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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: the Chief who wrote (7453)	4/18/1999 5:17:00 PM
From: Mr. Oil	Read Replies (1) \| Respond to of 62348

The following plan is assuming there is a gap up and that the stock will rally long enough to place a stop order. How does this sound? Place the stop below the open as soon as the stock starts to trade and then trail the stock movement to within 10% moving it whenever it is below the trading price by 20%. That way you will always get stopped out at approximately 80% of the price movement on the day and maybe as much as 90%. Picking a high and hoping it makes it is quite risky given there will likely be professional shorters all over this one just as soon as MD shows weakness. Many folks here are being quite optimistic about the bull in GLE but don't forget the Paquets of the world. Sorry about that Chief! Ray