[CANSLIM] RE: Stops

From: Connie Mack Rea <rea1@dp.net>
Subject: [CANSLIM] RE: Stops
Date: Wed, 10 Sep 1997 09:47:17 -0400

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Members--

RE: Stops

I have an invariable rule about stops.  Once I have a10% close in a
stock, I will never take a loss on "that" purchase of the stock.

Should the stock return after retreating, I am indifferent that I sold
it.  If the reasons for my buying are still intact,  I will take another

position.  I will, however, never buy the stock a third time.

Life goes on.  If you think otherwise, you will take your errors to bed
and never rise feeling refreshed.  Take other things to bed--but never a

mistake.

I am not ignoring  the fact that you may be buying in 100 lots.
Commissions are onerous for small lots, and even more so for odd lots.

Connie Mack
[Day trader]

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