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To: gbh who wrote (6733)6/19/1998 10:49:00 AM
From: William T. Katz  Read Replies (1) | Respond to of 164684
 
Gary, how do you decide where to put the buy stop? Someone before mentioned they like to give a $2 buffer to capitalize on momentum while preventing retrace. I put my first buy stop at 71 1/2, just above the opening gap down figuring there is some resistance there (is that true technically?). Do you keep moving your stop buy as the stock drops to lock in profit yet leave a $2 buffer? And if lots of people do that, could the big boys just start playing with the stock to set off those stop orders?

-Bill



To: gbh who wrote (6733)6/19/1998 10:49:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Glenn, I won't be too greedy. If its gets to 66-67 I'll box again. Have a buy stop at 70 to
absolutely avoid going back into the red.


I bought additional puts and will close those before close of market. There does appear to be an expiration affect. There are a lot of in the money calls and I believe the MM are accumulating shares to balance their positions for now.

Glenn


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