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To: Percival 917 who wrote (12056)	4/10/2000 10:49:00 PM
From: Poet	Read Replies (1) \| Respond to of 35685

Hi Joel, I think the situation you're describing re. stop losses happens during gap down opens rather than intraday downdrafts, no? If not a physical stop, then maybe a mental stop might help. If I'm down by 1/3 on a position I just entered recently and the NAZ is tanking, I'll sell. Usually the market provides you with another opportunity, especially this nutty market. Any way you trade it, this is a very stressful and difficult market. I think we can all agree on that.

To: Percival 917 who wrote (12056)	4/10/2000 10:54:00 PM
From: lindelgs	Read Replies (2) \| Respond to of 35685

Evening Joel...I used stops several times last year "to protect my gains". It seemed to me that I'd set a stop (ratcheting it up) and wham, I'd be out. This year, instead of setting stops on certain things (Verisign comes to mind), I bailed and just took my profits. Someone once told me..."Nobody ever went broke taking a profit." This phrase works for me in the instances when the stock keeps climbing. Regarding the situation you mentioned, wouldn't setting a stop limit give protection? Just my very small 2 cents. Legs