Al:
I missed the low price also. I do not have to attend many meetings anymore, but today I had one. One word, when a stock is diving like nextel has the past two days, it is very risky to catch the bottom with a limit order. When the target price is reached, hit it with a market order. This works only if you are watching the ticker, if you are not, you have to use a limit order. If you miss the bottom, it will not matter as we saw today with nextel.
Whether today was a reversal or a bounce remains to be seen, although, six million share says a whole lot in favor of a reversal.
Ken |
