Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (5150)	12/7/1998 8:28:00 PM
From: Jim Roof	Read Replies (1) \| Respond to of 21876

As to the first part of your question I answered it in another post. I tend to be overly secure in certain stock and then I lose money. That's interesting. I have done the same thing as well but everything I can get my hands on (as well as my own experience) tells me that when you try to protect your initial positionwith such a tight stop you are basically providing your broker with job security. When I place stops they are at the last point of short term support (actually about 3-4% below that). I cannot tell you how many times my stops have cost me tens of thousands of gains in the four letter issues. I got stopped out of QLGC at 35 (and it did not trade 1/16 lower than my stop before rebounding) not long before it hit for a triple. I gained a measly 8 points. But then, I had that money tied up for a while too. Jim