Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: go4it who wrote (2665)	1/18/1999 6:25:00 PM
From: Dr. Stoxx	Read Replies (1) of 39683

Welcome to the thread, CB. Was worried you were a hypester. But IOM is hypeworthy in any case. Has been on my watch list for a long time. It has had a very nice run recently. Not quite enough to put it on the Befriend the Trend Bulls List, yet, but it is getting there. A reasonable trade would be to put in a buy-stop order at 9.25, and if filled, let it run to 9.5 before putting in a stop at 8.5. It certainly has the potential to plunge well below 8. But it may also see new near-term highs if the numbers are good. Good luck, TC.

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