Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Nicole Bourgault who wrote (48023)	3/22/2002 10:54:33 AM
From: Nicole Bourgault	Read Replies (1) \| Respond to of 56537

Sold JNPR 12.31 in 11.28 Sold puts 1.00 in .85 Nicole

To: Nicole Bourgault who wrote (48023)	3/22/2002 11:59:08 AM
From: Trader J	Read Replies (2) \| Respond to of 56537

Nicole: PLCM - Sometimes you have to give a stock time to work. PLCM is one of those that, when it bases out, it will sit for a bit and not do much ... and then start climbing rapidly. Even as I watch it now, it seems to be starting that pattern. I really, really, like the 23.50-24.00 range on this stock and while I would have preferred the 22-23 that we had, I usually pick my points and don't question them too much. This is one of the stocks that will need a little room to run, and a little patience. Of course, by doing that, you always run the risk of getting caught in to major selling ... which is why we should all use stops to protect the downside. A stop on PLCM of 22.00-22.50 is adequate given the volatility of this issue. Great trading recently Nicole, you are really doing well at taking those 1 point gains without looking back. Great job!!! J