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To: Susan Saline who wrote (315)1/7/1999 8:15:00 PM
From: David B. Higgs  Read Replies (1) | Respond to of 3070
 
Susan,

I find your post most interesting. I am by no means a day trader but I do do a lot of short term (1 or 2 day) trading. You indicated you had a buy stop in at 40 1/8. I understand the rational of this action but can you explain your general rules on where you set a stop on the upside? I am most interested and have never tried this. Since I work a "real" job, meetings and other activities don't always allow me to follow my stocks as closely as I would like, and buy stops on a stock just taking off may work in my case.

Also, if I understand correctly, your idea case is to sell 3 to 5 points later. Am I understanding your last comment correctly?

Thanks
Dave