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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: BarbaraT who wrote (35727)11/30/1999 7:00:00 PM
From: gizmo&jack  Read Replies (2) of 108040
 
Barbara, the stop I set on KOREA wasn't that tight. Consider that the stock was getting close to 61 when I had to go and was on the way up. (In fact, I noticed it hit 63 at one point). So I set a limit about 2-3 below. Which in general is pretty tight. But I took into consideration that the original shake took place in the am and the return to the daily high happened gradually in the afternoon, filling the morning's gap. So I felt that if it hit 58 late in the day, it would not be a shake. It would be weakness and could very well end up in the low 50s. I was not going to lose the substantial profit I had made in one day by letting this happen while I was in a meeting. Sorry. I still like KOREA alot and don't think that anyone still holding has anything to worry about. I will probably return to the stock shortly myself.
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