Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] selling laggards
Date: Thu, 20 Mar 2003 21:05:26 -0800
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- ------=_NextPart_001_0000_01C2EF24.6E06DD80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom can you explain what you mean by tightening up the trading range high= er then my stop loss level. Cant picture-is there a chart or something t= o 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 se= ll 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 yo= u 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_001_0000_01C2EF24.6E06DD80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <HTML><BODY STYLE=3D"font:10pt verdana; border:none;"><DIV>Tom can you ex= plain what you mean by tightening up the trading range higher then my sto= p loss level. Cant picture-is there a chart or something to explain= ? Thanks nancy</DIV> <DIV> </DIV> <BLOCKQUOTE style=3D"PADDING-RIGHT= : 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px soli= d; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt Arial">----- Original Mes= sage -----</DIV> <DIV style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COL= OR: black"><B>From:</B> Tom Worley</DIV> <DIV style=3D"FONT: 10pt Arial">= <B>Sent:</B> Thursday, March 20, 2003 7:04 PM</DIV> <DIV style=3D"FONT: 1= 0pt Arial"><B>To:</B> canslim@lists.xmission.com</DIV> <DIV style=3D"FONT= : 10pt Arial"><B>Subject:</B> Re: [CANSLIM] selling laggards</DIV> <DIV>&= nbsp;</DIV>my typical limit is about 3 months, unless I find something mu= ch more<BR>compelling and attractive. I will not usually alter my stop lo= ss criteria,<BR>so long as it's moving sideways, unless it is tightening = up the trading<BR>range considerably higher than my loss level (since I w= ant the stop loss set<BR>at the bottom of the base).<BR><BR>Many times, w= hen I am getting weary of waiting for the breakout, I may sell<BR>half th= e position and use that money for something that is moving.<BR><BR>----- = Original Message -----<BR>From: <michael_niemotka@baxter.com><BR>To= : <canslim@lists.xmission.com><BR>Sent: Thursday, March 20, 2003 3:= 30 PM<BR>Subject: [CANSLIM] selling laggards<BR><BR><BR>Hello all,<BR><BR= >I know that we all try and study, and implement strong buy and sell rule= s<BR>for stocks in the CANSLIM system, but I was wondering how long each = of you<BR>hold onto a stock that is traveling sideways after your purchas= e.<BR><BR>I know we have the 7-8% loss sell rule, but what about a stock = that is<BR>neither rising or falling?<BR><BR>Do you have a timeframe maxi= mum, ie, if I don't see a 5% rise after 6<BR>weeks, I am going to sell?<B= R>Do you set a break even sell point if it has risen a little?<BR>Do you = set a tighter stop loss, say 5-6% rather than 7-8%?<BR><BR>I am wondering= about how to free up capital, without abandoning a stock<BR>that is just= forming a base on base pattern.<BR><BR>Also, I wish all of our troops ov= erseas a safe and quick return home.<BR><BR>Thanks,<BR><BR>Mike<BR><BR><B= R>Mike Niemotka , PE<BR>Sr. Principal Engineer<BR>Baxter Healthcare Corpo= ration<BR>Route 120 & Wilson Road<BR>Round Lake, IL 60073<BR>Tel (847= ) 270-4075<BR>Fax (847) 270-4525<BR>michael_niemotka@baxter.com<BR><BR><B= R><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-= In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim"= . Do not use quotes in your email.<BR><BR><BR><BR>-<BR>-To subscrib= e/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, writ= e "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quot= es in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_001_0000_01C2EF24.6E06DD80-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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