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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Jack Jagernauth who wrote (8350)8/30/1999 7:57:00 AM
From: Bernie Goldberg  Read Replies (1) of 18928
 
Hi,
IMO the problem with using GTC orders on a constant basis is that most of the time stocks follow trends.
If you put in a GTC order at 36 you will get the minimum sale at 36. If you had given the stock a chance you possibly could have sold many more shares at a higher price. There are times that you could miss a sale at 37 because of a sale at 36.
Bernie
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