Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Riskmgmt who wrote (2920)	12/13/1999 3:28:00 PM
From: Ms. X	Read Replies (2) of 9427

You have to first determine what your trading stance is. If you like the fundamentals and you want to put this in a longer term account now is the time to add it and let it gain over time. However, even with a longer term account you want to make sure you protect your positions should there ever be a reason to do so either because of market risk or because of the stock risk. If trading you want to watch the chart and make a plan for exiting. You could take profits off the table if you are up, let's say, 20% or so and then let the rest ride. You can exit on the first sell signal or if the sector reverses down. The stock will pull back. They all do and it is perfectly normal which is why you look for a signal of sorts to exit the stock. Spread quad breaks are usually quite powerful. There have got to be some strong fundamental reasons for the stock to make such a move. If you like we can follow this stock as a way to learn how to manage the trade. If you would like to do this contact me when the stock makes any move and we'll go over the possibilities and we'll look at the chart together. Kay? Jan

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