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To: Susan Saline who wrote (33990)	10/26/2001 1:54:25 PM
From: Kelvin Taylor	Respond to of 53068

you do have to be careful with tight stops. i learned that with INTU and a couple others. wanted to keep the loss in a set % here is a guide to use: take a look at the daily spreads between the high and low. if the normal spread on a stock is say 1.5 then you don't want your stop to be that. good chance you will be hit. if some news warrants the price to drop then sell. I keep averaging down in BEAS as the price dropped.. not easy but figured i can sell the lowest CB shares on the way back up while waiting for the full recovery later. at this point with the bad earnings out it might be safer to just wait and see. better to have been down a bit in ISSI for 48 hrs vs selling too soon. when the momo fires up then price won't be going down a lot....

To: Susan Saline who wrote (33990)	10/26/2001 2:12:03 PM
From: E.J. Neitz Jr	Read Replies (2) \| Respond to of 53068

"sunw -----it will make me rich" Just may..hope so. Here is a true life story. I bought three building lots from an old fellow about 15 years ago. When I dropped over Friday nights to pay the rent on a cottage I rented from him, while building a home on the Pocono Mountain land, he always had Wall Street Week on. Reflecting back on it, he was probally pisses that I interupted his show. Anyway, he and his wife lived a very modest life. Drove an inexpensive car, wore same shirt and pants (bought many of same type on sale probably at K-Mart). After knowing the man for a few years we were walking on one of his lots we got to talking about my new interest in the stock market. He told me he sold about 90 lots out of the 120 in his development and that after cost of roads etc, he made maybe 100K on all of it. I bought three of them because knowing the area I knew they were cheap compared to land values in the area. He told me that he did real well on Wang Labs Stock. Now, this was a period of no cable TV or internet. The first PC came out about 2 or 3 years before this. I asked him about this Wang Labs purchase. He said he heard about it from a guest on Wall Street Week and decided to buy some and "just put it in a drawer"....which he really did do! He said he bought Wang around $.50/share and held it a few years and he had just sold it. He said he sold it because he wanted a newer used car and just decided to sell it all because he needed the room in his drawer. He made about $500,000 on that one trade. He bought his Buick Century and now he didnt know what to do with the rest of the money. End of story. Period. At that time he was about 82 and died a few years later. Shortly after he sold, Wang went into bankrupcy. Point: No computer, no internet, only a TV using an outdoor antenna, and a full-service broker. So, if he could do it....so can you.