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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 103  
Subject: Re: United Health Contract Date: 11/8/2006 4:48 PM
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"I think your approach is another good probability call. I got taken down by a bunch of guys on another board for recommending trailing stops to one of them. They maintain that markets go right thru stops on a sell off, and stops get you out just at the time you should be doubling up. I don't buy that argument, because it depends on what triggered the sell off, and you can't predict that ahead of time."

Hi Bob,

We each have to make our own decisions. Plenty of drops do not occur so quickly that you get a much lower price, but it is a possibility. There are plenty of folks on the boards who use stops.

No one knows what will happen or when. I don't have stops on all my companies... but some days I feel like selling everything and just not think about it for a while ;-) Thats hard to do, just like selling your LH, but we make our decisions and go forward. I like profits and I'd rather leave some on the table than having to deal with the "I knew I should have sold..." aftermath. One day I may just put everything on stops and get out of the market that way :-) Anything that refuses to drop could stick around.

The big win by the Dems have folks wondering how it will effect health care and pharma... Down the line some of the prognosticators will be right and some will be wrong...

All the best to you,

Ken
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