RE: [CANSLIM] M and positions

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] M and positions
Date: Mon, 2 Jun 2003 15:17:56 -0500

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Hi Mike,

I don't agree that a sell decision should be based on the RSLine alone. I
would look for other warning signs in combination with divergence, i.e. the
stock is rising while the RSLine is declining.

In GRMN's case, the RSLine is tracking sideways and the underlying rising
RSLine trend is still intact.

http://www.cwhcharts.com/katherine/GRMN060203.JPG

Here's a close-up of the last 3 months.

http://www.cwhcharts.com/katherine/GRMN060203CloseUp.JPG

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Monday, June 02, 2003 12:40 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] M and positions


As we know, many times stocks move with the general trend of the market as
a whole.  That being said, do any of you use the RS line to decide on
closing a position?

As an example, GRMN has been underperforming the market as a whole the last
couple of weeks, and I am wondering if I should use this action (or lack
thereof) to close out BEFORE reaching the 7-8% loss rule.  In fact today,
with the dow up 142, GRMN is down 0.31%.

Any thoughts?

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



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