America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: LindyBill who wrote (13129)	12/27/1998 11:02:00 AM
From: Dr. D	Read Replies (2) of 13594

Interesting enough that I am placing a "stop loss" sale order at the end of each day, for the following day, at 10% under the close, for insurance! LindyBill No offense intended but this is a losers strategy. I never use stop loss orders anymore. I used one in 1996 on TXN. TXN was on a tear and I feared loosing recent profits. I placed a stop loss 10% under the previous close. The next day a false rumor hit Wall Street. TXN dropped over 10% within an hour. Then the company denied the rumor. The stock reversed course an closed up 5% for the day. I swore I would never use one again. I truly hope you don't experience such a loss. Stop loss is very expensive insurance. I'm sure thousands of others have had similar experiences. If your AOL is in a IRA you escape the tax consequences. However losses are NOT deductable. Trying to time this market is insane. If you truly think AOL has a downside risk, sell it at the open and keep the 10% loss. Best wishes 3d

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