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Strategies & Market Trends : Technical Analysis - Beginners

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To: Richard Estes who wrote (8928)	11/17/1998 8:20:00 PM
From: Webb B Blackman Jr	Read Replies (2) of 12039

You were in a stock that dropped over 26 % and you bought more Richard, I guess that the point was that I could not see a valid reason for the stock to drop other than the fact that some people over reacted when a broker down graded the stock. The stock "SANG" was in fact upgraded by another firm at the same time. I admit that I was not following any of the TA rules that I am trying so hard to learn, but at the time, I thought it was the best thing to do. I have never used stop losses since most of the times the stocks that I purchase are not all that volatile. I will check with Waterhouse and see if they allow a user to have stop loss transactions. Normally, I totally agree with you about the 8-10% range, but I broke my rule today. --- webb ---

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