CAWS - Wireless Cable (New and Improved) Message Board

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Technology Stocks : CAWS - Wireless Cable (New and Improved)

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To: Malcolm Boyd who wrote (367)	11/19/1996 8:41:00 PM
From: .com	of 5812

Hi Malcolm: I've been burned a few times that way too. I have been putting in stops lately when I am up a significant amount to protect my downside and allow for more upside room. Problem is, stocks don't go straight up; the wiggle around on the way up and during the wiggle it is easy to get stopped out Atleast you are getting stopped out at a good proft though. Regretted this approach about two weeks ago with a couple of Nov. GE 90 Calls I bought at 3. When it hit 8 1/8 I put a stop order in at 8 and got hit the next day. A week and a half later, when the option wouldv'e expired, the option was worth 15 1/2. It's like the big fish that got away. Someone needs to write a book on the art of the sell when it comes to options and trading. I keep dreaming of the day of hitting the big one on options, like a 12 1/2 gain on GE which was within my reach, but I got cautious and wanted to protect my profit and well, ... an old story. I know that if I let it ride with my luck it would've tanked down to 2. Don't worry on USRX; probably a few good days ahead (like Dell up 8 today or IBM up about 12 the last three days). Take care, Scott

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