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Re: Narcissistic Nostalgia post# 106732

Saturday, 04/22/2017 11:04:10 PM

Saturday, April 22, 2017 11:04:10 PM

Post# of 329207
I have found that an "Averaging In" plan is prudent when establishing a position with most stocks. BIEL finished strong on Friday with only 4.9 mil on the ASK Size at .0008, and a 4 to 1 BUY v SELL ratio.

If the ASK Size is under 10 mil on Monday consider entering with say 20% of your desired position at the ASK. Then place a BID order for 20%, and see which way the wind is blowing to decide if you should add more at the ASK or wait it out.

This strategy establishes a position should Friday's momentum continue into Monday but leaves plenty of cash if the sevens start printing.

Note re BIEL trading, in the past, on many occasions, retail traders seldom see BID orders filled as those shares are purchased by the MMs.

As always this is just my opinion, so do your own DD to decide on what is best for your situation.