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Re: HailMary post# 47308

Sunday, 11/14/2004 12:16:14 PM

Sunday, November 14, 2004 12:16:14 PM

Post# of 97794
re: I have a mental stop loss right now of $19. I would aggressively buy back though if I stopped out, as I believe AMD is a long term screaming buy.

OK, let me see if I have this right. You don't use actual stops, you instead use "mental" stops. Your current "mental' stop is $19. Fine, so far. Then you say that if the stock hits $19, you are going to stop loss (ie: sell). Then, you say you "would aggressively buy back though if I stopped out, as I believe AMD is a long term screaming buy."

You pay commission both ways to end up where you started.

Your broker must send you a fruitcake for Christmas.


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