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To: Ron McKinnon who wrote (36403)	12/30/2001 11:08:52 AM
From: Larry S.	Respond to of 53068

Good posting of the original concept. Guess I'm leaning toward "if it aint broke, don't fix it". You left out a couple of the rules that have evolved though: 1. buy low, sell high 2. only buy stocks that go up (unless shorting)

To: Ron McKinnon who wrote (36403)	12/30/2001 11:56:02 AM
From: Kelvin Taylor	Respond to of 53068

"Generally we will look to exit a position if a stock has fallen 8-15% from our buy price" could you repeat that again Ron? I would add you can average cost down to a certain extend based on historic price supports, fundies and how well you really know the stock. if you have never own it before or have just be watching it closely for a couple months, err on the side of tight stops. should we add the rule to avoid those companies declaring chapter 11? and those that become delisted?