please give me some feedback......
At times like this in the past, I've missed golden trade ops for T/FIF portfolios.
When stocks are discounted to this extreme (relative to my gauge of absolute value, what a pharma would pay), I wade into my personal account on any strong news and move stuff around like crazy. I don't have time to post to the thread, as it's time consuming to detail sells, find current bids, and specify buys and current asks.
This is an extreme case of the Biotech Blues. I can power portfolio values forward on any given piece of strong news, for companies that I follow closely.
Would anyone mind if I popped in and just said "sell all RRRR, SSSS, TTTT, UUUU, and VVVV at current bid, buy ZZZZ to extent that cash balance will allow at current ask"?
That way I could take care of both my personal portfolio and T/FIF trading.
I have tick-by-tick, but I can't retrieve trades beyond the last twenty or so. I'd need help and consensus about actual prices.
Any objections? If not, I may modify the introductory post for the thread. But "current bid" would be implied for any sell and "current ask" would be implied for any buy. Sells would imply the entire position. The number of shares purchased would round down to the nearest whole block allowed by cash balance after the sells. No portfolio revisions would be made until consensus is reached regarding prices....... I obviously couldn't include the illiquid stuff in any sell, as the bid would move violently down in real world. However, it should be border line reasonable for some of the components. On the buy side, we can simply look at volume and tick by tick to determine what real world buys would be.
OK?
Some are doom and gloom re. VGIN, and what it means to the sector. I agree, it's a bad story. However, it's a business plan that never worked. I bailed many years ago, and never looked back. I'm therefore not concerned re. a "sector wide" message. But, for me, the trader..... hey, 25% in one day! If I could do 25% today for "2000", that would be plus 300% to date. And there are MANY stocks out there that will do 25% on good news, easy. |
