[CANSLIM] Back to stocks

From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: [CANSLIM] Back to stocks
Date: Thu, 10 Oct 2002 10:32:36 -0500

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Intellectual property rights is about a far off subject as you can get
on this discussion group. But, I can see both sides of the argument,
protection of proprietary information vs. 1st amendment rights.  We can
debate all day but for the moment, we all know WON's position.

Back to stocks.  Our list of candidates is growing.  Our view is that
this is a traders market; make 10%-20% - take some profits quickly, not
an entire liquidation but at least 50% of your profitable position.  The
prices of equities are once again moving similar to commodities, except
this time, on the downside.  Large gaps down and cascading prices make
the current environment treacherous for even the most seasoned
investor/trader. 

Be patient!  Take on one new position (at most) per week.  See if it
sticks (becomes profitable), then look to add new positions.  No one
initial position should be greater than 10% of your stake.  5% in these
market conditions would be preferable, with the thought of adding if
your trade became profitable.  If your 5% position hits an air pocket,
down say 15% in a day, that's less than a 1% hit to your overall
portfolio.  This is what has worked so well for us over the last three
years; it should work well for all of you as well.
 
Ed Gjertsen II
ed@macktracks.com


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