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Strategies & Market Trends : LastShadow's Position Trading
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To: LastShadow who wrote (3704)12/4/1998 5:52:00 PM
From: Jay Lyons  Read Replies (1) of 43080
 
LS-

Dave and I were talking about shorts in a modified gap situation. I got curious, because he routinely shorts at a higher point than I do. I've been setting my short trigger below the first hours trading regardless of whether or not it's a full or modified. Dave has been setting his trigger at the average of the open and the low on modifieds. Who's right?

I suspect it's Dave, because I won't get a buyer at my trigger on a stock that he's already headed for the bank on.

TIA,

Jay

P.S. Have a great weekend, everyone.
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