Letters to the Editor
To the Editors:
The information in the AAII Journal has significantly improved my investing. I must, however, take exception to the article When to Sell Stocks to Cut Your Losses, by William J. ONeil in the September 2005 issue. In the article, Mr. ONeil suggests using an 8% guideline for deciding when to sell. [Editors note: The 8% rule is based on purchasing a stock at its buy point as determined by a stocks chart pattern.] This 8% loss limit is overly simplistic because it does not take into consideration the normal, daily fluctuation in stock prices.
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