[CANSLIM] Selling - its hard!

From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: [CANSLIM] Selling - its hard!
Date: Tue, 27 Aug 2002 16:59:15 -0500

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For those who read HTMMIS - you will notice the "how to sell" section,
outside the 8% rule, is at best grey.  Selling is THE most difficult
part of canslim especially after a stock has advanced 15%+  what I call
nowhere land.  What we do is sell 1/2 position, usually on a close only,
at specific technical levels.  For instance, we sold half our position
of DORL today around 41.83 - we did not wait for the close due to the
weakness of the market.  If we close below 40, we will sell the other
1/2.  The trouble is we bought DORL around 37.80 - off a "W" pattern,
could have been genius and sold half at 45 yesterday - almost a 20%
advance.  But the markets just won't give us anymore for the moment.
The one key to our management technique is "Position sizing and position
management"  We have learned that this is not an all or none game.  It's
okay to sell 1/2 of a position - thereby, if you happen to sell and the
stock turns around you have a place at the table.  Sorry, enough
rambling.

Ed Gjertsen II
ed@macktracks.com

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of David Rubin
Sent: Tuesday, August 27, 2002 3:22 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] CSTR

This topic has come up before. The consensus seems to be that you should
ignore intraday price swings when applying CANSLIM rules. I've been
kicked out of a stock in the morning only to watch it recover in the
afternoon and then never undercut the pivot again.

However, in the case of CSTR, clearly something is amiss, so it might be
an exception to the rule. The volume today was quite astounding.


- --
Dave 



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