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To: Art Bechhoefer who wrote (92439)	7/18/2001 1:40:44 AM
From: CpsOmis	Read Replies (1) \| Respond to of 95453

Hi Art! Your comments regarding testing a computer program intrigued me. First, is this a proprietary program or one that is for sale on the public market? Was also intriqued that you were disappointed in 1%/day returns...obviously if that is a pretty consistent return, annualized that is pretty good! Would you mind sharing what program you are looking at, costs etc.. etc..? Thanks, Cosmo

To: Art Bechhoefer who wrote (92439)	7/18/2001 8:49:02 AM
From: Frank Pembleton	Respond to of 95453

Art, the way I use stop-loss is more of less an exercise in discipline. I tend to run it very loose at the beginning of a trend. I'll allow twenty percent for market volatility if I can see the potential of huge gains. As the sector begins to age, like we've seen with the oilpatch, I'll tighten up the stop-loss to about five percent or less. This way I don't have to worry about predicting to ultimate top, and I don't have to worry about chasing the stock all the way back to where I bought it, -- at the beginning of the cycle. :) I've noticed you keep accusing me of being glued to the computer screen, -- I am in a way... I'm a Mechanical Engineer and I sit in front of AutoCAD 10 hours a day + I manage a busy machine shop, so Silicon Investor is a nice way for me not to loose my mind. I actually spend more time BS-ing with the SD crew than I do tracking my stock quotes. Regards Frank P.