[CANSLIM] stop losses and profits

From: michael_niemotka@baxter.com
Subject: [CANSLIM] stop losses and profits
Date: Fri, 16 Aug 2002 09:17:51 -0500

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Group,

In reading WON, he makes a statement that you should never let a stock in
which you are up 10-15% turn into a loss, but I was wondering you have
interpreted that along with the sell at no more than an 8% loss rule.

Say you buy a stock, at a breakout, and it rises 10-15% over a few (6+
weeks), and then is started to correct....Do you sell at you break even
point, or do you allow it to go to your 8% loss point before selling?  This
is assuming that the stock is NOT giving any strong sell signals, but
appears to be pulling back "normally".

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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