Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (630)	9/24/1998 3:29:00 PM
From: Judy	Respond to of 43080

GPS ... positional short posted a couple of weeks ago when the retail sector was hitting a buying climax. Finally fell apart today as expected with the help of the market.

To: LastShadow who wrote (630)	9/24/1998 5:45:00 PM
From: Dave Shares	Respond to of 43080

TWLB I was up about 8% after yesterday in the experimental portfolio. I thought about setting a protective stop at a 5% gain, but did not declare that I would. In hindsight, that would have been a good idea. After a two day hold on a position play, is a protective stop really the right thing to do when the overall increase is still under 10 %. Theoretically, the issue could have dipped, stop could have triggered, and then bounced back for a gain that would have been left on the table. The issue tanked today, but tomorrow is another day. Your opinion on this question ? David