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

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] When to Sit and Wait and when to Sell
Date: Sat, 23 Aug 2003 12:01:29 -0500

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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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