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Biotech / Medical : VD's Model Portfolio & Discussion Thread
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To: Cytokine1 who wrote (4921)5/18/1998 3:27:00 PM
From: Rocketman  Read Replies (3) of 9719
 
PRICE ADJUSTMENT TO MODEL SALE ON MOGN:

Because MOGN never sold for as high as $12.00 on 5/13, when our Stop Loss kicked in would have been as soon as MOGN opened as $11 5/8, thus our 3000 shares of MOGN sold (assuming our broker wasn't caught in morning traffic) @ $11.625 instead of $12.00, which means we need to add 3/8 x $3000 = $1125 back into our margin balance, and adjust our profits down on the sale. We obviously have people on the threads who read their brokerage statements, thanks for reading ours @;->

Rman
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