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Strategies & Market Trends : Steve's Channelling Thread

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To: gancho who wrote (3647)	7/27/2000 5:37:04 PM
From: Logain Ablar	Read Replies (1) of 30051

Hi gancho: If your investing in options do you use technical indicators to pick entry and exit points on your positions? If not I'd recommend you look into it. A hard lesson to learn is to accept when the trade / investment has gone against you. Setting a stop will automatically get you out of the position. Maybe with a loss but preserving capital. This is much better than hoping for the stock to come back. A trap I still fall into. Unfortunately most here realize we are in a bear market and any rallies are only bear market rallies. This rally may still have legs and can run to 4,500 (doubtful now with the SOXX and nets breaking thru supports) but at this point if I was looking to exit a long position (which I am but I don't own Rambus) I would look for a market bounce over the next few days and sell into the rally. I doubt we rally past next Friday. August is typically not a good month for tech stocks. So with next Friday as my latest exit day I'll be looking long and hard @ my positions over the next few days. The analysis can change but right now I'm raising cash whether we rally or not. I can always find another opportunity down the road. Good luck. Tim

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