Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: chip who wrote (9432)	7/11/2002 1:03:45 PM
From: Bruce A. Brotnov	Read Replies (1) of 16631

chip, no I still have my DFIB and thinking of adding some more as it bounced off support at 2.5 area. I seldom use stops as market makers use them for "targets" to grab your shares before the stock rebounds. I prefer mental stops and sometimes get burned that way but also don't get blown out by MM either. Too many times I have seen a stock drop a couple of points and take out stops and in 15 min be back to where it started. If I only had a handful of positions I would probably use more stops. I try to stay with a high percentage of stocks with strong fundamentals and wait for the market to figure out they have been manipulated and come back to fair values. I do use limit orders frequently. Yesterday I had a limit buy order of "extra" ESST filled at 16.05 and today I put in a sell order at 17.05 for a point gain and it was just filled. Now I'll look for something else that looks ridiculously oversold. Bruce

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