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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (19378)	10/19/1999 7:59:00 PM
From: BarbaraT	Read Replies (1) \| Respond to of 108040

I bought SIFY over 42 and then wanted to average down at 30 3/4 -- but was locked out. So still sitting on the shares at 42 and managed to add only a little more at 35 to bring my average down to 40 3/4 ... but I buy at what I think is a good price (which usually is near the high of the day) and then average down. I don't set stops -- if I don't think an issue will do well, I just sell it. Did that with JDCA the other day .. bought it at 11 3/8 and sold it at 11 because I didn't like the way it performed. SIFY was written as being another CHINA type deal and was supposedly hot ... so I am staying with it.

To: Jim B who wrote (19378)	10/19/1999 11:42:00 PM
From: KevinThompson	Respond to of 108040

I am completely convinced that Market Makers and Specialists can "see" the stop orders. There have been plenty of times that like yourself, I've had to place stop orders because of not being able to monitor for a period of time, only to come back to check and see that I was stopped out. But the annoying part is that the dip (or peak in the case of a short position), is only enough to take out my stop, then the price trades back to where it was. I have since decided not to use actual stop orders if at all possible, but instead to only use mental stops. (There are some problems with those as well, having to do with discipline, but that's another subject.) Good luck, KT