Dave Gore's Trades That Make Sense Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob V who wrote (16401)	5/23/2003 6:57:20 PM
From: Bruce A. Brotnov	of 16631

Bob, one tactic for sell stops is to only put 1/2 up for the MMs to grab. For example I saw 2 class action suits announced for RINO which I bought under 10 so I had a sell stop limit at 12.98 this week and then closed over $13. It closed today at 14.61. That way they only manipulated the price for 1/2 of my shares. However, with all the lawyers hanging all over it, it is not one I want to get back in. I was taken out in JCOM a few months ago at 22 and then it went down to 16 on bad press from Barrons and I bought it back at $18 and still holding some of it. I think the key of whether to get back in is the same basis of any stock, what is its merits and why do I want this stock. If you want it and the fundies look ok as well as some chart support then I am inclined to get back in. I have traded FSTW several times, although that was one of it hitting my sell limit and then buying back lower. I prefer mental stops unless it is a stock I am inclined to be selling anyway. Them MMs know how to grab it and run.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next