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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Seeker of Truth who wrote (9155)	10/29/1999 11:21:00 AM
From: StockHawk	Read Replies (1) of 54805

>>Suppose you always buy at the market. Compare the performance with always placing an order slightly below the market, to get it cheaper. In the first case you will be buying every long term gorilla that you spotted. In the second case you will miss some of them. In both cases you will buy all the duds.<< Malcome, here's something else to think about. Would you like to try to avoid "the duds"? You can do that - with some brokers - by placing specific buy limit orders above the current price. Take a look at GMST today. It is very near what someone on this thread called a "double top" and it is very close to a new 52 week high (87 7/8). Some believe the double top will cause it to fall, while others see new highs on the horizion. You could place an order to buy only if the stock reaches 88 1/4. You might pay a little more, but you would be buying a stock with positive momentum breaking out above its base to a new 52 week high. If, however, it fails to make the new high and instead falls, you have avoided the dud. StockHawk

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