Go to Jeff Salisbury LWGate Home Page.From: Sol Mayer <smaye1211@yahoo.com>
Subject: Re: [CANSLIM] POSS
Date: Thu, 20 Feb 2003 11:57:49 -0800 (PST)
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Where did you get in on POSS and when and where did you get out?
"Edward W. Gjertsen II" <ed@macktracks.com> wrote:
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>Where did you get in on POSS and when and where did you get out?
<P> <B><I>"Edward W. Gjertsen II" <ed@macktracks.com></I></B> wrote:
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<P class=MsoNormal><FONT face="Times New Roman" size=2><SPAN style="FONT-SIZE: 10pt">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=MsoNormal><FONT face="Times New Roman" size=2><SPAN style="FONT-SIZE: 10pt"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face="Times New Roman" size=2><SPAN style="FONT-SIZE: 10pt"> Ed Gjertsen II</SPAN></FONT></P>
<P class=MsoNormal><FONT face="Times New Roman" size=2><SPAN style="FONT-SIZE: 10pt">ed@macktracks.com</SPAN></FONT></P>
<P class=MsoNormal><FONT face="Times New Roman" size=2><SPAN style="FONT-SIZE: 10pt"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face="Times New Roman" size=3><SPAN style="FONT-SIZE: 12pt"></SPAN></FONT> </P></DIV></BLOCKQUOTE><p><br><hr size=1>Do you Yahoo!?<br>
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