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To: Ron McKinnon who wrote (18375)1/10/1999 10:49:00 AM
From: Larry S.  Respond to of 53068
 
Technical Analysis - CBS - Triple Top: 207.95.154.130
... A view of this 2 year
chart is, imo, extremely bullish. This is the 3rd time in little over a year that CBS has hit
36. The last two times, it came down precipitously. This time, i think it will break thru -
and dramatically so. 45 -50 seems realistic in the next month or two. or by wednesday,
ggg. larry



To: Ron McKinnon who wrote (18375)1/10/1999 12:36:00 PM
From: Susan Saline  Read Replies (2) | Respond to of 53068
 
>>> I agree with Dan on not using stops on these;

Is it possible I am using the wrong terminology?

I put a sell stop after I buy

examples

I buy at 40
if it dt's
immediately put sell stop at 39
in case it drops it will sell at/near 39

or
I buy at 40
watch as stock runs up to 43
the stock wobbles there
I enter a "sell stop" at 42
in case it falls back

this I have done numerous times ... often getting stopped out at the 42 sell stop entry

Maybe I do not understand the difference between sell stop and sell limit.

I thought a sell limit would go off immediately at the sell limit price if the order placed was to sell for less than the current price.

using the same above example ..
I buy at 40
watch as stock runs up to 43
the stock wobbles there
I enter a "sell stop" at 42
in case it falls back

if using a sell limit
would it not sell immediately at 42
even if currently trading at 43?