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.

Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (3956)	9/23/1999 1:22:00 PM
From: DanZ	Read Replies (1) \| Respond to of 10293

Michael, First, congratulations on your profit. I would like to point out something, however. If I remember correctly, Bill recommended shoring REFR at 12 1/2. At the time, the stock was in the midst of a rally and resistance was unclear. It subsequently traded as high as 13 1/2. If one uses that as your risk point, you were down $1 per share at one time and made $1 per share. This is a risk of 1:1. I point this out not to insult you or take away from the pleasure of your profit, but to show a fundamental difference in how Bill and I see the market. I would not put on a trade that I thought had a 1:1 risk to reward, and I definitely would not put on a trade that I thought had 5 to 10 points of upside and 1 to 2 points of downside. Best regards, and may all your trades be as lucky. Dan