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bluecheap

09/03/01 8:59 AM

#30 RE: SagDec15 #28

Using "Stop Loss Orders" and catching those LOWS can turn out to be VERY VERY Profitable.
See I was in at $1.37, got stopped out and cut the loss BUT bought back at $1.22 and sold at $1.28. Back in again at $1.24 and out at $1.28.
In again at $1.21 and stopped out at $1.19 BUT back in at $1.10 and that is where I NOW sit in XOXO.

In MY Opinion, the REAL MONEY in XOXO will come from
HOLDING LONG TERM (actually any good quality stock with potential to move back up after being beat down). Had it to happen many many times and made 500% to over 2000%. Takes a lot of day trades to muster up those gains.
However, as you stated, each to his own and I think my track record speaks for it's self ;^)

BlueCheap

STAY LOW, BE NIMBLE & SHOOT QUICK !