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Strategies & Market Trends : Ride the Tiger with CD
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To: Gib Bogle who wrote (58755)8/4/2006 7:17:54 PM
From: Canuck Dave  Read Replies (2) of 312638
 
It's gambling at this point, Gib, pure and simple.

Three ways to approach it. Buy at the open and hope for the best, or stick in a bid 5-7 cents lower than today's close.

Or you can wait. Sometimes stocks run away from you. Most of the time they don't. Most of the time, buying at or near the open is a losing proposition.

Depends on your risk tolerance and time frame. I've seen markets ignore good stories before. Quick trades can slowly turn into "investments".

Bottom line? Caveat Emptor.

CD
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