Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who wrote (4317)	3/27/2001 5:45:12 PM
From: Terry Whitman	Read Replies (1) of 52237

I've got a lesson to share. It's called "When to use market orders," or "How I was right about the direction, but wasted a day and a half chasing a stock up waiting for a dip to buy." <g> Kept placing limit orders on GP just under the price, and it kept running away from me. I'd raise the bid when it would break a resistance level, and it just kept running up. Never did get in, and missed out on the all the gains. Guess that's what they call a runaway market. Oh well, when everyone wants in, it's not usually the best time to buy anyway..

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