I understand. You and Steve reiterated  extreme caution during the weekly bulletin tonight. I don't want to be a hero. Would you take this trade now? If yes, what percent would you use for a stop (as a trailing stop or in terms of average true range)? I have no experience trading during unprecedented times like this one. I am okay with not taking the trade at all, I am looking for some guidance in numerical terms. I presume the same applies to your trades on the watch list as well (AVN in particular). Thanks for your help on this! -Roy

    be careful...it looks like SRS

    Posted by dylan398 on 6th of Oct 2008 at 07:55 am

    be careful...it looks like SRS will gap up significantly....I would not suggest buyin until you get a pullback....I own it and might be selling pre/mkt

    a co-ordinated rate cut may come at any time....also I believe the SPX may open around 61.8% retracement levels...

    Dylan: why would you sell

    Posted by srleblanc on 6th of Oct 2008 at 09:10 am

    Dylan: why would you sell pre-mkt if you expect SRS to gap up? what am I missing?

    105 is dollars higher than

    Posted by dylan398 on 6th of Oct 2008 at 09:21 am

    105 is dollars higher than the close friday.......it may go higher...I'm a short term trader....I may buy it back, if I see strength..

    Thx - got it

    Posted by srleblanc on 6th of Oct 2008 at 09:38 am

    Thx - got it Money mouth

    SRS

    Posted by drorlando on 6th of Oct 2008 at 09:44 am

    If you are gonna buiy her back, better be watching here, soon she will be a buy again!

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