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Technology Stocks : (LVLT) - Level 3 Communications
LVLT 53.630.0%Nov 1 5:00 PM EST

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To: Barry Grossman who wrote (1631)2/9/1999 2:15:00 PM
From: Don S.Boller  Read Replies (1) of 3873
 
Barry: Don't mean to duck your question BUT - I have been
buying common stocks since the early 1950's AND honestly find
it extremely difficult to predict the market itself (for 30 days)...let alone an
individual stock like LVLT. If one tries to trade - there are a couple
of rules to follow IMHO - be very flexible....what is the "wisdom"
of today - may be totally discredited tomorrow....ALL market genie's
are only temporary phenoms...(when I was a broker - we had a
saying, "You are really in trouble when you start to believe your
OWN bu**sh**!".)..next have a plan of action and stick to it. E.g.,
I will own XYZ so long as it stays above $$....below that I'm out.
Use ''mental" stops...and don't fudge. The stop point is very, very
tricky - (unless of course - you get a look at the specialist's book)
<vbg>
. There are others, but you get the idea.
Best,
Don
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