Re: [CANSLIM] sell rules help

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] sell rules help
Date: Fri, 30 Aug 2002 10:08:03 -0500

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Mike,

ooooooh, in this M I don't know if the "hold if it goes up fast" rule will
hold true.  Since 3/02 I have been burned several times in this same
situation.  And several members have posted the same sad occurrence.

That said, looks like at least some of the group is just pausing.  Looking
at the action on the competitors Katherine posted yesterday (UOPX, APOL,
CECO, EDMC, STRA and DV; thanks K!) it looks like some pausing is occurring
but not big selling.  Maybe set a moderately tight s/l (if you can't sit at
a computer) and hold on?  But I'm not holding and don't how much of your
port is tied up here; both variables would affect how I would react.  I
definitely would not let it erode below about a 10% profit; that would kill
my confidence<G>  Congrats and good luck.

Norm
- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Friday, August 30, 2002 9:13 AM
Subject: [CANSLIM] sell rules help


> Hi all,
>
> I know I asked about COCO yesterday, but now as of this morning, I am up
> 20% , and am thinking hard about selling at least some to lock in that
kind
> of profit.  However, it has grown to this point after only a week, so is
> that a sign of real strength, and therefore does it need to be held for at
> least 8 weeks?
>
> Help!
>
> Thanks
>
> 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
>
>
>
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