RE: [CANSLIM] When to Sit and Wait and when to Sell

From: "Lung Yien The" <ylung@alumni.engin.umich.edu>
Subject: RE: [CANSLIM] When to Sit and Wait and when to Sell
Date: Sun, 24 Aug 2003 00:05:12 -0400

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Thanks Katherine,

I am going to revise HTMMIS again on this subject. On the the subject,
is there any other technical signals that you like to use in order to
confirm your feelings about the stock?

yien

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Saturday, August 23, 2003 1:01 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] When to Sit and Wait and when to Sell



Hi Yien,

Before I make a purchase, I will always have a goal in mind for the
particular stock. In some cases, my goal is to make a quick 20-25% and
get out. Those adrenalin  monies are typically designated specifically
for adding oomph to the portfolio. Other stocks have not only a good
technical entry point, but more closely match the makings of "a good
stock." They are the ones I've typically spent more time with in due
diligence and I've ascertained that they have a certain something that
sets them apart from the crowd. As long as their action after the
breakout is sound and the stock is making steady progress with no sell
signals flashing, then I ride them out for what the market is willing to
serve up. These stocks that show pleasantly rising trends without a high
degree of volatility and extremist momentum action are often the ones
that make the very best gains. As long as my reason for owning them is
still valid, they stay in the portfolio.

Katherine


- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Yien T Lung
Sent: Friday, August 22, 2003 1:44 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] When to Sit and Wait and when to Sell


Hi people,

>From your experience, what do you guys do to a stock that has BO, but 
>has
not moved much or even come back to its original pivot point. I remember
Jesse Livermore saying that it was much more profitable to ride on your
trade than to cut your gains after a certain percentage gain. In other
words, what kind of criterias to look in order to tell if the stock you
bought is a winner - so stick with it,  or a dog - sell it or even go
short?


thanks
Yien


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