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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?

To: w2j2 who wrote (9648)	11/14/1998 1:16:00 PM
From: Ed Frye	Read Replies (1) \| Respond to of 12559

Hi wj, You could be right. Sometimes I buy with GTC limit orders that seek to capitalize on an intraday dip and sometimes I buy with stop orders that try to catch a stock as it moves up. Currently, I have a GTC limit buy on FORE at ~10 in case we retest the recent lows and form a double-bottom. Even if 10 isn't retested I think 13 will be. There were a couple of small gaps at 13 +/- in the recent run-up that I think have a good chance of being filled intraday. I'm thinking about either placing another GTC limit buy @~13 OR a buy stop order that follows it down. The problem with the buy stop order was well illustrated last Thursday. After probing to near 14, it ran up to ~15.5, only to fall back to the low 14s again. Fortunately, I did not have any buy stops on but I bet a lot of folks did and got sucked in. Once my buy order(s) are filled, I'll immediately enter limit orders to sell 1/2 @ ~17.5 (next resistance) and 1/2 @~21 (the next resistance after 17.5 and the 30 week moving average). If successful, total return = ~50%. What do you think? ed