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Author: sonar69 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36682  
Subject: Stops Date: 7/13/2001 12:30 AM
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I was lucky enough to get into CREE at $20.77 on 7/11 and was almost stopped out. Im glad I set a 10% stop. Anyway, today CREE closed at $24.05 and is up $.95 after hours. Looks like we gap up hard tomorrow. I have already set my stop at $23.85 tonight. CREE is at $25.00 now including after hours. I know things may change before open tomorrow. I will stick to my plan. Your opinions will not change what I do tomorrow. I need to protect these profits because I made a bad trade a week ago. I am now ahead for July and trying to keep my 7% gain a month goal intact. By the way, the reason I made a bad trade is I cancelled my stop hoping the stock would rise again then sold at the worse time. I get so bumbed when I break my rules for trading.



My question is, what would you do? May not be able to watch after the first 2 hours.

Sell the gap up and reenter? Alost a sure thing

Keep current stop, if stopped out, look for reentry if rally keeps going?

Set a different stop than I have?
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