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To: David B. Higgs who wrote (316)	1/7/1999 9:36:00 PM
From: Susan Saline	Read Replies (2) \| Respond to of 3070

>>>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. This is a swing trade (one day to several day, months ... I let the chart be my guide), if it continues up, I will hold with trailing stops, a couple dollars below the high (at any given time) >>>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 look for resistance on the 3 to 5 day chart, then place an order above the resistance. In case of a breakout to the upside. Sometimes the breakout is a fake-out also, so have to give a little leeway with the stop loss (which I would put about 39 1/8, just in case the breakout is a fake-out. >>>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. Real job? This is my "real job" If I was not a trader, I would be unable to make a play like this. It must be done fast an unemotionally, until you are in the clear with a profit, that you are able to put a stop loss under the profit. >>>Also, if I understand correctly, your idea case is to sell 3 to 5 points later. Am I understanding your last comment correctly? not necessarily, I expect the stock to move that much in one day. If it closes strong, I would definitely hold it, moving the stop up as the days go by. I have a minimum longer term target of meeting the life of stock high, about 50. But once this gets more attention, press, cnbc etc ... it may follow yhoo xcit seek lcos .... this is young ... I give it time ... it will reward. NOW ... how can you play it safely ? .... hmmmm I guess I would have ISP, rt quotes, and a fast broker, at/near my desk at "work" or take a chance or possibly set the buy stop, have your broker set a stop loss, It's dangerous I think, to play such a volatile stock such as this. otherwise you can lose a lot very fast remember it was under 30 just a few days ago this is how I play, not the way everyone plays .... you must know there are numerous ways to play. good luck to us all :o) sue p.s. let me know how it goes for you