No. We just prefer day orders on certain types of plays and have no reason to put in a good til cancelled order that we may forget about and get hit at an inopportune time. We were not stating or implying that a day order had more precedence over a GTC. On the other hand, […]
There is a process by which an investor can challenge a trade. As we don’t place market orders, we have never challenged a fill at a disparate price. We have, however, challenged the lack of a fill when our order has been entered at the bid or ask and has sat there unexecuted while the […]
Yes, you can. We tell our brokers to go get the best price they can in whatever market they can. We expect that because we make a lot of trades. We want them out there working it for us. When trading spreads, however, it is hard to ‘mix and match’ one ask on one market […]
Yahoo!Finance has a ‘market digest’ link that shows up and down volume for the major averages. Go to www.quote.com and look for the button.
When a good stock is moving up in a solid rally, we have found that the 10 and 18 day moving averages often act as support on the move. Many commentators like to use the 50 day moving average, and if a stock uses that level as its support, that is not a bad idea. […]
We have not found the ultimate free charting site on the web. We use www.bigcharts.com in our reports to illustrate moves on the averages and some individual charts because it is easy to use. Problem is, it can only show you one moving average. www.investertech.com allows you to run three moving averages at once, and […]
They very well could, particularly if the spikes are in the millions of shares range. Institutions (mutual funds, insurance companies and the like) usually like to buy as discretely as possible, something that is easier to do when a stock has a large float. When good news hits a stock or other factors work to […]
We can use one we almost just did. We had some spreads on LU with December (1999) 80 puts as the leg we sold. The last few days before expiration the stock was faltering, having a hard time breaking above 78. We were coming down to the wire, and on the last day of the […]
When a stock sells back after a run on lower volume, we refer to that as a pullback. Pullbacks are a natural and healthy part of a move up. Stocks cannot continue to move up without stepping back and taking a rest. It is important that it occur on lower volume-that shows orderly profit taking […]
You have seen on some plays we like to sell puts, on some we like to buy calls, and on some we do both. Given that, it is clear that writing puts and buying calls are strategies that both anticipate a rise in the stock. Each has advantages and disadvantages. We like writing puts. For […]
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