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Re: Mattu post# 21377

Wednesday, 12/21/2005 1:24:16 PM

Wednesday, December 21, 2005 1:24:16 PM

Post# of 27114
Too bad you can't set it up so you can put in a limit order to buy at $12.85 and, if the order fills, have a stop loss at $12.74 go into effect. I'd really like to use a platform that's more automatable and will have to check into that one they advertise on TV. I don't remember the name of it except that one of the commercials showed a guy's computer doing trades. At the reading of his will.

I don't pay attention to the market much during the day except the first and last hour and try to put the rest of the day as much on auto-pilot as I can just by setting limit orders before I dig into work.

Speaking of which, finishing this cup of coffee then heading that way.

Though I think $12.95 is a price you'd look back on 3 months from now as a steal, I wouldn't pay that today for a position I planned to get out of today. It's being really iffy about $13 and the volume's a little on the light side.

But when it does break out (or down) it tends to do so in dramatic fashion on a lot of volume.

Small ask size on my PFE puts now, so if it can lose about another nickel, my limit order should be part of the Ask, and I should get a fill if it can do about $23.95.

I'd love to take out the last of the ELN Jan15 calls at 45 cents right now (this coming from a guy who owns most of his at 15 cents), but Scottrade only allows me to hold 500 options contracts on any one security and it'd take more than that to take out the ones offered at .45.

Edit: In SFCC small at $14.16. Putting in a sell order at $14.46 and heading to the office.

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