Re: [CANSLIM] What went wrong!

From: AJAskey@aol.com
Subject: Re: [CANSLIM] What went wrong!
Date: Mon, 7 Jul 2003 23:39:23 EDT

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John,

One rule you can add to your sell rules is a rule that says that you can 
always buy it back if some criteria is met.  This is easy to say but if you think 
about it you can probably create a set of conditions that allow you back in.   
You will be surprised how much more clear your thoughts are when you don't 
own a stock anymore.   

My though process is:

If I willing to sell before the stock completely tanks I can always buy it on 
the way back up it everything looks good.  I don't wait for a bounce to sell. 
 I sell early when the sell rules are first violated.  If I wait until it is 
totally washed out then there will most certainly be a bounce and I will be 
certain that everything is ok and hold too long.  I use some TA indicators that 
must be near perfect for me to get back in.  But you will need to determine 
what is comfortable for you.  

Andy

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