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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Tigress who wrote (10583)	12/1/1998 1:59:00 AM
From: Ms. X	Respond to of 34820

Tiger, Reversed right at heavy resistance. Buy on the next reversal up with the close stop. You know this trick by now. Use it when the stock retraces 50% or more from a 15-20 box run up. Don't try and guess where it might land. Always make sure your risk reward is good, 2:1. Take care, Jan I am

To: Tigress who wrote (10583)	12/1/1998 2:03:00 AM
From: Ms. X	Read Replies (3) \| Respond to of 34820

Just a note folks. I had received pmessages last night from folks wondering what to do with current profits on the internet stocks and trade plays. Mostly my suggestions were of the following. Take profits off the table if up over 30% Stop up the positions and follow the stock if it continues to move or Use a three box reversal from the top of the run as the trade stop. Either of these methods would have protected healthy profits in today's decline of internet related issues. I hope my advice helped some. All that being said, can people see why we don't chase stocks and like to have close stops? ONSL ring a bell? Take care, Jan I am