Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: JK who wrote (4164)	1/27/1998 11:26:00 PM
From: TATRADER	Read Replies (3) \| Respond to of 7396

Yes I use them, and no I don't use them...I have a buy stop on CSCO, to protect me and keep me at a 7% loss if I am wrong...But I think 60.00-60.50 will hold...Will find out tomorrow...On some stocks like XYLN, I don't use a buy stop...The pattern protects me so I can usually get out before a big move in the opposite direction...If XYLN takes out 15 with authority, I will put in my buy cover order right then and there....It seems today that XYLN did not like the 13.50 area, great support there...We will see in the next few days if she wants to test this area again, or whether this is the reversal before the earnings run...Either way, my take is that the stock is going down long-term....Regards, Mark