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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (16504)	10/9/1998 11:49:00 AM
From: Jenna	Respond to of 120523

MSPG,ELNK.. Buy stops-Trailing buy stops after 'buy' signals triggered by your 5 minute charts.. MSPG..ELNK,easy entry they all went back to 1/2 point above their historical close. You need only put in either a buy - stop, trailing buy stop or audio alert if you are a little conservative. Buy stop would have been good at 1/2 above the historical close yesterday namely 26 for MSPG and 34 1/2 for ELNK.. I set tight stops, usually too tight (4-5%) because I don't like staying in a trade that starts to sink. Mostly I set mental stops because I don't hold more than 1-2 days and I don't like getting stopped out of a stock that is so volatile it can easily move back up again (i.e.RMBS) You should do that with tough calls like internet stocks because they are so volatile. It will free to make other trades... Very efficient way to trade when you go long and short in one day or you plan on making 4-5 daytrades and you don't want to miss any plays.. Although today I did not go short or buy any puts.