Go to Jeff Salisbury LWGate Home Page.From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: [CANSLIM] POSS
Date: Wed, 19 Feb 2003 11:12:43 -0600
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A review of Katherine's comments is very timely. POSS is a position we
held and eventually sold for a 3% loss. Our position size for the stock
was less than 4% of the portfolio - net loss is a little over a tenth of
a percent. For those lurking in the shadows this is a great case in
where cutting your losses early is key. Possis gapped down after
earnings and only briefly halted before trading in the $15 dollar range
now. OUCH. But, again this is where cutting your losers and holding
winners is the only way to go. We still hold EBAY and GRMN and are on
the prowl for more. Again as Katherine has pointed out, POSS group was
weak and continued to weaken. Our view - market is not ready to take
off yet. Money is still rotating from group to group looking for
profits. Keep your saws sharp.
Ed Gjertsen II
ed@macktracks.com
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<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2
face=3D"Times New Roman"><span style=3D'font-size:10.0pt'>A review of =
Katherine's
comments is very timely. POSS is a position we held and eventually =
sold
for a 3% loss. Our position size for the stock was less than 4% of =
the
portfolio - net loss is a little over a tenth of a percent. For =
those
lurking in the shadows this is a great case in where cutting your losses =
early
is key. Possis gapped down after earnings and only briefly halted =
before
trading in the $15 dollar range now. OUCH. But, again this =
is where
cutting your losers and holding winners is the only way to go. We =
still
hold EBAY and GRMN and are on the prowl for more. Again as =
Katherine has
pointed out, POSS group was weak and continued to weaken. Our view =
- -
market is not ready to take off yet. Money is still rotating from =
group
to group looking for profits. Keep your saws sharp. =
</span></font></p>
<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:10.0pt'> </span></font></p>
<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2
face=3D"Times New Roman"><span style=3D'font-size:10.0pt'> Ed =
Gjertsen II</span></font></p>
<p class=3DMsoNormal style=3D'text-autospace:none'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:10.0pt'>ed@macktracks.com</span></font></p>
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style=3D'font-size:10.0pt'> </span></font></p>
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12.0pt'> </span></font></p>
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