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Strategies & Market Trends : MOVING NOW!
CTIC 9.0900.0%Jun 26 5:00 PM EST
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To: Connor26 who wrote (4396)10/26/2000 1:41:02 AM
From: lee kramer  Read Replies (2) of 8046
 
Connor26: If you want to buy JDSU or any other stock that's taken a hit...you might consider buying on a scale down...100 at 72, 100 at 71, 100 at 69 and so on. Then place your sell-stops, after looking at the chart, where you deem appropriate, and where you can tolerate the pain if you're wrong and get stopped out. If you're fortunate and the stock rallies, you can let 'em go, 100 at a time on scale-up selling. I know some hedge-fund traders do this. It's not foolproof, but I use this tactic occasionally and find it works....occasionally. (Lee)
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