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To: jhg_in_kc who wrote (56364)	8/5/1998 3:53:00 PM
From: SecularBull	Respond to of 176387

104.

To: jhg_in_kc who wrote (56364)	8/5/1998 3:54:00 PM
From: JRH	Read Replies (1) \| Respond to of 176387

Anybody have real time quote?

To: jhg_in_kc who wrote (56364)	8/5/1998 4:51:00 PM
From: Boplicity	Respond to of 176387

It's a cause and effect situation with breakfast and going to the bathroom. Enuf potty talk. WOW. I guess we could call that a reversal that happen at the end of today. hmmmm Greg

To: jhg_in_kc who wrote (56364)	8/5/1998 6:43:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 176387

jhg, some words of advice from Chuzzlewit the Cat: Never use stop losses! It's an invitation to the market makers to rob you blind. Never sell a stock on anything other than fundamentals (or for tax reasons or because you need the money for some other purpose). Time and again you will end up getting hurt because you can't time the market, and if you try you'll end up churning your accounts like crazy. TTFN, CTC

To: jhg_in_kc who wrote (56364)	8/6/1998 11:29:00 AM
From: 4 - Bob	Respond to of 176387

<<I put a stop loss on all my dell in at 100 last night thinking it would never go into effect but would just be insurance. I am out now.>> Ouch!!! Someone made 6 3/4 points on your shares by the close a few minutes later. The price of insurance. Your episode graphically points out a downside to using a stop loss. You run the risk of being stopped out of your shares during a temporary dip that may be in effect for a very, very short period of time. Reentry will most likely will have to be made at a higher price. With earnings and a possible split on the horizon, it seems prudent to reevaluate and readjust the risk/reward relationship. Purchasing protective puts can also offer insurance against the risk of a tanking stock while allowing you to determine if you want to part with your shares. 4-Bob

To: jhg_in_kc who wrote (56364)	8/19/1998 6:34:00 PM
From: 4 - Bob	Read Replies (1) \| Respond to of 176387

jhg, Watching DELL's stock price action moments prior to market close on earnings announcement day tuesday (August 18, 1998), reminded me of your post on August 5 Message 5419557 and my response Message 5427088 This was a classic example of how a stop loss order can actually defeat its intended purpose. DELL ranged between $112 1/2 and $113 1/2 most of the day and dipped moments before the close to under $110 and opened the next day above $120. A $110 stop loss order would have been an irresistable invitation to take your shares from you at blinding speed, in what turned out to be a momentary dip and not a real downturn in price. DELL's BTO/JIT model "ain't" just for their customers. The earnings report and split announcements represents DELL's BTO/JIT model for their shareholders. 4-Bob