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To: Susan Saline who wrote (24220)9/9/2000 1:18:03 PM
From: Ron McKinnon  Respond to of 53068
 
still no tuna
plenty of other stuff but can't get a big boy to save our lives
we held a mutiny and decided not to fish today after nothing for our efforts again yesterday
of course it is a beautiful day
blue sky, 80 degrees, low humidity and no wind
so I'm sitting here wishing I was at sea instead of trying to decide which of the bosses three months old honey-do's I should be doing



To: Susan Saline who wrote (24220)9/9/2000 1:23:23 PM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
legging in

three ways to buy

1. try to find the bottom and just buy
average down if you were wrong

2. use a trailing buy stop

3. leg in for an increasing number of shares at pre determined lower prices
based on F/A and T/A
depending on ones view of the risk in the stock and the market overall
you can leg in for greater or lesser shares at first
I normally use 1/3's but for the next month
or so will likely use 1/5's

conservative leg in
1/3rds ex: you want 600 shares total
buy
1st leg 1/6 100
2nd 1/3 200
3rd 1/2 300

more conservative leg in
ex: you want 1000 shares total
1/4ths buy
1st leg 1/10 100
2nd 1/5 200
3rd 3/10 300
4th 2/5 400

most conservative leg in
1/5ths ex: you want 1500 shares total
buy
1st leg 1/15 100
2nd 2/15 200
3rd 1/5 300
4th 4/15 400
5th 1/3 500



To: Susan Saline who wrote (24220)9/9/2000 5:17:04 PM
From: Jeff Jordan  Read Replies (2) | Respond to of 53068
 
>>>LU held the double bottom .... cross fingers that it holds ... come FEBruary .... all those buying at 40 will look like geniuses <<<

Susan, I believe the previous 52wk low was 39 5/8...however, in my mind 38 always seemed to be the bottom??? Given the current market climate I suppose it's possible for no particular reason....but, I would hope for cheaper shares just be willing to buy at lower levels...You know my frustration trading Lucy...eitherway...I do expected to be rewarded.

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