Re: [CANSLIM] Intro...

From: Dave Cameron <dfcameron@yahoo.com>
Subject: Re: [CANSLIM] Intro...
Date: Thu, 28 Mar 2002 19:01:38 -0800 (PST)

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Welcome out of lurker mode.   To answer your question below; I
wouldn't worry about the traders manipulating the prices unless you
are buying in decent quantity.  

I've tried setting a mental note, and also tried entering a firm stop
loss.   I've found that by setting a mental note alone it is too easy
to rationalize keeping the stock.   Or, say it was down 6% from the
buy point at the start of the day - at the close, it might be down
16% - and now what could have been an 8% loss becomes twice that.  
Unless one can watch constantly, its often hard to sell at the right
time.

- --- jhs <jhs@chorus.net> wrote:
> 
> One question:  CANLIM dictates a sell when the price drops 8% below
> purchase
> cost (with some variation on the exact percentage).  Do most
> members write a
> stop loss order at the same time as the purchase order?  Or do you
> simply
> make a mental note and watch the market?  I ask this because I have
> been
> told that traders have access to the sell orders and at times may
> actually
> manipulate the prices to the point that they can dip down and pick
> off what
> is then a comparatively cheap stock.
> 

=====
Dave Cameron
dfcameron@yahoo.com

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