Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Do sell rules vary with market strength
Date: Tue, 12 Aug 2003 13:39:39 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_00BC_01C360D7.2D88C8C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi rc, I think the answer depends on your personal trading style more than anything. For example, when you make a purchase, are your sell rules based on target price, target % gain, technical condition, "reason for buying still valid", price/volume action that trigger a more traditional CANSLIM sell rule, etc? The rules you adopt will influence the answer to your question. Even within the "traditional" sell rules in CANSLIM, there are conditions for when to apply them. For example, when you have a strong underlying Bull market, you can go ahead and sit through a fresh base, because the odds of the stock correcting and moving up are higher. In other markets, one might adjust their sell rules to take smaller profits and bail when a correction begins. You might use the same rules, but be less willing to "let the sell flags stack up" before exiting. In other words, in a stronger market, you might let 2 or 3 yellow flags pop up before selling. In a stronger market, 1 flag might be one too many. Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of rchodes Sent: Monday, August 11, 2003 8:12 PM To: Canslim Subject: [CANSLIM] Do sell rules vary with market strength Question for canslim traders. If you think that the market is in a short term correction (current market?) or trading range, do you consider selling a stock if it gets close to a prior 52 week high (independent of volume) even if it's not a climax run. Normally, I'd hold a stock and see if will form a handle and eventually break out again, but I wonder if their are times when I should sell into a rally rather than wait for the price movement to tell you what to do. Assume fundamentals remain intact. Thanks in advance. - ------=_NextPart_000_00BC_01C360D7.2D88C8C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><SPAN class=3D765312918-12082003>Hi rc,</SPAN></DIV> <DIV><SPAN class=3D765312918-12082003></SPAN> </DIV> <DIV><SPAN class=3D765312918-12082003>I think the answer depends on your = personal=20 trading style more than anything.</SPAN></DIV> <DIV><SPAN class=3D765312918-12082003></SPAN> </DIV> <DIV><SPAN class=3D765312918-12082003>For example, when you make a = purchase, are=20 your sell rules based on target price, target % gain, technical = condition,=20 "reason for buying still valid", price/volume action that trigger a more = traditional CANSLIM sell rule, etc? The rules you adopt will influence = the=20 answer to your question.</SPAN></DIV> <DIV><SPAN class=3D765312918-12082003></SPAN> </DIV> <DIV><SPAN class=3D765312918-12082003>Even within the "traditional" sell = rules in=20 CANSLIM, there are conditions for when to apply them. For example, when = you have=20 a strong underlying Bull market, you can go ahead and sit through a = fresh base,=20 because the odds of the stock correcting and moving up are higher. = In=20 other markets, one might adjust their sell rules to take smaller profits = and=20 bail when a correction begins. You might use the same rules, but be less = willing=20 to "let the sell flags stack up" before exiting. In other words, in a = stronger=20 market, you might let 2 or 3 yellow flags pop up before selling. In a = stronger=20 market, 1 flag might be one too many.</SPAN></DIV> <DIV><SPAN class=3D765312918-12082003></SPAN> </DIV> <DIV><SPAN class=3D765312918-12082003>Katherine</SPAN></DIV> <DIV><SPAN class=3D765312918-12082003></SPAN> </DIV> <DIV><SPAN class=3D765312918-12082003></SPAN> </DIV> <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT = face=3DTahoma=20 size=3D2>-----Original Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20 </B>rchodes<BR><B>Sent:</B> Monday, August 11, 2003 8:12 = PM<BR><B>To:</B>=20 Canslim<BR><B>Subject:</B> [CANSLIM] Do sell rules vary with market=20 strength<BR><BR></FONT></DIV> <DIV><FONT face=3DArial size=3D2>Question for canslim traders. = If you think=20 that the market is in a short term correction (current = market?) or=20 trading range, do you consider selling a stock if it gets close to a = prior 52=20 week high (independent of volume) even if it's not a climax=20 run. Normally, I'd hold a stock and see if will form a handle and = eventually break out again, but I wonder if their are times = when I=20 should sell into a rally rather than wait for the price movement = to tell=20 you what to do. Assume fundamentals remain intact.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Thanks in=20 advance.</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_00BC_01C360D7.2D88C8C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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