RE: [CANSLIM] GRMN and Selling

From: Tomas <tomas986@yahoo.com>
Subject: RE: [CANSLIM] GRMN and Selling
Date: Wed, 18 Jun 2003 09:59:54 -0700 (PDT)

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Chris,

Wow!  If only your tigger finger was a little slower
that day....

tomas

- --- "Dempsey, Chris" <Chris.Dempsey@ReedHycalog.com>
wrote:
> The sell side is tough.
> 
> I sold GPRO on 4/29 just minutes before the close,
> after having bought on 4/22 with caution because the
> average of the handle was below the mid point of the
> drop. Oh well!
> 
> The following between the stars is from the archives
> about sells.
> 
>
********************************************************************
> -----Original Message-----
> From: chris dempsey [mailto:chrisdempsey@mail.com]
> Sent: Sunday, December 12, 1999 10:45 AM
> To: canslim@lists.xmission.com
> Subject: Subject: Re: [CANSLIM] Selling Rules
> 
> 
> >From: Earl Setser [esetser@csolutions.net]
> >Sent: Wednesday, November 24, 1999 8:15 PM
> >Subject: Re: [CANSLIM] Selling Rules
> 
> >"watch out if" - not sell, but watch out?
> >"In many instances, the stock should be sold" -
> doesn't define which
> instances
> >"consider selling if ..." used in numerous
> descriptions
> >"Be careful on selling if"
> >"Try to avoid selling if"
> >"You may occasionally want to sell if"
> >"In a few cases, you should sell if.."
> >"In some cases, sell if a stock"
> 
> >and my personal favorite
> >"Sell quickly before it becomes completely clear
> that a stock should be
> sold"
> 
> I liked your examples Earl. How about adding a few.
> 
> 
> #18 "Try to avoid selling on shakeouts."
> #20 "You may occasionally want to sell if a decline
> from the peak exceeds 12
> to 15%."
> Is he trying to tell us here that a shakeout is 12
> to 15% and over that is a
> sell?  But if that is the case why did he use the
> word occasionally?
> #11 "...sell because its to late!"
> #11 "Wait until you are happy and tickled to death
> to sell."
> 
> I'm glad to see that others have problems selling.
>
*********************************************************************
> 
> -----Original Message-----
> From: Edward W. Gjertsen II
> [mailto:ed@macktracks.com]
> Sent: Tuesday, June 17, 2003 12:41 PM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] GRMN and other thoughts
> 
> 
> GRMN is a great example of flexible selling rules. 
> In hindsight,
> everything is clear.  GRMN is one that raised a
> yellow flag for us to
> watch more closely.  We did not sell out of our
> entire position until
> this morning.   It goes back in the hopper as if it
> was a stock we never
> purchased.  Remember, stocks don't have memories of
> who bought and sold
> them, only people do. The easiest rules to follow
> for us is 8% (or less)
> on the initial purchase or to possibly sell half
> after a 100% gain.
> Everything between these two  points is open for
> discussion.  Look at
> WON's selling rules from the first HTTMIS to his
> follow-up books.
> Buying is easy, selling is not.  His selling rules
> often contradict
> themselves and there are too many variables to take
> into account on the
> sell side to offer strict disciplines after a stock
> has risen 10% from
> its initial purchase price.  The selling mechanism
> for profitable
> positions will always be frustrating.
> 
> 
> Ed Gjertsen II
> ed@macktracks.com
> 
> 
> 
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