Go to Jeff Salisbury LWGate Home Page.From: "Don Canfield" <canfieldd@mindspring.com>
Subject: Re: [CANSLIM] TUES
Date: Tue, 2 Sep 2003 14:23:11 -0400
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Pardon my laziness for not looking myself, but where can I find WON's 35 =
rules of profit-taking? I know I've probably read most of them one time =
or another, but I'd like a list...
Thanks,
Don
----- Original Message -----=20
From: Rick Rentler=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, September 02, 2003 12:16 PM
Subject: Re: [CANSLIM] TUES
Here is Bill O'Neil's updated rule: =20
Follow a strict stoploss policy. O'Neil suggests selling any stock =
that has dropped 7-8% below the price you paid. Do so automatically, no =
questions asked.
Sell stocks that have not risen 20% or more after 13 weeks. Hold those =
that have risen 20% in 4-5 weeks. These usually go on to be the biggest =
winners of all.
In the case of stocks you have held for some time, sell after any =
sudden and rapid climb of 25% or more in 1-2 weeks. This generally =
happens when good news or rosy publicity causes investors to become too =
enthusiastic about the stock. Take advantage by taking your profits. (In =
all, O'Neil lists 35 rules for profit-taking. Most of them are variants =
on the basic theme: 'Sell into strength'.)
-Rick R.
----- Original Message -----=20
From: DMC197807=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, September 02, 2003 8:36 AM
Subject: Re: [CANSLIM] TUES
Did he really say that? That phrase, as quoted, makes little sense =
to me. Of course you need to limit losses (throw in cards early on a =
bad hand and give away the ante), but sell when you're up 21%? What if =
the stock doubles? Or quadruples? Is that a real quote (inquiring =
minds) . . .
On TUES, this chart looks pretty strong and the recent consolidation =
looks to be nothing more than that. The volume looks great, I think it =
would be a mistake to sell here without some sort of violation of the =
trendline, an exhaustion gap or a broad market meltdown.
You could always put in a (mental or real) stop loss order at 32.93 =
to protect some of your profits and still hope to ride the stock higher.
DMC
----- Original Message -----=20
From: Rick Rentler=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, September 02, 2003 8:26 AM
Subject: Re: [CANSLIM] TUES
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 -----=20
From: John P=20
To: canslim@lists.xmission.com=20
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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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Pardon my laziness for not looking =
myself, but=20
where can I find WON's 35 rules of profit-taking? I know I've =
probably=20
read most of them one time or another, but I'd like a =
list...</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Don</FONT></DIV>
<DIV> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dtechno1@adelphia.net =
href=3D"mailto:techno1@adelphia.net">Rick=20
Rentler</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, September 02, =
2003 12:16=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TUES</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Here is Bill O'Neil's updated =
rule: =20
<P><STRONG class=3Dhighlight4>Follow a strict stoploss =
policy</STRONG>. O'Neil=20
suggests selling any stock that has dropped 7-8% below the price you =
paid. Do=20
so automatically, no questions asked.</P>
<P>Sell stocks that have not risen 20% or more after 13 weeks. Hold =
those that=20
have risen 20% in 4-5 weeks. These usually go on to be the biggest =
winners of=20
all.</P>
<P>In the case of stocks you have held for some time, sell after any =
sudden=20
and rapid climb of 25% or more in 1-2 weeks. This generally happens =
when good=20
news or rosy publicity causes investors to become too enthusiastic =
about the=20
stock. Take advantage by taking your profits. (In all, O'Neil lists 35 =
rules=20
for profit-taking. Most of them are variants on the basic theme: 'Sell =
into=20
strength'.)</P>
<P>-Rick R.</P>
<P> </P></FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddmc197807@comcast.net=20
href=3D"mailto:dmc197807@comcast.net">DMC197807</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, September 02, =
2003 8:36=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TUES</DIV>
<DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial=20
size=3D2></FONT><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Did he really say that? That =
phrase, as=20
quoted, makes little sense to me. Of course you need to limit =
losses=20
(throw in cards early on a bad hand and give away the ante), but =
sell when=20
you're up 21%? What if the stock doubles? Or =
quadruples? =20
Is that a real quote (inquiring minds) . . .</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>On TUES, this chart looks pretty =
strong and the=20
recent consolidation looks to be nothing more than that. The =
volume=20
looks great, I think it would be a mistake to sell here without some =
sort of=20
violation of the trendline, an exhaustion gap or a broad market=20
meltdown.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>You could always put in a (mental =
or real) stop=20
loss order at 32.93 to protect some of your profits and still hope =
to ride=20
the stock higher.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>DMC</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dtechno1@adelphia.net =
href=3D"mailto:techno1@adelphia.net">Rick=20
Rentler</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, September =
02, 2003=20
8:26 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
TUES</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>If you stay tight to the rules, =
Oneil says=20
"sell when you're up 21% and sell when you're down 7%, this allows =
you to=20
be right 3 times and wrong once".</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>-Rick R.</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Djmp23834@yahoo.com =
href=3D"mailto:jmp23834@yahoo.com">John P</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, September =
02, 2003=20
8:06 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
TUES</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I bought TUES at the breakout =
and am up=20
20%. The last several days the stock has been pulling back. I =
would be=20
interested in some of your views about when to sell. It is still =
ranked=20
very high on the IBD check up so I think this is a normal =
correction but=20
I hate to see the 20% decline, especially since I had another =
breakout=20
the open down 20% and all I had was a mental stop. :) As my kids =
say, OH=20
WELL!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>John=20
=
P.</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY=
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Next Article (by Subject): Re: [CANSLIM] TUES "Dan Forant"
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