Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] TUES
Date: Tue, 2 Sep 2003 12:25:39 -0500
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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.
>
>
>
>
>
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