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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: MMK who wrote (12007)	4/1/1999 2:22:00 PM
From: backman	Read Replies (1) \| Respond to of 43080

rather than wondering if you hit the bottom, reconsider your entry decision...IMO, no entry should be made without a stop loss included, if you're a trader/short-term investor... after your post, i went back to look at a stock that i bought at 12, sold at 6 (ouch 50%), and is now trading at 3.. i really learned this lesson the hard way... as i was buying the dips on Boston Chicken some years ago, and managed a $20K tax loss... of course, i learned it again recently when i watched CPU (in at $18, insider buying, consolidation, category killer) go to $14, then $9, then $6...now, im out and, there's nothing in this chart to suggest it's going to turn anytime soon FWIW david