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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: max power who wrote (52870)8/12/1999 9:10:00 AM
From: JeffA  Respond to of 90042
 
I will not argue any of these points. You are very correct.

as for my cases

I bought JACO after watching a very strong run and a very good trading day on a Friday, I believed the pattern was similar to FORE takeout so I bought, at the high. Since I still have it, I obviously did not follow any rule and trade out. The subsequent gap downs blew past any exit I had in mind and so here I am still holding. Happend too fast to really do much about. Only good thing is it is a very small position so I have taken a WTH attitude.

CS, I am oh so comfortable with holding. Takeout or not, every month or so you can trade this from 12 to 15. Not worried.

COMS I sold at profit and moved on. Never convinced on takeout.