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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: THE FOX who wrote (10450)3/16/2000 2:18:00 AM
From: RFH  Read Replies (3) of 18928
 
Bob, you must fight that urge to chicken out. You'll be a better AIMer if you follow the rules and not your gut.
Speaking of following the rules, I did something new this week for a couple of my high flying AIM stocks. Last week ended with two issues rising well above the sell bracket, and I was tempted to do a couple of Vealies. However, seeing that I was burned on my last Vealie attempts, I went ahead and put STOP orders on the stocks. Basically, I chose the sell price as dictated by Newport as the stop limit order. This would get me out of the stock at the Newport price, but let me ride the wave should the stock continue its rise.
Well, needless to say, both issues came down like rocks and the stop orders were triggered. That's life!
I'll have the details up on my web site next week for both CHRZ and JBL. This is indeed an interesting twist which was discussed some time ago on this forum. Is anybody else doing this?

Sincerely,
RFH
elnet.com
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