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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: nokomis who wrote (105737)7/5/2000 4:26:25 PM
From: Jenna  Read Replies (1) of 120523
 
INCY short: stock down 2 3/4 after the close. NEWP held just 1/8 above my stop loss but I like that and I was in the process of lowering the stop loss when it passed above. There is no sense being convinced about a trade and then getting stopped out of the position. you can't go 'collecting' beaten down stocks as if it were a bargain basement sale. If the stock shows no sign of improvement you should NOT get in just because it seems cheap. Believe me it will get cheaper.
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