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Technology Stocks : Data Broadcasting Corp. (DBCC)
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To: scanshift who wrote (2581)1/11/1999
From: Mark[ox5]  Read Replies (1) of 5102
 
My answer to her question was based on not knowing what the gap will be (if there is one).. so it was based on the closing price as of Friday (26 3/8)..

I did assume in my answer a traditional 5-10% gap up (after a huge move up Friday with huge volume) so maybe a rise to 28 1/2 Monday at 9:30 am as a midpoint, and then I felt from that point (28 1/2) that 25 would be relatively safe as a stop.

Being our 5 day moving average is 20, there is really no "safe stop", as to fill the gap the stock would have to backfill down to the lower 20s.... maybe that will happen Monday, but more likely Wednesday to Friday at some point.

If there is a gap up, followed by the traditional 9:35-9:40 shake out, which is then followed by a strong move up afterwards than I would agree with a tighter stop. But I think from past posts Sharon works during the day so she cannot watch that closely, so I was basing my answers on her conditions.

Hope that explains it better.

Mark
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