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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: dave rose who wrote (11657)	11/19/2009 9:23:37 PM
From: rubbersoul	Read Replies (2) \| Respond to of 48092

I am probably not the one to ask, lol. I have a simple strategy nowadays: define the trend(s), raise cash when stocks are overbought, hunkerdown and buy when they are oversold. One can hedge by buying puts or inverse etfs. There are so many ways, Dave as you might know. IMO, we are entering or in the midst of a strong period for gold...till March I think. If you've doubled your capital I personally would sell 1/3 and bank it.<JMO>

To: dave rose who wrote (11657)	11/19/2009 9:23:51 PM
From: 22jt	2 Recommendations Respond to of 48092

Trailing Stop from BMO InvestorLine Help/help.do?method About Trailing Stop Orders When you buy a stock, your objective is to sell it at some point down the road for a profit. Using Trailing Stop Orders as part of your overall investment strategy can help you lock in your gains and minimize your downside risk. A Trailing Stop Order is a sell order that follows, or trails, a stock's price as it rises. Rather than placing a Sell Order that specifies a firm price at which you're prepared to sell and lock in your gains (Hard Stop and Limit Orders), a Trailing Stop Order will monitor the movement of a stock price as it climbs. Your Trailing Stop Order's trigger sell price, or Stop Price, will be recalculated each time a new closing high is reached, to potentially lock in greater gains. To minimize the number of small fluctuations in your order, your Stop Price will be recalculated based on the following minimum increases to the previous closing high: Stock Price Increase in previous closing high, which triggers a recalculated Stop Price $5.00-$25.00 $0.50 $25.01-$50.00 $1.00 $50.01-$100.00 $1.50 $100.01+ $2.50 Please note that Trailing Stop Orders are only accepted on stocks valued at $5.00 per share or higher. Here's how it works: The initial Stop Price that triggers your order is calculated based on the previous day's close and the percentage you've selected to trigger your order. For this example, let's assume yesterday's close was $20.00 per share. When you set up your Trailing Stop Order, your Stop Price will display as a 20% reduction from the previous day's close, in this case $16.00 per share. Let's assume that the next day stock XYZ's price increases and closes at $21.00 per share. Your new trigger sell price will be calculated at 20% of the $21.00 per share high, or $16.80 per share. In this way, your Trailing Stop Order follows, or trails, the stock price as it rises, and recalculates your trigger sell price upward to lock in potentially greater gains. If the stock's price falls to your order's Stop Price, your Trailing Stop Order is triggered to become a Market Order and will be filled on a best-efforts basis at the best available price. We cannot guarantee your Trailing Stop Order will be executed at the Stop Price indicated once your order is triggered to become a Market Order. In volatile markets or with volatile stocks, the price you receive may be considerably less than you expect. To reduce your downside risk, you have the option of setting a Limit Variance in those markets that permit it (not available on Nasdaq). The Limit Variance is a restriction on your order, used to calculate a Stop Limit price. By placing a Stop Limit on your order, you're saying you won't accept a price less than the Stop Limit for your shares. The Stop Limit is calculated as the difference between your Stop Price and the Limit Variance you specify. (Stop Price - Limit Variance = Stop Limit). In certain situations, your order may be triggered soon after you set up your Trailing Stop Order, but before the stock price has a chance to climb to a point where you're in a break-even position on the transaction. Although it was most certainly not your plan to sell at a loss, you'll be protected from further losses if the stock price continues to fall. Placing a Trailing Stop Order To place a Trailing Stop Order: Select Trailing Stop from the Action drop-down menu. Enter the Symbol for the security you wish to trade. Select the Market on which you want the order to be placed from the drop-down menu. When you enter the symbol and market, the Quote tab activates, displaying all the real-time quote details for that symbol. This will also display the Previous Close for your stock, since the initial calculations for your Trailing Stop Order are based on the previous day's close for the stock you choose. Enter the Quantity of the security you would like to trade. A Percentage is used to calculate the Stop Price for your order. The percentage indicates how much of a drop in price from the previously recorded high you're prepared to accept before selling your shares. The percentage is applied to the previous day's close for the initial calculations of your order's Stop Price. You may choose to apply a percentage anywhere between 10% and 50%. For this example, let's assume yesterday's close of stock XYZ was $20.00 per share. If you select a percentage of 20, your Stop Price will display as a 20% reduction from the previous day's close, in this case $16.00 per share. In this example, you would type a value of 20 in the Percentage field. To reduce your downside risk, you have the option of selecting a Limit Variance in those markets that permit it (not available on Nasdaq). The Limit Variance is a restriction on your order, used to calculate a Stop Limit price. By placing a Stop Limit on your order, you're saying you won't accept a price less than the Stop Limit for your shares. The Stop Limit is the difference between your Stop Price and the Limit Variance you specify. (Stop Price - Limit Variance = Stop Limit). For example, if your calculated initial Stop Price is $16.00 per share and you select a Limit Variance of $1.00, your order now has a restriction on it. Your order will be triggered to sell at $16.00, but will be held if the market price falls below $15.00 before your order is filled (the difference between the Stop Price of $16.00 and your Limit Variance of $1.00). Note: If you leave the Limit Variance blank, your order will be triggered as a Market Order without restrictions. If you indicate zero in the Limit Variance field, you won't accept less than your Stop Price for your shares and your Trailing Stop becomes a Limit Order. Select the Settlement Funds you would like the trade to settle in. For your convenience, the default is Canadian dollars. Good Till expiry date: a Trailing Stop Order is good until you cancel the order. We request your contact information in case a BMO InvestorLine Representative needs to reach you about your order. If you're away on business or on vacation, you may enter a Contact Phone number where we can reach you. Otherwise, we'll call your regular phone number. Select Remember this contact information to avoid having to enter it more than once for a single session. Click on the Clear button to clear the Order Entry screen and start again. Click on the Submit button to proceed.