Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] selling laggards
Date: Fri, 21 Mar 2003 08:26:11 -0800
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- ------=_NextPart_001_0000_01C2EF83.87F30480 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I see, thanks for taking the time Tom-Nancy - ----- Original Message ----- From: Tom Worley Sent: Friday, March 21, 2003 3:05 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] selling laggards 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 st= ill heading east, but now only trading between $22 and $24, I probably wo= uld 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 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_01C2EF83.87F30480 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <HTML><BODY BGCOLOR=3D"#ffffff" STYLE=3D"font:10pt verdana; border:none;b= ackground-color:#ffffff; "><DIV>I see, thanks for taking the time Tom-Nan= cy</DIV> <DIV> </DIV> <BLOCKQUOTE style=3D"PADDING-RIGHT: 0px; PADDI= NG-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RI= GHT: 0px"> <DIV style=3D"FONT: 10pt Arial">----- Original Message -----</= DIV> <DIV style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: black"><= B>From:</B> Tom Worley</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Sent:</B>= Friday, March 21, 2003 3:05 AM</DIV> <DIV style=3D"FONT: 10pt Arial"><B>= To:</B> canslim@lists.xmission.com</DIV> <DIV style=3D"FONT: 10pt Arial">= <B>Subject:</B> Re: [CANSLIM] selling laggards</DIV> <DIV> </DIV> <M= ETA content=3D"MSHTML 6.00.2800.1141" name=3DGENERATOR> <STYLE></STYLE> = <DIV><FONT face=3DArial size=3D3>Hi Nancy,</FONT></DIV> <DIV><FONT face=3D= Arial size=3D3></FONT> </DIV> <DIV><FONT face=3DArial size=3D3>Stock= is moving sideways, so picture a flat base heading east (one of my favor= ite 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 h= eading east, but now only trading between $22 and $24, I probably would r= aise my stop loss to $21.80 or so.</FONT></DIV> <DIV> </DIV> <DIV st= yle=3D"FONT: 10pt arial">----- Original Message ----- <DIV style=3D"BACK= GROUND: #e4e4e4; font-color: black"><B>From:</B> <A title=3DZILLAGIRL@msn= .com href=3D"mailto:ZILLAGIRL@msn.com">NANCY POLCARO</A> </DIV> <DIV><B>T= o:</B> <A title=3Dcanslim@lists.xmission.com href=3D"mailto:canslim@lists= .xmission.com">canslim</A> </DIV> <DIV><B>Sent:</B> Friday, March 21, 200= 3 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 tighten= ing up the trading range higher then my stop loss level. Cant pictu= re-is there a chart or something to explain? Thanks nancy</DIV> <DIV>&nbs= p;</DIV> <BLOCKQUOTE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARG= IN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV st= yle=3D"FONT: 10pt Arial">----- Original Message -----</DIV> <DIV style=3D= "BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: black"><B>From:</B> Tom Wo= rley</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Thursday, March 2= 0, 2003 7:04 PM</DIV> <DIV style=3D"FONT: 10pt Arial"><B>To:</B> <A 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 lag= gards</DIV> <DIV> </DIV>my typical limit is about 3 months, unless I= find something much more<BR>compelling and attractive. I will not usuall= y alter my stop loss criteria,<BR>so long as it's moving sideways, unless= it is tightening up the trading<BR>range considerably higher than my los= s level (since I want the stop loss set<BR>at the bottom of the base).<BR= ><BR>Many times, when I am getting weary of waiting for the breakout, I m= ay sell<BR>half the position and use that money for something that is mov= ing.<BR><BR>----- Original Message -----<BR>From: <michael_niemotka@ba= xter.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 rules<BR>for stocks in the CANSLIM system, but I was wonder= ing how long each of you<BR>hold onto a stock that is traveling sideways = after your purchase.<BR><BR>I know we have the 7-8% loss sell rule, but w= hat about a stock that is<BR>neither rising or falling?<BR><BR>Do you hav= e a timeframe maximum, ie, if I don't see a 5% rise after 6<BR>weeks, I a= m going to sell?<BR>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 sto= ck<BR>that is just forming a base on base pattern.<BR><BR>Also, I wish al= l of our troops overseas a safe and quick return home.<BR><BR>Thanks,<BR>= <BR>Mike<BR><BR><BR>Mike Niemotka , PE<BR>Sr. Principal Engineer<BR>Baxte= r Healthcare Corporation<BR>Route 120 & Wilson Road<BR>Round Lake, IL= 60073<BR>Tel (847) 270-4075<BR>Fax (847) 270-4525<BR>michael_niemotka@ba= xter.com<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@= xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"un= subscribe canslim". Do not use quotes in your email.<BR><BR><BR><BR= >-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In th= e email body, write "subscribe canslim" or<BR>-"unsubscribe canslim".&nbs= p; Do not use quotes in your email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY><= /HTML> - ------=_NextPart_001_0000_01C2EF83.87F30480-- - - - -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 Subject): RE: [CANSLIM] Thank You Katherine and Ed - OVTI "Gasta, Jeff"
Previous Article (by Subject): Re: [CANSLIM] more breakouts michael_niemotka@baxter.com
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