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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Grashopper who wrote (6328)	10/16/2000 1:05:13 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I would put a stop loss (mental and closing) at just under $53.5. The rational stop loss is really $9-7/8, but for me it is a loss in both positions I have ($54.5 and $50), so I arbitrarily put it below the last few days' low. I think that is not something to worry about too much, unless you think there might be another four five points trade on this. I was looking at it at $58 this morning and decided that I'll wait until the real overhead resistance at about $63 is reached before I decide on doing anything. Zeev