Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jay Lyons who wrote (16429)	7/1/1999 8:44:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 43080

BSX is one insider play. You buy and sell when the insiders do. They make a killing doing it the last few years I have followed it. They just sold so I wont be buying. Cant belive the amount of money they leached off the stock. Makes me think they release bad news just so they can buy. And dont forget the last major news to hit boston, that tea dumping party. wait it was the chicken falling off the cliff or was it the ...

To: Jay Lyons who wrote (16429)	7/1/1999 10:23:00 PM
From: Dave Shares	Read Replies (1) \| Respond to of 43080

BSX The stop is set at 38 because there is support on the Point and Figure chart to that level, at 38, a new sell signal is generated. The tighter stop is definitely something to consider though. Risking over 10% on a trade isn't good when it doesn't work, no doubt about that (happened to me far too much) A different approach to take with this trade is to let the stock give the buy signal at 44 and then hope/wait for a pullback closer to the 38 stop, and buy there. The only problem is if the stock runs, the train leaves without you. Probably the best approach is to take 1/2 position on the breakout, and take the other half on the pullback. The insiders own about 60 million shares according to Market Guide, so I'm not sure I'd be overly concerned about a million getting dumped, although admittedly, I'd rather see buying. The stock will break out if the demand exceeds the supply, and the insider shares are probably in the supply at this point. Thanks for the feedback Jay and AT, David