Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (13976)	5/27/2000 11:56:00 PM
From: Gary D	Read Replies (1) \| Respond to of 15132

Marc: "The real tough question is if we will reach 74-75 again in the QQQ before it takes off and how to make the tough decision of getting a great price without risking following the rally on the sideline" An "Average Down" strategy One option would be to place a series of equal-size buy orders with limit prices incrementing from say 77 (or whatever the open price is, if it is lower) down to 74. Then if QQQ only hits 76 and goes no lower, you purchase half as much as if QQQ hits 74. In the best case scenario you would fill your quota for an average price of 75.5. I will probably use this strategy but will reserve the option of adjusting the price distribution of my orders depending on market condition and my own fear-vs.-greed ratio.<g> Gary

To: marc ultra who wrote (13976)	5/28/2000 6:47:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Marc: Re: "The real tough question is if we will reach 74-75 again in the QQQ before it takes off and how to make the tough decision of getting a great price without risking following the rally on the sideline" Boy, I wish I knew the answer to this one. I already loaded up on QQQs Wednesday morning. I think you should remember that Bob has set his buy point by his decision to purchase in line with what he saw in the market. He liked the purchase from Naz 3040 to Naz 3174. So anytime the market is in that area, one should be making their respective purchases in the QQQs. Also, the minimum expectation for this trade is 20%. So, one may make the argument that purchases made a bit higher will also produce a nice return regardless. My own opinion would be that anything under $80 is a reasonable entry point.