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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta -- Ignore unavailable to you. Want to Upgrade?


To: Berry Picker who wrote (271)6/24/1999 7:36:00 AM
From: Buckey  Read Replies (2) | Respond to of 2255
 
Brian - I offer a lsightly different twist on the ole sell 1/2 on a double. first of all - IF it is hot why bother with a double. Floow the price with a trailing stopp loss. IE - if it goes to .80 place a sell order for 1/2 at 62 stop - limit .60. IF the TA is good it might go to a buck and continue moving this stop up the board some %age under the range.

Maybe it goes to $2 and you can sell half at 1.50ish.

Unfortunately I rarely get top execute this strategy as I stopo out going the wrong way on a loss before I ever see profit.

BTW long at .40 on PFN