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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?


To: SBHX who wrote (10089)4/4/2000 10:35:00 AM
From: Tumbleweed  Respond to of 60323
 
...sell when losses exceed 10%. That has kept me out of serious trouble in the past.

sbh, we all have our strategies so good luck with yours, and what follows is not meant to be a criticism, just an observation.

With the recent size of market fluctuations, and especially Sandisk, 10% may be enough just to give you a guaranteed loss and nothing more. Whenever I set stop losses the stock always seems to mysteriously dip down juuuuust far enough to hit my stop loss and then carry on up again!

Sandisk has been exceptionally volatile recently (probably due to Seagate) so 10% may not be a wide enough margin of error. Personally, I would say that if you cant seeing Sandisk down 20% from where you bought you shouldnt buy. But that is on a trading horizon of months to years for me, your mileage may vary.....

Good luck
Joe