Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: lee kramer who wrote (96474)	5/7/2000 5:26:00 PM
From: Scott	Read Replies (2) of 120523

Lee, Since you're always talking baseball, let me introduce something I call the "Sacrifice Stop". Everyone who trades knows that a stock will move back up as soon as it takes out your stop loss. You can use this to your advantage. Buy fewer shares than you really want. Then set a stop for some of those shares, maybe half. This will trick the stock into dropping and taking out your stop. As soon as your stop gets hit, buy back the shares that just sold (I call this tagging up), and buy more to establish your full position (run for home). At this point, the stock will rise, since it was satiated by eating your stop, and you will score. I call this the "Sacrifice Stop". Scott

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