The Geek Forum

[Capitalist]

Hypothetical Account Update

I'm assuming this week's trade is going to go sour soon because if it doesn't we would have two good ones in a row. Unheard of!

Anyway, the account purchased 309 shares of XLU at 31.15 during the first full hour of trading. The way I arrived at the prices is described on this page:

http://www.market-geeks.com/directorAperformance.php

Here's the pertinent rule in this case:

"I find the first full hour (thus ignoring the wild swings in the opening minutes) in which the trade could have filled based on the limit price, and make the conservative assumption that the order will fill at the worst price for that hour (so if we're buying, we fill at the high for that hour and vice-versa)."

The trade was up by about $121 as of today's close.

Stay tuned!