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 : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: gracie2002 who wrote (27125)	1/30/2003 4:03:32 PM
From: Mike M	Respond to of 30712

Yes gracie. An example was a position I took recently intending it to be a swing trade. I bought NEM @ 30. When the stock began to move down, I shorted an equal amount of shares @29.70. I could have sold the shares outright but I still believed that the stock would reach my upside target. The box limited my loss to .30 while the position was in place. When the stock reached 29 today, I decided to close my short position and leave the long in place(net gain .70 on the short). The stock is closing today around @29.60...That leaves me in a position of having purchased shares @30 the long position is .40 below what I bought it at but I am currently up .30 thanks to the box. It doesn't always work out that way but very often does. Of course, I have to be pretty sure of the long or I just take my loss and run.