sold takes off to the sky..... Thanks for letting me hop on the "things that frustrate investors" bandwagon. You Texans sure know how to draw a wagon train! :) 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 Tomas 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 03:01 PM Please respond to canslim 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: > > 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 > > > 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" > 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) > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > > > === message truncated === __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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: Wed, 20 Aug 2003 15:22:27 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? 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. >=20 > Mike >=20 >=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 > =20 > =20 > bflauaus =20 > =20 > =20 > 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 > =20 > =20 > =20 > =20 > =20 > =20 > =20 > 08/20/2003 02:48 PM =20 > =20 > =20 > Please respond to =20 > =20 > =20 > canslim =20 > =20 > =20 > =20 > =20 > =20 > =20 > =20 > =20 >=20 >=20 >=20 >=20 > Mike, >=20 > 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" > 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 >=20 >=20 >=20 >=20 >=20 > 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 > - > -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 >=20 >=20 >=20 >=20 >=20 >=20 >=20 =3D=3D=3D message truncated =3D=3D=3D __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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. ------------------------------ End of canslim-digest V2 #3544 ****************************** 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.