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To: DOUG H who wrote (4162)	8/25/2000 12:39:11 PM
From: jjkirk	Read Replies (1) \| Respond to of 13572

Where were your protective stops Doug? Huh? Well?? Well, Dough, you raise an old question that I have been thinking about...protective stops! Before I came on SI, I kept a daily spredsheet where I place stops just below the previous day's low in an up mkt...then I "learned" that posted stops were just a target for the MMs. I was too slow afoot to sell this thing...so I am lucky as Greg says... I would love to use this as an occasion to rediscuss the posting of sell stops vs the mental stops......Anyone? jj@confusedasusualoleman

To: DOUG H who wrote (4162)	8/25/2000 12:43:32 PM
From: McNabb Brothers	Read Replies (2) \| Respond to of 13572

I do not use stops! Let me ask you a question, if you were selling your house and say someone offered you $20,000 less than your asking price of $100,000 would you sell it? If you would have had a stop on your house then you would have had too! Stops used in this EMLX situation were more than likely filled much much below their stop prices anyway which makes stops almost unless IMO! Hank P.S.-If I'm going to be gone for sometime I will use sell stops, but I will not put in a sell stop on a stock.