From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2327 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 Friday, April 19 2002 Volume 02 : Number 2327 In this issue: Re: [CANSLIM] DFXI again Re: [CANSLIM] holdings RE: [CANSLIM] DFXI again Re: [CANSLIM] DFXI again Re: [CANSLIM] stock idea Re: [CANSLIM] holdings Re: [CANSLIM] DFXI again RE: [CANSLIM] DFXI again Re: [CANSLIM] successful stories [CANSLIM] DOL Re: [CANSLIM] DFXI again Re: [CANSLIM] Hotmail.com accounts - OT Re: [CANSLIM] DFXI again ---------------------------------------------------------------------- Date: Fri, 19 Apr 2002 10:07:30 -0600 From: Warren Keuffel Subject: Re: [CANSLIM] DFXI again No great words of wisdom here, but a few observations. I pretty much ignore intraday activity *unless* it continues a trend I've observed from the previous day or two. When that happens I put the stock on my mental "death watch" list and if it continues to break down I sell -- I find candlestick charting useful for deciding when to exit. Re: early day activity. We discussed that a year or so ago and came to the conclusion that a lot of that is due to people getting online and placing limit orders before going to work. I pretty much ignore what happens in the first couple of hours. Warren Dave Rubin wrote: >Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and watched the >stock surge higher, now hitting new highs on volume. Kicking myself for >following CANSLIM rules. > >I know WON says this will happen but nevertheless it is discouraging. It's >happened many times to me already. Each time it makes me want to throw >CANSLIM out the window. > >I'm trying to ignore my emotions and do a constructive post-mortem. Did I >buy wrong? I don't think so -- it was a nice cup-handle breakout and I >bought within 5% of the pivot. Did I bail too soon? Maybe. I know you're >supposed to cut losses at 8% period. But in this case on 4/4 it dropped >below 8% only intraday, then it surged to recover above the pivot. > >In reviewing past similar trades, intraday activity has often been the >cause. Many times a stock will shake out intraday only to recover before the >day is done. > >So I wonder, should the 8% sell rule be applied on closing prices only? In >this case, if I waited until the end of trading on 4/4, I'd still be in DFXI >and enjoying the ride. > >Or maybe, should you simply ignore the first hour or two of trading during >the day? It seems to me in many cases, early trading is very volatile and >it's probably best to just sit on the sidelines until after lunch. > >-- >Dave > > > >_________________________________________________________ > >Do You Yahoo!? > >Get your free @yahoo.com address at http://mail.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: Fri, 19 Apr 2002 12:04:46 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] holdings - --part1_39.25d0e040.29f19a1e_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, comments from a different angle, well put and you do make a lot of sense. I sometimes just get a little frustrated that we don't have a watch list, and we don't quickly identify breakouts to each other. Years ago I was part of another CANSLIM group and we really kick butt on wall street, we did have a watch list and we all immediately noted and discussed breakouts. I just have to realize that the dynamics with this group is different and not try to change things. Your input is appreciated, Chris. - --part1_39.25d0e040.29f19a1e_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine, comments from a different angle, well put and you do make a lot of sense. I sometimes just get a little frustrated that we don't have a watch list, and we don't quickly identify breakouts to each other. Years ago I was part of another CANSLIM group and we really kick butt on wall street, we did have a watch list and we all immediately noted and discussed breakouts. I just have to realize that the dynamics with this group is different and not try to change things.

Your input is appreciated,  Chris. - --part1_39.25d0e040.29f19a1e_boundary-- - - - -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: Fri, 19 Apr 2002 12:06:45 -0400 From: "Erik_Harris3745" Subject: RE: [CANSLIM] DFXI again Hi Dave, Sorry about your frustration. I think you made a nice buy (I wish I was in DFXI). I also have been "tricked" out of a stock only for it to close the day higher than my 8% stop. I personally base my stops on closing prices and I (typically) don't make trades before 10-10:30 am. Erik - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Rubin Sent: Friday, April 19, 2002 11:44 AM To: canslim@lists.xmission.com Subject: [CANSLIM] DFXI again Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and watched the stock surge higher, now hitting new highs on volume. Kicking myself for following CANSLIM rules. I know WON says this will happen but nevertheless it is discouraging. It's happened many times to me already. Each time it makes me want to throw CANSLIM out the window. I'm trying to ignore my emotions and do a constructive post-mortem. Did I buy wrong? I don't think so -- it was a nice cup-handle breakout and I bought within 5% of the pivot. Did I bail too soon? Maybe. I know you're supposed to cut losses at 8% period. But in this case on 4/4 it dropped below 8% only intraday, then it surged to recover above the pivot. In reviewing past similar trades, intraday activity has often been the cause. Many times a stock will shake out intraday only to recover before the day is done. So I wonder, should the 8% sell rule be applied on closing prices only? In this case, if I waited until the end of trading on 4/4, I'd still be in DFXI and enjoying the ride. Or maybe, should you simply ignore the first hour or two of trading during the day? It seems to me in many cases, early trading is very volatile and it's probably best to just sit on the sidelines until after lunch. - -- Dave _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.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. _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.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: Fri, 19 Apr 2002 11:07:03 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] DFXI again This is a multi-part message in MIME format. - ------=_NextPart_000_004B_01C1E792.55CCA140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Dave, Boy...you've hit on some hot buttons here and DFXI is a *great* example. On following the rules on your original position: Give yourself an "A" = for the day you did that. For every time you do follow the rules and get = whipsawed, there are probably 95 others where it was the right thing to = do. The problem with Mr. Market is that he occasionally rewards you for = breaking your rules and can lull you into believing that it is okay. As = soon as you start breaking some of the rules, you begin breaking others = and sooner or later the whole discipline is out the window. A rule based = on sound investing principles is there for a reason. On entering DFXI in the first place: There was quite a bit of discussion = about DFXI on the list around that breakout date (and prior). Add too = many eyes and an iffy market with multiple distribution days and you've = increased the likelihood of a failed breakout. Either you take the = plunge knowing that you can get whipsawed, or you stand aside until the = stock shows its mettle. WON says nearly 40% of stocks will pull back to = their pivot before moving on. There you go, second chance entry, which = could be taken after you'd been whipsawed, or after having sat out the = first breakout attempt. On basing decisions on intraday data: I've been mulling this very = dilemma for the last year. I always made my buying/selling decisions = based on end of day data until I retired and started investing full time = last year. I'm fairly convinced, given the intermediate timeframe for = CANSLIM investing, that intraday noise gets in the way of the approach. = After some nasty intraday whipsaws that had me making poor buy/sell = decisions, I've concluded that the end of day number is more important = to entry/exit. Once the day is closed (or nearly closed) you can see, = for example if a stock is finishing in the upper or lower part of the = range, whether the day's action was accumulation/distribution, etc. You = just can't tell that intraday. On setting hard stops: If in doubt, set a stop and live with the result = of that decision. A stop implies that you have defined what decision you = would make if that price were hit. Sometimes, the action reverses and = you "wish" you'd stayed in. Wish is a "dangerous word" in my book. By = the way, I'm not much of a believer in hard stops, but I've recently = updated my investing rules with the following: (1) If the market has experienced 4 distribution days in 2 weeks, set = hard stops on all remaining long positions. (2) When the price/volume action on a winning stock sends out the first = yellow flag, set a hard stop. Gulp...that's a hard thing for me, because it means I'm running the risk = of getting caught in some intraday silliness, so setting technically = sound stops will be the key, but that's an entirely different = discussion! Katherine ----- Original Message -----=20 From: Dave Rubin=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 10:44 AM Subject: [CANSLIM] DFXI again Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and = watched the stock surge higher, now hitting new highs on volume. Kicking myself = for following CANSLIM rules. I know WON says this will happen but nevertheless it is discouraging. = It's happened many times to me already. Each time it makes me want to throw CANSLIM out the window. I'm trying to ignore my emotions and do a constructive post-mortem. = Did I buy wrong? I don't think so -- it was a nice cup-handle breakout and I bought within 5% of the pivot. Did I bail too soon? Maybe. I know = you're supposed to cut losses at 8% period. But in this case on 4/4 it = dropped below 8% only intraday, then it surged to recover above the pivot. In reviewing past similar trades, intraday activity has often been the cause. Many times a stock will shake out intraday only to recover = before the day is done. So I wonder, should the 8% sell rule be applied on closing prices = only? In this case, if I waited until the end of trading on 4/4, I'd still be = in DFXI and enjoying the ride. Or maybe, should you simply ignore the first hour or two of trading = during the day? It seems to me in many cases, early trading is very volatile = and it's probably best to just sit on the sidelines until after lunch. -- Dave _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.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_004B_01C1E792.55CCA140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Dave,
 
Boy...you've hit on some hot buttons here and DFXI is a *great*=20 example.
 
On following the rules on your original position: Give yourself an = "A" for=20 the day you did that. For every time you do follow the rules and get = whipsawed,=20 there are probably 95 others where it was the right thing to do. The = problem=20 with Mr. Market is that he occasionally rewards you for breaking your = rules=20 and can lull you into believing that it is okay. As soon as you = start=20 breaking some of the rules, you begin breaking others and sooner or = later the=20 whole discipline is out the window. A rule based on sound investing = principles=20 is there for a reason.
 
On entering DFXI in the first place: There was quite a bit of = discussion=20 about DFXI on the list around that breakout date (and prior). Add too = many eyes=20 and an iffy market with multiple distribution days and you've increased = the=20 likelihood of a failed breakout. Either you take the plunge knowing that = you can=20 get whipsawed, or you stand aside until the stock shows its mettle. WON = says=20 nearly 40% of stocks will pull back to their pivot before moving on. = There you=20 go, second chance entry, which could be taken after you'd been = whipsawed, or=20 after having sat out the first breakout attempt.
 
On basing decisions on intraday data: I've been mulling this very = dilemma=20 for the last year. I always made my buying/selling decisions based on = end of day=20 data until I retired and started investing full time last year. I'm = fairly=20 convinced, given the intermediate timeframe for CANSLIM investing, that = intraday=20 noise gets in the way of the approach. After some nasty intraday = whipsaws that=20 had me making poor buy/sell decisions, = I've concluded that the=20 end of day number is more important to entry/exit. Once the day is = closed (or=20 nearly closed) you can see, for example if a stock is finishing in the = upper or=20 lower part of the range, whether the day's action was = accumulation/distribution,=20 etc. You just can't tell that intraday.
 
On setting hard stops: If in doubt, set a stop and live with the = result of=20 that decision. A stop implies that you have defined what decision you = would make=20 if that price were hit. Sometimes, the action reverses and you "wish" = you'd=20 stayed in. Wish is a "dangerous word" in my book. By the way, I'm not = much of a=20 believer in hard stops, but I've recently updated my investing rules = with the=20 following:
 
(1) If the market has experienced 4 distribution days in 2 weeks, = set hard=20 stops on all remaining long positions.
(2) When the price/volume action on a winning stock sends = out the=20 first yellow flag, set a hard stop.
 
Gulp...that's a hard thing for me, because it means I'm running the = risk of=20 getting caught in some intraday silliness, so setting technically = sound=20 stops will be the key, but that's an entirely different = discussion!
 
Katherine
 
 
----- Original Message -----
From:=20 Dave Rubin=20
Sent: Friday, April 19, 2002 = 10:44=20 AM
Subject: [CANSLIM] DFXI = again

Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat = back=20 and watched the
stock surge higher, now hitting new highs on = volume.=20 Kicking myself for
following CANSLIM rules.

I know WON says = this=20 will happen but nevertheless it is discouraging. It's
happened many = times=20 to me already. Each time it makes me want to throw
CANSLIM out the=20 window.

I'm trying to ignore my emotions and do a constructive=20 post-mortem. Did I
buy wrong? I don't think so -- it was a nice = cup-handle=20 breakout and I
bought within 5% of the pivot. Did I bail too soon? = Maybe. I=20 know you're
supposed to cut losses at 8% period. But in this case = on 4/4 it=20 dropped
below 8% only intraday, then it surged to recover above the = pivot.

In reviewing past similar trades, intraday activity has = often=20 been the
cause. Many times a stock will shake out intraday only to = recover=20 before the
day is done.

So I wonder, should the 8% sell rule = be=20 applied on closing prices only? In
this case, if I waited until the = end of=20 trading on 4/4, I'd still be in DFXI
and enjoying the = ride.

Or=20 maybe, should you simply ignore the first hour or two of trading = during
the=20 day? It seems to me in many cases, early trading is very volatile = and
it's=20 probably best to just sit on the sidelines until after=20 = lunch.

--
Dave


_____________________________________= ____________________
Do=20 You Yahoo!?
Get your free @yahoo.com address at http://mail.yahoo.com


-
= - -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_004B_01C1E792.55CCA140-- - - - -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: Fri, 19 Apr 2002 10:16:26 -0600 From: Warren Keuffel Subject: Re: [CANSLIM] stock idea It's not taboo, but why don't you (all of us) give reasons for liking the stock when putting it on the table for discussion? Nice chart but too extended from the pivot for me. Have not checked the fundies. Warren Neal Frankle wrote: >I don't know if now its taboo to discuss individual picks.....I suppose this changes and I may have missed the latest decision. > >ITRI > >Whadya think? > >Neal > >- >-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: Fri, 19 Apr 2002 11:13:10 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] holdings This is a multi-part message in MIME format. - ------=_NextPart_000_005A_01C1E793.306C57A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Chris. I think it was also helpful that you gave a clearer = explanation as to why you felt the list was "holding back." You're = right, the dynamic is very different here and since your other list = operated differently, I can see how your expectations were in conflict = with the "normal" list activity here. Katherine ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 11:04 AM Subject: Re: [CANSLIM] holdings Katherine, comments from a different angle, well put and you do make a = lot of sense. I sometimes just get a little frustrated that we don't = have a watch list, and we don't quickly identify breakouts to each = other. Years ago I was part of another CANSLIM group and we really kick = butt on wall street, we did have a watch list and we all immediately = noted and discussed breakouts. I just have to realize that the dynamics = with this group is different and not try to change things. Your input is appreciated, Chris.=20 - ------=_NextPart_000_005A_01C1E793.306C57A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Chris. I think it was also helpful that you gave a clearer=20 explanation as to why you felt the list was "holding back." You're = right, the=20 dynamic is very different here and since your other list operated = differently, I=20 can see how your expectations were in conflict with the "normal" list = activity=20 here.
 
Katherine
----- Original Message -----
From:=20 Vanchee1@aol.com=20
Sent: Friday, April 19, 2002 = 11:04=20 AM
Subject: Re: [CANSLIM] = holdings

Katherine, comments from a different = angle, well put=20 and you do make a lot of sense. I sometimes just get a little = frustrated that=20 we don't have a watch list, and we don't quickly identify breakouts to = each=20 other. Years ago I was part of another CANSLIM group and we really = kick butt=20 on wall street, we did have a watch list and we all immediately noted = and=20 discussed breakouts. I just have to realize that the dynamics with = this group=20 is different and not try to change things.

Your input is=20 appreciated,  Chris. - ------=_NextPart_000_005A_01C1E793.306C57A0-- - - - -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: Fri, 19 Apr 2002 12:16:52 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] DFXI again I did what you suggest, waited for the close that day -- and held on. My reasons: -- Some correction is normal as a quarterly reporting date nears. Lately, savvy buyers stay out early in the day and buy when the price drops to their taste. I call this "intra-day bottom-fishing". The low that day didn't penetrate the 50DMA. And, the volume wasn't high. Not telling anyone else to go this route. You pays your money and takes your choice. Regards, Dave - - - -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: Fri, 19 Apr 2002 12:19:56 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] DFXI again Dave: Quoting from Advanced Seminar Workshop (SEMNOTS.DOC), Page 4: "2. Don't put in limits or stops when trading. If it closes below your sell point, sell the stock at the market on the open of the following day; same procedure for buying." This workshop predates the late 90's chaos, and it's possible the rule has changed. I went through an exercise exactly like yours outlined below, and IF I had followed this rule instead of hunkering down over my computer all day long and selling at exactly the right point, I would have (this year): a) lost maybe a little more on one stock (PECS, on which I got out of with a huge gain); but b) would still be in DFXI, among about 8 others. We're learning. How many times we gonna say that? We're learning. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Dave Rubin Sent: Friday, April 19, 2002 11:44 AM To: canslim@lists.xmission.com Subject: [CANSLIM] DFXI again Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and watched the stock surge higher, now hitting new highs on volume. Kicking myself for following CANSLIM rules. I know WON says this will happen but nevertheless it is discouraging. It's happened many times to me already. Each time it makes me want to throw CANSLIM out the window. I'm trying to ignore my emotions and do a constructive post-mortem. Did I buy wrong? I don't think so -- it was a nice cup-handle breakout and I bought within 5% of the pivot. Did I bail too soon? Maybe. I know you're supposed to cut losses at 8% period. But in this case on 4/4 it dropped below 8% only intraday, then it surged to recover above the pivot. In reviewing past similar trades, intraday activity has often been the cause. Many times a stock will shake out intraday only to recover before the day is done. So I wonder, should the 8% sell rule be applied on closing prices only? In this case, if I waited until the end of trading on 4/4, I'd still be in DFXI and enjoying the ride. Or maybe, should you simply ignore the first hour or two of trading during the day? It seems to me in many cases, early trading is very volatile and it's probably best to just sit on the sidelines until after lunch. - -- Dave _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.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: Fri, 19 Apr 2002 09:43:45 -0700 From: Ian Subject: Re: [CANSLIM] successful stories This is a multi-part message in MIME format. - --Boundary_(ID_ehRby1W0MnkUodDWSiWpOg) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT I started by virtual fund 10 months ago, with the NASDAQ at 2300 and DJIA at 11,300. Using CANSLIM methods, and holding about 25% cash most of the time, my fund is now up over 65%. As it has been consistently one of the top 100 funds (out of over 55,000) it is a matter of public record at: http://www.marketocracy.com/cgi-bin/WebObjects/Portfolio.woa/wa/M100IndexPage?bfix=1 , under ist.martin. Ian ----- Original Message ----- From: Simon Yang To: canslim@lists.xmission.com Sent: Thursday, April 18, 2002 11:55 AM Subject: [CANSLIM] successful stories Hi everyone, I am new to this community, I really like to know how successful you CANSLIM investors have done so far with the system. There must be some very successful investors among you. Would you mind share with all? So we all can learn better. simoninvestments.net Simon Yang - ------------------------------------------------------------------------------ Do You Yahoo!? Yahoo! Tax Center - online filing with TurboTax - --Boundary_(ID_ehRby1W0MnkUodDWSiWpOg) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
I started by virtual fund 10 months ago, with the NASDAQ at 2300 and DJIA at 11,300. Using CANSLIM methods, and holding about 25% cash most of the time, my fund is now up over 65%. As it has been consistently one of the top 100 funds (out of over 55,000) it is a matter of public record at: http://www.marketocracy.com/cgi-bin/WebObjects/Portfolio.woa/wa/M100IndexPage?bfix=1  , under ist.martin.
 
 
Ian
----- Original Message -----
From: Simon Yang
Sent: Thursday, April 18, 2002 11:55 AM
Subject: [CANSLIM] successful stories

Hi everyone,

I am new to this community, I really like to know how successful you CANSLIM investors have done so far with the system. There must be some very successful investors among you. Would you mind share with all? So we all can learn better.

simoninvestments.net

Simon Yang


Do You Yahoo!?
Yahoo! Tax Center - online filing with TurboTax
- --Boundary_(ID_ehRby1W0MnkUodDWSiWpOg)-- - - - -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: Fri, 19 Apr 2002 12:22:42 EDT From: Vanchee1@aol.com Subject: [CANSLIM] DOL - --part1_69.25c2a4fd.29f19e52_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit DOL 80/90, nice looking chart, with the earnings release yesterday appears that their cost cutting measures are starting to pay off. Chris. - --part1_69.25c2a4fd.29f19e52_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit DOL 80/90, nice looking chart, with the earnings release yesterday appears that their cost cutting measures are starting to pay off.

Chris. - --part1_69.25c2a4fd.29f19e52_boundary-- - - - -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: Fri, 19 Apr 2002 11:24:01 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] DFXI again This is a multi-part message in MIME format. - ------=_NextPart_000_006C_01C1E794.B4D4B720 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Great point, Dave. That's why I like a mental stop on an initial = purchase and do a check on everything in the last hour of trade---no = unnecessary whipsawing based on intraday action. All the swing traders = love the kind of action you described. They look for a trend, a pullback = in the trend, and then a confirmation the trend is continuing, then jump = in. I just don't want to get caught up in their game if I can avoid it! Katherine ----- Original Message -----=20 From: Davellil5@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 19, 2002 11:16 AM Subject: Re: [CANSLIM] DFXI again I did what you suggest, waited for the close that day -- and held on. = My reasons: --=20 Some correction is normal as a quarterly reporting date nears. Lately, savvy buyers stay out early in the day and buy when the price = drops=20 to their taste. I call this "intra-day bottom-fishing". The low that day didn't penetrate the 50DMA. And, the volume wasn't high. Not telling anyone else to go this route. You pays your money and = takes your=20 choice. Regards, Dave - -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_006C_01C1E794.B4D4B720 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Great point, Dave. That's why I like a mental stop on an initial = purchase=20 and do a check on everything in the last hour of trade---no unnecessary=20 whipsawing based on intraday action. All the swing traders love the kind = of=20 action you described. They look for a trend, a pullback in the trend, = and then a=20 confirmation the trend is continuing, then jump in. I just don't want to = get=20 caught up in their game if I can avoid it!
 
Katherine
----- Original Message -----
From:=20 Davellil5@aol.com
Sent: Friday, April 19, 2002 = 11:16=20 AM
Subject: Re: [CANSLIM] DFXI = again

I did what you suggest, waited for the close that day = - -- and=20 held on. 

My reasons: --

Some correction is = normal as a=20 quarterly reporting date nears.

Lately, savvy buyers stay out = early in=20 the day and buy when the price drops
to their taste.  I call = this=20 "intra-day bottom-fishing".

The low that day didn't penetrate = the=20 50DMA.

And, the volume wasn't high.

Not telling anyone = else to=20 go this route.  You pays your money and takes your=20
choice.

Regards, Dave




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-"unsubscribe = canslim".  Do=20 not use quotes in your email. - ------=_NextPart_000_006C_01C1E794.B4D4B720-- - - - -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: Fri, 19 Apr 2002 09:33:12 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Hotmail.com accounts - OT Thanks for the heads up Gene. Your right, they decided for me. I'll close my account there as I just opened a free one with email.com. They don't require my ISP's email to register. - -Bill Triffet - ----- Original Message ----- From: "Gene Ricci" To: Sent: Friday, April 19, 2002 8:55 AM Subject: Re: [CANSLIM] Hotmail.com accounts - OT I saw the following on another Yahoo Group and checked it out, sure enough all of my marketing preferences were changed to "YES". You may want to check it out and change it to "NO". >Apparently, when Yahoo was "down" recently, in addition to whatever else they did, they also reset everyone's marketing preferences back to "Yes". These settings not only apply to Spam, but also to junk snail mail and phone solicitation as well.< Gene ----- Original Message ----- From: Bill Triffet To: canslim@lists.xmission.com Sent: Friday, April 19, 2002 10:25 AM Subject: Re: [CANSLIM] Hotmail.com accounts - OT Perhaps it was just coincidence - but the day after I registered to use Yahoo mail, I started receiving TONS of spam in my earthlink mail (you must give your real address to Yahoo) every day. I told them not to give out my earthlink address to their advertisers. I now have a huge blocked senders list in addition to a large message rules list to try and keep them out. Maybe others here have had better experiences with them? -Bill Triffet ----- Original Message ----- From: "Jeff Salisbury" To: Sent: Friday, April 19, 2002 7:17 AM Subject: [CANSLIM] Hotmail.com accounts > Hello Canslimers, > If you received this message in your Hotmail.com account, would you please reply to this message... > > It appears to me that Hotmail is no longer accepting ANY canslim messages. For quite some time, both Hotmail and MSN.com have been sporadic in accepting canslim messages. I would suggest that each of you avoid both vendors, and instead opt for a free account at Yahoo.com or Mail.com... > > Jeff - canslim admin/owner - -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: Fri, 19 Apr 2002 12:30:43 -0400 From: "J. Lobatto" Subject: Re: [CANSLIM] DFXI again Your experience is very typical of how the market has been treating CANSLIMers for quite a while. I think it's partially due to the fact that there are not that many high EPS and RS stocks forming classic cup and handle bases. When one does appear (like DFXI) and breaks out as DFXI did on 3/28, it's a feeding frenzy and I strongly suspect that "they" are aware of this and try to immediately drop the stock to shake out all the stop loss orders put in by CANSLIMers. I bought DFXI myself on 3/28 and when it headed down I said to myself "here we go again". This time I decided to hang tough and didn't sell after the 8% drop as I've seen this happen so often lately. Sure enough, it came right back and I'm sitting on a profit now. I realize that this kind of behavior however can lead to disaster and wouldn't recommend it. My hope is that down the road there will be many more stocks breaking out and everyone will not be piling into the 2 or 3 daily breakouts we see now. Jon - ----- Original Message ----- From: "Dave Rubin" To: Sent: Friday, April 19, 2002 11:44 AM Subject: [CANSLIM] DFXI again > Bought DFXI on 3/28 breakout. Sold for loss on 4/4. Sat back and watched the > stock surge higher, now hitting new highs on volume. Kicking myself for > following CANSLIM rules. > > I know WON says this will happen but nevertheless it is discouraging. It's > happened many times to me already. Each time it makes me want to throw > CANSLIM out the window. > > I'm trying to ignore my emotions and do a constructive post-mortem. Did I > buy wrong? I don't think so -- it was a nice cup-handle breakout and I > bought within 5% of the pivot. Did I bail too soon? Maybe. I know you're > supposed to cut losses at 8% period. But in this case on 4/4 it dropped > below 8% only intraday, then it surged to recover above the pivot. > > In reviewing past similar trades, intraday activity has often been the > cause. Many times a stock will shake out intraday only to recover before the > day is done. > > So I wonder, should the 8% sell rule be applied on closing prices only? In > this case, if I waited until the end of trading on 4/4, I'd still be in DFXI > and enjoying the ride. > > Or maybe, should you simply ignore the first hour or two of trading during > the day? It seems to me in many cases, early trading is very volatile and > it's probably best to just sit on the sidelines until after lunch. > > -- > Dave > > > _________________________________________________________ > Do You Yahoo!? > Get your free @yahoo.com address at http://mail.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 #2327 ****************************** 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. 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