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Shmolt:

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lentinman   Friday, 03/17/06 03:08:44 PM
Re: shmolton post# 1589
Post # of 2230 
Shmolt:

I'll explain it simply and thoroughly and then put this link in the Ibox.

THE FOLLOWING IS PREDICATED UPON NO NEWS FROM THE CLOSE TO THE OPEN. IF THERE IS NEWS, ALL BETS ARE OFF.

If a stock that you BUY opens the following day at OVER 15% above the previous close, the trade will not go through.

If a stock you SELL opens the following day at UNDER 15% below the previous close, the trade will not go through.

This protects against wild gyrations in a stock.

Len



Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
http://www.youtube.com/watch?v=QLD0p1QpcI8

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