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