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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: tom r. phillips who wrote (6074)	3/16/1998 1:49:00 PM
From: LastShadow	Respond to of 120523

Responses: Beau - Welcome to the thread, but would you mind just posting the URL next time rather than the whole enchilada? Thanks Stops: I set 'real' stops with my online brokers, and no, capitalization and trading volume doesn't have lot to do with it. Price AND volume movement together influences it but generally I just work on a percentage basis for protective and profit exits. As for the intraday, I usually only check the market about 4 times a day- preopen (7:30 am or so), open, somewhwere between 11 and 1 depending onl time available and if I am looking at at up gap stock, and 3:30 or so. Gap Up - I posetd a general opening gap strategy a while back - its basically like this - you look at the stock between 1.5 - 2 hours after open. Note the high and low for that period. Set a buy stop a couple of ticks above the morning high, and a short stop a couple of ticks below the morning low (although I do not recommend that novice traders short). If the price goes above the morning high after the initial selloff you are filled and then you look at it around 3:30 and decide whether to hold or exit - either way you set a protective stop. Now, if the stock gaps at open and is still screaming up at 10:30 or so then my recommendation would be to pass on it. lastshadow