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Strategies & Market Trends : Wire to Wire Daily Stock Picking

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To: Jeffrey L. Henken who wrote (2694)8/5/1999 1:32:00 AM
From: Jim B  Read Replies (3) of 3514
 
Jeff,

not really... WACI had 3 trades today.. that was it.. WACI
opened at .085 x .11 and closed 3 trades later at .07 x .10

it moved down today but the last trade someone was taken on a market
buy at .11 when the ask was at .10

really the % was just based on the spread

maybe I can find a stock that is trading at $1 x $2 and hope that
today the last trade was at the bid and tomorrow the last trade is
at the ask and win with a 100% gain even though the stock never went
anywhere... LOL

it's okay man... I still love the contest.. this just seems to be a
loophole. WACI does 3 trades all day.. I love it.. lol and to think I bought at .15 and .19 ; what a jerk I was... my biggest losers have been stocks that I've seen someone else post as a HOT STOCK only to rush in a get the high... my biggest winners are the ones that I sit back and take the time to DD the crap out of it.. or if it's a MOMO study the trading logs, volume and charts VERY carefully..
guess I'm still learning the self-discipline and patience thing

jim
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