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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (4492)	3/22/1999 4:28:00 PM
From: HandsOn	Read Replies (2) \| Respond to of 57584

What did You think about late news Today re PRFM opening a wholesale online site. I picked up a small position at the close. Thanks for the posts re stop losses, I don't use them either. HBIX started to bounce back after stock buyback announced Today.

To: Rande Is who wrote (4492)	3/22/1999 5:07:00 PM
From: Jason W	Read Replies (1) \| Respond to of 57584

Rande, Thanks for your insight...Rock's original comment gave me deja vu all over again about PRFM... I agree whole heartedly w/ your comments..I usually stay away from stop losses also. What I should have said was that it was nice to hear him talk about an exit strategy, and not just an entry point..Taking profits feels oh so good, but picking the right time between waiting for a stock to drop back down, or selling too early, often ruins the joy. Perhaps one weekend, you could start up a discussion on exit points, since that is at least half the game. Jason W

To: Rande Is who wrote (4492)	3/22/1999 6:43:00 PM
From: Ga Bard	Read Replies (2) \| Respond to of 57584

well here is one DD mentioned that is so solid if it unbelieveable (NASDAQ:CANI) ... Record financials just came out ... this one is worth reading... biz.yahoo.com Here's a prelude: Financial highlights excluding the Genisys transaction: Excluding the financial results of Genisys, revenues for the fourth quarter of fiscal 1998 increased 29.1% to $14.5 million compared to revenues of $11.3 million for the same period in 1997. Net income for the fourth quarter was $1.7 million or $.10 per diluted share compared to net income of $885,000 or $.06 per diluted share in fiscal 1997. Gross profit increased to $8.3 million, or 57.3% of revenues in the fourth quarter of fiscal 1998, compared to $6.3 million, or 56.1% of revenues in the fourth quarter of fiscal 1997, reflecting continued strength in software license sales and value-priced consulting engagements. Income from operations for the fourth quarter increased to $2.2 million, or 15.2% of revenues, compared to operating income of $1.5 million, or 12.9% of revenues a year ago. For the fiscal year ended, total revenues increased 29.3% to $52.4 million for fiscal 1998 from $40.5 million in fiscal 1997. For the same period, income from operations increased 50.7% to $7.6 million in fiscal 1998 from $5.0 million in fiscal 1997. Net income increased 78.9% to $5.5 million, or $0.34 per diluted share for fiscal 1998 from $3.1 million, or $0.23 per diluted share in fiscal 1997. :-) GB

To: Rande Is who wrote (4492)	3/22/1999 6:45:00 PM
From: Rock_nj	Read Replies (1) \| Respond to of 57584

There's some exaggeration in that post. It unlikely that a stop loss at $65 will fill at $40, and the stock will be at $110 at the end of the day. There are some people who simply can't watch the market all day. Stop losses set at reasonable levels can help protect them if a stock tanks. Stop losses have certainly helped me out a number of times, and I usually get filled at or near the stop loss price. It's true, ocassionally a stop loss is taken out on a MM shake, but to me it's worth knowing that my trading capital is protected.