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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (16426)	7/1/1999 8:34:00 PM
From: Jay Lyons	Read Replies (2) \| Respond to of 43080

BSX Nice chart, Dave. Good entry point at 44, that's for sure. I would be more inclined to set the stop at the 50 day EMA (41 1/2 today), though. Looks to me as if it gives you enough wiggle room, and saves you a few grand if the position turns against you. Also gives you something concrete to work with as a trailing stop when the stock moves up, as well. Money Management Is Everything. (Now if I could only walk the talk myself) Jay

To: Dave Shares who wrote (16426)	8/8/1999 9:55:00 AM
From: Dave Shares	Read Replies (1) \| Respond to of 43080

BSX I posted this at around 44, with a stop at 38. For full disclosure purposes, I closed my position higher than the stop, before I went on vacation, as I decided that the market was iffy and wanted to enjoy my vacation with no open positions, except CSCO, which I decided to hold for pre-earnings action. The BSX trade was a loss that was once a gain. Another lesson learned. By the way, AT called this a dog, and time proved him to be right here. Good call AT.