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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (36723)	2/28/1998 7:59:00 AM
From: Bald Eagle	Read Replies (1) \| Respond to of 61433

<<It is my humble opinion that a stop loss sell order is typically a bad strategy.>> Why do you think it is recommended so much by the pros? I used to use stop losses a LOT. However, as you point out, I often lost my shares at the low point of the day, never to see the price return to that level, except maybe months later. Now, I prefer covered calls. They limit my downside and they force me to sell at a profit, rather than forcing me to sell at a loss! BTW, you might be right about buying puts instead of selling covered calls, but almost all my money is in IRA's, so that's all I can do. Also, since I started just a couple of months ago, I have been very successful with them.