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

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To: LemonHead who wrote (10279)2/14/2000 11:39:00 PM
From: Steve Grabczyk  Read Replies (1) of 18929
 
Keith: I always adjust the opposing GTC order. It is part of the process.

It was tough to figure out why until I put pencil to paper (the original Lichello method). It all has to do with the Portfolio Control, # of shares and the value that those shares have to be to get past your $ resistance plus $ trade amount. Even though your PC doesn't change when you get a sell, the number of shares does. Since the calcs are all based on port. value the number of shares is important.

I hope this explanation doesn't confuse the issue. Tom is much better at explaining this than I.

Regards, Steve
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