Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (3949)	1/30/1999 10:42:00 PM
From: Dwane Houghtaling	Respond to of 4142

Bruce. As you know, I haven't had much or should I say any :( success with stop-losses. I've got a 27% paper profit now. I'd just hate to loose that. Not being able to monitor the market during the day, I'm a bit leery of using mental stops. I'm thinking of going a bit higher then the percentage previously mentioned against the closing ask to limit the chance of loosing this one. As always though, its a decision each person has to make for themselves -- no blaming someone else. In any case, thanks for the warnings about the MMs. Dwane

To: Bruce A. Brotnov who wrote (3949)	2/1/1999 4:22:00 AM
From: Carl Worth	Read Replies (1) \| Respond to of 4142

Bruce- I agree on the stops and MM's. I have pretty much stopped putting in firm stops on my holdings, especially NASDAQ stocks, and watch the close and the chart as well. It may cost me a point or two somewhere, but it has saved me much more than that by not giving up shares cheaply on days like the Brazil catastrophe day or on a day when the MM's decide to take stops on some otherwise great stock and drop it 3 bucks in 10 minutes only to have it recover the same 3 bucks in short order. You can almost hear the MM's laughing (cruel sound to be sure!). Carl