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Strategies & Market Trends : The Rational Analyst

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To: HeyRainier who wrote (838)	4/29/1998 12:00:00 PM
From: majormember	Read Replies (1) of 1720

Rainier, Trade finally executed at $5.00...gapped up @5.37, by the time I went in to sell after market open, I took .25 less. Did not put pre-market limit in for $5.25. Last time I did that was with LEAP at $4 3/4 (it closed 4 1/4 day before), stock opened at 5 1/4 and quickly went over $7. Of course when I tried to cancel the 4 3/4 order, it already executed at $5. What would have been the best way (without Level II) to have "locked" in that $5.25 today. Feeling quite good over 10K purchase @$1.20 and sell today @5. Best wishes, Skane P.S. My gut tells me last call to buy SNRS below $10.

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