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

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To: Tommy Dorsey who wrote (8715)7/19/2000 6:39:30 PM
From: Bruce Ravelson  Read Replies (1) of 9427
 
Hello Tommy,
I'm a new subscriber to DWA ( and even newer to this thread) and am very excited about how I've used P & F so far. I have a question about stops for you, though.

About a week ago I bought ATSN when it hit a double top at 28. I added more when it did it again at 31. The nice run continued until yesterday when it fell intraday to 33, which was my mental stop. I decided to see what happened today and it had a great rebound, up to over 38. My question is on stocks in this price range, do you ever use end of day prices to decide on your selling point?

Thanks so much for your input.
Bruce
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