Re: [CANSLIM] Re:Entry purchase

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Re:Entry purchase
Date: Tue, 13 Aug 2002 20:45:00 -0600

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I think a good approximation is to put no more than 20% of your money into a single 
stock. O'Neil has some guidelines on this depending on your account size, I don't 
know them off the top of my head, but 20% would mean a max of 5 stocks, and 
that's pretty close to what he said.  Also, a comforting thing to consider is that with 
no more than 20% of your money in one stock, you are risking only 1.6% or so of 
your account on one stock if I am doing my math correctly (1/5 of 8% max loss on a 
stock).  So you can't get in too much trouble.  If the market is lousy, like now, you 
may want to scale back  below 20%.

On 13 Aug 2002 at 21:24, E2moskow@aol.com wrote:

> are good parameters to consider when making an entry purchase.  How many
> shares is it wise to buy.  This is a subject that hasn't been discussed,
> what is WON's idea as an entry? Morris
> 

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