Re: [CANSLIM] Stop Loss

From: "Bill S." <wgs@earthlink.net>
Subject: Re: [CANSLIM] Stop Loss
Date: Wed, 10 Sep 1997 08:43:09 -0500

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Me thinks WON wrote that before the advent of discount brokers. The cost
of the round trip with some of them is so low that taking an 8% hit is
questionable money management. I would set the Stop Limit at no more
than a couple of days trading range. If you are stopped out because of a
broad market sell off and you continue having confidence in the stock,
buy the sucker back at a lower price and have another whack, or two, at
it.

Bill-->>
- ------------------

Tom Worley wrote:
> 
> The basic WON rule, as expanded upon in recent seminars, is an
> initial stop order down 8% from your entry point provided you made
> a correct entry and are studying the chart for nearby
> support/bases.

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