Re: [CANSLIM] Tales from the trading pits

From: "DMC197807" <dmc197807@comcast.net>
Subject: Re: [CANSLIM] Tales from the trading pits
Date: Thu, 4 Sep 2003 20:16:39 -0700

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Bob,

Your tale is why if you want to sell your stock for $38.00 on a limit =
order you are wise to lob it in at 37.97, and if you want to buy a stock =
at 35.50, you put in your order at 35.53.

Good luck,

DMC
  ----- Original Message -----=20
  From: Bob Hodes=20
  To: canslim@lists.xmission.com=20
  Sent: Thursday, September 04, 2003 8:00 PM
  Subject: [CANSLIM] Tales from the trading pits


  I am not able to trade during the work day so I usually use limit =
orders when I purchase a stock.  I don't like to give out a an order to =
buy a stock at the market price before the opening bell.  So today, I =
set a limit order to buy 150 shares of a stock (NASDAQ exchange) today =
at $36.00.  Around 11AM, the stock price declined from an opening price =
of 36.93 to 36.001 and the buy order was never executed. =20

  What do you make of my tale. =20

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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Bob,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Your tale is why if you want to sell =
your stock for=20
$38.00 on a limit order you are wise to lob it in at 37.97, and if you =
want to=20
buy a stock at 35.50, you put in your order at 35.53.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Good luck,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>DMC</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Drchodes@charter.net href=3D"mailto:rchodes@charter.net">Bob =
Hodes</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, September 04, =
2003 8:00=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Tales from =
the trading=20
  pits</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>I am not able to trade during the =
work day so I=20
  usually use limit orders when I purchase a stock.&nbsp; I don't like =
to give=20
  out a an order to buy a stock at the market price before the opening=20
  bell.&nbsp; So today, I set a limit order to buy 150 shares of a stock =
(NASDAQ=20
  exchange) today at $36.00.&nbsp; Around 11AM, the stock price declined =
from an=20
  opening price of 36.93 to 36.001 and the buy order was never =
executed.&nbsp;=20
  </FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>What do you make of my tale.&nbsp;=20
</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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