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Technology Stocks : All About Sun Microsystems
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To: E_K_S who wrote (64039)12/8/2006 10:51:36 AM
From: sixty2nds   of 64865
 
Hello EKS. I've gone completely TA. My trades are what I call Intermediate Term. Positions are 7.5% of Portfolio. If I am in a trade less than a week or two I've probably hit a dry hole and the stop loss executed. Here is the SUNW trade structure - SUNW bought yesterday morning on a pullback @ $5.68 Stop loss = $5.12 1st objective +/-$7. 2nd Objective +/-$10. Time frame for move? Your guess is good as mine. The price action will dictate the time I hold. I will review/raise the stop as it simmers, boils or stagnates. I will not watch anything rot. All stops are ruthlessly enforced. No exception.
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