[CANSLIM] sell rules and chart reading

From: michael_niemotka@baxter.com
Subject: [CANSLIM] sell rules and chart reading
Date: Thu, 17 Apr 2003 12:34:41 -0500

Next Article (by Date): [CANSLIM] This rally/AVID? "Jonathan Lobatto"
Top of Thread: Re: [CANSLIM] sell rules and chart reading "Tom Worley"
Next in Thread: Re: [CANSLIM] sell rules and chart reading "Tom Worley"
Articles sorted by: [Date] [Author] [Subject]

Hi all,

I have a position in Marvel (MVL) and currently am sitting on a profit of
20% +. I am tempted to sell at least part of my position, since I have been
burned recently when a breakout stock gets hit hard and falls back. (I do
have a 10% trailing stop in place).

But, since the 20% gain had occurred within  first 3 weeks of my purchase,
my reading of WON says that I should hold on for at least 8 weeks.

Also, with the upcoming movie releases of X-men 2 and the Hulk, I would
certainly think that the upside for further gains in the near future looks
good.


Does anyone see anything on the chart that would lead them to any yellow or
red flags for selling now?

Thanks for any help

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.

Go to Jeff Salisbury LWGate Home Page.