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To: Henry J Costanzo who wrote (45621)7/5/2005 12:24:52 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 213176
 
The problem with stops in a situation like this is price is highly likely to gap right past them: stops then revert to market orders and market orders in an AH gapping situation are like hanging a giant flashing "F*** ME HARD!" sign around your neck.

An awful lot of people (including myself) more or less expecting some kind of nasty down move here...yet price is holding solid. Hopefully that means it isn't the crowded position.