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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: vagabond who wrote (5242)5/18/1999 4:52:00 PM
From: MMM Mule  Read Replies (1) | Respond to of 108040
 
It usually depends on multiple factors to determine how you should set your pull-back method. I like to follow some of these DD variables:

change %
float size
bid/ask
L2,B/S
speculation
market buzz
velocity(time it took to reach given price)

I normally choose to go with a 25%-35% mark off on close price, however, smaller stocks tend to be more volatile (not to mention prone to scams) during these runs.

For AGRS, I will set my pull-back to 50% (.10) off close and load up on the second pull back of day to avoid possible scam on first projected pull back.

MMMM





To: vagabond who wrote (5242)5/18/1999 4:55:00 PM
From: vagabond  Read Replies (1) | Respond to of 108040
 
And another thing, on a more down-to-earth level...

Kimberly, you and some other folks had recently said you expected to see some "action" in CRGI this week. Is that still the case, or have prospects dimmed? That stock sure hasn't been very impressive over the past ten days or so, and I can't quite decide whether to hang-on or dump it for a small loss and put the money to better use...

Vagabond