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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (577)	6/2/2005 6:57:25 PM
From: Walkingshadow	Respond to of 4814

I don't know what your cost basis for BWNG was, but if I had 8% to 10% profit in that stock, I would definitely take half the position off the table and set a stop on the other half at no lower than break even. That way you lock in a nice profit for half the trade, and for the other half you at worst break even, and at best expose yourself to the possibility that BWNG charges right through overhead, with you and your upwardly-adjusting stop right along for the ride, locking in more and more profits methodically, hence injecting less and less risk into the trade. T