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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (6142)	11/14/2005 11:28:52 AM
From: chowder	Read Replies (1) \| Respond to of 13449

Welcome aboard EKS. When buying a stock that has been beaten down, like BRCDE has, it is tough to determine where price is going to go and what length of time it will take to get there. The reason for this is that there is an awful lot of overhead supply waiting to come to market. You have a huge contingent of shareowners who are praying to the stock gods that if price can come up to their entry point, they will get out and never buy a falling knife again. Of course they will, but that has nothing to do with BRCDE. That overhead supply is going to put down side pressure on any attempt to rally. I think the best strategy to use on a stock like BRCDE is to use a trailing stop. Determine in advance how far the stock would have to retreat where you think it's a mistake to hold it. Then maintain that stop and adjust it as price rises, assuming that price does rise. stockcharts.com[h,a]daclyiay[d20050914,20051114][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G dabum