LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Dave Shares who wrote (1096)	10/10/1998 9:19:00 AM
From: Susan Saline	Read Replies (2) of 43080

>>> "Safe Havens" (Primarily utilities) just a thought ... IF ... the market rebounds ... these will go just the opposite way ... DTE has made tremendous moves the last couple weeks ... touched 50 was 40 a couple months ago .... yikes!! It dropped over 2 bucks Friday ... as did all the utility stocks. I cannot say if the market has bottomed ... but just in case it has ... I have put a 10 percent stop loss on Detroit Edison ... from the high of 50 .... would hate to see anyone buy a utilitiy here at their highs ... If the market is done correcting. Take care ... Sue

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