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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Steve1 who wrote (93529)4/6/2000 7:11:00 AM
From: If only I'd held  Read Replies (1) of 108040
 
Well, it would be real tough to accumulate a block of 15k thru someone like Aneritrade. You don't have any say in how they go in and represent the order. WIth my trading system, I could accumulate a block of 15k without the rest of the market knowing what I was doing until after it was done. The problem in NATS would be to find enough sellers to buy 15k at a specific price. It could take a few days to accumulate it if I was working the bid. I had 17k when it was below 7. As it was rising, I let some go to cover my expenses, Most of what I hold now is pretty much paid for, and I look for opportunities to buy on the dips now. Problem is, when it dips, there is a lot of competition to buy. So, I have not been very fortunate lately in getting anything on the dips. That spread can be used, but you need the proper tools and patience. You cannot play the spread with Ameritrade. With Ameritrade, I guess the best thing to do, is place GTC orders at specific prices that you want to buy the stock, and sell the stock and check on them to see if anything executed.
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