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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: stockvalinvestor who wrote ()3/20/1997 9:23:00 AM
From: Bald Eagle   of 1836
 
I'm going to do things a little differently.
I'm buying TRID at the open ask today, 14 3/8.
I will check every hour and if I can make 10%, I sell.
Otherwise, I sell as close to the end of the day as possible.
I think your time of 3:59 is cutting things too close, I'll go for 3:50.
BTW, I use Schwab, so my commissions are 29.95 per trade.
Higher than yours, but I always get good service from them.
Also, I don't think you can assume an exact $10,000 invested, so I'm
rounding to the nearest 100 shares. So, I buy 700, which will actually cost $10092.45 including commission.
BTW, paper trades only until I see how this goes.
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