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To: GalSal who wrote (12238)4/22/1999 8:34:00 AM
From: Richie  Read Replies (1) | Respond to of 41369
 
GS,

Stop limits are great for protecting profits. The key is to select the correct stop point. A stop point to close to the trading range will cause you to get "stopped" out during a quasi normal trading day, only to see the stock recover and now your out, and the stock is higher. Selecting the proper stop point is crucial, just below the 10 or 50 day moving average is a good place, assuming you bought at some value lower than that.

RichieH