The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: John Hunt who wrote (4693)	7/13/1998 10:30:00 PM
From: Rocketman1	Read Replies (1) of 12617

Thanks John. Your explanation is very clear. I guess that, as in eggs case, the stronger/weaker the stock closes determines which way it is likely to gap. .....However, if a stock gaps up 40 - 50%, it has probably fully discounted any news and will not resume the trend that day...... similar to what eggs did today. .......There is nothing wrong with trading using limit orders to buy and sell, especially if you can't watch the stock all day. I would call it 'swing trading'..... I guess if you have a "real" job this is your best alternative to still get in on the action. It seems that what he really should say about "don't initiate a trade before 10am" is don't initiate a mkt order before 10am (or ever) because you could get creamed! Thanks for the link also. Cheers, Rktman

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