Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] RINO and general execution of trades
Date: Tue, 22 Oct 2002 18:11:37 -0400
Next Article (by Subject): RE: [CANSLIM] RINO and general execution of trades "Edward W. Gjertsen II"
Previous Article (by Subject): Re: [CANSLIM] RINO and general execution of trades Chazmoore@aol.com
Next in Thread: RE: [CANSLIM] RINO and general execution of trades "Edward W. Gjertsen II"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0044_01C279F6.798E2670
Content-Type: text/plain;
charset="us-ascii"
Content-Transfer-Encoding: 7bit
Buck, my experience is the opposite.
I go from real time quote (RTQ) to trade execution; once the execution
is confirmed (usually within seconds), I go back to RTQ to check. It's
never more than a penny or two either way. I use HarrisDirect (formerly
CSFBdirect, formerly DLJdirect, formerly PC Financial Network). I do
pay $20 a trade, but the personal service and fast executions
are...priceless.
Duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Jerome Buckmelter
Sent: Tuesday, October 22, 2002 3:07 PM
To: CANSLIM-posts
Subject: [CANSLIM] RINO and general execution of trades
Hi! Although I have been a student of canslim for two years, and have
watched this board in the past, this is my first post. First of all, I
am really impressed by some of the commentary I've read herein, and hope
that my question will not be too elementary or off the (canslim) mark.
Perhaps others have experienced a similar situation to the one that I
did, and could give me some advice. On October 17 RINO broke out. I
saw it pass the pivot of 16.25 and climb quickly. By the time I checked
the volume, re-checked the chart, and got set up on my brokerage firm's
website to make the trade, the real time quote window showed a price of
around $16.80!! A quick math check indicated that I would still be
about 3.3 % above the pivot. Still OK, so I made the trade. I
immediately confirmed the purchase price, and it was $17.16! -- 5.5%
above the pivot! I quickly clicked the real time quote button: the
price and bid/ask didn't change! They were still in the $16.80 range!
Somehow I got stuck with shares that were about 35 cents (2.2%) above
the going rate. I kept checking the real time quote for the next few
minutes, and it still remained around 16.80 or a little lower. I talked
to the brokerage firm, and they said I got caught in a momentary
"upspike"-just a tough break. Why the price surged up dramatically for
a few moments and didn't remain elevated, they could not adequately
explain. My concern is this: is this situation the result of having
this particular broker? (By the way, I had a very similar situation
with them several months ago, but shrugged it off). Could I have
avoided this if I had another broker? Would it be prudent to adjust my
sell point accordingly since there is a good chance that I will be
shaken out as things now stand? Thanks,
Buck
- ------=_NextPart_000_0044_01C279F6.798E2670
Content-Type: text/html;
charset="us-ascii"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word"><HEAD>
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Dus-ascii">
<TITLE>Message</TITLE>
<META content=3DWord.Document name=3DProgId>
<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR>
<META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C279C3.788941C0" rel=3DFile-List><!--[if gte =
mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:SpellingState>Clean</w:SpellingState>
<w:GrammarState>Clean</w:GrammarState>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
</w:Compatibility>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
</w:WordDocument>
</xml><![endif]-->
<STYLE>@page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.25in 1.0in =
1.25in; mso-header-margin: .5in; mso-footer-margin: .5in; =
mso-paper-source: 0; }
P.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
LI.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
DIV.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
A:link {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlink {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
A:visited {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlinkFollowed {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.EmailStyle17 {
COLOR: windowtext; FONT-FAMILY: Arial; mso-style-type: =
personal-compose; mso-style-noshow: yes; mso-ansi-font-size: 10.0pt; =
mso-bidi-font-size: 10.0pt; mso-ascii-font-family: Arial; =
mso-hansi-font-family: Arial; mso-bidi-font-family: Arial
}
SPAN.SpellE {
mso-style-name: ""; mso-spl-e: yes
}
SPAN.GramE {
mso-style-name: ""; mso-gram-e: yes
}
DIV.Section1 {
page: Section1
}
</STYLE>
<!--[if gte mso 10]>
<style>
/* Style Definitions */=20
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}
</style>
<![endif]--></HEAD>
<BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dpurple =
link=3Dblue>
<DIV><SPAN class=3D339295221-22102002><FONT face=3DArial>Buck, my =
experience is the=20
opposite. </FONT></SPAN></DIV>
<DIV><SPAN class=3D339295221-22102002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D339295221-22102002><FONT face=3DArial>I go from real =
time quote=20
(RTQ) to trade execution; once the execution is confirmed (usually =
within=20
seconds), I go back to RTQ to check. It's never more =
than a=20
penny or two either way. I use HarrisDirect (formerly CSFBdirect, =
formerly=20
DLJdirect, formerly PC Financial Network). I do pay $20 a =
trade, but=20
the personal service and fast executions =
are...priceless.</FONT></SPAN></DIV>
<DIV><SPAN class=3D339295221-22102002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D339295221-22102002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Jerome Buckmelter<BR><B>Sent:</B> Tuesday, October =
22,=20
2002 3:07 PM<BR><B>To:</B> CANSLIM-posts<BR><B>Subject:</B> [CANSLIM] =
RINO and=20
general execution of trades<BR><BR></FONT></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Hi!<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Although I have been a =
student of=20
<SPAN class=3DSpellE>canslim</SPAN> for two years, and have watched =
this board=20
in the past, this is my first post.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>First of all, I am really impressed by some of the commentary =
I’ve read=20
herein, and hope that my question will not be too elementary or off =
the (<SPAN=20
class=3DSpellE>canslim</SPAN>) mark.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>Perhaps others have experienced a similar situation to the one =
that I=20
did, and could give me some advice.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>On October 17 RINO broke out.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>I saw it pass the pivot of 16.25 and climb quickly.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>By the time I checked the =
volume,=20
re-checked the chart, and got set up on my brokerage firm’s =
website to make=20
the trade, the real time quote window showed a price of around =
$16.80!!<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>A quick math check indicated =
that I=20
would still be about 3.3 % above the pivot.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN><SPAN class=3DGramE>Still =
OK, so I made=20
the trade.</SPAN><SPAN style=3D"mso-spacerun: yes"> </SPAN>I =
immediately=20
confirmed the purchase price, and it was $17.16! -- 5.5% above the =
pivot!<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I quickly clicked the =
real time=20
quote button: the price and bid/ask didn’t change!<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>They were still in the =
$16.80=20
range!<SPAN style=3D"mso-spacerun: yes"> </SPAN>Somehow I got =
stuck with=20
shares that were about 35 cents (2.2%) above the going rate.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I kept checking the real =
time quote=20
for the next few minutes, and it still remained around 16.80 or a =
little=20
lower.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I talked to the =
brokerage=20
firm, and they said I got caught in a momentary “<SPAN=20
class=3DSpellE>upspike</SPAN>”—just a tough break.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Why the price surged up =
dramatically=20
for a few moments and didn’t remain elevated, they could not =
adequately=20
explain.<SPAN style=3D"mso-spacerun: yes"> </SPAN>My concern is =
this: is=20
this situation the result of having this particular broker?<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>(By the way, I had a very =
similar=20
situation with them several months ago, but shrugged it off).<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Could I have avoided this if =
I had=20
another broker?<SPAN style=3D"mso-spacerun: yes"> </SPAN>Would =
it be=20
prudent to adjust my sell point accordingly since there is a good =
chance that=20
I will be shaken out as things now stand?<SPAN=20
style=3D"mso-spacerun: yes"> =
</SPAN>Thanks,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Buck<SPAN=20
style=3D"mso-spacerun: yes"> =20
</SPAN><o:p></o:p></SPAN></FONT></P></DIV></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0044_01C279F6.798E2670--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): RE: [CANSLIM] RINO and general execution of trades "Edward W. Gjertsen II"
Previous Article (by Subject): Re: [CANSLIM] RINO and general execution of trades Chazmoore@aol.com
Next in Thread: RE: [CANSLIM] RINO and general execution of trades "Edward W. Gjertsen II"
Articles sorted by: [Date]
[Author]
[Subject]