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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Bridge Player who wrote (7939)10/9/1999 4:19:00 PM
From: StockHawk  Read Replies (1) of 54805
 
your analysis did not say whether you used opening, mean, or closing price each day

Bridge,

Forgive me. I probably did not explain my method clearly enough. I did not pick the buy days or the buy prices - those were the actual purchases made by Uncle Frank. I took his buys - orders he actually placed at the time he wanted to place them and said lets pretend that we replaced those buy orders with good until cancelled orders at a price 10% lower. (If I was going to manipulate the buy dates I might as well conclude thus: with a rising stock buy all you will ever want on day 1. The price at the first buy was 70 3/8. <g>)

What's interesting about my silly little proposal - using GTC's at 10% below the price you are willing to buy - is that in the case presented it actually worked on a stock that was having a terrific move UP! The idea was to see if it could save 10% and it turned out it would have saved 4.5%. Not bad. It is likely that with another stock - one that is not rising with the speed of QCOM - that the "savings" would be even greater.

Take a look at your own past six buys and try it.

(Another interesting aspect of this idea is that it gives you a rooting interest both ways - example: lets say I own 500 shares of QCOM right now and I really want 600 shares because I am convinced that it will rise further. In fact I am ready to buy another 100 shares at the open on Monday. Lets say QCOM opens at 214. I could place a market order or a limit order at 214 or a GTC limit at 195 5/8. Now, since I already own 500 shares I want the stock to rise, but I also want it to fall so I can buy another 100 shares at a great price. Either way, in a sense, I win.)

StockHawk
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