Re: [CANSLIM] When to Sit and Wait and when to Sell

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] When to Sit and Wait and when to Sell
Date: Fri, 22 Aug 2003 19:10:18 -0400

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Books have been written on these questions. If you bought the stock right,
using correct fundies and TA's and news hasn't been bad, just set a stop and
hope for the best. To just ride a stock past a selected % gain is not good
management. At least move the stop up along the way and even tighten it
some. Always protect gains. There are no guarantees CANSLIM or any other
system will drive a stock to the heavens.

DanF


- ----- Original Message ----- 
From: "Yien T Lung" <ylung@engin.umich.edu>
To: <canslim@lists.xmission.com>
Sent: Friday, August 22, 2003 2:43 PM
Subject: [CANSLIM] When to Sit and Wait and when to Sell


> Hi people,
>
> From your experience, what do you guys do to a stock that has BO, but has
> not moved much or even come back to its original pivot point. I remember
> Jesse Livermore saying that it was much more profitable to ride on your
> trade than to cut your gains after a certain percentage gain. In other
> words, what kind of criterias to look in order to tell if the stock you
> bought is a winner - so stick with it,  or a dog - sell it or even go
> short?
>
>
> thanks
> Yien
>
>
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