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To: Victor Lazlo who wrote (87483)12/14/1999 10:37:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
Victor, I didn't snort. I have never set a stop-liss at 8%. Ever. It's tight stop-losses that cause days like today.

An 8% stop-loss is too tight for a high-beta stock.



To: Victor Lazlo who wrote (87483)12/15/1999 11:28:00 PM
From: Randy Ellingson  Read Replies (2) | Respond to of 164684
 
Victor-

An 8% loss is a widely-recognized point at which to stop your losses, sell, and move on.

Why does it matter whether one is down 8% or 25% if the company is one you believe is undervalued to begin with? There are people who bought YHOO early on, only to watch it drop by 40%, and they're now up x hundred %. What am I missing?

Randy


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