Go to Jeff Salisbury LWGate Home Page.From: "Gasta, Jeff" <Jeff.Gasta@marriott.com>
Subject: RE: [CANSLIM] Thank You Katherine and Ed - OVTI
Date: Fri, 21 Mar 2003 11:41:48 -0500
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Tom, thanks a million for your great 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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- -----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Thursday, March 20, 2003 10:05 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Thank You Katherine and Ed - OVTI
Jeffrey, the normal procedure I use is to leave the stop loss unchanged
until I am up at least 15%. At that point, I raise my limit to my original
entry point (or average price if multiple purchases). After that, I try to
use a trailing stop 15% below the prior day (sometimes the closing price,
sometimes the intraday high, depends on the chart, stock, fundies, how badly
I want to take profits, etc.)
Of course, once raised, the stop loss should NEVER be lowered.
- ----- Original Message -----
From: Gasta, <mailto:Jeff.Gasta@marriott.com> Jeff
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Thursday, March 20, 2003 4:49 PM
Subject: [CANSLIM] Thank You Katherine and Ed - OVTI
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.
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.
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<div class=Section1>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Tom, thanks a million for your great
advice.</span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'> </span></font></p>
<div>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Jeffrey Gasta</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Telecommunications </span></font><font
size=1 color=navy face=Garamond><span style='font-size:8.0pt;font-family:Garamond;
color:navy'>Engineering</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Marriott International</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Voice: 301.380.6204</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>Fax: 301.380.8649</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>jeff.gasta@marriott.com</span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'> </span></font></p>
<p class=MsoAutoSig><font size=1 color=navy face=Garamond><span
style='font-size:8.0pt;font-family:Garamond;color:navy'>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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<p class=MsoNormal style='margin-left:.5in'><font size=2 face=Tahoma><span
style='font-size:10.0pt;font-family:Tahoma'>-----Original Message-----<br>
<b><span style='font-weight:bold'>From:</span></b> Tom Worley
[mailto:stkguru@bellsouth.net] <br>
<b><span style='font-weight:bold'>Sent:</span></b> Thursday, March 20, 2003
10:05 PM<br>
<b><span style='font-weight:bold'>To:</span></b> canslim@lists.xmission.com<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [CANSLIM] Thank You
Katherine and Ed - OVTI</span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face=Arial><span
style='font-size:12.0pt;font-family:Arial'>Jeffrey, the normal procedure I use
is to leave the stop loss unchanged until I am up at least 15%. At that point,
I raise my limit to my original entry point (or average price if multiple
purchases). After that, I try to use a trailing stop 15% below the prior day
(sometimes the closing price, sometimes the intraday high, depends on the
chart, stock, fundies, how badly I want to take profits, etc.)</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face=Arial><span
style='font-size:12.0pt;font-family:Arial'>Of course, once raised, the stop
loss should NEVER be lowered.</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>----- Original Message ----- </span></font></p>
<div style='font-color:black'>
<p class=MsoNormal style='margin-left:.5in;background:#E4E4E4'><b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> <a
href="mailto:Jeff.Gasta@marriott.com" title="Jeff.Gasta@marriott.com">Gasta,
Jeff</a> </span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> <a
href="mailto:canslim@lists.xmission.com" title="canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> Thursday, March
20, 2003 4:49 PM</span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> [CANSLIM]
Thank You Katherine and Ed - OVTI</span></font></p>
</div>
</div>
<div>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
</div>
<p class=MsoNormal style='margin-left:.5in'><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 style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoNormal style='margin-left:.5in'><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 style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoNormal style='margin-left:.5in'><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 style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoNormal style='margin-left:.5in'><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 style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Jeffrey Gasta</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Telecommunications Engineering</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Marriott International</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Voice: 301.380.6204</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>Fax: 301.380.8649</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=1 face=Garamond><span
style='font-size:8.0pt;font-family:Garamond'>jeff.gasta@marriott.com</span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></p>
<p class=MsoAutoSig style='margin-left:.5in'><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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