Re: [CANSLIM] TUES

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] TUES
Date: Tue, 2 Sep 2003 10:18:34 -0700 (PDT)
Next Article (by Author): [CANSLIM] SLNK Yien T Lung
Previous Article (by Author): Re: [CANSLIM] SCSS Tomas
Top of Thread: Re: [CANSLIM] TUES Tomas
Next in Thread: Re: [CANSLIM] TUES "Dan Forant"
Articles sorted by: [Date] [Author] [Subject]
Mike,

Good points.  I think currently there is no clear sign
to sell, so, I will sit tight (hehe, hard to do) and
let the price/volume action tell me what to do.

tomas

- --- michael_niemotka@baxter.com wrote:
> 
> Personally, when I get up 20+% , I have been using a
> 10% trailing stop, so
> that I make sure I lock in at least some profits,
> but allow the stock some
> room to breathe.
> 
> However, on OVTI, which I owned a while back, that
> strategy backfired, as
> it dropped down after moving up that 20% in the
> first three weeks, and my
> conservative stop got me out with a 10% gain, rather
> than still being in
> for what turned out to be a double bagger.  Needless
> to say, I put a BIG
> note on the chart as to why that sell was a mistake.
> 
> Just make sure you take away something for the
> table, you should NEVER let
> a 20% gain turn into a loss.
> 
> Mike
> 
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
> 
> 
>                                                     
>                                                     
>                   
>                     Tomas                           
>                                                     
>                   
>                     <tomas986@yahoo.com>         To:
>     canslim@lists.xmission.com                      
>                   
>                     Sent by:                     cc:
>                                                     
>                   
>                     owner-canslim@lists.xm      
> Subject:     Re: [CANSLIM] TUES                     
>                       
>                     ission.com                      
>                                                     
>                   
>                                                     
>                                                     
>                   
>                                                     
>                                                     
>                   
>                     09/02/2003 12:07 PM             
>                                                     
>                   
>                     Please respond to               
>                                                     
>                   
>                     canslim                         
>                                                     
>                   
>                                                     
>                                                     
>                   
>                                                     
>                                                     
>                   
> 
> 
> 
> 
> The BO was on 7/31, a month ago.  So, border line
> here.
> 
> tomas
> 
> --- michael_niemotka@baxter.com wrote:
> >
> > How long did it take to get up 20%?  Remember WON
> > has a "rule" that says if
> > you are up 20% within the first 3 weeks from
> > purchase, then you "must" hold
> > the stock for 8 weeks.
> >
> > Mike
> >
> >
> > Mike Niemotka , PE
> > Sr. Principal Engineer
> > Baxter Healthcare Corporation
> > Route 120 & Wilson Road
> > Round Lake, IL 60073
> > Tel (847) 270-4075
> > Fax (847) 270-4525
> > michael_niemotka@baxter.com
> >
> >
> >
> >
> >
> >                     "Rick Rentler"
> >
> >
> >                     <techno1@adelphia.net>      
> To:
> >     canslim@lists.xmission.com
> >
> >                     Sent by:                    
> cc:
> >
> >
> >                     owner-canslim@lists.xm
> > Subject:     Re: [CANSLIM] TUES
> >
> >                     ission.com
> >
> >
> >
> >
> >
> >
> >
> >
> >                     09/02/2003 10:26 AM
> >
> >
> >                     Please respond to
> >
> >
> >                     canslim
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > If you stay tight to the rules, Oneil says "sell
> > when you're up 21% and
> > sell when you're down 7%, this allows you to be
> > right 3 times and wrong
> > once".
> >
> > -Rick R.
> >  ----- Original Message -----
> >  From: John P
> >  To: canslim@lists.xmission.com
> >  Sent: Tuesday, September 02, 2003 8:06 AM
> >  Subject: [CANSLIM] TUES
> >
> >  I bought TUES at the breakout and am up 20%. The
> > last several days the
> >  stock has been pulling back. I would be
> interested
> > in some of your views
> >  about when to sell. It is still ranked very high
> on
> > the IBD check up so I
> >  think this is a normal correction but I hate to
> see
> > the 20% decline,
> >  especially since I had another breakout the open
> > down 20% and all I had
> >  was a mental stop. :) As my kids say, OH WELL!
> >
> >  John P.
> >
> >
> >
> >
> >
> > -
> > -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!?
> Yahoo! SiteBuilder - Free, easy-to-use web site
> design software
> http://sitebuilder.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.
> 
=== message truncated ===


__________________________________
Do you Yahoo!?
Yahoo! SiteBuilder - Free, easy-to-use web site design software
http://sitebuilder.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.
Go to Jeff Salisbury LWGate Home Page.