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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Carl H. Gotsch who wrote (8489)	12/16/1997 8:31:00 PM
From: Bill Wexler	Respond to of 9285

<<(If I can't resist, I will at least set tight stop losses so that the damage will be minimized!)>> Not me. Stop losses imply day trading...and they won't help much in a case like RMBS where the stock may open 15 points higher. I absolutely will not deal with momentum stocks in the future until all the cards are out on the table. If I make another error like diving into a Yahoo too early, then I'll feel that I'm just as much of a gambler as the momentum longs. BTW, looking forward into 1998 - there is still plenty of room left in the "known", broken dogs like ZITL. There is more profit to be made percentage-wise from 10 to 1 than there was from 70 to 10.