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Strategies & Market Trends : Waiting for the big Kahuna
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To: Rogue French Trader who wrote (8028)10/27/1997 10:28:00 PM
From: Snowshoe  Read Replies (2) of 94695
 
>>will try to buy into one of them at the open in my IRA account<<

Hope you aren't assuming your entry price will be based on the open. Assuming you submit your mutual fund trade before the daily cutoff time, it will be executed at the closing net asset value that day.

I wonder what effect these trading halts will have on mutual fund procedures? How can they complete their daily trading if the market is shut off? Perhaps they will move up the daily cutoff time?
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