Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: [CANSLIM] watchlist / portfolio philosophy
Date: Thu, 17 Oct 2002 09:28:49 -0500
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All, At the risk of jinxing the latest breakout, I will ask this question, since it appears that M may finally be back, and that there are some sound stocks breaking out of nice bases, and sustaining the breakouts.... That having been said, I was wonder how all of you manage your watchlist. Say for instance you have built a list of 20 (is that too few or too many) stocks that you are interested in. You have noted the pivot points, and are waiting to see what happens. On a day to day basis, as you read IBD, or get an idea from some other source on a stock, and after doing some research, you decide that it could be added to your list, do you delete the worst stock on your current list to make room for the new one? In addition to having your watch list, say you have positions in a couple of stocks, that you bought at the correct breakout, and to date a couple have gone up 10-20%, and a couple are down less that 8%, or flat. All of your capital is now in the equities. Now, one of the stocks on your watch list breaks out on great volume...... Do you sell off the worst performer, to buy into the breakout, I guess the underlying question is how long do you hold a stock that you feel is sound, and has shown no sell signs, but yet is performing flat, or less powerfully than some of the newest breakout, Thanks for any thoughts, let's hope this latest rally sticks!!!! 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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