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Technology Stocks : Lycos -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (777)	7/21/1998 10:21:00 PM
From: .com	Respond to of 2439

NucTrader, I agree with you. But keep in mind that not everyone can watch the market all day long. In such cases, placing a stop to protect you downside is not necessarily a bad idea if you leave yourself some wiggleroom within its trading range. (Such as a stop for Lycos at 63 or so in case the Internet sector just falls apart one day, which it will probably do, and you are not someone who watches their stocks all day long). You are right about that being a risky practice on NASDAQ though, especially with something which flies all over the place, and has become a daytrading vehicle, like Lycos.

To: NucTrader who wrote (777)	7/27/1998 11:58:00 PM
From: grasshopper	Read Replies (1) \| Respond to of 2439

Nuc Trader, You are absolutely CORRECT about MM's STEALING your shares on STOP orders. Those bast ds took me for SIX figures!!! Don't put in any stops on a stock you really want to keep. On the other hand, after having a real BAD tatse for stop orders, in didn't occurr to me to enter daily stops on my AMZN options, and instead of selling for a profit, I COULD HAVE made 20x the profit instead of selling out TOO SOON for only 5x the profit. :( In short (no pun intended), don't place stops unless youi are ready to sell. I'm back in on this LCOS roller coaster for the rest of the summer. grasshopper