Re: Investing

From: Olga Bourlin (fauxever@sprynet.com)
Date: Sun Jun 15 2003 - 21:49:00 MDT

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    From: "Dossy" <dossy@panoptic.com>

    > > > On 2003.06.15, Olga Bourlin <fauxever@sprynet.com> wrote:
    > > >> Use those stops, people.
    > > >
    > > > Use them in both directions, if you're not able to constantly monitor
    > > > your portfolio.
    > >
    > > Stops are an absolute waste of money. In the long run they only make
    money
    > > for the brokers.
    > >
    > > They are valuable to investors only if stock prices trend, but countless
    > > studies show that stock prices do not trend. Price trends are an
    illusion.
    >
    > They're valuable to investors who cannot react to changes in stock
    > prices in a timely fashion. To those investors, stop orders are the
    > best thing next to sliced bread.
    >
    > Day traders might not care for them, but I have a day job that doesn't
    > involve buying and selling stock and I'm not a day trader. Stop orders
    > minimize risk.

    Because gts' identification didn't show up in the thread Dossy just posted,
    I just want to clarify that I didn't write anything but what is immediately
    below my name. The reply from Dossy is to gts.

    Olga



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