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Strategies & Market Trends : Disciplined Investing, especially the NAIC way
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To: - with a K who wrote (336)6/26/2002 1:11:09 PM
From: Steven Dopp   of 469
 
I think my club is inclined to use stop limits on winners to assure profits. However, we ran out of time at our last meeting, so to start things off, they decided to put a stop limit equal to 20% below the current price of our stocks. Elan was caught in the downdraft.

Had we more time, we would have fine-tuned it for various stocks. We probably will look at it on a case-by-case basis over the next several months.
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