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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (3734)	11/14/1997 1:49:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 4701

BICO.... >>>I bought BICO at 1/4. Do you have a stop/loss in mind, or an exit plan, if it doesn't double?<<< ************************************* Linda: There is good overhead resistance in the 3/8 area on a closing basis... But, it has touched 1/2 on an intraday basis... One strategy might be to place a limit sell order at 1/2 to catch any news sensitive intraday move... Another strategy would be to do the above with half your position and hold the other half for a possible homerun... The final strategy would be to hold it all for a possible move above 1.00 if there is any hint at FDA approval of the Diasensor 1000 or positive feedback from Europe and Asia... I haven't made up my mind which way to go yet, although I'm leaning towards the 1/2 in 1/2 out strategy... Jim