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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Handshake™ who wrote (145015)	5/26/2007 7:39:35 AM
From: skinowski	Respond to of 209892

Looks like PPG actually did break down last summer, but eventually bottomed in August - near 59. So, by following my short-term analysis back then, you would be out... LOL! Anyway, at this time PPG is in an established uptrend. Using trailing stops of some sort would lock in profits. Another way of playing it could be a "collar" -- sell (OTM) covered calls, and use the proceeds to buy puts. If the rally goes on steady, this may in itself act like a trailing stop. If you get more for your calls than what you spend on puts, that may add to your gains. Would be nice to do this if - and after - the stock makes another swing up: calls would be more expensive, and puts cheaper.