Picks of the quarter Message Board

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Strategies & Market Trends : Picks of the quarter

ATHR 6.060

+3.2%

Nov 28 12:58 PM EST

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To: snookcity who wrote (6918)	1/22/2009 9:43:56 PM
From: Sr K	Read Replies (1) of 20435

The Rules are that you cannot put (or short) more than 50% of your portfolio in any one stock, and that any illegal order is void. At Thursday's close your order is OK, with DRYS about 55.21 and total portfolio about 120.27, so DRYS was 45.9%, but, obviously, DRYS was over 50% at Wednesday's closes. To be safe with your order, either monitor it during the day and make any change required to not be illegal, or add something like "up to the maximum allowed" or change the buy portion of the order to "buy WEN with the maximum allowed in one position" or clearly separate the sell and the buy into separate instructions if you want the sell executed independently of whether the buy is legal or not. Think of the order as leaving voicemail for a human broker to follow exactly what you write. Your "order" was actually asking "could you", and you probably, at some time, have heard someone ask "Could you give me the time?" and gotten "Yes" for a reply.

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