From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3432 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Thursday, July 17 2003 Volume 02 : Number 3432 In this issue: Re: [CANSLIM] BCGI big dip RE: [CANSLIM] BCGI big dip Re: [CANSLIM] BCGI big dip Re: [CANSLIM] BCGI big dip RE: [CANSLIM] BCGI big dip Re: [CANSLIM] BCGI big dip ---------------------------------------------------------------------- Date: Thu, 17 Jul 2003 13:42:48 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] BCGI big dip This is a multi-part message in MIME format. - ------=_NextPart_000_0678_01C34C69.4F3EAB10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable forgot to add the following Boston Communications Group (Nasdaq: BCGI) provides telecommunications = equipment and services that enables pre-paid service plans. Last night, = the company issued a positive earnings surprise and boosted = earnings-per-share estimates for 2002. Normally this would be considered = a good thing, if the report was not tainted with the hint that its = contract with Verizon Communications is not a forgone conclusion. As VZ = accounts for 52 percent of the company's business, investors have been = subsequently shaken up. Wall Street analysts are similarly concerned, as = illustrated by the two downgrades BCGI received this morning. The stock = has dropped over 35 percent today, breaching its May and June nadirs on = heavy volume. The equity has fallen beneath its 10-month moving average = but remains atop its 20-month trendline, which has provided support = since October 2002. BCGI options pits are active today on the July 15 = put strike, where almost 1,400 contracts have changed hands. Given that = there are close to 2,000 open contracts at this strike, and that these = options expire tomorrow, bearish speculators are likely capturing = profits in the midst of today's drubbing. Short sellers should also be = benefiting; over the last reporting period, the amount of BCGI short = interest rose 32 percent to 8.8 million, for a short-interest ratio of = almost nine times.=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 17, 2003 1:37 PM Subject: Re: [CANSLIM] BCGI big dip Hi Tomas, sorry to hear of your bad luck. I have to caution you to not = trade with a hard stop of some limit or another.... I see it's now down = to a 39% drop.... when does benign become terminal? Gene ----- Original Message -----=20 From: Tomas=20 To: canslim canslim=20 Sent: Thursday, July 17, 2003 1:28 PM Subject: [CANSLIM] BCGI big dip Hi All, I recently bought BCGI at BO on 07/08 for $18.89.=20 Good fundies and good CwH. No real yellow flags that I can see. Yesterday on after hour trading, it went down about 33% due to news on a potential lost of a big customer (51% of revenue). Also, earnings release yesterday was very good. So, my question is should I know this coming? Maybe I missed some big warning signs. Maybe I should have noticed the active insider selling the last few months. Another other warning signs that I would have noticed? Or is this something that you cannot protect from? I am think there should be enough warning signs for this king of thing. Is might be another dumb question, should I just sell it now (you might be thinking "What! You have not sold it yet"). Or wait for a few days to see what happens and maybe I can get some of my loss back? Am I just been "hopeful when I should be fearful" (ie, sell and get out ASAP)? Regards, tomas=20 __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.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_0678_01C34C69.4F3EAB10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

forgot to add the following

Boston Communications Group (Nasdaq: BCGI) provides = telecommunications=20 equipment and services that enables pre-paid service plans. Last night, = the=20 company issued a positive earnings surprise and boosted = earnings-per-share=20 estimates for 2002. Normally this would be = considered a good thing, if the report was not tainted with the hint = that its=20 contract with Verizon Communications is not a forgone conclusion. As VZ = accounts=20 for 52 percent of the company's business, investors have been = subsequently=20 shaken up. Wall Street analysts are similarly concerned, as illustrated = by the=20 two downgrades BCGI received this morning. The stock has = dropped=20 over 35 percent today, breaching its May and June nadirs on heavy = volume. The=20 equity has fallen beneath its 10-month moving average but remains atop = its=20 20-month trendline, which has provided support since October 2002. BCGI = options=20 pits are active today on the July 15 put strike, where almost 1,400 = contracts=20 have changed hands. Given that there are close to 2,000 open contracts = at this=20 strike, and that these options expire tomorrow, bearish speculators are = likely=20 capturing profits in the midst of today's drubbing. Short sellers should = also be=20 benefiting; over the last reporting period, the amount of BCGI short = interest=20 rose 32 percent to 8.8 million, for a short-interest ratio of almost = nine times.=20

----- Original Message -----
From:=20 Gene = Ricci
To: canslim@lists.xmission.com=
Sent: Thursday, July 17, 2003 = 1:37=20 PM
Subject: Re: [CANSLIM] BCGI big = dip

Hi Tomas, sorry to hear of your bad = luck. I=20 have to caution you to not trade with a hard stop of some limit or = another....=20 I see it's now down to a 39% drop.... when does benign become=20 terminal?
 
Gene
 
----- Original Message -----
From:=20 Tomas=20
Sent: Thursday, July 17, 2003 = 1:28=20 PM
Subject: [CANSLIM] BCGI big = dip

Hi All,

I recently bought BCGI at BO on 07/08 = for=20 $18.89.
Good fundies and good CwH.  No real yellow flags = that
I=20 can see.  Yesterday on after hour trading, it went
down = about 33%=20 due to news on a potential lost of a
big customer (51% of = revenue). =20 Also, earnings release
yesterday was very good.  So, my = question is=20 should I
know this coming?  Maybe I missed some big=20 warning
signs.  Maybe I should have noticed the active=20 insider
selling the last few months.  Another other = warning
signs=20 that I would have noticed?  Or is this something
that you = cannot=20 protect from?  I am think there should
be enough warning = signs for=20 this king of thing.

Is might be another dumb question, should = I just=20 sell
it now (you might be thinking "What! You have not sold
it = yet").=20 Or wait for a few days to see what happens
and maybe I can get = some of my=20 loss back?  Am I just
been "hopeful when I should be = fearful" (ie,=20 sell and
get out ASAP)?


Regards,
tomas=20

__________________________________
Do you Yahoo!?
SBC = Yahoo!=20 DSL - Now only $29.95 per month!
http://sbc.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_0678_01C34C69.4F3EAB10-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 17 Jul 2003 13:44:34 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] BCGI big dip This is a multi-part message in MIME format. - ------_=_NextPart_001_01C34C93.77585CEF Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene - Did you mean to say "caution you to not trade WITHOUT a hard stop = of some limit or another..."? - -----Original Message----- From: Gene Ricci [mailto:genr@swbell.net] Sent: Thursday, July 17, 2003 1:38 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] BCGI big dip Hi Tomas, sorry to hear of your bad luck. I have to caution you to not = trade with a hard stop of some limit or another.... I see it's now down = to a 39% drop.... when does benign become terminal? =20 Gene =20 - ----- Original Message -----=20 From: Tomas =20 To: canslim canslim =20 Sent: Thursday, July 17, 2003 1:28 PM Subject: [CANSLIM] BCGI big dip Hi All, I recently bought BCGI at BO on 07/08 for $18.89.=20 Good fundies and good CwH. No real yellow flags that I can see. Yesterday on after hour trading, it went down about 33% due to news on a potential lost of a big customer (51% of revenue). Also, earnings release yesterday was very good. So, my question is should I know this coming? Maybe I missed some big warning signs. Maybe I should have noticed the active insider selling the last few months. Another other warning signs that I would have noticed? Or is this something that you cannot protect from? I am think there should be enough warning signs for this king of thing. Is might be another dumb question, should I just sell it now (you might be thinking "What! You have not sold it yet"). Or wait for a few days to see what happens and maybe I can get some of my loss back? Am I just been "hopeful when I should be fearful" (ie, sell and get out ASAP)? Regards, tomas=20 __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.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_001_01C34C93.77585CEF Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene -=20 Did you mean to say "caution you to not trade WITHOUT a hard stop of = some limit=20 or another..."?
-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Thursday, July 17, 2003 1:38=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 BCGI big dip

Hi Tomas, sorry to hear of your bad = luck. I=20 have to caution you to not trade with a hard stop of some limit or = another....=20 I see it's now down to a 39% drop.... when does benign become=20 terminal?
 
Gene
 
----- Original Message -----
From:=20 Tomas=20
Sent: Thursday, July 17, 2003 = 1:28=20 PM
Subject: [CANSLIM] BCGI big = dip

Hi All,

I recently bought BCGI at BO on 07/08 = for=20 $18.89.
Good fundies and good CwH.  No real yellow flags = that
I=20 can see.  Yesterday on after hour trading, it went
down = about 33%=20 due to news on a potential lost of a
big customer (51% of = revenue). =20 Also, earnings release
yesterday was very good.  So, my = question is=20 should I
know this coming?  Maybe I missed some big=20 warning
signs.  Maybe I should have noticed the active=20 insider
selling the last few months.  Another other = warning
signs=20 that I would have noticed?  Or is this something
that you = cannot=20 protect from?  I am think there should
be enough warning = signs for=20 this king of thing.

Is might be another dumb question, should = I just=20 sell
it now (you might be thinking "What! You have not sold
it = yet").=20 Or wait for a few days to see what happens
and maybe I can get = some of my=20 loss back?  Am I just
been "hopeful when I should be = fearful" (ie,=20 sell and
get out ASAP)?


Regards,
tomas=20

__________________________________
Do you Yahoo!?
SBC = Yahoo!=20 DSL - Now only $29.95 per month!
http://sbc.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_001_01C34C93.77585CEF-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 17 Jul 2003 11:46:39 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] BCGI big dip Gene, I don't see this as a bad thing. This is another tuition fee. I look at it is way, I will make a lot of mistake. It is better to make the mistakes sooner than later (because I use less money now than later). I would like to get as much experience and lesson learn out of this as possible. On your second sentence, you are saying that I should put hard stop or stop limit on all my trades? tomas - --- Gene Ricci wrote: > Hi Tomas, sorry to hear of your bad luck. I have to > caution you to not trade with a hard stop of some > limit or another.... I see it's now down to a 39% > drop.... when does benign become terminal? > > Gene > > ----- Original Message ----- > From: Tomas > To: canslim canslim > Sent: Thursday, July 17, 2003 1:28 PM > Subject: [CANSLIM] BCGI big dip > > > Hi All, > > I recently bought BCGI at BO on 07/08 for $18.89. > Good fundies and good CwH. No real yellow flags > that > I can see. Yesterday on after hour trading, it > went > down about 33% due to news on a potential lost of > a > big customer (51% of revenue). Also, earnings > release > yesterday was very good. So, my question is > should I > know this coming? Maybe I missed some big warning > signs. Maybe I should have noticed the active > insider > selling the last few months. Another other > warning > signs that I would have noticed? Or is this > something > that you cannot protect from? I am think there > should > be enough warning signs for this king of thing. > > Is might be another dumb question, should I just > sell > it now (you might be thinking "What! You have not > sold > it yet"). Or wait for a few days to see what > happens > and maybe I can get some of my loss back? Am I > just > been "hopeful when I should be fearful" (ie, sell > and > get out ASAP)? > > > Regards, > tomas > > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! > http://sbc.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!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 17 Jul 2003 13:49:04 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] BCGI big dip This is a multi-part message in MIME format. - ------=_NextPart_000_06A0_01C34C6A.2F6FB440 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly, heck yes... thanks... ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 17, 2003 1:44 PM Subject: RE: [CANSLIM] BCGI big dip Gene - Did you mean to say "caution you to not trade WITHOUT a hard = stop of some limit or another..."? -----Original Message----- From: Gene Ricci [mailto:genr@swbell.net] Sent: Thursday, July 17, 2003 1:38 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] BCGI big dip Hi Tomas, sorry to hear of your bad luck. I have to caution you to = not trade with a hard stop of some limit or another.... I see it's now = down to a 39% drop.... when does benign become terminal? Gene ----- Original Message -----=20 From: Tomas=20 To: canslim canslim=20 Sent: Thursday, July 17, 2003 1:28 PM Subject: [CANSLIM] BCGI big dip Hi All, I recently bought BCGI at BO on 07/08 for $18.89.=20 Good fundies and good CwH. No real yellow flags that I can see. Yesterday on after hour trading, it went down about 33% due to news on a potential lost of a big customer (51% of revenue). Also, earnings release yesterday was very good. So, my question is should I know this coming? Maybe I missed some big warning signs. Maybe I should have noticed the active insider selling the last few months. Another other warning signs that I would have noticed? Or is this something that you cannot protect from? I am think there should be enough warning signs for this king of thing. Is might be another dumb question, should I just sell it now (you might be thinking "What! You have not sold it yet"). Or wait for a few days to see what happens and maybe I can get some of my loss back? Am I just been "hopeful when I should be fearful" (ie, sell and get out ASAP)? Regards, tomas=20 __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.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_06A0_01C34C6A.2F6FB440 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly, heck yes... = thanks...
 
 
----- Original Message -----
From:=20 Kelly Short
Sent: Thursday, July 17, 2003 = 1:44=20 PM
Subject: RE: [CANSLIM] BCGI big = dip

Gene=20 - Did you mean to say "caution you to not trade WITHOUT a hard stop of = some=20 limit or another..."?
-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Thursday, July 17, 2003 = 1:38=20 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] BCGI big dip

Hi Tomas, sorry to hear of your = bad luck. I=20 have to caution you to not trade with a hard stop of some limit or=20 another.... I see it's now down to a 39% drop.... when does benign = become=20 terminal?
 
Gene
 
----- Original Message ----- =
From:=20 Tomas=20
To: canslim canslim =
Sent: Thursday, July 17, = 2003 1:28=20 PM
Subject: [CANSLIM] BCGI big = dip

Hi All,

I recently bought BCGI at BO on = 07/08 for=20 $18.89.
Good fundies and good CwH.  No real yellow flags=20 that
I can see.  Yesterday on after hour trading, it = went
down=20 about 33% due to news on a potential lost of a
big customer = (51% of=20 revenue).  Also, earnings release
yesterday was very = good. =20 So, my question is should I
know this coming?  Maybe I = missed some=20 big warning
signs.  Maybe I should have noticed the active = insider
selling the last few months.  Another other=20 warning
signs that I would have noticed?  Or is this=20 something
that you cannot protect from?  I am think there=20 should
be enough warning signs for this king of = thing.

Is might=20 be another dumb question, should I just sell
it now (you might = be=20 thinking "What! You have not sold
it yet"). Or wait for a few = days to=20 see what happens
and maybe I can get some of my loss = back?  Am I=20 just
been "hopeful when I should be fearful" (ie, sell = and
get out=20 ASAP)?


Regards,
tomas=20

__________________________________
Do you = Yahoo!?
SBC Yahoo!=20 DSL - Now only $29.95 per month!
http://sbc.yahoo.com

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
- ------=_NextPart_000_06A0_01C34C6A.2F6FB440-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 17 Jul 2003 15:01:36 -0400 From: "Jeff Bogatay" Subject: RE: [CANSLIM] BCGI big dip Does the island reversal that kicked off the left side of the cup have any implications to canslim? The failed bottoming patterns? (I see a failed double bottom transforming into a failed inverse head & shoulders bottom) That large spinning top the day before the big drop looks a bit ominous as well. I agree with Gene. One of the purposes of hard stops is to remove emotions from the equation. Seems like you are in "hope" mode. Not a good place to be. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas Sent: Thursday, July 17, 2003 2:47 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] BCGI big dip Gene, I don't see this as a bad thing. This is another tuition fee. I look at it is way, I will make a lot of mistake. It is better to make the mistakes sooner than later (because I use less money now than later). I would like to get as much experience and lesson learn out of this as possible. On your second sentence, you are saying that I should put hard stop or stop limit on all my trades? tomas - --- Gene Ricci wrote: > Hi Tomas, sorry to hear of your bad luck. I have to > caution you to not trade with a hard stop of some > limit or another.... I see it's now down to a 39% > drop.... when does benign become terminal? > > Gene > > ----- Original Message ----- > From: Tomas > To: canslim canslim > Sent: Thursday, July 17, 2003 1:28 PM > Subject: [CANSLIM] BCGI big dip > > > Hi All, > > I recently bought BCGI at BO on 07/08 for $18.89. > Good fundies and good CwH. No real yellow flags > that > I can see. Yesterday on after hour trading, it > went > down about 33% due to news on a potential lost of > a > big customer (51% of revenue). Also, earnings > release > yesterday was very good. So, my question is > should I > know this coming? Maybe I missed some big warning > signs. Maybe I should have noticed the active > insider > selling the last few months. Another other > warning > signs that I would have noticed? Or is this > something > that you cannot protect from? I am think there > should > be enough warning signs for this king of thing. > > Is might be another dumb question, should I just > sell > it now (you might be thinking "What! You have not > sold > it yet"). Or wait for a few days to see what > happens > and maybe I can get some of my loss back? Am I > just > been "hopeful when I should be fearful" (ie, sell > and > get out ASAP)? > > > Regards, > tomas > > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! > http://sbc.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!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 17 Jul 2003 14:19:17 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] BCGI big dip This is a multi-part message in MIME format. - ------=_NextPart_000_06C9_01C34C6E.687F1BA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tomas, yes.... a hard stop of some kind.... 7-8% too tight, use 15 or 20 = or 25%.... something. One of the above would have saved you at least a = dollar. Ah TUITION.... if you just want proof I have a box full of 2001 and = early 2002 trades that cost me enough tuition to own the school .... = all because I didn't use the following three rules: 1) Always use protective stops when you enter a new position to limit = your theoretical risk on each trade.... theoretical risk =3D distance = between entry price and 'open protective stop"... 2) Use Trailing stops to lock in profits as a trade moves in your favor 3) Use 'creeping commitment' to start with a small position and build to = a larger one as your trailing stop eliminates your risk to initial = capital My daily routine: let my profits run on any position until it's: 1. over-valued 2. over-owned 3. stopped out - trailing stop It took me a long time (too long) to get the grasp that it requires a = stock to double in price to recover a 50% loss. AND, after suffering a = loss, where the best place is to recover that loss.... wait for the = stock to recover ... or find a better stock to buy... Gene ----- Original Message -----=20 From: Tomas=20 To: canslim@lists.xmission.com=20 Sent: Thursday, July 17, 2003 1:46 PM Subject: Re: [CANSLIM] BCGI big dip Gene, I don't see this as a bad thing. This is another tuition fee. I look at it is way, I will make a lot of mistake. It is better to make the mistakes sooner than later (because I use less money now than later). I would like to get as much experience and lesson learn out of this as possible. On your second sentence, you are saying that I should put hard stop or stop limit on all my trades? tomas --- Gene Ricci wrote: > Hi Tomas, sorry to hear of your bad luck. I have to > caution you to not trade with a hard stop of some > limit or another.... I see it's now down to a 39% > drop.... when does benign become terminal? >=20 > Gene >=20 > ----- Original Message -----=20 > From: Tomas=20 > To: canslim canslim=20 > Sent: Thursday, July 17, 2003 1:28 PM > Subject: [CANSLIM] BCGI big dip >=20 >=20 > Hi All, >=20 > I recently bought BCGI at BO on 07/08 for $18.89.=20 > Good fundies and good CwH. No real yellow flags > that > I can see. Yesterday on after hour trading, it > went > down about 33% due to news on a potential lost of > a > big customer (51% of revenue). Also, earnings > release > yesterday was very good. So, my question is > should I > know this coming? Maybe I missed some big warning > signs. Maybe I should have noticed the active > insider > selling the last few months. Another other > warning > signs that I would have noticed? Or is this > something > that you cannot protect from? I am think there > should > be enough warning signs for this king of thing. >=20 > Is might be another dumb question, should I just > sell > it now (you might be thinking "What! You have not > sold > it yet"). Or wait for a few days to see what > happens > and maybe I can get some of my loss back? Am I > just > been "hopeful when I should be fearful" (ie, sell > and > get out ASAP)? >=20 >=20 > Regards, > tomas=20 >=20 > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! > http://sbc.yahoo.com >=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 __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.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_06C9_01C34C6E.687F1BA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tomas, yes.... a hard stop of some = kind.... 7-8%=20 too tight, use 15 or 20 or 25%.... something. One of the above would = have saved=20 you at least a dollar.
 
Ah TUITION.... if you just want proof = I have a=20 box full of 2001 and early  2002 trades that cost me enough tuition = to own=20 the school .... all because I didn't use the following three=20 rules:
 
1) Always use protective stops when = you enter a=20 new position to limit your theoretical risk on each trade.... = theoretical risk =3D=20 distance between entry price and 'open protective stop"...
2) Use Trailing stops to lock in = profits as a=20 trade moves in your favor
3) Use 'creeping commitment' to start = with a=20 small position and build to a larger one as your trailing stop = eliminates your=20 risk to initial capital
 
My daily routine: let my profits run = on any=20 position until it's:
1. over-valued
2. over-owned
3. stopped out - trailing = stop
 
It took me a long time (too long) to = get the=20 grasp that it requires a stock to double in price to recover a 50% = loss. =20 AND, after suffering a loss, where the best place is to recover = that=20 loss.... wait for the stock to recover ... or find a better stock to=20 buy...
 
Gene
 
 
----- Original Message -----
From:=20 Tomas
Sent: Thursday, July 17, 2003 = 1:46=20 PM
Subject: Re: [CANSLIM] BCGI big = dip

Gene,  I don't see this as a bad thing.  This = is
another tuition fee.  I look at it is way, I will make
a = lot of=20 mistake.  It is better to make the mistakes
sooner than later = (because=20 I use less money now than
later).  I would like to get as much = experience and
lesson learn out of this as possible.

On your = second=20 sentence, you are saying that I should
put hard stop or stop limit = on all=20 my trades?

tomas

--- Gene Ricci <genr@swbell.net> wrote:
> = Hi Tomas,=20 sorry to hear of your bad luck. I have to
> caution you to not = trade=20 with a hard stop of some
> limit or another.... I see it's now = down to a=20 39%
> drop.... when does benign become terminal?
> =
>=20 Gene
>
>   ----- Original Message -----=20
>   From: Tomas
>   To: canslim = canslim=20
>   Sent: Thursday, July 17, 2003 1:28 = PM
>  =20 Subject: [CANSLIM] BCGI big dip
>
>
>   = Hi=20 All,
>
>   I recently bought BCGI at BO on = 07/08 for=20 $18.89.
>   Good fundies and good CwH.  No real = yellow=20 flags
> that
>   I can see.  Yesterday on = after=20 hour trading, it
> went
>   down about 33% due = to news=20 on a potential lost of
> a
>   big customer (51% = of=20 revenue).  Also, earnings
> release
>   = yesterday=20 was very good.  So, my question is
> should = I
>  =20 know this coming?  Maybe I missed some big = warning
>  =20 signs.  Maybe I should have noticed the active
>=20 insider
>   selling the last few months.  Another = other
> warning
>   signs that I would have=20 noticed?  Or is this
> something
>   that = you=20 cannot protect from?  I am think there
> = should
>  =20 be enough warning signs for this king of thing.
> =
>  =20 Is might be another dumb question, should I just
>=20 sell
>   it now (you might be thinking "What! You have = not
> sold
>   it yet"). Or wait for a few days = to see=20 what
> happens
>   and maybe I can get some of = my loss=20 back?  Am I
> just
>   been "hopeful when I = should=20 be fearful" (ie, sell
> and
>   get out = ASAP)?
>=20
>
>   Regards,
>   tomas =
>=20
>   = __________________________________
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