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Two times in the past three days Investor's Business Daily has mentioned the importance of disciplined selling of a stock at a predetermined percent loss - 7 to 8%. In fact the Monday Nov. 5th issue calls disciplined selling "the No. 1 rule of smart investing".So you're agreeing... er... (Fwiw, I don't read IBD.)Examine the performance of stocks picked by Ernie's momentum model. If he had sold at a 7% to 8% loss he would have sold 17 of his eventual winners. By holding onto them he has 32 winners. That statistic makes him HUGE.I guess not. HUGE? I'm intrigued by the model but not glassy-eyed.The point is, what -IS- the sell criteria with this model? I see very disciplined sales at +15%... yet nothing to protect from losing it all, dollar for dollar, or even one bad apple in the cart. KCS is that apple with ANF spoiling right next to it. I hope there isn't too much capital in either of them. Are they there just for the loss they generate to offset capital gains come April 15th?- Sco
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