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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?


To: L.Hobbs who wrote (607)9/19/1999 1:32:00 AM
From: Sans Souci  Read Replies (2) | Respond to of 16863
 
L. Hobbs: Sorry, I meant a stop buy order (buy only at a set, higher price).

I have no idea what the downside is, though I wouldn't rule out $7.50 or so, which is where we last had solid support.
Personally, I do NOT have a stop loss order in, as I feel this would be foolish with a low volume trader on the ASE like WIN. If I had a stop in and it was triggered, my sell order could/would cause a healthy drop, I would be out, and very likely WIN would recover and head back up. I rarely use stops, and if so, only with high-volume, highly liquid stocks with tight spreads. Who knows -- Wi-Lan could soon be in that category...

Looking forward to the next positive news release and the next leg up.

S/S

PS: The latest Cdn. Business Magazine (Sept. 24th) article mentioning Wi-Lan sounds good, though I haven't seen it myself. Should hit the newsstands next week.