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Subject: canslim-digest V2 #3319
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canslim-digest        Wednesday, May 21 2003        Volume 02 : Number 3319



In this issue:

       Re: [CANSLIM] Any reason why I should not buy APPX?
       Re: [CANSLIM] Any reason why I should not buy APPX?
       Re: [CANSLIM] Positions
       Re: [CANSLIM] A good posting from Tom Worlye (from 5 years ago)
       Re: [CANSLIM] Any reason why I should not buy APPX?
       [CANSLIM] Comments on GALN
       Re: [CANSLIM] Comments on GALN
       Re: [CANSLIM] STOPs
       Re: [CANSLIM] STOPs
       Re: [CANSLIM] STOPs

----------------------------------------------------------------------

Date: Tue, 20 May 2003 18:39:46 -0500
From: " Bob Hodes" <rchodes@charter.net>
Subject: Re: [CANSLIM] Any reason why I should not buy APPX?

    Tomas: Disclosure:  I am long APPX and having a good time recently.
This stock has good fundamentals but it's been quite volatile.  You will
notice that there is a huge short position in APPX.  About a month ago, The
Street Dot Com had a series of very negative articles that pointed out
ethical issues about business practices, concerns about the integrity of the
CEO and conflicts of interest, and raised concerns about their phase III
clinical trials of ABI-007.  This was all old news but three negative
articles all came out in a very short time frame.  If you go to the APPX
message board on Yahoo you can read all about these controversies.  I was
mostly concerned about their questions about the quality of the ABI-007
phase III studies (issues were raised about the sample size being too small
for the study to have enough power to clearly demonstrate the efficacy of
ABI-007, concerns that patients were recruited from research centers in
eastern Europe/Russia, etc.

After these stories came out, the stock declined in price but it has since
more than recovered and broken out to a new 52 week high.  That's pretty
interesting given the enormous short interest in APPX.  Squeeze?

So do you DD on this stock.  Good luck.

Bob Hodes

- ----- Original Message ----- 
From: "Tomas" <tomas986@yahoo.com>
To: "canslim canslim" <canslim@lists.xmission.com>
Sent: Wednesday, May 14, 2003 11:09 PM
Subject: [CANSLIM] Any reason why I should not buy APPX?


> APPX has very good fundies.  It has 15.13/18 from
> Katherine's CE (8.80/11 CEF and 6.33/7 CET), not too
> shabby.
>
> The chart looks good too.  Looks like left cup on 1/30
> at $27.75.  Pivot point at 5/5 at $26.2.  BO is today
> to $28.54 with heavy volume.  Still within the %5 to
> buy.  The handle was trending down.  There was even a
> shakeout day on 5/8 (down on heavier volume but still
> ended up on the higher price range of the day).  The
> CwH looks good.  The only thing bad about this is that
> the handle is only about 6 days.
>
> Management owns about 71% of the stock, mainly by the
> CEO.
>
> What do you guys/gals think?  Any reason why I should
> not buy it tomorrow?
>
> I read somewhere about the IBD curse, this stock is on
> the "Stock in the News" today.  Should I be worry
> about that fact?
>
> tomas
>
>
> __________________________________
> Do you Yahoo!?
> The New Yahoo! Search - Faster. Easier. Bingo.
> http://search.yahoo.com
>
> -
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> -In the email body, write "subscribe canslim" or
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------------------------------

Date: Tue, 20 May 2003 16:58:27 -0700 (PDT)
From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Any reason why I should not buy APPX?

Bob,

Thanks for the information.  I did not know that about
APPX.  Guess I did not do enough research.  I am not
sure the lack of knowledge is a good or bad thing.  I
am thinking all these news is built into the
price/volume action already.

What is "DD"?  I got in at $26.86.  With the current
market, I am carefully watching this stock.  My finger
is on the sell tigger.


tomas


- ---  Bob Hodes <rchodes@charter.net> wrote:
>     Tomas: Disclosure:  I am long APPX and having a
> good time recently.
> This stock has good fundamentals but it's been quite
> volatile.  You will
> notice that there is a huge short position in APPX. 
> About a month ago, The
> Street Dot Com had a series of very negative
> articles that pointed out
> ethical issues about business practices, concerns
> about the integrity of the
> CEO and conflicts of interest, and raised concerns
> about their phase III
> clinical trials of ABI-007.  This was all old news
> but three negative
> articles all came out in a very short time frame. 
> If you go to the APPX
> message board on Yahoo you can read all about these
> controversies.  I was
> mostly concerned about their questions about the
> quality of the ABI-007
> phase III studies (issues were raised about the
> sample size being too small
> for the study to have enough power to clearly
> demonstrate the efficacy of
> ABI-007, concerns that patients were recruited from
> research centers in
> eastern Europe/Russia, etc.
> 
> After these stories came out, the stock declined in
> price but it has since
> more than recovered and broken out to a new 52 week
> high.  That's pretty
> interesting given the enormous short interest in
> APPX.  Squeeze?
> 
> So do you DD on this stock.  Good luck.
> 
> Bob Hodes
> 
> ----- Original Message ----- 
> From: "Tomas" <tomas986@yahoo.com>
> To: "canslim canslim" <canslim@lists.xmission.com>
> Sent: Wednesday, May 14, 2003 11:09 PM
> Subject: [CANSLIM] Any reason why I should not buy
> APPX?
> 
> 
> > APPX has very good fundies.  It has 15.13/18 from
> > Katherine's CE (8.80/11 CEF and 6.33/7 CET), not
> too
> > shabby.
> >
> > The chart looks good too.  Looks like left cup on
> 1/30
> > at $27.75.  Pivot point at 5/5 at $26.2.  BO is
> today
> > to $28.54 with heavy volume.  Still within the %5
> to
> > buy.  The handle was trending down.  There was
> even a
> > shakeout day on 5/8 (down on heavier volume but
> still
> > ended up on the higher price range of the day). 
> The
> > CwH looks good.  The only thing bad about this is
> that
> > the handle is only about 6 days.
> >
> > Management owns about 71% of the stock, mainly by
> the
> > CEO.
> >
> > What do you guys/gals think?  Any reason why I
> should
> > not buy it tomorrow?
> >
> > I read somewhere about the IBD curse, this stock
> is on
> > the "Stock in the News" today.  Should I be worry
> > about that fact?
> >
> > tomas
> >
> >
> > __________________________________
> > Do you Yahoo!?
> > The New Yahoo! Search - Faster. Easier. Bingo.
> > http://search.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.


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------------------------------

Date: Tue, 20 May 2003 17:08:41 -0700 (PDT)
From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Positions

Yes, it would be interesting to see what stocks are
the members holding.

Just APPX for me.

tomas

- --- Vanchee1@aol.com wrote:
> Hello all, its been a while since I posted. Just
> thought I would list my 
> current holdings. I do not promote or recommend
> anyone buy any of these 
> stocks. Just find it interesting to see other
> similar investors holdings. I 
> say similar because we all are on the canslim board.
> Not all my stocks are 
> canslim but many have high ratings.
> 
> CVU 99/97
> APPX 99/93
> CVH 99/88
> SFCC 98/48
> QSII 97/93
> ADG 97/32
> KDE 89/17
> STST 90/76
> COO 86/82
> ASGR 81/62
> INVN 81/27
> CURE 76/12
> SCHK RTNH
> Recent sales SSYS, ACET, USNA, JCOM. Sold at a
> profit but too soon in a 
> couple of cases, JCOM and SSYS.
> 
> Enjoy all, Chris.
> 


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------------------------------

Date: Tue, 20 May 2003 19:02:22 -0700
From: Dan Musicant <musicant@pacbell.net>
Subject: Re: [CANSLIM] A good posting from Tom Worlye (from 5 years ago)

Dave and all,

It could just be my email client but the post I'm replying to (a repost
of one of Tom Worley's posts from 5 years ago) came to me oddly
formatted. I straightened it out so it's more readable, at least on my
system, and am presenting the results. I resubscribed to the list on
4/23/03, and Tom only made two posts after that.=20

Dan Musicant
______________________________________________________
On Sat, 10 May 2003 04:26:10 -0700 (PDT), Dave Cameron
<dfcameron@yahoo.comwrote:
(results reformatted)

When I began my personal transition from a pure fundamentalist to
adding a TA approach, it was because pure fundamentalism didn't
work, at least in the short term. Too often I saw a stock report
earnings up 20 or 30% over the prior year, yet go down. I spent a lot of
time, and money, finally figuring out that it was expectations that
drove the mkt in the short, and even long, term. Over the years I began
to question why the mkt did what it did, things like increased
employment being bad for the mkt despite reduced welfare costs and
increased consumer spending. Took me a while to grasp how the fear of
inflation was greater than the effect of improved employment (course,
now that I finally understand it, it doesn't seem to apply as well).

Today, I use both a fundamental and a technical approach both to
individual stocks and the mkt at large. Because of my curiousity about
the influences on the mkt, I have developed a heavy bias on economics. I
consider myself knowledgable, intelligent, and with over 40 years
experience in the mkt, including seven as a broker and three running the
"back office" of a securities firm. I have been learning and using
CANSLIM for over seven years, and have received not only training from
WON associates but for a time got his institutional picks.

I went thru a period when I essentially dismissed my basic fundamental
approach and was little more than a WON groupie, whatever the
master guru thought I should do, I did. And I learned that, like I, he
is not perfect in forecasting the mkt or individual stocks (altho his
success rate is better).

Can I forecast what the mkt will do 3, 6 or 12 months out? No, nor
do I claim to. There are far too many influences on the mkt direction,
including human psychology shaped by many sources including airhead
media commentators (script readers).

What I can and do give freely to this group is my experience, made
somewhat unique by my occupation within the securities industry. I have
learned the hard way things like a reverse split is usually bad and you
are better off selling; if the mkt closes strongly on volume at either
the high or low end of that day's range it will likely follow thru the
next day in the same direction; just because a stock is cheap doesn't
mean it can't get cheaper and it is better to wait for an uptrend to be
developed; etc etc. I have learned the cost of entering mkt orders at
the open, and am now developing a feel for when and how to enter  limit
orders within the spread under the new Order Display rules.

As one of the early members of this group, it has been my experience
that postings of new stock picks tends to be highest when the mkt does
well and the trend is obvious, little discussion takes place on where
the mkt is likely to go. When the mkt is chaotic, that's when more
opinions and questions start surfacing about "M". It's a time for
discussion, questioning, opinions, education, and sitting on cash till
each individual is confident of what he should do for his investments.

CS principles should not be abandoned, but I do not agree with selling
everything because "M" looks ugly. Let your individual stops take
you out according to the rules you have developed from CS principles.
One thing I learned the hard way is that there are no absolute rules in
this. Each person develops his or her own application of CANSLIM
philosophy as it suits their comfort level.

So long as I continue to get feedback from the members of this
group that I am contributing something worthwhile, I don't intend to
change.

Because I am licensed and regulated, I still must be restrained in what
I say, even within a private group such as ours. But I doubt the SEC or
NASD would object to my efforts to educate and inform. I disagree
strongly that I ignore WON's views on "M", in fact you seem to have
disagreed entirely with his views on Thursday's action as presented in
IBD (I doubt that was published without his approval). We got the
confirmatory day very late, but we got it. And Friday would seem to
further confirm it both with a further 1% gain on NYSE and NASDAQ, even
without a substantial increase in volume to the upside. Interestingly,
this seems to have caused Connie's indicators to go negative. Don't know
if this just means it's no longer a good enviroment for day traders, or
also bad for CANSLIM. VIX did drop by over 10%, but at 33.04 it's still
a long way over 20. Some months ago, well before the Asian crises broke,
I espoused the opinion that the volatility would be much greater for the
balance of the year. So far that is proving correct, and I see no reason
to change that opinion.

Having now spent so much time on my soap box, what do I think is
going on in the mkt?  As I have been saying, I see the mkt consolidating
both long and mid term gains as well as a short term correction. At the
same time it is absorbing major intl "psychological" influences such as
Asia and Latin America, flight to safety in US treasuries, economic
reports suggesting a need for the Feds to hike immediately
counterbalanced by very bullish reports, gold continuing its bear mkt,
strong dollar further reducing export growth but hurting big caps with
intl exposure, a shift of money from big caps to small caps and back to
big caps, and Iraq stupidly saber rattling.

Currently I am looking for a home for the cash I raised over the
past several weeks selling my dogs. I expect to be fully invested by the
end of the week barring some major event or change in my reading of both
the fundamental and technical portrayal of "M". This is what is right
for me, and by definition may not be right for even one other member of
this fine group. It fits my confidence and comfort level. No other
member should make a decision on what I think is right for me.

One of the best comments I heard recently was from Wayne Angell,
former Fed governor and now economist at Bear Stearns: "Gold at $310 is
a huge vote of confidence in the Feds" (course now it's at $304 after
briefly breaking $300, and forecasts now are for 275-280 before the
bargain hunters will step in).

Any statements or opinions are strictly my own and not that of my
employer. My comments should not be interpreted as a recommendation of
any kind. I am a licensed (inactive) broker and an active investor. All
investors should do their own research prior to any investment,
especially one learned about on the Internet. Hopefully my comments will
better inform and educate all investors.

tom w=20
=3D=3D=3D=3D=3D
Dave Cameron
dfcameron@yahoo.com

__________________________________
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------------------------------

Date: Tue, 20 May 2003 21:18:33 -0700
From: "rchodes" <rchodes@charter.net>
Subject: Re: [CANSLIM] Any reason why I should not buy APPX?

Due diligence:

- ----- Original Message ----- 
From: "Tomas" <tomas986@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, May 20, 2003 4:58 PM
Subject: Re: [CANSLIM] Any reason why I should not buy APPX?


> Bob,
> 
> Thanks for the information.  I did not know that about
> APPX.  Guess I did not do enough research.  I am not
> sure the lack of knowledge is a good or bad thing.  I
> am thinking all these news is built into the
> price/volume action already.
> 
> What is "DD"?  I got in at $26.86.  With the current
> market, I am carefully watching this stock.  My finger
> is on the sell tigger.
> 
> 
> tomas
> 
> 
> ---  Bob Hodes <rchodes@charter.net> wrote:
> >     Tomas: Disclosure:  I am long APPX and having a
> > good time recently.
> > This stock has good fundamentals but it's been quite
> > volatile.  You will
> > notice that there is a huge short position in APPX. 
> > About a month ago, The
> > Street Dot Com had a series of very negative
> > articles that pointed out
> > ethical issues about business practices, concerns
> > about the integrity of the
> > CEO and conflicts of interest, and raised concerns
> > about their phase III
> > clinical trials of ABI-007.  This was all old news
> > but three negative
> > articles all came out in a very short time frame. 
> > If you go to the APPX
> > message board on Yahoo you can read all about these
> > controversies.  I was
> > mostly concerned about their questions about the
> > quality of the ABI-007
> > phase III studies (issues were raised about the
> > sample size being too small
> > for the study to have enough power to clearly
> > demonstrate the efficacy of
> > ABI-007, concerns that patients were recruited from
> > research centers in
> > eastern Europe/Russia, etc.
> > 
> > After these stories came out, the stock declined in
> > price but it has since
> > more than recovered and broken out to a new 52 week
> > high.  That's pretty
> > interesting given the enormous short interest in
> > APPX.  Squeeze?
> > 
> > So do you DD on this stock.  Good luck.
> > 
> > Bob Hodes
> > 
> > ----- Original Message ----- 
> > From: "Tomas" <tomas986@yahoo.com>
> > To: "canslim canslim" <canslim@lists.xmission.com>
> > Sent: Wednesday, May 14, 2003 11:09 PM
> > Subject: [CANSLIM] Any reason why I should not buy
> > APPX?
> > 
> > 
> > > APPX has very good fundies.  It has 15.13/18 from
> > > Katherine's CE (8.80/11 CEF and 6.33/7 CET), not
> > too
> > > shabby.
> > >
> > > The chart looks good too.  Looks like left cup on
> > 1/30
> > > at $27.75.  Pivot point at 5/5 at $26.2.  BO is
> > today
> > > to $28.54 with heavy volume.  Still within the %5
> > to
> > > buy.  The handle was trending down.  There was
> > even a
> > > shakeout day on 5/8 (down on heavier volume but
> > still
> > > ended up on the higher price range of the day). 
> > The
> > > CwH looks good.  The only thing bad about this is
> > that
> > > the handle is only about 6 days.
> > >
> > > Management owns about 71% of the stock, mainly by
> > the
> > > CEO.
> > >
> > > What do you guys/gals think?  Any reason why I
> > should
> > > not buy it tomorrow?
> > >
> > > I read somewhere about the IBD curse, this stock
> > is on
> > > the "Stock in the News" today.  Should I be worry
> > > about that fact?
> > >
> > > tomas
> > >
> > >
> > > __________________________________
> > > Do you Yahoo!?
> > > The New Yahoo! Search - Faster. Easier. Bingo.
> > > http://search.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.
> 
> 
> __________________________________
> Do you Yahoo!?
> The New Yahoo! Search - Faster. Easier. Bingo.
> http://search.yahoo.com
> 
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> -In the email body, write "subscribe canslim" or
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------------------------------

Date: Tue, 20 May 2003 20:18:05 -0700 (PDT)
From: Tomas <tomas986@yahoo.com>
Subject: [CANSLIM] Comments on GALN

Anyone want to comment on GALN?

Fundies looks very good.  15.64/18 on the CE scale. 
Best of its class.  Looks like some institutions have
been selling.

Chart looks like it BO 5/14 with big jump.

Is it too extended?  fundies and chart comments
appreciated.

tomas


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------------------------------

Date: Wed, 21 May 2003 10:59:27 -0400
From: "David Bojanowski" <dbojanowski@hotmail.com>
Subject: Re: [CANSLIM] Comments on GALN

Just commenting on the chart...the stock is down 4% today.  I'd wait to see 
if it can build some support around $35.50 or so...if it falls below that 
who knows how much further it will drop.



>From: Tomas <tomas986@yahoo.com>
>
>Anyone want to comment on GALN?
>
>Fundies looks very good.  15.64/18 on the CE scale.
>Best of its class.  Looks like some institutions have
>been selling.
>
>Chart looks like it BO 5/14 with big jump.
>
>Is it too extended?  fundies and chart comments
>appreciated.
>

_________________________________________________________________
Help STOP SPAM with the new MSN 8 and get 2 months FREE*  
http://join.msn.com/?page=features/junkmail


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------------------------------

Date: Wed, 21 May 2003 10:24:59 -0700 (PDT)
From: jeffwdc <jeffwdc@yahoo.com>
Subject: Re: [CANSLIM] STOPs

Rolf,

I asked a similar question a couple of months ago. 
Tom Worely posted a reply, but I regret I can't find
his actual message -however I did print a hard copy.  
On 3/20/03 Tom wrote:
...the normal procedure I use is to leave the stop
loss unchanged (from the 8% stop placed after
purchase) until I am up at least 15%.  At that point,
I raise my limit to my original entry point (or
aveerage price if multiple purchases).  After that, I
try to us a trailing stop 15% below the prior day
(sometimes the closing price, sometimes the intraday
high, depends on the chart, stock, fundies, how badly
I want to take profits, etc.)  Of course, once raised,
the stop loss should NEVER be lowered.

Also found this message from Tom written on 4/21/03:

"I think any stop loss price should be selected after
studying the chart, and considering your entry point.
When I use hard stops, I like to put them just under
where I see support, figuring if it goes thru short
term support then it could go down a lot further.

When I really don't want to be stopped out, and
especially when I already have a nice profit, I tend
to use looser stops."

Jeff Gasta
Note: I am now using a new e-mail address.

- --- Rolf Hertenstein <rolfh@mindspring.com> wrote:
> Just curious how folks manage their mental or hard*
> STOPs on a broken-out stock that is behaving well
> (gaining steadily over a few months with a few
> 10-15% corrections).  I'm especially curious about
> techniques people might use in this market.
> 
> A 'standard' technique uses a trailing STOP at xx%
> below the currwnt price.  Another technique I have
> read about sets STOPs in relation to the 50 or 200
> DMA, with the hope that allowing the stock
> relatively wide swings ultimately leads to big
> gains, as long as the DMA is still rising.
> 
> Any thoughts greatly appreciated.
> 
>  Rolf
> 


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------------------------------

Date: Wed, 21 May 2003 14:04:33 -0400
From: "Chuck Dreier" <chucknsc@mindspring.com>
Subject: Re: [CANSLIM] STOPs

This is a multi-part message in MIME format.

- ------=_NextPart_000_0006_01C31FA1.E7A51FA0
Content-Type: text/plain;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

Please explain "trailing stop".  How is that different than the stop =
loss that I'm familiar with?  Thanks....
Chuck

  ----- Original Message -----=20
  From: jeffwdc=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, May 21, 2003 1:24 PM
  Subject: Re: [CANSLIM] STOPs


  Rolf,

  I asked a similar question a couple of months ago.=20
  Tom Worely posted a reply, but I regret I can't find
  his actual message -however I did print a hard copy. =20
  On 3/20/03 Tom wrote:
  ...the normal procedure I use is to leave the stop
  loss unchanged (from the 8% stop placed after
  purchase) until I am up at least 15%.  At that point,
  I raise my limit to my original entry point (or
  aveerage price if multiple purchases).  After that, I
  try to us a trailing stop 15% below the prior day
  (sometimes the closing price, sometimes the intraday
  high, depends on the chart, stock, fundies, how badly
  I want to take profits, etc.)  Of course, once raised,
  the stop loss should NEVER be lowered.

  Also found this message from Tom written on 4/21/03:

  "I think any stop loss price should be selected after
  studying the chart, and considering your entry point.
  When I use hard stops, I like to put them just under
  where I see support, figuring if it goes thru short
  term support then it could go down a lot further.

  When I really don't want to be stopped out, and
  especially when I already have a nice profit, I tend
  to use looser stops."

  Jeff Gasta
  Note: I am now using a new e-mail address.

  --- Rolf Hertenstein <rolfh@mindspring.com> wrote:
  > Just curious how folks manage their mental or hard*
  > STOPs on a broken-out stock that is behaving well
  > (gaining steadily over a few months with a few
  > 10-15% corrections).  I'm especially curious about
  > techniques people might use in this market.
  >=20
  > A 'standard' technique uses a trailing STOP at xx%
  > below the currwnt price.  Another technique I have
  > read about sets STOPs in relation to the 50 or 200
  > DMA, with the hope that allowing the stock
  > relatively wide swings ultimately leads to big
  > gains, as long as the DMA is still rising.
  >=20
  > Any thoughts greatly appreciated.
  >=20
  >  Rolf
  >=20


  __________________________________
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  The New Yahoo! Search - Faster. Easier. Bingo.
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<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
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<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Please explain "trailing stop".&nbsp; =
How is that=20
different than&nbsp;the stop loss that I'm familiar with?&nbsp;=20
Thanks....</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Chuck</FONT></DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Djeffwdc@yahoo.com =
href=3D"mailto:jeffwdc@yahoo.com">jeffwdc</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, May 21, 2003 =
1:24=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
STOPs</DIV>
  <DIV><BR></DIV>Rolf,<BR><BR>I asked a similar question a couple of =
months ago.=20
  <BR>Tom Worely posted a reply, but I regret I can't find<BR>his actual =
message=20
  -however I did print a hard copy.&nbsp; <BR>On 3/20/03 Tom =
wrote:<BR>...the=20
  normal procedure I use is to leave the stop<BR>loss unchanged (from =
the 8%=20
  stop placed after<BR>purchase) until I am up at least 15%.&nbsp; At =
that=20
  point,<BR>I raise my limit to my original entry point (or<BR>aveerage =
price if=20
  multiple purchases).&nbsp; After that, I<BR>try to us a trailing stop =
15%=20
  below the prior day<BR>(sometimes the closing price, sometimes the=20
  intraday<BR>high, depends on the chart, stock, fundies, how badly<BR>I =
want to=20
  take profits, etc.)&nbsp; Of course, once raised,<BR>the stop loss =
should=20
  NEVER be lowered.<BR><BR>Also found this message from Tom written on=20
  4/21/03:<BR><BR>"I think any stop loss price should be selected=20
  after<BR>studying the chart, and considering your entry point.<BR>When =
I use=20
  hard stops, I like to put them just under<BR>where I see support, =
figuring if=20
  it goes thru short<BR>term support then it could go down a lot=20
  further.<BR><BR>When I really don't want to be stopped out, =
and<BR>especially=20
  when I already have a nice profit, I tend<BR>to use looser =
stops."<BR><BR>Jeff=20
  Gasta<BR>Note: I am now using a new e-mail address.<BR><BR>--- Rolf=20
  Hertenstein &lt;<A=20
  href=3D"mailto:rolfh@mindspring.com">rolfh@mindspring.com</A>&gt; =
wrote:<BR>&gt;=20
  Just curious how folks manage their mental or hard*<BR>&gt; STOPs on a =

  broken-out stock that is behaving well<BR>&gt; (gaining steadily over =
a few=20
  months with a few<BR>&gt; 10-15% corrections).&nbsp; I'm especially =
curious=20
  about<BR>&gt; techniques people might use in this market.<BR>&gt; =
<BR>&gt; A=20
  'standard' technique uses a trailing STOP at xx%<BR>&gt; below the =
currwnt=20
  price.&nbsp; Another technique I have<BR>&gt; read about sets STOPs in =

  relation to the 50 or 200<BR>&gt; DMA, with the hope that allowing the =

  stock<BR>&gt; relatively wide swings ultimately leads to big<BR>&gt; =
gains, as=20
  long as the DMA is still rising.<BR>&gt; <BR>&gt; Any thoughts greatly =

  appreciated.<BR>&gt; <BR>&gt;&nbsp; Rolf<BR>&gt;=20
  <BR><BR><BR>__________________________________<BR>Do you =
Yahoo!?<BR>The New=20
  Yahoo! Search - Faster. Easier. Bingo.<BR><A=20
  =
href=3D"http://search.yahoo.com">http://search.yahoo.com</A><BR><BR>-<BR>=
- -To=20
  subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
  email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
  not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML>

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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

------------------------------

Date: Wed, 21 May 2003 13:10:48 -0500
From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] STOPs

This is a multi-part message in MIME format.

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	charset="iso-8859-1"
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http://www.investopedia.com/terms/t/trailingstop.asp

Gene
  ----- Original Message -----=20
  From: Chuck Dreier=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, May 21, 2003 1:04 PM
  Subject: Re: [CANSLIM] STOPs


  Please explain "trailing stop".  How is that different than the stop =
loss that I'm familiar with?  Thanks....
  Chuck

    ----- Original Message -----=20
    From: jeffwdc=20
    To: canslim@lists.xmission.com=20
    Sent: Wednesday, May 21, 2003 1:24 PM
    Subject: Re: [CANSLIM] STOPs


    Rolf,

    I asked a similar question a couple of months ago.=20
    Tom Worely posted a reply, but I regret I can't find
    his actual message -however I did print a hard copy. =20
    On 3/20/03 Tom wrote:
    ...the normal procedure I use is to leave the stop
    loss unchanged (from the 8% stop placed after
    purchase) until I am up at least 15%.  At that point,
    I raise my limit to my original entry point (or
    aveerage price if multiple purchases).  After that, I
    try to us a trailing stop 15% below the prior day
    (sometimes the closing price, sometimes the intraday
    high, depends on the chart, stock, fundies, how badly
    I want to take profits, etc.)  Of course, once raised,
    the stop loss should NEVER be lowered.

    Also found this message from Tom written on 4/21/03:

    "I think any stop loss price should be selected after
    studying the chart, and considering your entry point.
    When I use hard stops, I like to put them just under
    where I see support, figuring if it goes thru short
    term support then it could go down a lot further.

    When I really don't want to be stopped out, and
    especially when I already have a nice profit, I tend
    to use looser stops."

    Jeff Gasta
    Note: I am now using a new e-mail address.

    --- Rolf Hertenstein <rolfh@mindspring.com> wrote:
    > Just curious how folks manage their mental or hard*
    > STOPs on a broken-out stock that is behaving well
    > (gaining steadily over a few months with a few
    > 10-15% corrections).  I'm especially curious about
    > techniques people might use in this market.
    >=20
    > A 'standard' technique uses a trailing STOP at xx%
    > below the currwnt price.  Another technique I have
    > read about sets STOPs in relation to the 50 or 200
    > DMA, with the hope that allowing the stock
    > relatively wide swings ultimately leads to big
    > gains, as long as the DMA is still rising.
    >=20
    > Any thoughts greatly appreciated.
    >=20
    >  Rolf
    >=20


    __________________________________
    Do you Yahoo!?
    The New Yahoo! Search - Faster. Easier. Bingo.
    http://search.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.


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charset=3Diso-8859-1">
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<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS"><A=20
href=3D"http://www.investopedia.com/terms/t/trailingstop.asp">http://www.=
investopedia.com/terms/t/trailingstop.asp</A></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dchucknsc@mindspring.com =
href=3D"mailto:chucknsc@mindspring.com">Chuck=20
  Dreier</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, May 21, 2003 =
1:04=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
STOPs</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>Please explain "trailing stop".&nbsp; =
How is that=20
  different than&nbsp;the stop loss that I'm familiar with?&nbsp;=20
  Thanks....</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2>Chuck</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <BLOCKQUOTE=20
  style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV=20
    style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
    <A title=3Djeffwdc@yahoo.com =
href=3D"mailto:jeffwdc@yahoo.com">jeffwdc</A>=20
</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, May 21, 2003 =
1:24=20
    PM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
STOPs</DIV>
    <DIV><BR></DIV>Rolf,<BR><BR>I asked a similar question a couple of =
months=20
    ago. <BR>Tom Worely posted a reply, but I regret I can't find<BR>his =
actual=20
    message -however I did print a hard copy.&nbsp; <BR>On 3/20/03 Tom=20
    wrote:<BR>...the normal procedure I use is to leave the stop<BR>loss =

    unchanged (from the 8% stop placed after<BR>purchase) until I am up =
at least=20
    15%.&nbsp; At that point,<BR>I raise my limit to my original entry =
point=20
    (or<BR>aveerage price if multiple purchases).&nbsp; After that, =
I<BR>try to=20
    us a trailing stop 15% below the prior day<BR>(sometimes the closing =
price,=20
    sometimes the intraday<BR>high, depends on the chart, stock, =
fundies, how=20
    badly<BR>I want to take profits, etc.)&nbsp; Of course, once =
raised,<BR>the=20
    stop loss should NEVER be lowered.<BR><BR>Also found this message =
from Tom=20
    written on 4/21/03:<BR><BR>"I think any stop loss price should be =
selected=20
    after<BR>studying the chart, and considering your entry =
point.<BR>When I use=20
    hard stops, I like to put them just under<BR>where I see support, =
figuring=20
    if it goes thru short<BR>term support then it could go down a lot=20
    further.<BR><BR>When I really don't want to be stopped out,=20
    and<BR>especially when I already have a nice profit, I tend<BR>to =
use looser=20
    stops."<BR><BR>Jeff Gasta<BR>Note: I am now using a new e-mail=20
    address.<BR><BR>--- Rolf Hertenstein &lt;<A=20
    href=3D"mailto:rolfh@mindspring.com">rolfh@mindspring.com</A>&gt;=20
    wrote:<BR>&gt; Just curious how folks manage their mental or =
hard*<BR>&gt;=20
    STOPs on a broken-out stock that is behaving well<BR>&gt; (gaining =
steadily=20
    over a few months with a few<BR>&gt; 10-15% corrections).&nbsp; I'm=20
    especially curious about<BR>&gt; techniques people might use in this =

    market.<BR>&gt; <BR>&gt; A 'standard' technique uses a trailing STOP =
at=20
    xx%<BR>&gt; below the currwnt price.&nbsp; Another technique I =
have<BR>&gt;=20
    read about sets STOPs in relation to the 50 or 200<BR>&gt; DMA, with =
the=20
    hope that allowing the stock<BR>&gt; relatively wide swings =
ultimately leads=20
    to big<BR>&gt; gains, as long as the DMA is still rising.<BR>&gt; =
<BR>&gt;=20
    Any thoughts greatly appreciated.<BR>&gt; <BR>&gt;&nbsp; =
Rolf<BR>&gt;=20
    <BR><BR><BR>__________________________________<BR>Do you =
Yahoo!?<BR>The New=20
    Yahoo! Search - Faster. Easier. Bingo.<BR><A=20
    =
href=3D"http://search.yahoo.com">http://search.yahoo.com</A><BR><BR>-<BR>=
- -To=20
    subscribe/unsubscribe, email "<A=20
    =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
    email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
    not use quotes in your =
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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------------------------------

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