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

To: ibrandybuck who wrote (6716)	11/12/1998 11:16:00 AM
From: Wowzer	Read Replies (1) \| Respond to of 7247

Here is an interesting stock for when everybody is done whining about Tim or kissing his ass... BTSR (7 7/8). Announced earnings today at .14 when taking out one time non-cash expense. Yahoo headlines show them missing -.13 but Yahoo included the one time expense. Revenues strong and increased by 80% positive forward comments book value 9+. Stock open higher then sold off on relatively low volume, recent insider buying in the 6 to 7 range. Could be good for a couple of points..... Also like SALT quite a bit eventhough it is trading near its highs low PE strong fundamentals good prospects etc. For the life of me can't figure out why it traded as low at 8... Rory

To: ibrandybuck who wrote (6716)	11/12/1998 11:38:00 AM
From: Bradville	Respond to of 7247

I agree with this. For me anyway the single best thing I did to stop losing money was to avoid stop loss orders. I have argued with myself over this and many books say to use it. Instead, when I buy, usually I buy half lots and I am prepared to hold for months. If the market starts going up and the stock is still trending down than I may take loss. Of course if it goes up I set a target then stick with it. Not easy though.

To: ibrandybuck who wrote (6716)	11/12/1998 12:56:00 PM
From: Fredman	Read Replies (1) \| Respond to of 7247

After i say this, end of discussion, OKAY ? I agree with you 1,000 % on MM's dropping down to take you out - it's happened to me. But if you buy something at 10.00, it goes to 20.00, what could possibly hurt by putting in a S/L order in at 15.00 IF you can't watch it all day long ? And what about the infamous 'after hours trading' ?? and what about something opening 'sharply' lower than what it closed at the previous day ?? Yes, i know your order can be bypassed if one day it closes at 18 or 19, you have a S/L in at, say 17, and for some reason it opens at 16, you still get screwed as it never 'hits' your magic number of 17 on the way down. Now, i can understand, with above scenario set, i would not want to put in a S/L at 19.75, 19.50, or even 19.00, but at 15, don't you think you'd be away from the MM's a bit ?? AND you'd still be locked in to a profit FOR THE MOST PART ?? the other thing is, I have been really screwed by MM's on the NASDAQ and OTC, but not much on the NYSE or even AMEX as they have different policies regarding (mm) trading, so it really does depend on where your stock is traded. Then again, as i keep getting told: I could be wrong.