The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (13976)	5/27/2000 11:56:00 PM
From: Gary D	Read Replies (1) of 15132

Marc: "The real tough question is if we will reach 74-75 again in the QQQ before it takes off and how to make the tough decision of getting a great price without risking following the rally on the sideline" An "Average Down" strategy One option would be to place a series of equal-size buy orders with limit prices incrementing from say 77 (or whatever the open price is, if it is lower) down to 74. Then if QQQ only hits 76 and goes no lower, you purchase half as much as if QQQ hits 74. In the best case scenario you would fill your quota for an average price of 75.5. I will probably use this strategy but will reserve the option of adjusting the price distribution of my orders depending on market condition and my own fear-vs.-greed ratio.<g> Gary

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