Go to Jeff Salisbury LWGate Home Page.From: "Gasta, Jeff" <Jeff.Gasta@marriott.com>
Subject: [CANSLIM] Thank You Katherine and Ed - OVTI
Date: Thu, 20 Mar 2003 16:49:51 -0500
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Many thanks to Katherine and Ed for guidance on OVTI. It is my first
CANSLIM purchase and I'm up about 16% in one week.
Bought a small position of OVTI on 13 March at $19.95. Thanks to advice
from this board, I realized I had to have a sell rule, and immediately
placed a Stop Sell order at $18.40 (8% below my purchase price). Since
then I changed the Stop Sell order to $20. The past few days the stock has
been trading within a range from about 22.50 to 23.50. I'm sure I'm being
too anxious about this, but it is temping to raise my Stop Sell price higher
(perhaps to $22). I realize that by raising the sell order I risk selling
the stock too soon just because of normal price swings. Advice on how I
should think about this topic are appreciated.
Just an FYI related to the brokerage sell rules discussion. My account is
with ScottTrade. Last week I sold some stock, and then used cash from that
sale to purchase OVTI about 3 minutes later, but the dollar amounts were low
- - less than $1,000.
Thank you every one for your excellent advice.
Jeffrey Gasta
Telecommunications Engineering
Marriott International
Voice: 301.380.6204
Fax: 301.380.8649
jeff.gasta@marriott.com
This communication contains information from Marriott International, Inc.
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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Many thanks to Katherine and Ed for guidance on OVTI.
It is my first CANSLIM purchase and I’m up about 16% in one week.</span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Bought a small position of OVTI on 13 March at $19.95.
Thanks to advice from this board, I realized I had to have a sell rule, and
immediately placed a Stop Sell order at $18.40 (8% below my purchase
price). Since then I changed the Stop Sell order to
$20. The past few days the stock has been trading within a range from
about 22.50 to 23.50. I’m sure I’m being too anxious about
this, but it is temping to raise my Stop Sell price higher (perhaps to $22).
I realize that by raising the sell order I risk selling the stock too soon just
because of normal price swings. Advice on how I should think about this
topic are appreciated.</span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Just an FYI related to the brokerage sell rules
discussion. My account is with ScottTrade. Last week I sold some
stock, and then used cash from that sale to purchase OVTI about 3 minutes later,
but the dollar amounts were low – less than $1,000.</span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Thank you every one for your excellent advice.</span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font></p>
<p class=MsoAutoSig><font size=1 face=Garamond><span style='font-size:8.0pt;
font-family:Garamond'>Jeffrey Gasta</span></font></p>
<p class=MsoAutoSig><font size=1 face=Garamond><span style='font-size:8.0pt;
font-family:Garamond'>Telecommunications </span></font><font size=1
face=Garamond><span style='font-size:8.0pt;font-family:Garamond'>Engineering</span></font></p>
<p class=MsoAutoSig><font size=1 face=Garamond><span style='font-size:8.0pt;
font-family:Garamond'>Marriott International</span></font></p>
<p class=MsoAutoSig><font size=1 face=Garamond><span style='font-size:8.0pt;
font-family:Garamond'>Voice: 301.380.6204</span></font></p>
<p class=MsoAutoSig><font size=1 face=Garamond><span style='font-size:8.0pt;
font-family:Garamond'>Fax: 301.380.8649</span></font></p>
<p class=MsoAutoSig><font size=1 face=Garamond><span style='font-size:8.0pt;
font-family:Garamond'>jeff.gasta@marriott.com</span></font></p>
<p class=MsoAutoSig><font size=1 face=Garamond><span style='font-size:8.0pt;
font-family:Garamond'> </span></font></p>
<p class=MsoAutoSig><font size=1 face=Garamond><span style='font-size:8.0pt;
font-family:Garamond'>This communication contains information from Marriott
International, Inc. that may be confidential. Except for personal use by the
intended recipient, or as expressly authorized by the sender, any person who
receives this information is prohibited from disclosing, copying, distributing,
and/or using it. If you have received this communication in error, please
immediately delete it and all copies, and promptly notify the sender. Nothing
in this communication is intended to operate as an electronic signature under
applicable law.</span></font></p>
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