Re: [CANSLIM] cut your loses

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] cut your loses
Date: Fri, 18 Jan 2002 13:12:01 -0600
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Good point you're making, David. When the market is still iffy and =
transitioning bear to bull as it is, good stocks will get a run going, =
but we have to pay sharp attention to sell rules in order to capture =
profits on the move before the stocks turn tail and start over. Sticking =
with high quality stocks breaking out of well formed bases will also =
prevent us from even getting *into*  stocks that could trigger a =
potential stop loss, however small. I think the remainder of the quarter =
will be choppy at best, so finding stocks "proving themselves" *before* =
the breakout and continuing to prove themselves on the way up is going =
to be quite a challenge.

Katherine
  ----- Original Message -----=20
  From: david frank=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, January 16, 2002 1:51 PM
  Subject: [CANSLIM] cut your loses


  use to be a old saying in the 1970s when i traded commodities-to let =
your profits run and cut your loses short. when i married my wife in =
1980-i told her i loved small loses-when i got out of losing positions. =
she thought i was crazy. but now many years later we have everything we =
need and she understands. even the great one-WON-said recently in =
Dallas, Tx, that he dislikes all stocks-that they have to prove =
themselves. you can't show many stocks that have proved themselves in =
this market. david

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<DIV>Good point you're making, David. When the market is still iffy and=20
transitioning bear to bull as it is, good stocks will get a run going, =
but we=20
have to pay sharp attention to sell rules in order to capture profits on =
the=20
move before the stocks turn tail and start over. Sticking with high =
quality=20
stocks breaking out of well formed bases will also prevent us from even =
getting=20
*into*&nbsp; stocks that could trigger&nbsp;a potential stop loss, =
however=20
small. I think the remainder of the quarter will be choppy at best, so =
finding=20
stocks "proving themselves" *before* the breakout and continuing to =
prove=20
themselves on the way up is going to be quite a challenge.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</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=3Dcamelot.homes@charter.net=20
  href=3D"mailto:camelot.homes@charter.net">david frank</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> Wednesday, January 16, =
2002 1:51=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] cut your =
loses</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>use to be a old saying in =
the&nbsp;1970s when i=20
  traded commodities-to let your profits run and cut your loses short. =
when i=20
  married my wife in 1980-i told her i loved small loses-when i got out =
of=20
  losing positions. she thought i was crazy. but now many years later we =
have=20
  everything we need and she understands. even the great one-WON-said =
recently=20
  in Dallas, Tx, that he dislikes all stocks-that they have to prove =
themselves.=20
  you can't show many stocks that have proved themselves in this market. =

  david</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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