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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: the options strategist who wrote (4119)6/7/1999 4:42:00 PM
From: CatLady  Respond to of 39683
 
The problem with the way CMGI moves is that if you don't have to chase it, you don't prolly don't really want it. ( If you're buying near the open )

I don't use a Price Objective, I'll use a trailing stop set at the 5 day EMA. or closer if it were to start going vertical. And I'll re-evaluate based on the chart as time goes on, assuming I don't get stopped out right away.