From:=20
RWElmer@aol.com=20
Sent: Saturday, July 19, 2003 =
6:19=20
PM
Subject: Re: [CANSLIM] =
VectorVest=20
Comments Please
Hello Roger,
I have been a VectorVest user =
for about=20
three years now and it has put me in full control of my investing. I =
love the=20
program, and especially love the new version. However, if it's within =
your=20
budget, I think the services that I've seen offered at www.cwhcharts.com (I believe =
that it's now=20
called www.breakoutwatch.com),might=20
be more immediately productive for a CANSLIM investor, as it is =
aligned=20
specifically toward this methodology. You can replicate some of the =
CANSLIM=20
characteristics with VV but it requires either alot of thought and =
refining to=20
do so, or an experienced user who has alot of the tricks down already, =
which=20
is what I was fortunate enough to run across. Even so, there are some =
parts of=20
CANSLIM you'll never be able to approximate with VV.
I tend to =
use=20
some CANSLIM concepts, especially on the fundamental side of =
research,=20
but prefer buying off of oversold bounces, as opposed to breakouts.=20
Additionally, I like to make up my own sorts in VectorVest depending =
on what=20
Market conditions prevail. The greatest thing about VectorVest to me =
may also=20
be it's biggest turn off to a new user who is not inclined towards =
tinkering.=20
That is that VV gives you awesome flexibility as to how you want to =
approach=20
the Market and gives you the tools to explore your insights to your =
heart's=20
content. This can be a bit daunting or discouraging to some, =
especially if=20
they try some of VV's "canned" strategies first and find them to be =
less than=20
inspiring. I love this flexibility myself, but for a person looking =
for a=20
proven approach that almost automatically focuses you in on the right =
stocks=20
at the right time, then www.breakoutwatch.com is probably a =
better=20
answer.
Disclosure: I am not a subscriber to www.breakoutwatch.com nor do I =
receive any=20
compensation for recommending it. I was fortunate enough to be asked =
to review=20
it, however, and I was delighted with the tools they've developed for =
CANSLIM=20
investors. The reviews I've seen on this Board for the product from=20
subscribers indicates others feel this way as well.
Hope that=20
helps.
Robert W. Elmer
Coldwell Banker First =
Shasta
2837=20
Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com=20
- ------=_NextPart_000_000D_01C34E41.49542D40--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
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- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Sun, 20 Jul 2003 14:23:41 EDT
From: Spencer48@aol.com
Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot
Dave & John:
I agree with Katherine. Putting money in BE would be a risky venture,=20
under the CANSLIM protocol. =20
Not only is its earnings for the last 5 years volatile (to say the=20
least), but there is too much overhead resistance to-in my opinion-make it=20
acceptable (even though it has made a nice base with a rising 200 and 50 DMA=
. =20
Additonally, the volume on its bottoms are nice and the price of the stock i=
n=20
relation to its 2 Moving Averages bodes that the stock is short term strong)=
.
However, the downside overtakes the upsides: Specifically, the number o=
f=20
funds (according to DGO) investing in BE is declining. Also, the Mgt/Fund=20
ratio (funds hold 27% of the stock, while management holds only 1%) is 27.=20=
=20
And, as I mentioned, the earnings are anything but CANSLIMMISH. =20
Although, the industry is fine, to me this stock seems a laggard in its=
=20
industry. At the most, I believe it will go up to 12=BD before pausing, and=
=20
with the weakness that the Mkt. appears to be signaling, the pause in BE cou=
ld=20
become a freefall back to its 2nd bottom of 6.
jans
In a message dated 7/18/2003 12:24:28 PM Eastern Daylight Time,=20
kmalm@earthlink.net writes:
<< While BE provided entry points closer to its bottom, I don't think it's
provided a comfortable CANSLIM intermediate/term entry point just yet.
Entries on pullbacks would then be a riskier venture, though highly do-able=
.
If willing to take on the risk, I would look to the general price action
itself to find a pullback entry much closer to the bottom of a logical
support area if entering while the stock's still forming a more convincing
RHS. If the market rolls over, then an entry here makes it easier to
determine if the stock is going to roll over by itself or in response to
generally weak market action.
>>
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- -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: Sun, 20 Jul 2003 22:10:30 -0700
From: "John Calkins"
Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot
I guess I'm missing something here. BE broke out on BreakoutWatch last
Tuesday with a "relative" high rating following the WON screens with
"reasonable" right cup and handle scores. My question was not if this st=
ock
was a poor choice, because it was a good choice at the time it was bought.
My question somehow got lost in the advice of it shouldn't have been
purchaced in the first place, wich surprised the heck out of me because o=
f
where I got the information to buy it.
My question again is, now that I own it, I purchacesd BE just above the
pivot on Tuesday. It had pulled back on low
volume right away to my 7% mental stop and is sitting there. Again, I wi=
ll
sell if it falls below it, but this low volume has me hoping (you know
hoping when I should be fearing, fearing when I should be hoping). I do=
n't
mind a low volume pullback above the pivot. I get a little lost in this
grey area between the pivot an the stop loss. Should I be hoping or fear=
ing
what the volume action is doing with this low volume pull back or shoud I
wait a bit for a high volume pull back to pull the plug?
Getting back to the selecting of BE to purchace, it was rated number 21 o=
ut
of 50 for the days CE score. If I'm so wrong for selecting this stock to
purchace, should I stick to the top 10 or top 5 or a CE score of 17 of 18.
If someone has some suggestions on tightening up my screens maybe this is
where I indeed need the advice so that I'm not stuck with these types of
decisions to make. Maybe my alerts will signal me once a month instead o=
f
once a week for a possible buy??
JC
- ----- Original Message -----
From:
To:
Sent: Sunday, July 20, 2003 11:23 AM
Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot
> Dave & John:
>
> I agree with Katherine. Putting money in BE would be a risky
venture,
> under the CANSLIM protocol.
>
> Not only is its earnings for the last 5 years volatile (to say the
> least), but there is too much overhead resistance to-in my opinion-make=
it
> acceptable (even though it has made a nice base with a rising 200 and 5=
0
DMA.
> Additonally, the volume on its bottoms are nice and the price of the st=
ock
in
> relation to its 2 Moving Averages bodes that the stock is short term
strong).
>
> However, the downside overtakes the upsides: Specifically, the num=
ber
of
> funds (according to DGO) investing in BE is declining. Also, the Mgt/F=
und
> ratio (funds hold 27% of the stock, while management holds only 1%) is
27.
> And, as I mentioned, the earnings are anything but CANSLIMMISH.
>
> Although, the industry is fine, to me this stock seems a laggard i=
n
its
> industry. At the most, I believe it will go up to 12=BD before pausing=
, and
> with the weakness that the Mkt. appears to be signaling, the pause in B=
E
could
> become a freefall back to its 2nd bottom of 6.
>
> jans
>
>
>
> In a message dated 7/18/2003 12:24:28 PM Eastern Daylight Time,
> kmalm@earthlink.net writes:
>
> << While BE provided entry points closer to its bottom, I don't think i=
t's
> provided a comfortable CANSLIM intermediate/term entry point just yet.
> Entries on pullbacks would then be a riskier venture, though highly
do-able.
> If willing to take on the risk, I would look to the general price acti=
on
> itself to find a pullback entry much closer to the bottom of a logical
> support area if entering while the stock's still forming a more
convincing
> RHS. If the market rolls over, then an entry here makes it easier to
> determine if the stock is going to roll over by itself or in response =
to
> generally weak market action.
> >>
>
> -
> -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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------------------------------
End of canslim-digest V2 #3436
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