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John You did well. I had some doubts but I was wrong. I'd taken a loss a
few months ago so was gun shy.
Norm Wiss
cutup2@xxxxxxxx
----- Original Message -----
From: John Manasco <john@xxxxxxxxxxx>
To: Metastock List <metastock@xxxxxxxxxxxxx>
Sent: Thursday, July 13, 2000 8:49 AM
Subject: Good Knight
> I'm considering a position in Knight/Trimark symbol NITE. The stock and
> sector both seem to have bottomed (may be a big assumption) and are
turning
> up. It closed yesterday (7/12) at 30 11/16. It crossed significantly above
> its 10 day ma but is still below the 200 and 50 day ma although it is
> bumping up against the 50. The 50 day ATR is about 2.75. If I enter at
> yesterdays close of 30 11/16 and only want to risk 2% on the trade then
I'll
> put my stop at 30 1/16 which is only 5/8 away from my entry. If I use the
50
> day ATR the my stop will be about 27 15/16. If I use the near term low on
> 7/10 of $27 I would place a stop at 26 15/16. So where would you place a
> stop? What is a reasonable risk profile for this stock?
>
> NITE's most recent high on 6/02 was 35 1/2 so what could I expect to make
on
> the trade?
>
> Comments requested
>
> John Manasco
>
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