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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joan Osland Graffius who wrote (13174)1/14/1998 1:27:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
Joan: Do you trade via a dicount broker ? Like with these pennies
I play I get up to 5000 shares for $12 commision and can go in
and out for $24 round trip. Also on a lot of No Load Funds, I have
NO COST going in or out, not even a service charge. It's limited
to 3 trips ( per fund in 6mo )..then a $25 service charge kicks
in, but with as many as there are I can get around that.
I'm begining to notice with some of the funds that short term
moves up&down, often exceed thoes of the S&P. They don't like
short term buyers, or market timers, but going in via the broker
my order is placed in a basket with others and I don't think they
know if and when I go in and out as my shares are held by the
broker. The disavantage is that with them you have to take
closing price for the day, and can't trade based on interday
prices, also you have to enter or exit before 2pm NY time.
JIm
The sell signals I got earlyer have eased up some.
The Market don't know if it wants to go up or down, :-)

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