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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (8000)	11/3/1997 4:44:00 PM
From: Rudy	Respond to of 13456

>Tried to do that with AMAT in at 47 1/2, Out at 32 1/2..< My absolute rule for flipping a stock: Get out at 1.5% loss no matter what!!! That would have saved your bottom... :-)

To: AlienTech who wrote (8000)	11/3/1997 4:48:00 PM
From: Wayners	Respond to of 13456

Gotta use stop losses. I've been stopped out for a few percent loss to avoid the 10 to 30% loss. I was doing ALSC right at its top at $15. Held over a weekend and really looked at the chart. It just did n't look right and I was very nervous about it. Put in a stop limit, hoped for a bounce over the next 3 days which never came and then we had the day where the Malyasian currency imploded. Got out of ALSC at $14.8125 and it eventually went down to $7 and change. Whew!! No such luck for me on APM. Held APM way too long and became a fundamental investor. That is simply not me. Never again. No volatile technology stock should be held longer than 2 months period. Wayne