[CANSLIM] selling laggards

From: michael_niemotka@baxter.com
Subject: [CANSLIM] selling laggards
Date: Thu, 20 Mar 2003 14:30:59 -0600

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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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