Re: [CANSLIM] stop losses and profits

From: "NANCY POLCARO" <zillagirl@msn.com>
Subject: Re: [CANSLIM] stop losses and profits
Date: Fri, 16 Aug 2002 11:00:01 -0700

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Great question Mike- Thanks Nancy


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