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


To: dan6 who wrote (48502)3/6/2001 1:41:06 PM
From: Mark Konrad  Read Replies (1) | Respond to of 57584
 
Great question, Dan. ALL my positions have stop losses but some are at different levels...for example: I currently have two positions in CS, one at 13 1/4 and one at 13 1/2. Since CS is now about 14 1/4, I've moved the sell stop up to just under 14 on one and about 13 1/2 on the other. My enviable position on these trades (so far) virtually guarantees a profit on one position while allowing a little extra "breathing room" for the other. If we continue this rally I'll allow a little more room on both but, given current market conditions, my emphasis is towards preservation of capital as opposed to pure go-for-the-throat aggressiveness...that will come if this rally, or another, builds real momentum.

Does that answer help?--MK--