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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (4253)5/21/1998 4:52:00 PM
From: Mike McFarland  Read Replies (1) of 12617
 
Well, I never did get back any suggestions on what to do
with neot or neotw yesterday, so had to go it without any
advice. (I don'tdo irc, had to rely on soley on SI).

A: Sell 2/3rds, put stop at the price you got in at for the
remaining third. This seemed to be the easiest way to
handle things psycologically for me--I did not have to
worry about being left out if it gapped up, but on the
other hand even if it went to zero I had a gain. Putting
in the stop loss meant I did not have to watch the chart
today (altho I did). For awhile I was hopeful that I wouldn't
quite get kicked out, but in the end I actually got kicked
out 3/8ths below my stop loss order. All in all, a good
experience, but I'm not sure that I want to try it again
any time soon!
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