Re: [CANSLIM] selling laggards

From: "Jonathan Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] selling laggards
Date: Thu, 20 Mar 2003 16:21:50 -0500

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Mike,

In a strong market I'd be highly suspicious of a stock that didn't move for
six weeks. One thing you should be monitoring is the volume during the
basing period. If it's heavy volume (churning) with a bias towards the down
days, I'd be tempted to jettison it.

Jon
- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, March 20, 2003 3:30 PM
Subject: [CANSLIM] selling laggards


> Hello all,
>
> I know that we all try and study, and implement strong buy and sell rules
> for stocks in the CANSLIM system, but I was wondering how long each of you
> hold onto a stock that is traveling sideways after your purchase.
>
> I know we have the 7-8% loss sell rule, but what about a stock that is
> neither rising or falling?
>
> Do you have a timeframe maximum, ie, if I don't see a 5% rise after 6
> weeks, I am going to sell?
> Do you set a break even sell point if it has risen a little?
> Do you set a tighter stop loss, say 5-6% rather than 7-8%?
>
> I am wondering about how to free up capital, without abandoning a stock
> that is just forming a base on base pattern.
>
> Also, I wish all of our troops overseas a safe and quick return home.
>
> 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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