Replies to post #1306 on Mostly: Classical

[Ed Monton]

I agree. When riding the bull you've got to use market orders. Limit orders are for bottom fishing only!!

[wagee]

Hi Kastel, CD and I have different methods. He and I have discussed this in the past. I do not like to average up (or down for that matter).

I prefer the LTMOI<g> (LoanTech Method Of Investment)

I try to get in early, buy as big a position as I am comfortable with and wait for the herd to arrive. So when a stock like SVL or GRS runs I am already in or watching. Not too often will I jump in.

So I already had a sizeable position in SVL. I wanted some trading shares and CD ripped me off and I am mad as hell and I am not gonna take this anymore!<g>

My main problem is the same as yours: know when to sell. If I could master this difficult task I would hold 2x the profits I currently do!

BTW, the above method is proprietary so please do not tell Iso!<g>

Wayne

[Sexton O Blake]

Hey Penny Pincher....

I have been burned enough with limit orders...

And I have found by buying larger quantities, I have ignored the commission and spread my purchases over days instead of loading up in one shot. (Average in)

I mentioned on SI, that with TD Waterhouse, after the 5th order in the "account" (A/B+E/F+G/H+S/V) on a single day; the order has to be reviewed by a TD Rep. (READ=SLOWS THE ORDER DOWN)

Instead of 1 order for 2000, I might place 3 orders for 500 at X, 500 at Y and 1000 at Z. This is the only way to navigate without a "minimum" quantity feature. I review during the day, if perhaps 1/2 the orders are filled, I might then re-jiggle the others. And if not filled - there is another day.

Commissions have to be factored in, but as with tax implications, should be put aside when money is to be made or lost.

May not be a great way to go at it, but I feel a little better that I didn't buy near the high than the low - as what I did with CDE last week - if I would have bought half at 2.65 and half at 2.50, I would have felt better. Not great, but "betta"

("Betta" aka what the new Coca-Cola president said during the release of the new recipe of Coke - comparing it to the old version, now known as Classic)

SoB -- Sliding on-me Back...