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Technology Stocks : E Loan Inc -EELN -- Ignore unavailable to you. Want to Upgrade?

To: jds who wrote (498)	7/30/1999 5:23:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 817

<<do you use them on your holdings? on EELN? seems to me that on EELN they would be almost impossible to use....given today's range of 33-41.>> jds: I haven't used stop losses for a few years....with the volatile internut stocks (like cmgi, eeln, and gnet) you can lose your position in a great company -- just when you don't want to. I prefer to buy and hold when I feel comfortable with the internet firms's fundamentals....at times I may trim my position and diversify after a big run-up. There are many different strategies investors use BUT I prefer to operate without stop losses. Enjoy the weekend. Regards, Scott

To: jds who wrote (498)	7/30/1999 5:43:00 PM
From: Gary Metzer	Read Replies (1) \| Respond to of 817

JDS, Re: Stop Losses Since they've cost you more than they saved you, it sounds like you already have your answer. I once had a stop loss on a thinly traded stock set more than 10% below where it was trading at the time. During a 30 minute time span, I could see the price being slowly brought down until it hit my stop. THEN it immediately popped back up and my stock was gone. Fascinating to watch. It's like a child sneaking a cookie from the cookie jar. Needless to say, that was the last time I used a stop. Look at some of the tech charts from this afternoon. Spikes down, takes out the stops, and immediately pops back up. Good luck Gary