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MSSR McCormick & Schmick's Seafood Restaurants Inc

Chart Forum » Stocks - USA » MSSR McCormick & Schmick's Seafood Restaurants Inc

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ohkoolnutz
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Username: ohkoolnutz

Post Number: 486
Registered: 10-2005

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Saturday, February 03, 2007 - 09:32 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I got passed by on the break but my order got filled on the pullback the next day.




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ohk

Lies, Damn Lies and Technical Analysis

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mrbzatwork
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Username: mrbzatwork

Post Number: 1
Registered: 02-2007

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Wednesday, February 07, 2007 - 03:10 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Do you use a formula for your stop limit orders, i.e. % of current price or are they just regulated by your risk to reward on the entry?







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ohkoolnutz
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Username: ohkoolnutz

Post Number: 507
Registered: 10-2005

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Wednesday, February 07, 2007 - 06:17 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I don't forecast price movements because I don't think its possible. Hence I can't precalculate a risk/reward ratio because I don't forecast the figures required to do such calculation.

I look for situation where the stock seems to be trapped and preferably in a horizontal state. The buy stops get activated when it leaves the trap. The stop loss varies depending on the situation. The value gets generated by riding the winners because they will have to make up for the stop losses on the losers.

I have my doubts if MSSR will make it. I am considering pulling the plug as I have 5 more plays in consideration and only cash to support 3.


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ohk

Lies, Damn Lies and Technical Analysis

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