Replies to post #362596 on Zeev's Turnips Patch-No Politics (ZEEV)

[was hotlinktuna]

Here's a sad case SM, I sold 500 shares of GRU today at market 400 at 17.25 and 100 fetched 17.00 from 17.50 it was trading at when I started placing the order. Took a loss of a buck on 400 and $1.25 on that last 100...carp!! I know market orders are at your own risk but this is one of my worst fills in a long time...tuna

[Bullwinkle]

I would have to believe that is the stance to take over the longer term, but short term (as in day-to-day) that may not be such a good idea. It really depends on your timeline. I am not a day trader so sometimes my outlook might seem skewed to that of someone who trades frequently. As pointed out by Burk, the P/C ratio hit 1.27 and then the COMP suddenly turned and went into a nice upside move. The part I find cautionary is that the Small Speculators are heavily long while the Large Speculators and Commercials (or smart money) are on the other #msg-5539135 We know from the past how this usually turns out, but buying the dips continues to work until it doesn't.