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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Lucky who wrote (157)	2/8/2002 12:47:49 PM
From: Joe Stocks	Read Replies (2) of 787

TYC-Short. "Dangerous to be long a story stock like this going into the weekend.Best to go short with a 40 cent stoploss here." The safest is no position at all. A gapper up on Monday would make your stoploss a"moot" point. Not saying that I don't like your position I'm just staying I haven't been able to cross that line to short it. IMO, bottom line, I think TYC is a low $20 stock. I just have a problem with the risk/ reward at this time. Curious as to how you see a 70% chance of a sell-off? Joe

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