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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Mike S. who wrote (26850)	3/11/1999 2:43:00 AM
From: SMALL FRY	Read Replies (1) \| Respond to of 120523

Mike S, Rule of thumb I use on Net stocks is 10% under... unless you're not able to watch the market and trade quickly, I wouldn't use a sell stop. The market makers are notorious for bottom fishing those sell stops... I've had occasions were I got stopped out in 2 minutes and left watching my stock break new highs in the third minute. Sell stops have a place. For VRIO on this occasion, taking into account we're only on the second day of breakout, 3 to 4 under should do fine. If you have a large stake in this, 3 to 4 could mean thousands... I used to know this guy who calls in sick just to be able to watch the market <VBG>... ME! My old boss used to pull his hair... SF PS: You may also put a sell stop on only part of your holdings...