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Thanks, Eric, very good point. So, how do you suggest one effectively try to get into a stock that is already on the move? I don't think SNET orders are necessarily the way to go. SOES doesn't seem to do the job, either. Neither does posting a bid on ISLD. So, what's left?
Seems to me you either get lucky and, somehow, get in at your initial target or maybe the next level up. But, after than, you're in the game of chasing a momentum stock, and I don't know of anyone who recommends that practice.
CyBer has the "Delta Order" key which can be set to submit SNET order at a user-specified amount above the inside quote, e.g., 1/8 point. I've tried that. Still seems to take too long on fast stocks and, in my experience, has only gotten me in at higher level that I soon regretted, if you know what I mean.
Along those lines, unless one has perfect timing, buying on ISLD at the bid usually means you just got into a stock that is still headed down. Someone was glad to sell to you at the bid, when most folks would rather sell to you at the ask.
It seems to me that, with so many players chasing the same momentum stocks, the chances are slim that one would get in at the bottom or out at the top. It's a crap-shoot. And those who miss the bottoms or tops often live to regret their ways.
Bill
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