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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Joe Smith who wrote (48430)	3/5/2001 3:35:04 PM
From: Mark Konrad	Respond to of 57584

Yeah, Joe. I use stops all the time and don't feel guilty. If I can see a support line on a chart I'll use that number; otherwise a 2-5-10-or-whatever percent stop works for me. Several smaller losses are far preferable to huge declines, imo, even if only psychologically. Same with locking in gains; move the stop up or set a limit...no guilt! Fear and greed...turn your chart upside down and we're looking at March, 2000. That monster drop didn't happen in one day. It's still playing out and we'll only really know it's ended by looking through the rear-view mirror. I ask myself if 3-6-9 months from now JDSU will look cheap at $25 just as I should have asked whether $70 was high enough for LPTH(A) a year ago--MK--