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To: zurdo who wrote (3855)	1/11/1999 8:00:00 PM
From: HairBall	Respond to of 27722

Zurdo: Hey better to re-enter the stock, than to hold a falling stock to long. You have folks still hanging around this thread that bought in December above 25 and took that approach. I have been investing for years with this approach and I never take a big percentage hit on my investments. 1)Determine an entry position 2)Determine a profit point * 3)Determine a stop loss point ** * If the stock achieves you profit point take it. No one ever went broke taking profits. It is always better to make money in many smaller steps than it is to try and find those one time jack pots. Of course, if you can land one thats OK, as well...<g> However, if at your profit point you determine that the price will continue to move in a profitable direction and you decide to continue in your position, trail a stop loss behind it. ** When a stop loss is reached always cover your position, ASAP. If the stock reverses and heads back in the original direction and you determine it is still a good play initiate another position and follow the above points all over again. (That would not be chasing the stock.) However, when I find a stock that I just can't seem to call correctly, after a position or three, I move on to another stock. If you find yourself in a loosing situation, never feel as if you have to make your money back with the stock you lost it with. EDIT: Of course for some investors TA can be used for entry and exit points. But always include a stop loss. This is my MO... Regards, LG