Re: [CANSLIM] Watchlist size and selling stocks


From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Watchlist size and selling stocks
Date: Tue, 28 May 2002 09:59:30 -0600

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PEET appears to be undergoing an orderly consolidation, if it pulls back under 
15.50 the low of the day it broke out and also well back into the base, that might be 
about the time to bail.  We are also in very iffy market conditions, so that would 
make me quick to exit anything that did not look right.

I quickly skip through charts of some of some of the tech leaders even though I may 
not be interested in buying them, and a watch list of maybe 40 or 50, I have not 
been finding much to follow for many months.

>   From: michael_niemotka@baxter.com 
>   To: canslim@lists.xmission.com 
>   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.


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