Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] selling laggards
Date: Fri, 21 Mar 2003 06:02:17 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01C2EF6F.6D211C50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Nancy, Stock is moving sideways, so picture a flat base heading east (one of my = favorite chart patterns). If, when I bought it, the base (or handle) had = a $4 up/down range between $20 and $24, my stop loss would be set around = 19.75 or so, just under the base. If several months passed, and it was = still heading east, but now only trading between $22 and $24, I probably = would raise my stop loss to $21.80 or so. - ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Friday, March 21, 2003 12:05 AM Subject: Re: [CANSLIM] selling laggards Tom can you explain what you mean by tightening up the trading range = higher then my stop loss level. Cant picture-is there a chart or = something to explain? Thanks nancy ----- Original Message ----- From: Tom Worley Sent: Thursday, March 20, 2003 7:04 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] selling laggards my typical limit is about 3 months, unless I find something much more compelling and attractive. I will not usually alter my stop loss = criteria, so long as it's moving sideways, unless it is tightening up the = trading range considerably higher than my loss level (since I want the stop = loss set at the bottom of the base). Many times, when I am getting weary of waiting for the breakout, I may = sell half the position and use that money for something that is moving. ----- 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 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0006_01C2EF6F.6D211C50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1141" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY=20 style=3D"BORDER-RIGHT: medium none; BORDER-TOP: medium none; FONT: 10pt = verdana; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"=20 bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D3>Hi Nancy,</FONT></DIV> <DIV><FONT face=3DArial size=3D3></FONT> </DIV> <DIV><FONT face=3DArial size=3D3>Stock is moving sideways, so picture a = flat base=20 heading east (one of my favorite chart patterns). If, when I bought it, = the base=20 (or handle) had a $4 up/down range between $20 and $24, my stop loss = would be=20 set around 19.75 or so, just under the base. If several months passed, = and it=20 was still heading east, but now only trading between $22 and $24, I = probably=20 would raise my stop loss to $21.80 or so.</FONT></DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3DZILLAGIRL@msn.com href=3D"mailto:ZILLAGIRL@msn.com">NANCY = POLCARO</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim</A> </DIV> <DIV><B>Sent:</B> Friday, March 21, 2003 12:05 AM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] selling laggards</DIV></DIV> <DIV><BR></DIV> <DIV>Tom can you explain what you mean by tightening up the trading = range higher=20 then my stop loss level. Cant picture-is there a chart or = something to=20 explain? Thanks nancy</DIV> <DIV> </DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt Arial">----- Original Message -----</DIV> <DIV style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: = black"><B>From:</B>=20 Tom Worley</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Thursday, March 20, 2003 = 7:04=20 PM</DIV> <DIV style=3D"FONT: 10pt Arial"><B>To:</B> <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] selling=20 laggards</DIV> <DIV> </DIV>my typical limit is about 3 months, unless I find = something=20 much more<BR>compelling and attractive. I will not usually alter my = stop loss=20 criteria,<BR>so long as it's moving sideways, unless it is tightening = up the=20 trading<BR>range considerably higher than my loss level (since I want = the stop=20 loss set<BR>at the bottom of the base).<BR><BR>Many times, when I am = getting=20 weary of waiting for the breakout, I may sell<BR>half the position and = use=20 that money for something that is moving.<BR><BR>----- Original Message = -----<BR>From: <michael_niemotka@baxter.com><BR>To:=20 <canslim@lists.xmission.com><BR>Sent: Thursday, March 20, 2003 = 3:30=20 PM<BR>Subject: [CANSLIM] selling laggards<BR><BR><BR>Hello = all,<BR><BR>I know=20 that we all try and study, and implement strong buy and sell = rules<BR>for=20 stocks in the CANSLIM system, but I was wondering how long each of = you<BR>hold=20 onto a stock that is traveling sideways after your purchase.<BR><BR>I = know we=20 have the 7-8% loss sell rule, but what about a stock that = is<BR>neither rising=20 or falling?<BR><BR>Do you have a timeframe maximum, ie, if I don't see = a 5%=20 rise after 6<BR>weeks, I am going to sell?<BR>Do you set a break even = sell=20 point if it has risen a little?<BR>Do you set a tighter stop loss, say = 5-6%=20 rather than 7-8%?<BR><BR>I am wondering about how to free up capital, = without=20 abandoning a stock<BR>that is just forming a base on base=20 pattern.<BR><BR>Also, I wish all of our troops overseas a safe and = quick=20 return home.<BR><BR>Thanks,<BR><BR>Mike<BR><BR><BR>Mike Niemotka , = PE<BR>Sr.=20 Principal Engineer<BR>Baxter Healthcare Corporation<BR>Route 120 & = Wilson=20 Road<BR>Round Lake, IL 60073<BR>Tel (847) 270-4075<BR>Fax (847)=20 270-4525<BR>michael_niemotka@baxter.com<BR><BR><BR><BR>-<BR>-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email = body,=20 write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not = use=20 quotes in your email.<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"<BR>-In the email body, write "subscribe = canslim"=20 or<BR>-"unsubscribe canslim". Do not use quotes in your=20 email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0006_01C2EF6F.6D211C50-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] How important is low Institutional Ownership? "Tom Worley"
Previous Article (by Author): Re: [CANSLIM] Thank You Katherine and Ed - OVTI "Tom Worley"
Top of Thread: Re: [CANSLIM] selling laggards "NANCY POLCARO"
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