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Strategies & Market Trends : The Options Box
QQQ 625.05+0.1%Dec 9 4:00 PM EST
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To: rocklobster who wrote (7775)12/1/2000 12:20:42 PM
From: dli   of 10876
 
Rok,

I'd give BRCM room to about 120, then it may make a nice short if it finds resistance at the 20MA.

BTW, don't you use any stops? Or is 23% a common adverse excursion in your trades? Maybe you should start thinking about the maximum risk you're willing to take before putting on a trade. What if BRCM had not bounced and continued straight down?

Dave
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