Re: [CANSLIM] (CANSLIM) TBl and MATK

From: AJAskey@aol.com
Subject: Re: [CANSLIM] (CANSLIM) TBl and MATK
Date: Fri, 18 Apr 2003 22:53:36 EDT

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In a message dated 4/18/2003 6:25:24 PM Central Daylight Time, 
gagnonr001@hawaii.rr.com writes:

> As I told you earlier I am a novice.  The only thing that motivated me to
> sell was the $15,000+++ profit and nothing else.  I have been burned so
> many times in the past (nonCANSLIM) seeing a stock go up and waiting for
> more profit or not wanting to sell becuz of taxes that I decided this time
> I would take my profit and run.  There maybe more money to be made but I
> was scared. 

Roger,

Congrats on your gains.  You comments are interesting about being scared as I 
think it was Jesse Livermore who said people are "scared when they should be 
hopeful and hopeful when they should be scared".  (I believe it was cited in 
HTMMIS also.)

The question I have is are you going to put that original investment plus the 
$15,000 into another good looking stock any time soon?  If you take the 
profits and pay off a auto loan or something like that then you did the right 
thing.  If you buy a different stock next week with that money then your 
logic is flawed.  Your money was much more safe in a proven winner than in an 
unproven stock just breaking out.  It doesn't always feel that way but those 
who let their winners run make out better than those who constantly take 
partial profits and try to find a stock as good as the one they just sold.  
Again, I believe it was Jesse Livermore who said he made the most gains while 
sitting and waiting instead of always getting in and out.

Andy

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<HTML><FONT FACE=3Darial,helvetica><FONT  SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=
=3D"Arial" LANG=3D"0">In a message dated 4/18/2003 6:25:24 PM Central Daylig=
ht Time, gagnonr001@hawaii.rr.com writes:<BR>
<BR>
<BLOCKQUOTE TYPE=3DCITE style=3D"BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT=
: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">As I told you earlier I am a no=
vice.&nbsp; The only thing that motivated me to<BR>
sell was the $15,000+++ profit and nothing else.&nbsp; I have been burned so=
<BR>
many times in the past (nonCANSLIM) seeing a stock go up and waiting for<BR>
more profit or not wanting to sell becuz of taxes that I decided this time<B=
R>
I would take my profit and run.&nbsp; There maybe more money to be made but=20=
I<BR>
was scared. </BLOCKQUOTE><BR>
<BR>
Roger,<BR>
<BR>
Congrats on your gains.&nbsp; You comments are interesting about being scare=
d as I think it was Jesse Livermore who said people are "scared when they sh=
ould be hopeful and hopeful when they should be scared".&nbsp; (I believe it=
 was cited in HTMMIS also.)<BR>
<BR>
The question I have is are you going to put that original investment plus th=
e $15,000 into another good looking stock any time soon?&nbsp; If you take t=
he profits and pay off a auto loan or something like that then you did the r=
ight thing.&nbsp; If you buy a different stock next week with that money the=
n your logic is flawed.&nbsp; Your money was much more safe in a proven winn=
er than in an unproven stock just breaking out.&nbsp; It doesn't always feel=
 that way but those who let their winners run make out better than those who=
 constantly take partial profits and try to find a stock as good as the one=20=
they just sold.&nbsp; Again, I believe it was Jesse Livermore who said he ma=
de the most gains while sitting and waiting instead of always getting in and=
 out.<BR>
<BR>
Andy</FONT></HTML>

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