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Paul A

11/20/02 2:22 PM

#47509 RE: RIVERCITY DAN #47501

Well, actually I didnt mean stops so far as stop loses are concerned.. I meant stops that trigger when initiating a position.. So for example, instead of shorting AMAT here at 16, you would speculate that if the market pulls back from here it would be a better time to short then trying to chase it higher- so you enter a 'short sell stop' at say 15.8, and if the price drops to 15.80 your order triggers..

Works great with short selling and has really saved me from bad timing since Im not a big TA person.. of course, the key is to bail out immediately if it triggers your order and immediately goes against you.. Cant say I havnt been the highest buy/lowest price short of the day on several occassions.. but for the most part, its dramatically improved my returns.