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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28531)	9/2/1999 8:53:00 AM
From: Condor	Respond to of 50167

Ike: I'm posting our PM exchange with your permission as a learning item, and thanks for your time....C Question: "Hi Ike! Could you give me a brief definition of what you mean by "whipsawed" although I imagine I can guess what it means". Ikes reply: "You enter in a long SPU position seeing SPU breaking out 1333, now you place a stop at 1326 to close out the long, they made long here but will try to ring that stop loss at 1326, the will run through the stop and you may see an hour later market trading at 1335.. Now this is not with one position we have seen that traditionally these stops are placed below or at support or resistance levels so the pits are well aware to ring them below a logical support or resistance, this is a reason that I call for generous 4 point spread in stop losses."

To: IQBAL LATIF who wrote (28531)	9/2/1999 9:04:00 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 50167

Jobless Claims Rise by 4,000 By JEANNINE AVERSA Associated Press Writer WASHINGTON (AP) -- The number of Americans filing new claims for unemployment benefits inched up last week. The Labor Department reported today that 289,000 Americans filed new claims for jobless benefits for the week ending Aug. 28, up by 4,000 from the previous week. That was the highest since Aug. 14, when claims matched last week's level. The four-week moving average for claims, which smooths out week-to-week volatility, was up to 286,500 last week. That was the highest level since Aug. 7, when claims were at 288,250. Last week's increase in new claims was in line with many economists' expectations. Economists consider jobless claims levels below 300,000 an indication of an extremely tight labor market. Many economists expect the nation's unemployment rate -- now at 4.3 percent -- will return to a 29-year low of 4.2 percent when the government releases its August unemployment report Friday. The results are expected to offer an important clue as to whether the Federal Reserve might raise interest rates again when it meets in October. Last week, the Fed bumped up interest rates for the second time this year but signaled that no additional increases may be necessary unless the economy shows signs of overheating or if inflation flares.