SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: thankyou2 who wrote (5692)12/7/1999 2:48:00 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
ty2,

In my papertrading IPO experiment I've used the following scheme:

a) do nothing for 2 days after release
b) if the 3rd day's open is lower than day 1's close, then set a buy-stop 1/8th above day 2's high. Move this down each day if necessary, always just above the previous day's high.
c) if the 3rd day's open is higher than day 1's close, then let it go until a pullback. Play this the usual way with volume and Stoch. on hourly charts.

TC.