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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: William W. Dwyer, Jr. who wrote (1150)	9/7/1998 11:36:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 7382

Bill, I understand buying at the ask. Now, when you sell, do you do it at market? My concern of doing it with a limit order is if the stock slides below your exit point, you have to cancel and replace. Thoughts? Gary Korn

To: William W. Dwyer, Jr. who wrote (1150)	9/7/1998 11:46:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 7382

Bill, Point taken and of course at times everything you said is correct. I actually prefer to buy on the downtick....I am generally looking for a 2-4 pt swing so if I'm 1/2 pt early I don't really care too much. So I rely on 2 things....knowing the fundamentals and sentiment of the stocks I trade and generally I have preset targets ranges I expect the stock to trade in short term/near term based on technical analysis. If I'm wrong I'll take a 1/2~point loss. I try to limit my mistakes....it works for me. I also try not to trade stocks I wouldn't want to hold LT. And I specifically trade in beaten down quality stocks, earnings plays, and issues I expect to double in 12 mos. This keeps me from losing my ass. Tomorrow will be a good day to buy your favorites @ ask and early...But Friday was the time I was picking up my bargains...but I missed a few...particularly my OEX sept calls, which I should have been on ask @ close.<G> so now I'm really sorry! Jeff