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Strategies & Market Trends : From the Trading Desk
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To: Nimbus who wrote (2687)3/18/1998 5:03:00 AM
From: steve goldman  Read Replies (1) of 4969
 
A few rules of thumb I use in bottom fishing:
1. Good gets better.
2. Bad gets worse often bordering on "if-I-owned-it-I-might-be-sick-to-the-stomach-watching-it".
3. As a position trader, when you start to see that kind of dessimation, step aside, let if fall, wait for it to recover, then perhaps give it a try with tight stops. DOnt catch falling knifes.

Regards,
Steve@yamner.com
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