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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: B. J. Barron who wrote (7934)7/12/1999 1:23:00 PM
From: OldAIMGuy   of 18931
 
Hi BJ, If you own the Newport software, you can print out the BUY/SELL/HOLD recommendations based upon whatever minimums you've set up for each stock. After rounding those prices to the nearest 1/8th, then contact the brokerage and place "Limit Orders" at those prices on a "Good 'til cancelled" basis and if possible add a "Do Not Reduce" command as well.

This means that the orders won't execute until the limits have been reached and they will remain in effect for as long as you want. The "do not reduce" item protects you if your stocks pay out dividends. Normally brokerages will reduce the limit order prices by whatever the dividend is if this command isn't added.

Until there's a trade, I leave the orders alone as long as they take to fill - whether that's one day or one year. It matters not to me. When a trade is made on one side, then I'll have to place a new order for that function and change the opposite order. Then sit back and wait for the market to perform its function. This is a nice low key way to handle a portfolio.

Please note that Newport bases its Next Buy and Sell prices on the larger value of either the minimum shares or the minimum dollars. If you use a minimum of 10 shares of a $10 stock but have $1000 set as your minimum for trading, the $1000 will determine the next buy and sell points.

Best regards, Tom
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