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Strategies & Market Trends : SPARKY'S CORNER

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To: Bruce A. Brotnov who wrote (3949)2/1/1999 4:22:00 AM
From: Carl Worth  Read Replies (1) of 4142
 
Bruce-

I agree on the stops and MM's. I have pretty much stopped putting in firm stops on my holdings, especially NASDAQ stocks, and watch the close and the chart as well. It may cost me a point or two somewhere, but it has saved me much more than that by not giving up shares cheaply on days like the Brazil catastrophe day or on a day when the MM's decide to take stops on some otherwise great stock and drop it 3 bucks in 10 minutes only to have it recover the same 3 bucks in short order. You can almost hear the MM's laughing (cruel sound to be sure!).

Carl
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