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To: Ashley800 who wrote (796)	12/9/1998 6:50:00 PM
From: John WES	Respond to of 1080

Squeeze BABY!!!!

To: Ashley800 who wrote (796)	12/9/1998 7:03:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 1080

The Armani suits of the NYSE turn their noses on the NASDAQ But the fact of the matter is they ain't any better. Market makers or specialists, call them what you want, when they see a bunch of stops they will stoop down(after all, they're already in the gutter) and pick those shares up. I never use actual stops. The above is one reason; the other is, in a tanking market, your stop may get filled well below it's posted level. Mental stops that trigger an action work better. TG

To: Ashley800 who wrote (796)	12/9/1998 7:51:00 PM
From: microvestor	Read Replies (2) \| Respond to of 1080

Sorry you're not at the party tonight, Ashley/ but, like Trader G, I've learned (from sad experience) to be very careful when placing stops. The trouble is, those of us with day jobs can't always be around during a critical trading moment. As as small business owner, I think I've lost more opportunties due to my customers (They always seem to come at 9:30) than anything else. If I feel the need to place a stop, I try not to place it exactly on integer. Better 6 15/16 (It wouldn't have helped in this case...) than 7. During a short attack or MM manipulation, this may save your position for the short term. I do believe in placing trailing stops during a wild upturn. Just a little insurance against a violent selloff. It saved my butt with NAVR last week. I'm no pro....JMHO