Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave Pestle who wrote (12356)	3/10/2001 10:57:28 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Each situation is different, in some cases, where my first entry is in the middle of the raneg (like QCOM at $55), I won't get out until it reaches a very well defined support level at $50 (or just under that) and even will double up if it get close to $50 (worked very well the last time), in other cases, when the play is with "falling knives, where I am trying to guess an intermediary trend, I get out as soon as see "bunching" of the ask (whether below or above my buy point). Typically, my "no more pain" point is 10%, but in some volatile issues, I have doubled up at deeper retrenchments as well. You must understand that that specific "style" is for a bear market, when all a long can do is play the bounces, and try and stay out of major declines. In a real bull market, the tactic is quite different. Zeev