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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Christopher Loe who wrote (7720)2/13/2004 10:04:51 AM
From: isopatch  Read Replies (1) | Respond to of 108781
 
Chris. They been doing that to some of mine in the past few

weeks, too. Very hard to use stops in this market. In fact, I've gone in bare back on quite a few trades where I know the stock is volatile and the MMs will try to stop out everybody and his grandma before the trend takes over.

Real nasty market. And frankly? Another argument in favor of being in capital preservation mode (i.e. mostly watching with a mountain of cash reserves) instead of being very aggressively positioned as was the case last year and into January.

All FWIW,

Isopatch



To: Christopher Loe who wrote (7720)2/13/2004 10:09:40 AM
From: Christopher Loe  Respond to of 108781
 
It's early, but the beginnings of a cup & handle forming on ORCH. $2.20 needs to hold as the bottom of the handle, but I don't anticipate it getting that low, just a nice gentle slant downwards will do, pivot is $2.80 or so.

Chris


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