Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (3249)	12/6/1998 1:04:00 AM
From: NewKit	Read Replies (1) of 13094

James, Thanks for that real fast response. Would you be able to provide some advice/guideline on when to get out of a fast moving stock (such as some of your RED HOT 13's)? I was in CNKT at 1 3/8 on the day it became one of your 13's. But I sold it way below 5 only to see it run all the way to 15! Really can't imagine a stock can run from 0.5 to 15 in few days. I think/study very hard and come out with something. I hope you don't laugh at it. 1. If it didn't take out day high of last trading day within the first 5-10 mins, get out. I was thinking of get out if it didn't gap, but may be should give it a little time to try. 2. If it gap hard (say more than 30%), place a stop at the opening price. 3. If it gap marginal (say less than 10%), place a stop at day high of last trading day. Do you think these will help to capture majority of the run?

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