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Former Long Position - WLPInitial Sell-Stop was established off the valley-bottom resistance points which were below the 30wk moving average (Risk Corridor = 16.7%). The next hilltop occurred at 4/4/03 as confirmed upon the third subsequent decrease in closing price on 4/25/03. The next valley-bottom occurred at 4/25/03 as confirmed upon the third subsequent increase in closing price on 5/16/03. Since the 4/25 valley-bottom was above the 30wk moving average, we adjusted the Sell-Stop to the 30wk level at $72. From that point forward, Sell-Stops are adjusted upward in $1 increments in tandem with the 30wk. 8/24/03: Ouch -- took a small hit -- got stopped-out on half our position during this managed healthcare sector correction. However, active management of our Sell-Stops limited our loss to 1.5%. Half of our position is still alive. 9/21/03: The second stop violation. However, since we were able to move the Sell-Stop up by a buck the previous week, this trade produced a .9% gain bringing the cumulative ROI to a negative .7%. One quarter of our original position is still alive. 9/28/03: 3rd Sell-Stop violation -- that's the name of that tune. We sold our remaining portion of our position in this issue at a 2.9% loss. This brings the cumulative ROI for the original position in WLP to -1.2%. Nothing to be ashamed about here -- our conscientious use of Sell-Stops helped us keep the losses in check on this one.
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