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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Apollo who wrote (42664)5/16/2001 12:22:56 AM
From: kumar  Read Replies (1) of 54805
 
re RMBS :
Apollo,
interesting some of us take different approaches. After I saw RMBS hit a low today of 11.00, I put in a buy stop order GTC, for $14.00.

Way I look at it, I'd be trying to catch it on the rebound, without trying to know/guess where the bottom is. If it drops further, I'd just lower my buy stop price. That way I think I dont catch a falling knife.

cheers, kumar
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