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To: Snowshoe who wrote (30346)10/5/1998 12:40:00 PM
From: Paul Angell  Read Replies (1) | Respond to of 95453
 
Greg,

Off thread I got my come uppance on CSCO today. I sold CSCO at 60 on 9/21 after being long from 30 and 2nd guessed myself on the bounce back up so I bought in again at 65.75 on 9/23. This time I thought I was being too damn clever so I left the safety stop off. Imagine my horror as she dives down to 46 this morning.

I learned my lesson again make sure you place stops in at 8 - 10% below the buy to limit the downside.

Paul.