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To: freeus who wrote (6015)12/26/1997 11:53:00 AM
From: JakeSki  Read Replies (1) | Respond to of 10368
 
>>I've a lot to learn. On to 1998 and a smarter investing
Amen to that.

I would be a bit careful about trailing stops - unless you make then 'mental'. The MM's will eat your trailing stops for lunch.

-- George



To: freeus who wrote (6015)12/26/1997 12:06:00 PM
From: Market Tracker  Read Replies (1) | Respond to of 10368
 
The market seems to recognize the potential possibilities of having ~ $10-$13 million new dollars in the corporate coffers. This should bode well for 1998. Hope everyone had a wonderful holiday season, as we look forward to a prosperous 1998.

Last at 7 1/4 volume 266,200



To: freeus who wrote (6015)12/26/1997 12:31:00 PM
From: WallStBum  Read Replies (2) | Respond to of 10368
 
...I have to learn about trailing stops ...

Peter Lynch in One Up On Wall Street, says something regarding his dislike and non-use of these as, something to the effect that you are predicating or anticipating a loss and will automatically exclude yourself from a turnaround play.

I'm sure I didn't do his explanation justice. I'd read the book - it's very good.

dax

PS - BNGO really on the rise - intraday high of $7 1/2 or about 50% since Monday - WOW!


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