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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (39802)	8/6/2001 1:46:08 PM
From: RR	Respond to of 65232

Tim: We have not talked about the use of stops on the Porch in a long time. Good to see some discussion on that. When I am away for the day and can't watch the market, I almost always have stops in place. Has saved my rear many times. Trailing stops are great when sitting on profits. Helps protect the profits and keeps the greed in check. Stops to cut losses, well, with options, that can get tricky because of some rather extreme percent intraday moves as you know. Still a good practice to preserve capital. RR