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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (686)2/16/1998 9:29:00 AM
From: Teddy  Read Replies (1) of 34812
 
Jan, sure i can wait until Wednesday, i'm more interested in developing a winning strategy that i can use in the future with that one trade. Please do ask Tom about adjustments for option expiration.

I'm more concerned about placing a stop right at the strike price. Since the stock is right in the middle now, there is (in theory) a 50/50 chance of that 25 stop getting hit, but not much chance of the stock closing the week below 25 (unless something awful happens).

On the buy side, i guess it is still best to wait for a breakout above 31 to confirm upward daily momentum.

No school this week!
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