[CANSLIM] Know your exit before you enter

From: Tomas <tomas986@yahoo.com>
Subject: [CANSLIM] Know your exit before you enter
Date: Tue, 26 Aug 2003 12:15:43 -0700 (PDT)

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Hi All,

I hear people say this a lot.  They always give advice
saying that you should know when you will exit a stock
when you buy the stock.  For me, I do not have that
mindset.  When I enter into a position, there is the
usually sell rule that I follow (ie... 7% loss, etc). 
However, I do not make up my mind at the entry point
to sell at the 20% profit markt.  For me, it all
depends on the price action (and the obvious market
condition).  If the stock is behaving well, I do not
sell it.  If it is not behaving well, I think about
selling it.  I do not have a specific exit point
beforehand.  So, am I missing something here?  

Reqgards,
tomas

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