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Strategies & Market Trends : Picks of the quarter
ATHR 5.370-0.4%Jan 27 3:59 PM EST
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To: Mike McFarland who wrote (87)11/23/2005 3:12:44 AM
From: Elroy  Read Replies (1) of 20435
 
First chance to trade as the last Friday of the month coming up!

This Friday is the first chance to shift your positions.

Here's how it works.

If you want to sell something just post the order over the weekend. You get to sell it at Friday's closing price. To make it fair you should post that you want to sell it before Friday's close, but since its Thanksgiving weekend we'll be lenient. As long as you get the sell request in before Monday 6am NT time its basically fine, but you aren't supposed to use weekend news (if there is any) to influence the decision. In other words, if stock XYZ closes at $20, then negatively pre-announces results after the close and trades to $16 in after hours, you aren't supposed to then sell it for $20 just because you can. Anyway, hopefully that won't be an issue.

You pay 1% of the proceeds on any amount you sell. This is the only trading cost in the game.

If you want to buy something, same deal, just say the $ amount and you buy it at Friday's closing price. If you want to sell soemthing and put the whole amount in another stock, just say so and I'll calculate the amounts on Sunday.

Personally I plan on sitting tight on my positions, but if anyone wants to move things around just post your buy/sell orders on the thread and I'll update the spreadsheet Sunday.
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