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Strategies & Market Trends : The Market Taught Me That...... -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (113)	11/10/1997 7:26:00 PM
From: gregor	Read Replies (1) \| Respond to of 151

Thank you for your advice ??? Do you find that over time you have done better with stops or do you get stopped out only to see the stock "correct to new highs """....gregor

To: Michael who wrote (113)	11/10/1997 7:54:00 PM
From: Richard Estes	Respond to of 151

what was your goal? did you buy on a story from media? good idea on stops, but have you looked at where you would place them on the way up? usually best to set the at a little under support. Buy and hold is risky.

To: Michael who wrote (113)	11/11/1997 1:01:00 PM
From: Kevin R. Ballou	Respond to of 151

Michael: That wouldn't be S3, would it? The lesson with it is that real investing requires an evaluation of management. Inept management can run a good company into the ground. KRB

To: Michael who wrote (113)	11/11/1997 3:20:00 PM
From: Michael	Read Replies (1) \| Respond to of 151

One danger with stops I should mention is that if there is really bad news, the stock usually opens way down and you will be stopped out. Often in the afternoon (or even right after the open), the stock steadies. That is one big risk with stops. To have a stop at 10 and find out you sold at 7 is pretty bad. Often there are so many people trying to sell at the open that you get a lot less than you can an hour or two later.