Replies to post #148605 on Zeev's Turnips Patch-No Politics (ZEEV)

[urmygold1]

i think this sounds like a good strategy if you like it...some stocks move to much to do it with ...say ummm a qlgc{g}... remember though that brokers like etrade and such do not let stops and stop limits in after hours, only limit orders...so if holding overnight dont count on a stop to help you ;O) URMY!

[Zeev Hed]

3%-5% on that position, not the whole portfolio. As for the dime dance, many stocks have spread greater than that, I prefer setting stops at "rational " sop levels, like breach of bottom of the box, or in some instance, marking a new LOD (particularly when a specific stock is counter trending the general market), a simple dime rule might also be ineffective for generals and colonels... (stocks selling between $40 and $100 per share)