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Re: None

Thursday, 03/29/2012 10:16:15 AM

Thursday, March 29, 2012 10:16:15 AM

Post# of 75926
Lock in your shares! Recently we watched what can happen if many of us place Limit sell orders for all of our shares. After doing this, the SP definitely traded differently (stabilized) and then closed at the HOD. Here's what to do:

1) Place a Sell Limit Order for all of your shares. Some brokers allow only a few cents above the current price, others allow up to $15 (i.e. Fidelity).
2) Set the order for Good Til Cancelled (GTC).
3) Set the order to All or None (AON).

What this does is limit the number of shares available for the MM's to use. As a result, there are fewer shares accessible by them and the price tends to move in the positive direction. Set your orders, but be sure to adjust if we come close to that price and it's not the price you want to sell at.

-All IMO

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