New Era of Networks (NEON) Message Board

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Technology Stocks : New Era of Networks (NEON)

NEON 2.105

+1.7%

3:59 PM EST

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To: amoezzi who wrote (440)	5/7/1999 2:03:00 PM
From: Susan Saline	of 1222

a buy stop is an order that will only go off if/when a stock hits that price. Buy stops are good to use on stocks that have a history of making large moves quickly. It saves a trder from have to "chase" a stock up. They are not for all stocks, or trades. Something that is learned from following very closely the trading style of any particular stock If a stock is trading up n down during the day, there comes a point where traders feel it will "take off" for example today's trading on NEON, I look at the intraday (one day) chart and see the high at about 39 3/8 ... so then I think resistance will be taken out if it goes above that point, so I "plan" mental or real, a buy stop at 39 5/8 ... but everyone uses different entry points ... and some sell on new highs., so it is still a gamble.

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