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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Matt G. who wrote (15440)4/24/1998 1:58:00 PM
From: Doug R  Respond to of 79273
 
Matt,

Many of the stocks here are very volatile and using stops upon initiating a position will often get you shaken out if placed within 10% of any buy price. This would have been true for AINN since it first hit the thread at, I believe 7 7/16 and got to 8 before dipping to under 7, and then the attitude kicked in. Of course, once it's moving, protecting profit with a trailing stop is a good idea.

Doug R


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