Re: [CANSLIM] Watchlist size and selling stocks

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Watchlist size and selling stocks
Date: Tue, 28 May 2002 10:34:31 -0500
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Hi Mike,

About 40% of the time, a stock will pullback to the pivot before moving =
on. The question is whether the pullback is benign (low volume and/or =
choppy market backdrop) or worrisome (high volume and/or >=3D7-8% below =
the pivot).  Second point, is knowing when to hold something vs move on =
to something else. If after about 8 weeks the holding were significantly =
lagging the balance of your portfolio and/or the market, then it would =
seem prudent to move on. But, it makes sense to give a stock an =
opportunity to prove itself before giving up on it. If you think about =
it, this kind of "giving up" is the very "stocks in weak hands" behavior =
that creates the pullback. If the stock has oomph, institutions will use =
the opportunity to load up additional shares, right from your =
happy-to-unload-it hands.

Katherine
  ----- Original Message -----=20
  From: michael_niemotka@baxter.com=20
  To: canslim@lists.xmission.com=20
  Sent: Tuesday, May 28, 2002 9:14 AM
  Subject: [CANSLIM] Watchlist size and selling stocks


  Hi all,

  Here is a couple of questions:

  1. How large of a watch list do people typically track?
  2. How long do you hold onto a stock that you bought on an apparent
  breakout, that does not seem to be following thru?  I ask, because =
recently
  I got into PEET, and it seems to have stalled. and I am wondering if I
  should get out now with my 3% loss and find a better home for the =
capital,
  rather than waiting until I hit my 7% stop loss.

  Any thoughts?



  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


  -
  -To subscribe/unsubscribe, email "majordomo@xmission.com"
  -In the email body, write "subscribe canslim" or
  -"unsubscribe canslim".  Do not use quotes in your email.

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<BODY bgColor=3D#ffffff>
<DIV>Hi Mike,</DIV>
<DIV>&nbsp;</DIV>
<DIV>About 40% of the time, a stock will pullback to the pivot before =
moving on.=20
The question is whether the pullback is benign (low volume and/or choppy =
market=20
backdrop) or worrisome (high volume and/or &gt;=3D7-8% below the =
pivot).&nbsp;=20
Second point, is knowing when to hold something vs move on to something =
else. If=20
after about 8 weeks the holding were significantly lagging the balance =
of your=20
portfolio and/or the market, then it would seem prudent to move on. But, =
it=20
makes sense to give a stock an opportunity to prove itself before giving =
up on=20
it. If you think about it, this kind of "giving up" is the very "stocks =
in weak=20
hands" behavior that creates the pullback. If the stock has oomph, =
institutions=20
will use the opportunity to load up additional shares, right from your=20
happy-to-unload-it hands.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=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=3Dmichael_niemotka@baxter.com=20
  =
href=3D"mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</=
A>=20
  </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, May 28, 2002 =
9:14 AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Watchlist =
size and=20
  selling stocks</DIV>
  <DIV><BR></DIV>Hi all,<BR><BR>Here is a couple of questions:<BR><BR>1. =
How=20
  large of a watch list do people typically track?<BR>2. How long do you =
hold=20
  onto a stock that you bought on an apparent<BR>breakout, that does not =
seem to=20
  be following thru?&nbsp; I ask, because recently<BR>I got into PEET, =
and it=20
  seems to have stalled. and I am wondering if I<BR>should get out now =
with my=20
  3% loss and find a better home for the capital,<BR>rather than waiting =
until I=20
  hit my 7% stop loss.<BR><BR>Any thoughts?<BR><BR><BR><BR>Mike Niemotka =
,=20
  PE<BR>Sr. Principal Engineer<BR>Baxter Healthcare Corporation<BR>Route =
120=20
  &amp; Wilson Road<BR>Round Lake, IL 60073<BR>Tel (847) 270-4075<BR>Fax =
(847)=20
  270-4525<BR><A=20
  =
href=3D"mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</=
A><BR><BR><BR>-<BR>-To=20
  subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
  email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
  not use quotes in your email.</BLOCKQUOTE></BODY></HTML>

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