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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: advocatedevil who wrote (44730)3/29/2001 4:37:54 PM
From: Cary Salsberg  Read Replies (3) | Respond to of 70976
 
FWIW: In 3 VERY small accounts I manage for relatives, I executed GTC orders for JDSU at $18 and $17.5.



To: advocatedevil who wrote (44730)3/29/2001 7:25:51 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 70976
 
ST trading:

I've decided that, for now, I'm only going to play the upside. Sentiment on the techs is so horrible, we've got to have a bounce soon. Stocks like NTAP and CSCO and EMC and LU and JDSU, never mind the second or third-tier companies, are going down so fast that if their current trends continue, they are going to hit zero soon. So that trend can't continue. There has got to be a snapback, to recover a large fraction of the recent losses. Yeah, it's probably just a bear rally, but the SOX could go up 50% off recent lows, over 3-4 weeks, and I don't want to short into that.

Plus, there are getting to be some stocks that, if I go long and my trade doesn't work, I wouldn't mind holding them at these prices.

And I'm not at all confident of the safety of stop-loss orders. Stocks seem to be making all their daily moves in the first and last hour of trading. Big gaps at the open, either up or down, are common.