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

To: Tom Griffin who wrote (4709)	2/25/1998 5:07:00 PM
From: Kevin Hay	Read Replies (1) \| Respond to of 7396

newbie question: How do you determine what your stop loss will be when you get into one of these short term trades? As a general rule, I don't build a position unless I can afford 2 to 3 buys, be it short or long. But if you pick a dog this can really kill you. Pardon the beginner question, but I'm interested in doing some of this kind of trading. Actually, I just switched from long to short on VLSI, hoping to get a little hit. But even on this, I'll average my short position if the stock continues up.... thanks, -Kevin

To: Tom Griffin who wrote (4709)	2/25/1998 6:24:00 PM
From: TATRADER	Respond to of 7396

Tom, there are all kinds of games going on...MSX..That is how the other guy takes your and my money...I will stay long on this stock..Two days above neckline at 20.00...Pattern on MSX is 17 by 20....ADX has moved up to 23...Higher low....There are games being played on COBR...Shaking out shares.... Take a look at SVGI, SIGA, ALTR,CPRD(I am in this one)......Mark