OWC Pharmaceutical Research Corp (OWCP)

[mariosmack]

An announcement can cause the stock to skyrocket at once, and it is understandable you don't want to miss that, but we don't know when that day is going to be. Even if we knew that the breakout day will occur in the next year, the chances of that happening tomorrow may very well be 1/365, so being too conservative in your decision could cost you money, especially if this stock bagels out first.

I'll give you a few points to think about, which you may not be able to answer. If you are given a specific budget and you decided a 60-day limit order knowing that you will be keeping long, what are the expected profits with the following limit orders: .85, .75, .65, aka, probability that each number hits multiplied by the expected profit given that buy order.