posted
Based on the way the market looks set to open, I'm going to set my order for DBRN 2-3% lower than the close from Friday and just keep an eye on it. Unfortunatley I have a dr appointment this morning, so I will be monitoring/trading from his office...
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
With the Dow opening down over 500 points it may have a lot of momentum.Are you sure 2-3% isnt far enuf? Maybe closer to 7% range or will this be a long position? A lot of shorting will happen today and Ebay and Yahoo are among those.
posted
Bottomfeeder, had I been at a computer I would have not placed an order premarket and would have just watched. But I was a bit lucky. Had an order in to buy at 10.25 and got filled at 10.13 at the open. Already sold at 10.65 for 5% in under a half hour!
Based on the rest of the market, I'll happily take it!
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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Since I revamped my methodology on December 18th, there have been 6 buy signals.
I bought 3 that went up 5% within a week.
I missed one that went up 5% within a week (two signals occurred on the same day, so I only bought one of them)
I missed one that would have sold after a week for +2% (I just plain missed it. Would have bought it if I had noticed)
I bought one that was down 10% after a week.
So 4 of the 6 went up 5%, one went up 2% and one went down 10%.
And of course, because I loaded up on the wrong one, I'm net negative trading this strategy, but I don't expect that to be true for long, and hopefully you can see the potential in this method.
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
by the way, found out Wednesday that I passed the first level CFA exam. I'm fairly surprised, given the fact that I studied for about two weeks, when they suggest 10-15 hours a week for 4 months...
So now I get to take the second exam in June. Yippee...
quote:Originally posted by $tock Weazel: Hey PC--Did you ever get those results back from you law school?!?!
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6648 | From: Virginia | Registered: May 2006
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posted
Wow, VERY strange action at the open. I had an order in to buy at 27.50. It raced up to 29.14 (almost 7%) almost immediately, and my order didn't fill. Then it came back down just as fast and my order filled at $27.23.
Sell order is set for $28.60
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
Thanx, nice thread, but its so restricted to one type of play, insider buy plays, so many others out there that wouldnt qualify but are excellent..too to lazy to post other winners like QMAR, VLTR, RAD, CNXT that I have played and followed etc.. blah blah blah lol..take care..its a good thread
quote:Originally posted by PCola77: nice job man! I've checked on it periodically and saw it pushing $4 the other day. You still holding?
posted
LOL. Yeah, I know what you mean, but I wanted this thread to be just one method, with a hard and fast rule, to see how it performs over time. I've seen people start threads with intentions of tracking their trades, but they'll hit a bad patch and ditch the thread, or start a new one to "lose" the old performance, or keep changing what they trade based on, and I just don't see value in those types of threads except to whoever makes the particular post, becau
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