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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Scott who wrote (61738)	9/17/1999 12:58:00 AM
From: Jenna	Respond to of 120523

Steve is a good one to ask, and you might also want to check it with Eric from the Daytrading Fundamentals thread.

To: Scott who wrote (61738)	9/17/1999 6:29:00 AM
From: lee kramer	Read Replies (1) \| Respond to of 120523

SCOTT: Agree with your stop strategy. Traders and aggressive hedge-funds can look at a chart and KNOW where most traders will place sell-stops. If they're looking to acquire the stock they will go gunning for those stops. If I see an obvious stop at say $33, I'll often place my stops as you do; staggered down...32 1/4, 31 3/4, 33 1/8. It's not anywhere near foolproof, but it often helps to "save" all or part of the position. The flip-side is that if the stock continues down the losses incurred (if all the stops are hit) are somewhat larger. (Lee)