Re: [CANSLIM] Selling question

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] Selling question
Date: Tue, 2 Jul 2002 09:16:35 -0500
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Jon,

Still holding on to NCEN?  Since it has been coming down, I am thinking
about taking 1/2 off the table it if drops to a 10% gain....At least I
would have a little cash for the effort. Of course, I then could kick
myself for not having double the profits when it rises to 50% gain!!!


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


                                                                                                                            
                    "J. Lobatto"                                                                                            
                    <jlobatto@nyc.rr.com>         To:     canslim@lists.xmission.com                                        
                    Sent by:                      cc:                                                                       
                    owner-canslim@lists.xm        Subject:     Re: [CANSLIM] Selling question                               
                    ission.com                                                                                              
                                                                                                                            
                                                                                                                            
                    06/27/2002 04:13 PM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




I will sell half my position tomorrow if it rises...
BTW, please allow me to sell my position first before you place a trade!!

Jon
- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, June 27, 2002 4:53 PM
Subject: Re: [CANSLIM] Selling question


>
> Jon,
>
> Glad to see that misery has company!   I was kinda thinking about selling
> have of my position and banking the gain, and letting the other have
ride.
> I guess I must have abit of gambler in me, because going against WON, I
> have slightly extended by loss limit to 10%, rather that tightening to
5-6%
> as is sometimes recommended in bear markets.
>
> Now for the important question: what are YOU planning on doing?  With
> todays close, up 16.9%.
>
> Mike
>
>
> 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
>
>
>
>                     "J. Lobatto"
>                     <jlobatto@nyc.rr.com>         To:
canslim@lists.xmission.com
>                     Sent by:                      cc:
>                     owner-canslim@lists.xm        Subject:     Re:
[CANSLIM] Selling question
>                     ission.com
>
>

>                     06/27/2002 03:38 PM
>                     Please respond to
>                     canslim
>
>
>
>
>
>
> Mike,
>
> Having also bought NCEN recently, I have the same "problem". As a matter
of
> money management, NCEN dropped to an interday low of 26.4 after you
> purchased it which meant you were willing to tolerate a >9% loss in hopes
> of
> making a profit. If you're now willing to cash out at a 15% profit, I'd
say
> as a general rule, one can't make long term money after slippage,
> commissions etc with those parameters, because as a general rule, I
expect
> to be right about my trades less than 50% of the time. It's only by
holding
> out for profits greater than 25% ( and hopefully some 100% plus trades)
> that
> I can hope to be profitable in the long run. Having said this, it's a
nasty
> market and capital conservation is the name of the game. Not trying to be
> wishy-washy, but how about selling half your position now and raising
your
> stop on the remaining half?
>
> Jon
> ----- Original Message -----
> From: <michael_niemotka@baxter.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, June 27, 2002 3:35 PM
> Subject: [CANSLIM] Selling question
>
>
> > Okay CANSLIM experts...I bought NCEN on 6/10 at $29.25, and therefore
am
> > sitting on a 15% gain in a little over two weeks. Based on the M , do I
> > bank this nice little profit and sit tight and wait for another
> > opportunity, or do I follow WON's rule and NOT sell a stock that has
> risen
> > nicely in only a couple of weeks?
> >
> > To my eyes, the chart still looks good, IBD rates it an A+, RS is into
> new
> > high ground, housing still appears to be a safe haven...... Guess I'm
> > looking for an objective eye to give me a gut check.
> >
> > Thanks
> >
> >
> > 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
> >
> >
> >
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