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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Ed Forrest who wrote (54543)8/16/2001 2:23:23 PM
From: RetiredNow  Read Replies (2) | Respond to of 77400
 
Hi Ed and Jerome, I got in this morning at $16.63. Put in a sell order for $17.50 and am rolling the dice. Will sell if it declines to $16.10. Looks like we're entering the new trading range I mentioned before as my guess ($13-16).



To: Ed Forrest who wrote (54543)8/16/2001 2:25:46 PM
From: Jerome  Read Replies (1) | Respond to of 77400
 
Ed, I think your stop loss strategy is excellent but I would add a few wrinkles.

l)As CSCO breaks above 19 I would use 3%

2)With CSCO between 18 and 19 use 4%

3)With CSCO between 17 and 18 use 5%

4) With CSCO between 16 and 17 use 6%

My Idea of this is to prevent a call out at the exact bottom. I think that tighter bands at the top are a good idea, and looser bands near the bottom make sense.

Opinions from all are encouraged......Jerome