Economic Snapshot: Where Are We Setting Our Stops?

Kevin Depew  May 19, 2008 2:15 pm

Economic Snapshot: Where Are We Setting Our Stops?
 
Our unscientific poll.
 

 
There's an old Wall Street adage: Cut your losses short and let your winners run. Sounds easy enough, but how do you cut losses short? Some market professionals tell us to do this by setting stop losses. What's a stop loss? Simple, it's a standing order with your broker to sell a stock at a predetermined level. But how do you know where to set your stops? We're here to help. Below, Minyanville's Economic Snapshot asks, Where are we setting our stops?

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Comments (6) See All Comments »
05-19-2008, 2:15 pm
Won't it be ironic if the quote for the 15 second moving average is delayed by 15 minutes!
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05-19-2008, 4:27 pm
WE didn't want to wait until we actually got to 1600.
So we set it at 1400.
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05-19-2008, 4:34 pm
Oh, now I understand.

We engineers laugh at jokes 3 times:
Once when we hear them;
once when they are explained to us;
and the 3rd time when we finally understand them.

Thanks for helping bring laughs 2 &a
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05-20-2008, 4:17 am
Don't feel badly, Dean. I thought he meant the 24-7 convenience store at 1400 Pennsylvania SE, which made perfect sense to me.
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05-20-2008, 8:39 am
There's got to be a bus stop around there somewhere ....
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